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FM Nirmala Sitharaman announces fourth set of govt's 20 lakh crore stimulus package: Highlights

May 16, 2020, 08:16PM ISTSource: Times Now

Union Finance minister Nirmala Sitharaman announced fourth set of Rs 20 lakh crore stimulus package announced by Prime Minister Narendra Modi. FM said, 'Foreign Direct Investment limit in Defence manufacturing under automatic route is being raised from 49% to 74%. ‘Make in India' for self-reliance in defence production - we will notify a list of weapons/platforms for ban on import with year wise timelines. There will be indigenisation of imported spares.' FM Sitharaman also announced commercial mining in coal sector.

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