supply chain disruptions

Bhavnagar, March 29 Civil Aviation Minister K Ram Mohan Naidu said on Sunday that India's aviation sector is facing a bottleneck in the procurement of new aircraft, citing that while 1,700 new planes have been ordered, supply chain disruptions mean deliveries may take up to 15 years.Naidu, who...

Seoul, March 29 – South Korean Prime Minister Kim Min-seok vowed on Sunday to take preemptive measures against potential shortages of essential goods, as the Middle East crisis has disrupted global energy markets and driven up energy prices."We are at a critical economic juncture," Kim said...

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...

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...

March 27, New Delhi: Continuing its efforts to keep the media informed about the evolving situation in West Asia, the Government of India held its regular interaction at the National Media Centre. Representatives from the Ministries of Petroleum and Natural Gas, Ports, Shipping and Waterways...

New Delhi, March 26 The Organisation for Economic Cooperation and Development (OECD) projected India's GDP to grow at 7.6 per cent in the current fiscal and 6.1 per cent in 2026-27.In its interim Economic Outlook report, the OECD said that the evolving conflict in the Middle East has "human...

New Delhi, March 26 – As the Gulf conflict continues, disruptions in global fertilizer markets have once again highlighted the weaknesses in Pakistan's agricultural input security, according to local media reports.While domestic production has shielded Pakistan from the worst effects of the...

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...

Moscow, March 25 Russia is set to redirect its hydrocarbon supplies to Asia amid growing demand, the Russian Energy Minister said on Wednesday, without naming any country, amid the ongoing West Asia crisis and the blockage of the Strait of Hormuz.India and China have been the main importers of...

New Delhi, March 23 The real estate associations, CREDAI and NAREDCO, said on Monday that developers are starting to feel the impact of the ongoing conflict in West Asia due to the short supply of some building materials, and that construction costs could rise if tensions continue for a longer...

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 22 The government will launch the seventh tranche of auctions for critical and strategic minerals on Monday, putting 19 blocks up for sale across several states.This development is significant as the government aims to strengthen India's self-reliance in clean energy, advanced...

New Delhi, March 22 – Prime Minister Narendra Modi will chair a high-level meeting on Sunday evening to review the situation in the petroleum products, crude oil, power, and fertilizer sectors, given the evolving situation in West Asia, according to reliable sources.The meeting, which will be...

New Delhi, March 22 India's urea plants are operating at half capacity after force majeure declarations disrupted LNG flows through the Strait of Hormuz amid escalating West Asia tensions, industry sources said on Sunday.Petronet LNG Ltd, which operates India's largest liquefied natural gas...

Washington, March 19 – The United States is considering a series of emergency energy measures, including releasing more crude oil from its strategic reserves and easing restrictions on Iranian oil, as the White House moves to contain rising prices following fresh disruptions in global supply...

New Delhi, March 15 Exporters and logistics providers are minimizing disruptions caused by the ongoing West Asia crisis by closely monitoring carriers, planning shipments in advance, and exploring alternative routes.The exporting community said that businesses are also adjusting inventory...

Shimla, March 13 Amid reports of the West Asia conflict disrupting the supply of commercial LPG in many parts of the country, the owners of small eateries in Shimla are feeling the pressure of "irregular" supply, forcing some dhaba owners in Lakkar Bazaar to close their shops due to the...

Union Finance Minister Nirmala Sitharaman stated that the government has strengthened the overall macroeconomic framework, which has enabled the nation to absorb economic shocks of various kinds without deviating from the fiscal consolidation roadmap. Responding to the Discussion on...

New Delhi, March 12 BJP MP Jagdambika Pal said on Thursday that the Modi government has shown foresight in proposing a Rs 1 lakh crore Economic Stabilisation Fund, which will act as a shield against future shocks.Participating in a discussion on the second batch of Supplementary Demands for...

New Delhi, March 11 India's purchase of Russian crude oil has surged by 50 per cent in March as New Delhi tapped alternative sources to compensate for the shortfall arising from disruptions in the Middle East amid an escalating military conflict.India bought about 1.5 million barrels of...