India Imports

India imported 34.19 lakh tonnes of fertilisers, including urea and DAP, from Russia during April-February of the current fiscal, highest in the last three years, according to the data placed before Parliament. The imports have risen notwithstanding the Russia-Ukraine war. "....import of urea in the current year up to February (during the ongoing Ukraine war) is more than double as compared to the previous year," Minister of State for Fertilisers Bhagwanth Khuba said in his written reply to the Lok Sabha. Out of total fertiliser import of 34.19 lakh tonnes, about 6.26 lakh tonnes of urea was imported till February of the ongoing 2022-23 financial year, as against 2.80 lakh tonnes imported during the entire previous fiscal, he said. Apart from urea, Di-Ammonium Phosphate (DAP), Muriate of Potash (MoP) and NPK were the other fertilisers imported from Russia. DAP imports stood at 7.65 lakh tonnes, MoP at 0.43 lakh tonnes and NPK at 19.85 lakh tonnes during April-February period of th

Business Standard brings you the fortnightly Q&A on SMEs

Colombia is planning to fly dozens of its "cocaine hippos" -- the descendents of late drug trafficker Pablo Escobars private menagerie

Import from India's key crude oil suppliers -- Saudi Arabia and Iraq -- contracted 14.3 per cent and 11.2 per cent, respectively

Exports drop in 19 out of 30 sectors in Jan

India's edible oil imports rose 33 per cent in January to 16.61 lakh tonnes, the highest since September 2021, driven by higher imports of sunflower oil, according to industry body SEA. Import of vegetable oils (edible and non-edible oils) in January rose 31 per cent to 16,61,750 tonnes from 12,70,728 tonnes in the same month last year. Edible oil imports rose to 16,61,750 tonnes in January -- the second highest monthly volume after September 2021 -- from 12,51,926 tonnes, while non-edible oil imports fell to nil from 18,802 tonnes, the Solvent Extractors' Association of India (SEA) said in a statement. The total import of vegetable oils during the first three months of the oil year 2022-23 (November-October) rose 30 per cent to 47,73,419 tonnes compared to 36,71,161 tonnes in the same period last year. Edible oil imports increased to 47,46,290 tonnes during November 2022-January 2023 period of the current oil year from 36,07,612 tonnes in the year-ago period, while shipments of ..

India's exports in January dipped by 6.58 per cent to USD 32.91 billion, as against USD 35.23 billion in the same month last year, according to the data released by the commerce ministry on Wednesday. Trade deficit in January stood at USD 17.75 billion. Imports in January also declined by 3.63 per cent to USD 50.66 billion, as against USD 52.57 billion in the same month last year. During April-January this fiscal, however, the country's merchandise exports rose by 8.51 per cent to USD 369.25 billion. Imports during the period increased by 21.89 per cent to USD 602.20 billion.

India imported 152.7 lakh tonne of fertiliser, including urea and P&K, till December of the current fiscal, Parliament was informed on Friday. Sharing data in his written reply to the Lok Sabha, Minister of State for Chemicals and Fertilisers Bhagwant Khuba said: "The country imported 62.44 lakh tonne of urea and 90.26 lakh tonne of phosphatic and potassic (P&K) fertilisers during April-December period of the current fiscal". Among P&K fertilisers, the country imported 53.18 lakh tonne of Di-ammonium phosphate (DAP), 16.22 lakh tonne of Muriate of Potash (MoP) and 20.86 lakh tonne of NPK soil nutrients till December of the current fiscal. In the case of domestic production, the minister said the country's total fertiliser production reached 362.73 lakh tonne during the April-December period of this fiscal. This includes 210.98 lakh tonne of urea and 151.75 lakh tonne of P&K fertilisers. During 2021-22, the total domestic fertiliser production stood at 435.95 lakh ...

Amid rising risks to external demand, the government is concerned about widening trade deficit, bringing the focus back on curbing non-essential imports

Amid the rising bilateral trade, India has been exploring a rupee trade settlement mechanism with Russia

The data, released by the commerce ministry, also showed that the country's imports in December 2022 dropped to $58.24 billion as against $60.33 billion in the same month the previous year

This is the first time the trade deficit has crossed the $100 billion mark

India's power ministry has asked utilities to import 6% of their coal requirement until September, according to letter seen by Reuters

The government has also issued quality control orders to curb the imports of these non-essential items

The duty cut made refined palm oil imports lucrative for Indian refiners, which traditionally prefer to import crude palm oil

In November, media reports emerged showing a $12 billion mismatch in the Indian and Chinese trade figures between January and September

Containing imports will not help

The Chamber of Trade and Industry (CTI) wrote to Union Commerce Minister Piyush Goyal urging him for a change in the import policy and to make it mandatory to write the country of origin on every item

India is the world's biggest importer of edible oils and silver and the second-biggest consumer of gold

India imported 131.92 million tonne of coal worth Rs 2.3 lakh crore in April-September period of ongoing financial year. In FY22, the country's coal import of 208.93 million tonne (MT) was worth Rs 2,28,741.8 crore, Coal Minister Pralhad Joshi said in a reply to the Rajya Sabha. The coal import was 215.25 MT in FY21, 248.54 MT ( FY20), 235.35 MT (FY19) and 208.25 MT (FY18), the minister said. Import of coal in India consists mainly of coking coal and high grade coal, whose prices are normally higher than thermal coal. The average landed price per tonne of imported coal up to September of current financial year was Rs 19,324.79 while the average notified price per tonne (ex-colliery) of domestic coal was Rs 2,662.97 in the same period. India imports coking coal and other high gross calorific value (GCV) coal as domestic production is limited due to either scarce reserves or non-availability. Imported coal based (ICB) power plants in the coastal region import coal as they are so .