Start of New Cotton Season at Botad APMC: First Day Prices Range from ₹1500 to ₹2100 per 20 KgThe new cotton auction season began today at the Botad APMC. On the very first day, cotton prices ranged between ₹1500 and ₹2100 per 20 kilograms. More than ten traders started purchasing after performing the traditional ritual.On this auspicious occasion, the APMC chairman distributed sweets to farmers and traders, extending best wishes for a prosperous season. It is estimated that more than one lakh man (a traditional unit of weight) of cotton will arrive in the market premises this year.Last year, cotton prices were between ₹1400 and ₹1500 per 20 kilograms, while the Cotton Corporation of India (CCI) purchased at ₹1533. This year, CCI has decided to buy cotton at ₹1600 per 20 kilograms. Due to good rainfall, production has increased, which is expected to boost farmers’ income as well.Traders believe that if the government allows cotton exports, prices could rise further; otherwise, the market price is likely to remain stable at around ₹1600 per 20 kilograms. Farmers too are hopeful that in the coming days, they will receive better prices.read more :- India has shown flexibility on cotton imports. Now the U.S. must do the same
India opened cotton import, now it's America's turnIndia has allowed duty-free import of cotton until December 31, 2025. This “temporary” exemption from the earlier 11% duty comes at a time when domestic production of cotton in 2024–25 (October–September) is projected to fall to 31.14 million bales, compared to 33.65 million bales in the previous marketing year and the all-time high of 39.8 million bales in 2013–14. But it is not just lower output – a 2.6% drop in the sown area during this kharif season – that may have prompted the Narendra Modi government’s decision. The move also sends a significant signal to the U.S., where the value of cotton exports has dropped from $8.82 billion in 2022 to $4.96 billion in 2024, mainly due to reduced Chinese purchases (down from $2.79 billion to $1.47 billion). With China slashing imports further to just $150.4 million during January–June 2025, the market impact has been severe.No surprise then that the U.S. wants other countries to buy more. Vietnam, Pakistan, Turkey, and India have all stepped in. India alone imported $181.5 million worth of U.S. cotton in January–June 2025, compared to $86.9 million in the same period of 2024. With duties removed, imports are set to accelerate. The U.S. Department of Agriculture has welcomed this move. The department sees it not only as boosting U.S. cotton bookings but also as helping Indian textile exporters access cheaper and contamination-free fiber. The agency claims that nearly 95% of imported U.S. cotton is processed and then re-exported as yarn, fabric, and apparel. But above all, in this otherwise disappointing phase of Delhi–Washington ties, the development is encouraging. Keeping trade talks frozen serves neither side. By making cotton imports duty-free and improving raw material availability for its textile industry, India has shown a willingness to negotiate and flexibility. Now the U.S. must reciprocate by scrapping its unfair and irrational 25% “penalty” on India’s imports of Russian crude oil.However, there is another side to the story. After the introduction of genetically modified Bt hybrids, which raised average lint yields from 302 kg to 566 kg per hectare between 2002–03 and 2013–14, Indian cotton farmers have been left without access to any new crop technology. Since then, yields have dropped to below 450 kg, while cotton has become vulnerable to so-called secondary pests like pink bollworm and whitefly, as well as boll rot fungal pathogens. The lack of investment in breeding research and development is reflected in the record 3.9 million bales of imports projected for 2024–25. This double blow of import dependence and technology denial has also been seen in mustard and soybean. The Indian farmer can compete – and should be enabled to do so – but not with hands tied behind his back.read more :- State Wise CCI Cotton Sale 2024-25
State-wise CCI Cotton Sales Details – 2024-25 SeasonThe Cotton Corporation of India (CCI) decreased its prices by a total of ₹600 per candy this week. Following the price revision, CCI sold approximately 29,800 bales during the week, bringing the total cotton bales sales for the 2024-25 season to approximately 72,49,000 bales. This represents around 72.49% of the total cotton procured so far this season.A state-wise breakdown of sales indicates strong activity from Maharashtra, Telangana, and Gujarat, which together account for over 83.95% of the total sales to date.This data underscores CCI’s proactive efforts in stabilizing the cotton market and ensuring steady supply across key cotton-producing states.read more:- Cotton prices fade: Prices below MSP, farmers disappointed
