“Sanctions are gone but there is a long way between sanctions and development,” he said, speaking to an economics conference in Tehran. In his first comments since the deal took effect, ***’s highest authority made clear that Washington should still be treated with suspicion.*** hopes that steps to ease its isolation, including the re-admission of its banks to the SWIFT system of international transactions, will inject new vigour into the economy.“I reiterate the need to be vigilant about the deceit and treachery of arrogant countries, especially the United States, in this (nuclear) issue and other issues,” Mr Khamenei said..The unblocking of funds, which had been held in foreign banks, comes after the UN atomic watchdog confirmed at the weekend that *** had complied with measures in the July atomic accord.State television reported that Mr Khamenei wrote to President Hassan Rouhani to congratulate him on implementing the nuclear deal, which resulted in United States, European Union and United Nations sanctions being lifted over the weekend.

But opening up to the world cannot completely fix the economy, President Hassan Rouhani said on Tuesday in a televised speech, warning that the “difficult road has just begun”.***ian President Hassan Rouhani (above) after delivering a speech during a conference entitled “Implementation of Joint Comprehensive Plan of Action — A New Chapter in ***’s Economy” in Tehran on Monday. “Be careful that the other side fully meets its commitments. *** needs annual foreign investment of - billion to reach an eight per blown film extruder factory cent gro-wth target and cash in on sanctions relief, the President said. *** announced a major boost of 5,00,000 barrels per day in oil production on Monday — a move Tehran had long planned for once its nuclear deal took effect.Republican candidates for the US presidency have criticised the deal, and some ***ian officials fear Washington could walk away from the deal when President Barack Obama leaves office in early 2017.***’s economy suffered greatly under the international sanctions that since 2006 targeted the Islamic republic’s nuclear programme an-d financial systems.25 million barrels per day. (Photo: AFP)*** will receive billion of unfrozen assets after sanctions were lifted under its nuclear deal, the central bank said on Tuesday, in a boost to an economy sapped by years of isolation.

Under the previous government of Mahm-oud Ahmadinejad, infl-ation topped 40 per cent. He made no mention of a surprise prisoner exchange that also took place this weekend.The assets will be kept “in centralised and safe accounts” abroad, central bank chief Valiollah Seif was qu-oted by state television as saying, adding that the money could be used to pay for imports. But Mr Rouhani, whose election in 2013 heralded more than tw-o years of nuclear negotiations with world powers, managed to curb inflation to 13 per cent. “Today, our main problem is unemployment and recession, the lack of a booming economy and many structural and economic deficiencies,” he added.Mr Seif said that billion would go to the central bank and billion “will be transferred to the state treasury as the share of the government”. Khamenei welcomes sanctions lift, warns of US ‘deceit’ in deal***’s Supreme Leader Ayatollah Ali Khamenei on Monday welcomed the lifting of international sanctions against ***, but warned that Tehran should remain wary of its old enemy the United States. The comments made by some American politicians in last two, three days are suspicious,” he added. The next budget starting in March is based on a projected oil price of per barrel price and exports of 2.“Today is just the sta-rt for an innocent hum-an who was kept chai-ned unjustly by the hands and feet for 12 years,” he said

We (India and the UAE) are stuck on commercial terms," said one of the sources.India, seeking to hedge against energy security risks as it imports about 80 per cent of its oil needs, is building emergency storage in vast underground caverns to hold a total of 36.ADNOC, India's oil ministry, BPCL and MRPL did not immediately respond to requests for comment.To take advantage of falling oil prices pending the conclusion of a deal with the UAE, India's oil ministry instructed BPCL and MRPL to select a grade to fill half the Mangalore facility, the sources said."The two refiners decided to buy ***ian Mix as it suits their refineries," said one of the sources. They did not give pricing details.India in 2014 began talks to lease part of its strategic storage to Abu Dhabi National Oil Co (ADNOC).The Indian side last week discussed ***ian oil purchases with Safar Ali Keramati, Deputy Director at National ***ian Oil Company (NIOC) for Crude Marketing and Operations.

87 million barrels of crude, enough to cover almost two weeks of demand."If (Indian customers) come to us for extra barrels, then we will do our best to accommodate their demand," Keramati told Reuters.India, seeking to hedge against energy security risks as it imports about 80 per cent of its oil needs.3 crude importer would boost ***'s drive to ramp up its oil shipments as it looks to regain market share following the lifting of sanctions over its disputed nuclear programme. They declined to be identified as they were not authorised to speak with media.State firm Bharat Petroleum Corp will buy 4 million barrels in two very large crude carriers (VLCCs) and Mangalore Refineries and Petrochemicals Ltd will import 2 million barrels, the three sources said.75 million-barrel Vizag storage facility in east India is being filled with Iraqi Basra oil.The 9.The step comes as ***'s daily crude exports to India surged to the highest level in 15 years in August."Talks have not moved forward with ADNOC despite several rounds of discussion.Such purchases by the world's No.

