The Reserve Bank of India's (RBI) record dividend payout of Rs 2.87 lakh crore is expected to directly repair the government's balance shee...

Oil companies face continued losses of Rs 7-8 per litre on petrol and diesel, with a breakeven point only at crude prices of $85-87 a barre...

The U.S. is increasing pressure on Cuba, but unlike Venezuela, the island nation lacks a clear opposition leader or succession plan. Cuba's...

Amidst rising crude oil prices and a weakening rupee, Prime Minister Modi has urged Indians to embrace austerity. His call to reduce fuel c...

Russia’s central bank has sold 21.8 tonnes or 22,000 kilograms of gold so far in 2026 to help fund the country’s widening budget deficit, w...

Russian oil output saw a significant drop in April. Ukrainian drone attacks on key ports and refineries forced Russia to cut production. Th...

In a remarkable twist for Russia's economy, oil tax revenues are projected to soar to $9 billion by April, doubling amidst the turbulent gl...

Russian state oil and gas revenues saw a significant drop in March. Revenues fell by 43 percent to 617 billion roubles compared to last yea...

Russia has sold physical gold from its central bank reserves for the first time in 25 years to address a widening budget deficit fueled by ...

As economic challenges mount, the Russian government is deliberating on a significant 10% cut to discretionary spending. The viability of t...

Global oil prices have surged following strikes on Iran, reaching their highest point since July 2024. However, this price increase is not ...

Russia may miss its revenue target for 2024 and be forced to increase business taxes if the rouble strengthens more than expected and econo...

Moscow is spending heavily on its armed forces as it prosecutes what it calls a "special military operation" in Ukraine, and social spendin...

The law, passed by parliament last week, changes the oil price assumptions that Moscow uses to calculate its multi-billion rouble tax levy ...

It said the new deficit forecast was contained in amendments to the 2015-2017 three-year budget that were approved by the government.

India’s huge dependence on fuel imports is what differentiates it from most other emerging market economies.

Russia is facing first budget deficit in a decade in 2009 and would make up for the shortfall with money from the Reserve Fund.