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WASHINGTON (AP) — Congress will weigh some of the most significant U.S. sanctions on Russia since the end of the Cold War in a bid to pressure President Vladimir Putin to pull Russian troops out of Crimea, according to a copy of a new Senate bill obtained by The Associated Press.
India's industrial production edged into positive territory Wednesday but the 0.1 percent rise posted for January was nowhere near the strong recovery the government had hoped for ahead of national elections. "The data shows India’s beleaguered economy moving in the right direction, but still far from healthy," said Capital Economics economist Miguel Chanco. The scandal-tainted Congress-led government had hoped the "green shoots" of economic recovery would be clearly visible before voting took place. The influential Confederation of Indian Industry (CII) called the increase in total industrial output, led by a strong rise in electricity production "small consolation".