India begins paying Iran for oil in rupees: official
India has begun paying Iran for oil in rupees, Reuters reported quoting an Indian senior bank official as saying on Tuesday. It is the first such payment since the United States imposed new sanctions against Iran in November. The U.S. has given a six-month waiver to eight countries including India for imports of Iranian oil. […]
India’s GDP to grow at 7.3% in 2018-19
India’s Gross Domestic Product (GDP) rate is expected to grow at 7.3 per cent in the fiscal year 2018-19, and 7.5 per cent in the following two years, according to World Bank forecast. The forecast has been attributed to an upswing in consumption and investment in one of the fastest growing economies in the world. […]
Stung by ‘library’ remark, India lists Afghan projects to “educate” Trump
Donald Trump has become famously infamous for his eccentricity, grandiloquence, and off-the-cuff statements devoid of logic and lucidity. On the receiving end have been both friends and foes. During his first cabinet meeting of the year, the megalomaniac reality show star turned president fired a salvo at an important regional ally – India. And the […]
Waving of ISIS flag in Kashmir’s biggest mosque sparks protest, condemnation
Days after some masked men barged inside the biggest mosque in Indian-controlled-Kashmir and unfurled the flag of ISIS on the pulpit of the mosque, a protest was held on Friday across the valley. A massive protest against the ‘desecration’ of Jamia Masjid saw participation of separatist leaders, civil society activists, religious clerics, representatives of trade […]
Iran’s Zarif Due in India, Iraq for Official Visits
Iranian Foreign Minister Mohammad Javad Zarif plans to visit India and neighboring Iraq in coming days. Heading a large economic delegation, Zarif is slated to travel to India at the official invitation of South Asian country’s officials. The top diplomat said representatives of Iran’s private sector would have an active presence in the trip. After […]
India plans to pay 5 Iranian banks for oil purchases
India will use escrow accounts of five Iranian banks held with UCO Bank Ltd. to deposit money for oil purchases from the Middle East producer to overcome U.S. sanctions, according to people with knowledge of the matter. Iran will use part of the deposits for purchasing essential goods from India and to meet expenditure incurred […]
Chabahar port, Iran’s winning card in trade with South Asia, CIS
In southeastern Iran, on the Sea of Oman, there is a port city called Chabahar which is the home for Iran’s only oceanic port. Due to its strategic geographical positioning, Chabahar port holds a great significance for Iran both politically and economically. After years of negotiation, Iran has awarded the development project of this port […]
India, a good opportunity to counter sanctions
Visiting Iranian Minister of Health and Medical Education Dr. Seyed Hassan Hashemi to India said here on Sat. that India is a good opportunity to deal with sanctions imposed by US against Iran. Indian officials are interested in enhancing and broadening all-out ties with the Islamic Republic of Iran in all fields, he maintained. To […]
India’s cooperation needed to end war in Afghanistan, says Pakistan
Pakistan and India, the two South Asian warring neighbors, have long been accused of proxy war in Afghanistan, where the war has stretched into its 18th year now. While India has used its soft power effectively to gain foothold in the war-ravaged country, Pakistan has failed to do so, for a host of reasons. Apart […]
India’s cooperation needed to end war in Afghanistan, says Pakistan
Pakistan and India, the two South Asian warring neighbors, have long been accused of proxy war in Afghanistan, where the war has stretched into its 18th year now. While India has used its soft power effectively to gain foothold in the war-ravaged country, Pakistan has failed to do so, for a host of reasons. Apart […]