India, Aug. 9 -- India's reliance on imports for much of its crude oil requirements has landed the country in the cross-hairs of US President Donald Trump, who has penalised the country with tariffs of 25% for its trade with Russia, over and above a previous 25% levy. But more than 50 years ago, hopes of cutting this dependence on imported oil received a fillip when explorers discovered oil reserves at Bombay High in 1974, 160km off the west coast of India's financial capital, Mumbai. In August 1976, Hindustan Times wrote about the announcement of a subsequent discovery two years later in an adjoining area in Bassein and detailed exploration and production plans for the country that, at the time, raised hopes of a transformation in India's ...