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The US Senate's approval of a bill on Russia sanctions could expose Indian exports to additional tariffs of up to 100 per cent if India continues buying Russian crude oil, think tank GTRI said on Saturday. The US Senate voted overwhelmingly to approve a bill to punish Russia and key buyers of its petroleum products, such as China and India, claiming that such trade helps fuel the Ukraine war. This bill will allow US President Donald Trump to impose 100 per cent tariffs on goods from countries that are the top five importers of Russian oil and gas. The Global Trade Research Initiative (GTRI) said that India, being the second-largest buyer of Russian crude, is exposed to high tariffs. Russia supplied 30.3 per cent of India's crude imports in FY2026, worth USD 40.8 billion, helping reduce costs and contain inflation. "The US Senate has overwhelmingly approved legislation that could expose Indian exports to additional tariffs of up to 100 per cent if India continues buying Russian cru
India and Pakistan were "very angry, and screamed and yelled" when the US threatened tariffs if they did not end their war, President Donald Trump claimed on Friday, referring to Operation Sindoor last year. In an interaction with the media at Camp David near here, Trump said 11 planes were shot down during the raging war between India and Pakistan, a claim disputed by New Delhi. Trump reiterated his claim to have stopped eight wars during his presidency and asserted that Russian President Vladimir Putin wanted to make a deal to end the war with Ukraine. "We ended the India-Pakistan (war). 11 planes were shot down. That was raging. That was good. I used tariffs. I said, 'If you're going to go to war, 250 per cent tariff.' Each of them," Trump said at a media interaction after a televised meeting with his cabinet colleagues. "And they (India and Pakistan) screamed and yelled and were very angry. They were both angry about it. A day later they called and they said, 'We will not go to
The government on Tuesday directed that no dealer of sugar should hold stock for more than 30 days and also imposed a stock limit of 4,000 quintals as part of its efforts to keep prices of sweetener under control. The order would come into force with effect from August 1, 2026, and would remain in force up to November 30, 2026. In a gazette notification, the Ministry of Food and Consumer Affairs imposed this restriction using powers under section 3 of the Essential Commodities Act, 1955, and the Sugar (Control) Order, 2025. "...Central Government hereby directs that no dealer of sugar shall hold any stock for a period exceeding thirty days from the date of receipt of such stock and shall not keep sugar in stock at any time and in any place throughout the country in excess of 4,000 quintals," the notification said. To keep prices under check amid a forecast of a deficit monsoon, the Centre has already banned sugar exports. The order would not apply to sugar stocks held on the ...
India on Friday rejected reports that the Indian side is "deliberately" causing flooding in Pakistan by releasing river waters and described the allegations as "baseless and contrary to the facts". The Ministry of External Affairs (MEA) referred to statements from Pakistani authorities acknowledging a rise in river levels in view of heavy monsoon rain areas across the border. "Pakistani media reports alleging that India is deliberately causing flooding is baseless and contrary to the facts. The recent increase in flows in the River Chenab is a direct consequence of intense monsoon rainfall over Jammu and adjoining catchment areas during July 20 to 23," External Affairs Ministry spokesperson Randhir Jaiswal said. "Significantly, Pakistan's own flood forecasting division, which is based in Lahore, in its flood advisory issued on July 22 -- and let me also give you the time it was issued at 1718 hours local time -- attributed the high flood levels in the Chenab river to heavy rainfall