Halting Russian oil imports will jack up international crude prices: Govt
The government warned that many countries in the immediate neighbourhood are facing severe fuel shortages and chaos due to high fuel inflation.
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Tackling The Commodity Crisis
Value-added products, change in fuel-mix, inventory light model — and the inevitable price hikes are some of the steps India Inc. is taking to address volatile commodity prices.
No plan to buy Russian crude in rupees: Centre
As per the Petroleum Planning & Analysis Cell (PPAC) data, India imported only 0.2% of its crude oil import from Russia till January in the current fiscal.
Russia-Ukraine war: Global crude market to lose three million barrels per day from Russia
Russia is the world's largest oil exporter, shipping 8 million barrels per day of crude and refined oil products to customers across the globe.
Russia warns of $300 a barrel crude oil as US bans imports
Brent crude – the international benchmark – is trading above the $130 per barrel mark.
ECGC puts Russia under 'restricted cover' category
The restricted cover category of export credit guarantee offers revolving limits and is normally valid for a year after being approved on a case-to-case basis.
Stock market crash: Gold, VIX and yield moves hint bear grip weakening
After a spike of 40% in last one week, Volatility Index (VIX) has stabilised hinting confidence is returning back.
India to be the third largest economy by 2031: Report
According to a BofA Securities report, the Covid-19 shock could delay India touching the GDP of Japan by three years. In their latest estimates, it will now happen by 2031 if the economy grows at 9%.
Markets tank on oil futures crash
Both the BSE Sensex and Nifty 50 plunge nearly 4% intraday as fear grips equity markets after the historic collapse of U.S. crude oil prices on Monday.
‘Covid-19 hangs over the future, like a spectre’
While directly mum on inflation and growth, the RBI’s latest monetary policy report warns that Covid-19 would impact economic activity in India through lockdowns and slowing global trade and growth.
