Sun, Aug 20, 2017 | updated 10:55 PM IST

India's buyer-seller relation with Gulf in oil changing: M.J. Akbar

Updated: Jan 05, 2017 23:32 IST      
India's buyer-seller relation with Gulf in oil changing: M.J. Akbar

Bengaluru (Karnataka) [India], Jan. 5 (ANI): Noting that India's relationship with the Gulf has been on a "remarkable positive track", Minister of State (MoS) for External Affairs M.J. Akbar on Thursday said the traditional buyer-seller relationship in oil between New Delhi and the oil producing countries is changing.

Speaking at the inauguration of GOPIO Global convention in Bengaluru, Akbar said that the Gulf countries are investing in India's strategic petroleum reserves.

Akbar said India's security relationship with the Gulf countries forms a critical part of its commitment to peace and elimination of terrorism.

"A security relationship of such dimensions can only happen when there is enormous trust and unflinching resolve," he added.

Akbar's statements assume significance as India will have its first Strategic Dialogue with UAE in Delhi on January 20. And New Delhi will be a host to Crown Prince Mohammed bin Zayed Bin Sultan Al-Nahyan on Republic day.

India has signed a framework agreement with Saudi Arabia for an investment of 1 trillion dollars in infrastructure development over the next five years.

"A security relationship of such dimensions can only happen when there is enormous trust and unflinching resolve," he said.

"But few things illustrate the success of our engagement with the world more than the dramatic escalation in ties with UAE, Saudi Arabia and the Gulf, forged under the leadership of Prime Minister Narendra Modi. Sceptics were startled when the King Salman bin Abdulaziz, Custodian of the Two Holy mosques, presented the "Sash of King Abdulaziz", Saudi Arabia's highest civilian honour, to our Prime Minister," he added.

Akbar later shifted his focus to its long-time ally Russia who listed its achievement in forging strong cooperation in the fields of defence, energy, information technology, trade and investment.

"The first-ever project in the defence sector under PM's flagship "Make in India" program is with Russia. Units I and II of the Kudankulam Nuclear Power Plant (KKNPP) have been already dedicated to the nation and work on Units III and IV began in October 2016," he added.

Akbar said India's relationship with America is based on shared values and popular impetus which has acquired unprecedented momentum.

" India has become a Major Defence Partner of America. FDI investments from the US have risen from less than a billion dollars in 2014 to USD 4.5 billion this year. A contract is being negotiated with Westinghouse for a 6600 MW nuclear plant," he said.

"We are collaborating with the US across a wide range - from counter-terrorism to building smart cities to clean energy technologies," he added. (ANI)

New Delhi [India], Aug 20 (ANI): National Carrier IndiGo on Sunday rebuffed the claim of cancellation of its daily flight, as being reported, saying that the 'misleading' information is being spread by the competitors to malign the image of the airlines.

Full Story >>

WBPCC chief Adhir Chowdhury's car hit by container

Updated: Aug 20, 2017 22:33 IST     

Kolkata (West Bengal) [India], August 20 (ANI): West Bengal Pradesh Congress Committee President Adhir Ranjan Chowdhury was saved after his car was hit by a speeding truck in Murshidabad on Sunday.

Full Story >>

Nandyal (Andhra Pradesh) [India], August 20 (ANI): Andhra Pradesh Chief Minister N. Chandrababu Naidu on Sunday lashed out at YSR Congress Party chief Jaganmohan Reddy for his remark against him and said that it is not in his culture to stoop so low.

Full Story >>

Panaji (Goa) [India], August 20 (ANI): The Congress on Sunday said that bringing Goa under National Green Tribunal (NGT) Delhi was an anti-Goan decision by the Ministry of Environment, Forest and Climate Change (MoEFCC).

Full Story >>

Hyderabad (Telangana) [India], August 20 (ANI): The Telugu Desam Party (TDP) on Sunday slammed the YSR Congress Party (YSRCP) chief Jagan Mohan Reddy's provoking statements against Andhra Pradesh Chief Minister N. Chandrababu Naidu.

Full Story >>

New Delhi [India], August 20 (ANI): The Commissioner of Railway Safety will on Monday conduct an inspection of the Utkal train derailment site.

