WLCI
takes a look at the new budget as it was presented by our Financial Ministry on
10th of July. This budget seeks to revive growth, curb borrowing and reduce the fiscal deficit of the country. Jaitley announced he would raise ceilings on foreign investment in the defense and insurance sectors and loosen rules for foreign e-commerce retailers and real estate investors.
All in all this is viewed as an
investor friendly budget.
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