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Question 179

The Cabinet Committee on Economic Affairs (CCEA) has declared a bailout package for UTI. It includes
I. Splitting UTI into two UTI-1 and UTI-II.
II. UTI-ll with an asset base of Rs. 17,784 crore would be brought under professional management.
III. Extension of a tax cover to investors holding upto 5000 US-64 units.
IV. UTI-11 will be privatised.

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