Tax Exemption Limit to 2 lakhs ?

WoW! This seems to be a welcome move if it does come true. Read the following article from economic times

http://economictimes.indiatimes.com/personal-finance/tax-savers/tax-news/budget-2012-likely-to-increase-income-tax-exemption-limit-to-rs-2-lakh/articleshow/11779014.cms