English हिन्दी
Connect with us

India News

Iran: More Indian ports may transit through Chabahar port

Published

on

Iran: More Indian ports may transit through Chabahar port

Iranian minister appreciates India’s railway development

In a major development, Iranian ambassador Gholamreza Ansari has said that Chabahar port has positively improved transportation activities between the two countries and will open door to transit cooperation with more Indian ports.

Ansari made these remarks on Friday while talking to IRNA, at New Delhi, at the sidelines of a meeting between Abbas Akhundi, the visiting Iranian Minister of Road and Urban Development and Suresh Prabhu, Minister of Railways.

Iran’s minister attended a marketing event for Chabahar port being jointly developed by the two countries.  The two sides discussed the proposed $ 6 billion MoU for producing 200 locomotives and freight wagons worth $6 billion.

The envoy said he was positive on the outcome of future collaboration between the two countries in transportation areas. He said that successful development of the Chabahar port will lead to the establishment of links with other Indian ports as well.

Ansari said that generally speaking, the discussion between the two sides were very constructive. He voiced his hope that the MoU will be finalized soon and become operational during the coming high level meetings.

Iranian ambassador appreciated India’s stance saying ‘Fortunately, the Indian government has announced that it will provide the necessary funding for joint projects between India and Iran so there is no challenge in the bilateral.”

However, he said the biggest obstacle on the implementation of agreements of this scale would normally be the financial support that must be given to them.

Iran has been facing the issues in international funds transfer due to US sanctions against. India owes huge Iranian money for purchasing oil from that country.

Iran: More Indian ports may transit through Chabahar portAccording to IRNA, the first phase of Chabahar port development project is of prime importance for both Iran and India. India sees Chabahar Port as a golden opportunity to enhance its regional role and cooperation, the report said.

In October last year, India sent first shipment of 110,000 tonnes of wheat to Afghanistan through the Iranian port under a trilateral transit and trade agreement signed in May 2016 among India, Iran and Afghanistan.

In early December Iranian President Hassan Rouhani inaugurated the first phase of Chabahar port. The ceremony was attended by 60 foreign guests from 17 countries. Minister of Finance and Shipping R. Ponniah Ayyappan Radhakrishnan attended the ceremony.

Foreign Minister Sushma Swaraj also made a stopover in Tehran, while returning from Sochi, Russia, on December 2, a day before the inauguration of the port. According to MEA sources, she discussed with her Iranian counterpart Javad Zarif the “inauguration of Chabahar port,” which will openAfghanistan and Central Asia to Indian commerce.

India has committed $500 million to building two berths at Chabahar to process trade and develop an economic zone around them, as well as $1.6 billion for a 650-km rail link from Chabahar to Zahedan and into Afghanistan. Iran is completing the current construction at Chabahar at a cost of $340 million.

Outlining the outcome of his visit to India, Iranian Minister said that two countries have agreed to sign agreements worth 2 billion dollars in railway transportation and Chabahar Port development project.

He said that three important issues, including the development of the Chabahar to Zahedan railway, production of 200 locomotives for freight trains and joint production of rails were discussed between the two countries.

Regarding the development of Chabahar to Zahedan railway, he said that “The officials of the Indian company which is involved in this project visited Iran last week to make the necessary inspections and came back to their officials with proposals about the development of the railroad link.”

Regarding the production of 200 locomotives for freight trains, the Iranian minister said, ‘It was an important deal between India and Iran. India is ready to fund the project.’ A portion of the locomotives will be produced in Iran while the total estimated cost for the project would be 600 million dollars.

He appreciated India’s advances in railway sector saying” India has immensely focused on developing its railway industries and has up-to-date technologies, so co-operating with India for Iran means gaining access to the latest technology in the world in this particular field.’

India News

Lok Sabha clears bill to levy cess on pan masala and similar goods for health, security funding

The Lok Sabha has passed a bill to impose a cess on pan masala manufacturing units, aiming to create a dedicated revenue source for public health and national security initiatives.

Published

on

Nirmala Sitharaman

The Lok Sabha has approved the Health Security se National Security Cess Bill, 2025, paving the way for a new cess on pan masala manufacturing units. The legislation aims to generate dedicated funds for strengthening national security and improving public health, both areas identified as critical national priorities.

Bill aims to create predictable funding stream

Finance Minister Nirmala Sitharaman, responding to the debate before the bill was passed by voice vote, said that the cess will be shared with states because public health falls under the state list.

The new cess will be applied over and above the GST, based on production capacity and machinery used in units manufacturing pan masala and similar goods. The minister clarified that this cess will not affect GST revenue, and that pan masala already attracts the maximum GST slab of 40 per cent.

