In May of this year, India’s palm oil imports fell by 33.20 percent to Rs 5,14,022 tonnes, while refineries sent more RBD palmolein oil, according to the industry group Solvent Extractors Association (SEA). In May 2021, India, the world’s largest importer of vegetable oils, bought 7,69,602 tonnes of palm oils. This year in May, the
READ MOREPrime Minister Narendra Modi hailed the BJP’s historic win in the Karbi Anglong Autonomous Council (KAAC) elections and said that the party will continue to strive for Assam’s advancement. Modi made the following statement on Twitter late Sunday: “Historic results in Karbi Anglong! I thank the people for their continuous faith in BJP and assure
READ MOREFinance Minister Nirmala Sitharaman will unveil a Single Nodal Agency (SNA) dashboard on Tuesday, which would allow ministries and agencies to track the flow of money to states and their use. According to a statement from the finance ministry, the SNA dashboard was created to provide stakeholders of the SNA model with the essential feedback
READ MOREOil prices jumped more than $2 in early trading on Monday as Saudi Arabia boosted pricing for its oil sales in July, indicating how tight supply remains despite OPEC+ agreeing to increase output over the next two months. Brent oil futures were up $1.80, or 1.5 percent, at $121.52 a barrel at 2319 GMT, having
READ MOREAt next week’s scheduled monetary policy review, the Reserve Bank is projected to boost rates by 0.40 percent, according to a foreign brokerage. According to the report by Bofa Securities, the central bank’s rate-setting panel will follow it up with a 0.35 percent hike in rates at the next review in August or split it
READ MOREAs India prepares to host a conference of the 10-nation grouping’s foreign ministers next month, diplomatic sources said that the ASEAN’s attitude on engaging Myanmar at multilateral forums has been that it should be at a non-political level. According to the sources, India is unlikely to invite Myanmar’s foreign minister to the conference but might
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