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Mumbai: The Reserve Bank of India is expected to keep interest rates unchanged in its upcoming Monetary Policy Committee (MPC) meeting from April 6 to 8, according to a report by SBI Research. This will be the first policy review after the ongoing conflict involving the US, Israel, and Iran. Due to global uncertainty, the central bank is likely to act carefully and avoid major changes for now. Focus on Stability Measures The report suggests that RBI may explore "Operation Twist." This is a to ...Read More >
New Delhi: US forces have recovered the second missing crew member from an F-15E Strike Eagle shot down over southwestern Iran, officials confirmed early Sunday, capping a high-stakes search-and-rescue operation carried out under heavy fire. The dramatic recovery, seen in shaky nighttime footage aired by Al Jazeera and widely shared on social media, came hours after the Pentagon said one crew member had already been pulled to safety. The second airman was located and extracted after intense co ...Read More >
Shimla (Himachal Pradesh) [India], April 5 (ANI): The rising prices of bitumen and shortages of key fuel inputs are set to significantly increase the cost of road construction and maintenance in Himachal Pradesh, Public Works Department Minister Vikramaditya Singh said on Saturday. "Light diesel oil and bitumen shortage will hit road tarring and construction costs," Singh said, attributing the surge to global inflationary trends impacting petrochemical by-products such as LPG, petrol, diesel an ...Read More >
New Delhi [India], April 4 (ANI): The Centre continues to take necessary steps to ensure preparedness and smooth functioning across key sectors in view of the West Asia crisis, with 3700 raids conducted across the country to wipe out LPG black marketing, the Ministry of Petroleum and Natural Gas said in a release on Saturday. It said the government is taking proactive steps to ensure the uninterrupted availability of petroleum products and LPG across the country, in the context of the ongoing c ...Read More >
New Delhi [India], April 4 (ANI): The Centre continues to take necessary steps to ensure preparedness and smooth functioning across key sectors in view of the West Asia crisis, with 3700 raids conducted across the country to wipe out LPG black marketing, the Ministry of Petroleum and Natural Gas said in a release on Saturday. It said the government is taking proactive steps to ensure the uninterrupted availability of petroleum products and LPG across the country, in the context of the ongoing c ...Read More >
Korba (Chattisgarh) [India], April 4 (ANI): Coal India Limited (CIL) Chairman and MD B Sairam on Saturday assured that the company is fully prepared to meet energy demands and bridge supply gaps for power plants amidst the ongoing West Asia crisis. Speaking to ANI, Sairam said that while gas-based power generation is impacted, CIL holds sufficient coal stocks to support the power sector and industries like steel, confirming no disruptions in production. "The recent crisis has mainly affected g ...Read More >
Bengaluru (Karnataka) [India], April 4 (ANI): The ongoing conflict in West Asia is sending ripples through the pharmaceutical industry, with raw material costs on the rise, says Jatish Sheth, Director of Srushti Pharmaceuticals. While speaking to ANI, Sheth highlighted that pharmaceuticals are vulnerable to disruptions in petrochemical supply chains, as many raw materials used in formulation are petrol-based. Also Read | WWE SmackDown Free Live Streaming Online, April 3: Get Wrestling Weekly E ...Read More >
Bengaluru: With a fresh round of price revisions set to take effect, deputy chief minister DK Shivakumar and AICC general secretary Randeep Singh Surjewala Tuesday stepped up criticism of the Centre, alleging inflation was placing an increasing burden on households. The duo said prices of some 900 essential medicines, including those used for diabetes, hypertension and infections, would rise from Wednesday, the start of a new financial year. Questioning annual revisions and tax policies, they al ...Read More >
Bengaluru (Karnataka) [India], April 4 (ANI): The ongoing conflict in West Asia is sending ripples through the pharmaceutical industry, with raw material costs on the rise, says Jatish Sheth, Director of Srushti Pharmaceuticals. While speaking to ANI, Sheth highlighted that pharmaceuticals are vulnerable to disruptions in petrochemical supply chains, as many raw materials used in formulation are petrol-based. "Pharmaceuticals are affected. Raw materials which are used for manufacturing formula ...Read More >
New Delhi: India is considering measures to encourage companies to ramp up production of induction cooktops and utensils such as electric cookers amid surging demand, with the Iran war disrupting cooking gas imports, said an official. Towards this, a meeting was held on Friday chaired by commerce and industry minister Piyush Goyal and attended by senior officials including secretaries of the Department for Promotion of Industry and Internal Trade (DPIIT) and power ministry, as well as the Direc ...Read More >
