New Delhi, May 19 (IANS) The Supreme Court on Tuesday allowed beleaguered low-cost airline SpiceJet and its Chairman Ajay Singh to approach the Delhi High Court for modification of a direction requiring a cash deposit of Rs. 144.51 crore in its long-running arbitration dispute with Kalanithi Maran and Kal Airways Private Limited. A bench of Justices P.S. Narasimha and Alok Aradhe disposed of the special leave petition (SLP) filed by SpiceJet and Ajay Singh, permitting them to approach the Delhi …
Latest West Asia crisis News & Updates
New Delhi, May 18 (IANS) The government’s subsidy payment for fertilisers is likely to go up by around Rs 15,000 crore during the April-June quarter of the current financial year due to the rising costs of imports triggered by the West Asia crisis, source said.Additional Secretary, Department of Fertilisers, Aparna S. Sharma, on Monday, confirmed the rise but did not specify by how much.”The subsidy bill will go up, but by what percentage is something I cannot say.”Despite the cost pressures, …
Chennai, May 16 (IANS) Tamil Nadu Governor Rajendra Vishwanath Arlekar has reduced the number of vehicles in his security convoy following Prime Minister Narendra Modi’s call for fuel conservation amid concerns over the ongoing crisis in West Asia and its possible impact on global energy markets. The move is among a series of steps being taken by governments and officials across the country to reduce fuel consumption and improve economic efficiency.According to reports, the Governor has reduce…
New Delhi, May 15 (IANS) As oil marketing companies (OMCs) face mounting losses amid the ongoing West Asia crisis, they raised petrol and diesel prices by Rs 3 per litre each on Friday.The revised rates came into effect immediately across the country. In Delhi, petrol prices rose by Rs 3.14 per litre to Rs 97.77, while diesel became costlier by Rs 3.11 per litre.Meanwhile, amid the Middle East crisis, oil companies have also raised CNG prices. Effective Friday, the price of CNG has increased by …
New Delhi, May 13 (IANS) Days after making a fervent appeal to the people to prepare for the ‘challenging period’ resulting from the West Asia conflict, Prime Minister Narendra Modi is walking the talk in setting new benchmarks — a move that is likely to resonate positively with the public in advancing the message of austerity.The Prime Minister has significantly reduced his convoy size and also directed the Special Protection Group (SPG), the elite force entrusted with his security, to curtail…
New Delhi, May 13 (IANS) The increase in import duty on precious metals is a part of a broader strategy aimed at conserving foreign exchange, protecting the current account, prioritising essential imports, and strengthening India’s economic resilience in the face of evolving global uncertainties, government sources said on Wednesday.The measure represents a balanced, proportionate, and nationally responsible response to extraordinary external conditions while maintaining due regard for macroec…
Bengaluru, May 12 (IANS) Padma Shri awardee and entrepreneur Shashi Soni on Tuesday backed Prime Minister Narendra Modi’s appeal to the country to not buy gold for one year and save fuel as much as possible, asserting the advice is not to frighten the country but instead prepare for any possible setback resulting from the West Asia crisis.During an interaction with IANS, Soni said: “The appeal made by the Prime Minister is not meant to frighten the country. It is a warning before a storm arrives…
New Delhi, May 12 (IANS) NITI Aayog on Tuesday dismissed reports claiming that it had recommended a two-year halt on major construction and demolition activities across the country due to the ongoing West Asia crisis and rising economic pressures.In a statement posted on social media platform X, the government think tank clarified that it had made no such recommendation regarding a construction ban.“This is to clarify that no such recommendation in any form has been made by NITI Aayog calling …
New Delhi/Oslo, May 12 (IANS) Norway’s Ambassador to India, May-Elin Stener, has described Prime Minister Narendra Modi’s upcoming visit to Oslo for the 3rd India-Nordic Summit as “historic”, underlining its importance for strengthening India–Norway relations and expanding cooperation across various sectors. Speaking to IANS ahead of the summit, Stener said the visit carries special significance as it marks the first trip by an Indian Prime Minister to Norway in 43 years.”This is a very import…
New Delhi, May 11 (IANS) There is no shortage of petrol, diesel or LPG in the country as the oil refineries have sufficient crude stocks for optimum production of these fuels, despite the disruption in shipping due to the closure of the Strait of Hormuz, a senior Petroleum Ministry official said on Monday.”In the past three days, against 1.14 crore LPG bookings, cylinders have been delivered to 1.26 crore households. Similarly, more than 17,000 tonnes of commercial LPG have been sold in the past…