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Union Finance Minister Nirmala Sitharaman has made it clear that India cannot suddenly stop buying crude oil from Russia nor can it immediately shift to other suppliers. He said that this is necessary to meet the needs of 140 crore people. At the ‘BusinessLine Changemaker Awards’ on Tuesday, Sitharaman said that if India stops taking…
US President Donald Trump can now impose up to 100% tariff on India. Trump has signed this bill and it has become law. The House of Representatives, the lower house of the US Parliament, on Wednesday passed a bill imposing up to 100% tariff on 5 countries that buy more oil from Russia. There were…
The Central Government has also reduced the excise duty on ethanol blended petrol of level above E20 (20% ethanol blending) to zero. It has been said in the government notification that no excise duty will be imposed on petrol with 22% to 30% ethanol mix. The Central Government has taken a big step to reduce…
Hindi News Business India Continues Russia Oil Buys Despite US Sanctions; May Imports Hit 2.3M BPD New Delhi1 hour ago copy link On Monday, Sujata Sharma, Joint Secretary of the Petroleum Ministry, gave information about the supply of petrol, diesel and LPG in the country. India will continue to buy crude oil from Russia even…
Hindi News Business India Continues Russia Oil Buys Despite US Sanctions; May Imports Hit 2.3M BPD New Delhi8 minutes ago copy link India will continue to buy crude oil from Russia even after the sanctions relief provided by America ends. Joint Secretary of the Petroleum Ministry, Sujata Sharma, made it clear in the press briefing…