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Budget’s Consumption Stimulus May Not Fully Translate Into FMCG Sales

All those earning Rs 1 lakh per month, or up to Rs 12.75 lakh per annum (excluding capital gains), are now exempt from paying income taxes under the new regime. Companies, including Marico Ltd., Emami Ltd. and Godrej Consumer Products Ltd — coping with sluggish demand due to an urban slowdown…

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