Economy snippets
² With international nuclear sanctions on Iran being lifted, India will resume its unrestricted import of oil from the Persian Gulf nation. (BS)
² The government has decided not to cut its annual borrowing this fiscal as it wants to keep public spending high in order to keep growth engines running. (BL)
² Foreign direct investment in the food processing sector is likely to go up by at least 25% as FSSAI has streamlined the regulations to ease product approvals, the Union Minister has said. (ET)
Karishma Suvarna
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