Jaishankar defends India's crude oil imports from Russia: 'It's my moral duty to...'
While addressing the Indian community in Bangkok, External Affairs Minister S Jaishankar also discussed the surge in energy prices across the world due to the ongoing Russia-Ukraine war.
Aug 17, 2022, 11:51 AM IST
India's oil import bill doubles to USD 119 bn in FY22
India had spent USD 62.2 billion on the import of 196.5 million tonnes of crude oil in the previous 2020-21 fiscal, when global oil prices remained subdued in the wake of the COVID-19 pandemic.
Apr 24, 2022, 20:23 PM IST
Russian warship sinks, explosions heard in Kyiv; evacuations underway in Mariupol - Top points
In the latest development, Russia informed that its lead warship in the Black Sea sank after an explosion and fire that Ukraine claimed was caused by a missile strike, reported Reuters.
Apr 15, 2022, 08:39 AM IST
India's oil imports from US to rise, amid criticism for Russian purchases
Japanese Prime Minister Fumio Kishida, meeting his Indian counterpart Narendra Modi during a visit on Saturday, said he will encourage a unified approach on Ukraine.
Mar 19, 2022, 15:36 PM IST
Oil price soars on talks about Russia oil ban, Iran deal delay
Global oil prices have spiked more than 60% since the start of 2022, along with other commodities, raising concerns about world economic growth and stagflation.
Mar 07, 2022, 20:40 PM IST
India's December crude oil imports at one-year peak
However, imports were down 4.1% compared with a year earlier and were 5% higher from December 2019 before the onset of the pandemic.
Jan 24, 2022, 22:24 PM IST
Sushma Swaraj holds talks with her Iranian counterpart Javad Zarif, says India only recognises UN sanctions
The US in May 2018 pulled out from the landmark Iran nuclear deal of 2015 under which Tehran had agreed to stop its sensitive nuclear activities in return for the lifting of crippling economic sanctions. Announcing the decision, President Donald Trump had reimposed sanctions against Iran which were suspended after the nuclear deal was finalised three years back.
India's exports grow 8.32% in May; trade deficit hits 30-month high due to increase in gold imports
Nearly three-fold jump in gold imports at USD 4.95 billion led to widening of trade deficit during the last month. It was USD 6.27 billion in May 2016.
Jun 16, 2017, 10:24 AM IST
North Korea oil imports, airline among possible US sanctions targets: Sources
Despite sending a naval force to the Korean peninsula, the Trump administration is focusing its North Korea strategy on tougher economic sanctions, possibly including an oil embargo, banning its airline, intercepting cargo ships and punishing Chinese banks doing business with Pyongyang, U.S. officials say.
Apr 13, 2017, 15:02 PM IST
Exports rise for 4th month in December; up 5.72% at 23.9 billion
India's exports continued to grow for the fourth straight month in December 2016, expanding by 5.72 percent to USD 23.9 billion compared to USD 22.6 billion in the same month of previous year.
Jan 13, 2017, 19:13 PM IST
Modi to bet $1.5 billion on palm oil plan as imports surge
India plans to spend $1.5 billion in the next three years to help farmers grow oil palm trees in an area the size of New Jersey, government sources said, with Prime Minister Narendra Modi pushing to make the nation self-sufficient in edible oils this decade.
Aug 18, 2015, 13:03 PM IST
'Removal of benefits in foreign trade policy to hit exports'
Removal of benefits on exports to African countries in the new foreign trade policy will affect shipments of value added products like cotton dyed and printed fabrics, textile industry body said on Tuesday.
Jun 16, 2015, 20:54 PM IST
Exports dip 20.19% in May; down 6th month in a row
Trade deficit narrowed to a three month low of USD 10.4 billion in the month under review compared with USD 11.23 billion in May 2014, according to data released by the commerce ministry.
Jun 16, 2015, 11:44 AM IST
Exports decline 14% in April; 5th straight month of contraction
Raising fresh concerns about economic growth, India's exports contracted by about 14 percent in April to USD 22 billion due to a sharp dip in petroleum, gems and jewelery shipments, registering decline for the fifth straight month.
May 16, 2015, 00:00 AM IST
State-run oil firms keen to snap up overseas assets: Minister
State-run oil firms looking at buying oil and gas assets aboard.
May 15, 2015, 21:12 PM IST
Exports contracts 14% in Apr to $22 bn
The slump in exports is mainly due to global slowdown, dip in crude oil prices and rupee appreciation.
May 15, 2015, 19:54 PM IST
Exports dip sharply in March; 2014-15 target missed
Falling exports and an increase in gold imports have widened the trade deficit to four-month high of USD 11.79 billion in March.
Apr 17, 2015, 18:44 PM IST
Trade deficit widens to $137 billion in FY15
India’s exports contracted by 21.06 percent to USD 23.95 billion, while imports also fell by 13.44 percent to USD 35.74 billion in March.
Apr 17, 2015, 18:05 PM IST
Make India energy sufficient, cut imports: PM
Modi said plans are afoot to provide piped gas connection to 1 crore households in the next four years from 27 lakh presently.
Mar 27, 2015, 15:02 PM IST
Modi says India should try to cut oil imports by 10% by 2022
Prime Minister Narendra Modi said on Friday India should try to cut oil imports by 10 percent in 2022 from 77 percent now.
Mar 27, 2015, 12:21 PM IST
