Tag: West Asia conflict
Fertilizer subsidy may rise sharply in FY27 as government gets ready to spend ₹3.4 trillion on making fertilizers affordable for farmers
Fertilizers subsidy may nearly double in FY27 as global prices stay high and the government works to protect farmers from rising costs.
Strength of Indian Economy in the face of external headwinds
India’s economy shows resilient first quarter growth despite global energy concerns and geopolitical tensions. However, the impact of the West Asia crisis may unfold in the second quarter depending on how quickly supply chains stabilise.
West Asia conflict drives Indian power plants to spot gas market, it sees 336% surge in purchases
Conflict in West Asia has disrupted India’s long-term natural gas contracts from Iran, forcing power plants to buy over 336% more gas from the spot market this summer, despite prices rising nearly 80% in May.
Fuel panic driven by hoarding, not shortage: Centre alerts states, asks them to keep a close watch on hoarders
The Centre has already held discussions with all states and union territories, asking them to keep a close watch on the situation and ensure there is no hoarding or mismanagement of petrol and diesel stocks.
The government raises gold and silver import duty to 15%: Big move to protect rupee and control trade deficit Â
India hikes gold and silver import duty to 15% to reduce imports, control trade deficit, and support the rupee. Understand the reasons, impact, and future consequences.
India assures fuel security amid West Asia crisis, no rationing needed
India maintains 60-day fuel stocks and denies any plan for rationing despite West Asia tensions. Government clarifies foreign exchange concerns and boosts LPG supply efforts.