India’s thermal coal imports declined to a 12-month low in August 2024, reflecting the seasonal weak point in energy demand as widespread monsoon rains introduced down temperatures and the necessity to run cooling tools. Widespread rains, significantly within the north and northwest components of the nation, pushed up hydropower era and lowered the demand on … Read more
India’s import duties are too excessive and should come down, feels Dr V Anantha Nageswaran, Chief Financial Adviser to the Authorities of India. Describing excessive import duties as a “problem”, Nageswaran stated that tariffs should come right down to preserve the price of imported enter supplies down; solely then would India be capable of change … Read more
India’s imports of liquefied pure gasoline (LNG) rose to a multi-year excessive throughout Might-July 2024 pushed by an unprecedented warmth wave coupled with report excessive temperatures pushing electrical energy consumption to a brand new excessive. In keeping with power intelligence agency Vortexa, India’s month-to-month LNG imports in Might, June and July 2024 hit a 4 … Read more
After the import authorisation regime was effected in October 2023, import of the seven IT {hardware} objects, together with private computer systems, laptops and tablets has seen a decline of about 3.4 per cent in 2023-24 to $8.4 billion in comparison with imports price $8.7 billion within the earlier fiscal with share of China, the … Read more
After surging to a file excessive of ₹255 for RSS-4 within the earlier weeks, pure rubber costs moved south to achieve ₹235. Latex costs additionally come right down to ₹210 from ₹250. Rubber sellers cited elevated home arrivals coupled with the massive amount of imports as the explanation for the costs to drop. George Valy, … Read more
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India’s present account steadiness recorded a surplus within the fourth quarter (This fall) of FY24 after a spot of ten quarters at the same time as the present account deficit (CAD) for the complete monetary yr more-than-halved to a seven-year low. The nation’s present account steadiness recorded a surplus of $5.7 billion (0.6 per cent … Read more
India’s overseas alternate reserves jumped $4.307 billion to the touch a brand new lifetime excessive of $655.817 billion throughout the week that ended June 7, official information from the Reserve Financial institution of India (RBI) confirmed. The reserves have been rising on and off for a very long time now. Up to now in 2024, … Read more
The Maldives on Wednesday mentioned each India and China have agreed to cooperate in efforts to pay for imports of their respective international locations’ forex as an alternative of the US greenback, which is probably going to assist Male save nearly 50 per cent of the annual $1.5 million imports invoice from the 2 international … Read more
Thermal coal imports continued to rise for the fourth straight month in April 2024 with cargoes hitting a five-month excessive as thermal energy crops (TPPs) stocked up on the crucial commodity in anticipation of an increase in summer time temperatures and projections of prolonged warmth waves throughout the present month. In line with knowledge from power … Read more