New Delhi, April 13 (IANS) Union Minister for Ports, Shipping and Waterways Sarbananda Sonowal on Monday asserted that India is prepared for all contingencies in the wake of disruptions in the Strait of Hormuz, with swift and coordinated measures helping stabilise maritime trade operations.In a conversation with Times Now, Sonowal said the government acted quickly to minimise the impact on India’s supply chains and global trade linkages.In his first remarks following the recent tensions involv…
Latest West Asia crisis News & Updates
New Delhi, April 9 (IANS) Domestic LPG cylinder deliveries remain normal, with more than 51.5 lakh cylinders delivered on April 8 despite disruptions in supply due to the West Asia crisis, according to an official statement issued on Thursday.Online LPG bookings have increased to about 98 per cent, and no dry-outs have been reported at distributorships. The Delivery Authentication Code-based deliveries have risen to around 92 per cent to prevent diversion at the distributor level.More than…
New Delhi, April 9 (IANS) Pakistan’s economy has come under further stress due to external shocks triggered by the West Asia crisis, as the country struggles under a mountain of foreign debt with weak GDP growth, declining investment and rising inflation, according to an article in Lisbon Post.Public debt has surged dramatically over the past several years, rising from approximately Rs 43 trillion (Pakistani rupee) in 2018 to Rs 80.52 trillion by the end of fiscal year 2025. At the same time, …
New Delhi, April 8 (IANS) Civil Aviation Minister Ram Mohan Naidu on Wednesday announced a 25 per cent cut in landing and parking charges for domestic airlines at the country’s airports so that airfares for passengers remain at affordable levels amid the rise in jet fuel prices in the wake of the Middle East conflict. The minister said that the measure is expected to reduce landing and parking charges payable by airlines at major airports during the three-month period by approximately Rs 400 c…
New Delhi, April 8 (IANS) Reserve Bank of India’s decision to keep the repo rate unchanged at 5.25 per cent is likely to provide stability for mortgage rates, real estate industry leaders said on Wednesday.Shrinivas Rao, FRICS, CEO, Vestian welcomed the pause as a relief for developers and homebuyers as it will keep mortgage rates competitive when construction costs remain elevated over the ongoing West Asia crisis.Rao said the move could help cushion the impact of rising input costs on demand…
Washington, April 8 (IANS) Pakistan Prime Minister Shehbaz Sharif has publicly appealed to US President Donald Trump to extend a key deadline by two weeks to allow diplomacy to proceed in the escalating West Asia crisis, as the White House signalled it is reviewing the proposal. “The President has been made aware of the proposal, and a response will come,” White House Press Secretary Karoline Leavitt told IANS, offering the first official reaction to Islamabad’s outreach.Sharif, in a state…
Ahmedabad, April 7 (IANS) No industrial units in Gujarat have shut down due to gas shortages despite the ongoing West Asia crisis, officials claimed on Tuesday, underlining that disruptions in the sector are linked to supply chain and viability issues. Speaking at a state-level press briefing in Ahmedabad, K.C. Sampat, Additional Commissioner of the Industries and Mines Department of Gujarat, said a comprehensive review across districts showed that out of the state’s 4,11,733 registered indust…
New Delhi, April 2 (IANS) Round-the-clock monitoring and calibrated response must for India to stay prepared and deal with any eventuality amid the evolving West Asia crisis, Defence Minister Rajnath Singh said on Thursday.The second meeting of the Informal Group of Ministers (IGoM), set-up to monitor the evolving situation in West Asia and suggest proactive measures for its minimum impact on India, was held under the chairmanship of Rajnath Singh here.The meeting deliberated upon the recent dev…
Kathmandu, April 1 (IANS) Nepal has witnessed the impact of the ongoing West Asia crisis as the number of foreign tourist arrivals from Europe, the Americas, West Asia, and Africa has dropped sharply in March, the Nepal Tourism Board (NTB) said on Wednesday. The conflict has been ongoing since February 28, when the US and Israel launched a military attack on Iran. Its fallout is being felt across the world, with travel restrictions and rising prices affecting the entire global economy.Usually, N…
New Delhi, March 31 (IANS) The Reserve Bank of India on Tuesday extended the enhanced export credit period of up to 450 days till June 30, 2026, to support exporters facing disruptions due to the ongoing West Asia crisis.The central bank said the decision was taken in view of continuing logistical challenges arising from geopolitical tensions in West Asia.Exporters have been facing delays in shipments and payments due to disruptions in global supply chains and uncertain market conditions.“Due …