Author: PTI

The country’s services sector has huge potential to generate job opportunities and push economic growth, Commerce and Industry Minister Piyush Goyal said. He suggested that the ministry, state and industry body CII can work on some kind of policies and enablers to push the growth of 12 champion sectors being identified by the government.

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In the wake of the crisis at Punjab & Maharashtra Cooperative (PMC) Bank, finance minister Nirmala Sitharaman reiterated the government commitment to rein in cooperative banks by bringing in necessary legislative changes. She said the finance ministry and RBI officials had three meetings since the PMC Bank crisis and the effort is to bring back the confidence of the depositors in the nation’s banking system.

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The country’s leading milk supplier Amul described the move as “landmark”. Prime Minister Narendra Modi in Bangkok said India will not join China-backed RCEP deal as negotiations failed to satisfactorily address New Delhi’s “outstanding issues and concerns”. He made the announcement during his speech at the RCEP Summit here, which was attended by several world leaders, including Chinese Premier Li Keqiang.

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The government unveiled two new IT initiatives, ICEDASH and ATITHI, for improved monitoring and pace of customs clearance of imported goods. These initiatives will also facilitate arriving international passengers with e-filing of baggage and currency declarations.

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The Indian government today said its “timely intervention” ensured the release of five Indians and five Myanmar nationals, including an MP, who had been taken hostage by an ethnic rebel group in the country’s restive Rakhine province, The Ministry of Home Affairs said

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