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    <description>The Budget reply emphasises fiscal prudence while implementing stimulus: it cites economic recovery indicators, raises the agricultural credit target and concessional short term loans with repayment incentives, extends time under the Agricultural Debt Waiver and proposes tax incentives for cold chain investment. It increases rural and urban infrastructure outlays and social programme allocations, sets medium term fiscal deficit and revenue deficit reduction targets, explains the Government borrowing programme and RBI OMO support, and outlines a disinvestment approach favouring people ownership with Government majority and management retention while calling for financial sector reforms.</description>
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