New Delhi, May 23 (IANS) Commerce and Industry Minister Piyush Goyal said on Saturday that in terms of elevated fertiliser prices, the costs have not been passed on to farmers and the entire burden has been fully borne by the Central Government.“In every respect, India has demonstrated to the world an economy that is self-confident, progressing on the path of self-reliance, and engaging with the world on equal and fair terms,” the minister said during a news briefing here.This is reflected i…
Latest Middle East crisis News & Updates
New Delhi, May 23 (IANS) Pakistan’s external sector has once again exposed the economy’s structural weaknesses amid the ongoing Middle East crisis, according to a new report.Despite short-term economic stabilisation measures, Islamabad has not done much to address deeper issues that continue to constrain its economic potential, according to the report in The Diplomat.Pakistan’s economy appears to be heading toward another challenging phase. “The current account deficit has once again res…
Bengaluru, May 18 (IANS) Karnataka Agriculture Ministry said Monday that compared to previous years, the opening stock of urea fertiliser is significantly lower this year. It said that the opening stock stood at 3.91 lakh metric tonnes in 2023, 5.41 lakh metric tonnes in 2024, and 3.46 lakh metric tonnes in 2025. However, in the current year, only 2.80 lakh metric tonnes are available.Further, Minister for Agriculture c stated on Monday, “At the global level, instability has emerged in the imp…
United Nations, May 16 (IANS) UN relief agencies have called for an urgent scale-up of life-saving assistance to stave off a rapidly intensifying, critical food insecurity emergency in Somalia. The Food and Agriculture Organization, the Office for the Coordination of Humanitarian Affairs (OCHA), the UN Children’s Fund and the World Food Programme issued the plea, said Farhan Haq, deputy spokesperson for UN Secretary-General Antonio Guterres, on Friday (local time).Haq said that, according to the…
New Delhi, May 15 (IANS) As petrol and diesel prices were raised by Rs 3 per litre on Friday, experts said that the fuel price hike could accelerate investment in renewable energy and diversified supply chains. Dr. Manoranjan Sharma, Chief Economist at Infomerics Ratings, said the hike could push inflation higher by raising transportation and production costs, translating to higher prices for essential goods.”Oil-importing nations may face decelerated growth, weaker industrial output, and reduce…
New Delhi, May 13 (IANS) Air India has decided to suspend several international flights for three months, beginning June, amid surging jet fuel prices due to the Middle East crisis, said reports.Multiple reports said that the reduction in international flights from Delhi include key destinations like Chicago and Newark in the US, Singapore and Shanghai.Moreover, Air India flights to destinations like San Francisco, Paris, and Toronto have been cut. Overall, the airline has reduced around 100 dai…
New Delhi, May 12 (IANS) Amid global supply disruptions due to the Middle East crisis and soaring crude prices, ethanol-blended petrol is rapidly gaining ground as a sustainable fuel of the future, with India emerging as one of the world’s most closely watched biofuel success stories, according to a report in The Times Kuwait newspaper.It points out that India’s long-term ethanol blending strategy has paid dividends by enabling the world’s fastest growing economy to cushion the oil supply …
New Delhi, May 11 (IANS) India’s fertiliser security remains strong and stable with the government having scaled up domestic production and imports to ensure availability consistently exceeds requirements of farmers across all major categories amid the Middle East crisis, a top official of the Department of Fertilisers said on Monday.The country currently holds a comfortable stock of 199.65 LMT, covering more than 51 per cent of the seasonal demand, which is a sharp increase from the usual buffe…
New Delhi, May 6 (IANS) More than 87.28 lakh domestic LPG cylinders were delivered against bookings of around 88.82 lakh cylinders in the last two days, with 95 per cent of the deliveries based on the authentication code sent to registered mobile numbers of consumers to prevent diversion at the distributor level, according to an update issued by the Ministry of Petroleum and Natural Gas on Wednesday.The supply of domestic LPG is normal with online bookings for cooking gas rising to 99 per cent a…
Geneva, May 2 (IANS) The Middle East crisis has generated far-reaching ripple effects well beyond the region, with growing consequences for global humanitarian supply chains and the delivery of aid, the United Nations High Commissioner for Refugees (UNHCR) spokesperson warned.Heightened insecurity and instability around key Gulf routes, including the Strait of Hormuz, have disrupted maritime traffic. Rising fuel, food and freight costs worldwide are driving up prices and delaying the delivery of…