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Budget Buzz: Customs duty on gold and silver cut from 12.5% to 7.5%
The finance minister Nirmala Sitharaman reduced customs duty on gold and silver from 12.5% to 7.5%. She noted that Gold and silver presently attract a
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FM Pegs Gross Market Borrowing For FY22 At Rs 12 Lakh Crore
The Finance Minister has stated in the budget that the gross market borrowing target is at Rs 12 lakh crore for FY22. We will approach the market for
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Textile stocks advance after FM announces setting up mega textiles parks
Shares of nine textile firms gained in trade after the central government announced plans to set up mega textile parks in India.
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Finance Minister proposes launch of national monetisation pipeline
Finance Minister Nirmala Sitharaman proposed today in her Budget speech that the government will launch a national monetisation pipeline for potential
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Government to bring in LIC IPO in FY22
The Finance Minister has proposed raising the FDI cap in the insurance sector to 74% from 49% currently. Finance minister also stated that the initial
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FM Announces Vehicle Scrappage Policy
Finance Minister Nirmala Sitharaman announced the voluntary vehicle scrappage scheme to phase out old vehicles to curb environmental pollution and oil
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Fiscal deficit pegged at 9.5% of GDP 2020-2021: FM
The unforeseen and unexpected circumstances during the pandemic led to weak revenue and high expenditure to provide relief to vulnerable sections. The
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FM proposes 1.07 lakh crore CAPEX for railways
Finance Minister Nirmala Sitharaman proposed an allocation of Rs 1,10,055 crore towards the railways sector in her Budget speech for FY2022. She noted
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FDI in insurance sector proposed to be hiked to 74% from 49%: FM
The Finance Minister in the budget has proposed increasing the foreign direct investment limit in the insurance sector from 49% to 74% in the budget 2
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FM announces infusion of Rs 20000 crore for public sector banks
The Finance Minister said the budget for 2021-22 rests on six pillars – from healthcare to infrastructure. FM announced an infusion of Rs 20,000
