Though the armed flare-up between the two countries confirmed what the world had feared ever since US President Donald Trump walked away from the US-Iran nuclear deal in May 2018, the rising hostility has not yet affected the overall oil production or supply of crude oil, which shot up by about $10 per barrel since the US forces based in Iraq killed Soleimani in a drone attack.
The shortfall in oil supply due to tension and instability in West Asia is not a major issue for India as this can be met by enhanced supplies from other oil-producing regions. What is worrying for countries like India that depend almost entirely on imports for all its oil needs is that the oil prices can go up and stay in the higher region. This can seriously impact the fiscal deficit and the consumer price index in the medium and long terms.
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IT sector boosts employment after sluggish growth
India is the largest off-shoring destination for Information Technology (IT) companies across the world.
Indian handicrafts need new vision to compete globally
High-quality handicraft goods
AHSI hosts Bicentennial Flower Show and World Regional Rose Convention 2020
The Agri Horticultural Society of India (AHSI) recently celebrated its bicentenary year by hosting the Bicentennial Flower Show and the World Regional Rose Convention 2020.
Threat Of A Third World War?
Renewed tension in West Asia forebodes a troubled 2020.
Railways Financial Stress: Is Economic Slowdown The Main Reason?
The Indian Railways (IR) has been going through a rough financial patch for the last few years.
US-Iran Hostility: India Feels Heat Of Crude Oil Price Hike
The geopolitical tension triggered by the killing of Iranian Islamic Revolutionary Guards Corps’ (IRGC) top military leader Qasem Soleimani and the subsequent retaliatory missile attacks on American military bases in Iraq by Iran has brought many countries including India to the edge.
Landmark Judgements To Stop Animal Cruelty
Some of our judges are now beginning to understand what animal cruelty does to a nation and act on it.
Opportunities And Challenges In The Aviation Sector
The Bharat Chamber of Commerce organised a national seminar and an exhibition on the ‘Indian Aviation Sector: Opportunities and Challenges’ at the Park Hotel, Kolkata. The prospects of private participation in maintenance, overhaul, and repair were discussed.
India Needs To Learn A Lesson From Brexit
The verdict given by the people of the United Kingdom in 2016 in favour of quitting the European Union (EU) is popularly known as ‘Brexit’. People who voted for Brexit argued that it was because of the adoption of erratic neo-liberal policies that had led to livelihood crises.
US-China Trade War Continues: Global Implications
The ongoing US-China trade war had its origin in 2012. It began then as a “cold war”, well before Donald Trump became the US President.
BORDER-LESS IDENTITY
Social identity determines women's status in society. In the context of family, religion, economy, patriarchy, misogyny, gender discrimination, etc., determine Iranian women's status in society. To keep the concept of a woman's identity alive, a change in Iranian society is required.
Praise for the Pomegranate
The ancient fruit with modern influence
DEVASTATING FLOODS
AN EXCLUSIVE INTERVIEW WITH AHMAD KHATIRI
The Passion Of Trees
The snow no longer cloaks our mountains in white.
PARITA DAEMI
Everyday Life ...
IRAN: WHERE EVERYTHING IS POSSIBLE, But Not So Easy
Do you fancy a beer? No problem, we’ll call our smuggler.Do you want to go on Facebook? No problem, just download a VPN app.Do you want to exchange currency? No problem, but don’t use an ATM, you will get a much better rate on the black market….
Why Iranians Continue to Seek Refuge in Australia
Shokoofeh Azar moved to Australia as a political refugee in 2010. Her novel The Enlightenment of the Greengage Tree (see WLT, Spring 2020, 96), originally written in Farsi, was shortlisted for Australia’s 2018 Stella Prize for Fiction and the 2020 International Booker Prize. Here she recalls her refugee journey from Iran to Christmas Island and reveals why Iranians continue migrating to Australia, despite the absence of war.
The Origins of 'Paradise'
Reading and writing about Iran could not prepare me for what I saw there.
The iconic '80s aviation action classic returns to thrill a new generation
Can you believe it’s been 34 years since we first saw Tom Cruise catapult off a carrier deck and up into the danger zone as Lieutenant Pete “Maverick” Mitchell in Top Gun? That jet-propelled ode to air-to-air combat in the jet age is without question one of the most iconic films of the 1980s—so much so that in 2015 the Library of Congress deemed it to be “culturally, historically, or aesthetically significant” enough to be archived in the National Film Registry! It was also the highest-grossing film of 1986, which probably has more to do with why Paramount Pictures and producer Jerry Bruckheimer have been trying for a decade to get a sequel off the deck—and now they have.
BASS OF TOMORROW
Blurring the line between artist and luthier, Parizad Hatcher brings creativeness and know-how to her stunning basses. Hywel Davies investigates