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Jaitley holds review meeting of FDI policy in various sectors

Finance minister Arun Jaitley held a meeting with other ministers and government officials on Monday for a review of the current Foreign Direct Investment (FDI) policy, informed sources said. Commerce minister Nirmala Sitharaman, power minister Piyush Goyal, Niti Aayog CEO Amitabh Kant and external affairs minister Sushma Swaraj attended the meeting, the sources said. The official refused to give any details of the meeting. The government has been considering further liberalising the FDI regime to attract foreign investments in various sectors, including 100% FDI under the automatic route for the…

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Sea-Snail Venom Holds Key to Diabetes Medication

The venom of a carnivorous sea snail could hold the key for artificial, fast-acting insulin for diabetes patients, an Australian study has found. Researchers from Melbourne’s Walter and Eliza Hall Institute (WEHI) discovered the unusual three-dimensional structure of the insulin, a hormone that turns glucose ingested into liver and skeletal muscle cells, within the cone snail’s venom, Xinhua news agency reported. Mike Lawrence, leader of WEHI’s participation in the research, said the discovery was a significant step and would enable scientists to engineer an artificial version of the fast-acting insulin….

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