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.
China is likely to object strongly to the sanctions. However, it's unlikely to have a major impact on those targeted as there’s faint chances of them having financial ties with US.
Global banks could also be at risk from the new sanctions since Chinese officials, their relatives and associates may also be their customers, analysts said.
Given Iran's longstanding ambitions for dominance of Middle East, its trade revenues would have gone into military spending in absence of economic sanctions
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.
Iran foreign minister Mohammad Javad Zarif arrived in New Delhi Tuesday, less than two weeks after the US ended the exemptions from sanctions granted to India to import oil from Iran.
Bihar is blessed with a land more fertile for revolutions than any in India. Why has it fallen so far behind then? Constant obsession with politics is at the root of its destruction.
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