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Economy

Oil prices dropped as the US rate hiked, but constrained supply remains a concern

Oil prices fell on Thursday, erasing early gains and heading down, a day after a drop sparked by a US interest rate rise, albeit...
Economy

According to SEA, India’s palm oil imports fell 33% to 514,022 tonne in May

In 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,...
Economy

Today, Nirmala Sitharaman will introduce the single nodal agency dashboard

Finance Minister Nirmala Sitharaman will unveil a Single Nodal Agency (SNA) dashboard on Tuesday, which would allow ministries and agencies to track the flow...
Economy

India sells a record 1.4 million tonnes of wheat in April as Black Sea supplies fall

According to four trade sources, India exported a record 1.4 million tonnes of wheat in April, bringing some relief to grain markets as buyers...
Economy

To keep edible oil prices from rising, the govt intends to reduce taxes on it

According to persons acquainted with the situation, India is considering reducing tariffs on various edible oils to chill the home market after the war...
Economy

Nirmala Sitharaman US semiconductor firms will increase their investments in India; With incentives 

Nirmala 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...
Economy

In FY22, India’s oil import cost more than doubled to $119 billion.

In the fiscal year that ended on March 31, India's crude oil import bill then doubled to $119 billion, as global energy prices skyrocketed...
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