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India offers $11 billion to develop Iranian gas field

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India offers $11 billion to develop Iranian gas field

[vc_row][vc_column][vc_column_text]ONGC to lead the consortium

With lifting of UN sanctions  following Iran’s compliance with conditions stipulated for its nuclear deal with six world powers, India has expressed its willingness to spend 11 billion dollars to develop giant Iranian natural gas field and build infrastructure to export fuel as long as Tehran guarantees “reasonable return”.

According to Bloomberg, ONGC Videsh Ltd has offered to invest as much as six billion dollars on the Farzad-B field and spend remaining amount to build liquefied natural gas (LNG) export facility.

Narendra Kumar, Managing Director of the overseas investment unit of ONGC shared this information. The group is seeking a return of about 18 percent and Indian companies are willing to buy all the gas exported from the project. He was quoted as saying, “We have told the Iranian authorities very clearly that some basic returns are necessary.”

India is presently the fourth largest LNG buyer and seeks to sign a long-term deal to meet the growing demand. It found an opportunity in Iran, now emerging out of its isolation with gradual lifting of UN sanctions after signing of nuclear deal. The two countries were supposed to conclude a deal in February this year for developing the gas field which India believes holds 19 trillion cubic feet of gas reserves. India has been trying to secure development rights to the Farzad-B gas field since 2009.

ONGC Videsh and Indian Oil each own 40 percent interest in the Farsi block that holds Farzad-B field, while Oil India has 20 percent share.

Prime Minister Narendra Modi, during his Tehran visit in May last year, had signed a historic deal with Iranian President Hassan Rouhani and Afghan President Ashraf Ghani to develop the strategic Iranian port of Chabahar. This will directly connect India to Afghanistan and reach to Central Asian countries and Europe through north-south business corridor.

India-Iran bilateral trade during the fiscal 2014-15 was 13.3 billion dollars. India imported 8.89 billion dollars worth of goods mainly crude oil and exported commodities worth 4.17 billion dollars.[/vc_column_text][/vc_column][/vc_row]

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Manipur CM Biren Singh says state needs immediate peace, understanding between two communities

He claimed that the administration is responding quickly to the displaced people’s needs in areas such as education and agriculture.

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Manipur Chief Minister N Biren Singh on Wednesday emphasised the urgent need for peace in the state, which has faced ethnic violence since May of last year, and called on two communities to reach a mutual understanding.

Speaking at the Good Governance Day event held at the state BJP headquarters, Singh expressed confidence that the BJP could restore stability to the northeastern state, highlighting the party’s commitment to coexisting harmoniously.

“What is happening in Manipur today has multiple causes. Those who seek to divide the state are now questioning the government’s actions… they are driven by a desire for power,” Singh remarked.

He mentioned several initiatives, such as ‘Meeyamgi Numit’ (People’s Day), designed to foster closer relationships between officials and the public. “We do not oppose any specific community. The BJP’s position is clear: we advocate for the idea of living together and have initiated efforts to strengthen ties between the police and the community,” he stated.

Singh added that the state government is diligently addressing the needs of internally displaced persons by establishing committees throughout the administrative framework. He claimed that the administration is responding quickly to the displaced people’s needs in areas such as education and agriculture.

“We have not made any mistakes. Our goal is to ensure the well-being of future generations. It is essential for both communities to remain calm. Rather than dwelling on the past, we should concentrate on the upcoming NRC process, capturing biometrics, and using 1961 as the foundation year for the Inner Line Permit,” Singh said.

He also highlighted the government’s commitment to acting within a democratic and constitutional framework, noting that achieving these goals will take time. “What we require now is immediate peace and a resolution of misunderstandings between the two communities,” he concluded.

The ongoing violence has resulted in the deaths of over 250 individuals and left thousands homeless due to clashes between the Meitei community and Kuki-Zo groups since last May.

“Only the BJP can save Manipur. BJP leaders possess strong values of nationalism and social justice, practicing reality-based politics in the nation’s interest. If I am not nominated for a ticket by the BJP, I will remain loyal to the party,” Mr. Singh added.

He also highlighted several unity-focused projects initiated by the BJP government, mentioning that a Unity Mall featuring stalls from all ethnic groups in the state will be constructed with an investment exceeding ₹140 crores.

