Today's Sector News - 13.01.2020: 09.00 Am
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* AGRICULTURE: Fresh sanctions slapped by the US on Iran on Friday are likely to have an adverse impact on India's agricultural exports, as the West Asian nation will not be able to pay for imports in foreign currency, which is the US dollar.
* BANKING: The Reserve Bank of India has released a five-year national strategy in a bid to expand the reach and sustain efforts of financial inclusion by involving all stakeholders.
* COAL: India is in talks with Mongolia for either acquiring stakes in coking coal assets or sourcing the fuel used in the steel and metallurgical industry, said Oil Minister Dharmendra Pradhan.
* SUGAR: India has exported 150,000 tn of sugar to Iran from Kandla Port in the ongoing season so far.
* TAXATION: The income tax department will likely tell the income tax appellate tribunal that six Tata Trusts wrongfully invested in shares of private companies and acted in breach of the object and purpose specified in their respective trust deeds.
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