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The cause of the explosion and blaze, and the extent of damage to the submarine, is still not known.
New measures would shore up India’s forex inflows by an additional $11 billion says the government.
The weapon is the country's first indigenously built ballistic missile.
This is a critical step in completing its nuclear triad.
The proposed bill seeks several changes including higher visa costs.
The rupee erased all losses and ended higher at 60.77 per dollar on Tuesday.
India announced a second wave of reforms by further liberalising FDI policy earlier this month.
Eight children were among those killed in Saturday’s attack, local Nangarhar province police chief Sharif Amin said.
The Indian Cabinet diluted the mandatory 30 per cent local sourcing norms for multi-brand retailers.
The finance minister said US Federal Reserve Chief Ben Bernanke’s statements have added to the “confusion”.
