https://www.taxtmi.com/news?id=13991 Estimates quantify the sensitivity of the national crude oil import bill to international oil prices and exchange rate movements: a fall in crude oil price reduces the import bill, and rupee appreciation against the US dollar yields a further significant decrease. The Government monitors export and import performance across sectors including crude oil and implements need-based corrective measures, taking into account financial and broader economic implications, reflecting administrative surveillance and readiness to adjust policy responses to manage trade and fiscal effects. en-us Wed, 25 Feb 2015 16:08:19 +0530 Wed, 25 Feb 2015 16:08:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=13991 Estimates quantify the sensitivity of the national crude oil import bill to international oil prices and exchange rate movements: a fall in crude oil price reduces the import bill, and rupee appreciation against the US dollar yields a further significant decrease. The Government monitors export and import performance across sectors including crude oil and implements need-based corrective measures, taking into account financial and broader economic implications, reflecting administrative surveillance and readiness to adjust policy responses to manage trade and fiscal effects. News - Wed, 25 Feb 2015 16:08:19 +0530 https://www.taxtmi.com/news?id=13991