3 September 2013 – Daily Current Affairs 3 september 2013 - - TopicsExpress

3 September 2013 – Daily Current Affairs 3 september 2013 - Daily Current Affairs Iran-Oil-Import 1) With the current account deficit in India widening, India plans to increase crude oil imports from a country which accepts Indian Rupee as mode of payment. Which country is this? – Iran (Petroleum and Natural Gas Ministry sent its proposal to Prime Minister to increase imports from Iran. Yielding to sanctions imposed on Tehran by the U.S. and the European Union so as to force it to roll back its nuclear programme, India slashed crude imports from Iran by 26.5 per cent during 2012-13, buying just 13.1 million tonnes, against 18.1 million tonnes the previous year. Iran was India’s second biggest supplier after Saudi Arabia in 2010-11. However, during 2012-13, it supplied only 13.1 million tonnes, lagging behind Saudi Arabia, Iraq, Venezuela, Kuwait and the United Arab Emirates)[divider scroll_text="

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