New Delhi, Oct 18 (IANS) India is continuing to engage with the US and all other stakeholders regarding the S-400 missile deal with Russia and import of crude oil from Iran following Washington's sanctions on Moscow and Tehran, the Ministry of External Affairs said on Thursday.
"On S-400, I can tell you that this is dictated by our national interests," ministry spokesperson Raveesh Kumar said at a media briefing here.
"We are engaged with the US on this matter and we have shared our position with the US at different levels," Kumar said.
"These discussions have contributed to a better understanding by the US on our objectives, our concerns, as well as our sensitivities and expectations."
The S-400 missile deal, signed during the visit of Russian President Vladimir Putin to New Delhi earlier this month, has been an issue of much speculation after the Trump administration's Countering America's Adversaries Through Sanctions Act (CAATSA) law came into effect in January. CAATSA targets countries doing business with Russian, Iranian and North Korean defence companies.
A group of US senators imposed the sanctions on Russia over what they called Moscow's continued involvement in the wars in Ukraine and Syria and its alleged interference in the 2016 US presidential election.
Following the signing of the S-400 deal, the US Embassy spokesperson here said that the intent of her country's implementation of CAATSA was "to impose costs on Russia for its malign behaviour, including by stopping flow of money to Russia's defence sector".
Spokesperson Jinnie Lee said that CAATSA was "not intended to impose damage to the military capabilities of our allies or partners".
There have also been concerns in New Delhi following fresh US sanctions on Iran, set to come into effect on November 4, since the West Asian nation is a major supplier of crude oil to India.
The US pulled out of the Joint Comprehensive Plan of Action (JCPOA) that Tehran had signed with the five permanent members (P5) of the UN Security Council, Germany and the European Union and imposed the new sanctions on the West Asian nation over its nuclear programme.
Under the sanctions, the US wants all countries in the world to stop importing oil from Iran.
"On the Iran issue and the issues growing out of the US withdrawal from the JCPOA, again we are engaged with all stakeholders in this matter," spokesperson Kumar said.
"Our expectations have been made known to the US side."
Kumar said that India appreciates the statement made by US Secretary of State Mike Pompeo that the intention of imposing sanctions on Iran is not to hurt India.
"We do intend to continue our engagement with the US and other stakeholders to ensure our energy security and to protect our national interest," he stated.
He also said that Brian Hook, the Special Envoy of the US on Iran, visited India and held discussions with several officials and interlocutors in different ministries.
"Basically, he also wanted to understand our position and our perspective on this matter," Kumar said.
"We have conveyed to him that the price of crude oil is a matter of concern for the domestic economy and directly impacts the common man."
New Delhi, Oct 18 (IANS) The Enforcement Directorate (ED) on Thursday served a show-cause notice on news broadcaster NDTV for allegedly flouting foreign exchange regulations in availing of overseas and foreign direct investment facilities of over Rs 4,300 crore.
In a statement, the financial probe agency said: "The investigation showed FEMA (Foreign Exchange Management Act) contraventions relating to receipt of foreign direct investment by NDTV to the extent of Rs 1,637 crore and the other relating to overseas investments to the tune of RS 2,732 crore."
The show-cause notice, issued under the FEMA, was issued to the founders and executive co-chairpersons of the group -- Prannoy Roy and Radhika Roy, journalist Vikram Chandra and a few others.
THe ED also issued notice to Harpreet Singh Duggal of NGEN Media Services Pvt. Ltd, Anshuman Misra of Turner General Entertainment Networks India Pvt Ltd, Sameer Chandran Nair, who was earlier Director in NDTV Imagine Pictures Ltd and Alliance Lumiere Ltd, Grant Scott Ferguson of South Asia Creative Assets Ltd.
The financial probe agency said: "The investigation revealed that NDTV received FDI of Rs 725 crore and that only CCEA (Cabinet Commiittee on Economic Affairs) was competent to permit FDI in excess of Rs 600 crore."
"In the case of NDTV no CCEA approval was taken," it said, adding that the FDI was projected as below Rs 600 crore as part of "larger conspiracy".
"While applying for FIPB Foreign Investment Promotion Board) approval, NDTV projected FDI as varying between $130-160 million. Documents of FIPB section also projected FDI differently as Rs 585 crore ($130 million at Rs 45 per dollar).
"However, FDI finally received by NDTV was $163 million," it said.
The ED also said that there were offences to the tune of Rs 1,378 crore in respect of delays in reporting and filing information with RBI (Reserve Bank of India) such as Foreign Inward Remittance Certificate, FCGPR, FCTRS etc. and delays in allotment of shares.
"Delays were also recorded in reporting and filing information with RBI such as ODA form, annual performance report etc. to the tune of Rs 2,286 crore," it said.
It said that further, NDTV Imagine Ltd., then a subsidiary of NDTV Ltd. (now known as Turner General Entertainment Networks India Pvt. Ltd.), has also been charged with delays in filing and reporting information with RBI to the extent of Rs 853 crore.
NDTV Ltd's another subsidiary -- NGEN Media Services Pvt. Ltd., which has now been merged with Genpact India Ltd -- has also been charged with delays in reporting and filing information with RBI to the extent of Rs 30.48 crore.