New Delhi: Imports of vegetable oils, including edible and non-edible oils, rose 18 per cent to 15.5 lakh tonnes in June due to higher imports of crude palm oil and crude sunflower oil, according to trade data.Solvent Extractors Association of India (SEA) data showed that imports of vegetable...
New Delhi: Shares of oil exploration and production companies were in the news on Thursday, with Oil India rising over 7 per cent amid hopes of greater focus on domestic exploration and production (E&P).Oil India shares jumped 7.55 per cent on BSE while Hindustan Oil Exploration Company shares...
London, the UK Trade Remedies Authority (TRA) has launched a transitional anti-subsidy review of a countervailing measure on imports of polyethylene terephthalate (PET) plastics from India, to assess whether duties should continue to apply of almost 13 percent.TRA, an “independent body” of the...
In New Delhi, Oil Minister Hardeep Singh Puri on Thursday called for intensifying the search for oil and gas to reduce India's dependence on imports and make the fuel available in an affordable and sustainable manner.Speaking at the Urja Varta conference, he said that the exploration and...
In a post on theThe minister said that in 2014-15, India produced only 5.8 crore mobile phones and imported about 21 crore mobile phones."In 2023-24, India will produce 33 crore phones and export about 5 crore mobile phones," the minister said.Telecom equipment manufacturing was a dream...
New Delhi: India's coal imports rose 5.3 per cent to 52.29 million tonnes (MT) in the first two months of the current financial year compared to a year ago.According to data compiled by mJunction Services Ltd, a B2B e-commerce platform from a joint venture between Tata Steel and SAIL, the...
New Delhi [India], The US Federal Reserve, at its last meeting, noted a lack of significant progress towards achieving the 2 percent inflation target, although it added that there had been modest improvements in recent months, such as is highlighted in the Federal Reserve's policy minutes. ...
New Delhi, India has initiated anti-dumping investigation into imports of Chinese lift guide rails following a complaint by a domestic player.The purpose of this duty is to protect the domestic industry from cheap imports.The Directorate General of Trade Remedies (DGTR), the investigation...
New Delhi: India has not provided any tariff rate quota (TRQ) for import of milk and its products since 2014-15, a senior commerce ministry official said on Monday.Director General of Foreign Trade (DGFT) Santosh Kumar Sarangi said that in the last 20 years, imports of milk and milk products...
"Afghanistan's exports and imports during the first quarter of the Persian calendar year 1403 amounted to approximately US$2.577 billion, of which exports were US$304 million and imports were US$2.273 billion," ministry spokesman Akhundzada Abdul Salam Jawad told local media outlet Ariana News...
New Delhi [India], Stating that India's silver imports from the United Arab Emirates (UAE) have risen "giantly" to $1.44 billion in a year, Congress leader Jairam Ramesh asked: "Is there a chandi ghotala (silver scam)?The Congress General Secretary said India's silver imports from the UAE had...
New Delhi [India], Congress on Saturday took aim at Prime Minister Narendra Modi over the rise in Indian imports from China and said it is time to adopt a proper strategy to wean India away from its dependence on China, ensuring that funds of taxpayers do not benefit Chinese companies...
New Delhi: The government on Friday said the annual growth in India's coal imports has slowed to just 2.49 per cent over the past decade till FY 2024 as the country moves towards becoming self-reliant in energy security.The compound annual growth rate (CAGR) of coal imports from 2004-05 to...
New Delhi, India on Thursday imposed anti-dumping duties on three Chinese products, including hydraulic hammer, aiming to protect domestic players from cheap imports.These duties were imposed following a recommendation from the Directorate General of Trade Remedies (DGTR) of the Ministry of...
New Delhi [India], India's energy future will continue to rely heavily on coal, even as the country navigates challenges and opportunities in oil, LNG and renewable energy.According to a comprehensive view from S&P Global Commodity Insights (GCI), India's strategic priorities in energy...
New Delhi, Commerce Ministry's investigation arm DGTR has recommended continuation of countervailing or anti-subsidy duty on welded stainless steel pipes and tubes from China and Vietnam to protect domestic players.The Directorate General of Trade Remedies (DGTR) has said in a notification...
New Delhi [India], June 22: The World Gold Council has released its latest update on the Indian gold market, highlighting a period of subdued demand following a festival-driven surge in buying.According to the WGC press release, despite this pause, the gold market remains strong with...
New Delhi, Edible oil industry body SEA has urged the government to give priority to agriculture and launch a national mission with adequate financial support to boost oilseed production in the upcoming Budget 2024-25.In a pre-Budget memorandum, the Solvent Extractors Association of India...
New Delhi [India], in a reversal from its status as a net steel exporter since FY2017, India has become a net importer in FY2024, recording an overall steel trade deficit of 1.1 million tons (MT), according to a CRISIL study. report.The development highlights a dynamic shift in the country's...
New Delhi [India]: India's merchandise exports grew by more than 9.1 percent to US$38.1 billion in May compared to the same month last year, a CRISIL report said.The report said that the country also saw a slight growth of 1.1 percent in exports compared to April. This growth was driven by...