Rising oil prices will hurt household income and spending and it could accelerate inflationEmerging economies dominate the list of oil-producing nations which is why they’re affected more than developed ones
4 min read29 Apr 2019Trump administration Monday decided not to renew waiverIndia was the second biggest buyer of Iranian crude oil after China
4 min read23 Apr 2019India's state-owned UCO Bank is expected to announce the payment mechanism in the next 10 days
1 min read6 Dec 2018Iran had become a preferred supplier for India due to sweeteners such as 60-day credit, free insurance and shipping.
4 min read6 Nov 2018US President Donald Trump is trying to cripple Iran's oil-dependent economy and force Tehran to quash not only its missile and nuclear programmes, but also diminish its influence in the Middle East
3 min read6 Nov 2018Investors are hoping lower oil prices will benefit India's current account deficit (CAD), ease pressure on the rupee and spur a return of FPI inflows
3 min read5 Nov 2018India is a major importer of Iranian oil of the 220.4 million metric tonnes of crude imported by India in 2017-18, more than 9% was from Iran
1 min read3 Nov 2018The US remains open to reaching a new, more comprehensive deal with Iran that forever blocks its path to a nuclear weapon, addresses the entire range of its malign actions, and is worthy of the Iranian people: President Donald Trump
3 min read3 Nov 2018Exemptions will be temporary. US reimposes all Iran sanctions lifted under 2015 nuclear deal
1 min read2 Nov 2018Global benchmark Brent crude has fallen about 15 percent from over $85 a barrel last month on increasing speculation that at least some nations will get waivers
4 min read2 Nov 2018The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared