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    <title>Finance Minister Shri Arun Jaitley: India has emerged among the few large economies in the world with a promising economic outlook; Economic growth is moving in the right direction and its pace is expected to gather momentum in the coming quarters, once the impact of the on-going economic and structural reforms takes the firm root</title>
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    <description>The Finance Minister reported a promising economic outlook tempered by global risks and highlighted the FSDC&#039;s coordinating role in financial stability and sector development. Regulators&#039; budget proposals included continuing fiscal consolidation with quality public investment, provisioning for bank recapitalisation, exemption of service tax on life insurance premiums, continuation of Government contribution to Atal Pension Yojana, and tax parity for final NPS withdrawals with PPF and EPF.</description>
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