"India's Efforts to Secure Affordable Russian Oil Amid Tightening Sanctions" India’s state-owned refiners are expediting payments for Russian crude oil to complete transactions before expanded US sanctions take effect. These refiners now settle payments within two days instead of the usual five, aiming to secure discounted Russian oil while navigating an increasingly restricted global trade environment. The urgency stems from Washington's announcement of stricter sanctions targeting Russia’s oil industry, which are set to take effect next month. Refiners are keen to ensure transactions are completed during the “wind-down” period allowed for pre-sanctioned cargoes. At least 4.4 million barrels of Russian oil are en route to Indian ports like Jamnagar, Chennai, Paradip, and Visakhapatnam. Among these shipments is the tanker Mercury , carrying over 1 million barrels of Russian Urals crude, expected to arrive in Paradip soon. This vessel loaded its cargo in mid-December ...
Introduction India's core sectors, comprising energy, infrastructure, and manufacturing, stand as the cornerstone of the nation's economic landscape. This essay embarks on a comprehensive exploration of India's core sector growth, dissecting the challenges they face and the promising opportunities they offer for the nation's development. These core sectors constitute the very foundation upon which India's economic progress is built. Their significance is underscored by their substantial contributions to the country's Gross Domestic Product (GDP) and their catalytic role in fostering growth across various industries. As we journey through the intricate tapestry of these sectors, we will witness the dynamic evolution that has transpired over the years, along with the formidable challenges that have emerged in tandem. In the pages that follow, we will delve into the energy sector's pursuit of sustainability, infrastructure development's relentless march t...