Import Bill News

Market

Current account deficit widens to 2.4% of GDP as oil offsets gains in remittances

Net foreign direct investment at $9.7 billion in the first quarter of 2018-19 higher than $7.1 billion a year ago

2 min read7 Sep 2018
Politics

US to help India replace Iran oil, may consider waivers

US President Donald Trump has warned that anyone trading with Iran would not do business with the US

1 min read6 Sep 2018
Industry

Rising crude prices may inflate oil import bill by up to $50 billion: Subhash Chandra Garg

Economic affairs secretary says India's oil import bill may go up in the range of $25-50 billion in fiscal year 2019 if oil prices remain high, but this will not impact the country's macroeconomic stability

1 min read18 May 2018
Politics

Govt in talks with SoftBank for funding 2 lakh e-buses

Union road transport minister Nitin Gadkari says electric vehicles could be the solution to cut down on India's huge crude import bill

1 min read26 May 2017
Politics

News in numbers | India’s crude oil import bill likely to reduce by almost half in 2015-16

India can use the amount gained due to lower oil import bills to spend on other purposes such as education and health

3 min read26 Apr 2016
Politics

News in numbers | China achieves electricity for all

India, Russia sign 16 deals; Rail freight volume tumbles in November

2 min read25 Dec 2015
Politics

Current account deficit contracts further to 1.2% of GDP in Q1

Lower global crude oil prices help rein in India's import bill

1 min read11 Sep 2015
Politics

Govt to pare natural gas price by 10.5% from 1 April

Price will be cut to $5.02 per mmBtu from $5.61 per mmBtu now; reduction has been aided by a steep fall in the prices of crude oil and gas.

3 min read28 Mar 2015
Politics

India should use cheap oil to boost balance sheet

India imports nearly two-thirds of its oil requirements and a lower oil import bill is likely to help slash the country's current account deficit

1 min read23 Feb 2015
Market

Advantage India as commodity prices ease

Prices of key inputs for manufacturing sectors are declining since January, which at the macroeconomic level, could help tame inflation, a rising import bill and fiscal deficit

2 min read29 Sep 2014
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