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

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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.

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To Mock Elon Musk, Russia Launched a Toy Car into Space

Rogozin is known for his rivalry with Musk which often comes out publicly as sarcastic banters

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Elon Musk, Russia, Toy
In response to Musk's space stunt, the team from Russia's Tomsk State University launched a toy replica of the red Zhiguli car. Flickr

Mocking SpaceX CEO Elon Musk launched a Tesla car into space in 2018, Russian scientists sent their own red car outside the Earth, but the car was actually just a toy.

In February 2018, SpaceX launched its reusable heavy-lift launch vehicle — Falcon Heavy for the first time along with a cherry-red Tesla Roadster with a mannequin called ‘Starman’ behind the wheel.

In response to Musk’s space stunt, the team from Russia’s Tomsk State University launched a toy replica of the red Zhiguli car owned by Dmitry Rogozin, who serves as the Director General of Russia’s Roscosmos space agency, Futurism reported on Friday.

Rogozin is known for his rivalry with Musk which often comes out publicly as sarcastic banters on micro-blogging site Twitter.

Elon Musk, Russia, Toy
Mocking SpaceX CEO Elon Musk launched a Tesla car into space in 2018. Pixabay

Along with the toy car, the Russian scientists also put a tiny cut-out of a smiling Rogozin in the driver’s seat.

Unlike ‘Starman’, however, the Rogozin replica returned to the Earth and landed an estimated 2,000 kilometres away from its launch site after about 16 hours of flight, the report said.

Russia’s space mockery targeting Musk was executed just days after Rogozin said he would not hire Musk to get help with reusable rocketry.

While Rogozin has not met Musk as yet, he frequently reacts publicly to the SpaceX CEO’s tweets and slams SpaceX over ‘killing competitors’.

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Rogozin said he would gladly meet the multi-billionaire if he ever comes to Russia for a private visit. (IANS)