India, which imports 12 per cent of its oil from Iran, will not scale down its petroleum imports from Tehran despite US and European sanctions against the Islamic republic, Finance Minister Pranab Mukherjee has said.
New Delhi, as the only agent that enjoys trust in all the key capitals, must offer itself as a back-channel interlocutor, says Ajai Shukla
As the Barack Obama administration tries to impress upon India and other nations to join in the US-led sanctions regime against Iran to isolate that country for its alleged nuclear weapons programme and reduce their energy dependence on Teheran, India's Ambassador to the United States Nirupama Rao noted that India's imports of Iranian oil has been on the decline and predicted it may dissipate even further.
"We have many relationships...they have a history. We will do what is in our national interest and part of that strategic partnership is the ability of each country to comprehend and appreciate the national interest of the other," Jaishankar said.
Resisting US pressure to further scale down oil imports from sanction-hit Iran, India on Monday made it clear that it has to look at the issue involved beyond the energy trade as it has "vital" security stakes in the Gulf region.
Investors booked profits in range-bound trade, led by PSU, oil & gas, energy, infrastructure, telecom, realty, healthcare, bankex, FMCG, capital goods and power counters.
Time and cost overruns are endemic to most Indian warship building projects. A central reason is the Indian Navy's operational assessment that it is better to get a warship late and ov
'We're not going to give up hundreds of billions of dollars in orders and let Russia, China and everybody else have them. It's all about -- for me -- very simple, it's America first'
This is Kim's first overseas visit since he took over power in 2011 after his father's death.
2018 has been a disappointing and highly volatile year for equity investors.
The House approved the supplementary demand for the current financial year after Finance Minister Pranab Mukherjee replied to general discussion on the Budget in the Lower House.
Stock specific action is seen with some of the prominent companies posting their quarterly numbers.
'The Chinese are only about 160-170 km behind.' 'It will not take much time for them to bring their troops back, considering that they have better infrastructure -- and the weather is now favourable.' 'They can move in much faster as the terrain favours them.'
Highlighting the role of MSMEs in enhancing exports and helping the country achieve self reliance, Union Minister Nitin Gadkari on Monday said India does not need to import from China. "Already in automobile sector, in many sectors now, in agriculture, automobiles, everywhere, we have already found the solutions. Now we don't need to import from China," said the minister. He observed that India was exporting a lot of items instead of importing them.
The rupee has depreciated 10.5 per cent against the dollar this year, making it Asia's worst-performing currency.
Petrol and diesel prices on Tuesday touched fresh highs as rupee dipped to a record low of 71.54 against US dollar, making imports costlier
Countries with abundant resources are faring worse in terms of development than those with less.
US ambassador to the UN Nikki Haley also called on all countries to sever economic and diplomatic ties with Pyongyang to curb its nuclear programme.
A vilification campaign against Rosneft has begun in right earnest, says M K Bhadrakumar.
US has sent out a warning bell to India for carrying out business with Russia.
The gun is unique in its ability to fire a five-round burst, while no other contemporary The gun is unique in its ability to fire a five-round burst, while no other contemporary gun exceeds three-round bursts. This brings down a greater quantity of explosive onto the target before enemy soldiers can take cover
The reversal of Trump's policy with regard to Iran, like the withdrawal from the Paris Agreement, may not be a matter of just turning the clock back, but one of patient negotiations, with uncertain consequences in the post-COVID-19 world, observes Ambassador T P Sreenivasan.
Known for stable returns, near debt-free status and dividend track record, these 10 PSU stocks are worth buying now.
Reliance Industries has since April stopped selling gasoline and gas oil to Iran in an apparent bid to escape sanctions by the US, where it is eyeing an acquisition.
The government on Tuesday cleared nine fresh proposals for setting up special economic zones, most of which are related to IT and ITES, followed by the bio-technology sector.
IOC owns about 74 per cent in BRPL and the merger would be effective on Wednesday, the company said in a statement to the Bombay Stock Exchange. Shareholders of BRPL will get four shares of IOC for every 37 shares they held.
Russian firms expand their footprint in India. And take bigger steps to do business with India's private sector.
The bond market expects at least 25 basis points cut in the June 6 policy.
Natural gas is clearly a Union subject but states and the courts have ignored this rule and added to the chaos, says Latha Jishnu.
Research and ratings agencies like Icra and Moody's have said the CAD in 2018-19 would be much higher than 2017-18
There is a vocal constituency of educated, well-to-do, articulate Indian elites who would rather go with the idea that too much democracy is a liability. That India needs a spell of benevolent dictatorship. Of course, they have never lived under one, points out Shekhar Gupta.
The rouble has fallen about 45 per cent against the dollar this year.
Govt may further hike excise on petrol, diesel before Budget.
Can we find fault with RBI for not intervening enough in the market? Actually no, say some experts. A correction in rupee was long overdue.
Industry sources said the carrier owed over Rs 620 crore to BPCL and HPCL, besides Rs 160 crore to IOC. However, Kingfisher Airlines is not the only company with oil dues. Kingfisher Airlines, Jet Airways and state-owned Air India started this financial year with accumulated dues of Rs 4,000 crore to oil companies and airports, sources said. The three airlines are collectively projected to incur operating losses of Rs 5,000 crore, industry estimates suggest.
The CM has announced an ex gratia of Rs 4 lakh each to the kin of those killed.
China is engaged in hotly contested territorial disputes in the South and East China Seas. Beijing has also made substantial progress in militarising its man-made islands in the past few years, which it says it has the right to defend.
"10 minutes before the strike I stopped it, not proportionate to shooting down an unmanned drone".
India became more dependent on Iraqi oil recently after it cut supplies from the sanctions-hit Iran.
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