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
U.S. President Donald Trump said he does not currently plan to impose retaliatory tariffs on countries like China for purchasing Russian oil, though he may revisit the issue in “two or three weeks.” The comment followed a summit with Russian President Vladimir Putin in Anchorage, Alaska, where Trump described the meeting as positive overall. While […]
National
The government has rolled out a four-pillar export strategy to counter the impact of steep US tariffs on Indian goods and strengthen the country’s trade position globally. Strategy Framework The plan focuses on four core areas: Enhancing export competitiveness by improving production efficiency and reducing costs. Promoting exports through greater visibility in global