.....After the CAD touched 6.7% of the GDP, the Finance Ministry stated that both the RBI and the government would continue to monitor the CAD and would take additional steps whenever warranted. Highly placed sources in the Commerce and Industry Ministry said that despite assurances to take effective steps by way of various sops, including financial incentives, to the labour-intensive exports sectors, the Finance Ministry is yet to take up “serious discussions” on the exact shape the package of sops will take.......
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