New Delhi, July 27 (IANS) The government has undertaken a range of measures to ensure availability of critical industrial inputs including energy, ease input cost pressures, facilitate trade, support industrial activity and safeguard macroeconomic stability in the wake of supply chain disruptions due to the West Asia crisis, the Parliament was informed on Monday.Temporary customs duty exemption was provided on selected petrochemical feedstock. Further, the Bharat Maritime Insurance Pool RELIEF (…
Latest West Asia crisis News & Updates
New Delhi, July 14 (IANS) Union Minister for Finance & Corporate Affairs Nirmala Sitharaman on Tuesday urged officer trainees of the Indian Corporate Law Service to “uphold the highest standards of integrity and professionalism, promote transparent, responsive governance, facilitate Ease of Doing Business and Ease of Living through simplified compliance.”FM Sitharaman interacted with Officer Trainees of the 2024 and 2025 batches of the Indian Corporate Law Service hereThe minister also “enco…
New Delhi, July 4 (IANS) India successfully managed the economic fallout of the West Asia crisis that began on February 28 and continued to remain the fastest-growing major economy in the world with registering strong growth, amid signing free trade agreements (FTAs) and robust domestic consumption, Finance Minister Nirmala Sitharaman said in an interview with leading French newspaper Le Figaro.She told Fabrice Node-Langlois, Editor-in-chief-Economics, that the free trade agreement signed last J…
New Delhi, June 29 (IANS) As the West Asia crisis rattled global economies with surging oil and gas prices since the US-Iran war began on February 28, the defining choice of the crisis for India was to absorb the cost at the level of the State and the public sector marketing companies rather than the household, according to the government, as no comparable economy chose to shoulder a burden of this scale on behalf of its consumers.The contrast with India is sharpest among the import-dependent ec…
New Delhi, June 21 (IANS) The Parliamentary Standing Committee on Finance will be meeting soon to discuss the evolving economic situation in the country amid the uncertainties due to the West Asia crisis.Committee Chairman Bhartruhari Mahtab said: “Despite the serious headwinds, India’s economy is emerging in a better way. There are certain very good indicators where household savings also increased in comparison to last year.” However, the challenge is that private investment is not picking up,…
New Delhi, June 19 (IANS) The minutes of the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) meeting released on Friday show that India has been able to withstand the disruptions of the West Asia crisis because of the strong fundamentals of the economy. MPC member Nagesh Kumar said, “The Indian economy entered the West Asia crisis with much stronger macroeconomic fundamentals than most previous economic crises (including the global financial crisis, the taper tantrum, or Covid-19)….
New Delhi, June 18 (IANS) Despite the West Asia crisis disrupting oil and gas flows, India is maintaining its energy security through diversified supply chains, strong domestic coal resources, and expanding digital infrastructure, according to S&P Global Energy’s latest report.S&P notes that Indian refiners are strategically mitigating shipping risks around the Strait of Hormuz.However, the report advises that India must shift from a standard procurement-based approach to a more aggressi…
New Delhi, June 11 (IANS) The Bristol County Ground and the Utilita Bowl in Southampton have undergone significant infrastructure refurbishments ahead of the 2026 ICC Women’s T20 World Cup, with tournament director Beth Barrett-Wild saying that they were done as part of a broader wave of facility investment triggered by the England and Wales Cricket Board (ECB) hosting the global event from June 12 to July 5. “When you host a World Cup, it gives you an opportunity to invest in sort of capital pr…
New Delhi, June 10 (IANS) The Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 has crossed a major milestone, with the total number of guarantees issued under the scheme surpassing the one lakh mark, according to official data released on Wednesday.As of June 9, 2026, a total of 1,06,549 guarantees have been issued under ECLGS 5.0, covering guarantees worth Rs 48,484.26 crore, the Ministry of Finance said.The achievement highlights the extensive scale of credit support being provided to lender…
New Delhi, June 8 (IANS) Congress President Mallikarjun Kharge on Monday hailed the “united fight” against the Narendra Modi government, leading to the failure of “malicious” bills on delimitation in the Lok Sabha and urged the members of the INDIA bloc to strengthen the spirit and resolve to corner and confront the ruling dispensation on multiple pressing issues before the nation.Kharge, making his opening remarks at the INDIA bloc meet, sought to share a strategic blueprint for rebuilding the …