Fri, Dec 07, 2018
India will import crude oil from Iran using a rupee-based payment mechanism, an industry source involved in discussions told Reuters.
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Wed, May 25, 2016
"We have been very clear with the Indians (about) continuing restrictions on activities with respect to Iran," Nisha Desai Biswal, Assistant Secretary of State for South and Central Asian Affairs, said on Tuesday.
Mon, May 23, 2016
India finds itself in the long queue of global economic powerhouses that wish to avail the new opening between Iran and the international community. But India’s proximity and mutual interests of the two countries indicates that the time is ripe for a fundamentally new beginning in Tehran-Delhi relations.
India and Iran today inked a dozen agreements ranging from a contract to develop the strategic Chahabar port to an initial pact to set up an aluminium plant and one on laying a railway line to give India access to Afghanistan and Central Asia.
India and Iran on Monday, the second day of Prime Minister Narendra Modi`s official visit to this Persian Gulf nation, signed 12 agreements, including three on development of the Chabahar port for enhanced connectivity.
"As friends and neighbours, we have shared interest in each other`s growth and prosperity, and joys and sorrows," Modi said.
It is PM Modi's first visit to Iran and the trip is expected to boost the trade and economic ties between the two countries.
Sun, May 22, 2016
PM Modi is expected to sign a number of important economic documents, including a preferential trade agreement, a pact on avoiding excessive taxation in bilateral trade, among others.
There will also be a pact on avoiding excessive taxation in bilateral trade, supporting mutual investments besides cultural and tourist accords.
Tue, May 03, 2016
"Although we believe there is no interest due, but as a goodwill gesture oil companies have agreed to pay the interest rate," a Finance Ministry official said. "Seven days US Libor plus 75 basis points equals to an interest rate of about 1.5 %."
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