New Delhi, April 15 (IANS) Average auto LPG sales by public sector oil companies have risen to 282 metric tonnes (MT) a day in April this year from 177 MT a day in February as the supply for the transport sector is being maintained along with the domestic sector, the Ministry of Petroleum and Natural Gas said on Wednesday.A total of 1,34,226 metric tonnes of commercial LPG has been sold since March 14 this year, which includes more than 8000 MT of auto LPG.Over 14.6 lakh 5-kg free trade LPG cyli…
Latest Middle East conflict News & Updates
New Delhi, April 15 (IANS) Pakistan’s Inter-Services Intelligence (ISI) and its army have reactivated at least 70 terror launchpads across the Line of Control and International Border, planning a mass infiltration of nearly 800 terrorists into Jammu and Kashmir, intelligence sources revealed on Wednesday.The Pakistan establishment aims to exploit the current global focus on the Middle East conflict and the ongoing state elections in India to facilitate the infiltration, an official said.Global…
Washington, April 15 (IANS) Global financial markets have remained resilient despite volatility triggered by the Middle East conflict, the International Monetary Fund said and warned that rising debt levels and limited policy space could amplify risks if conditions worsen.Presenting the latest Global Financial Stability Report, IMF Financial Counsellor Tobias Adrian said markets have so far absorbed geopolitical volatility without major disruption. “The financial system has been resilient so f…
Washington, April 14 (IANS) Governments should avoid large-scale energy subsidies and instead adopt targeted, temporary support measures as the global economy grapples with a fresh supply shock from the Middle East conflict, the International Monetary Fund (IMF) cautioned on Tuesday. Speaking during a group interview with reporters from India, Japan, the UAE, the Netherlands and Chile, IMF Chief Economist Pierre-Olivier Gourinchas said fiscal responses must remain measured amid rising inflation …
Washington, April 14 (IANS) India’s growth outlook remains resilient despite rising global uncertainty triggered by the Middle East conflict, the Chief Economist of the International Monetary Fund (IMF) Pierre-Olivier Gourinchas said Tuesday projecting a steady expansion even as inflation edges higher.In a group interview with reporters from India, Japan, the UAE, the Netherlands and Chile, Gourinchas said, “India has been doing very, very well in 2025,” noting that growth is now estimated…
New Delhi, April 12 (IANS) Finance ministers and central bankers from the 191 member countries will attend the International Monetary Fund (IMF) and World Bank’s spring meetings, to be held from April 13-18 in Washington, DC, to take stock of the global economic uncertainties amid the fragile ceasefire between the US and Iran and continuing uncertainties over the outcome of the peace talks.IMF managing director Kristalina Georgieva has warned that the new economic forecasts, to be published on…
Seoul, April 12 (IANS) The number of passengers using South Korea’s railroad services reached a record high of over 42 million in the first quarter of the year, data showed on Sunday, partly driven by expanded train operations and rising oil prices that reduced private vehicle use.The number of passengers on high-speed KTX and other railroad lines across the country totaled 42.11 million in the January-March period, up 2.1 percent from 41.25 million recorded during the same period last year, acc…
Seoul, April 11 (IANS) Cash assistance for the bottom 70 per cent of income earners in South Korea will begin being rolled out later this month, the government announced Saturday, as part of efforts to ease the financial strain caused by rising oil prices.The aid will first reach the most vulnerable within that income bracket starting April 27 and expand to the broader eligible group May 18.Approximately 32.5 million people are eligible for the aid, with payments ranging from 100,000 won ($67.30…
New Delhi, April 10 (IANS) E-way bill generation clocked a robust 13 per cent year-on-year increase during March this year to touch an all-time high of 140.6 million — reflecting the high level of economic activity in the country, Goods and Services Tax Network (GSTN) data showed on Friday.The increase in e-way bill generation also increased on a month-on-month basis by 6.04 per cent from 132.59 million in February. An e-way bill is an electronically generated document mandated under the GST re…
Seoul, April 10 (IANS) The foreign ministry on Friday appointed former Ambassador to Kuwait Chung Byung-ha as its special envoy to Iran and will send him to Tehran soon to coordinate the safe passage of South Korean vessels and nationals amid the Middle East conflict, officials said.The ministry announced the appointment of Chung, currently ambassador for polar affairs, a day after Foreign Minister Cho Hyun held phone talks with his Iranian counterpart, Abbas Araghchi.During the talks, Cho annou…