SBI stops handling trade with sanctioned Russian entities: Sources

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IOC no longer accepts Russian, Kazakh crude on FOB basis: Report

India's top refiner Indian Oil Corp (IOC) will no longer accept cargoes of Russian crude oil and Kazakh CPC Blend cargoes on a free-on-board (FOB) basis due to insurance risk, according to a tender notice and a source familiar with the matter.

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Russia-Ukraine conflict: 'India worried about impact on farm sector'

India is worried about the impact caused by the standoff between Ukraine and Russia, particularly on its exports, finance minister Nirmala Sitharaman said on Monday. Interacting with industry captains at an event here, Sitharaman said the Centre was seized of the matter and discussions were on between ministries for a "complete assessment" on the issue.

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Tax-saving plan must be for full year

With just a month left for the current financial year to end, taxpayers are again rushing to invest in popular tax-saving options.

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Cloud over $500 million exports to Russia, CIS countries

India's export target for this financial year is $650 billion, a number it will likely achieve, commerce and industry minister Piyush Goyal had said on January 17.

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Steps to boost NHAI's fiscal position in next few months: Giridhar Aramane,

NHAI secretary Giridhar Aramane said that the finance ministry has allocated much more to NHAI in the budget 2022-23 than what was expected. In 2021-22, he said, NHAI has a target of around 10,000-11,000 km.

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Road transport ministry allows vehicles to have maximum 3 decks to transport 2-wheelers

"The Ministry of Road Transport and Highways has issued a notification on February 25,2022 to amend Rule 93 of the Central Motor Vehicles Rules 1989, whereby rigid vehicles and trailers can have a maximum of three decks to transport two wheelers, with the load body not projecting over the driver's cabin," it said.

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MCA to enter all complaints against cos in electronic registry; seeks to curb possible unauthentic communications

Once the details are entered in the electronic registry MCA21, then a Service Request Number (SRN) is generated for the particular complaint and going forward, the same will be used in all communications related to that case.

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India's oil import bill to top $100 bn in current fiscal

India spent $94.3 billion in the first 10 months (April-January) of the ongoing financial year that started April 1, 2021, according to data from the oil ministry's Petroleum Planning & Analysis Cell (PPAC). It spent $11.6 billion in January alone when oil prices had started to surge. This compared with $7.7 billion spending in the same month last year.

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