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OPEC ignores India’s call; Saudi asks New Delhi to use cheap oil it bought last year

International oil prices rose after OPEC and its allies ignored India's plea to ease production control, with Saudi Arabia asking New Delhi to instead use oil it bought at rock bottom rates last year. Brent crude, the most widely used benchmark, on Friday rose nearly 1 % to $ 67.44 a barrel after the Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, agreed not to increase supplies in April awaiting more substantial recovery in demand. India's Oil Minister Dharmendra Pradhan had in the run-up to Thursday's OPEC meeting urged the producers' group to ease production curbs to fulfil their promise of stable oil prices. He felt rising international oil prices were hurting economic recovery and demand. Responding to a question on India's pleas, Saudi energy minister Prince Abdulaziz bin Salman at a press conference after the OPEC+ decision on Thursday said New Delhi should take some of the crude out of storage that they had purchased ... » Learn More about OPEC ignores India’s call; Saudi asks New Delhi to use cheap oil it bought last year

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OPEC ignores India’s call; Saudi Arabia asks New Delhi to use cheap oil it bought last year to cool prices

International oil prices rose after OPEC and its allies ignored India's plea to ease production control, with Saudi Arabia asking New Delhi to instead use oil it bought at rock bottom rates last year. Brent crude, the most widely used benchmark, on Friday rose nearly 1 per cent to USD 67.44 a barrel after the Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, agreed not to increase supplies in April awaiting more substantial recovery in demand. India's Oil Minister Dharmendra Pradhan had in the run-up to Thursday's OPEC meeting urged the producers' group to ease production curbs to fulfil their promise of stable oil prices. He felt rising international oil prices were hurting economic recovery and demand. Responding to a question on India's pleas, Saudi energy minister Prince Abdulaziz bin Salman at a press conference after the OPEC+ decision on Thursday said New Delhi should take some of the crude out of storage that ... » Learn More about OPEC ignores India’s call; Saudi Arabia asks New Delhi to use cheap oil it bought last year to cool prices

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Is Khaleda Zia having a change of heart about India?

K haleda Zia, former prime minister of Bangladesh and the chairperson of the Bangladesh Nationalist Party, the main opposition party leading the 18-party alliance in Bangladesh, has drastically changed her party's anti-India stance. The right-wing political party's leader returned to Dhaka on November 3 from a week-long India visit that she termed as "highly successful". On Saturday, Zia met President Pranab Mukherjee. A statement from the President's Office said that Mukherjee praised the role of Khaleda as the opposition leader and as the former prime minister of Bangladesh. Mukherjee told Khaleda that New Delhi accorded highest importance to its relations with Bangladesh as a close neighbour and hoped that the diplomats of both countries will work sincerely to further strengthen the ties. Khaleda Zia responded by saying that her party is interested in establishing friendly relations with India. Before boarding her plane at for Dhaka on Saturday, Zia told ... » Learn More about Is Khaleda Zia having a change of heart about India?

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Oil guzzler India says OPEC+ decision to hit economic recovery

NEW DELHI: India , the world's third-biggest oil importer and consumer, on Friday said the decision by major producers to continue with output cuts as prices move higher could threaten the consumption led-recovery in some countries. The Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, agreed on Thursday not to increase supply in April as they await a more substantial recovery in demand amid the coronavirus pandemic. Crude prices rose after announcement and are up 33 per cent this year. Brent crude futures for May on Friday rose nearly 1 per cent, to $67.44 a barrel, and are on track for a near 2 per cent gain this week. "As one of the largest crude-consuming countries, India is concerned that such actions by producing countries have the potential to undermine consumption-led recovery and more so hurt consumers, especially in our price-sensitive market," Minister for Petroleum and Natural Gas Dharmendra Pradhan told ... » Learn More about Oil guzzler India says OPEC+ decision to hit economic recovery

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Modi meets ‘valued friend’ Hasina in New York

Prime Minister Narendra Modi on Thursday held a "productive meeting" his Bangladesh counterpart Sheikh Hasina in New York discussing bilateral ties. "Yet another productive meeting with PM Sheikh Hasina. We discussed India-Bangladesh ties," tweeted Modi. This is the third meeting between the two leaders in the recent months and came against the backdrop of settlement of the land boundary question. "After the business meeting, meeting with a neighbour and valued friend...," the PMO tweeted along with a photograph of the two leaders shaking hands. "Dhaka, New Delhi and now New York. PM @narendramodi meets with PM Sheikh Hasina of Bangladesh for a bilateral session," tweeted External Affairs Ministry spokesman Vikas Swarup. Modi had visited Dhaka in June this year during which the two countries signed the historic Land Boundary Agreement to finally put an end to the 41-year-old border dispute. Modi had then also announced a fresh $2 billion line of ... » Learn More about Modi meets ‘valued friend’ Hasina in New York

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In Dhaka, Hasina breaks protocol, receives Modi at airport

