"India's Efforts to Secure Affordable Russian Oil Amid Tightening Sanctions" India’s state-owned refiners are expediting payments for Russian crude oil to complete transactions before expanded US sanctions take effect. These refiners now settle payments within two days instead of the usual five, aiming to secure discounted Russian oil while navigating an increasingly restricted global trade environment. The urgency stems from Washington's announcement of stricter sanctions targeting Russia’s oil industry, which are set to take effect next month. Refiners are keen to ensure transactions are completed during the “wind-down” period allowed for pre-sanctioned cargoes. At least 4.4 million barrels of Russian oil are en route to Indian ports like Jamnagar, Chennai, Paradip, and Visakhapatnam. Among these shipments is the tanker Mercury , carrying over 1 million barrels of Russian Urals crude, expected to arrive in Paradip soon. This vessel loaded its cargo in mid-December ...
Prime Minister Narendra Modi stated that the next 25 years are crucial for India, and it is essential for the country to become prosperous and developed. He emphasized drawing inspiration from Sardar Vallabhbhai Patel to achieve this goal. PM Modi paid respects to Sardar Patel at the Statue of Unity in Gujarat's Narmada district on his birth anniversary and addressed the audience there. Born in Gujarat in 1875, Patel was a lawyer who became an important Congress leader and worked closely with Mahatma Gandhi during the fight for independence. As the first home minister of independent India, he played a crucial role in bringing together many princely states into the Union. He achieved this by using a combination of gentle persuasion and firmness. "There came a period of 25 years preceding the country's independence during the last century when every Indian exhausted himself to achieve independence. Now we are faced with a similar 'Amrit Kaal' of the next 25 years for...