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The World Bank s lending arm
and other global institutions have issued $1.4 billion worth of
offshore rupee-denominated bonds so far this year to meet strong
demand spurred by India s inclusion in JP.
There hasn t been any dramatic moment in the first act (the Budget) but nobody would complain.
It s par for the course as long as the figures don t change in the main Budget, which will be presented after general elections.
Mutual fund industry players believe that mutual funds should be more tax friendly and brought in line with ULIPs. They also demand that the switch between different schemes is exempted from capital gains tax. Some also believe that the steps should be taken to unlock savings made in gold