Air pollution is not just a winter problem, or just restricted to New Delhi. The Narendra Modi government will need to take up the air Indians breathe as a top priority in the next five years.
Japan has plans to establish high-speed rail network, commonly known as bullet train, in five more locations in India even as the first such project in the Mumbai-Ahmadabad sector is likely to be delayed till 2023 compared to the government’s 2022 target.
India has no plans to resume oil purchases from Iran “anytime soon” even as New Delhi has been able to settle with Washington the issue of obtaining pending shipments from Tehran, a top Indian official told ThePrint.
Weeks after India stopped oil imports from Iran, the Modi government is keen to resume supply from the Middle Eastern country and is looking at ways to make payments in Indian rupee to get around US sanctions, two government sources told ThePrint.
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.
