energy imports

New Delhi, March 29 The government may announce more relief packages for vulnerable segments of the economy, including the MSME sector, to help them sustain and keep inflation under control in the domestic market if the West Asia crisis continues, sources said.The government has announced a...

New Delhi, March 28 The near-term outlook remains uncertain, with external shocks, particularly the West Asia crisis, posing downside risks to growth through elevated input costs and potential supply disruptions, the Finance Ministry said in a report on Saturday.However, the report said...

Prime Minister Narendra Modi will interact with the Chief Ministers of all the states via video conferencing this evening to discuss the West Asia conflict, focusing on reviewing state preparedness and plans. The source said that the meeting will emphasize coordinated efforts in the spirit of...

Kuala Lumpur, March 24. Economists have revised their forecast for the ASEAN-6's gross domestic product (GDP) growth to 4.5 per cent in 2026, down from 4.8 per cent, and to 4.7 per cent in 2027, also down from 4.8 per cent, due to the impact of the conflict in West Asia.The ASEAN-6 countries...

New Delhi, March 23 India's strategic oil reserves, designed to provide cover for about 9.5 days of supplies during disruptions or price shocks, are currently at only two-thirds capacity, the Rajya Sabha was informed on Monday.India, the world's third-largest energy consumer and heavily...

New Delhi, March 23 – Prime Minister Narendra Modi stated on Monday that the government possesses a strategic petroleum reserve and is in the process of building more reserves. He also noted that over the past decade, the sources of energy imports have been hugely diversified."We have a...

Washington, March 22: India’s economic momentum is facing a fresh challenge as the ongoing US-Israeli conflict with Iran disrupts its deep-rooted ties with the Gulf, a key pillar of trade, energy supplies, and remittances, according to a report in The New York Times.Just weeks ago, India...

March 20, New Delhi — Governments around the world are implementing measures to protect consumers from the rising cost of energy, which has been driven by the ongoing conflict in the Middle East. These measures range from tax cuts and subsidies to adjustments in supply.Germany is exploring...

New Delhi, March 20 – The government said on Friday that there has been no price increase for regular petrol for consumers, and the increase is limited to the premium fuel category, which accounts for only 3-4 per cent of total petrol sales.Addressing the daily briefing, Joint Secretary...

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...

Bhuj, March 18 – The Indian-flagged crude oil tanker, 'Jag Laadki', has safely arrived at Adani Ports’ Mundra terminal in Gujarat, carrying approximately 80,886 metric tonnes of crude oil sourced from the United Arab Emirates.The vessel was loaded at Fujairah Port and berthed here on...

New Delhi, March 17 With the war in West Asia disrupting the supply of liquefied petroleum gas (LPG) to India, experts have suggested a gradual expansion of electric cooking, especially in urban areas, as a key way to limit the country's high reliance on imported cooking gas.An analysis by the...

Seoul, March 17 – South Korean President Lee Jae Myung said on Tuesday that the government should prepare measures to mitigate the potential economic fallout under the worst-case scenario where the Middle East crisis becomes prolonged.Lee made the call as the Strait of Hormuz, a critical...

Gandhinagar/Bhuj, March 16 – The LPG carrier, Shivalik, arrived safely at the Mundra port in Gujarat on Monday after navigating the strategically sensitive Strait of Hormuz amidst heightened tensions in West Asia, a development highlighted by government spokesperson and minister Jitu Vaghani in...

New Delhi, March 13 AAP convenor and former Delhi chief minister Arvind Kejriwal on Friday sought clarification from Prime Minister Narendra Modi on whether Iran has provided assurances that Indian ships would be allowed to transit through the Strait of Hormuz.His remarks came after Prime...

New Delhi, March 12 Prime Minister Narendra Modi spoke to Iranian President Masoud Pezeshkian over the phone on Thursday night and discussed the "serious situation" in West Asia.Modi expressed deep concern over the escalation of tensions in the region and the loss of civilian lives, as well as...

New Delhi, March 12 Prime Minister Narendra Modi spoke to Iranian President Masoud Pezeshkian on Thursday evening and discussed the "serious situation" in West Asia.Modi expressed deep concern over the escalation of tensions in the region and the loss of civilian lives as well as damage to...

Iran has allowed Indian-flagged tankers to pass through the Strait of Hormuz following talks between External Affairs Minister S. Jaishankar and his Iranian counterpart, Abbas Araghchi. The Indian tankers 'Pushpak' and 'Parimal' have been safely navigating the Strait of Hormuz, while ships from...

New Delhi/Tehran, March 12: Iran has allowed Indian-flagged tankers to pass through the Strait of Hormuz following talks between External Affairs Minister (EAM) S. Jaishankar and his Iranian counterpart, Abbas Araghchi, with the aim of keeping the critical sea route open for the transportation...

New Delhi, March 11 With the West Asia conflict disrupting energy supplies, External Affairs Minister S Jaishankar on Wednesday spoke with his Russian counterpart, Sergey Lavrov, and the European Union's Foreign Policy chief, Kaja Kallas, focusing on managing the fallout of the crisis.Global...