{"id":534702,"date":"2022-11-07T08:47:40","date_gmt":"2022-11-07T03:17:40","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=534702"},"modified":"2022-11-07T08:57:50","modified_gmt":"2022-11-07T03:27:50","slug":"external-sector-could-face-some-anxious-moments-says-cea-nageswaran","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/external-sector-could-face-some-anxious-moments-says-cea-nageswaran\/","title":{"rendered":"External sector could face some anxious moments, says CEA Nageswaran"},"content":{"rendered":"<p>The country\u2019s external sector could face some anxious moments this financial year, as the proposed oil price cap on global crude could instead serve to raise those instead, said V Anantha Nageswaran, chief economic adviser to the finance ministry, on Saturday. <\/p>\n<p>\u201cThe way the oil price cap is being discussed has encouraged oil and gas traders to stock up on volumes, creating unintended consequences. This could create additional pressure on our balance of payments\u201d, he said at the release of NCAER\u2019s mid-year review of the economy, on Saturday. <\/p>\n<p>G7 nations have signed a plan, under which companies buying Russian oil and natural gas for supply to these countries and a bloc of others shall buy those only at a capped price. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>The country\u2019s external sector could face some anxious moments this financial year, as the proposed oil price cap on global crude could instead serve to raise those instead, said V Anantha Nageswaran, chief economic adviser to the finance ministry, on Saturday. \u201cThe way the oil price cap is being discussed has encouraged oil and gas traders to stock up on volumes, creating unintended consequences. This could create additional pressure on our balance of payments\u201d, he said at the release of NCAER\u2019s mid-year review of the economy, on Saturday. G7 nations have signed a plan, under which companies buying Russian oil [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,169],"tags":[],"class_list":["post-534702","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-oil-gas-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/534702","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=534702"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/534702\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=534702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=534702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=534702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}