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?