Russia oil discount to India shrinks to $4, delivery charges remain opaque

Russia oil discount to India shrinks to , delivery charges remain opaque

The steep discounts on Russia crude oil that India gorged on since the Ukraine war, have plunged but the shipping rates charged by Russia-arranged entities continues to remain ‘opaque’ and higher than normal, sources said. Russia bills Indian refiners at a price shade less than the $60 per barrel price cap imposed by the West … Read more

Rule prohibiting investment by opaque funds done away by SEBI on ‘weak grounds’, claims Cong

Rule prohibiting investment by opaque funds done away by SEBI on ‘weak grounds’, claims Cong

The Congress on Tuesday alleged that a rule prohibiting investment by opaque funds was done away with by SEBI on “weak grounds” and said the market regulator cannot run with the hares by diluting reporting requirements and hunt with the hounds pretending to identify beneficial ownership in opaque tax havens. The Opposition party’s assertion came … Read more