Iran says no emergency in getting oil dues of over Rs 41,000 crore from India
Source: PTI Ruling out any 'emergency or urgency' in getting back $6.5 billion oil import dues from India, Iran today proposed that a part of this corpus can be invested in Indian projects there -- assuaging concerns that an immediate payment outgo might hit India's forex reserves. Hopeful that a "settlement" can be reached on how to clear these dues, Iran has also proposed delegation-level visits and discussions to iron out the issues in this regard. The assurance by Iranian Ambassador to India, Gholamreza Ansari, assumes significance as there were concerns that India might have to make immediate payments to clear these dues after lifting of the Western sanctions on Iran. The dues have been pending largely because of curbs on ...
