Page 14 - India Imports

Edible oil imports surge 35% in Aug as share of Russia, Argentina rises

RBD palmolein now constitute 12% of total imports of edible oils against 2% last year

Managing inflation can't just be left to RBI: FM Nirmala Sitharaman

'Monetary and fiscal policies have to work in tandem; importing Russian oil part of inflation management'

RBI, FinMin ask banks, trade bodies to push cross-border rupee trade

Reserve Bank and the finance ministry on Wednesday asked top management of banks and representative of trade bodies to push exports and import transactions in rupee. It was stressed during a meeting that banks should connect with their foreign counterparts for opening special rupee vastro accounts to facilitate cross-border trade in Indian currency rather than popular mode dollar, sources said. Trade associations and their foreign trading partners should explore opportunities to make use of the framework, sources added. The meeting, which saw participation from various stakeholders, including officials of external affairs and commerce ministries, Indian Banks' Association, urged embassies abroad to promote the mechanism through diplomatic channels. According to sources, countries like Sri Lanka, Argentina and Zimbabwe may be interested in settling bilateral trade in rupee. RBI in July issued a detailed circular asking banks to put in place additional arrangements for export and im

Will consider importing vegetables, other edible items from India: Pakistan

It looks to import vegetables and other essential food items amid devastating floods

One year of Taliban takeover: 'Hing' spices up India-Afghanistan trade

However, the quantity imported isn't to meet overall demand, say traders; plans are on to start producing the condiment at home

At $4.3 bn, imports from Russia jump nearly 7 times in June: Govt data

Oil makes up 71% of total imports from the country

Exports up 2.14% to $36.27 bn in July; trade deficit at record $30 bn

Imports shot up by 43.61 per cent to $66.27 billion in the month compared to July 2021, the data showed.

HPCL, BPCL shed up to 4% on lackluster June quarter performance

So far in this calendar year, BPCL and HPCL have tumbled 13 per cent, and 14 per cent, respectively. However, frontline indices Nifty50 and the S&P BSE Sensex have remained flat during the same period

Top Headlines: Windfall tax review, rising medical devices import and more

India's medical devices imports surged 41 per cent to touch Rs 63,200 crore in 2021-22, led by a 48 per cent year-on-year (YoY) jump in imports from China. Read more in our top headlines

South India ports log surge in traffic as ships skip crisis-hit Sri Lanka

Industry bodies said at least 10 per cent of normal cargo is being diverted from Sri Lanka to Indian ports due to multiple reasons like congestion and shortage in fuel availability

Extending export credit in rupee can boost its acceptability: Experts

However, the rupee can truly become internationalised only when it becomes freely convertible on capital account, they say

Share of dollar, euro in Indian trade payments up 30% since 1990s: IMF data

Research shows effect of dollar fluctuations on bilateral trade; RBI mechanism to pay in Indian rupees may help settle trade with Russia and Sri Lanka, remove risks of dealing in greenback

The emerging stress in imports: Surprisingly, it's coal more than oil

Surprisingly, its coal more than oil that is emerging as a huge pressure point

How will the hike in import duty of gold affect customers in India

Indian gold imports in May were recorded at 107 tonnes, a rise of 790 per cent year-on-year, and impacting the current account deficit negatively

Indonesian firm Bara Daya lowest bidder in Coal India's import tender

Bara Daya Energi is blacklisted by Gujarat and was rejected by CIL in first tender

China's share in India's total imports falls to 15.4% in FY22: Report

The share of Chinese imports in the country's total inbound shipments has declined to 15.4 per cent in 2021-22 from 16.5 per cent in 2020-21, sources said on Thursday. They also said the major items imported from China into India are used for meeting the demand of sectors like telecom and power. Citing some examples, they said imports like Active Pharmaceutical Ingredients (APIs) and drug formulations provide Indian pharma industry raw material for producing finished goods which are also exported. Increase in imports of information and communication technology products and medical and scientific instruments can be attributed to the surge in demand of these products during COVID-19 times. "Moreover, the rising prices of commodities globally have also played a significant role in adding to import value," one of the sources said. Exports to China increased marginally to USD 21.25 billion last fiscal from USD 21.18 billion in 2020-21, while imports rose to USD 94.16 billion from about

Indian influence in South Asia declines as China expands foothold

China's exports to the region grew over five times between 2005 and 2020

Govt watchful, mindful of impact of declining rupee on imports: Sitharaman

Depreciation of rupee makes India's imports costlier, while on the other hand exports become attractive.

As rising CAD starts pinching, the Centre starts scrutinising imports

As the trade deficit in May hit a record high of $24.3 billion, revenue authorities have now become vigilant, according to a report

Top Headlines: India's Russian imports up, oversupply of India bonds & more

On the back of rising crude oil purchases, India's bill for imports from sanctions-hit Russia jumped 3.5 times in a year in April to $2.3 billion, showed data. Read more in our top headlines