Full Story >>

Onus of creating 'a new India' lies with the youth: Amit Shah

Updated: Aug 20, 2017 21:49 IST     

Bhopal (Madhya Pradesh) [India], Aug 20 (ANI): Bharatiya Janata Party (BJP) chief Amit Shah on Sunday said that the responsibility of creating a New India lies on the shoulders of the youth of the nation.

Full Story >>

Drone scare at Delhi airport: Flight operations resume

Updated: Aug 20, 2017 20:49 IST     

New Delhi [India], August 20 (ANI): The flight operations at the Delhi airport, which were earlier halted after a pilot reported about spotting a drone above the runway, have now been resumed.

Full Story >>

Man arrested for possessing drugs worth Rs. 7,000

Updated: Aug 20, 2017 20:30 IST     

Goa [India], August 20 (ANI): The Calangute Police on Sunday arrested a man possessing drugs worth Rs. 7,000.

Full Story >>

Drone spotted at Delhi airport, flight operations halted

Updated: Aug 20, 2017 20:18 IST     

New Delhi [India], August 20 (ANI): The flight operations at the Delhi airport have been temporarily halted after a pilot reported about spotting a drone at the runway.

Full Story >>

Lucknow (Uttar Pradesh) [India], August 20 (ANI): Uttar Pradesh Chief Minister Yogi Adityanath on Sunday highlighted the significance of the National Investigative Agency (NIA) towards national security, and proposed the idea of holding high-level me

Full Story >>

Ludhiana Police bust ATM robbers' gang

Updated: Aug 20, 2017 19:42 IST     

Ludhiana (Punjab) [India], August 20 (ANI): The Ludhiana Police on Sunday with the help of the Special Task Force (STF), Punjab arrested a five-member ATM robbers' gang and recovered 641 ATM cards of 18 nationalised and private banks from them.

Full Story >>

Allahabad (Uttar Pradesh) [India], August 20 (ANI): Allahabad's Saumya Dubey, Class 10 student, on Sunday took charge as the Station House Officer (SHO) for a day, after winning an essay competition on 'A society without police'.

Full Story >>

Vijayawada (Andhra Pradesh) [India], August 20 (ANI): Joint Commissioner of Police B.V. Ramana Kumar on Sunday felicitated constable Srinivasulu for saving a woman attempting suicide in Andhra Pradesh's Vijayawada.

Full Story >>

Delhi man stabbed to death over alleged verbal dispute

Updated: Aug 20, 2017 19:26 IST     

New Delhi [India], August 20 (ANI): A man was stabbed to death over a verbal dispute with a group of men on Saturday in Delhi.

Full Story >>

Bhubaneshwar (Odisha) [India], August 20 (ANI): Five days into the protests against the block grant system in Odisha, Union Minister Dharmendra Pradhan urged the state government to listen to what the agitating teachers have to say and arrive at a proper solution for the betterment of the education sector in the state.

Full Story >>

West Bengal [India], August 20 (ANI): The All India Trinamool Congress (TMC), on Sunday dubbed the Utkal train derailment tragedy as 'an unfortunate incident' and asked Prime Minister Narendra Modi and Railway Minister Suresh Prabhu to resign from their respective posts.

Full Story >>

Patna (Bihar) [India], August 20 (ANI): Responding to the allegations made by Deputy Bihar Chief Minister Sushil Modi, Rashtriya Janata Dal (RJD) chief Lalu Prasad Yadav launched a valiant attack on him and Chief Minister Nitish Kumar, and said that, in the aftermath of the latter snapping all ties with the 'mahagathbandhan' parties, 'Nitish ka dhokha' was trending in the state.

Full Story >>

Patna (Bihar) [India], August 20 (ANI): Bihar Deputy Chief Minister Sushil Modi on Sunday lashed out at Rashtriya Janata Dal (RJD) chief Lalu Prasad Yadav and his family over his silence on being involved in multiple land scams and possession of crores worth of property and black money.

Full Story >>

Darjeeling (West Bengal) [India] August 20 (ANI): A case was filed on Sunday against Gorkha Janmukti Morcha (GJM) chief Bimal Gurung and four others for their alleged involvement in grenade attack which killed a civic volunteer on Friday night.

Full Story >>