Oil prices fell on Thursday, erasing early gains and heading down, a day after a drop sparked by a US interest rate rise, albeit tight supplies restricted losses. Brent crude prices were down 45 cents, or 0.4 percent, to $118.06 a barrel by 0906 GMT, while WTI crude futures were down 44 cents to $114.87, […]
Read MoreIn May of this year, India’s palm oil imports fell by 33.20 percent to Rs 5,14,022 tonnes, while refineries sent more RBD palmolein oil, according to the industry group Solvent Extractors Association (SEA). In May 2021, India, the world’s largest importer of vegetable oils, bought 7,69,602 tonnes of palm oils. This year in May, the […]
Read MoreFinance Minister Nirmala Sitharaman will unveil a Single Nodal Agency (SNA) dashboard on Tuesday, which would allow ministries and agencies to track the flow of money to states and their use. According to a statement from the finance ministry, the SNA dashboard was created to provide stakeholders of the SNA model with the essential feedback […]
Read MoreAccording to four trade sources, India exported a record 1.4 million tonnes of wheat in April, bringing some relief to grain markets as buyers hunt for alternatives to the Black Sea supply hit hard by the Ukraine conflict. The first month of the fiscal year is April. In fiscal 2021-22, India, the world’s second-largest wheat […]
Read MoreAccording to persons acquainted with the situation, India is considering reducing tariffs on various edible oils to chill the home market after the war in Ukraine and Indonesia’s restriction on palm oil exports caused prices to rise. India, the world’s largest importer of vegetable oils, is trying to reduce the agriculture infrastructure and development cess […]
Read MoreNirmala Sitharaman, India’s finance minister, met with officials from the US semiconductor sector and asked them to invest more in India. The Finance Minister discussed prospects for enterprises in Silicon Valley, as well as the government of India’s resolve to be a reliable partner in the whole semiconductor value chain, with the Indian Semiconductor Mission […]
Read MoreIn the fiscal year that ended on March 31, India’s crude oil import bill then doubled to $119 billion, as global energy prices skyrocketed following the restoration of demand and the crisis in Ukraine. According to data from the energy ministry’s Petroleum Planning & Analysis Cell, India, the world’s third-largest oil consumption and importing nation, […]
Read MoreRegulating crypto assets along with digital currency, addressing the remaining regulatory concerns in the banking sector, and integrating with the global economy are among the few mid-term structural issues for India, a top official from the International Monetary Fund has said. Overall, the IMF is looking at India in “a very positive fashion,” Tobias Adrian, […]
Read MoreIndia on Wednesday allowed duty-free imports of cotton until September 30 as prices in the local market jumped to a record high because of a drop in the production, the government said in a notification. The world’s biggest producer of fiber also removed the Agriculture Infrastructure and Development Cess (AIDC) on the imports, the government […]
Read MorePetrol and diesel prices have been hiked by 80 paise a liter each this morning, CNBC-TV18 reported, taking the total increase in the last two weeks to Rs 9.20 per liter. This is the 13th increase in prices in the last 15 days since the end of a four-and-half-month long hiatus in rate revision. Rates […]
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