New Delhi, March 11 (IANS) The Indian government is actively exploring support measures for domestic shipping companies and exporters as insurance costs have shot up due to the war-risk premium that is being levied due to the Iran war, which has engulfed the Middle East region, according to a senior Finance Ministry official.Industry stakeholders have flagged the sharp increase in insurance costs during consultations held by Shipping Secretary T.K. Ramachandran and Department of Financial Servic…
Latest Iran war News & Updates
New Delhi, March 10 (IANS) As hotels and restaurants report commercial LPG shortage, the government has invoked the Essential Commodities (EC) Act to ensure the uninterrupted supply of domestic cooking gas, directing refineries and petrochemical units to maximise the production of LPG.The EC Act has been invoked to ensure divert key hydrocarbon streams to the LPG pool.Authorities have also asked these facilities to divert key hydrocarbon streams to the LPG pool in order to boost availability and…
New York, March 9 (IANS) New York narrowly escaped an Islamic State-linked terrorist attack when a bomb failed to explode, according to officials. That, and another home-made bomb, found during the Saturday attack, were made with an explosive called TATP, Police Commissioner Jessica Tisch said on Monday.The chemical, dubbed “Mother of Satan” because of its power and ease of making, was also found in the explosives set off near the Red Fort in New Delhi last year, and in other terrorist attacks a…
New Delhi, March 9 (IANS) The government has increased the minimum waiting period for booking a domestic LPG cylinder refill from 21 days to 25 days to prevent hoarding, as there were signs of panic buying taking place in the market amid the uncertainties due to the Iran war.Officials said that there is a sufficient supply of LPG available in the country, and the booking time for LPG cylinders has been increased as a measure to manage inventory effectively.The step has been taken as there was a …
Ahmedabad, March 6 (IANS) Adani Total Gas Ltd (ATGL) has not increased the prices of CNG for vehicles and piped cooking gas supplied to household kitchens, despite gas supplies being hit due to the Iran war, company officials said on Friday.An ATGL official said about 70 per cent of ATGL’s gas volumes are sourced domestically and supplied to retail CNG fuel stations for vehicles and as piped natural gas for cooking to household kitchens. Prices for these two consumer categories remain unchanged….
United Nations, March 3 (IANS) UN Secretary-General Antonio Guterres has carried out a round of diplomacy with leaders in the Gulf region as the world organisation expressed concern over the global economic fallout of the Iran war.The UN is “worried about the negative impacts that the military activities in the region as a whole could have on the world economy”, Guterres’ Spokesperson Stephane Dujarric said on Monday.”And those impacts, as they often do, hit the most vulnerable the hardest…