economic impact

New Delhi, March 24 – The BJP on Tuesday criticized the Congress government in Himachal Pradesh for imposing a ₹5 cess on fuel, calling it "anti-common man." The party also alleged that this measure, along with increased VAT and the additional cess, will extract over ₹1,000 crore annually from...

Washington, March 24 Top US Democrats intensified pressure on President Donald Trump over the ongoing conflict with Iran, warning of rising costs, a lack of clarity, and the risk of a prolonged war with no clear end.In fact, the political divide over the Iran conflict deepened as Democratic...

New Delhi, March 24 – Prime Minister Narendra Modi will address the Rajya Sabha on Tuesday, discussing the various aspects of the ongoing West Asia conflict and India's strategy.His address in the Rajya Sabha will echo US President Donald Trump's decision to backtrack on his threat to bomb...

Washington, March 24 – India's External Affairs Minister S. Jaishankar and U.S. Secretary of State Marco Rubio spoke by phone on Monday about the West Asia crisis. They discussed its impact on the global economy and energy supplies. Both agreed to continue working together."Had a detailed...

New Delhi, March 23 External Affairs Minister S Jaishankar spoke with US Secretary of State Marco Rubio on Monday, focusing on the consequences of the Middle East conflict on the global economy.The Jaishankar-Rubio phone conversation came hours after US President Donald Trump extended...

New Delhi, March 23 – Prime Minister Narendra Modi will address the Rajya Sabha on Tuesday, discussing various aspects of the ongoing West Asia conflict and India's strategy.His address in the Rajya Sabha will be similar to US President Donald Trump backing down from his threat to bomb Iran's...

New Delhi, March 23 While the BJP government talks about economic self-sufficiency, the country's dependence on importing oil and gas has risen to 90 per cent today from 70 per cent twenty years ago, John Brittas, MP from Kerala, said in the Rajya Sabha on Monday.During a discussion on the...

New Delhi, March 23 The government on Monday restored full benefits under the RoDTEP scheme to exporters amid the ongoing West Asia crisis disrupting global trade.Last month, the government halved the rate of duty benefits under the Remission of Duties and Taxes on Exported Products (RoDTEP)...

Washington, March 23 – Oil prices fell, and markets rallied after President Donald Trump postponed strikes on Iran, a development closely watched in India for its economic impact.Trump, in a Truth Social post, said that the United States would hold off on attacks on Iranian energy...

March 23, New Delhi: UK Prime Minister Keir Starmer is scheduled to chair an emergency meeting on Monday to review the economic consequences of the ongoing war in Iran.The meeting will be attended by Finance Minister Rachel Reeves, Governor of the Bank of England Andrew Bailey, Foreign...

March 23, New Delhi: Countries across the region are struggling with severe shortages of oil and gas, and are taking urgent measures to address the crisis.In Bangladesh, petrol pump owners have warned that filling stations across the country could shut down at any moment due to a severe fuel...

New Delhi, March 23 – Prime Minister Narendra Modi on Monday stated that the difficult global conditions caused by the West Asia conflict are likely to persist for a long time and called upon the nation to remain prepared and united, just as it had stood together during the COVID-19 pandemic...

March 23, New Delhi: Taxi drivers in Taiwan say that rising petrol prices are significantly impacting their livelihoods. Fuel prices in Taiwan increased by $0.05 per liter after the latest revision took effect on Monday.Commuters are also feeling the impact, with the recent increase adding at...

New Delhi, March 23 – Prime Minister Narendra Modi on Monday urged the nation to be prepared, united, and vigilant, as the difficult circumstances created around the world due to the ongoing conflict in West Asia are expected to last for a long time."The effects of these difficult...

Washington, March 21 – President Donald Trump urged US allies and major global economies to take responsibility for securing the Strait of Hormuz, while firmly rejecting calls for a ceasefire in the ongoing Iran conflict.“The United States doesn’t use the Strait; we don’t need it…Europe needs...

Washington, March 20 – US lawmakers introduced a bipartisan bill to protect a key work program for international students, aiming to retain foreign graduates, including thousands from India, amid rising global competition for skilled talent.Representatives Sam Liccardo, Jay Obernolte, and...

March 18, New Delhi — South Korea has secured a commitment from the United Arab Emirates to supply 24 million barrels of crude oil, as authorities implement measures to mitigate the economic impact of the Middle East conflict.Iran's effective closure of the Strait of Hormuz has forced the UAE...

Mumbai, March 17 Amid the escalating conflict between the US-Israel alliance and Iran, Maharashtra Minister for Food and Civil Supplies, Chhagan Bhujbal, told the state Assembly on Tuesday that the government has taken a series of measures to ensure a smooth supply of LPG, adding that if the...

New Delhi, March 16 For over a century, the sound of horse hooves has echoed at the Delhi Race Club, a landmark in the capital. However, the future of over 250 elite thoroughbred race horses, who continue to train on the horseshoe-shaped track, is now uncertain after the Centre asked the club to...

Moscow, March 16 Russia on Monday reiterated its call on all parties involved in the West Asia conflict to immediately cease hostilities and refrain from attacks on civilian infrastructure.In a statement posted on its website, the Russian Foreign Ministry said that the loss of civilian lives...