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Indian Oil PSUs raise import from Iran

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Oil and Petroleum Minister Dharmendra Pradhan

Iran becomes second largest oil supplier to India

Despite mounting pressure from US for reducing Iranian oil imports to “zero” by November 4 this year, Iran was the second largest oil supplier to Indian state owned refiners between April and June, replacing Saudi Arabia as companies took advantage of steeper discounts offered by Tehran.

This was disclosed by Oil and Petroleum Minister Dharmendra Pradhan on Monday in Lok Sabha. He said that the Indian oil imports from Iran in the first three months of this year have totalled 5.67 million tonnes, more than the 5.22 MT from Saudi Arabia, and less than only the 7.27 MT import from Iraq among the countries in the Middle East.

He was responding to a question from Supriya Sule (NCP) and Mullappally Ramachandran (Cong). Besides the Middle East, Indian crude imports come from countries including Nigeria, Venezuela, Egypt, and now, the United States.

Read More: Germany asks India to continue buying oil from Iran

He did not provide comparable numbers from the year-ago period. But statistics reveal that India imported about 3.46 million tonnes, or about 279,000 bpd, from Iran between April and June last year.

Oil and Petroleum Minister Dharmendra Pradhan

According to the reply by the minister, Indian Oil Corp, Chennai Petroleum Corp, Bharat Petroleum and its unit Bharat Oman Refineries Ltd, Hindustan Petroleum and Mangalore Refinery and Petrochemicals – shipped in 9.8 million tonnes of Iranian oil in 2017/18, about a quarter less than a year ago.

For this fiscal year, the refiners had decided to almost double imports from Iran, which offered almost free shipping and extended credit period on oil sales.

During April-June quarter Iraq remained to be the top oil supplier to India. New Delhi shipped in 7.27 million tonnes of oil from Iraq, while shipments from Saudi Arabia totalled 5.22 million tonnes, making it the third largest supplier.

Read More: Iran accuses India of bowing to US pressure, warns of withdrawing privileges if it cuts oil import

US has been exerting pressure on India and other major buyers of Iranian oil to cut imports from the country after Washington withdrew from multilateral Iran-nuclear deal signed in 2005 nuclear deal and decided to re-impose sanctions on Iran.

Read More: India under US pressure to cut oil imports from Iran, Govt says exploring all options

According to US administration the first set of sanctions will take effect on Aug. 6 and the rest, notably in the petroleum sector, following a 180-day “wind-down period” ending on Nov. 4.

Earlier Iran was the third largest oil supplier for India, after Iraq and Saudi Arabia. For Iran, India has been the second largest buyer of its oil after China.

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Reliance introduces Jio AI-Cloud Welcome offer with 100 GB free storage, to be launched in Diwali

Mukesh Ambani further mentioned that they plan to establish gigawatt scale AI-ready data centres in Jamnagar, powered entirely by Reliance’s green energy, reflecting on their commitment to sustainability and a greener future.

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Reliance introduces Jio AI-Cloud Welcome offer with 100 GB free storage, to be launched in Diwali

Reliance on Thursday introduced ‘Jio AI-Cloud Welcome offer’ at Reliance AGM. Mukesh Ambani said that the Jio users will get up to 100 GB of free cloud storage, to securely store and access all their photos, videos, documents, all other digital content, and data. He added that the company plans to launch the Jio AI-Cloud Welcome offer starting Diwali this year, bringing a powerful and affordable solution where cloud data storage and data-powered AI services are available to everyone everywhere.

While reflecting on the power of Artificial Intelligence (AI), he said that the true power of AI lies in making it accessible to everyone, everywhere. He added that with Jio’s AI Everywhere For Everyone vision, they are committed to democratising AI, offering powerful AI models and services to everyone in India at the most affordable prices. 

To achieve this, they are laying the groundwork for a truly national AI infrastructure, he continued. Mukesh Ambani further mentioned that they plan to establish gigawatt scale AI-ready data centres in Jamnagar, powered entirely by Reliance’s green energy, reflecting on their commitment to sustainability and a greener future.

Elaborating on what is new in JioTV+, Akash Ambani said that JioTV+ brings all entertainment—live TV, on-demand shows, and apps—together in one easy-to-use platform. He said that with JioTV+, one can get access to over 860 live TV channels, with all leading channels in stunning High Definition, plus the best content from apps like Amazon Prime Video, Disney+, and Hotstar—all in one place, adding that they have optimized JioTV+ for a super-fast channel switching experience.

