India Trade Deficit Narrows To $27 Billion

By BPN News Desk March 17, 2026

National

India’s merchandise trade deficit narrowed to $27.1 billion in February from January’s higher level, helped by a monthly decline in imports even as export growth remained weak. The latest trade data comes at a time when India is also facing fresh external pressures from disrupted shipping

National

India Says LPG Supply Remains Secure

By BPN News Desk March 13, 2026

India has diversified its liquefied petroleum gas import sources and stepped up domestic output to prevent shortages amid disruptions linked to the West Asia conflict, Petroleum Minister Hardeep Singh Puri said in Parliament. The government said LPG supplies for households remain protected even as concerns over shipping routes and panic buying grew in some areas. […]

Op-Eds Opinion

India’s 30% Coal Import Cut: Energy Security Over Commodity Diplomacy

By BPN News Desk February 27, 2026

According to an exclusive report by Reuters, India plans to reduce power sector coal imports by 30 percent this year, equivalent to roughly 15 million tonnes. At first glance, the move may appear symbolic or protectionist. In reality, it reflects a deeper structural recalibration of how India manages energy dependence, foreign exchange exposure, and supply […]

International

India Russian Oil Imports Hit 38-Month Low

By BPN News Desk February 7, 2026

India imports of Russian oil fell sharply in December 2025, reaching the lowest level in more than three years as refiners increased purchases from alternative suppliers. The shift reflects ongoing efforts to diversify sourcing and manage price risks amid evolving global supply dynamics. Russian Oil Imports by India Fall In December 2025 Data showed Russian […]

International

Mexico Raises Tariffs on Imports from India and China

By BPN News Desk December 11, 2025

Mexico’s Congress has approved a new law imposing higher import tariffs on goods originating from countries without free trade agreements, including India, China, South Korea, Thailand and Indonesia. The revised tariff structure will come into effect from January 2026, with duties ranging between 5 percent and 50 percent depending on the product category. Key Products […]

Business

Reliance To Realign Russian Oil Imports With India’s Guidelines

By BPN News Desk October 23, 2025

Reliance Industries Ltd. (RIL), India’s largest private refiner, has begun recalibrating its Russian crude oil imports to align with the Government of India’s latest guidelines. The decision follows new U.S. and European sanctions on major Russian oil companies. India’s Role In Russian Oil Trade India has been the biggest buyer of Russian seaborne crude this […]

Business Industry

India Makes Record Soy Oil Purchase From Argentina

By BPN News Desk September 26, 2025

India on Tuesday and Wednesday purchased 300,000 metric tons of soybean oil (soyoil) from Argentina—its largest ever two-day import. The deal follows Argentina’s move to suspend export duties on soy and related products. Duty Suspension Triggers Surge Argentina temporarily lifted taxes on soy, corn, wheat and derived goods, making their export prices more competitive. This

Business

India Imposes Silver Import Curbs To March 2026

By BPN News Desk September 25, 2025

The Government of India has changed the import policy for silver and certain silver jewellery items, making them “Restricted” instead of “Free”. This restriction will remain in place until March 31, 2026. Reason Behind the Move Officials say the change was prompted by a sharp rise in silver imports, especially from ASEAN countries like Thailand. […]

Economy National

India’s Trade Deficit Narrows to $26.49B in August

By BPN News Desk September 15, 2025

India’s merchandise trade deficit eased in August 2025 to US$ 26.49 billion, showing an improvement compared to US$ 27.35 billion in July. The narrowing gap came despite both exports and imports recording a decline, highlighting the slowdown in global trade activity as well as domestic demand pressures. Exports & Imports Decline Exports in August fell […]

International

IOC Says No Pause on Russian Oil Despite US Tariffs

By BPN News Desk August 15, 2025

Indian Oil Corporation (IOC) has confirmed that it will continue importing Russian crude, stressing that the decision is based solely on commercial considerations, not political directives. No Change in Import Policy Chairman A.S. Sahney stated that IOC has not received any government orders to either stop or increase Russian oil purchases. He explained that the […]