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Full Text - Budget Speech of Finance Minister

Jaitley announces some concessions, tax on MF from 10th July: The government on Friday announced some concessions for mutual fund industry and income tax payers, while comitting to low tax regime to promote industrial activity to generate jobs and create more resources to undertake social welfare activities.

Cabinet clears 49% FDI in insurance with Indian control: The Cabinet on Thursday approved 49 percent foreign investment in insurance companies through the FIPB route ensuring management control in the hands of Indian promoters.

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