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INDIA JUTE IMPORT RESTRICTIONS
India Semiconductor Mission 2.0 gets EFC nod with ₹1.2 lakh crore outlayIndia's semiconductor ambitions are set for a major boost with the Expenditure Finance Committee approving nearly ₹1.20 lakh crore for the ...- Govt extends customs duty waiver on import of key petrochemical products till July 15The government has extended the nil customs duty on approximately 40 critical petrochemical products by another 15 days, now until July 15....
- India's Russian oil imports to hit record high in June, data showsIndia's Russian oil imports hit an all-time high in June, reaching approximately 2.70 million barrels per day. This surge is attributed to ...
- Anthropic's export restrictions are fueling Asia's AI boomThe US move has allowed Asian firms to establish themselves in a market dominated by a handful of US companies.
- Asia's crude oil imports tick up in June but uncertainty reignsAsia's crude oil imports saw a slight June uptick but remain near decade lows, impacted by the Iran conflict disrupting Middle East shipmen...
- India lifts curbs on retail sale of petrol, diesel to commercial buyers from July 1India has removed restrictions on commercial buyers purchasing petrol and diesel from retail outlets, effective July 1. These emergency mea...
- Waaree Energies shares crash 5%. Can this US ruling dent solar panel maker's image for long?Waaree Energies shares fell nearly 5% after a US Customs ruling triggered concerns over reputational impact despite the company’s clarifica...
- Petroleum vulnerability rising, India must build crude buffers and cut import dependence, EY cautionsIndia faces mounting vulnerability due to its soaring dependence on imported crude oil, now exceeding 90%. A recent EY report urges augment...
- FEMA rules revision: Exporters flag at least half-a-dozen worriesIndian exporters are urging the Reserve Bank of India to reconsider revised FEMA regulations, citing potential disruptions to trade and liq...
- Shelf-life norms for imported drugs may be relaxed to reduce wastageIndia is set to revise rules for imported medicines, proposing a 12-month minimum residual shelf life instead of the current 60% rule. This...
- Indian refiners unlikely to rush for Iranian oil despite temporary US sanctions waiver, says analystIndian refiners are unlikely to sharply raise purchases of Iranian crude despite a 60-day US sanctions waiver, as uncertainty over its dura...
- Middlemen offer Iranian oil to Indian refiners after US waiver, traders sayMiddlemen and Iran's state oil company are offering discounted Iranian crude to Indian refiners after the US granted a 60-day sanctions wai...
- Bangladesh urges China to reduce trade gapBangladesh's Prime Minister Tarique Rahman urged China to reduce the trade gap and diversify exports during his Beijing visit. He sought su...
- Government restores non-domestic LPG supplies to pre-crisis levelsIndia has restored non-domestic packed LPG supplies to their pre-crisis levels. This welcome development follows a significant improvement ...
- India may approve $370 million Chinese-linked auto investment, first in nearly a decadeIndia is poised to approve a significant $370 million investment from Horse Powertrain Ltd., a hybrid-engine venture backed by China's Geel...
- India will monitor Chinese steel imports before deciding on further curbs, source saysIndia is closely watching steel imports, particularly from China, for another two months before deciding on further actions. Despite a thre...
- Drugmakers yet to see gains from government's minimum import price policyGovernment's Minimum Import Price (MIP) initiative to boost domestic drug makers faces a slow start. Despite setting price thresholds for k...
- When frontier AI can be switched off: India's sovereignty challengeIndia must not depend on foreign AI models, as US export controls demonstrate potential access denial. Past reliance on external tech, like...
- India-bound fertilizer ships cross Hormuz, government saysFour cargo ships laden with vital fertilizers like urea and di-ammonium phosphate have successfully navigated the Strait of Hormuz, en rout...
- India takes the shine off silver as imports plunge 82% in May after duty hikeMay witnessed a steep decline of over 81% in India's silver imports, a result of the government's recent moves to hike import duties and re...
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