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palm oil, import, consumption, lower price, vegetable oils, sunflower oil, India

Palm oil imports in India could jump to 4-year high as consumption increases after two years contraction

“Consumption fell for two straight years because of the pandemic. This year, it would rebound by about 5% as restrictions…

March 7, 2023 10:45 IST

quality control, import, household electrical appliances, DPIIT, BIS, global markets, manufacturing, compliance, regulation, toy exports

Govt to come up with 58 quality control orders in next 6 months to stop imports of sub-standard goods

The department for promotion of industry and internal trade (DPIIT) is working hard to promote manufacturing of high quality products…

March 6, 2023 10:00 IST

palm oil, import, vegetable oils, Soyoil imports, demand, sunflower oil. duty free, crude, tax

India’s Feb palm oil imports fall to 8-month low, say dealers

The reduction in palm oil imports by India, the world’s biggest importer of vegetable oils, could weigh on Malaysian palm…

March 3, 2023 09:57 IST

Russian oil, crude oil, price cap, purchase, Ukraine invasion, Indian economy, oil market, refnery

India buying Russian oil below the Western price cap, officials say

India’s purchases of Russian oil are a constant topic of discussion between the US and India as Washington seeks to…

March 2, 2023 14:00 IST

sunflower oil, export, import, sunflower seed, TRQ, DGFT, tariff, duty-free

Govt discontinues imports of crude sunflower seed oil under tariff rate quota from April 1

“Last date for import of crude sunflower seed oil under TRQ has been revised to March 31, 2023. Further, no…

March 2, 2023 09:50 IST

MRPL, refinery expansion, petrochemical production, investment, oil demand, consumption, transport fuels, importer, ONGC

Fear of breaching Western sanctions might slow Russian oil imports to India

Indian refiners are scrambling, said executives from two state-owned processors and two banks. They added the checks — which bankers…

February 28, 2023 13:11 IST

customs duty, Budget 2023, Make in India, GTRI, merchandise imports, export, duty slabs, manufacturing, free trade agreements

Customs duty changes in Budget will promote Make in India initiative: GTRI

The Global Trade Research Initiative (GTRI) said the import duty changes in Union Budget 2023-24 affect products that count for…

February 3, 2023 11:24 IST

economy, economic activity, tax collection, expansion, input costs, business expenses, manufacturing, exports, global economy, consumer activity, demand

India’s buzzing economic activity belies fears of a slowdown

Consumer spending boosted tax collection and manufacturers signaled optimism about the future, while services sector saw expansion of new businesses.

January 19, 2023 13:13 IST

economic crisis, Pakistan, energy import, energy consumption, external debt, auction, price rise, imported fuel, economy, import cost, global inflation, political instability, foreign exchange reserves, bailout package, IMF

Pakistan economic crisis explained: Why is India’s neighbour forced to shut malls, markets, wedding halls

Pakistan is struggling to cope with growing debt, inflated energy import costs, dwindling foreign exchange reserves, global inflation, political instability,…

January 6, 2023 18:10 IST

buffalo meat, buffalo meat import, India, Indonesia, bovine meat, Jakarta

India asks Indonesia to raise buffalo meat imports quota

Officials said that if exports of bovine meat is allowed through Medane port, located on the north of Indonesia instead…

January 5, 2023 02:15 IST

Import, Free import, import policy, pulses production, economy

Free import policy for key pulses extended by a year

The government in March 2022 had extended the ‘free-import’ policy for two varieties of pulses by a year. Under the…

December 29, 2022 01:00 IST

customs duty, customs duty collection, World Trade Organization, global trade volume growth,

Imports seen slowing further in FY24: Customs collection target may be cut

Falling prices to impact too

December 22, 2022 06:15 IST

RupeeVsDollar, DollarVsRupee, currency, US dollar

Is trade fragmentation a cause for concern?

The nature of the economy, its present stature, competitiveness and geo-political positioning are crucial determinants of trade fragmentation.

December 19, 2022 12:34 IST

Millet exports to get a leg up

Retail chains like Lulu, Al Jazira, Carrefour to be roped in.

November 9, 2022 00:45 IST

Govt reverts to releasing trade data only once a month

From this month, the commerce ministry will stop a two-year-old practice of releasing preliminary goods trade data before firming up…

November 5, 2022 02:45 IST

India’s Wholesale inflation at 10.7% in September; remains in double digits for 18 months in a row

The WPI inflation levels have been on a downward trend since the spike witnessed in May when it came in…

Updated: October 15, 2022 23:27 IST

Exporters keeping fingers crossed as recession clouds loom over EU

India’s exports to the EU stood at USD 30.8 billion during April-August 2022. It was USD 65 billion in 2021-22.

October 9, 2022 15:26 IST

Concessional import duties on edible oils in place till March 2023

The food ministry in its latest statement said that the CBIC’s decision of extending existing concessional import duties on specified…

October 2, 2022 15:18 IST

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‘We will grow our headcount, but…,’ says Microsoft CEO Satya Nadella

Technology41 min ago

Microsoft CEO Satya Nadella announced tech giant’s plans to expand the workforce, focusing on AI and operational efficiency. “I will say we will grow our headcount, but the way I look at it is that the headcount we grow will grow with a lot more leverage than the headcount we had pre-AI,” he said. He also stressed the need to adapt to new ways of working as AI becomes central to Microsoft.

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