India’s oil imports

India exercises financial sovereignty, refuses to pay for Russian oil in Chinese YuanIndia exercises financial sovereignty, refuses to pay for Russian oil in Chinese Yuan

India exercises financial sovereignty, refuses to pay for Russian oil in Chinese Yuan

India, which has made it clear that it will not use Chinese yuan to purchase Russian oil, the domestic oil…

1 year ago
Israel Hamas war now brings fresh challenges to global economy, India watchfulIsrael Hamas war now brings fresh challenges to global economy, India watchful

Israel Hamas war now brings fresh challenges to global economy, India watchful

The International Monetary Fund has warned that the Israel-Hamas war could be the new "new cloud" which could dent global…

1 year ago
Is BRICS set to change world energy order after top oil producers queue up to join grouping?Is BRICS set to change world energy order after top oil producers queue up to join grouping?

Is BRICS set to change world energy order after top oil producers queue up to join grouping?

Among the several countries that have expressed keenness to join the BRICS (Brazil-Russia-India-China-South Africa) bloc, the applications by Saudi Arabia,…

2 years ago
After Indian oil imports from Russia touch all-time high, Iran too queues up for Indian marketAfter Indian oil imports from Russia touch all-time high, Iran too queues up for Indian market

After Indian oil imports from Russia touch all-time high, Iran too queues up for Indian market

Notwithstanding the teething problems in the rupee-ruble payments mechanism, India’s oil imports from Russia further increased in June with a…

2 years ago
India displaces China to be largest purchaser of Russian seaborne oilIndia displaces China to be largest purchaser of Russian seaborne oil

India displaces China to be largest purchaser of Russian seaborne oil

As more than 90 per cent of Russian oil is flowing into Asia since the beginning of the Ukraine war…

2 years ago
How a 7200 km international trading route can reboot India-Iran tiesHow a 7200 km international trading route can reboot India-Iran ties

How a 7200 km international trading route can reboot India-Iran ties

Will the operationalisation of the 7,200 km long International North South Transport Corridor (INSTC) boost India-Iran ties and push trade…

2 years ago
Russia has options to use Indian rupees, FDI and government securities offer new avenuesRussia has options to use Indian rupees, FDI and government securities offer new avenues

Russia has options to use Indian rupees, FDI and government securities offer new avenues

Sanction-hit Russia may use its accumulated Indian currency for investments in government securities or even through foreign direct investment for…

2 years ago
India’s deepening economic engagements with Russia has a message for the world–it is serious about its strategic autonomyIndia’s deepening economic engagements with Russia has a message for the world–it is serious about its strategic autonomy

India’s deepening economic engagements with Russia has a message for the world–it is serious about its strategic autonomy

India, as it presses the pedal on a free trade agreement with Russia to boost economic and trade activities, has…

2 years ago
India unlikely to be impacted by price cap on Russian oilIndia unlikely to be impacted by price cap on Russian oil

India unlikely to be impacted by price cap on Russian oil

Even as the Group of Seven countries imposed a price cap of $60 per barrel on Russian oil, Indian policymakers…

2 years ago
India to diversify oil imports as OPEC cartel aims to hike pricesIndia to diversify oil imports as OPEC cartel aims to hike prices

India to diversify oil imports as OPEC cartel aims to hike prices

As OPEC (Organization of the Petroleum Exporting Countries) Plus members gear up to cut production from November, India is aggressively…

2 years ago
Inflation expected to ease as global oil prices dip, focus is now on growthInflation expected to ease as global oil prices dip, focus is now on growth

Inflation expected to ease as global oil prices dip, focus is now on growth

India is expected to shift its focus back on economic growth even as inflation inched upward touching the uncomfortable 7…

2 years ago