Iran used to be India's second-biggest oil supplier, a position which now belongs to regional-rival Iraq after tough Western sanctions over its nuclear development programme limited Tehran's exports and access to finance.
India, the second biggest consumer of gold has witnessed 86 percent of its currency being demonetised at one go. How has this impacted prices and is any respite likely soon?
MIP and anti-dumping duties benefit local producers, but not the consumers. In the case of steel, user bodies have protested saying they are forced to buy expensive domestic steel when global prices are far lower
Indian exporters shipped goods worth USD 20.01 billion last month, lower than USD 21.35 billion provisionally reported in October.
The new plants will be set up in Rajasthan, Telangana and Andhra Pradesh and will become operational over the course of next year.