Import Bill

India’s oil imports jumped by seven percent in the month from last year while the average Indian basket crude price also rose in April, according to the monthly report by Petroleum Planning & Analysis Cell (PPAC).

HPCL in red as Morgan Stanley downgrades stock to 'underweight'

HPCL is trading below the 50- and 100-day moving averages, which signals a bearish trend in the stock. A rise in the price of crude will only add to the oil marketing company's worries

Fertiliser subsidy bill likely to more than double this fiscal

Officials say import bill will remain inflated, despite a significant jump in the domestic production of urea. Russia-Ukraine, export ban by China and higher demand from the US chief concerns. One analyst said the subsidy bill could exceed Rs 2 lakh crore.

How did India get to a $100-billion trade deficit in four months?

Government intervention to control exports of petroleum products and certain commodities due to domestic demand and inflation contributed to the widening of the trade deficit.

Ukraine war may see India's import bills topping $600 billion this fiscal, pushing up inflation, CAD: Report

Ratings agency India Ratings on Tuesday said the ongoing geopolitical risks arising from the Russia-Ukraine war would push India’s import bills higher for items such as mineral oils and gas, gems and jewellery, edible oils and fertilisers.

TVs, ACs, set-top boxes, tyres may get costlier on tariff hikes

This move from Commerce Minister Piyush Goyal is aimed at reducing the country's dependence on imports and bolster domestic manufacturing

EXPLAINED: How a likely hike in Fed rates can impact India

Moneycontrol decodes what a likely increase in interest rates in the US means for India.

India to stop thermal coal imports; save Rs 40,000 crore

Coking coal, however, would need to be imported, the Coal and Power Minister said at the maiden Maritime India Summit here, adding that his Ministry was ready to tie up with Indian shipping companies for this purpose.

India should try to cut oil imports by 10% in 2022: Modi

India imports about 80 percent of its daily crude oil requirements, making it a major contributor to the country's import bill.

Incentives for cos setting BPOs in small towns soon: Prasad

Telecom Minister Ravi Shankar Prasad said the IT profile of India shows hubs in few limited cities but this needs to be widened across the country, particularly, in small mofussil towns

RBI deputy Patel says dramatic fall in oil prices a boon

RBI Deputy Governor Urjit Patel says "dramatic" fall in global oil prices a "boon" for Indian economy, may help save USD 50 billion on import bill.

See strong rupee on macros, govt steps: Federal Bank

Ashutosh Khajuria does not see a flight of capital anytime soon. He also feels there won‘t be much of a turbulence of the dollar-rupee front, but the Indian currency may appreciate vis-à-vis the euro. He says till March, anything between 63-64 per dollar will be good.

Moily to travel by public transport every Wednesday

A circular is also being issued for asking officers in the Ministry of Petroleum and Natural Gas as well as 14 public sector firms under the ministry like ONGC and IOC to take public transport every Wednesday.

Diesel may get dearer as govt battles rising oil prices

The petroleum minister met finance minister to discuss ways to conserve diesel amid concerns over rising crude oil prices after the oil ministry was asked to come up with proposals to conserve oil and various scenarios incase there is an intervention in Syria.

India to unveil shale gas policy within 2 weeks: Moily

India plans to unveil its shale gas policy within the next two weeks as it seeks to exploit unconventional resources to fuel its expanding economy and cut subsidies, oil minister Veerappa Moily said on Sunday.

Spanish downgrade leaves global markets with knocking knees

Christopher Palmer of Gartmore Investment Management tells CNBC-TV18 that global markets have priced in Moody's downgrade of Spain. "It hasn't really surprised bond markets," he says.

Petrol product prices to rise on crude hike: C Rangarajan

On the back of the unending volatility crated by the boiling crude oil prices, C Rangarajan, chairman at Economic Advisor Council to PM, said that issues in West Asia have become a concern due to the hike in crude oil prices. If the crude price remains above USD 100 per barrel, then an action is required, he feels.