New Delhi, June 4 (IANS) With the conflict still raging in the Middle East, India is among the most exposed major economies with a heavy dependence on Persian Gulf oil and gas supplies as well as fertilisers. Approximately 50 per cent of the country’s crude oil imports (2.5–2.7 million barrels/day), 68 per cent of LNG (Liquefied Natural Gas), and over 85 per cent of LPG (Liquefied Petroleum Gas) usually transit the Strait of Hormuz. Any disruption significantly impacts India’s economic gro…
Latest Gulf countries News & Updates
Nagpur, May 28 (IANS) Maharashtra Congress Legislative Party Leader Vijay Wadettiwar on Thursday launched a scathing attack on the BJP government, accusing it of using ‘religious polarisation, event-mongering, and emotional tactics’ to mask its failures, even as the public reels under inflation, unemployment, fuel price hikes, and economic instability. Slamming the government over the escalating fuel shortage and skyrocketing prices, Wadettiwar stated, “Diesel is now being rationed and distribut…
Sangli, May 28 (IANS) In light of the prevailing economic hardships, senior leader of the Nationalist Congress Party (SP) and former State Finance Minister, Jayant Patil, on Thursday urged the Maharashtra government to prioritise public interest by immediately waiving the Value Added Tax (VAT) and surcharges on petrol and diesel. Patil made this demand through an official letter addressed to Chief Minister Devendra Fadnavis.Expressing deep concern over the situation, Patil stated that the contin…
Mecca, May 25 (IANS) Over 1.5 million people have arrived in Mecca for the annual Haj pilgrimage, which this year takes place amid hopes for an end to the war in West Asia. To protect them, the Saudi Ministry of Defence has strengthened its air defences. The white-clad pilgrims, travelling by bus or on foot, arrived at the vast Mina encampment after performing the “tawaf,” or walking seven times around the Kaaba, the enormous black cube of Mecca’s Great Mosque. The start of the Hajj coincided wi…
Bhopal, May 23 (IANS) Raising concern over soaring airfares between India and Gulf countries, Rajya Sabha Congress MP Vivek Tankha has appealed to the Centre to step in with immediate corrective measures, saying the sharp increase in air ticket prices was severely affecting lakhs of Indian families dependent on annual travel to their hometowns. In a letter addressed to the Union Finance Minister Nirmala Sitharaman, External Affairs Minister S. Jaishankar and Civil Aviation Minister Kinjarapu Ram…
Jaipur, May 19 (IANS) Bharatiya Janata Party state president Madan Rathore hit back at the opposition over allegations related to water, fuel, and gas supply issues, accusing Congress leaders of indulging in political theatrics and spreading unnecessary confusion among the public. Rathore said that, despite serving three terms as Chief Minister of Rajasthan, Ashok Gehlot failed to establish a permanent, robust water supply system across the state, including in Jodhpur.He stated that it was a mat…
Patna, May 18 (IANS) Launching a sharp attack on the Bharatiya Janata Party-led Union government over rising inflation and restrictions on people, Punjab Chief Minister Bhagwant Mann on Monday said the Centre has pushed the country into an “undeclared lockdown” while hiding the true state of the economy from people. Pointing out that the Centre artificially suppressed fuel prices until elections and is now burdening citizens immediately afterwards, Mann demanded that the Union government pub…
Washington, May 15 (IANS) The West Asia conflict involving the United States, Israel and Iran has destabilised the security architecture in the region with far-reaching and unpredictable consequences. For years, the Gulf countries had depended on the US for their security, hosting American bases on their soil and procuring expensive US weaponry. However, Iranian attacks on these bases during the conflict raised questions over the effectiveness of US air defence systems, which have not delivered …
Beijing/Tehran, May 13 (IANS) Chinese components, including sensors, voltage converters and semiconductors, have been identified in Iranian drones, raising concerns over the transfer of sanctioned dual technology. China is believed to be assisting Iran with intelligence on the US military deployment in the Gulf and also supplying surveillance systems while enabling Tehran to expand its weapons capabilities, a report said on Wednesday.”China supplying the theocratic Islamic regime in Iran with we…
New Delhi, May 6 (IANS) India’s total exports of merchandise and services increased by 4.6 per cent to a record high of $863.11 billion during the financial year 2025-26, compared with the corresponding figure of $825.26 billion for the previous fiscal year, despite the US tariff turmoil and uncertainties triggered by geopolitical tensions, the latest figures compiled by the Commerce Ministry showed.Merchandise exports registered a 0.93 per cent growth to $441.78 billion during the financial yea…