India is unable to develop the Chabahar-Zahedan rail link under the second phase of the project due to US sanctions. Iran says there's ‘no limit’ to its relations with New Delhi.
Jaishankar is expected to meet Iranian President Hassan Rouhani days after the US provided a rare exemption to India from sanctions on the Chabahar port in Iran.
Iranian Ambassador to India Ali Chegeni has said Tehran may look at other markets to procure soymeal, rice if India does not resume normal trade ties with Iran.
The fund allocation for Chabahar Port in Iran, which India is developing, was slashed by more than half to Rs 45 crore from Rs 150 crore in this Union Budget.
European, Chinese suppliers of equipment are reluctant to deliver as they fear adverse impact on their business with US after it imposed sanctions on Iran.
India’s policymakers need to ensure that labourers, and milk and newspaper delivery workers, do not have to sacrifice food just to keep a roof over their heads.
In the latest budget, the FDI limit was increased to 100 percent, but most foreign companies are not buying such large stakes in the Indian insurance sector.
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As Narendra Modi becomes India’s second-longest consecutively serving Prime Minister, we look at how he compares with Indira Gandhi across four key dimensions.
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