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    <title>Statement after the Press Conference of Secretaries, Ministry of Finance: India Emerged as the Fastest Growing Major Economy in the World;</title>
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    <description>The statement outlines policy priorities to sustain macroeconomic stability through inflation targeting and fiscal consolidation, while increasing plan capital expenditure and reducing major subsidies as a share of GDP. Key reforms include petroleum price deregulation, direct cash transfers for LPG, fertilizer subsidy rationalisation, and digitisation of the PDS. Investment stimulus measures comprise stepped-up infrastructure spending, a National Infrastructure Investment Fund, revival of PPP projects, and measures to strengthen public sector banks via governance, capital planning, and performance targets. Tax administration reforms emphasize non adversarial resolution, fewer exemptions, and expanded electronic processes.</description>
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