The government is taking several measures to reduce India's dependence on imported Liquefied Petroleum Gas (LPG) and enhance energy security in the medium to long term, including prioritising piped natural gas (PNG) and renewable energy development such as solar, wind, bioenergy and green hydrogen, minister of state for environment Suresh Gopi informed the Lok Sabha on Thursday. He said that India imports about 60% of its LPG needs, with nearly 90% of supplies transiting through the Strait of H ...Read More >
New Delhi [India], April 3 (ANI): India's condom market, valued at USD 861 million (approximately Rs 7,100 crore), is facing rising production costs and supply chain uncertainties amid the global war crisis, with industry stakeholders warning of potential shortages and price hikes in key raw materials. Also Read | Delhi Shocker: 18-Year-Old Arrested for Stabbing Man to Death in Shalimar Bagh and Posting Confession on Instagram. According to the sources, "The ongoing global shipping container s ...Read More >
New Delhi [India], April 3 (ANI): Amid the ongoing conflicts in West Asia, the continuation of schemes like RoSCTL (Rebate of State and Central Taxes and Levies) and RoDTEP (Remission of Duties and Taxes on Exported Products) helps reduce hidden taxes on exports, allowing Indian exporters to price their goods more competitively in global markets, said Ranjeet Mehta, CEO and Secretary General of PHDCCI. Speaking with ANI, Mehta said, "RoSCTL and RoDTEP reduce embedded taxes, enabling exporters t ...Read More >
New Delhi, Apr 3 (PTI) Industries spanning consumer goods to cement, which are facing challenges from rising production and packaging costs amid geopolitical tensions in West Asia, expect the government's move to reduce customs duty on a range of petrochemical products to provide much-needed relief to manufacturers and downstream sectors. Petrochemicals are critical raw materials for plastics, and a lower cost could translate into cheaper packaging materials for sectors such as FMCG, retail, an ...Read More >
New Delhi [India], April 3 (ANI): Amid the ongoing conflicts in West Asia, the continuation of schemes like RoSCTL (Rebate of State and Central Taxes and Levies) and RoDTEP (Remission of Duties and Taxes on Exported Products) helps reduce hidden taxes on exports, allowing Indian exporters to price their goods more competitively in global markets, said Ranjeet Mehta, CEO and Secretary General of PHDCCI. Speaking with ANI, Mehta said, "RoSCTL and RoDTEP reduce embedded taxes, enabling exporters t ...Read More >
New Delhi [India], April 3 (ANI): Industry leaders and experts have welcomed the Centre's decision to grant a full customs duty exemption on critical petrochemical products in response to the ongoing conflict in West Asia. The move, aimed at stabilising supply chains and reducing cost pressures on downstream sectors, is seen as a strategic intervention to protect domestic manufacturing. Also Read | Will Cristiano Ronaldo Play Al-Nassr vs Al-Najma Saudi Pro League 2025-26 Match?. According to ...Read More >
Sales of induction cooktops and electric kettles have surged in the wake of cooking gas supply concerns due to the war in West Asia, according to industry players. The government on Friday held discussions on measures to encourage companies to ramp up production of induction heaters and compatible utensils amid rising demand for these products due to concerns over LPG availability following the West Asia crisis, an official said. The crisis has disrupted the movement of ships carrying oil and ...Read More >
New Delhi [India], April 3 (ANI): Industry leaders and experts have welcomed the Centre's decision to grant a full customs duty exemption on critical petrochemical products in response to the ongoing conflict in West Asia. The move, aimed at stabilising supply chains and reducing cost pressures on downstream sectors, is seen as a strategic intervention to protect domestic manufacturing. According to experts, the temporary exemption, effective until June 30, 2026, provides essential relief to i ...Read More >
New Delhi [India], April 3 (ANI): With energy prices climbing sharply amid escalating hostilities in West Asia, the Central Government has begun mobilising domestic industrial capacity to ramp up production of induction heaters, a key alternative to conventional gas-based cooking and heating appliances. Also Read | RBI Assistant Admit Card 2026 Released at rbi.org.in, Here's How To Download. The Department for Promotion of Industry and Internal Trade (DPIIT) convened a high-level inter-ministe ...Read More >
New Delhi: The government on Friday held discussions on measures to encourage companies to ramp up production of induction heaters and compatible utensils amid rising demand for these products due to concerns over LPG availability following the West Asia crisis, an official said. The crisis has disrupted the movement of ships carrying oil and gas through the Strait of Hormuz, raising concerns over cooking gas supplies and prompting people to rush to buy induction heaters and compatible utensils ...Read More >
