Trade
Ahead of 2+2, India’s oil imports from US soar as Iran oil keeps flowing
04 Sep 2018
Reports quoting government officials said the US trade deficit with India had been brought down by over $1 billion last year and India will also be importing oil worth $2.5 billion from the US this year, as part of its efforts
BISTEC pledges peaceful, sustainable Bay of Bengal region
31 Aug 2018
The `Agenda 2030 for Sustainable Development’ adopted at the summit acknowledges the need for enhanced inter-linkages and inter-dependence within the economies and societies in the BIMSTEC member states
India seeks China role in northeast connectivity plan
16 Aug 2018
After 20 rounds of border talks, India seems to have veered round to accepting part of China’s belt-and-road initiative that involves connecting the northeastern states with Bangladesh’s Chittagong port
India’s July trade deficit hits a 5-year high of $18.02 billion
14 Aug 2018
While India exported goods worth $108.24 billion in April-July 2018-19, imports into the country stood at $171.20 billion, showing a cumulative trade deficit of $62.96 billion
India to respond to US import tariffs despite STA-1 status
04 Aug 2018
India will start imposing higher duties on select imports from the United States beginning 18 September as Washington refused to exempt Indian exports of steel and aluminium to the US from punitive tariffs
India’s oil imports from Iran spike ahead of US sanctions
24 Jul 2018
Iran has now displaced Saudi Arabia as India’s No. 2 oil supplier after Iraq, as state-run refiners bought more oil from it ahead of the US-imposed embargo that comes into effect in November
PM on a 5-day Africa tour; to sign defence, trade pacts with Rwanda
24 Jul 2018
Prime Minister Narendra Modi has left for Rwanda on the first leg of a five-day state visit to Africa that will also cover Uganda and South Africa
India, Iran to maintain trade levels despite US pressure
19 Jul 2018
External affairs minister Sushma Swaraj will travel to Tehran for the next India-Iran Joint Commission meeting in November, which is the month US sanctions on energy trade take effect
India’s June trade deficit hits a 5-year high of $16.61 billion
14 Jul 2018
For the first quarter of the current fiscal (April-June 2018-19) exports from the country stood at $82.47 billion while imports climbed to $127.41 billion, registering a trade deficit of $44.94 billion
Russia, India look for ways to smoothen forex dealings amidst US sanctions
06 Jul 2018
Since all Indo-Russian transactions are denominated in US dollars, Indian banks are reluctant to process them fearing loss of American and European businesses
Canada hits the US with $12-6 bn retaliatory tariffs
30 Jun 2018
The reataliatory measures that target a range of US products from orange juice and ketchup to steel, aluminum, yatchs and consumer goods, will come into effect on Sunday, 1 July
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