Dollar supremacy undermined as petrodollar ally joins Shanghai Cohort
How China is using diplomacy to dethrone the USD and establish Renminbi as global currency
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April 2022
India's arms imports from Russia down 37%
India remains the world's top arms importer, but its arms imports declined by 11% between 2013-17 and 2018-22
Feb fuel demand rises 5% to 24-yr high of 4.8 mn barrels a day
Petrol sales up 8.9% to 2.8 million tonnes, while diesel sales surge 7.5% to 6.98 mn tonnes.
How Russian Oil Bulked Up India's Exports
Import of petroleum-related products from Russia accounted for $27.7 billion in April-December 2022, a 700 % increase from $3.4 billion a year ago.
India to get fuel at far cheaper rate than anyone else: FM
India continues to import fuel at a far cheaper rate despite the energy prices going through the roof due to Ukraine crisis, says Nirmala Sitharaman.
Half of India's electricity will come from renewable energy by 2030: PM Modi
At the G20 summit in Bali, Prime Minister Modi urged countries to not put any restrictions on the supply of energy.
Russian crude absorbs India's boiling inflation
CPI declined to 6.77% in October from 7.41% in September when Russia topped the chart of India's oil suppliers.
Brent crude hits $124 per barrel as EU agrees to ban 90% of Russian oil
The European Council agreed to immediately cut 75% of Russian oil imports.
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.
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.
