India pays for Iranian oil in rupees deposited in an Iranian government bank account in UCO Bank’s Kolkata branch, which the Iranians then use to pay Indian exporters who supply agricultural produce like wheat and other goods to Iran.
Month: August 2013
Sujatha’s quiet trip to Afghanistan
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•India, China joint army exercise in November
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•The Indian Army has firmed up dates for a joint exercise with the Chinese People’s Liberation Army (PLA). The exercise will be held from November 04 to November 14 at the Chengdu Military Region in China. Indian Prime Minister Manmohan Singh is also expected to visit China towards the end of the year. He may…
Awarded for Gallantry
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•US sharply hikes M-777 artillery price for India
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•Navy issues medium range aircraft tender
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•India offers confused response to Poonch killings
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•Profile: Pak president elect Mamnoon Hussain
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•Sujatha Singh, Foreign Secretary
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•.StratPost had reported in June that Singh was to be the next foreign secretary of India, at a time when many media outlets had reported that India’s envoy to Beijing S. Jaishankar would pip her to the post.