Controversial FPI levy rolled back
"The enhanced surcharge levied by Finance Act, 2019 on long and short term capital gains tax is being withdrawn," Sitharaman said in a special media briefing here.
The rollback comes after Indian capital markets witnessed massive outflow of foreign funds in the month of July. Since the Budget, the benchmark index, Sensex had fallen over 3,000 points after it touched a life-time high of 40,000.
Companies reduce product's volume without lowering prices, and increasing them in some cases
Banking system continued to enjoy good level of capitalisation and liquidity
An economist says the readings indicate that the economy "continues to recover strongly from the pandemic"
Healthcare sector one of the biggest beneficiaries of the deal
The UAE has been the third largest export market of India for wheat