Cotton: The shine of white gold has faded, the price fell below MSP in Muhurat deals, the faces of the farmers are gloomy,The Muhurat sale of cotton in the new season has not been good for the farmers, as they have got prices about Rs 1500 per quintal less than the MSP. In the Muhurat deals held on Friday in the mandis of Anjad and Khargone in Madhya Pradesh, cotton was sold at the rate of Rs 6,500 to Rs 7,100 per quintal. At the same time, the government has fixed the MSP of cotton at Rs 8,110 per quintal.The Muhurat sale of cotton in the new season has not been good for the farmers, as they have got prices about Rs 1500 per quintal less than the MSP. In the Muhurat deals held on Friday in the mandis of Anjad and Khargone in Madhya Pradesh, cotton was sold at the rate of Rs 6,500 to Rs 7,100 per quintal (Cotton Prices). At the same time, the government has fixed the MSP of cotton at Rs 8,110 per quintal.Effect of removal of import dutyTraders say that this decline was certain. The main reason for this is the government's abolition of import duty on cotton till 30 September and later extending this exemption till 31 December. Muhurat sale is a symbolic beginning of the arrival of cotton from the fields, but it also indicates future trends.Possibility of government interventionCurrent trends are indicating that the rates in the open market may remain much below the MSP. If such a situation arises in the coming days, then the Cotton Corporation of India may have to intervene and buy the produce from the farmers at MSP. Let us tell you that the corporation buys raw cotton from the farmers and sells the processed bales to the traders. Recently the corporation has reduced its sales rates even further, due to which there is a bearish trend in the rates of raw cotton.Economic mathematics of farmersAccording to TOI, Kishore Tiwari, former director of a government think tank, says that to make a profit by selling cotton at MSP, farmers should get a yield of at least six quintals per acre. Due to reasons like natural disasters, the yield is constantly decreasing. The cost of cultivating one acre of cotton is about Rs 24,000 to Rs 30,000. By selling 6 quintals of produce at MSP of Rs 8,110, the farmer gets a profit of only Rs 18,000 to Rs 24,000. This meager profit keeps the farmers in financial trouble throughout the year.read more :- US court declares most tariffs illegal, Trump calls them 'devastating to the country'
‘No power to impose’: US court declares most tariffs illegal; Trump says 'total disaster for country'A US federal appeals court on Friday ruled that most tariffs imposed by president Donald Trump under emergency powers were illegal, striking at the heart of his trade policy and setting up a likely battle in the Supreme Court.The ruling by the US court of appeals for the federal circuit in Washington, DC, covered two sets of tariffs - Trump’s “reciprocal” duties imposed in April as part of his trade war and another set announced in February against China, Canada and Mexico. It does not affect other tariffs Trump imposed under separate statutes, including those on steel and aluminum imports.India’s ‘Befitting Response’ To Trump’s 50% Tariffs; Sets Russian Oil 'Import Record' | ReportIn a 7-4 judgement the court observed: “The statute bestows significant authority on the President to undertake a number of actions in response to a declared national emergency, but none of these actions explicitly include the power to impose tariffs, duties, or the like, or the power to tax,” as quoted by Reuters.The decision also said Trump had exceeded his authority under the International Emergency Economic Powers Act (IEEPA).Trump had invoked IEEPA, a 1977 law historically used for sanctions and asset freezes, to justify tariffs by declaring a national emergency over persistent US trade deficits and cross-border drug flows. The administration argued that the law’s power to “regulate” imports extended to tariffs.The appeals court rejected that view, saying: “It seems unlikely that Congress intended, in enacting IEEPA, to depart from its past practice and grant the President unlimited authority to impose tariffs. The statute neither mentions tariffs (or any of its synonyms) nor has procedural safeguards that contain clear limits on the President’s power to impose tariffs.”The appeals court put its ruling on hold until October 14, allowing the Trump administration time to seek a reversal from the Supreme Court.Minutes after the ruling, President Donald Trump sharply criticised the judgement, saying if allowed it would be a “ total disaster for the Country”. In a post on his social media platform Truth Social, he attacked the appeals courts as "Highly Partisan" and asserted that the Supreme Court would rule in his favour.