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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...

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...

India to provide additional $500-mn assistance to Sri Lanka for fuel

India will provide an additional $500 million in financial assistance to Sri Lanka for it to buy fuel, Sri Lanka’s foreign minister told reporters on Wednesday,...

IMF official identifies regulating crypto assets and digital currency as priority mid-term issues for India

Regulating crypto assets along with digital currency, addressing the remaining regulatory concerns in the banking sector, and integrating with the global economy are among...

Sri Lankan President Gotabaya Rajapaksa revokes state of emergency

Sri Lankan President Gotabaya Rajapaksa late Tuesday night revoked the state of emergency he had declared on April 1 with immediate effect in his...

Indian imports of Russian energy represent only 1-2% of its total energy imports: White House

Noting that reporting energy payments by India is not sanctioned, the White House said New Delhi's imports of Russian energy represent only one to...

India’s exports rise to record high of $418 billion in FY22

India's merchandise exports spurt to a record high of USD 418 billion in 2021-22 fiscal on higher shipments of petroleum products, engineering goods, gem...

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