As of now India imports over 80% of its gas needs from other countries spending billions of dollars. With the Reliance Industries limited , which is the largest private sector company in India, starting the gas and oil production from its Krishna-Godavari basin in the next few months, the import bill of India is expected [...]

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China has hiked the export duty on Phosphorus ( that is used in the manufacture of matches,insecticides, pharmaceuticals, agro chemicals, lubricant additives and water treatment compounds etc) from 20% to 120% and this is expected to add to the cost of these items for India. India imports over 20000 tons of Phosphorous from China every [...]

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Indian government today announced that the latest Inflation rate is at 8.75 percent which is the highest figure since early 2001. This has put more pressure on the government to come out with more fiscal measures and export control measures. The inflation is expected to shoot over 9 percent in coming weeks, since the retail [...]

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