India is in talks with Non-OPEC producers like the US and Mexico to replace Iranian crude. Top officials in the Ministry of Petroleum and Natural Gas tell BTVI that the move follows the recent decision of US President Donald Trump to discontinue Significant Reduction Exemptions (SREs) to all nations purchasing crude from Iran.
India has once again initiated talks with the U.S to seek an extension of the waiver it received last November, to continue importing crude oil from Iran. "The waiver is up for renewal in April and it is premature to comment on its renewal yet", a senior government official told BTVI, who did not wish to be named.
The government is all set to announce a big relief package for farmers by boosting its crop insurance scheme. The PMO, which is closely working on the scheme and monitoring its progress, is also discussing a set of proposals with Agriculture Ministry and NITI Aayog officials to help farmers cope with their debt burden.