India is the largest global buyer of sunflower oil and Ukraine is its largest seller, followed by Russia and Argentina. In the midst of a unleashed war between Russia and Ukraine, shipments of more than 3 50,000 tonnes of cooking oil in India are at risk because logistics and loads remain blocked in different ports. […]
Some MPC members might warm up for the idea of a rate hike
Bank reserves of the Indian monetary committee chose unanimously at the meeting earlier this month to leave the repo rate did not change at a 4 percent low record for the 10th consecutive time. RBI chooses to support recovery in growth than against inflation. However, there are some disagreements in the past few months on […]
India returns 4,900 crores to Cairn to complete retro tax disputes
The Indian government has paid Cairn Energy PLC for 7,900 crore to return the tax collected to enforce retrospective tax requests, ending a seven-year dispute that has disabled the investment image. The company, which is now known as the Capricorn Energy PLC, in a statement said it has received “net results of $ 1.06 billion”, […]