GOVERNMENT OF INDIA
MINISTRY OF FINANCE
LOK SABHA
UNSTARREDQUESTION NO: 1481
ANSWERED ON: 04.03.2011
IRANIAN CRUDE OIL
(a) whether Reserve Bank of India (RBI) had disallowed payments for Iranian Crude Oil;
(b) if so, the details thereof;
(c) whether the decision had been welcomed by the United States of America (USA) administration; (d) if so, the facts in this regard and the reasons therefor;
(e) whether any alternative arrangement for the payment has been made; and
(f) if so, the details thereof?
ANSWER
(a) whether Reserve Bank of India (RBI) had disallowed payments for Iranian Crude Oil;
(b) if so, the details thereof;
(c) whether the decision had been welcomed by the United States of America (USA) administration;
(d) if so, the facts in this regard and the reasons therefor;
(e) whether any alternative arrangement for the payment has been made; and
(f) if so, the details thereof?