“If these Tariffs ever went away, it would be a total disaster for the Country,” Trump wrote in his post. “If allowed to stand, this Decision would literally destroy the United States of America.”“The President’s tariffs remain in effect, and we look forward to ultimate victory on this matter,” White House spokesman Kush Desai said in a separate statement, as quoted by CNBC.Trump has relied heavily on tariffs in his second term, using them as a central tool of US foreign policy to pressure trading partners and push for revised trade agreements. While the duties have helped his administration secure economic concessions, they have also added to uncertainty in financial markets.The lawsuits were filed separately by five small US businesses and a coalition of 12 Democratic-led states, who argued that under the Constitution, the power to issue taxes and tariffs lies with Congress and any delegation of that authority must be both explicit and limited.Trump had defended the tariffs as a way to rebalance global trade and protect US industries. He said the April tariffs were necessary because the US had imported more than it exported for decades, undermining manufacturing and military readiness. He also said the February tariffs against China, Canada and Mexico were justified because those countries were not doing enough to curb the flow of illegal fentanyl into the US - an assertion those governments have denied.The New York-based US Court of international trade had earlier ruled against Trump’s tariff policies on May 28, saying the president had exceeded his powers when imposing both sets of challenged tariffs. That three-judge panel included one judge appointed by Trump during his first term. Another court in Washington also found that IEEPA does not authorize tariffs, with the government appealing that decision. According to Reuters, at least eight lawsuits have been filed against Trump’s tariff measures, including one brought by the state of California.While the latest decision restricts tariffs imposed under IEEPA, it leaves intact those imposed under other legal authorities. The Justice Department is expected to appeal, with the case likely headed to the US Supreme Court.read more :- Cotton sale started in Abohar
Punjab: Cotton arrival begins in AboharNarma cotton arrived in the new grain market here on Tuesday. Despite a meagre arrival of only 75 quintals and bad weather, traders started buying cotton citing "shubh muhurat".Jannat Bansal, a representative of a private cotton factory, who bought the first consignment at Rs 7,131 per quintal, said, "This time the yield of Narma cotton is better than last year as farmers have increased the area under cotton cultivation." Arhtiya Vikram Tinna also expressed hope of good weather. According to the official cotton market bulletin, the lowest price of Narma cotton was Rs 7,200 per quintal in the last week of July.read more:- Maharashtra: Cotton procurement begins in the state from October 15
Maharashtra: Cotton procurement: Cotton procurement to begin in the state from October 15The Cotton Corporation of India (CCI) will procure cotton through around 550 centres across the country and over 150 centres in Maharashtra. CCI Chairman Lalit Kumar Gupta informed that cotton procurement will begin in the state from October 15.As per the demand of the textile industry, the central government has removed the 11 per cent import duty on cotton till December 31. This is likely to put pressure on cotton prices due to increased cotton imports. This is causing uneasiness among cotton farmers.The central government has declared a minimum support price of Rs 8,110 per quintal for cotton this year. However, due to the duty-free import policy, cotton prices in the open market are likely to remain lower than the MSP. Therefore, this year farmers will be inclined towards government procurement. There are indications of record arrival of cotton at CCI centres this season. Last season, CCI had procured about 2.5 lakh quintals of cotton. This year, more cotton is expected to be purchased.Sale possible after registrationCCI has made registration on the Kapas Kisan App mandatory for selling cotton. Registration can be done between 1 and 30 September. Registered farmers can sell cotton on any day and at any center in the prescribed seven-day slot.Cotton is cultivated in 38 lakh 35 thousand 947 hectares in the state.Assuming an average productivity of 10 quintals, the production of about 400 lakh quintals of cotton (80 lakh bales) is estimated from the cultivated area. Currently, 8 to 