NEW DELHI: India is supplying diesel to Bangladesh on a commercial basis as part of its existing trade agreement, officials said on Tuesday, amid reports that India had begun supplying 5,000 tonnes of fuel to the neighbouring country due to the energy crisis created by the conflict in West Asia.Officials said New Delhi had been supplying diesel to Bangladesh under the ‘India-Bangladesh Friendship Pipeline’ initiative that was operationalised in 2017. Under the commercial framework, India is to supply 1.8 lakh tonnes of diesel to the neighbouring country annually. The fuel is supplied from Numaligarh Refinery Ltd.“The diesel supply is part of regular ongoing energy trade between the two countries and fuel availability in India is being closely monitored,” said an official.
Crisis in West Asia a live BoP stress test: CEA V Anantha Nageswaran
NEW DELHI: The ongoing West Asian crisis is a “live balance of payments stress test” for the country – directly impacting inflation, the exchange rate and the current account, chief…