Picture courtesy Reuters
New Delhi: The Russia-Ukraine crisis is likely to have a fallout in India too, with a rise in the prices of essential commodities.
The rise in crude oil prices is expected to increase the subsidy on LPG and kerosene.
If the Russia-Ukraine crisis continues to simmer, India could see an increase in petrol-diesel prices. Oil consists of around 25 per cent of India’s total imports. India imports more than 80 per cent of its oil requirement. A rise in oil prices will impact the current account deficit, the report added.
Russia is also the world’s largest exporter of palladium, a metal used in automotive exhaust systems and mobile phones. Its price has also soared in recent weeks amid fears of sanctions being imposed on Russia.
Bhubaneswar: Odisha Chief Minister Mohan Charan Majhi on Friday said crop in around 1.75 lakh…
Mumbai: Sony TV’s popular crime show C.I.D is set to return to the small screen…
New Delhi: Indians living abroad can now order food for family members and friends through…
Bhubaneswar: In order to facilitate transportation of the passengers stranded for cancellation of trains due…
Mumbai: Kajol has been seen losing her calm in public several times. The Bollywood actress…
New Delhi: Aam Aadmi Party (AAP) founder Arvind Kejriwal on Friday appealed to Delhi voters…
New Delhi: In a significant crackdown on the Lawrence Bishnoi gang, Delhi Police Special Cell…
Bhubaneswar: The Special Relief Commissioner (SRC) of Odisha has cancelled the leave of the officials…