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Citing India’s own Act East, Neighbourhood First and Go West policies, the ministry spokesperson has claimed that connectivity is at the heart of Indian foreign policy.

That makes India’s decision to boycott the OBOR summit all the more puzzling.

Even the US and Japan sent delegations to the summit in Beijing.

(v) There is no restriction on invoicing of export contracts in Indian Rupees in terms of the Rules, Regulations, Notifications and Directions framed under the Foreign Exchange Management Act 1999.

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