India today imports 80 per cent of its oil and 50 per cent of its natural gas needs. India is now importing oil and gas from as many countries as possible, about 40 countries now, to meet its demand.
A proposed 100 per cent U.S. tariff on semiconductor imports, announced by President Donald Trump, could force a strategic shift of Taiwan's chip production landscape, potentially pulling more of the island's semiconductor operations onto American soil, reports Focus Taiwan.
India's crude oil import bill could increase by USD 9 billion to USD 12 billion, if the country stops buying Russian crude oil, according to a report by the State Bank of India (SBI).
India's strong domestic demand and the robust performance of its services sector will help cushion the economic impact of steep new US tariffs imposed as a penalty for continued imports of Russian crude oil, according to a report by Moody's Ratings.
According to the submission, reviewed and cited extensively by the Uyghur Human Rights Project (UHRP), the UK's efforts to diversify supply chains for critical minerals, vital to the green energy transition, must be underpinned by a clear human rights framework.
Congress MP Sukhdeo Bhagat on Thursday criticised Prime Minister Narendra Modi's silence over the imposition of a 25 per cent additional tariff on Indian oil imports from Russia, and said that the US President himself continues to buy uranium and fertilisers from Russia.
US President Donald Trump has imposed an additional 25 per cent tariff on imports from India, as per the economists and experts the move could dent the India's GDP growth in FY26 by 0.4 per cent.
Responding to ANI, a White House official said that India's oil trade with Russia is significantly larger and more deliberate than the US's restricted imports of essential commodities.
"Uranium, Palladium, there are various things they (US) are importing from Russia. There is, unfortunately, a certain double standard involved. They have given the Chinese a 90-day break, but the Chinese are importing far more Russian oil than we are. So clearly this has not been a partic