According to the bill text, the objective is to build a “dedicated and predictable resource stream” to support expenditure related to health and national security.

Sitharaman also mentioned that cess collection as a percentage of gross total revenue currently stands at 6.1 per cent, lower than the 7 per cent average between 2010 and 2014.

Continue Reading

India News

Simone Tata passes away at 95: A look at the visionary who shaped Lakme and modern retail

Simone Tata, the pioneering business leader who built Lakme and helped shape India’s modern retail sector, passed away at 95. Here’s a look at her legacy.

Published

on

simone tata

Ratan Tata’s stepmother and celebrated business leader Simone Tata passed away on December 5, 2025, at the age of 95. Known for her pioneering role in building Lakme and transforming India’s retail landscape, she leaves behind a remarkable legacy that redefined Indian consumer culture.

A legacy that shaped Indian business

Simone Tata, born in Geneva in 1930, first came to India at the age of 23. Two years later, in 1955, she married Naval H. Tata and gradually became an integral part of the Tata family’s business vision. Her journey with the Tata Group began in the 1960s, when she was appointed to Lakme—then under Tata Oil Mills.

Under her leadership, Lakme quickly grew into one of India’s most trusted cosmetic brands. She rose to the position of managing director and later chairperson, introducing global formulations and modernising beauty products for the Indian market. Lakme’s rise was also rooted in a strong national vision—launched on former Prime Minister Jawaharlal Nehru’s suggestion to reduce foreign exchange spent on imported makeup.

Transforming retail through Trent and Westside

After Lakme was sold to Hindustan Lever Limited in 1966, Simone moved to Trent, where she helped build one of India’s earliest modern retail chains. This later gave birth to Westside, a brand that has become synonymous with contemporary Indian shopping culture.

She also played a key role in philanthropic initiatives, guiding organisations such as the Sir Ratan Tata Institute and supporting cultural and children-focused foundations.

Family, personal life and final farewell

Simone Tata is survived by her son Noel, daughter-in-law Aloo Mistry, and grandchildren Neville, Maya and Leah. She also drew public attention in recent years for being the only member of the Tata family to attend Cyrus Mistry’s funeral, despite the widely known strained ties between the families.

Her funeral will take place on Saturday morning at the Cathedral of the Holy Name Church in Colaba, Mumbai.

Continue Reading

India News

Centre orders probe into IndiGo crisis, expects normal flight operations in three days

Amid record cancellations by IndiGo, the Centre has ordered a high-level inquiry and expects flight schedules to stabilise by Saturday, with full normalcy in three days.

Published

on

indigo

The Centre has initiated a high-level inquiry into the massive disruption of IndiGo’s operations, with the government projecting that flight schedules will begin stabilising by Saturday and full normalisation is expected within three days. The announcement comes as cancellations by the airline crossed 500 for the second consecutive day, severely impacting passengers across major airports.

Civil Aviation Minister Ram Mohan Naidu said the government has directed urgent measures to ensure swift restoration of services. Within minutes of his statement, the aviation regulator DGCA announced the formation of a four-member committee to examine the circumstances leading to the delays and cancellations.

DGCA forms committee as cancellations spark scrutiny

The DGCA said IndiGo was given sufficient time to implement revised Flight Duty Time Limitations (FDTL), yet the airline recorded the highest number of cancellations in November. The regulator added that the pattern suggested gaps in the carrier’s internal oversight and preparedness, warranting an independent probe.

The committee will review the sequence of events that triggered disruptions and recommend measures to prevent a recurrence.

Flight duty rules relaxed; minister defends move

Amid criticism from the Opposition and experts, the DGCA temporarily suspended certain FDTL rules, increasing pilot duty limits from 12 to 14 hours. The changes were widely questioned, with allegations that the government was yielding to pressure from IndiGo.

Naidu defended the decision, stating the move was taken solely to safeguard passengers and that safety standards would not be compromised.
He reiterated that passenger care and convenience remain the top priority.

Assurance of refunds, real-time updates, and support

Highlighting steps taken to ease passenger distress, the minister said airlines must:

  • Provide accurate, real-time updates before travellers leave for airports
  • Initiate automatic refunds for cancelled flights without requiring follow-ups
  • Arrange hotel accommodation for passengers stranded for extended periods

Senior citizens and persons with disabilities have been accorded special priority, including access to lounges and additional assistance. Refreshments and essential services are to be provided to all affected travellers.

Inquiry to determine accountability

The government said the high-level probe will identify what went wrong at IndiGo, establish responsibility, and recommend systemic corrections to ensure such disruptions do not occur again.

Continue Reading

Trending

© Copyright 2022 APNLIVE.com