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World Affairs
Moment of change
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ATTA KENARE/AFP Hassan Rouhani. The moderate cleric forged ahead in the last phase of the campaign.

In a “victory of moderation over extremism”, Hassan Rouhani trounces the conservatives to become the next President of Iran. By ATUL ANEJA

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India and Iran have several common interests.India imports about 11
per cent of its oil needs from Iran. Iran absorbs a vast amount of
Indian labour. India should establish strong ties with Iran for its
growing energy requirement and other resources.Both countries have
also shared the common political ideal of a stronger global South and
an independent West Asia. However the US is taking unilateral coercive
measures to corner Iran and putting pressure on India to decrease
their relations with that country. To keep these important economic
and political relations on track, India will have to ensure that it
holds up its spine and not bend before big power interests.
Asad Rizvi
from:  Asad Rizvi
Posted on: Jul 1, 2013 at 13:12 IST
India needs to engage with the new establishment in Iran,keeping our core strategic interests in the forefront, without being deterred by western world. Iran is vital for two reasons , for getting access to the markets and hydrocarbon reserves of central Asia and Russia through chhabahar port and as a reliable source of crude itself with many comfortable favors, we can go on getting crude from there without needing dollars to ease pressure on our current account. we need to re-energize the Asian Clearing Union.
from:  saurabh tomar
Posted on: Jul 1, 2013 at 09:37 IST
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