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Bailout package for UTI

NEW DELHI JULY 30. The Government today announced Rs. 500-crore bailout package for the beleaguered Unit Trust of India as part of Rs. 8,007 crore supplementary demands for grants for this financial year. The Rs. 500-crore budgetary support provided for the UTI is to meet the shortfall between assured repurchase price and net asset value of its flagship scheme US 64. — PTI

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