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.
Tag: P. Chidambaram
India’s anti-terror intelligence hub cleared
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•“The government has granted in principle approval for the MHA’s (Ministry of Home Affairs) proposal to set up (the National Counter-Terrorism Center),” Chidambaram told reporters in New Delhi.
Combative Indian Army chief leaves age row open
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•Asked if he would indeed resign, Singh retorted: “Please leave it to my judgement on what I want to do. It concerns me and I may decide on my action after thinking over it whenever I get the time.” Soon, another question popped up: Is this your last Army Day press conference as army chief? General Singh’s enigmatic reply: “I don’t know.”
ULFA to open unconditional talks
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•The outlawed United Liberation Front of Asom (ULFA) Saturday said unconditional peace talks with the central government will begin Feb 10, in a move that may bring the curtains down on more than three decades of insurgency in Assam.