Category : Trade & Export


India's Russian Oil Imports Drop to 2-Year Low

India's imports of Russian crude oil fell to their lowest level in two years in December, boosting OPEC's market share to an 11-month high. This significant shift in energy sourcing could potentially influence US tariff policies toward India under the Tru

US May Remove 25% Tariffs on India for Russian Oil Purchases

US Treasury Secretary Scott Bessent indicates tariffs on India for Russian oil imports could be lifted, claiming they've achieved their goal of reducing purchases. He criticizes EU-India trade talks ahead of key diplomatic visits.

US Says Tariff Forced India Oil Shift, Signals Removal

At Davos, US Treasury Secretary framed 25% tariff on India's Russian oil purchases as successful, noting decline in imports. Washington signals possible removal while criticizing EU's silence on similar measures.

US Says Tariff Forced India Oil Shift, Signals Removal, Slams EU

At Davos, US Treasury Secretary Scott Bessent stated the 25% tariff on India over Russian oil purchases achieved its goal, with imports declining. Washington hinted at removal, while analysts note Russian crude still flows due to pricing and contracts. Be

PM Modi: Trade Deals Open New Job Avenues for Youth

Prime Minister Narendra Modi emphasized that new trade agreements are creating fresh opportunities for India's youth, during the 18th Rozgar Mela where 61,000 appointment letters were distributed electronically.

EU Leaders Visit India to Conclude Trade Deal Talks

European Commission President Ursula von der Leyen and European Council President Antonio Costa will attend Republic Day celebrations and co-chair the India-EU Summit, aiming to conclude trade negotiations.

IWDC 3.0 Approves Major Inland Waterways Expansion Plan

The third Inland Waterways Development Council meeting concluded in Kochi with a comprehensive roadmap to expand India's inland water transport network, approve infrastructure investments, and strengthen Centre-state coordination.

India-EU FTA: India's Biggest Trade Bet Yet

The India-EU Free Trade Agreement represents India's most significant trade initiative, opening new opportunities in services, IT, and skill-intensive sectors while reducing dependence on the US market.

India-EU Trade Deal Expected in 4 Days: Textile Minister

Textile Minister Giriraj Singh announced that India and the EU will likely finalize a trade agreement within four days. He highlighted growth in garment exports and criticized Rahul Gandhi's claims about US tariffs.

Indian Seafarers Most Abandoned Globally for 3rd Year

Indian seafarers remain the most abandoned worldwide in 2025, with 1,125 cases marking a 25% increase from 2024. Global abandonment hits record highs, highlighting systemic issues in maritime labor.

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