E-PaperPrice Cap News
Cheap Russian oil helps India widen petro product exports | Mint Explains | Mint
Explore India's expanding export markets for refined petroleum products, fueled by discounted Russian oil and changing global dynamics. Despite an overall decrease in oil exports due to falling crude prices, India is gaining prominence as an alternative oil hub. Discover how India is capitalizing on this opportunity to extend its influence to previously untapped markets in Europe and Africa, showcasing its growing significance in the global oil trade.
24 Jul 2023Russian oil imports top 1 million barrels a day | Mint Primer | Mint
Russia's crude oil export to India surged to a new record in December 2022. Moscow has remained the top oil supplier of India for consecutive months. According to data from energy cargo tracker Vortexa, India imported crude oil from Russia 1 million barrels per day for the first time in December. Russia supplied 1.19 million bpd of crude oil to India in December alone. As per Vortexa report, it was the higher than 909,403 bpd of crude oil India imported from Russia in November and 935,556 bpd in October 2022. In this video, let's take a look at some of the causes that led to the increase in imports that we have seen.
23 Jan 2023After price cap talks, Russian Oil to get expensive, should India be worried?
Russia is expected to hike prices for its oil as strong demand in Asia undermines western powers’ efforts to curb revenues to Moscow’s war machine. India currently buys discounted Russian oil at $30/barrel
2 min read29 Jun 2022New drug price cap exemptions pitch DoP against health ministry
The DoP decision came despite the ministry asking it to bring the life-saving drugs under price control
3 min read6 Jan 2019Govt move to exempt key foreign-made drugs from price control draws flak
The government had exempted innovative medicines made by foreign firms from price caps for five years
2 min read5 Jan 2019Govt removes price cap on innovative drugs for first 5 years
NGOs, however, have criticised the decision saying it shrinks the space to make medicines more affordable
1 min read4 Jan 2019US trade group warns on knee implant prices in India
The US medical devices lobby group AdvaMed says India's decision not to raise knee implant prices for another year could take a 'toll' on manufacturers
2 min read3 Sep 2018Opinion | Learning from the past on medical device pricing
The government's previous attempts to cap high trade margins in the sale of drugs show that getting the balance wrong can hurt patients
4 min read26 Aug 2018Medical device margins set to be capped at 65% in India
The government is looking to curb profiteering and allay concerns of medical device makers, particularly importers of stents and knee implants, who say price caps hurt innovation
2 min read23 Aug 2018Regulator may not cut prices of knee implants for a year
Move a relief for medical device makers who say price controls hurt innovation, profits and investments
2 min read13 Aug 2018Popular Topics
Budget
The 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