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Forex traders said the increase in capital gains tax and removal of indexation benefits announced in the FY25 Budget on Tuesday was the main reason for dollar buying as foreign investors sold stocks.
Nirmala Sitharaman refrains from freebies to generate growth and tackle unemployment.
The opposition party in its post claimed that the government had "tacitly" admitted that "mass unemployment is a national crisis."
There was not even a remote acknowledgement that Kerala was leading the country's progress towards achieving Sustainable Development Goals.
A glide path towards the widely accepted 3/3.5 per cent is expected to nudge them to award a higher rating to the country.
This step is expected to boost entrepreneurial spirit, encourage innovation, and make India a more attractive destination for startup investments.
FMCG, consumer durables cap losses.
FM Sitharaman said that the government has reduced the basic customs duty on shrimp to 5%.
The government will also provide incentives to 30 lakh youth entering the job market by providing one month's PF (provident fund) contribution.
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