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Policy Watch
DIPP approves 32 proposals of defence, explosives sectors

To attract FDI and boost defence manufacturing, which imports up to 70 per cent of its military hardware, the government had recently relaxed the policy.

A senior public sector banker said that the numbers look reasonably good considering this is the limited period offer and a maiden one.
Last month, the SC had allowed voluntary use of Aadhaar for welfare programmes including MGNREGA, all pension schemes, PF and Pradhan Mantri Jan Dhan Yojna.
Initially, the coins will be available in denominations of 5 and 10 grams. A 20 grams bar/bullion will also be available.
The pay commission submitted its 900-page report to Finance Minister Arun Jaitley. Economists expect the wage hikes to boost consumption-driven recovery.

Union Minister M Venkaiah Naidu said the government has so far brought out about 35 changes in the Foreign Direct Investment policy across 15 sectors.

The government has proposed to set up MPC, which will consist of representatives from the Finance Ministry and RBI, to decide on interest rate.
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