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An employee uses an electronic machine to check an Indian currency note inside a bank in Allahabad
Govt offers tax breaks on Iran exports despite U.S. pressure
The Indian government will offer tax incentives to exporters for sales in rupees to Iran, in the latest effort by New Delhi to bolster exports in return for oil from the Islamic Republic squeezed by Western sanctions, a finance ministry official said. Following U.S. and European Union sanctions against Tehran over its nuclear programme, New Delhi is under pressure to cut oil imports from its second-biggest