Latest News, Updates & Breaking Headlines
NEW DELHI: Govt-authorised fertiliser importing agency India Potash Ltd (IPL) is set to import 25 lakh tonnes of urea in the $935-$959 per tonne range — almost double the rate two months ago — in what is being seen as an impact of the ongoing West Asia crisis on the prices of the key soil…
Road transport and highways minister Nitin Gadkari India should aim for 100 per cent ethanol blending in the near future to strengthen energy self-reliance, road transport and highways minister Nitin Gadkari said on Tuesday. He said that vulnerabilities in oil supplies due to the ongoing crisis in West Asia have made it essential for the…
China’s increased purchases of ethane also come ahead of a planned mid-May visit by Donald Trump to Beijing. (AI image) China, the world’s second largest economy, is facing supply disruptions due to the ongoing Middle East conflict. China is on track to bring in an unprecedented volume of US ethane this month, as petrochemical firms…
NEW DELHI/ MUMBAI: The Directorate General of Foreign Trade (DGFT) on Friday finally notified the list of banks eligible to import gold and silver – including Russia’s SBER Bank for yellow metal – after it emerged that the absence of govt paperwork had resulted in bullion consignments getting held up. In a note, Emkay Global…
More than five tonnes of gold remain held up at customs without clearance. (AI image) Banks have put a pause on fresh import orders for gold and silver from overseas suppliers. Large quantities of gold and silver are stranded at customs, as a formal government notification permitting bullion imports has yet to be issued, according…
NEW DELHI: India’s crude imports from Russia surged in March, with purchases at nearly Rs 5.3 billion (about $6.2 billion) compared with Rs 1.4 billion ($1.6 billion) the previous month, amid the military conflict in West Asia and closure of the Strait of Hormuz.In its latest analysis of Russian fossil fuel exports and sanctions, Centre…
File photo: West Bengal CM Mamata Banerjee NEW DELHI: West Bengal chief minister and Trinamool Congress chief Mamata Banerjee on Sunday accused the BJP of bringing in “paid supporters” from outside the state to influence the upcoming Assembly elections, while also warning her party workers to remain alert against any possible tampering of Electronic Voting…
Centre’s decision to remove customs duties on petrochemicals might reportedly cost the government around 18 billion rupees. The measure has been introduced under emergency provisions to tackle supply disruptions caused by the ongoing conflict in the Middle East. Announced on Thursday, the decision follows New Delhi’s invocation of emergency powers and the diversion of local…
The government on Wednesday announced curbs on imports of gold, platinum and silver jewellery with immediate effect, a move aimed at checking misuse of free trade agreements (FTAs). These restrictions will operate irrespective of any prior contract, irrevocable letter of credit, advance payment, shipment status, or any other commitment, the Directorate General of Foreign Trade…
The Central Board of Indirect Taxes and Customs (CBIC) on Friday conducted a hybrid outreach programme in the national capital to familiarise stakeholders with the Duty Deferment Scheme for Eligible Manufacturer Importers (EMI), a key trade facilitation measure announced in the Union Budget 2026-27.The session, organised in New Delhi, brought together senior officials and industry…