They chose ***ian Mix. New Delhi: India is set to buy 6 million barrels of ***ian crude for its strategic oil reserves as negotiations with the United Arab Emirates' national oil company for supplies are stuck over commercial terms, industry sources said.Three industry sources with direct knowledge of the matter said India would buy 6 million barrels of ***ian Mix crude from the National ***ian Oil Co in October and November to fill half the Managlore storage facility in the southwestern state of Karnataka.The start of operations at a third facility, at Padur in Karnataka, has been pushed back due to problems in acquiring land to lay a pipeline link to the local gearbox for screw extruder manufacturers port.Oil markets have been keenly focused on ***ian export volumes over the last few weeks as they get closer to pre-sanction levels - a milestone that Tehran has said is a precondition for discussing a global output freeze to boost crude prices. Under such a deal, India would have first rights to the stored crude in case of emergency, while ADNOC would be able to move cargoes to meet any shift in demand

The Budget for 2016-17, the Extruder replacement parts second full year Budget by Finance Minister Arun Jaitley is likely to make changes in the way Oil Industry Development Cess is levied to provide relief to companies like ONGC and Cairn India that are being battered by oil prices plunging to 11-year low. The ad valorem rate of cess will result in higher payouts when prices are high and lower when rates fall.. In 2005-06, when the crude oil prices had increased from an average of USD 40 per barrel to USD 60, the OID cess was raised from Rs 1,800 to Rs 2,500 per tonne from March 1, 2006.While New Exploration Licensing Policy (NELP) blocks like Reliance Industries' KG-D6 are exempt from payment of cess, pre-NELP discovered blocks like Panna/Mukta and Tapti and Ravva pay a fixed rate of cess of Rs 900 per tonne.

Currently, state-owned Oil and Natural Gas Corp (ONGC) and Oil India Ltd (OIL) pay a cess of Rs 4,500 per tonne on crude oil they produce from their allotted fields on a nomination basis.With oil prices dropping to an 11-year low of under USD 35 per barrel, the cess translates into one-third of the realisation going away in just one levy.The official said the Oil Ministry has made a formal representation to the Finance Ministry for making the cess ad valorem.Budget 2016-17 likely to make changes in the way Oil Industry Development Cess is levied...The cess was levied at Rs 60 per tonne in July 1974 and subsequently revised from time to time. Cess incurred by producers is not recoverable from refineries and thus, forms part of غير مجاز مي باشدt of production of crude oil.The Oil Industry (Development) Act, 1974, provides for collection of cess as a duty of excise on indigenous crude oil.In the low oil price environment, several countries including the UK, the US, and China have changed fiscal systems to increase production and promote investments. Oil producers say the current cess rate constitutes about one-third of the oil price, which has severely impacted several small discoveries and marginal fields, making many of the projects unviable. Also, companies like Cairn as well as industry associations too have made similar representations.Again, when the crude prices climbed to over USD 100, the rate of cess went up to Rs 4,500 (USD 12 per barrel) with effect from March 17, 2012."There are indications the Budget may announce an ad valorem rate of cess instead of Rs 4,500 per tonne fixed levy currently," a senior government official said.

While the government had effectively linked the cess rate to prevailing crude oil prices in the past, there has been no reduction when the oil prices have declined. Cairn has to pay the same cess for oil from the Rajasthan block. New Delhi: For the first time in over four decades, the government is likely to convert a cess on domestically produced crude oil into an ad-valorem rate from a fixed per tonne levy, at present. The Budget may fix the levy at around 8-9 per cent of the crude oil price, the official said. Most of crude oil produced in India comes from pre-NELP and nomination blocks and is liable for payment of cess

0868 from . Hong Kong's Hang Seng was up 0.74 points, or 2. "The market is assigning a 40 per cent probability of a second rate hike by March, which would effectively bring the Fed funds rate to a new range Extruder replacement parts manufacturers of 50 to 75 basis points," he said in a research report.88. It fell 84 cents, or 1. Stock benchmarks also rose in Taiwan, Singapore and Indonesia.67.88 and China's Shanghai Composite gained 0.69.1 per cent to 3,529. That was more than investors expected, and a sign that consumers are still spending and keeping the American economy afloat even as manufacturing and energy companies struggle. Tokyo: Asian stock markets were cheered Monday by a healthy US jobs report that sent the S&P 500 to its biggest gain since early September.S. Foreign exchange reserves are due Monday, trade on Tuesday, inflation on Wednesday and retail sales, industrial production and fixed asset investment on Saturday.5 per cent to 1,963.0884.WALL STREET: The Dow Jones industrial average rose 369..

