![]() | Government keeping eye on volatile rupee, says Finance ministry officialIndia’s current account deficit hit a record high of $23.5 billion in May on account of higher commodity prices. |
![]() | Trade deficit hits fresh high in June on coal, gold, oil importsThe 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. |
![]() | Windfall tax on crude oil: Govt rakes in Rs 1.3 lakh crore; here's what brokerages sayJP Morgan said while the duties on steel/iron ore helped reduce domestic prices and curb inflation, a higher tax on gold should decrease imports and help the external balance marginally. |
![]() | Import duty increase to dent gold demandThe reason for the hike in duty was to rein in the current account deficit , thereby reducing pressure on the rupee, which breached the 79 to the dollar mark on Thursday. |
![]() | Government hikes gold import duty to 15 per centEarlier, the basic customs duty on gold was 7.5 per cent, now it will be 12.5 per cent. |
![]() | BMC enforcement drive ahead of nation-wide ban on single-use plasticThe Civic body has also not been able to prevent use of single-use plastic, that constitutes nearly 70 per cent of trash in the city. |
![]() | Delhi police arrest three with tobacco products worth Rs 30 lakhThe contraband approximately worth Rs 30 lakh contains 16,190 packets of illegally smuggled imported cigarettes and 580 packets of cigars. |
![]() | Adani among 11 bidders in race for Coal India's Rs 3,100 crore import tenderThe state-run company recently floated three e-tenders to source coal from overseas on behalf of state gencos and independent power plants (IPPs) for blending with the domestic coal. |
![]() | Imports from China increased by 45.51 per cent in FY22 to Rs 7.02 trillion: Commerce Ministry dataIndia’s exports to China grew by 0.61% in FY22, which increased in FY21 by 33.59%. The major items of exports included iron and steel, ores, slag and ash and organic chemicals. |
![]() | Gold imports surge in May on revenge buyingHowever, 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. |
![]() | EU to import oil from Israel via Egypt amid Ukraine-Russia warIn the year 2021, the European Union imported roughly 40% of its gas from Russia, making it difficult for the EU to impose sanctions on Russia over its ongoing conflict with Ukraine. |
![]() | 'Cut tea drinking by 1-2 cups': Pakistan minister's request in bid to reduce import billPakistan'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. |
![]() | India's palm oil imports dip 33 per cent in May: SEAThe 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. |
![]() | Coal import may fall 11.4 per cent to 186 mt this fiscal: GovernmentEven as Coal India (CIL) has issued a tender to import coal from overseas, the country’s coal import is likely to decline by 11.4 per cent to 186 million tonnes (MT) this fiscal. |
![]() | Amid Ukraine war, Russia overtakes Saudi Arabia to become India's second biggest oil supplierRussian-origin crude hit 5 per cent of India's total seaborne imports in April for the first time, rising from under 1 per cent throughout 2021 and Q1 2022, the data showed. |
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