New Delhi, March 24 (IANS) Prime Minister Narendra Modi on Tuesday said that the Indian economy’s fundamentals are “strong” and the Centre is making “continuous efforts” to ensure the West Asia conflict has minimal effect on the country. Speaking in the Rajya Sabha on the West Asia conflict, PM Modi said, “This present problem has shaken the economy of the entire world. It will take a lot of time for the world to recover from the loss in West Asia. Continuous efforts are underway to ensure that …
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New Delhi, March 23 (IANS) Prime Minister Narendra Modi stated on Monday that the government possesses a strategic petroleum reserve and is in the process of building more reserves. He also noted that over the past decade, the sources of energy imports have been hugely diversified. “We have a strategic petroleum reserve of more than 53 lakh metric tonnes, and plans are underway to build another reserve of 65 lakh metric tonnes,” PM Modi said on Monday, while briefing the Lok Sabha on the Wes…
New Delhi, March 23 (IANS) Congress MP Manish Tewari on Monday raised concerns over supply disruptions caused by the ongoing conflict in West Asia and stressed the need to give diplomacy a chance. He said the war has entered a very critical and dangerous phase, urging all sides to de-escalate tensions. Speaking to the media, Tewari highlighted the challenges facing energy-consuming nations, pointing to the wider implications of disruptions in the supply chain of crude oil, natural gas, fertilise…
New Delhi, March 22 (IANS) The West Asia conflict is an evolving situation, and all efforts must be made to safeguard the citizens from the impact of this conflict, Prime Minister Narendra Modi said on Sunday, instructing that all arms of government should work together to ensure the least inconvenience to the citizens. PM Modi chaired a meeting of the Cabinet Committee on Security (CCS) to review the situation and ongoing and proposed mitigating measures in the context of the ongoing West Asia …
New Delhi, March 20 (IANS) The government on Friday clarified in Parliament that there is no proposal to increase the price of urea and the reduction in the size of urea bags has been undertaken as a policy measure to promote balanced fertiliser usage and improve soil health.The reduction in bag size, from 50 kg to 45 kg, and in certain cases to 40 kg, has been implemented with the objective of curbing excessive consumption of urea and encouraging judicious and efficient application of fertilise…
New Delhi, March 20 (IANS) The combined index of India’s eight core infrastructure industries increased by 2.3 per cent in February this year compared to the corresponding figure for the same month of the previous year, according to data released by the Commerce and Industry Ministry on Friday.The production of cement, steel, fertilisers, coal, and electricity recorded positive growth in February.Steel production recorded a 7.2 per cent increase in February over the same month of the previous …
Washington, March 14 (IANS) The United States expanded authorisations for Venezuela’s energy and petrochemical sectors, a move that could help stabilise global fertilizer and oil supplies — developments closely watched by major importers such as India.The US Treasury Department said the changes were made through updated licences issued by its Office of Foreign Assets Control (OFAC) as part of efforts to revive Venezuela’s energy industry and support global commodity markets.“The Trump ad…
New Delhi, March 10 (IANS) Assocham on Tuesday cautioned that a prolonged regional conflict in West Asia, amid escalating tensions involving the United States, Israel and Iran, could disrupt global trade and affect India’s energy supplies and exports.The apex industry chamber said India’s economy is closely linked to West Asian supply chains while also relying heavily on the Gulf region as a key export destination.The Middle East remains a major supplier of crude oil, liquefied natural gas (…
New Delhi, Feb 20 (IANS) The combined index of the country’s eight core infrastructure industries increased by 4 per cent in January this year compared to the corresponding figure for the same month of the previous year, propelled by the strong performance of the steel and cement sectors, according to official data released by the Commerce and Industry Ministry on Friday.The production of electricity, fertilisers, and coal also recorded positive growth in January.Steel production recorded a ro…
Gandhinagar, Feb 17 (IANS) As part of efforts to strengthen sustainable agriculture, Gujarat has issued Soil Health Cards to 2.19 crore farmers under the Soil Health Card (SHC) scheme, aimed at promoting scientific soil management and improving crop productivity.The scheme was first introduced in 2003–04 when the current Prime Minister, Narendra Modi, was serving as Chief Minister of Gujarat.The initiative made Gujarat the first state in the country to implement a structured soil testing and a…