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And I think this will help toward our Wholesale O ring effort of persuading companies and governments, particularly in Asia, that there are alternatives to Iran that they can pursue," he said in response to a question. According to Bolton, as the second wave of sanctions come back onto Iran on November 4, the objective of the Trump administration is to put maximum pressure on the government in Tehran. "Its our objective that there be no waivers from the sanctions, that exports of Iranian oil and gas drop to zero," he said. "Im not saying were necessarily going to achieve that, but nobody should be operating under any illusions, what the objective is. You can look at the possibility of reductions leading to zero. It doesnt have to happen immediately, perhaps," he said in a tacit acknowledgement that countries like India might not be able to bring down their oil purchase from Iran to zero. "But this is not the Obama administration, would be my mesغير مجاز مي باشدe not just to Iraq but to everybody else. And the frequency and the ease of getting waivers and exemptions is not going to be our policy," he warned in a mesغير مجاز مي باشدe to the international community not to take the American threat not seriously. "I might say, also, that were not going to stop with the resumption of the sanctions that existed pre-2015. Were looking at others that we can impose as well," Bolton said.

Foreign investors remained net sellers for a third day pulling out Rs 2,760.63 crore from stock markets. To stem the rupee fall, the RBI Wednesday allowed oil companies to access foreign capital of USD 10 billion on a long-term basis to finance their working capital requirements.The government Thursday said state-owned fuel retailers will have to complete USD 10 billion external commercial borrowing (ECBs) within a year and they would not be required to hedge the exposure. The central government and mostly BJP-led states announced a cut in excise and VAT rates to reduce fuel prices by Rs 5 per litre.The rupee opened on a weak note at 73.72 against the previous close of 73.34 per dollar.

Every rupee cut in excise duty on petrol and diesel will result in a revenue loss of Rs 13,000 crore.Unlike excise duty, VAT is ad valorem and results in higher revenues for the state when rates move up.The central government levies Rs 19."The government is keen that instead of having China Skeleton oil seal for sale an ad hoc measure, it may be desirable to have a long-term view which addresses not only the volatility but also takes care of the unnecessary ambiguity arising out of frequent ups and downs.17.Pradhan was replying to questions on when consumers can expect relief from rising fuel prices.48 excise duty on a litre of petrol and Rs 15.27 a litre and diesel is priced at Rs 69. That process is underway," he had said."We are sensitive lets see how things are unfolding". The prices are at an all-time high. State sales tax or VAT varies from state to state.84 a litre, and Rs 9.The revisions continued till just before the general elections in 2004 when oil companies went slow and after a Congress-led UPA came to power the entire process was reviewed as the international oil prices started moving up.17 a litre on diesel.

He, however, did not elaborate on the solution or the holistic strategy.Petrol price has been hiked by Rs 3.68 on diesel in April.47 a litre in nine instalments between November 2014 and January 2016 to shore up finances as global oil prices fell, but then cut the tax just once in October last year by Rs 2 a litre."For a long-term solution, Government of India is planning for a holistic strategy. In Delhi, VAT on petrol was Rs 15. Delhi has the lowest fuel price among all metros and most state capital due to lower incidence of local sales tax or VAT.33 on diesel.77 a lire and that on diesel by 13.Petrol in Delhi غير مجاز مي باشدts Rs 78.Rates at refinery gate were revised on fortnightly basis but not all of the desired hike was passed on to the consumers and that increase not passed on converted into a subsidy.State-owned Indian Oil Corp (IOC), Bharat Petroleum Corp Ltd (BPCL) and Hindustan Petroleum Corp Ltd (HPCL) were in April 2002 given freedom to revise rates of petrol and diesel on 1st and 16th of every month based on average rate of benchmark international petroleum product prices and rupee-US dollar rates in the preceding fortnight.

The UPA government finally freed petrol price in June 2010 and the diesel rates were decontrolled by the current BJP government in November 2014.Last week, after a weekly meeting of the Union Cabinet Law Minister Ravi Shankar Prasad had stated that the government is working on a long-term solution to address the volatility and frequent revisions in rates. Hike in the international price of crude, fluctuation in the dollar and Indian currency ratio, and some of the tax issues are also there," he told reporters here. Petrol and diesel prices were today hiked for the 15th day in a row, taking the cumulative increase this month to the highest in at least five years. bringing petroleum products within the ambit of GST is one among them," he said. He also refused to say if the government is planning a cut in excise duty to provide relief to consumers.24 in Delhi since state-owned oil firms ended a 19-day pre-Karnataka poll hiatus to resume daily price revision on May 14.

"During tough negotiations, the United States dropped initial demands for a full oil embargo and a freeze on the foreign assets of North Korean leader Kim China O ring Manufacturers Jong-Un.That would amount to a 10 percent cut in oil products, according to the US Energy Information Administration, which estimates annual exports to North Korea at nearly 2.The resolution, passed after Washington toned down its original proposals to secure backing from China and Russia, came just one month after the council banned exports of coal, lead and seafood in response to the Norths launch of an intercontinental ballistic missile (ICBM).Chinese UN ambassador Liu Jieyi again called for talks "sooner rather than later". He urged Pyongyang to take "concrete action" toward denuclearization.Under the measure, countries are authorised to inspect ships suspected of carrying banned North Korean cargo but must first seek the consent of the flag-state.China, North Koreas sole ally and main trading partner, had strongly objected to an oil embargo initially sought by the United States out of fear it would bring the Norths economy to its knees.- Further provocations -But analysts were sceptical about their impact.

Joint ventures will be banned and the names of senior North Korean official and three entities were added to a UN sanctions blacklist that provides for an assets freeze and a global travel ban."Washington has said military action remains an option in dealing with Pyongyang and has threatened to cut economic ties with countries that continue to trade with it.Kim Hyun-Wook of Seouls Korea National Diplomatic Academy, predicted: "The sanctions will only provide North Korea with an excuse for further provocations, such as an ICBM launch.North Korea Tuesday categorically rejected the new measures, with UN ambassador Han Tae-Song saying in Geneva that the US had "fabricated the most vicious sanction resolution" and warning of retaliation.US ambassador Nikki Haley said Monday at the UN the tough new measures were a mesغير مجاز مي باشدe to Pyongyang that "the world will never accept a nuclear-armed North Korea"..The new sanctions imposed unanimously by the UN Security Council Monday ban North Korean textile exports and restrict shipments of oil products.The United States and its allies argue that tougher sanctions will pile pressure on Kims regime to negotiate an end to its nuclear and missile tests.It followed up with a sixth nuclear test on September 3, its largest to date, which it said was a miniaturised hydrogen bomb.