'Govt pursuing import of natural gas from Iran'

New Delhi: The government is pursuing the import of natural gas from Iran under the Iran-Pakistan-India project in national interest, reports PTI.

"This is in order to enhance the energy security of the country. India has proposed holding meetings of Indo-Iran Joint Working Group on oil and gas and Indo-Iran special joint working group on the project," minister of state for petroleum and natural gas Jitin Prasada informed the Rajya Sabha today.

He said during Question Hour that US officials have from time to time drawn the attention of the government to implications of sanctions by UN Security Council and also US domestic laws on projects like the Iran-Pakistan-India (IPI) gas pipeline project.

To a supplementary, Prasada said the IPI project is not on the backburner.

"We are making all efforts. The project is not sidelined.

Three nations are involved and many technical aspects are being discussed. Till we are not assured about issues like pricing of gas, delivery point of gas, project structure, payment of transportation tariff and transit fees for passage of natural gas through Pakistan, talks will continue," he said.

He said efforts are on to get this pipeline to India.

At the same time, Mr Prasada said, the government is speaking to other nations also as demand for gas has gone up.

"We are not relying on Iran alone and are talking to other nations also. We have an agreement for 25 years with Qatar," the minister added.


Exports up 13%, imports jump by 34% in July

New Delhi: India's exports rose in July, for the ninth month in a row, by 13.2% to $16.24 billion, reports PTI quoting commerce secretary Rahul Khullar.

Imports, too, rose by 34.3% to %29.17 billion, taking the trade gap for the month to $12.93 billion, he added.

Overseas shipments in April-July period of this fiscal aggregated at $68.63 billion, up 30.1% over the same period last year. Imports during the April-July period this fiscal were at $112 billion, up by 33.3% over the year-ago period.

Sectors which did not perform well in July include leather, electronic goods, man-made fibre, textiles and tea, Mr Khullar said.


Brain drain

Going by the total amount spent on R&D compared to the number of patents actually awarded, the US seems to be wasting too much money on innovation.

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Shadi Katyal

6 years ago

It is very interesting article but is biased from the beginning.As one looks at the patents granted to various countries one start thinking what kinds of innovations ar we talking? It is this energy of innovations that keeps the nations ahead of others.
Most of the medicine research and electronic still is way ahead of other nations. If one doenot bring new brain and try to innovate , what else can be done be a babu like in India

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