Last week, Britain impounded an Iranian oil tanker in Gibraltar, claiming that the vessel was carrying oil to Syria in violation of the European Union’s sanctions. A senior adviser to the Iranian government responded that if Britain failed to release the vessel, Iran would be forced to seize a British tanker.
The Narendra Modi government has slashed the budget allocation for the development of Chabahar Port in Iran by more than half in 2019-20 amid tension between Washington and Tehran over the latter’s nuclear programme.
India will continue to be a net importer of steel for at least the next two years as high-grade products from South Korea and Japan flow in tax free amid worries of escalation in supplies from China, according to Fitch Ratings Ltd.’s local unit.
A short time ago, solar power was considered a marginal power source. But it is now one of the major drivers behind the transition to greener, more sustainable energy. Around the globe, prices are falling and India is now producing the world’s cheapest solar power,
The Narendra Modi government, which in its earlier term had proposed the merger of public sector oil companies, has decided to abort the idea amid an increase in oil imports and reduced domestic production.
India issued a new tender for solar power equipment manufacturing capacity totaling 2 gigawatts, the latest attempt to spur its domestic industry after two earlier efforts failed to rouse investor interest.
Tensions between the United States and Iran are at an all-time high. And, if hostilities do break out, it would be a huge geopolitical setback for India for multiple reasons, not least because of its impact on oil prices.
Uncertainty looms large over the future of the strategically-important Chabahar Port that India is building in Iran’s Sistan-Baluchistan province. Despite India getting exemption for the development of the port from the sanctions imposed by the United States on Iran last November
Oil from Iran and Russia’s S-400 Triumf missile system will top the talks agenda when US Secretary of State Mike Pompeo arrives in India next week, official sources told TheP
The Travelling Ticket Examiners (TTEs) of Indian Railways will now be tasked with the responsibility of ensuring cleanliness of the coach and public amenities in the general and sleeper classes.