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India's finance minister also exempted Indian railways from service tax for a period of two years.
The pipeline will enable the export of 21.5 million cubic metres of Iranian natural gas per day to Pakistan.
The government has announced a fiscal consolidation path to reduce the deficit to three per cent of GDP by 2016-2017.
The finance minister said recent initiatives taken by the CCI would spur investment activity.
The Indian government is expecting a huge investment boost in these blocks in the coming years.
India requires around $1 trillion in the next five years to overhaul its infrastructure sector.
Sexual violence against women has become a pressing issue in India.
India's finance minister is currently in Washington to attend the annual Spring meeting of the IMF and the World Bank.
India's finance minister is to meet with the new US Treasury secretary Jacob Lew.
Earlier this month India and Canada signed an AAA that will allow Canada to ship uranium to India.
