The Union Cabinet approved the Rs 84,084 crore Samudra Manthan National Offshore Exploration Scheme on July 31, committing to 60 deepwater wells, AI-driven seismic surveys, and offshore infrastructure hubs, targeting 600 MMTOE in new reserves and reducing India's $144 billion annual oil import bill by 2030-31.
Read Full ArticleSaudi Aramco has cut Arab Light crude prices for Asian buyers by $11 per barrel for August deliveries, the largest single-month price reduction in at least 26 years, as the Strait of Hormuz reopens, Brent retreats to $72, and a global supply surge shifts market power sharply toward buyers.
India began reducing Russian oil imports months before the U.S. imposed a 25% tariff, with data showing a broader diversification strategy already underway.
The Senior Citizen Rights Handbook is a comprehensive guide designed to empower elderly citizens with clear and accessible knowledge of their legal and social rights in India.
