New Delhi, April 30 (IANS) AIMIM chief Asaduddin Owaisi on Thursday criticised a fresh circular issued by the Haj Committee of India that asks pilgrims to pay an additional Rs 10,000 as differential airfare, citing the ongoing crisis in West Asia, and demanded that the directive be withdrawn with refunds issued to those affected.He pointed out that the extra charge is being imposed after an amount of Rs 90,844 per pilgrim has already been collected from those departing from Mumbai, raising conce…
Latest West Asia crisis News & Updates
Abu Dhabi/New Delhi, April 29 (IANS) The bilateral partnership between India and the United Arab Emirates (UAE) is likely to deepen, reflecting strong alignment and shared understanding amid the West Asia crisis. This growing trust is also evident in the recent official remarks of Emirati leadership, a report said on Wednesday.The UAE Ambassador to India, Abdulnasser Alshaali, during the tensions in West Asia noted that Indians in the UAE are “considered family by the leadership of this countr…
New Delhi, April 28 (IANS) Indian airlines are likely to take a call on capacity cuts after the next ATF revision, as a sharp increase in jet fuel prices could force them to rationalise operations, particularly on less profitable routes, according to a report on Tuesday.Domestic carriers are in a wait-and-watch mode as they assess the impact of rising Aviation Turbine Fuel (ATF) prices and prepare for possible changes following the next price revision due in May, NDTV Profit reported.The report …
Mumbai, April 26 (IANS) The combined market valuation of seven of India’s top-10 most valued companies eroded by over Rs 2 lakh crore last week, with Reliance Industries and Tata Consultancy Services (TCS) emerging as the biggest laggards.The downturn came in line with a bearish trend on Dalal Street, where the Sensex plunged 1,829.33 points, or 2.33 per cent, while the Nifty declined 455.6 points, or 1.87 per cent during the week.Market sentiment remained under pressure after two consecutive …
Mumbai, April 16 (IANS) The Reserve Bank of India (RBI) on Thursday announced it will conduct a Rs 2 lakh crore seven-day variable rate reverse repo (VRRR) auction on April 17 to manage surplus liquidity in the banking system.In a notification, the central bank said the decision comes in view of the prevailing transient surplus liquidity conditions.The auction will be held between 9:30 am and 10:00 am on Friday, with funds scheduled to be reversed on April 24.The move is aimed at absorbing exces…
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…
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…