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New Delhi: Finance Minister Yashwant Sinha has offered some relief to retiring employees in private and public sectors by announcing the lifting of the Rs 2-lakh investment ceiling in Government of India (GoI) Relief Bonds. This announcement was made during Sinhas reply to the debate on the 2002-03 Union Budget here. A ceiling of Rs 2 lakh per year on investment in GoI relief bonds was proposed in the 2002-03 Union Budget along with the 50-basis-point reduction in the interest rate applicable on these bonds.
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