The proposal is part of a broader government plan to cut "non-necessary" imports to stop an outflow of dollars that has sent the rupee to record lows. In the three months to end-June, India became a net steel importer for the first time in two years, with foreign supplies reaching 2.1 million tonnes, up 15 per cent from a year earlier.from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/2NmiVH1
