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India pays its third largest oil supplier in euros using European banking channels and imports.

Oil prices claw back on supply concerns though but demand worries drag

Brent crude was up 8 cents, or 0.1 per cent, at $78.26 a barrel by 0338 GMT, after falling 2 per cent on Thursday.

14 Sept 2018 10:51 AM IST

The northward movement in petroleum and commodity prices would also add to export growth. The recent depreciation of indian rupee is also supporting exports though its impact varies from sector to sector and from company to company. Ganesh Gupta, President, FIEO

Exports up 19.21 per cent in August; trade deficit at USD 17.4 billion

Exports recorded a growth of 16.13 per cent, while the imports during the first five months of this fiscal grew by 17.34...

12 Sept 2018 2:32 PM IST

Previous studies show early exposure to complex foreign proteins, such as cows milk proteins, increases the risk of type 1 diabetes. (Photo: Pixabay)

Govt hikes duty incentives for exports of 28 milk products

MEIS benefit for certain items have been enhanced to 20 per cent from the current 10 per cent.

29 Sept 2018 10:23 AM IST

Sugar prices staged a smart comeback at Rs 150 per quintal.

Cabinet defers Rs 4,500 cr sugar package; proposal may come up next...

India's sugar output is set to increase further to 35 million tonnes in the next marketing year from 32 million tonnes.

19 Sept 2018 3:12 PM IST

To improve ease of doing business, a new scheme of self-assessment-based duty-free procurement of inputs required for exports has been introduced.

Govt may extend deadline for imposition of higher duties on 29 US...

India's exports to the US in 2017-18 stood at USD 47.9 billion, while imports were USD 26.7 billion.

17 Sept 2018 5:31 PM IST

Mr Gupta said that exports should be out rightly kept out of the purview of GST as paying the tax first and getting refund is cumbersome and is affecting exports.

Govt should focus on boosting exports, import curbs may not help...

Trade deficit soared to a near five-year high of USD 18 billion in July, but dipped slightly at USD 17.4 billion in...

15 Sept 2018 3:49 PM IST

Rahul Gandhi. (PTI)

Friendship isn't about retaliation, says Rahul Gandhi as India buckles...

'Lifesaving medicines should be made available to Indians in ample quantities first'

7 April 2020 12:32 PM IST

A worker checks masks at Naton Medical Group, a company which makes medical equipment in Beijing. (AFP)

89 million faulty face masks seized in inspection in China

To eliminate faulty products, China released new rules saying even non-medical masks must meet both national and...

26 April 2020 2:32 PM IST

Higher opening in domestic stock market limited rupee losses. (Photo: PTI).

Doubling of minimum wages to hit exports, jobs: AEPC

Minimum wages in the garment industry if doubled to Rs 18,000 per month will jack up costs.

17 Aug 2017 7:01 PM IST

Ralhan said that petroleum exports which has a major contribution in the exports basket has continued to growth with a positive growth of well over eight per cent. (Representational Image)

Export up 3.94 per cent in July; trade deficit widens to USD 11.44 bn

Cumulative export during April-July of 2017-18 rose by 8.91 per cent to USD 94.75 billion.

14 Aug 2017 6:25 PM IST

Rupee is currently trading at 63.63 against 66.93 to a dollar in August, 2016.

Uptick in rupee good for exports but global demand may dampen impact

The report noted that a strong currency is positive for inflation outlook and makes imports cheaper.

8 Aug 2017 2:05 PM IST

Commerce and Industry Minister Nirmala Sitharaman

Exports to see steady growth: Nirmala Sitharaman

During the April-October period of current fiscal, exports dipped by 0.17 per cent to USD 154.91 billion.

25 Nov 2016 2:02 PM IST