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Centre relaxes gift policy for employees, hikes monetary limits

PTI New Delhi The central government has increased the monetary limits for accepting gifts for all its employees, relaxing the ceiling by more than three-fold, officials said on Tuesday. All officials under Groups ‘A’ and ‘B’ categories shall not accept any gift without the sanction of the government if the value exceeds Rs 5,000, they said, citing recently-amended rules. The …

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PMC Bank depositors’ woes mount as RBI Governor abroad

IANS Mumbai The aggrieved depositors of the scam-hit Punjab and Maharashtra Cooperative Bank Ltd found no solution at a meeting with Reserve Bank of India (RBI) officials as the apex bank Governor Shaktikanta Das is currently touring abroad, representatives said here on Tuesday. A delegation of the protesting depositors, which was called by the RBI for a meeting, was reportedly …

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DoT prepares Rs74,000 cr revival plan for BSNL, MTNL

IANS New Delhi The DoT will send a proposal to the cabinet for a revival plan worth Rs 74,000 crore for the ailing state-run telecom firms – BSNL and MTNL – where Rs 22,000 crore would be in the way of capital infusion for acquiring 4G spectrum, and for a voluntary retirement scheme (VRS), part of the expenditure for which …

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IndiGo scouts for Central Asian destinations, more China flights

IANS Ho Chi Minh City After consolidating its presence in West and Southeast Asia, India’s largest passenger carrier IndiGo plans to add more destinations in China next year followed by a likely entry into the Central Asian market. Moreover, the airline has also not ruled-out the possibility to start a maiden flight service to Cambodia. Neither has it given up …

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Swiss VP meets Piyush Goyal to discuss ways to modernise railways

IANS   New Delhi Switzerland Vice President Simonetta Sommaruga on Monday called on Union Railway and Commerce Minister Piyush Goyal to discuss ways to boost cooperation between the two nations and to modernise railways. Sommaruga met Piyush Goyal in the rail bhawan here on Monday. In a statement, the Swiss Embassy said, “the Indian government would like to strengthen the …

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India, France have huge untapped potential: French envoy

PTI New Delhi India and France have huge untapped potential for developing business relations and there are many opportunities for French businesses to invest and create jobs in India, the European nation’s envoy Emmanuel Lenain said on Monday. Calling relations between India and France “fabulous”, Lenain said the two countries share a great level of confidence and partnership in sectors …

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NCTC proposes measures to boost textile and clothing industry

NT NETWORK Mumbai With the objective of highlighting the issues and challenges being faced by the textile and clothing industry as well as the urgent policy interventions required to address the same, all the stakeholders of textile and clothing industry, namely National Textile Associations, Export Promotion Councils (EPCs) as well as regional-level textile and clothing industry associations, representing the entire …

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Boeing shares tumble again as 737 MAX crisis deepens

AFP New York Shares of Boeing tumbled again on Monday over its handling of the 737 MAX crisis after US aviation regulators criticized it for withholding key documents for months. Both UBS and Credit Suisse downgraded the company following Friday’s statement by the Federal Aviation Administration that called Boeing’s handling of the documents “disappointing”. The criticism comes as Boeing’s efforts …

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International Trade Training School to be inaugurated in state

NT NETWORK Panaji The International Trade Training School will be inaugurated in Goa on December 12 to provide training in the field of exports. The CEO and founder of Global Network Institute, Jagat Shah, addressing a press conference on Monday said that the school will provide an opportunity to students as well as professionals from 15 years to 70 years …

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US imposes tariffs on EU goods

Brussels: The United States imposed tariffs on a record USD 7.5-billion worth of European Union goods on Friday, earning a swift threat of retaliation by the EU. The tariffs, which took effect just after midnight in Washington, came after talks between European officials and US trade representatives failed to win a last-minute reprieve. Airbus, French wine and Scottish whiskies are …

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