economic impact

Tehran, March 31 – Iran's parliament has initiated a process to approve a plan for effective management of the Strait of Hormuz.Abbas Goudarzi, spokesperson for the Iranian parliament's presiding board, said that the new plan has been added to the legislature's agenda after gathering over 250...

New Delhi, March 30 Dutch Prime Minister Rob Jetten held a phone conversation with his Indian counterpart, Narendra Modi, on Monday, focusing on strengthening the strategic partnership between India and the Netherlands, particularly in areas such as defense, innovation, and trade.Jetten was...

Jammu, March 30 Jammu and Kashmir Chief Minister Omar Abdullah said on Monday that his government cannot allow indiscriminate felling of walnut trees, as it could severely impact the region's economy and identity.He said that the Union Territory is contributing nearly 3.5 lakh tonnes – over 90...

March 30, New Delhi - On Monday, Australian Prime Minister Anthony Albanese announced that the country would halve the tax on fuel and diesel for three months in an effort to reduce costs that have surged due to the U.S.-Israeli war on Iran.Albanese made the announcement after meeting with the...

Dhaka, March 29 Bangladesh is set to introduce the Global Positioning System (GPS) to regulate bus movement in the capital, which is said to be a major cause of traffic congestion, the Minister of Road Transport and Bridges said on Sunday."Authorities will monitor vehicles centrally...

Bilaspur (HP), March 29 The Himachal Pradesh Petroleum Dealers Association has termed the state government's decision to impose a cess on petrol and diesel as "unjustified," warning that the move would further erode fuel sales in the hill state.In a meeting of the association held on Saturday...

New Delhi, March 28 – Chief Economic Advisor V. Anantha Nageswaran said on Saturday that, given the considerable impact of the West Asia conflict on India’s economy, the country should leverage the fallout to redouble its recent reform efforts to enhance India’s competitiveness and preparedness...

Hyderabad, March 27 Telangana Chief Minister A Revanth Reddy said on Friday that the state government is exploring policies to tax AI companies to compensate people who may lose jobs due to automation.In a virtual address to an Artificial Intelligence (AI) Symposium of Harvard Kennedy School...

New Delhi, March 27 The government has set up an "informal group of ministers" led by Defence Minister Rajnath Singh to address the issues arising due to the West Asia conflict, sources said on Friday.Union ministers Amit Shah, Nirmala Sitharaman, and Hardeep Singh Puri are among the members...

New Delhi, March 27 – AAP MP Raghav Chadha raised serious concerns on Friday about the growing impact of traffic congestion in India's major metropolitan cities, calling for the creation of a National Urban Decongestion Mission to address the crisis.Speaking in the upper house of Parliament on...

Tokyo, March 26 – Japan began releasing 30 days' worth of oil from state reserves on Thursday to mitigate the impact of the West Asia conflict on its economy, as concerns over supply and soaring oil prices mount, local media reported.The move followed the country's decision to draw down 15...

Seoul, March 26 – The ruling Democratic Party (DP) of South Korea and the government have agreed to submit an additional budget bill to the National Assembly next Tuesday, according to the budget minister, in an effort to mitigate the economic impact of a prolonged war in the Middle East on...

United Nations, March 25 – UN Secretary-General Antonio Guterres has stepped up his efforts to end the Iran war, appointing a personal envoy on Wednesday to support mediation efforts.Guterres stated that he was hopeful that, despite the differing positions of the parties in the conflict...

National Seminar on the Socio-Economic Impact of GST on the Middle Classes and the Emerging Middle ClassesBhubaneswar, March 25, 2026The Nabakrushna Choudhury Centre for Development Studies (NCDS), Bhubaneswar, successfully hosted a national seminar on March 25, 2026, titled "The...

March 25, Kohima: The Nagaland Contractors & Suppliers Union (NCSU) has opposed the proposed new rules for the registration of contractors under the State Government, describing them as "impossible" and potentially harmful to the local contracting community.In a memorandum submitted to the...

Madrid, March 25 – Spanish Prime Minister Pedro Sánchez reiterated his opposition to the war in Iran on Wednesday, which has spread across the Middle East, criticizing the military actions of the United States and Israel.The Spanish premier also defended his government's economic package aimed...

March 25, New Delhi – The unprecedented crisis affecting global energy markets has forced countries around the world to take drastic steps to conserve fuel and keep their economies running.In the Philippines, President Ferdinand Marcos Jr. declared a state of national energy emergency on...

Shimla, March 24 Himachal Pradesh BJP chief Rajeev Bindal said on Tuesday that the budget presented by the Sukhvinder Singh Sukhu-led government is "anti-people" as it imposes taxes on them.Addressing a press conference here, Bindal said this is the first time in Himachal Pradesh that a...

New Delhi, March 24 – The Centre has formed seven empowered groups of officials and experts to manage the impact of the Iran war on specific sectors of the Indian economy, including oil, gas, fertilizers, supply chains, and inflation.The empowered groups, comprising senior officials from the...

Seoul, March 24 – South Korean President Lee Jae Myung spoke by phone with New Zealand Prime Minister Christopher Luxon on Tuesday, and they discussed the current situation in the Middle East, Cheong Wa Dae said.The two leaders discussed the impact of the ongoing US-Israeli war against Iran on...