Tuesday September 17, 2019
Home Business Iran nuclear ...

Iran nuclear agreement: Why its a good news for Indian economy

0
//

radioactivity-66774_640

By Sakchi Srivastva

A big step has been taken by the West and Iran after they signed a tentative agreement which deals with curbing Iran’s nuclear program for at least a decade. This outcome was possible after the conclusion of marathon talks which took place in Switzerland for 8 days.

“And after many months of tough and principled diplomacy, the United States – joined by the United Kingdom, France, Germany, Russia, China, and the European Union – achieved the framework for a deal,” Barack Obama said.

This breakthrough agreement has put a full stop at all the allegations and doubts on Iran’s status of seeking to build a nuclear bomb. It is the first utilitarian deal signed in 12 years between the west and Iran. Iran has agreed to not enrich its uranium over 3.67 per cent for at least 15 years.

India, which is Iran’s second-biggest buyer on an annual basis after China, has been gradually reducing its oil imports from Tehran under US pressure. For the first time in a decade, India did not import any oil from Iran in March. But now after the deal India will embrace large quantity of oil from Iran.

Here’s how the deal pans out for India.

  1. Iran’s export was restricted to 1 million barrel per day. It was a very difficult situation for our country. But now this deal has come as a boon.
  2. Friendly relations with Iran could prove to be India’s launch pad in the wealthy West Asian market for our manufactured goods.
  3. Import of oil from Iran will also keep price shocks at bay.

“India has always maintained that the Iranian nuclear issue should be resolved peacefully by respecting Iran’s right to peaceful uses of nuclear energy as also the international community’s strong interest in the exclusively peaceful nature of Iran’s nuclear programme. The announcement yesterday underlines the success of diplomacy and dialogue, which India has always supported and which we hope would lead to a comprehensive agreement by June 30, ”
the external affairs ministry said in a statement.

Next Story

OPPO to Launch ‘Oppo Reno Ace’ in China on October 10

Chinese smartphone manufacturer Oppo on Monday confirmed that its next flagship product, 'OPPO Reno Ace', would be launched in China on October 10

0
Oppo, smartphones, china, launch
Oppo launched its Oppo Reno2 series of smartphones in August. Wikimedia Commons

Chinese smartphone manufacturer Oppo on Monday confirmed that its next flagship product, ‘OPPO Reno Ace’, would be launched in China on October 10.

According to a recent Weibo post by the manufacturer, the device will have 65W fast-charging capabilities and it would be first smartphone to feature the world’s fastest fast charging technology, news portal GSMArena reported.

The device is also rumored to sports a 6.6inch FHD+ curved edge display with thin bezels with 90 Hz refresh rate, up to 100 per cent screen space and one can expect a pop-up or an under-screen camera selfie shooter.

Oppo, smartphones, china, launch
The handset, OPPO RENO 10X features a 6.6-inch notchless AMOLED display with rounded edges. IANS

The device will be powered by Snapdragon 855+ chipset, 12GB RAM, 256GB onboard storage, a 4,000mAh battery and it supports 5G connectivity.

ALSO READ: LG Looking to Revive its Tablet Business with ‘G Pad 5’

Other details about the smartphone’s specifications are currently under the wraps.

Meanwhile, Oppo launched its Oppo Reno2 series of smartphones in August which consists of Oppo Reno2, the Reno2 F and the Reno2 Z handsets. (IANS)