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The changes in the Prevention of Money Laundering Act would be a step towards cleaning up black money from the system

Ishan Bakshi
As shown in chart 1, net sales of more than 3,000 companies analysed by Business Standard grew by 10.1 per cent in the third quarter of 2017-18, up from 7.2 per cent in the previous quarter. Excluding those of oil companies, banks, and other financial firms, net sales rose by 9.1 per cent in Q3FY18, up from 6.3 per cent in the previous quarter. 

As seen in chart 2, among larger sectors, fastest growth was observed in casting, forging and fasteners, steel, auto ancillaries, cement and non-ferrous metals. On the other hand, some of the worst-performing sectors in the recently

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First Published: Feb 25 2018 | 10:41 PM IST

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