12 percent moisture is acceptable for purchasing cotton. The price decreases when the moisture increases. Accordingly, a reduction of Rs 324 is made by assuming 8 to 12 percent moisture. However, there is a demand to keep the moisture limit at 15 percent. Marketing expert Govind Vairale said that an additional deduction of Rs 567 will be made if the moisture increases, but this will benefit the farmers in selling cotton.Last season, the number of cotton procurement centres was less than 120. This year, considering the possibility of increased arrivals, there will be more than 150 procurement centres in Maharashtra. There is a plan to open about 550 procurement centres across the country. The special thing about this time's procurement is that all the steps from registration to payment have been done online.read more :- CCI reduced cotton price, 72% sales were done through e-bidding
CCI Decrease Cotton Prices, sold 72% of 2024–25 Procurement via E-BiddingThe Cotton Corporation of India (CCI) conducted online bidding for cotton bales throughout the week, with significant trading activity observed across both the Mills and Traders sessions. Over the course of four days, CCI decreased its prices by a total of ₹600 per candy.As of now, CCI has sold approximately 72,49,000 cotton bales for the 2024–25 season, representing 72.49% of its total procurement for the season.Date wise weekly Sales Summary :25 August 2025 :The highest daily sales of the week were recorded on this day, with 8,900 bales sold from the 2024–25 season.Mills session : 2,700 balesTraders session : 6,200 bales26 August 2025 :A total of 5,400 bales were sold from the 2024–25 season.Mills session : 2,600 balesTraders session : 2,800 bales28 August 2025 :Sales amounted to 8,600 bales, all from the 2024–25 season.Mills session: 6,000 balesTraders session: 2,600 bales29 August 2025 :The week concluded with sales of 6,900 bales.Mills session: 1,400 balesTraders session: 5,500 balesWeekly Total:CCI achieved total sales of approximately 29,800 bales for the week, underscoring its strong market engagement and the growing efficiency of its digital transaction platform.read more :- INR Drops 51 Paise, Closes at 88.20 per Dollar
The Indian rupee on friday lower 51 paise to close at 88.20 per dollar, while it opened at 87.69 in the morning.At close, the Sensex was down 270.92 points or 0.34 percent at 79,809.65, and the Nifty was down 74.05 points or 0.30 percent at 24,426.85. About 1838 shares advanced, 2052 shares declined, and 147 shares unchanged.read more :- Farmers Association urged not to increase cotton import duty exemption
Bharatiya Kisan Sangh urges government not to extend exemption in cotton import dutyThe Bharatiya Kisan Sangh (BKS) has urged the central government to withdraw its decision to extend the exemption in cotton import duty till December 31. Also, warned that this move may harm domestic farmers and India may move towards dependence on imports. This appeal has been made in a letter to Finance Minister Nirmala Sitharaman.According to the letter, BKS has said that India's cotton production is around 320 lakh bales, while domestic demand is around 39 lakh bales. A standard bale of cotton in India weighs around 170 kg.Mills estimate that usually about 60-70 lakh bales of cotton are imported every year, which is about 12 percent of the country's total cotton use.The farmers' organization said that this year the area under cotton cultivation has decreased by 3.2 percent compared to last year. "If the availability of domestic cotton seed does not increase, India will become an importer of cotton instead of an exporter," the Cotton Association of India (BKS) warned in the letter.South Asia's leading multimedia news agencyIt said cotton prices have already fallen from Rs 7,000 per quintal to Rs 6,000 per quintal following the announcement, and if duty-free imports continue till December, prices may fall further. "If cotton is imported at only Rs 2,000 per quintal, will anyone buy cotton from our farmers at Rs 2,000 per quintal?" ₹ 5,000 per quintal?" the Indian Cotton Association questioned in the letter.The finance ministry had initially exempted cotton import duty from August 11 to September 30, 2025. However, the recent decision has extended this exemption till the end of December.Indian Cotton Association general secretaryMohan Mitra stressed that the government should reconsider the decision. "If the government does not stop this decision of exemption in cotton import, India will become dependent on foreigners in the cotton sector instead of becoming self-sufficient," he wrote in a letter to the finance minister.Appealing to withdraw the notification immediately, he said that ensuring better prices for cotton...The letter concluded with a call to encourage farmers and prevent the sector from going into dependence on domestic cotton. A copy of the letter was also sent to Union Agriculture Minister Shivraj Singh Chouhan.read more :- Textile Stocks: Stir due to GST proposals after tariff
