Indian Economy News & Discussion - Nov 27 2017
Re: Indian Economy News & Discussion - Nov 27 2017
Long term, Atmanirbhar Bharat of Energy will have to occur. Solar, battery and ethanol will have to ramped up. Ethanol, just like in Brazil and Solar by law, ie everyone should be forced to deploy.
Re: Indian Economy News & Discussion - Nov 27 2017
India's energy purchases from Russia are not exempt from Western sanctions. While the US temporarily allowed some purchases of Russian oil to alleviate global supply shortages caused by conflicts in the Middle East, that waiver has now expired.
Despite the expiration of waivers and pressure from the United States—including the imposition of tariffs—India continues to import large volumes of Russian crude. The Indian government defends this stance by citing national energy security and economic pragmatism, maintaining that its purchasing decisions are guided by commercial viability and affordable energy supplies.
Despite the expiration of waivers and pressure from the United States—including the imposition of tariffs—India continues to import large volumes of Russian crude. The Indian government defends this stance by citing national energy security and economic pragmatism, maintaining that its purchasing decisions are guided by commercial viability and affordable energy supplies.