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India's oil imports in May totalled 4.98 million barrels per day (bpd), the highest since December 2020. Iraq was India's second biggest supplier of oil in May. Russia rose to become India's second biggest supplier of oil in May while Saudi Arabia was in third place. Russian grades accounted for about 16.5% of India's overall oil imports in May, and helped raise the share of oil from the Commonwealth of Independent States countries to about 20.5%, while that from the Middle East declined to about 59.5%. Reason for increasing Russian Oil in India: Western sanctions against Russia for its invasion of Ukraine prompted many oil importers to shun trade with Moscow, pushing spot prices for Russia’s Ural crude oil to record discounts against other grades. That provided Indian refiners, which rarely used to buy Russian oil due to high freight costs, an opportunity to snap up low-priced crude.
Disguised unemployment exists primarily in the ________ sector in our country.
IndraGraminAwaas Yojana launched by which Ministry?
What is true about Mixed Economy?
1) The mixed economy combines both the features of a socialist and capitalist economy.
2) An arguabl...
Which of the following is/are true regarding Pradhan Mantri Awaas Yojana — Gramin?
1) Cost of unit assistance to be shared between Central a...
Which of the following is/are the objectives of Special Economic Zone (SEZ)?
Benefits of Sustainability are?
1) encourages investors interested in working with companies with long-term sustainability plans
2) l...
Which of the following Statements is/are True?
I. D-SIIs are perceived as insurers that are ‘too big or too important to fail’ (TBTF...
Which of the statements are correct?
1) Process of disinvestment is very fast
2) Process of disinvestment is very slow and government alwa...
With a vision to make India an energy-independent nation, and to de-carbonise critical sectors, the Government approved the National Green Hydrogen Miss...
Scarcity of capital, unemployment and technological backwardness are generally found in ________ economies.