India – Cuba Line of Credit
India offered Cuba lines of credit and expertise for the development of renewable energy projects, as the Cuba sought to diversify energy mix by exploiting its renewable energy resources, especially in wind and bagasse-based cogeneration projects, thereby reducing its dependence on oil imports. The offer was extended during meetings between Minister of New and Renewable Energy Farooq Abdullah and Cuban leaders at Havana. The details of how much line of credit India had offered to Cuba was not specified.
India- Iran oil trade glitch
The new government in Iran under Hassan Rouhani withdrew all crucial oil and gas concessions that had been promised to India by its predecessor, Mahmoud Ahmadinejad. Tehran would not accept the entire payment for crude oil imported by India in rupees as agreed in July and required India to renegotiate the terms and revert to majority euro payment. India had banked on 100 per cent rupee payment for Iranian crude to cut its forex outflow.
Sudan’s President may attend UN gathering
Sudan’s President Omar Hassan al-Bashir would be the first head of state to address the annual U.N. gathering of world leaders in New York while facing international war crimes and genocide charges linked to the conflict in the western Darfur region of Sudan. Indicted as a war criminal, Bashir had applied for a U.S. visa; however, the U.S. government condemned his visit. US Ambassador to the UN, Samantha Power suggested Bashir travel to The Hague and surrender to the ICC (International Criminal Court) instead. However, the US, as the host country for the world body, was obligated to grant entry visas for leaders it considered illegitimate or worse.
Daily updates are brought to you by Divya Gangadar at the Takshashila Institution.
Follow The Broad Mind on twitter @INIBroad_Mind
If you would like to receive the Daily Update via email, please leave a comment on this post with your ID.