New Delhi, April 29 (IANS) More than 50.8 lakh domestic LPG cylinders and over 73,000 small 5 kg LPG cylinders were delivered on Tuesday as the supply of cooking gas remains normal in the country with no dry-outs reported at retail distributorships despite the supply chain disruption due to the Middle East conflict, the Petroleum and Natural Gas Ministry said.Online domestic LPG cylinder bookings have increased to 99 per cent while authentication code-based deliveries, on the registered mobile n…
Latest Middle East conflict News & Updates
New Delhi, April 28 (IANS) The supply of natural gas to the textiles and handicrafts sector is being maintained at 80 per cent of the past six months’ average consumption, despite the disruptions in imports due to the closure of the Strait of Hormuz, since it has been categorised as a priority industry, the Ministry of Textiles said on Tuesday.In case of supply disruptions, public sector gas utility GAIL is intermittently sourcing supplies from the spot market to meet domestic demand, the minist…
New Delhi, April 28 (IANS) More than 67,000 cylinders have been seized in multiple raids across the country to curb hoarding and black marketing of cooking gas since March this year, according to an update issued by the Ministry of Petroleum and Natural Gas on Monday. Further, over 1,160 FIRs have been registered, and 271 persons have been arrested during this period. More than 2,800 raids were also conducted nationwide on Monday.The government has sent a clear signal that strict action will be …
Seoul, April 25 (IANS) President Lee Jae Myung returned home from his two-nation swing to India and Vietnam, where he focused on expanding strategic cooperation in energy and supply chains to address uncertainties stemming from the Middle East conflict.Lee wrapped up the six-day trip after holding summits with leaders of the two countries, aimed at deepening economic and strategic ties across various areas, reports Yonhap news agency.On Monday, Lee held a bilateral summit with Indian Prime Minis…
Johannesburg, April 24 (IANS) The South African region is facing direct consequences due to the ongoing conflict in the Middle East, South African Minister of International Relations and Cooperation Ronald Lamola said on Friday.The minister made these remarks in Pretoria during the Inter-Departmental Workshop on the RISDP 2020–2030 in the context of South Africa’s Chairship of the Southern African Development Community (SADC).“The ongoing conflict in the US-Israel war on Iran and Lebanon h…
Mumbai, April 24 (IANS) India’s foreign exchange reserves registered a $2.3 billion increase in the week ending April 17, according to data released by the Reserve Bank of India on Friday.The country’s forex reserves rose to reach $703.30 billion, the central bank said.The uptick comes after a period of sustained pressure on the reserves, largely driven by external factors and currency market interventions.India’s reserves had previously touched an all-time high of $728.494 billion in the …
New Delhi/Hanoi, April 24 (IANS) President Lee Jae Myung’s state visits to India and Vietnam this week highlighted South Korea’s growing focus on securing energy supplies and strengthening raw material supply chains as global markets face mounting uncertainty from the conflict in the Middle East.Lee wrapped up the six-day trip Friday after holding summits aimed at deepening economic and strategic cooperation with the leaders of the two fast-growing economies, seen as critical to Seoul’s efforts …
New Delhi, April 23 (IANS) The Reserve Bank of India purchased $7.41 billion in the foreign exchange market during February this year on a net basis, marking the second straight month of net dollar buys, data from the monthly bulletin released on Thursday showed.The value of the Indian rupee rose 1 per cent vis-a-vis the dollar in February to post its first monthly gain in 10 months following the announcement of a trade deal between India and the US.During the month, the RBI purchased $21.4 bill…
Seoul, April 17 (IANS) Escalating geopolitical tensions linked to the prolonged Middle East conflict are posing risks of inflation and greater downside pressure on the South Korean economy, the finance ministry here said on Friday.The Ministry of Finance and Economy made the assessment in its monthly economic report, known as the Green Book, heightening its warning from last month, when it noted only potential fallout, reports Yonhap news agency.”The economy has faced increasing downside risks d…
New Delhi, April 16 (IANS) The International Monetary Fund (IMF) lowered Pakistan’s economic growth forecast to 3.5 per cent for the fiscal year 2026-27 and raised its inflation outlook, a report has said.In its latest World Economic Outlook released during the Spring Meetings, the IMF cut down the growth projection from its earlier estimate of 4.1 per cent, citing the impact of the ongoing Middle East conflict, while warning that the global economy could face significant disruptions if the wa…