New Delhi, April 29 (IANS) If the US-Iran conflict remains unresolved for a long duration, it can make the task of central banks arduous in their endeavour to rein in inflation expectations while minimising growth sacrifice, a new SBI Research report said on Wednesday.In uncertain times, a good central bank should be cautious about false precision, forceful against high-cost tail risks, systematic enough to preserve credibility, flexible enough to adapt, and transparent enough that uncertainty a…
Latest West Asia News & Updates
New Delhi, April 28 (IANS) The Centre on Tuesday said there is no proposal at present to increase retail fuel prices, seeking to calm concerns amid rising geopolitical tensions in West Asia that have impacted global energy markets.Speaking at an inter-ministerial briefing, Sujata Sharma, Joint Secretary in the Ministry of Petroleum and Natural Gas, said petrol and diesel prices will remain unchanged for now, even as the government continues to monitor the evolving situation.“LPG, petroleum and…
Mumbai, April 28 (IANS) Indian benchmark indices closed lower on Tuesday, tracking a sharp rise in global oil prices amid fresh geopolitical uncertainty in West Asia.The Nifty and the Sensex both ended lower as investors turned cautious over escalating tensions involving the United States and Iran.At the closing bell, Sensex was at 76,886.91, down by 416.72 points or 0.54 per cent. The Nifty was at 23,995.70, down by 97 points or 0.40 per cent.Adani Ports, ITC, Bharti Airtel and Tech Mahindra am…
Saint Petersburg, April 28 (IANS) Iranian Foreign Minister Abbas Araghchi on Tuesday said that Tehran is grateful for Russia’s solidarity and support for diplomacy as the war with the United States continues to escalate. Araghchi on Monday called on Russian President Vladimir Putin in Saint Petersburg as the Kremlin reiterated its support for bringing peace to West Asia. He also held talks with his Russian counterpart, Sergey Lavrov.Taking to X, Araghchi said, “Pleased to engage with Russia at t…
Saint Petersburg, April 27 (IANS) Iranian Foreign Minister Seyed Abbas Araghchi on Monday called on Russian President Vladimir Putin in Saint Petersburg as the Kremlin reiterated its support for bringing peace in the Middle East, local media reported. “For our part, we will do everything that serves your interests, the interests of all the peoples of the region, to ensure that this peace is achieved as quickly as possible. You know our position well,” Russia’s Tass news agency quoted Putin as sa…
New Delhi, April 27 (IANS) India continues to closely monitor the developments in the West Asia region and expand its outreach to Gulf nations, the Ministry of External Affairs (MEA) said on Monday. Addressing an inter-ministerial briefing on recent developments in West Asia on Monday, MEA spokesperson Randhir Jaiswal highlighted that National Security Advisor (NSA) Ajit Doval was on an official visit to UAE recently, where he held talks with President Sheikh Mohamed bin Zayed Al Nahyan.”On the …
New Delhi, April 227 (IANS) The Iranian coast guard fired shots towards a Togo-flagged chemical tanker, MT Siron, which was boarded by individuals, including Indian sailors, at the Shinas Outer Port limits in Oman on April 25, the Ministry of Ports, Shipping and Waterways revealed on Monday. The vessel was near other ships when the Iranian Coast Guard intervened and fired warning shots, Mandeep Singh Randhawa, Director at the Ministry of Ports, Shipping and Waterways, stated during an inter-mini…
Thiruvananthapuram April 27 (IANS) Kerala has moved to formalise power restrictions amid an unprecedented surge in electricity demand, with peak load management now effectively translating into scheduled, short-duration outages across parts of the state.The Kerala State Electricity Board (KSEB) is all set to regulate power supply for 15 to 30 minutes in select areas, particularly during peak evening hours between 6 p.m. and 11 p.m., with advance intimation via SMS wherever feasible.The decision …
Muscat, April 26 (IANS) Iranian Foreign Minister Seyed Abbas Araghchi met Oman’s Sultan Haitham bin Tariq on Sunday to discuss bilateral ties, regional developments, and ongoing diplomatic efforts to resolve the regional crisis. During the meeting, Araghchi briefed the Sultan about Iran’s stance on the latest developments in West Asia after the joint Israel-US strikes against Iran. He expressed appreciation for Oman’s support for dialogue and promoting efforts aimed at enhancing security and sta…
Beijing, April 26 (IANS) China has not openly backed its comprehensive strategic partner Iran as the West Asia conflict continues to intensify, and discussions within Beijing suggest that it never committed to “take the bullet” for Tehran, according to a recent report. In the early phase of the US-Iran conflict, Beijing signalled both to Iran and to observers questioning its relatively “muted response” that its partnership with Tehran does not extend to military intervention, according to a repo…