Prime Minister Narendra Modi on Saturday arrived in Dhaka to a red carpet welcome on his maiden visit which is expected to put ties with Bangladesh in a new trajectory, as the two sides will firm up a number of pacts to boost cooperation besides ratifying the long-pending Land Boundary Agreement. In a special gesture, Modi was received at the Hazrat Shahjalal International airport by Prime Minister Sheikh Hasina and a number of her Ministerial colleagues including Finance Minister AMA Muhith, Commerce Minister Tofail Ahmed and Agriculture Minister Moti Choudhury. Modi was given a guard of honour at the airport. Reflecting high expectations from the visit, the capital has been decked up with big hoardings carrying photographs of Modi besides life-size cutouts of him, West Bengal Chief Minister Mamata Banerjee and Hasina. Banerjee arrived in Dhaka on Friday night. "Leaving for Bangladesh. This visit is going to strengthen the bond between our Nations, benefitting people of our ... » Learn More about In Dhaka, Hasina breaks protocol, receives Modi at airport

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Why India must pay attention to Bangladesh

India is witnessing rising turmoil all around its borders and, therefore, a stable, moderate Bangladesh is in its long-term interests. Constructive Indo-Bangladesh ties can be a major stabilising factor for the south Asian region as a whole. It can’t afford to ignore Dhaka, says Harsh V Pant. P resident Pranab Mukherjee was in Bangladesh recently at a time of great political upheaval as the nation comes to terms with its identity. Despite widespread protests by by the opposition Jamaat-e-Islami and the Bangladesh Nationalist Party against an unprecedented Shahbag upsurge by those demanding the death penalty for the war criminals of 1971, Mukherjee stuck to his visit, sending a clear signal that India values strong ties with Bangladesh. Mukherjee also signalled that India remains committed to an early solution on the sharing of the waters of the Teesta river and the long-pending boundary issue. New Delhi has not been a great partner to Dhaka so far and by not signing the deals ... » Learn More about Why India must pay attention to Bangladesh

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‘Misleading, incorrect’: Govt’s strong rebuttal on democracy report downgrading India to ‘partly free’

#Sedition Most number of sedition cases filed in Karnataka: Rajya Sabha told #Sedition SC refuses to interfere with sedition law #Sedition Pro-Pakistan slogans: 'Woman charged with sedition had links with Naxals in the past' #Sedition 19 persons arrested on charges of sedition at Azamgarh #Sedition Karnataka school headmistress, parent arrested for "abuse" of PM Modi in drama #Sedition Bidar school faces sedition charge for 'portraying PM Modi in poor light' For Quick Alerts Subscribe Now India - 11,173,761 | World - 116,207,995 View Sample For Quick Alerts ALLOW NOTIFICATIONS For Daily Alerts Just In 12 min ago India on track to achieving climate goals: PM Modi at CERAWeek 2021 27 min ago Actor Mithun Chakraborty may join BJP at PM Modi's Kolkata rally on Mar 7 29 min ago Nearly 14 lakh inoculated against COVID-19 on Thursday, ... » Learn More about ‘Misleading, incorrect’: Govt’s strong rebuttal on democracy report downgrading India to ‘partly free’

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New opportunities growing for students, young scientists with focus on higher education, research, innovation: PM Narendra Modi

New Delhi : Prime Minister Narendra Modi on Wednesday (March 3, 2021) said that new opportunities are growing for the students and young scientists with a constant focus on higher education, research and innovation. PM Modi said, "India is among the world's top 50 innovative countries in the Global Innovation Index and is doing better continuously. With the sustained promotion of higher education, research and innovation, new opportunities for our students and young scientists are developing very much. And the good thing is that there is satisfactory growth in the participation of daughters in R&D." The Prime Minister's comments came during his address at a webinar on effective implementation of Budget provisions regarding the education sector. Discussing the steps taken in this year’s Budget for the education sector. https://t.co/2WpBqIAdFL — Narendra Modi (@narendramodi) March 3, 2021 He stated that the second biggest focus after health in this year's ... » Learn More about New opportunities growing for students, young scientists with focus on higher education, research, innovation: PM Narendra Modi

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Why India must not tinker with B’desh border deal

By revising the India-Bangladesh land boundary agreement, the NDA is going for short-term gains and losing the long-term perspective, says Gautam Sen. T he Union Cabinet has cleared a Constitution amendment bill on a modified land boundary agreement with Bangladesh, excluding the exchange of enclaves and territories in adverse possession in the Assam segment. Bangladesh’s Minister of State for Foreign Affairs Mohammad Shahriar Alam is reported tohavestated to themedia that Dhaka is not yet clear on this issue. It is clear that political compulsions of the Bharatiya Janata Party which dominates the National Democratic Alliance government,inthe context of the assembly elections in Assam next year, has driven the government to decide against an LBA as it has been originally framed to encompass the entire India-Bangladesh border. The BJP does not want to be seen as compromising on surrender of excess Indian land in Assam to Bangladesh. Sheikh Hasina’s Awami League-lead ... » Learn More about Why India must not tinker with B’desh border deal

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