‘Relieve the tariff,’ US senator says Indian envoy asked him to convey to Trump amid oil squeeze

2 months ago

US Senator Lindsey Graham claims Indian Ambassador Vinay Kwatra requested the removal of tariffs on India, imposed due to Russian oil purchases. Graham stated this pressure led India to significantly reduce its imports of discounted Russian crude. Former President Trump also indicated he was unhappy with India’s oil deals and could impose further tariffs.

India’s palm oil imports hit 8-month low in December

2 months ago

India’s palm oil imports dropped significantly in December, reaching an eight-month low. This decline was driven by reduced winter demand and refiners opting for soyoil and sunflower oil. Total edible oil imports saw an increase due to these rival oil purchases. This shift could impact global oil inventories and prices.

India must end Russian oil ambiguity as tariffs loom: GTRI

2 months ago

As tensions rise, India faces a pivotal choice regarding its imports of Russian oil, especially with President Trump issuing threats of increased tariffs on Indian products. The stakes are high, as Senator Graham is advocating for penalties on nations linked to Russian oil purchases, further complicating India’s trade dynamics. With Indian exports to the U.S.

SBI bets on rupee trade to deepen India–Israel economic ties

2 months ago

State Bank of India is set to enable trade settlements between India and Israel using Indian rupees. This move supports India’s goal to boost the rupee’s global use and reduce dollar reliance. SBI’s Tel Aviv branch is ready for these transactions, allowing Israeli businesses to pay and receive rupees.

US could raise tariffs on India if they don’t help on Russian oil issue: Trump

2 months ago

US President Donald Trump said Washington could raise tariffs on Indian goods if New Delhi does not address US concerns over India’s purchases of Russian oil. India became the largest buyer of discounted Russian seaborne crude after the Ukraine war began in 2022, drawing criticism from Western nations that say the trade supports Moscow’s war […]

AYUSH gets recognition in India’s free trade pacts with Oman, New Zealand

2 months ago

India’s traditional medicine system, AYUSH, has achieved formal recognition in bilateral trade agreements with Oman and New Zealand. These agreements, finalized last December, include dedicated sections for health services and traditional medicine. AYUSH and herbal product exports saw a growth of 6.11 percent, reaching USD 688.89 million in 2024-25 from USD 649.2 million in 2023-24.

US strikes Venezuela: Why India is largely insulated from the shock

2 months ago

India is unlikely to face any economic or energy fallout from the Venezuela crisis as its trade links with the country have already shrunk sharply due to US sanctions, according to think tank Global Trade Research Initiative. GTRI said India’s oil imports from Venezuela have fallen steeply since 2019, when sanctions forced refiners and firms […]

Najlepsze bonusy powitalne oferowane przez avia masters dla nowych graczy

2 months ago

W artykule tym przyjrzymy się najlepszym bonusom powitalnym oferowanym przez avia masters dla nowych graczy. Skupimy się na różnych rodzajach bonusów, które mogą znacznie poprawić doświadczenie podczas gry. Zbadamy opinie graczy, aby zebrać autentyczne doświadczenia i wskazówki, które mogą pomóc nowym użytkownikom w podjęciu decyzji. Odkryjemy, dlaczego avia master stał się popularnym wyborem wśród graczy […]

India urges Russia to lower trade barriers for Indian exports amid rouble pile-up

2 months ago

India is pushing Russia to remove trade hurdles for its electronics, engineering goods, food, and fisheries. This move aims to unlock billions of roubles stuck in Russian banks due to oil imports. Indian exporters face challenges with Russian standards and software requirements.

Government announces Rs 7,295-cr export package to improve exporters’ access to credit

2 months ago

The government has unveiled a Rs 7,295-crore export support package, including a Rs 5,181-crore interest subvention scheme and Rs 2,114-crore collateral support, to enhance exporters’ access to credit. These initiatives, spanning 2025-31, aim to address trade finance challenges, offering subsidies and guarantees to eligible MSMEs, particularly for defence and SCOMET products.

‘Relieve the tariff,’ US senator says Indian envoy asked him to convey to Trump amid oil squeeze

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