India owes Iran $8.8 billion for oil - minister
India owes about $8.8 billion for oil imports from Iran, India`s trade minister said on Friday, as economic sanctions imposed over Tehran`s nuclear programme have cut its access to the global banking system and hit its oil revenue.
Mar 20, 2015, 17:36 PM IST
India asks refiners to cut Iran oil imports ahead of Obama visit: Sources
India has asked its refiners to slash oil buys from Iran in the next two months to keep the imports in line with the previous fiscal year`s levels, sources with knowledge of the matter said, days ahead of President Barack Obama`s visit to New Delhi.
Jan 23, 2015, 05:33 AM IST
Trade deficit falls to 10-month low of $9.43 billion in December
India's trade deficit declined to 10-month low of USD 9.43 billion in December mainly on account of falling imports due to slump in crude prices, though exports too have come down.
Jan 15, 2015, 19:36 PM IST
