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  • In FY22, India’s oil import cost more than doubled to $119 billion.

    In FY22, India’s oil import cost more than doubled to $119 billion.0

    In the fiscal year that ended on March 31, India’s crude oil import bill then doubled to $119 billion, as global energy prices skyrocketed following the restoration of demand and the crisis in Ukraine. According to data from the energy ministry’s Petroleum Planning & Analysis Cell, India, the world’s third-largest oil consumption and importing nation,

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  • Govt bans import of drones; provides certain exceptions

    Govt bans import of drones; provides certain exceptions0

    The government on Wednesday banned import of foreign drones with certain exceptions as part of efforts to promote domestic manufacturing of drones in the country. Import of drones for R&D, defence and security purposes have been exempted from the ban but such imports will require due clearances. “Import of drone components, however, shall not require

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