Akash Ambani also unveiled the new Jio Phonecall AI, which allows users to use AI with every phone call. Jio Phonecall AI can record and store any call in Jio Cloud and automatically transcribe it, which means automatically convert it from voice to text. Furthermore, it can also summarize the call, and even translate it into another language. This allows anyone to easily capture and access important voice conversations, making them searchable, shareable, and understandable across languages, all with just a few clicks.

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Mamata Banerjee denies threatening doctors, says malicious disinformation campaign

Responding to BJP’s 12-hour long Bengal Bandh call, Mamata Banerjee claimed that Prime Minister Narendra Modi was using his party to cause a fire in Bengal over the Kolkata doctor rape and murder.

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Mamata Banerjee denies threatening doctors, says malicious disinformation campaign

West Bengal Chief Minister Mamata Banerjee denied claims accusing her of threatening doctors, and alleged that a malicious disinformation campaign was unleashed against her speech yesterday. 

The Chief Minister asserted that she did not utter a single word against medical students or their movement against the rape and murder of a doctor in Kolkata’s RG Kar Medical College and Hospital.

Taking to social media platform X, Mamata Banerjee said that she detects a malicious disinformation campaign in some print, electronic and digital media which has been unleashed with reference to a speech that she made in the party’s students’ programme yesterday.

She clarified that she did not utter a single word against the medical students or their movements. Terming the doctors movement genuine, she expressed her support to them. She also maintained that she never threatened the doctors, as some people are accusing, adding that the allegation is completely false.

However, she mentioned that she spoke against the BJP in her speech because they had been threatening democracy in West Bengal with the support of the Centre, and is trying to create anarchy. Mamata Banerjee in her speech on Wednesday said that she had been very patient during the entire episode, and urged the protesting doctors to return to work. Notably, the BJP claimed that she had threatened the doctors.

In the social media post, CM Banerjee also clarified that the phrase “phonsh kara” is a quote from Sri Ramakrishna Paramahansa Deva. She explained that the legendary saint had said that occasionally there is a need to raise one’s voice. She continued that when there are crimes and criminal offences, voices of protest have to be raised, and her speech on that point was a direct allusion to the great Ramakrishna’s saying.

Responding to BJP’s 12-hour long ‘Bengal Bandh’ call, Mamata Banerjee claimed that Prime Minister Narendra Modi was using his party to cause a fire in Bengal over the Kolkata doctor rape and murder.

She asserted that some people think this is Bangladesh, but they should remember Bangladesh is a separate country, and India is a separate country. Mentioning that PM Modi is using his party to cause fire in Kolkata, the Chief Minister said that if they burn Bengal, Assam, North-East, Uttar Pradesh, Bihar, Jharkhand, Odisha, then Delhi too shall burn, and they will topple his chair.

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Gujarat floods: Congress chief Kharge, Rahul Gandhi urge government to provide all possible assistance

“Our thoughts are with the affected people, who are in need of urgent food and medical assistance”, he said.

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Congress president Mallikarjun Kharge and Leader of Opposition in Lok Sabha Rahul Gandhi on Wednesday urged the government to provide all the possible assistance to people affected due to floods in Gujarat.

Expressing his concern over flood situation in Gujarat, Kharge said the flood situation in the state is extremely worrying as several people have lost their lives and are missing.

The Congress chief extended his condolences to the families of those who have lost their loved ones. “Our thoughts are with the affected people, who are in need of urgent food and medical assistance”, he said.

Kharge requested the Central government to ensure more NDRF & SDRF teams. He said, “We are proud of our Armed Forces and Coast Guard, who are undertaking rescue efforts”. Congress leaders and workers must coordinate all possible relief efforts, in this hour of tragedy, he said in a post on X.

Rain-related incidents claimed nine more lives in Gujarat, taking the death toll to 16 in two days, while another 8,500 people were relocated and rescued from flood-affected areas with rains continuing to lash some parts of the state for the fourth consecutive day on Wednesday, officials said.

Lok Sabha LoP Gandhi said that the flood situation in Gujarat is getting more severe day by day. He also expressed his condolences to the families who have lost their loved ones and whose property has been damaged in this disaster.

He wished for the speedy recovery of those who were injured due to natural calamity. An appeal is made to all Congress workers to provide all possible help to the affected people and the administration in relief and rescue work, he said in a post on X.

The government is expected to take all necessary steps to reduce the impact of this disaster so that the affected people can move towards reconstruction and rehabilitation as soon as possible, the Raebareli MP added.

Authorities are carrying out relief and rescue operations involving the National Disaster Response Force (NDRF), its state counterpart SDRF, the Army, the Indian Air Force and the Indian Coast Guard, while Prime Minister Narendra Modi called up Chief Minister Bhupendra Patel to take stock of the situation and to ensure Centre’s support in the crisis.

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