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India cuts down dependence on Iran oil

India cuts down dependence on Iran oil

Last Updated: Tuesday, July 22, 2014, 17:47

India has cut its reliance on Iran for meeting its oil needs to less than 6 percent as it raised imports from countries like Columbia and Mexico.

Japan cuts growth outlook as exports hit, imports rise

Japan cuts growth outlook as exports hit, imports rise

Last Updated: Tuesday, July 22, 2014, 11:52

The cut was also "due to weak domestic demand following the consumption tax increase in April", the official said.

Gold imports up 65% in June to $3.12 billion

Last Updated: Thursday, July 17, 2014, 11:46

After declining for seven months in a row, gold imports grew by 65.13 percent to USD 3.12 billion in June.

FTAs with Japan,S Korea resulted in cheaper steel imports: Sai

Last Updated: Wednesday, July 16, 2014, 17:59

Free trade agreements (FTA) with Japan and South Korea have resulted in cheaper imports of steel and has not impacted the domestic production, Parliament was informed today.

Exports up 10.22% in June; trade deficit at 11-month high

Last Updated: Wednesday, July 16, 2014, 12:06

The trade deficit rose in June as gold imports jumped 65.13 percent to USD 3.12 billion from USD 1.88 billion in the same month last year.

June Exports rise 10.22% to $26.4 bn

Last Updated: Wednesday, July 16, 2014, 11:58

The gold imports surged 65.13 percent to USD 3.12 billion in June.

RBI increases diamond imports' credit time to 180 days

Last Updated: Monday, July 07, 2014, 19:28

The Reserve Bank has relaxed norms governing import of rough, cut and polished diamonds by doubling the credit time period to 180 days.

Gold swaps to cut imports, ease payment pressure

Last Updated: Thursday, July 03, 2014, 22:38

A plan by the Reserve Bank of India (RBI) to swap old gold in its vaults for purer metal abroad that it could pledge or sell would have the added benefits of reducing gold imports and easing pressure on the balance of payments.

Import ban on milk items from China extended by one year

Last Updated: Tuesday, June 24, 2014, 14:12

The government has again extended the ban on imports of milk and its products from China for one more year till June 2015.

India's energy imports may rise to $230 billion by FY23: Goldman

Last Updated: Friday, June 20, 2014, 13:56

India's annual energy import bill could jump to USD 230 billion by FY'23 from the current USD 120 billion but could get reduced significantly by switching from oil to natural gas and improving conservation, says a Goldman Sachs report.

Gold jewellery exports in FY15 seen jumping by a quarter

Last Updated: Wednesday, June 18, 2014, 17:51

Gold jewellery exports from India are likely to grow by a quarter in the year to March 2015, helped by an expected relaxation of import policy and recovering demand from major consuming countries, the head of a trade body said on Wednesday.

Gold premiums fall to 4-month low on higher supplies

Last Updated: Wednesday, June 18, 2014, 12:50

Gold premiums fell to 25-30 an ounce on London prices, a level last seen in February, from USD 60 charged earlier in June. Premiums hit a record of USD 160 an ounce in December last year.