Expert Opinions Opinion
Russia’s five percent oil discount looks tempting on paper, but the numbers show why it cannot outweigh Donald Trump’s tariff barrage. Russia supplies about 1.5 million barrels per day to India — roughly 35 percent of our crude basket. At Brent levels of 66–70 dollars, the discount works out to 2.7–3.3 dollars per barrel. Multiply […]
Business
Billionaire banker Uday Kotak has warned that the latest U.S. tariffs on Indian exports amounting to nearly 50% have created a “major shock” for the economy. The tariffs come in response to India’s continued trade ties with Russia, particularly discounted crude oil purchases. Kotak said the development highlights India’s vulnerability and the urgent need to […]
International
India and China have agreed to restart direct passenger flights between the two countries. The decision was announced during Chinese Foreign Minister Wang Yi’s visit to New Delhi. Air services were suspended in 2020 following the Galwan Valley clash and pandemic restrictions, leaving business and student communities dependent on third-country transit routes. Border Trade