Some Indian refiners, including a private refiner, have paid for some Russian oil imports in Chinese currency Yuan following such demands from suppliers, according to people familiar with the matter.
Some Indian refiners paying Russian oil suppliers in Yuan
India is now the best-performing country amongst all the countries of the South Asia region. The overall score of India has been greater than many developed countries including Canada, France, the UK, Germany etc.
India is not ‘extractive economy’ and is not pursuing ‘narrow economic activities’ in Africa: Jaishankar
3 years ago
In a veiled attack on China, External Affairs Minister S Jaishankar has said that, unlike some other countries, India is not “an extractive economy” and it was not pursuing “narrow economic activities” in the resource-rich African continent. Jaishankar, who arrived here on Thursday after visiting Zanzibar, made these remarks while addressing the Indian community in […]
The EU’s introduction of a Carbon Border Adjustment Mechanism (CBAM), with 20% to 35% tariffs on high-carbon exports, could impede India’s exports of steel, iron ore and cement, according to the the country’s finance ministry. The EU plans to levy the tariffs from 2026 and will start requiring reports of carbon content for such exports […]
The Directorate General of Trade Remedies (DGTR) has initiated a Safeguard duty (Quantitative Restrictions) investigation concerning imports of low ash metallurgical coke (Met Coke) into India. Met coke is used as a primary fuel in furnaces of steel, chemical, Ferro alloy, and pig iron plants. DGTR will be investigating imports of the commodity from April […]
India can also put trade barriers in retaliation to restrictions imposed by some countries, Union Minister R K Singh said on Wednesday. The minister for power, new and renewable energy made the remarks at the first International Conference on Green Hydrogen 2023.
“Under the green tug transition programme, the Jawaharlal Nehru Port, Paradip Port, VOC Port and the Deendayal Port will be buying two green tugs each. In addition, hydrogen hubs will be set up at VOC and Deendayal ports to catalyse the transition towards green fuel,” a senior official aware of the development told ET.
India begins anti-dumping probe into import of Chinese aluminium frames for solar panels
3 years ago
The DGTR in a notification said the applicant has alleged that the product is exported by China into India at dumped prices in significant quantities for a prolonged period and that is impacting the industry.
Shipping industry body to meet Shripad Naik on issue of shore leave permission for seafarers at Mumbai port
3 years ago
The central government grants such permission to seafarers working aboard ships that visit Jawaharlal Nehru Port. However, sailors aboard ships docked at the Mumbai Port do not get shore leave. “A delegation comprising senior MASSA members will soon meet the Union Minister of State for Shipping Shripad Naik in Mumbai to discuss the issues related […]
The Adani-run Vizhinjam Port, being built at a cost of Rs 7,700 crore, will be commissioned in May 2024, according to the Kerala Minister for Ports Ahammed Devarkovil. He said 90 per cent of the port construction work has been completed, and the first ship from China, carrying cranes for use in premises, will be […]