New Delhi, 1 June (IANS) The Government of India has received ₹2,12,679 crore, which represents 5.8 per cent of the total receipts for the corresponding BE 2026–27, for April this year. This comprises ₹1,78,492 crore of tax revenue (Net to Centre), ₹24,293 crore of non-tax revenue, and ₹9,894 crore of non-debt capital receipts on account of loan recoveries, according to a finance ministry statement issued on Monday. The monthly review of the Centre’s accounts also shows that ₹87,77…
Latest Middle East conflict News & Updates
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…
New Delhi, June 1 (IANS) India has succeeded in restricting its fiscal deficit to the 4.4 per cent of GDP target fixed for the financial year 2025-26, reflecting the robust state of government finances at the end of the year, official data released on Monday showed. The fiscal deficit, which shows the difference between government revenue and expenditure, stood at Rs 15.19 lakh crore in FY26.Data released by the Controller General of Accounts (CGA) showed revenue collections remained strong duri…
Seoul, June 1 (IANS) South Korea’s aviation sector output fell at the sharpest pace in 52 months in April, mainly due to a spike in fuel surcharges stemming from the prolonged Middle East conflict, government data showed on Monday.The production index for the aviation sector stood at 468.5 in April, down 13.5 percent from a month earlier, according to data released by the Ministry of Data and Statistics.It marked the largest on-month decline since December 2021, when the index dropped 14.2 perce…
Beijing, May 31 (IANS) China’s manufacturing activity slowed further in May as new export orders contracted and input costs kept rising, according to a survey by the country’s National Bureau of Statistics (NBS) released on Sunday. The official manufacturing purchasing managers’ index (PMI) dropped to a three-month low of 50 from 50.3 in April, with the 50-point mark separating growth from contraction, the data showed.While the supply rose during the period, the demand weakened further, with the…
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 22 (IANS) The Government has initiated special measures to ease container movement at Mumbai’s Jawahar Lal Nehru Port Authority which include rail evacuation, waiver of handling charges, green channels and trailer pooling to ease bottlenecks caused by disruptions due to the Middle East conflict.A high-level meeting chaired by Minister of Ports and Shipping Sarbananda Sonowal and Commerce Minister Piyush Goyal on Friday focused on better container movement as the Gulf-bound conta…
New Delhi, May 22 (IANS) As Pakistan gets included among world’s ten most severe hunger hotspots in the Global Report on Food Crises (GRFC) 2026, the country faces a dangerous overlap of climate shocks, economic fragility and rising inflation, a new report has said.The report from Maldives Insight said that surging fuel prices due to Middle East conflict has added a fresh layer of pressure into an already strained system.The Human Rights Council of Pakistan warned that the fuel price hike amou…
Washington, May 21 (IANS) The International Monetary Fund (IMF) has said its staff mission had held “constructive discussions” with Pakistani authorities on the country’s economic situation, including the fallout from the ongoing conflict in the Middle East, while reviewing Islamabad’s reform commitments and budget strategy for fiscal year 2027.An IMF mission led by Iva Petrova visited Islamabad from May 13 to 20. The talks focused on recent economic developments, implementation of refor…
Mumbai, May 15 (IANS) India’s foreign exchange reserves rose sharply by $6.295 billion to $696.988 billion during the week ended May 8, mainly driven by a significant increase in gold reserves, according to data released by the Reserve Bank of India on Friday.The latest rise comes after the country’s forex reserves had declined by $7.794 billion to $690.693 billion in the previous reporting week.India’s foreign exchange reserves had earlier touched a record high of $728.494 billion in the …