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People paying Rs 17,000 for 1 kg potato, Rs 5000 for 1 ltr milk, but petrol priced at just Rs 0.70 paise a ltr
Wed, Feb 13, 2019
The circumstances are such that people do not have enough money to even buy food. Hunger in the country has increased so much that people are reportedly even resorting to killing to obtain one kg of rice.
US NSA tweets warning to India against buying Venezuelan oil
Wed, Feb 13, 2019
His tweet continued with the warning: "The US will continue to use all of its powers to preserve the Venezuelan people's assets and we encourage all nations to work together to do the same.
Top 10 most expensive cities in the world for expats
Thu, Jun 14, 2018
India says no plans for oil trade with Venezuela using ''petro'' cryptocurrency
Mon, May 28, 2018
India said on Monday it had no plans to use Venezuela`s local cryptocurrency ` petro ` in oil trade with the Latin American nation, which is facing sanctions from the United States
OPEC oil output inches down after November deal
Wed, Jan 18, 2017
OPEC oil production fell in December but remains well above levels envisaged under a recent deal due to take effect from January, the cartel`s new monthly report showed on Wednesday.
Cash chaos as Venezuela stuck in currency limbo
Fri, Dec 16, 2016
Venezuelans lined up to deposit 100-unit banknotes before they turned worthless, but replacement bills had yet to arrive, increasing the cash chaos in the country with the world`s highest inflation.
Venezuela's Maduro orders 100-unit banknotes out of circulation
Mon, Dec 12, 2016
Venezuelan President Nicolas Maduro on Sunday signed an emergency decree ordering the country`s largest banknote, the 100 bolivar bill, taken out of circulation to thwart "mafias" he accused of hoarding cash in Colombia.
Oil up as Venezuela sees output deal, Libya suffers clashes
Mon, Sep 19, 2016
Oil prices rose in Asian trade on Monday after Venezuela said that OPEC and non-OPEC countries were close to reaching an output stabilizing deal and as clashes in Libya raised concerns that efforts to restart crude exports could be disrupted.
Indian Oil Corp raises oil import from Iran to 5 MT for FY17
Tue, Aug 30, 2016
Indian Oil Corporation (IOC), the nation's biggest oil firm, has raised crude oil import from Iran to four-fold and has cleared most of the past payments as sanctions against the Persian Gulf nation were eased.
Govt, RBI trying to resolve payment issue with Venezuela: Commerce Secretary
Mon, May 30, 2016
Indonesia is very keen to procure the non-basmati rice from India because that is what they do consume and prices are also competitive.
Price of corn flour in Venezuela soars 900%
Tue, May 24, 2016
Officials said in early May that the price of controlled products would be updated to better reflect the cost incurred by producers.
Barter deal: India eyes oil-for-drugs plan with Venezuela
Wed, May 18, 2016
India, one of the world`s biggest oil importers along with the United States and China, had similarly elaborate barter deals with Iran.
Venezuela enforces public sector leave on 3 weekdays
Wed, Apr 27, 2016
Venezuela is hoping for a lot of rain over the coming weeks to replenish the reservoirs while the restrictions are in place.