"Under different scenarios, we see the impact of higher crude prices ranging from $25 billion to a maximum of $50 billion on the oil import bill. The increase in the oil import bill will also affect the current account deficit," economic affairs secretary S C Garg said in a conference on Friday.
Did you know that India is among the top five countries in food processing?
Summary of sports events and persons who made news on Friday
Kenneth Rogoff, professor of public policy and economics at the Harvard University, tells Dilasha Seth on the sidelines of the Delhi Economics Conclave that public sector banks will need to take a one-time haircut to address non-performing assets.
The threat was 'escalating' as cyber experts warned that another attack was imminent in coming days.
Indian indices have hit all-time highs in the New Year and the sentiment remains strong. All valuations are also at extremely high levels, cautions Devangshu Datta
Fund manager Gautam Sinha Roy shares what he has learnt from Warren Buffett, after attending Berkshire Hathaway AGMs over the years
Bitcoin billionaires are well-known in the avenue of criminality.
As economic policy making moves from pragmatism to populism, the bulls begin to make way for cautious optimists.
Security researchers with Kaspersky Lab have recorded more than 45,000 attacks in 99 countries, including the UK, Russia, Ukraine, India, China, Italy, and Egypt.
Digital extortion, in which hackers lock out all your data and seek ransom, is a real threat today, says Veenu Sandhu.
The CBI said the software enables the user to save all required details to book Tatkal tickets beforehand.
Reserve Bank of India Governor Shaktikanta Das tells Anup Roy, Raghu Mohan and Niraj Bhatt that it is time for banks to lower interest rates and start lending to cash-starved finance companies after due credit appraisal and proper risk assessment.
About Rs 15 lakh crore of high-value notes were scrapped, against which RBI has managed to supply roughly Rs 4 lakh crore worth of notes in the market so far, Anup Roy/Business Standard reports from Mumbai.
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