IMF Asia-Pacific director Krishna Srinivasan said inflationary pressures are rising due to a global surge in food and fuel costs caused by the war in Ukraine
India has cut a windfall tax levied on oil companies and kept petrol out of an export levy less than a month after it introduced the two regulations.
Shares in Indian energy firms fell sharply on Friday after Delhi imposed a tax on fuel exports. Reliance sank by 8.7%, while state-owned ONGC and Mangalore Refinery each slumped 10%
The IMF stressed the need to end unfunded subsidies, which were costing the cash-strapped country billions per month, in talks with Islamabad that concluded last week
Hyzon is focused on working with operators of heavy-duty commercial fleets whose vehicles always return to base, where they can refuel at a central site
Carmakers from Mercedes-Benz to Tesla to China's Nio are trying to dispel consumer anxiety over the lack of widespread charging infrastructure
Asia's third-largest economy, which imports 80% of its oil needs, faces retail inflation staying above the central bank's tolerance limit of 6%