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Fashion

Budget 2012-13: Thumbs-up for FDI, GST, excise a bugbear

The Union Budget presented by the Finance Minister Pranab Mukherjee in Lok Sabha today emphasised the need to reach a consensus over allowing 51 per cent foreign direct investment (FDI) in India’s retail sector and tax reforms. However, the apparel industry’s expectations of a breakthrough on excise duty were not fulfilled. The 10 per cent...

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