Textile Stocks: After tariff, now GST proposals have created a stir, keep an eye on these stocksTextile Stocks: Today, there is a lot of movement in the shares of the country's textile companies. The reason for this is that a big decision is going to be taken regarding the GST rates. According to the information received by CNBC-TV18 from sources, rates can be fixed on threads and clothes. Earlier, the shares of the textile sector are also being affected by the US tariff. Due to the purchase of oil from Russia, US President Donald Trump has imposed an additional tariff of 25% on India, due to which Indian goods are now subjected to a 50% tariff on entry into the US. Due to the US tariff, many stocks including Gokaldas Exports and Indo Count Industries fell by up to 20% in a month. This is because a large part of the revenue of these companies, about 50-70%, comes from the US market.How much relief is expected in GST rates?GST rates on synthetic filament yarn and sewing thread can be reduced from 12% to 5%. Apart from this, there is a proposal to reduce the GST rate on gimped yarn, metallized yarn and rubber thread from 12% to 5%. According to sources, there is a proposal to reduce the GST rate on other products including carpet and gauze from 12% to 5%, while the GST limit for readymade garments with 5% GST is proposed to be increased from ₹ 1,000 to ₹ 2,500. However, there is a proposal to increase the GST rates on readymade garments above ₹ 2,500 from 12% to 18%. However, it needs to be noted that these are only proposals and the final decision will be taken by the GST Council, whose meeting will be held on 3-4 September 2025.read more :- Rupee open Falls 06 Paise to 87.69/USD
Indian rupee opens 6 paise weaker at 87.69/USD as foreign selling, Trump tariffs weighThe local currency opened at 87.69 against the US dollar, as compared to 87.63 against the greenback at previous close.read more :- Rupee fell 12 paise to close at 87.63 per dollar
The Indian rupee on thursday lower 12 paise to close at 87.63 per dollar, while it opened at 87.51 in the morning.At close, the Sensex was down 705.97 points or 0.87 percent at 80,080.57, and the Nifty was down 211.15 points or 0.85 percent at 24,500.90. About 1409 shares advanced, 2501 shares declined, and 142 shares unchanged.read more :- CAI President Atul Ganatra's big statement on cotton prices
CAI President Atul Ganatra's big statement on cotton pricesCotton Association of India (CAI) President Atul Ganatra has made important statements about the current situation of cotton and the upcoming season. He said that cotton prices have increased significantly in the last two years, due to which work in big textile hubs like Tripura and Ludhiana has been affected.He said that if cheap cotton is available from any part of the world, its import will continue in India. Last week, about 2 lakh bales of cotton were imported from Australia. He estimated that next year 50-60 lakh bales of cotton can be imported, which will be the largest import in the last 100 years.However, this time a good crop is expected in North and South India and production may increase by about 10%. Ganatra ji said that the recent decision of the government is welcome.He said that at present CCI (Cotton Corporation of India) has a stock of 25-30 lakh bales of cotton. CCI will have to reduce its stock before the new crop arrives. Ganatra also said that if CCI reduces prices, imports will naturally decrease.He expressed concern over the demand situation and said that there is a clear shortage of yarn buyers, which may increase pressure on the industry.read more :- INR Opens Stronger by 17 Paise at 87.51
Rupee opens 17 paise up at 87.51 against the dollar on likely RBI supportThe local currency opened at 87.51 against the US dollar, as compared to 87.68 against the greenback at previous close.read more :- INR Gains 05 Paise, Closes at 87.68 per Dollar
The Indian rupee on tuesday higher 05 paise to close at 87.68 per dollar, while it opened at 87.73 in the morning.At close, the Sensex was down 849.37 points or 1.04 percent at 80,786.54, and the Nifty was down 255.70 points or 1.02 percent at 24,712.05. About 1167 shares advanced, 2751 shares declined, and 125 shares unchanged.read more :- USDA: India's cotton production estimated at 31.4 million bales in 2025-26
