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The steep discounts on Russia crude oil that India gorged on since the Ukraine war, have plunged but the shipping rates charged by Russia-arranged entities continues to remain ‘opaque’ and higher than normal, sources said. Russia bills Indian refiners at a price shade less than the $60 per barrel price cap imposed by the West…
Read More “Russia oil discount to India shrinks to $4, delivery charges remain opaque” »
Oil pump jacks outside Almetyevsk in the Republic of Tatarstan, Russia on June 4, 2023. | Photo Credit: Reuters The story so far: As India continues to import oil from Russia, it is getting tougher for the country to pay for it. On the one hand, it faces repercussions of breaching the oil price cap…
Read More “Explained | Why are India-Russia trade payments in crisis?” »
The Chinese Ministry of Commerce announced that it would implement export controls on items related to gallium and germanium. | Photo Credit: Reuters The story so far: On July 3, in what is being seen as the country’s retaliatory move in the ‘chip war’, the Chinese Ministry of Commerce announced that it would implement export…
Read More “Explained | Why is China limiting exports of raw materials? ” »
It’s peak mango season in north India, but varieties of the fruit arriving in the market lack taste, odour and colour. Untimely rains, hailstorms and attacks by semi-looper caterpillars are being cited as reasons for the dip in quality in both home-grown varieties such as Alphonso, Kesar, Dasheri, Chausa, Langda and Lucknowi, and hybrid ones…
Read More “Rain, pests drain mangoes of colour, flavour in north India” »
Tomato inflation: The wholesale price of the tomatoes for the first-grade variety stood above Rs. 100 per kg in many parts of India by the last week of June The sudden and rapid fall in the quantity of tomatoes brought to various mandis across India in the last week of June created a demand-supply mismatch….
Read More “Data | Retail price of tomatoes more than ₹100 a kilogramme in over 50 cities” »
Image used for representative purpose only. | Photo Credit: K.V.S. Giri India has the highest tariffs on inputs in electronic segment among competing economies such as Vietnam and Thailand, ICEA said on July 6 citing its latest study as the industry body made a strong pitch for reduction in tariffs. The high tariffs impact competitiveness,…
“India needs to watch FDI data closely and continue to take measures to facilitate FDI inflows.” | Photo Credit: V. Sudershan The Finance Ministry has made a strong pitch for measures to facilitate Foreign Direct Investment (FDI) flows, that dipped last year and may remain subdued in coming months, mooting greater attention from policymakers to…
Read More “Finance Ministry pushes for reforms to spur FDI inflows” »
Representational image only. | Photo Credit: Twitter/@FinMinIndia “Stellar macroeconomic management in the midst of unprecedented global challenges has put India on a quicker recovery path than has been the case in other nations,” the Finance Ministry said in a report on July 6. “Investments in supply-side infrastructure have raised the possibility of India enjoying sustained…
The unique characteristic of the new variety is that it is not only tasty and nutritious but also suitable for commercial processing for making products like jam, squash and fruit bar. Enthused by the massive response to two farmers’ varieties of jackfruit — iddu and Shankara — which were promoted by it, the Bengaluru-based Indian…
Union Minister for Health & Family Welfare and Chemicals & Fertilizers Mansukh Mandaviya addresses a press conference on Cabinet Decisions, in New Delhi on June 28, 2023. | Photo Credit: PTI The Cabinet Committee on Economic Affairs (CCEA) on Wednesday approved the PM-PRANAM (PM Programme for Restoration, Awareness, Generation, Nourishment and Amelioration of Mother Earth)…
Read More “Biofertilizer scheme gets Cabinet nod; sugarcane FRP hiked” »
