Implications of short-term gain of cheap Russia oil must be weighed

So, India should carefully weigh the short term gains of buying cheap oil from Russia against implications of annoying the western alliances

Last week, the government extended the current Foreign Trade Policy and Procedures by six months and the exemption from Integrated Tax (IGST) on imports under some export promotion schemes such as duty exemption scheme etc. by three months. The President gave his assent to the Finance Bill 2022 after it was passed by the Parliament. India, some of its neighbouring countries and Thailand discussed closer cooperation in trade related matters. India aided Sri Lanka to help tide over its economic crisis. 

The government companies raised the prices of petroleum products. The estimates of the current account deficit during the year