DENVER (KKTV) – The state of Colorado has received approval from the Food and Drug Administration (FDA) to import lower-cost prescription drugs from Canada to save Coloradans money on healthcare. According to the governor’s office, with this approval, the FDA has indicated that the Colorado Department of Health Care Policy & Financing has outlined a...Read More

India’s merchandise exports reached a record $45.2 billion in May 2026, marking a significant jump in the country’s global trade performance. The rise was mainly supported by strong shipments of petroleum products, engineering goods, electronics, and manufactured items, showing that India’s export growth is expanding beyond traditional sectors. The latest figures highlight how India is...Read More

India’s trade balance is facing pressure from two fronts — surging energy costs and rising electronics imports. India’s oil import bill rose to a record $22.7 billion in May 2026, driven by elevated crude and petroleum product prices amid geopolitical tensions in the Middle East, according to a report by Elara Securities. The spike in...Read More

New Delhi, June 16 (IANS): The Centre has increased the windfall gains tax on exports of diesel and aviation turbine fuel (ATF) while keeping the levy on petrol exports unchanged for the fortnight beginning Tuesday. According to a notification issued by the Ministry of Finance, the special additional excise duty (SAED) on diesel exports has...Read More

South Korea’s import prices rose 24.8% year-on-year in May 2026, accelerating from a 20.2% increase in April. Price gains were led by raw materials, which climbed 38.9%, driven by a 42.4% increase in mining product prices. Intermediate goods prices rose 26.8%, reflecting sharp increases in coal and petroleum products (73.1%), basic metal products (32.8%), chemical...Read More

Last Updated:June 16, 2026, 00:58 IST The latest increase in export duties is expected to further discourage exports of refined petroleum products and strengthen fuel availability. The government clarified that excise duty rates on petrol and diesel meant for domestic consumption will remain unchanged. The government increased the export duty on diesel and aviation turbine...Read More