Page 30 - West Asia

36 hours of chaos: The last-minute scramble for a ceasefire in Iran

After careening from one diplomatic extreme to another, President Trump finds himself with a fragile deal that is already showing signs of fraying

Ministerial group takes stock of India's readiness for West Asia situation

The Informal Group of Ministers (IGoM), headed by Defence Minister Rajnath Singh, took stock of India's readiness in view of the recent developments in West Asia during its third meeting at Kartavya Bhawan-2, New Delhi, on April 8, the government said in a release.Minister of Finance & Corporate Affairs Nirmala Sitharaman; Minister of External Affairs S Jaishankar; Minister for Agriculture & Farmers' Welfare and Rural Development Shivraj Singh Chouhan; Minister of Commerce and Industry Piyush Goyal; Minister of Chemicals & Fertilizers Jagat Prakash Nadda; Minister of Petroleum and Natural Gas Hardeep Singh Puri; Minister of Consumer Affairs, Food and Public Distribution Prahlad Joshi; Minister of Railways, Information and Broadcasting, Electronics & Information Technology Ashwini Vaishnaw; Minister of Parliamentary Affairs Kiren Rijiju; Minister of Civil Aviation Kinjarapu Rammohan Naidu, and Minister of State (Independent Charge) of the Ministry of Science ...

India's governance excels in emergencies, but falters in long term reforms

India must seize the current energy crisis to reorient policymaking for long-term benefits

Govt hikes LPG allocation to 70% for pharma, food and agri sectors

LPG allocation raised to 70 per cent for key industrial sectors, with cap of 0.2 thousand tonnes per day per sector and conditions for eligibility

India welcomes truce between US and Iran, calls for dialogue and diplomacy

India backs ceasefire and calls for de-escalation as Jaishankar plans UAE visit to discuss energy supplies, trade and regional developments

World Bank raises India FY27 growth forecast to 6.6% amid headwinds

World Bank upgrades India's FY27 growth outlook to 6.6% on strong domestic demand, but flags inflation risks and slowdown due to West Asia conflict

Indian refiners begin talks for cargo via Hormuz, await shipping cos' nod

Indian oil companies are expected to prioritise LPG supplies from the region as refiners await shipping firms' approval to resume cargo movement through the Strait of Hormuz

Markets soar on fragile Iran-US ceasefire, crude fall boosts sentiment

Sensex surged nearly 4 per cent in its biggest gain in five years as ceasefire eased oil prices, boosted sentiment and triggered broad-based buying across sectors

US, Iran agree to talk in Islamabad even as Hormuz stays blocked for now

Further adding to uncertainty, sporadic fighting continued throughout the region and the Strait of Hormuz remained largely blocked

Oil, gas flows through Strait of Hormuz may take months to recover

Even as the Strait of Hormuz reopens, damaged oil and gas infrastructure across the Gulf could delay supply recovery and keep global energy prices elevated

Centre hikes non-urea fertiliser subsidy 10-21% amid West Asia crisis

Government raises non-urea fertiliser subsidy by up to 21 per cent for kharif 2026 to shield farmers from rising global prices and supply disruptions linked to West Asia tensions

How West Asia conflict impacted Indian airlines' international business

West Asia conflict forces Indian airlines to cancel one in five international flights in March, sharply cutting capacity and disrupting operations across key routes

Beyond the optics of stability, India's economy faces rising external risks

Rising oil prices and limited fiscal space heighten risks of inflation, slower growth, and macroeconomic instability as the West Asia crisis unfolds

LPG imports in April, May a concern owing to shipping woes, availability

Shipping is the biggest obstacle for India in source fuels

Why gold, silver are falling despite West Asia war and which is the better bet now

Gold and silver are traditionally seen as safe havens during war. But the ongoing West Asia conflict is telling a different story. Prices are falling, not rising.

Remittance slowdown unlikely despite West Asia conflict: RBI DG Gupta

RBI Deputy Governor says remittances to India likely to remain stable as demand for migrant workers may rise despite ongoing conflict in West Asia

'Expeditiously exit': India issues fresh advisory for citizens in Iran

The fresh advisory comes as the US and Iran agreed to a two-week ceasefire, about an hour before Trump's deadline to 'obliterate' the rival country was set to expire

West Asia conflict may lead to demand shock: RBI Governor Sanjay Malhotra

Elevated crude oil prices could raise imported inflation and widen the current account deficit, he says

Asian shares jump after oil prices sink in response to Iran ceasefire

Asian shares surged in Wednesday morning trading, as oil prices plunged after the US and Iran agreed to a two-week ceasefire that includes the reopening of the Strait of Hormuz. Japan's benchmark Nikkei 225 gained 5.0% to 56,106.18 in early trading. Australia's S&P/ASX 200 jumped 2.6% to 8,952.30. South Korea's Kospi soared 5.9% to 5,819.97. Hong Kong's Hang Seng surged 2.6% to 25,767.42, while the Shanghai Composite added 1.7% to 3,957.55. Benchmark US crude sank USD16.84 to USD96.11 a barrel. Brent crude, the international standard dropped USD14.51 to USD94.76 a barrel. That came as a reaction to the ceasefire as the recent spike in their prices was directly in response to the war, which had effectively blocked passage through the Strait of Hormuz. Much of the world's oil supply is transported through the strait, including oil headed to resource-poor Japan. "Yet the mood remains one of cautious optimism rather than outright celebration. The ceasefire is only two weeks long, and .

RBI sees resilience despite West Asia crisis as it keeps repo rates steady

RBI Governor Sanjay Malhotra said the West Asia conflict has raised risks to growth and inflation via oil, trade, and supply chains, but government steps on supply chains and exports may limit the imp