New Delhi, March 28 (IANS) BJD MP Sasmit Patra on Saturday said that the recent reduction in excise duty on petrol and diesel could result in a revenue loss of Rs 3-4 lakh crore for the Government of India, while also warning of broader economic challenges stemming from the ongoing West Asia conflict. Speaking to IANS, Patra said, “The conflict in West Asia naturally has a global impact, including on India. The excise duty cut will cost the Government of India a loss of around Rs 3–4 lakh cr…
Latest West Asia conflict News & Updates
New Delhi, March 28 (IANS) Pakistan has indicated that it is willing to mediate between the United States and Iran to ease the ongoing West Asia conflict, with Islamabad proposing a back-channel approach to convey messages between the two sides.However, officials in India say that the effort may face serious challenges. They note that Pakistan is attempting to project itself as a peacemaker even as it remains engaged in tensions along its western front.A key difficulty lies in balancing its ties…
Mumbai, March 27 (IANS) Gold and silver prices surged on Friday, driven by safe-haven demand amid persistent uncertainty and fading hopes of de-escalation in the West Asia conflict.Gold futures for April 2 delivery jumped as much as 2.27 per cent, or Rs 3,167, to hit an intraday high of Rs 1,42,660 per 10 grams on the Multi Commodity Exchange (MCX) around 11:20 AM. The yellow metal was later trading at Rs 1,42,500, up Rs 3,007 or 2 per cent.During the session, gold touched an intraday low of Rs …
New Delhi, March 27 (IANS) Prime Minister Narendra Modi will interact with Chief Ministers on Friday through video conferencing on the West Asia conflict to review preparedness and plans of states.The meeting will focus on ensuring synergy of efforts in the spirit of ‘Team India’, said the official.With geopolitical tensions escalating and their global fallout becoming more pronounced, the meeting is likely to serve as a platform for PM Modi to brief Chief Ministers and seek broader consensus on…
Jaipur, March 26 (IANS) Rajasthan Leader of the Opposition Tikaram Jully on Thursday said the opposition stands firmly with the government during crises but stressed that transparency and public relief must remain top priorities.He was speaking after attending an all-party meeting convened by Chief Minister Bhajan Lal Sharma to review the situation arising from concerns over LPG and petrol supply amid the ongoing West Asia conflict.In a key statement, Jully s aid that during disasters or emergen…
New Delhi, March 26 (IANS) Prime Minister Narendra Modi will on Friday interact with Chief Ministers through video conferencing on the West Asia conflict to review preparedness and plans of states, said an official.The meeting will focus on ensuring synergy of efforts in the spirit of ‘Team India’, said the official.With geopolitical tensions escalating and their global fallout becoming more pronounced, the meeting is likely to serve as a platform for PM Modi to brief Chief Ministers and seek br…
Tokyo, March 26 (IANS) Japan began releasing 30 days’ worth of oil from state reserves on Thursday to cushion the impact of the West Asia conflict on its economy, as concerns over supply mount and oil prices soar, local media reported.The move came after the country started drawing down 15 days’ worth of oil from private-sector stockpiles last Monday, reports Xinhua news agencyThe government plans to sell a total of about 8.5 million kiloliters of oil from 11 storage bases across the country, ac…
Mumbai, March 25 (IANS) Dalal Street opened on a bullish note for the second consecutive session on Wednesday, supported by easing geopolitical concerns amid hopes of de-escalation in the West Asia conflict. Additionally, reports suggesting that Donald Trump had proposed a 15-point plan to Iran via Pakistan further enhanced investor confidence.Sensex opened around 600 points or 0.80 per cent higher at 74,652, while Nifty began trading at 23,064, up 150 points or 0.66 per cent.In early trade, the…
New Delhi, March 24 (IANS) External Affairs Minister (EAM) S Jaishankar met the Iranian Ambassador in New Delhi on Tuesday with discussions focused on the ongoing conflict in West Asia. “Met with Iran’s Ambassador in India, Dr. Mohammad Fathali this afternoon. Discussed the conflict in West Asia. Appreciate the support provided to Indians in Iran in these challenging times,” EAM Jaishankar wrote on X after the meeting.Last week, Prime Minister Narendra Modi spoke with Iranian President Masoud Pe…
New Delhi, March 24 (IANS) The Centre has constituted seven empowered groups of officials and experts to handle the fallout of the Iran war on specific sectors of the Indian economy, including oil, gas, fertilisers, supply chains, and inflation. The empowered groups, comprising senior officials from the Prime Minister’s Office and the Cabinet Secretariat, were based on directions from Prime Minister Narendra Modi after the meeting of the Cabinet Committee on Security (CCS) to review the evolvi…