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Sanctions will not affect FIIs’ Indian interests
Planning Commission Deputy Chairman Jaswant Singh said investment bankers and foreign institutional investors were not worried by international sanctions. Singh clarified the governments stand to representatives from FIIs including Merrill Lynch, Goldman and Sachs. Sources said the FIIs’ interests in India would not be affected by international sanctions. Revenue Secretary N K Singh who was present at the meeting said the budget would help double foreign institutional investment within two years.