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Food subsidy expenditure forms over 50% of India's total subsidy spending in FY 2024-25, with Rs 1.64 lakh crore allocated for April-December 2024, up from the previous year. Fertilizer subsidy spending decreased slightly to Rs 1.36 lakh crore. Non-debt capital receipts declined, and FDI inflows weakened, highlighting revenue collection challenges and increased foreign investor outflows.
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Ashi Anand, CEO of IME Capital, highlights the overvaluation in smallcaps and recent correction. Despite a 20% fall, valuations remain high. Anand suggests a long-term perspective for buying opportunities. Tariffs by Trump may impact IT and pharma sectors, but exact outcomes remain uncertain.
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News and Media
Three men abducted from Kibbutz Nir Oz during the Oct. 7 attack are set to be released. Among them are Iair Horn, Sagui Dekel Chen, and Alexander Troufanov. Simultaneously, Palestinian prisoner Ahmed Barghouti, sentenced to life for his role during the Second Intifada, is also among those to be freed.
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