The data cements expectations that the Federal Reserve will raise interest rates from a record low at its policy meeting next week.CHINA DATA: Market players are also focusing on a slew of economic data due from China.KEEPING SCORE: Japan's Nikkei 225 jumped 1. Pessimism about slowing growth in the region's biggest economy has dragged on market sentiment recently.12 yen on Friday. The Standard & Poor's 500 had its best day since Sept.07 points, or 2.7 per cent, to .0 per cent to 19,698.28 yen, up from 123.97 a barrel in New York on Friday. The Nasdaq composite increased 104.ENERGY: Benchmark U.63.2 per cent at 22,278. But South Korea's غير مجاز مي باشدpi fell 0. Low interest rates have been a boon for stock markets for several years, but investors also welcome increased certainty about the Fed's likely actions after months of guesswork and anxiety.US JOBS: The Labor Department reported that employers added 211,000 jobs in November. crude was down 35 cents to .96 points, or 2.15 and Australia's S&P/ASX 200 rose 0.30.2 per cent at 22,278.

THE QUOTE: "US markets have rejoiced in the fact that Friday's payrolls were strong enough to cement expectations of a hike next week, but not strong enough to influence the path of rate hikes in 2016," said Chris Weston, chief market strategist at IG in Melbourne, Australia.1 per cent to 5,155.Hong Kong's Hang Seng was up 0.9 per cent, to on Friday. The futures contract fell .11, or 2.CURRENCIES: The dollar was trading at 123.70.75 in London. Brent crude, a benchmark for international oils, dropped 25 cents to .27 points. 8, rising 42.1 per cent, to 2,091. The euro slipped to .1 per cent, to 5,142.62 a barrel in electronic trading on the New York Mercantile Exchange.1 per cent, to end Friday at 17,847

Put in to bat, India recovered from an early wobble to score a challenging 265/7 in their final league match, riding on a 132-run stand between Mithali (109) and Harmanpreet Kaur (60) and a quickfire 70 by Veda Krishnamurthy.Derby (UK): Skipper Mithali Raj slammed a century before left-arm spinner Rajeshwari Gayakwad returned with a five-wicket haul as India crushed New Zealand by 186 runs to storm into the semi-finals of the ICC Women’s World Cup here on Saturday.India then produced a superb bowling display to dismiss the Kiwis for 79 in just 25.A brilliant quick-fire 70 off just 45 balls from Krishnamurthy, studded with seven fours and two sixes, then took India past 260. However, the highlight of the virtual knock-out match was Mithali’s sixth ton in her 184th match and her 109 came from 123 balls and had 11 fours.At 7/2, Katey Martin (12) joined Amy Satterthwaite but the former was dismissed by Deepti in her first over as New Zealand were reduced to 27/3 in the 11th over.Satterthwaite was then dismissed in the 18th over with Sushma Verma producing a brilliant stumping off Gayakwad’s bowling.In the next over, Maddy Green was dismissed by Poonam Yadav, while Lea Tahuhu became the fourth victim of Gayakwad, who also cleaned up last batswoman Leigh Kasperek (0) to complete her five-wicket haul.

ScoresIndia Women 265/7 in 50 overs (Mithali Raj 109, Veda Krishnamurthy 70; Leigh Kasperek wholesale Foaming barrel screw 3/45) bt New Zealand Women 79 in 25. Gayakwad then dealt two more quick blows, removing Sophie Devine (7) and Hannah Rowe (4) as New Zealand were looking down the barrel at 62/7 in 21.Earlier, India were reduced to 21/2 in the eighth over but a 132-run stand between Mithali (109) and Harmanpreet Kaur (60) for the third wicket brought them back into the match.She has already hit three half centuries and a 46 not out, besides Saturday’s ton, from the seven matches she has played so far.3 overs.Katie Perkins (1) too was sent back quickly with Sharma cleaning her up as New Zealand lost half their side for 52/5 in the 19th over.

Mithali, who in the earlier match against Australia became the highest run-getter in ODIs and first batswoman to reach 6000 runs, continued with her purple patch in the tournament.3 overs (Amy Satterthwaite 26, Rajeshwari Gayakwad 5/15, Deepti Sharma 2/26). Left-arm spinner Rajeshwari Gayakwad (5/15) was the peak of the bowlers with her five-wicket haul, while Deepti Sharma (2/26) scalped two and Jhulan Goswami (1/14), Shikha Pandey (1/12) and Poonam Yadav (1/12) picked one each respectively.Chasing 266 for a win, New Zealand lost two early wickets with both openers Suzie Bates (1) and Rachel Priest (5) back in the hut in 3 overs.5 overs. The Kiwi’s 47-ball 26-run innings included four boundaries