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…
Latest Iran war News & Updates
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…
New Delhi, April 3 (IANS) The expansion of Piped Natural Gas (PNG) has gained momentum with 3.42 lakh connections gasified and 3.7 lakh new registrations have been made since March 2026, the Ministry of Petroleum and Natural Gas said on Friday.States have been advised to facilitate the new PNG connections for both domestic and commercial consumers, a ministry statement said.The government is making all efforts to ensure the availability of petrol, diesel and LPG, and citizens are advised to avoi…
New Delhi, April 2 (IANS) The Centre has rolled out a series of relief measures aimed at shielding Indian industry and consumers from the adverse economic impact of the Iran war, which has disrupted supply chains and hit exports.The Finance Ministry has outlined steps spanning customs duty cuts for key raw materials, export incentives, fuel price controls, and financial support mechanisms, with a focus on ensuring stability across key sectors.The Government has allowed Special Economic Zone (SEZ…
New Delhi, April 1 (IANS) India’s crude inventory is adequate, and all necessary arrangements have been made to ensure sufficient crude supply for the next two months, the government said on Wednesday.Petroleum and Natural Gas Ministry’s Joint Secretary, Marketing and Refinery, Sujata Sharma, said all refineries are operating at optimal capacity, and no instances of fuel shortages have been reported at retail outlets.”I would also like to highlight that about two months ago, Brent crude was trad…