India's top refiner Indian Oil Corp (IOC) will no longer accept cargoes of Russian crude oil and Kazakh CPC Blend cargoes on a free-on-board (FOB) basis due to insurance risk, according to a tender notice and a source familiar with the matter.
India is worried about the impact caused by the standoff between Ukraine and Russia, particularly on its exports, finance minister Nirmala Sitharaman said on Monday. Interacting with industry captains at an event here, Sitharaman said the Centre was seized of the matter and discussions were on between ministries for a "complete assessment" on the issue.
India is trying to get more of Ukraine’s east European neighbours on board for allowing access to Indians from the war-torn country so that they could be flown home from there. Polish ambassador to India Adam Burakowski on Sunday Tweeted that the country “is allowing all Indian students who escape from Russian aggression in Ukraine to enter without any visa.”
A few international flights to and from India also could get marginally longer with some countries barring Russian planes from their airspace and then asking their airlines to avoid parts of Russian airspace.
Defending the long pause in interest rate hike and the continuing accommodative stance, Reserve Bank of India (RBI) governor Shaktikanta Das on Thursday said in current times, "monetary and fiscal policies cannot be a question of either or, but must go in tandem with each other".
Accusing the earlier Congress government of bleeding the state-owned BSNL to "death almost", finance minister Nirmala Sitharaman on Tuesday said PM Modi government is giving money to the company to buy 4G spectrum and become competitive.
India's unemployment rate witnessed a sharp decline to 6.57 per cent in January, the lowest since March 2021, as the country gradually recovers with easing of restrictions following a decline in Omicron cases, according to CMIE.
Indian markets surged on Tuesday, with the Sensex closing above 80,000 points, fueled by a global rally following Donald Trump's victory...