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Pushpa 2 makers, Allu Arjun announce Rs 2 crore aid to stampede victim’s family

After consulting with the doctors, Allu Aravind expressed relief upon learning that the boy is recovering and is now able to breathe independently.

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Pushpa 2 makers, Allu Arjun announce Rs 2 crore aid to stampede victim’s family

Film producer Allu Aravind, also father of Pushpa 2 actor Allu Arjun, on Wednesday announced financial support totalling Rs 2 crores for the eight-year-old boy injured in the December 4 Sandhya Theatre stampede.

The unfortunate incident, which occurred during Allu Arjun’s visit to the theatre for a Pushpa 2 premiere, claimed the life of the boy’s 35-year-old mother. Allu Arjun is now facing charges in the case, and was questioned by police on Tuesday regarding his involvement.

Reportedly, the veteran producer along with Dil Raju and others, visited the private hospital where the boy injured in the stampede is being treated. After consulting with the doctors, Allu Aravind expressed relief upon learning that the boy is recovering and is now able to breathe independently.

Speaking to the media, Allu Aravind said that the boy, Sri Teja, is recovering, and is not on a ventilator. He added that to support the family, they should support him with Rs2 crore: Rs 1 crore by Allu Arjun, Rs 50 lakh by Mythri Movie Makers, and Rs 50 lakh by director Sukumar. He further mentioned that they will give this money through Telangana Film Development Corporation Chairman Dil Raju.

When questioned if he had visited the boy’s family, Aravind explained that he cannot interact with the family due to the legal problems. With the police permission, once, 10 days back, he visited him. He was then recovering, he continued.

Meanwhile, producer and Telangana Film Development Corporation (FDC) chairman Dil Raju also addressed the media, stating that there is a meeting planned tomorrow with Chief Minister Revanth Reddy, and they have taken an appointment. He added that they have invited most of the prominent members of the industry.

Earlier on Tuesday, the father of the eight-year-old boy injured in the December 4 stampede during the screening of Pushpa 2 said that the boy has shown improvement and is now off oxygen and ventilator support. He added that while the boy’s condition has improved, full recovery will take time, according to doctors.

He further shared that he received a Rs 10 lakh cheque from Pushpa star Allu Arjun, along with additional assistance from the film’s production team and Telangana Cinematography Minister Komatireddy Venkat Reddy.

Speaking about his willingness to withdraw the complaint, he clarified that he received support from Allu Arjun’s team the day after the incident and emphasized that there was no pressure on him to drop the case.

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Man sets himself on fire near Parliament building, rushed to hospital: Delhi Police

The exact reason will be unearthed only after the investigation.

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A man on Wednesday set himself afire near the Parliament in Delhi. He was immediately rushed to the RML hospital after he sustained severe injuries. The police have started an investigation into the matter.

The area where the man attempted to set himself on fire has been cordoned off. A forensic team is also present at the spot to investigate which substance he doused on himself before setting himself on fire.

Delhi Police stated that the man has been identified as Jitendra from Uttar Pradesh’s Bagpat. They said the reason behind the suicide attempt seems to be related to personal enmity in Bagpat. The exact reason will be unearthed only after the investigation.

“Today one person probably Jitendra of Uttar Pradesh’s Bagpat set himself on fire in roundabout rail Bhavan. The local police and railway police along with some civil persons immediately extinguished the fire and the person was sent to hospital. The issue as we can decipher is probably related and personal enmity in Bagpat. Further investigation is on,” Delhi Police said.

“The local police, railway police, and some civilians quickly managed to extinguish the flames, and the man was sent to the hospital. Preliminary findings suggest the incident may be linked to personal enmity in Bagpat. Further investigations are ongoing,” the police statement said.

In another similar incident, a man from Rohini set himself on fire outside the Transport Bhawan near the Parliament in April, 2023. The man was reportedly raising slogans against Prime Minister Narendra Modi and in support of Congress leader Rahul Gandhi.

He had lost his job during the lockdown imposed during the pandemic. He doused himself with an inflammable liquid as he shouted slogans and set himself afire. He was rescued immediately by police personnel in the area and taken to a nearby hospital. The man had sustained 50 per cent burns in the incident, according to reports.

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