India’s sudden halting of crude oil imports came as a rude shock for long-standing strategic partner Iran, but Tehran believes purchases will resume as soon as a new government comes to office in New Delhi, Iranian envoy to India Ali Chegeni told ThePrint.
As tensions between the United States and Iran escalate, there are fears of the possibility of another US military intervention in the Middle East. While the two countries do not want a war, it is plausible that a set of miscalculations and misinterpretations might escalate the situation further.
The visit of Iran foreign minister Mohammad Javad Zarif in the context of the removal of waivers that India had enjoyed for the past six months is significant. The first item on Zarif’s agenda will of course be to discuss the modalities related to continued imports of Iranian oil
India has completely stopped the import of oil from Iran under pressure from the US, multiple sources have told ThePrint. New Delhi is, however, negotiating with Washington to allow it to procure pending shipments for which contracts have already been signed with Iran.
The Trump administration appears to have decided not to extend waivers from sanctions on those countries that continue to buy oil from Iran. The decision not to extend another round of Significant Reduction Exceptions (SREs) will have a significant impact on big Asian oil
Losses by India’s power retailers are set to rise, reversing two years of declines they enjoyed since Prime Minister Narendra Modi’s government unveiled a plan to make the ailing utilities profitable.
For the Indian electorate, electricity has always been important– in terms of access, reliability and cost. In the lead up to this Lok Sabha election, lakhs of new consumers were connected to India’s electricity grid.
India’s crude output fell 4 per cent from April through February in fiscal 2018-19 to 31.36 million metric tonnes (MMT), but this isn’t a first. Under the Modi government, which had promised to raise output and reduce oil imports, crude oil production has actually seen a steady fall.
Government schemes aimed at curbing household pollution could alone help prevent as many as 2.7 lakh premature deaths every year, without additional measures such as traffic restrictions, a study led by IIT-Delhi researchers has found.
It is one of the tragedies of India that sooner than later, even the best of legislation is allowed to decay into irrelevance, thanks to endless litigation.