New Delhi, April 2 (IANS) The Centre has rolled out a series of relief measures aimed at shielding Indian industry and consumers from the adverse economic impact of the Iran war, which has disrupted supply chains and hit exports.The Finance Ministry has outlined steps spanning customs duty cuts for key raw materials, export incentives, fuel price controls, and financial support mechanisms, with a focus on ensuring stability across key sectors.The Government has allowed Special Economic Zone (SEZ…
Latest West Asia conflict News & Updates
United Nations, April 2 (IANS) The UN Security Council will focus on the West Asia conflict in April, taking up issues concerning Iran, Lebanon, Gaza and the West Bank, Jamal Fares Alrowaiei, Bahrain’s permanent representative to the United Nations and president of the council for the month, said.Speaking at a daily briefing on the Security Council’s program of work for April on Wednesday (Local time), Alrowaiei said four general priorities shape Bahrain’s membership in the council in general –…
New Delhi, April 1 (IANS) Prime Minister Narendra Modi on Wednesday chaired a special meeting of the Cabinet Committee on Security (CCS) to review measures taken by various Ministries/Departments and also discussed further initiatives to be taken in the context of the ongoing West Asia conflict.Prime Minister directed all concerned departments to take all possible measures to ameliorate the problems of citizens and sectors affected by the ongoing global situation.PM Modi assessed the availabilit…
Mumbai, April 1 (IANS) India’s equity markets are likely to offer strong alpha opportunities in FY27 despite the ongoing West Asia conflict, supported by sectoral divergence, resilient macro buffers and potential recovery in foreign flows, a new report said on Wednesday.According to Motilal Oswal AMC, the escalation in the West Asia conflict has introduced uncertainty around oil prices, inflation, currency movement and FY27 earnings estimates, and also created a fertile ground for stock-specif…
Mumbai, April 1 (IANS) Domestic policy measures and relatively stronger corporate balance sheets provide some cushion to the credit profile of India Inc but the critical question is whether these domestic levers will be sufficient to keep credit quality on course if the global environment deteriorates further, a report showed on Wednesday.Amid the emerging geo-political environment, the credit ratio for the manufacturing and services sector in India improved to 2.06 times in the second half of F…
New Delhi, April 1 (IANS) State-owned oil marketing companies (OMCs) on Wednesday made substantial revisions to prices of both aviation turbine fuel (ATF) and commercial LPG, with rates surging sharply — including a more-than-doubling in jet fuel prices — tracking a spike in global oil prices amid the escalating West Asia conflict.Jet fuel prices more than doubled to a record high, while commercial LPG rates also rose significantly, adding to cost pressures across sectors.The price of ATF in D…
New Delhi, March 31 (IANS) Gold and silver prices are likely to open higher in Tuesday’s evening session amid hopes of de-escalation in the West Asia conflict.Tracking global cues, spot gold jumped as much as 2.39 per cent to $4,619.14 per ounce as of 11 A.M., while US gold futures for June delivery gained 2 per cent to $4,649.26.Similarly, spot silver advanced 4.82 per cent to $73.48 per ounce, while COMEX silver traded at $73.705, up 4.44 per cent from the previous close.On Monday, MCX gold …
New Delhi, March 30 (IANS) India and Russia held Foreign Office Consultations here on Monday, reviewing their Special and Privileged Strategic Partnership and discussing bilateral, regional, and global issues of mutual interest. Foreign Secretary Vikram Misri and Russian Deputy Foreign Minister Andrey Rudenko co-chaired the Foreign Office Consultations.In a post on X, Ministry of External Affairs (MEA) spokesperson Randhir Jaiswal said: “India-Russia Foreign Office Consultations, co-chaired by F…
New Delhi, March 30 (IANS) India has enough aviation turbine fuel (ATF) for the next 60 days and there is no immediate risk of disruption, Civil Aviation Minister Kinjarapu Rammohan Naidu told the Rajya Sabha on Monday amid concerns over the ongoing West Asia conflict.Responding to questions in the Rajya Sabha, Naidu assured that the country’s aviation fuel supply remains stable despite the oil crisis triggered by the West Asia war.“India currently has adequate ATF reserves and does not fore…
New Delhi, March 30 (IANS) The Indian rupee on Monday crossed the 95 per dollar mark for the first time, hitting 95.2 against the US dollar, down 0.3 per cent.It ended at a record closing low of 94.83 per dollar, compared to Friday’s close of 94.81.The currency has depreciated by 4.4 per cent against the US dollar in the March quarter. The rupee, which had opened on a strong note after the Reserve Bank of India (RBI) reduced the net open position limit that banks can keep overnight to $100 milli…