USDA estimates India's cotton output at 31.4 million bales in 2025-26The USDA local office in Mumbai has kept its forecast for Indian cotton output for the 2025-26 season beginning in October steady at 24.5 million bales of 480 pounds each (31.4 million bales of 170 kg each). This estimate has been made despite a reduction in acreage in key producing states of central India as farmers have turned to other profitable crops. The post estimates that India's cotton acreage in 2025-26 will decline to 11.2 million hectares from 11.5 million hectares in the previous year.Farmers in central India have preferred to grow competing crops such as paddy, maize and groundnut due to higher profitability, while an increase in yields due to favourable monsoon conditions is expected to offset the reduction in acreage. The post has forecast a yield of 476 kg per hectare for marketing year 2025-26, up from the current season's 464 kg per hectare.Cotton consumption in India is estimated at 25.7 million bales (25.5 million bales) at 480 pounds per bale, marginally higher due to stable demand for apparel and potential export growth following the ratification of the UK-India Comprehensive Economic and Trade Agreement (CETA). As of July 24, domestic lint prices are 5 to 6 cents higher than the Cotlook A-index, pushing mills to increase their reliance on imports. According to trade sources, mill utilisation is around 90 per cent due to strong export demand for yarn, fabric and apparel, supporting the forecast of higher consumption.read more :- "White Gold' cotton is now a burden for farmers"
Cotton, once 'white gold', has now become a burden for India's farmersCotton farmers in India are facing the worst crisis in decades. Cotton, once known as 'white gold' because of the prosperity of farmers, has now become a burden.The yield in the fields is decreasing, prices in the mandis are falling and imports are increasing in the markets. By making the import duty zero, the government has made the situation even more difficult for the farmers.If this trend continues, India may soon become completely dependent on cotton imports, just as it already depends on edible oils and pulses.Currently, cotton cultivation acreage, production and productivity are all declining, forcing India to depend more on imports.In just two years, cotton cultivation acreage has decreased by 14.8 lakh hectares, while production has declined by 42.35 lakh bales. Between October 2024 and June 2025 alone, cotton imports crossed 29 lakh bales, the highest in six years.Each bale contains 170 kg of cotton. Experts say this is the result of weak policy and poor planning. India already spends about Rs 2 lakh crore every year on importing edible oils and pulses, and now cotton is also facing the same threat.How much has the production declined?The level of decline can be seen in the data. In 2017-18, India produced 370 lakh bales of cotton. In 2024-25, it has come down to only 294.25 lakh bales. Experts say this decline is due to three major reasons - price, policy and pests.Farmers are getting less money for their crop, the government has not supported them with the right policies, and pests like pink bollworm are damaging crops. This will not only hurt farmers but also push up clothing prices for consumers as India buys more cotton from abroad.The three villains of cottonIndia is the world’s second-largest cotton producer after China, accounting for about 24% of global production.Despite this, farmers are struggling. Prices are one reason. Cotton prices had touched Rs 12,000 per quintal in 2021. Today, they have fallen to Rs 6,500-7,000 per quintal, which in many cases is even lower than the minimum support price (MSP).Another problem is pests. The pink bollworm has developed resistance to the Bt protein, making it difficult to control pest attacks. Farmers are forced to spend more money on pesticides, increasing their costs.Also, the government's decision to remove 11% import duty on cotton between August 19 and September 30 has opened the door to cheap imports, which will further reduce the income of Indian farmers.Experts say the situation is worrying. Bhagirath Chaudhary, founder director of the South Asia Centre for Biotechnology, said cotton production in India is being affected due to weak policies, lack of pest resistance and new technology. Poor seeds have also reduced productivity.He said that in 2017-18, cotton yield in India was 500 kg per hectare. By 2023-24, it has come down to just 441 kg per hectare.This is much less than the global average of 769 kg. The US produces 921 kg per hectare and China 1,950 kg per hectare of cotton. Even Pakistan is performing better than India with a production of 570 kg per hectare.The government promotes the idea of Aatmanirbhar Bharat, but such policies are discouraging farmers and reducing production. If this continues, Indian farmers will suffer and consumers will eventually have to pay more for clothes and other cotton products.read more :- Russia: Planning to hire Indian workers in textiles and technology
