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Domestic Coal-Based Power Generation Soars 8.38% To 779.1 Bn Units In April-Nov

In a significant accomplishment, the domestic coal-based power generation soared 8.38% to 779.1 Billion Units (BU) in April-November FY24 , according to an official statement on Saturday. Meanwhile, the domestic coal-based power generation stood at 718.83 BU in the year-ago period. ...

RBI Takes Charge: Regulating Cross-Border Payment Facilitators

The Reserve Bank of India (RBI) has brought all entities facilitating cross-border payment transactions for import and export under its direct regulation. These entities will be treated as Payment Aggregator-Cross Border PA-CB....

RBI to directly regulate entities facilitating cross border payment transactions

The Reserve Bank of India on Tuesday said all entities facilitating cross border payment transactions for import and export of goods and services will be directly regulated by it....

India's Trade Deficit Narrows In September As Exports Hit Triumphant Stride

India's exports have hit a triumphant stride in September 2023, with a strong showing across various sectors that underscores the nation's resilience and global relevance. As the numbers roll in, it's clear that India is not just participating in the international ...

India's Merchandise Trade Deficit Grew To $20.67 Billion In July

India's merchandise trade deficit in July stood at $20.67 billion, according to a Reuters calculation based on export and import data released by the government on Monday, according to Reuters. Economists expected a July trade deficit of $21 billion, according to ...

Govt Imposes Restrictions On Import Of Certain Gold Jewellery, Articles

The government on Wednesday imposed import restrictions on certain gold jewellery and articles, a move which would help cut the import of non-essential items, reports PTI. According to PTI, Now an importer would need a permission of licence from the government ...

Govt Cuts Import Duty On Refined Soybean & Sunflower Oils To 12.5 Per Cent

The government has reduced the import duty on refined soybean and sunflower oils to 12.5 per cent from 17.5 per cent with effect from Thursday to boost the domestic availability and check prices, a finance ministry notification said. Usually, India imports ...

India's Imports From OPEC At All-Time Low As Russian Oil Buy Peaks

Oil producers cartel OPEC's share in India's oil imports declined to an all-time low of 46% in April as purchases of cheaper Russian oil peaked, according to industry data. Organization of the Petroleum Exporting Countries (OPEC) nations, mainly in the ...

India Not To Import Butter And Other Dairy Products To Tap Domestic Sector To Improve Supplies: Rupala

The government would not import dairy products like butter, according to Union Minister Parshottam Rupala, who made this clear on Friday as per PTI. Instead, supplies will be boosted with the aid of a sizable untapped domestic market. The claim that there ...

OPEC+ Output Cut May Lead To Higher 'Oil' Prices, Push Up India's Import Bill: IEA

The International Energy Agency (IEA) on Tuesday termed the decision of OPEC+ to cut oil production as "risky for the global economy", saying it may push up already high prices, leading to higher import bills for nations like India. Global oil ...

'SC Rejects' Custom's Plea On Alleged Overvaluation In Import Of Capital Goods By Adani firms

The Supreme Court has dismissed an appeal filed the customs department against Adani Power Maharashtra Limited (APML), Adani Power Rajasthan Limited (APRL) and others in a case pertaining to alleged over-valuation of imported goods. "We have heard Balbir Singh, Additional Solicitor ...

Government Reduces Customs Duty On Import Of Inputs Used In Mobile Phones

In a bid to promote domestic manufacturing of mobile phones, the government on Wednesday reduced customs duty on import of certain parts and inputs like camera lens, and extended the concessional duty on lithium-ion cells for batteries for another year. Finance ...

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