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The timing is significant: the cargoes were likely secured before the worst of the Hormuz disruptions took hold, suggesting the shift towards Venezuelan crude reflects a longer-term strategic repositioning rather than a purely reactive scramble for available barrels. India imports around 90% of its crude oil requirements, and the Strait of Hormuz typically carries close to 40% of its total supply. The near-closure of that route following the outbreak of the West Asia conflict has forced refiner ...Read More >
Deloitte India Partner MS Mani said : "The increase in collections is in line with the GDP growth data shared recently and would give the policy makers the confidence to move ahead with GST 2.0 reforms slated to be discussed in the GST Council Meeting this week " ICRA Chief Economist Aditi Nayar said while CGST and SGST recorded a double-digit expansion, the growth in IGST and cess collections was tepid, dampening the headline GST increase to 6.5 per cent. ...Read More >
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