New Delhi, April 5 (IANS) As the West Asia situation is still evolving, the Reserve Bank of India (RBI) is likely to maintain status quo in the upcoming monetary policy committee (MPC) meeting next week (April 6-8), a report by SBI Research said on Sunday.As the first policy since the staring of US-Israel and Iran war, the RBI would be much careful in communicating its position.The Central Bank needs to “concomitantly explore the probability of conducting Operation Twist” that pushes up the …
Latest US-Israel conflict News & Updates
New Delhi, March 30 (IANS) Gold and silver prices witnessed sharp losses on Monday, tracking declines in global bullion markets amid fading hopes of a US Federal Reserve rate cut and rising inflation concerns.On the Multi Commodity Exchange (MCX), gold contracts for June 5 delivery opened 0.27 per cent lower at Rs 1,46,850 per 10 grams, as against the previous close of Rs 1,47,255. The yellow metal declined sharply during the session, falling as much as Rs 3,043, or 2.06 per cent, to hit an intr…
New Delhi, March 27 (IANS) BJP MPs Anurag Thakur and Hema Malini on Friday welcomed the central government’s decision to slash excise duties on petrol and diesel by Rs 10 per litre each, bringing them down to Rs 3 per litre for petrol and zero for diesel, in a move aimed at cushioning the impact of surging global oil prices.The reduction comes amid fears of a price hike due to the global energy crisis, triggered by the US-Israel conflict with Iran and the resultant blockade of the Strait of Horm…
Bhubaneswar, March 27 (IANS) Odisha Chief Minister Mohan Charan Majhi on Friday thanked Prime Minister Narendra Modi for the reduction of Rs 10 per litre in central excise duty on both petrol and diesel, to ensure adequate availability of fuel and essential commodities.Describing it as a significant move, CM Majhi wrote on his X handle that India always acts with prudence and preparedness under the visionary leadership of Prime Minister Modi amid an evolving global landscape.“I express my sinc…
Seoul, March 26 (IANS) South Korean President Lee Jae Myung on Thursday urged the nation to cooperate on energy-saving efforts as the prolonged war in the Middle East has disrupted global energy markets, but pledged no change in electricity prices.Lee made the remarks during an emergency economic response meeting, as the government is set to impose another round of a fuel price cap to help protect the nation’s economy from impacts from the US-Israel war with Iran.”(I) urge gas stations to active…
Mumbai, March 20 (IANS) Gold and silver on Friday witnessed a substantial rise in prices, with both precious metals gaining 3 per cent amid hopes of easing tensions in West Asia.On the Multi Commodity Exchange (MCX), gold futures (April 2) touched an intra-day high of Rs 1,48,302 per 10 grams at around 10:45 am, up 2.30 per cent or Rs 3,348. During the session so far, gold hit a low of Rs 1,47,401. At the last count, the yellow metal was trading at Rs 1,47,534, up Rs 2,580 or 1.78 per cent.Simil…
New Delhi, March 19 (IANS) The upcoming English cricket season may face an unusual challenge due to a shortage of Dukes balls, which could affect preparations for both domestic and international matches. Delays in Gulf shipping routes, caused by the ongoing US-Israel conflict with Iran, have slowed the transportation of cricket balls from South Asia to the UK, posing logistical hurdles for the organisers.The English season is set to start on April 3, but officials report that stock levels of Duk…
New Delhi, March 19 (IANS) Congress MP Shashi Tharoor has weighed in on the ongoing West Asia crisis, offering a nuanced defence of India’s diplomatic restraint and pushing back against critics who have described the government’s silence on the US-Israeli war on Iran as a moral failure, instead terming New Delhi’s approach as “responsible statecraft”.In an opinion piece published in The Indian Express, Tharoor argued that while the conflict may violate international law, India’s fore…
New Delhi, March 12 (IANS) Lok Sabha Leader of Opposition (LoP) Rahul Gandhi, on Thursday, flagged the issue of LPG shortages hitting the hotel industry, in the wake of West Asia crisis and claimed that this was the “beginning of pain” that will only aggravate in days to come. Speaking in Lok Sabha over ‘LPG crisis’, the Congress MP took potshots at the Union government over its alleged surrender to the US administration’s diktats and asked how could the US President Donald Trump decide “from wh…
Mumbai, March 11 (IANS) The Indian equity markets posted moderate losses in early trade on Wednesday over cautious sentiment amid the ongoing war between US-Israel and Iran, leading to the prolonged closure of the Strait of Hormuz.As of 9.25 am, Sensex lost 109 points, or 0.14 per cent, to reach 78,096 and Nifty eased 26 points, or 0.11 per cent to reach 24,234.Main broad-cap indices showed divergence with the benchmark indices, as the Nifty Midcap 100 gained 0.72 per cent, and the Nifty Smallca…