Imports

India's import of crude oil from Russia increased in December 2022

Russia, which made up for just 0.2 per cent of all crude oil India imported in the year to 31 March 2022, supplied 1.19 million bpd in December

Government develops new metrics for China trade mismatch; details here

The substantial import of stainless steel flat rolled products of 201 Grade and 201/J3 dual is cleared at the Indian ports at a much lower price

Pakistan university proposes novel idea to boost employment and reduce tea imports, promoting local drinks

This comes in the wake of a Pakistan minister proposing that people drink less tea on 17 June as the country had reportedly consumed tea worth Rs 83.88 billion in the fiscal year 2021-22

Protesters in Sri Lanka demand President Gotabaya Rajapaksa's resignation over economic crisis

Sri Lanka has huge debt obligations and dwindling foreign reserves, and its struggle to pay for imports has caused massive power shortages

Nirmala Sitharaman says Afghan crisis may impact economy; claims inflation has come down

In an exclusive interview to political editor Marya Shakil of CNN-News18, she also addresses the Infosys controversy by saying that the “anti-national statement" made by RSS-backed magazine Panchajanya was not right at all.

India's exports jump 45% to $33.14 bn in August 2021; trade deficit at $13.87 billion

The exports during April-August 2021 stood at $163.67 billion, an increase of 66.92 percent over $98.05 billion in the same period a year ago, the data showed

Coronavirus Lockdown: Commerce minister Piyush Goyal expects better exports performance in May, June

The performance of the country's exports is expected to be better in May and June as compared to the steep fall recorded in April, when the shipments contracted to an all-time high of 60.28 percent, Commerce and Industry Minister Piyush Goyal said on Thursday

RBI monetary policy: Central bank extends Rs 15,000-cr credit line to EXIM Bank to help revive sagging foreign trade

The Reserve Bank on Friday announced a Rs 15,000-crore line of credit to the Export-Import Bank of India, to help the sagging foreign trade

Coronavirus impact: Barclays pegs India's current account surplus at $20 bn this fiscal, first-time in 14 years

As imports continue to plunge due to the coronavirus-driven disruptions globally, India may end the current fiscal with a record surplus of about $20 billion or 70 bps of the GDP, says a report

IOC nears first deal to export fuel in second half of this year to Bangladesh Petroleum Corp

India Oil Corp, the country’s top refiner, is close to winning its first contract to supply diesel, jet fuel and gasoline in the second half of this year to state-run Bangladesh Petroleum Corp, two sources with knowledge of the matter said