The Indian government has officially implemented new import restrictions on silver, encompassing various forms of the metal, including silver plated with gold or platinum, effective immediately. This policy shift, announced by the Directorate General of Foreign Trade (DGFT), aims to regulate the influx of precious metals and stabilize domestic market volatility. The decision follows a…
Shifting Energy Dynamics China, the world’s largest importer of crude oil, reported a significant contraction in energy imports during April 2024, as escalating tensions in the Middle East disrupted traditional supply chains and domestic fuel exports plummeted to a decade-long low. Customs data released this week indicates a multifaceted shift in energy trade, driven by…
Shifting Energy Dynamics In March, Russia solidified its position as India’s primary crude oil supplier, accounting for a record-breaking share of the nation’s total imports as geopolitical instability in West Asia disrupted traditional supply chains. This shift in procurement strategy follows the escalation of conflict in the Middle East, which forced Indian refiners to seek…
