July 21, 2014 7:46 AM

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Govt gives major push to FDI in Budget

To make the economy more robust and free from the resource crunch, the government this time did not disappoint the market and gave a major push to Foreign Direct Investment, FDI in the Budget. The Finance Minister announced a substantial increase in the FDI cap in defence and insurance sectors from 26 per-cent to 49 per cent.

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