An ideological affiliate of India’s governing Bharatiya Janata Party (BJP) advised Prime Minister Narendra Modi to reconsider New Delhi’s decision to ignore US demands not to purchase oil from Iran as it would represent a strategic setback for India.
Iranian and Turkish banks are working on a plan to establish a financial channel between the two countries based on national currencies, in a bid to evade US sanctions against Tehran, Secretary of the Joint Iran-Turkey Economic Commission Bahman Hosseinpour said.
Indian Finance Minister Nirmala Sitharaman announced a slew of measures to boost the economy, including a new scheme to refund taxes and duties on exports, easier export credit and additional funding for exporters under the revised priority sector lending norms.
Iran’s National Water and Wastewater Engineering Company (NWWEC) will unveil the country’s biggest portable power plant in October before the 15th Iran International Water and Wastewater Exhibition ends on October 3 in Tehran.
Kerman Province’s Baft Steel Complex, with a total investment of $134 million, is ready for official inauguration, announced the head of Iranian Mines and Mining Industries Development and Renovation Organization (IMIDRO).