New Delhi, June 1 (IANS) While the market price of LPG has shot up to Rs 1,200 per cylinder in the global market, the Ujjwala households are still being supplied the gas at Rs 613 per 14.2 kg cylinder, as the government is footing a subsidy of Rs 587 per cylinder, a senior petroleum ministry official said. In effect, the Ujjwala households are paying only half the market price for the gas while the government is bearing the cost of the rest by providing a subsidy to protect them from the price r…
Latest Iran war News & Updates
New Delhi, May 27 (IANS) Air India has reduced the number of flights on some domestic routes between June and August as the loss-making airline struggles to cut costs amid soaring fuel prices triggered by the Middle East conflict, a statement said on Wednesday.The Tata Group-owned airline said in the statement that the move follows its earlier decision to scale back certain international services.”In continuation of our previously announced adjustments to select international services between Ju…
New Delhi, May 26 (IANS) Government-owned mining giant Coal India Limited (CIL) assured on Tuesday that it had adequate coal stocks to meet the peak summer demand from the country’s thermal power plants.The company said that the coal stock buffer currently available for use is around 168 million tonnes (MT), which includes inventories at power plants, CIL mine heads, transit points, and coal in transit through the railway networks.Stocks of the fuel at thermal plants running on domestic coal s…
New Delhi, May 12 (IANS) The government on Tuesday said it has revised the release date of the provisional estimates (PE) of annual gross domestic product (GDP) and quarterly estimates of GDP for fourth quarter (Q4), from last working day of May to June 7 (or the previous working day if June 7 is a holiday) of every year.The revision forms part of the continued efforts of the Ministry towards improving the quality, coverage and robustness of data used in national accounts compilation and is also…
New Delhi, May 8 (IANS) Pakistan has entered into a difficult phase of economic management as petrol and high‑speed diesel near Rs 400 a litre, compounding pressures on households and the government, a report has said.Pakistan-based The News International said in the report that State Bank of Pakistan’s policy rate hike to 11.5 per cent adds strain on borrowers.”While citizens are bearing the brunt of inflation, the government is risking its political capital by making unpopular decisions,” it…
New Delhi, April 20 (IANS) Pakistan could secure huge amounts of aid from the US by offering its territory as a base to oppose the Soviet invasion of Afghanistan, which began in December 1979, but it has not been able to get any money from during the Iran war in which it is playing the role of a peacemaker, laments an article in the Pakistani media.The Soviet-Afghan War began on December 24, 1979. Washington first offered Pakistan $400 million, but then President General Zia-ul-Haq dismissed it …
Jerusalem, April 19 (IANS) The Israeli military said Sunday it killed Hezbollah’s Bint Jbeil commander, Ali Rida Abbas, along with more than 150 members of the group in “pre-ceasefire strikes” during the 24 hours before a US-mediated truce took effect, media reports said. The military said Abbas was the fourth Hezbollah commander for the Bint Jbeil area killed by Israel since October 2023. It described Bint Jbeil in southern Lebanon as a key frontline area for Hezbollah attacks, Xinhua News Agen…
Mumbai, April 8 (IANS) The Reserve Bank of India (RBI) on Wednesday projected the country’s inflation rate based on the Consumer Price Index (CPI) for 2026-27 at 4.6 per cent as the near-term food supply prospects have been boosted by a robust Rabi crop which provides some comfort amid rising oil prices in the international market due to the Iran war.RBI Governor Sanjaya Malhotra said, “The pass-through of higher global energy prices has resulted in price increases in select fuels such as pr…
New Delhi, April 5 (IANS) Online LPG cylinder bookings have increased to 95 per cent, and no dry-out has been reported at LPG distributorships with more than 51 lakh domestic cylinders distributed on April 4, according to the latest update issued by the Ministry of Petroleum and Natural Gas on Sunday. To prevent diversion at the distributor level, Delivery Authentication Code (DAC) based deliveries have increased 90 per cent from 53 per cent in February before the disruption in supplies due to t…
Washington, April 5 (IANS) World leaders are moving to contain the Strait of Hormuz crisis without direct US leadership, as deepening divisions emerge between Washington and its European allies over the Iran war and its global fallout.Countries heavily dependent on Gulf energy supplies are scrambling to reopen the Strait of Hormuz, even as frustration grows over the US approach to the conflict, according to The Hill .The United Kingdom convened more than 40 nations this week to coordinate effort…