Russia typically sells foreign currency to counter any shortfall in revenue from oil and natural gas exports and buys currency if it has a surplus.
In January this year, the RBI had released a discussion paper for adoption of an expected loss-based approach for loan loss provision by banks. The RBI had sought comments on the paper till February 28.
India’s lentil production has tapered since 2017-18 when the country recorded its highest output of 1.62 million tonne. According to official data, in the 2022-23 crop year, the country’s lentil production stood at 1.56 million tonne,
US sanctions had hit Venezuela’s finances and oil output, leading to accumulation of dividend for foreign companies such as ONGC.
According to Fitch, India’s projected labour supply growth is also lower relative to 2019 given the expected negative growth in the participation rate.
The alternative route may also affect India’s exports of the long-grain rice to Egypt and European countries, said the official, requesting anonymity.
The department has inquired why he failed to pay over $50 million in taxes on equity transactions conducted in FirstCry and has also sent notices to Maheshwari in this regard, people familiar with the matter informed Bloomberg.
The carbon border adjustment mechanism (CBAM) or carbon tax is expected to have an impact on India’s iron, steel, and aluminum exports worth $8-$9 billion headed into Europe and the UK.
New Jersey-based Sun Pharmaceutical Industries Inc is recalling 7,313 bottles of Methylphenidate Hydrochloride tablets due to the “presence of foreign substance: metal embedded in a tablet”, the USFDA stated.
In a notification, the Department for Promotion of Industry and Internal Trade (DPIIT) has said that the central government is of the opinion that electric detonator is of a “dangerous” character.