Diplomacy

News articles and essays on the Indian diplomacy at work around the world.

Bye Bye US$ – Govt Exempts Rupee Payments for Iran Oil from Hefty Taxes

Iran will be able to use the rupee funds for a range of expenses – including imports from India, the cost of its missions in the country, direct investment in Indian projects, and its financing of Iranian students in India, according to another government document reviewed by Reuters. It can also invest the funds in Indian government debt securities.