India Cuts Back on Iran Oil Imports
New Delhi, Under Pressure from U.S., Calls for Trim in Shipments, as Sanctions Drive Tehran's Production to 20-Year Low
By RAKESH SHARMA and SANTANU CHOUDHURY
NEW DELHI—India's top two importers of crude oil from Iran plan to reduce shipments by at least 15% this financial year, people with knowledge of the move said, in an important victory for the U.S.-led sanctions effort against Tehran.
http://online.wsj.com/article/SB1000...LEFTSecondNews
Tose who believed that India and China won't reduce their imports of Iranian oil are proven wrong.
We have a saying: I want to see my daughter-in-law's tears, even if my son has to die for it.
India must hike fuel prices to offset spiralling oil import bills: Manmohan Singh
Between this and the Supreme Court banning sun control films in cars, it is better to buy a bicycle or an ox.
I am seriously considering this.. With this government, i don't see any bright future of India..Originally Posted by Darklord
You mallus are a twisted bunch, you guys have a punchline for every ****ed up situation.
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Payment issues hinder Iranian buying team in India
By REUTER$
05/07/2012 19:03
Large Iranian delegation reaches only a few small deals for animal feed due to problems using a new payment mechanism using Indian rupee.
NEW DELHI - A large trade delegation from sanctions-hit Iran, in India largely to buy farm commodities, has reached only a few small deals for animal feed due to problems using a new mechanism meant to allow payment of suppliers using the Indian rupee.
(…)
Traders said their group had made inquiries to buy commodities such as wheat, sugar and soymeal but had sealed deals to import only small quantities of animal feeds.
Until now, the rupee mechanism had just been used to clear a backlog of export debts and payments totaling 3.8 billion Indian rupees ($71.10 million).
http://www.jpost.com/IranianThreat/N...aspx?id=269035
Those who believed that trade in other currencies, than USD and Euro, could undermine the sanctions are proven wrong.
Petrol prices to go up by Rs. 7.50 per litre
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