China's export growth sinks in August, imports shrink

Demand for Chinese exports has softened as economic activity in Western markets slowed and the Federal Reserve and central banks in Europe and Asia raise interest rates to cool surging inflation.

published on : 7th September 2022

Pakistan's trade deficit with neighbouring countries swells

The government has allowed maximum imports from Afghanistan in the rupee on a land route in the post-Taliban regime period. The figures did not reflect those imports made in rupees.

published on : 9th August 2022

Centre annuls condition for states to import coal

"After reviewing, the position of state Gencos now varies significantly. Many states have stocks more than 50 per cent of normative levels whereas many others still have stocks near critical levels."

published on : 3rd August 2022

India’s trade deficit widens to $31 billion in July

The trade deficit in the same month last year (2021) stood at $10.63 billion. In the April-July 2022 period, the trade deficit crossed $100 billion, almost 2.5 times the trade deficit in the same peri

published on : 3rd August 2022

Coal industry urges government to do away with compulsory 10% import order

Following the statement of the minister in parliament on July 25, 2022, the experts said the power ministry should revoke and withdraw the order for import of 10% their coal requirement.

published on : 27th July 2022

Imported coal 10 times costlier for power generators

The government had directed power generators to import 10% of their coal requirement for blending.

published on : 16th July 2022

MSMEs not to be affected by recession: Government

According to a government official, most countries import Indian petroleum products, chemicals & drugs and pharma items, for which demand will never fade.

published on : 16th July 2022

India’s crude imports from Russia up 7.2 times in April-May 2022

India, which used to import around 2% of its oil needs from Russia, has enhanced its imports ever since the war broke out between Russia and Ukraine.  

published on : 14th July 2022

US ban on Xinjiang imports hits China's supply chain

The Chinese manufacturing hub of Xinjiang is produced with forced labour & therefore, can't be imported into the US unless companies are able to provide "clear & compelling evidence" to the contrary.

published on : 11th July 2022

Government keeping eye on volatile rupee, says Finance ministry official

India’s current account deficit hit a record high of $23.5 billion in May on account of higher commodity prices.

published on : 5th July 2022

Trade deficit hits fresh high in June on coal, gold, oil imports

The trade deficit majorly burgeoned on account of high coal imports, which witnessed a growth of 242%, followed by gold and petroleum at 169% and 94.2%, respectively.

published on : 5th July 2022

Government hikes gold import duty to 15 per cent

Earlier, the basic customs duty on gold was 7.5 per cent, now it will be 12.5 per cent.

published on : 1st July 2022

Gold imports surge in May on revenge buying

However, trade sources and economists expect demand to rationalise amid high inflation. By quantity also, imports in May are estimated at 100-plus tonnes as against 28.5 tonnes in April.

published on : 16th June 2022

'Cut tea drinking by 1-2 cups': Pakistan minister's request in bid to reduce import bill

Pakistan's Federal Minister for Planning made the appeal after the federal budget document for the last fiscal year showed a Rs 13 billion increase in tea imports from the year before that.

published on : 15th June 2022

India's palm oil imports dip 33 per cent in May: SEA

The import of RBD palmolein rose sharply to 1 lakh tonnes from 2,075 tonnes, while that of crude palm kernel oil (CPKO) declined to 4,265 tonnes from 11,894 tonnes in the said period.

published on : 14th June 2022

Steel industry seeks government intervention to check coking coal price 

At the current price range, the industry expert said, the cost of coking coal alone in steel making is around Rs 28,000 to Rs 30,000 per tonne, which works to about 40-45 per cent of production cost.

published on : 12th June 2022

India to ramp up coal output to reduce dependence on imports: Moody's Investors Service

The government has recently mandated CIL to import coal as an emergency measure to avoid a shortage of coal for the country's power utilities and build up buffer stock

published on : 7th June 2022

Oil imports from Russia likely to go up by 20 per cent in June

Imports of Russian crude by India are likely to grow by 20% month-on-month to 1.05 million barrels per day (bpd) in June, as per the data compiled by commodity analysts Kpler. 

published on : 4th June 2022

Decline in coal imports in FY'22 on account of less buying by power sector: Centre

Coal imports that had touched 248 million tonnes in FY'20 dropped continuously during the next two financial years to 215 MT in 2020-21 and 209 MT in 2021-22.

published on : 2nd June 2022

Sri Lanka to receive 65,000MT of urea from India

Sri Lanka is aiming to boost its agriculture sector to avoid any disruption in the agriculture market following the drop in the paddy cultivation in the Maha session.

published on : 14th May 2022
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