India's February exports rose 4.25 per cent from a year earlier to $26.3 billion, while imports rose 2.6 per cent to $41.2 billion, leaving a trade deficit of $14.9 billion, trade ministry officials said on Monday. ...
12:55 PM, Mar 11, 2013
New Delhi: India plans to cut oil imports from Iran by 10 to 15 percent in the next fiscal year, and more if Tehran does not lower prices to help cover higher costs resulting from Western sanctions, a government source said. Iran's top Asian oil buyers - China, India, Japan and South Korea - have all reduced imports after the United States and the European Union imposed sanctions aimed at...
11:22 AM, Dec 20, 2012
New Delhi: The US has denied allegations of bullying India to cut oil imports from Iran. Speaking exclusively to CNN-IBN's Suhasini Haider, US Ambassador Nancy Powell said one of their diplomats had been misquoted on the issue. Following is an excerpt of the interview: Suhasini Haider: India still faces financial sanctions from the US on the subject of Iran. India has month cut its oil imports by 34 per cent....
09:02 AM, May 16, 2012
New Delhi: Succumbing to US pressure, India has decided to cut crude oil import from Iran by over 11 per cent this fiscal to 15.5 million tons. India, which imports 80 per cent of its crude oil and relies on Tehran for 12 per cent of those imports, shipped 18.50 million tons of oil from Iran in 2011-12, Minister of State for Petroleum and Natural Gas RPN Singh said in...
02:13 PM, May 15, 2012
New Delhi: It is the third and final day of US Secretary of State Hillary Clinton's visit to India. She will hold a breakfast meeting with External Affairs Minister SM Krishna on Tuesday before heading back home. India is expected to seek clarity from the US on the bounty on Jamaat-ud-Dawa chief Hafiz Saeed. The Iran issue is also likely to be discussed. India runs the risk of facing sanctions...
07:45 AM, May 08, 2012
Washington: The US is in touch with several countries including India and Turkey to how to "significantly reduce" their dependence on Iranian oil to avoid American sanctions in this regard, a State Department official said. "We are working hard with India to see if we can help with regard to reducing the country's dependence and the dependence of any of the other countries on Iranian crude, and looking at alternative...
08:26 AM, Mar 23, 2012
Chicago: India has stood up to the US saying it will not cut its oil imports from Iran despite America and European Union's sanctions against Tehran. Finance Minister Pranab Mukherjee boldly made this clarification during his visit to the US on Sunday. Mukherjee's clarification came just a day before Foreign Ministers of the EU meet in Brussels on Monday to decide on the embargo. Washington wants buyers in Asia, which...
08:14 AM, Jan 30, 2012
