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A decline in overseas demand from major markets like the UAE has raised concern that India's apparel exports, which is a major foreign exchange earner for India, are slowing down for good.

Chairman CITI, Sanjay Kumar Jain welcomes the Government’s decision to reduce the Hank Yarn Obligation (HYO) from 40% to 30% of the total weaving yarn produced for domestic consumption.

The Finance Ministry is making a last-ditch effort to get close to the direct tax target of Rs 12 lakh crore, said a news agency report on Thursday.

The Finance Ministry is making a last-ditch effort to get close to the direct tax target of Rs 12 lakh crore, said a news agency report on Thursday.

The Indian rupee on Friday strengthened marginally against the US dollar, tracking gains in Asian currencies and optimism about a US-China trade deal.

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