New Delhi, Apr 3 (PTI) The government on Friday held discussions on measures to encourage companies to ramp up production of induction heaters and compatible utensils amid rising demand for these products due to concerns over LPG availability following the West Asia crisis, an official said. The crisis has disrupted the movement of ships carrying oil and gas through the Strait of Hormuz, raising concerns over cooking gas supplies and prompting people to rush to buy induction heaters and compati ...Read More >
New Delhi: The government on Thursday exempted customs duty on select critical petrochemical products for three months till June 30, aiming to cushion domestic industries from supply disruptions triggered by the ongoing West Asia conflict. Describing the move as a "temporary and targeted relief", the Finance Ministry said it will help ensure availability of key inputs, reduce cost pressures and maintain supply chain stability. The measure is expected to cost the exchequer about Rs1,800 crore. ...Read More >
New Delhi [India], April 2 (ANI): Indian fast-moving consumer goods (FMCG) companies are expected to implement a fresh round of price increases starting in the first quarter of FY27. As per a report by Nuvama Institutional Equities, a sharp rise in crude oil prices and a weakening Rupee have significantly increased input cost pressures, ending a period of relative price stability for the sector. The report forecasts price hikes of at least 3 to 4 per cent in Q1FY27 if the current inflation in r ...Read More >
New Delhi: India's LPG imports in March fell more than 40% compared with the previous two months, opening up a significant supply gap despite increased imports from the US and Iran, show ship-tracking data. In a twist, the US and Iran -- the two countries whose conflict has disrupted LPG flows to India -- helped partly plug the shortfall. The US emerged as India's largest supplier of the fuel in March, while Iran resumed shipments after a gap of nearly seven years. Also Read: India attends UK ...Read More >
Defence Minister Rajnath Singh Thursday chaired the second meeting of the Informal Group of Ministers (IGoM), which took stock of a range of issues, including LPG supplies, aviation turbine fuel price hike, and customs duty exemption on 40 critical petrochemical products till June this year. The meeting was attended by Cabinet ministers Nirmala Sitharaman (Finance), Hardeep Singh Puri (Petroleum), Manohar Lal (Power), Jagat Prakash Nadda (Chemical & Fertilisers), S Jaishankar (External Affairs) ...Read More >
New Delhi: The government is taking several measures to reduce LPG import dependence and enhance energy security over the medium to long term, minister of state for environment Suresh Gopi informed the Lok Sabha on Thursday in a written response. These include prioritising piped natural gas (PNG) and renewable energy development, including solar, wind, bioenergy and green hydrogen. Further, as part of a strategy to diversify LPG imports, PSU oil marketing companies have recently concluded cont ...Read More >
New Delhi, April 2: The government on Thursday exempted import of critical petrochemical products from customs duty for three months till June 30, giving relief to sectors like pharmaceuticals, chemicals and textiles, and ensuring supply stability amid the ongoing West Asia crisis. The "temporary and targeted relief" will cost the exchequer about Rs 1,800 crore, but help ensure price stability, continuity in production and supply chain, CBIC Member (Tax Policy), Sanjay Mangal told reporters at ...Read More >
New Delhi: Defence Minister Rajnath Singh on Thursday stressed the need for round-the-clock monitoring of the West Asia conflict while calling for a calibrated response to deal with any eventuality to ensure that national interests remain protected. Singh chaired a high-level meeting of the Informal Group of Ministers (IGoM) set-up to monitor the situation in West Asia. In view of the "uncertain situation", the defence minister underlined the importance of round-the-clock monitoring of the situ ...Read More >
The first meeting was held on March 28, when Singh had asked officials to closely monitor the situation and ensure coordinated action while planning for long-term stability. Union Defence Minister Rajnath Singh on Thursday chaired the second meeting of the Informal Group of Ministers (IGoM) in New Delhi, where members reviewed the government's response to the ongoing West Asia conflict. The meeting was attended by key Union ministers, including Finance and Corporate Affairs Minister Nirmala Sit ...Read More >
New Delhi, April 2 (SocialNews.XYZ) Round-the-clock monitoring and calibrated response must for India to stay prepared and deal with any eventuality amid the evolving West Asia crisis, Defence Minister Rajnath Singh said on Thursday. The second meeting of the Informal Group of Ministers (IGoM), set-up to monitor the evolving situation in West Asia and suggest proactive measures for its minimum impact on India, was held under the chairmanship of Rajnath Singh here. The meeting deliberated upon ...Read More >
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