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Budget 2014: Key Highlights

Presenting the Interim Budget 2014 in Parliament, Finance Minister P Chidambaram on Monday slashed excise duty on cars and two-wheelers, capital goods and a variety of consumer items like TV and refrigerators to boost demand and manufacturing.

Fin Min examining DIPP's proposal for curbs on royalty payments

The Finance Ministry is examining a proposal of the Department of Industrial Policy and Promotion (DIPP) to re-introduce restrictions on royalty payments by Indian arms of foreign companies.