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NDTV Global Economy Medium-term frameworks and better targeting will be key for building fiscal space and better confronting trade-offs such as providing support now and providing insurance against future emergencies. According to a USTR document pertaining to India, it has requested written comments regarding a potential trade action in connection with the Section 301 investigation of India s Digital Services Tax. India, the world s third-biggest oil importer and consumer, imports more than 80 per cent of its oil needs and relies heavily on the Middle East. Saudi Arabia s reduction in supplies come as the Organization of the Petroleum Exporting Countries (OPEC) and its allies, a group known as OPEC+, decided earlier this month to extend most of its supply cuts into April.

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