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Dear Policyholder,

The Union Budget 2020-21 presented on 1st February 2020 is a mixed bag. There was an expectation of strong measures to boost growth in the economy, which did not materialize. While, the steps taken are good from macro-economic stability and from long term perspective, in the short term it has not done much to boost investor sentiment. Government has proposed a new tax regime for taxpayers in the Rs 5-15 lac bracket under which lower personal tax rates are proposed if certain exemptions and deductions are given up which will put more money in the hands of taxpayers and help in stimulating consumption demand in the economy.

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