Us sanctions against iran

        With Iran failing to clear their pending dues for the last eight months, rice traders in Haryana are reluctant to export this season’s produce to the country, fearing more defaults. As per information, Iran owes about ₹1,200 crore to the state’s farmers. Adding to their apprehension is the fact that Basmati price have seen a steep fall this season.This development is likely to affect rice traders of the country, especially Haryana, adversely as Iran is the biggest consumer Indian aromatic Basmati rice as it imports about 20-25% of India’s total rice exports of 4.5 million tonnes every year.Haryana’s rice traders say that payment of about ₹1,200 crore was stuck in Iran since May this year when India stopped importing oil from the country due to US sanctions. Though the Iran government had started to clear pending payments, it stopped after clearing dues to the tune of ₹100 crore.The traders say that the delay has … [Read more...] about Iran’s payment default leaves rice traders apprehensive about further export

Email Updated November 04, 2018 01:57:41 Photo: HBO said it was not aware of Mr Trump's messaging. (Twitter: Donald J Trump) Related Story: US targets arms program with strongest sanctions since scrapping Iran deal When US President Donald Trump took the unusual step of using a Game-of-Thrones-inspired meme to announce the restoration of oil sanctions for Iran, HBO — which produces the TV series — was not amused.The former reality show star tweeted a picture of himself with the words, "Sanctions are coming — November 5" written in text reminiscent of the Game of Thrones title font."Winter is coming" is a famous catchphrase from the popular drama series.HBO responded with a tweet of its own: "How do you say trademark misuse in Dothraki?" referencing one of the languages in the show.In a statement to Entertainment Weekly, the network said: "We were not aware of this messaging and would prefer our trademark not be misappropriated for political purposes."The oil … [Read more...] about Donald Trump’s use of Game of Thrones meme to announce Iran sanctions rankles HBO

Even after subsidy sharing, the net realised price for ONGC and Oil India would still be above $52 going up to $56 even, says Vikas Halan, Sr VP, Moody's Investors, talking to ET Now. The subsidies in Q4 for subsidised LPG and kerosene to touch Rs 9000 crore while the total budgeted allocation is Rs 24,000 crore.Edited excerpts: On 11th of May a day ahead of the Karnataka Elections, we at ET Now talked about how suddenly the Rs 24,000-crore allocation for subsidy seems insufficient. The markets are now wondering who is going to bear the brunt of all of this. If it is not the government, it could be the oil marketing companies or it could be the upstream companies. In your reports you have talked about it. Are you guys factoring in that ONGC and Oil India may be asked to pay up? Yes, we published a couple of reports this morning. One on how the subsidies actually work in India and how they compare to the rest of the region. The report that you are talking about is on ONGC and Oil … [Read more...] about ONGC, Oil India could help government meet shortfall due to oil price rise by subsidy sharing: Vikas Halan, Moody’s

Beijing: China on Thursday warned retaliation for US President Donald Trump's order that effectively barred Chinese telecom giant Huawei from the US market, saying Beijing will take necessary measures to safeguard rights and interest of its business firms. Escalating the bruising trade war with China, President Trump signed an executive order on Wednesday barring American companies from installing the foreign-made telecom equipment posing a national security threat, a move apparently aimed at banning Huawei from US networks. Trump's decision risks escalating tensions with China as the world's two largest economies clash over whether Huawei - the world's largest provider of telecommunications equipment - poses a spying risk to Western infrastructure networks. The US and China are already locked in a trade battle that has seen mounting tariffs, sparking fears the conflict will damage the global economy. Reacting sharply to Trump's move, Chinese Foreign Ministry spokesman Lu Kang told a … [Read more...] about China warns retaliation against Donald Trump’s move to ban Huawei in US

WASHINGTON: The Pentagon is considering sending several thousand additional troops to the Middle East to help deter Iranian aggression, amid reports of escalating violence in Iran and continued meddling by Tehran in Iraq, Syria and other parts of the region. John Rood, defense undersecretary for policy, told senators Thursday that Defense Secretary Mark Esper "intends to make changes" to the number of troops deployed in the region. Other officials said options under consideration could send between 5,000 and 7,000 troops to the Middle East, but they all stressed that there have been no final decisions yet. The officials spoke on condition of anonymity to discuss internal deliberations. The troop deliberations follow several decisions since spring to beef up the US presence in the Middle East because of a series of maritime attacks and bombings in Saudi Arabia that the US and others have blamed on Iran. President Donald Trump has approved those increases, even though he also routinely … [Read more...] about US considers sending several thousand more troops to Middle East