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The FM restricted tax-free interest on retirement fund to Rs 2.5 lakh annually but gave tax exemption on Leave Travel Concession subject to incurring of specified expenditure.
Increasing FDI limits in insurance has been a longstanding demand of the United States where most of the big insurance majors are situated.
The Economic Survey 2020-21, authored by a team led by Chief Economic Adviser Krishnamurthy Venkata Subramanian, details the state of different sectors of the economy as well as reforms that should be undertaken to accelerate growth.
According to a recent survey, a majority (68 per cent) of the 180 industry leaders are positive about India's economic revival.
The RBI has also clarified that its permission is not a testimonial about KIIFB's capacity and capability to avail loan.
In the new job creation scheme, subsidy will be given to to those establishments that make new hires.
Modi also added that India is playing the role of pharmacy to the world, as it provided medicines to around 150 countries so far amid the ongoing Covid-19 pandemic.
The CAG also painted a grim picture of efficacy of India's offset policy saying it did not find a single case of foreign vendors transferring high technology to the Indian industry, adding defence sector ranked 62nd out of 63 sectors receiving FDI.
Three key agriculture Bills, approved by the Lok Sabha, are facing staunch opposition from within the ruling coalition with senior minister Harsmirat Kaur Badal resigning in protest and farmers hitting the street.
There are around 4,000 security personnel at the Red Fort and they will stand in adherence with social distancing norms.