Russia imposes aviation fuel export ban until November 30

Russia on Monday announced a ban on aviation fuel exports until November 30 as it seeks to safeguard domestic supplies amid falling refinery output and growing pressure on its energy infrastructure.Announcing the move, the Russian government said the restriction was aimed at maintaining stability in the domestic fuel market. “The aim of this decision is…

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Oman FTA benefits kick in from today

NEW DELHI: The finance ministry on Sunday issued notification on duty concessions on Omani goods under trade pact with India, which will come into effect from June 1.The India-Oman Comprehensive Economic Partnership Agreement (CEPA) was signed in Dec last year. “Provided that the (duty) exemption shall be available only if the importer proves to the…

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Prices of 30 medicines capped, including some for diabetes, BP

NEW DELHI: Medicines used for diabetes, high blood pressure, heart disease, infections and women’s health are among 30 drug formulations for which National Pharmaceutical Pricing Authority (NPPA) has fixed retail prices, a move that could significantly reduce treatment costs for patients who depend on long-term medication.The latest notification covers several drugs commonly prescribed for chronic…

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RBI MPC may hike inflation forecast, trim growth rate

MUMBAI: While the majority of forecasters and market participants expect Reserve Bank of India‘s Monetary Policy Committee meeting to vote for a status quo on interest rates, the forthcoming MPC statement on June 5 will be observed minutely.With disruptions owing to the West Asia conflict now approaching 100 days, this is no longer a short-term…

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FPIs take out nearly Rs 33k cr from Indian equities in May

NEW DELHI: Foreign investors continued to pare their exposure to Indian equities, withdrawing Rs 32,963 crore in May. Besides FPIs, analysts expect developments around the West Asia war, crude oil prices, and the RBI’s interest rate decision to determine the equity-market trend in the event-heavy week ahead.In 2026 so far, the total outflow by foreign…

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