From textiles to tech: Russia plans to hire Indian workers in two more sectorsMost Indians in Russia currently work in the construction and textiles sector, but demand is growing.Indian companies are looking to hire Indian workers in the machinery and electronics industry, Vinay Kumar, India's ambassador to Russia, told Russian state news agency TASS. "On a broad level, there is a need for manpower in Russia, and India has skilled manpower. So currently, within the framework of Russian regulations, Russian rules, laws and quotas, companies are hiring Indians," Kumar said.Most Indians in Russia currently work in the construction and textiles sector, but demand is growing. "Most of the people coming to Russia are in the construction and textiles sector, but the number of those interested in hiring Indians in the machinery and electronics sector is growing," he added.This influx has also increased demand for consular services. "When people come and go, they need consular services for passport extension, child birth, lost passport, etc., basically consular services," Kumar said.The ambassador also responded to Washington's criticism of India's purchase of Russian crude oil. He said India's energy purchase policy will continue to be guided by national interest. "Indian companies will continue to buy from wherever they get the best deal. So that is the current situation," he said.Kumar stressed that the priority is energy security of India's 1.4 billion people. "We have clearly stated that our objective is energy security of India's 1.4 billion people and India's cooperation with Russia, like many other countries, has helped bring stability in the oil market and the global oil market," he told TASS.Rejecting US tariffs targeting India's energy ties with Russia, he said, "The government will continue to take measures that will protect the country's national interests."Kumar also pointed out that India's approach is in line with global practice. "Many other countries, including the US and Europe, are also trading with Russia," he said.External Affairs Minister S Jaishankar reiterated the same view on Saturday. Responding to the US criticism, he said, "It's ridiculous that people who work for a pro-trade US administration are accusing other people of doing trade. It's really weird. If you have a problem buying oil or refined products from India, don't buy it. Nobody forces you to buy it. But Europe buys, the US buys, so if you don't like it, don't buy it."read more :- Rupee open Falls 15 Paise to 87.73/USD
Indian rupee opens 15 paise lower at 87.73 on rally in dollar indexIndian rupee opened 15 paise lower at 87.73 per dollar on Tuesday versus Monday's close of 87.58.read more :- Rupee fell 19 paise to close at 87.58
| title | Created At | Action |
|---|---|---|
| Gujarat: Cotton season begins in Botad APMC: | 02-09-2025 01:23:11 | view |
| India has shown flexibility on cotton imports. Now the U.S. must do the same | 01-09-2025 21:41:33 | view |
| State Wise CCI Cotton Sale 2024-25 | 30-08-2025 22:09:05 | view |
| Cotton prices fade: Prices below MSP, farmers disappointed | 30-08-2025 21:10:13 | view |
| US court declares most tariffs illegal, Trump calls them 'devastating to the country' | 30-08-2025 19:38:38 | view |
| Cotton sale started in Abohar | 30-08-2025 18:44:32 | view |
| Maharashtra: Cotton procurement begins in the state from October 15 | 30-08-2025 18:38:02 | view |
| CCI reduced cotton price, 72% sales were done through e-bidding | 30-08-2025 00:15:35 | view |
| INR Drops 51 Paise, Closes at 88.20 per Dollar | 29-08-2025 22:45:16 | view |
| Farmers Association urged not to increase cotton import duty exemption | 29-08-2025 22:18:44 | view |
| Textile Stocks: Stir due to GST proposals after tariff | 29-08-2025 19:03:58 | view |
| Rupee open Falls 06 Paise to 87.69/USD | 29-08-2025 17:29:22 | view |
| Rupee fell 12 paise to close at 87.63 per dollar | 28-08-2025 22:49:31 | view |
| CAI President Atul Ganatra's big statement on cotton prices | 28-08-2025 22:30:20 | view |
| INR Opens Stronger by 17 Paise at 87.51 | 28-08-2025 17:34:42 | view |
| INR Gains 05 Paise, Closes at 87.68 per Dollar | 26-08-2025 22:40:24 | view |
| USDA: India's cotton production estimated at 31.4 million bales in 2025-26 | 26-08-2025 21:58:37 | view |
| "White Gold' cotton is now a burden for farmers" | 26-08-2025 19:02:33 | view |
| Russia: Planning to hire Indian workers in textiles and technology | 26-08-2025 18:41:54 | view |
| Rupee open Falls 15 Paise to 87.73/USD | 26-08-2025 17:28:43 | view |
