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    <title>Existence of Efficient Financial Markets is Paramount for Achieving Economic Growth: FM</title>
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    <description>The Finance Minister stressed that efficient financial markets-including banks, capital markets and intermediaries-are essential for sustainable economic growth by mobilising savings and allocating them to higher return investments. Pre budget consultations with banking and financial institutions produced recommendations on tax incentives, regulatory parity for NBFCs and AFCs, TDS threshold increases, tax free infrastructure bonds, treatment of housing as infrastructure, accelerated depreciation for construction equipment, monetisation of government real estate, and measures to enhance financial inclusion.</description>
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    <pubDate>Mon, 07 Jan 2013 18:40:41 +0530</pubDate>
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