'Travellers are considering safer and more stable destinations.'
Markets will look for clear guidance on how the MPC interprets the uncertainty and what it implies for the future course of monetary policy, points out Rajeswari Sengupta.
Amid escalating tensions in West Asia, the Indian government has established a control room to provide crucial support and assistance to the nearly one crore Indian citizens residing in the region.
Sri Lanka has established emergency hotlines and is in close contact with its diplomatic missions in West Asia following escalating tensions in the region. The country is also preparing its airports for potential flight diversions and emergencies.
The Supreme Court has strongly criticised the West Bengal government's handling of an incident in Malda district where judicial officers were allegedly attacked. The BJP has accused the TMC of orchestrating the event to obstruct the Special Intensive Revision (SIR) of electoral rolls and protect Rohingyas.
The Reserve Bank of India (RBI) Governor Sanjay Malhotra is now confronting the classic growth-inflation tradeoff, a situation exacerbated by the West Asia war, which threatens to end the 'goldilocks period' of low inflation and robust growth.
The ongoing conflict in West Asia is severely disrupting Bikaner's food exports, causing delays, rising costs, and impacting the supply of popular snacks like bhujia and papad to Gulf and European markets.
A 20-year-old man from West Bengal's Bankura district has been arrested by the Telangana Police's special task force (STF) for allegedly having links with a militant organisation.
Trinamool Congress leader Abhishek Banerjee accuses the central government of withholding funds from West Bengal to punish voters for supporting the TMC, while highlighting state-led initiatives to support the population.
TMC leader Abhishek Banerjee has accused the Congress party of indirectly supporting the BJP in West Bengal, urging voters to reject them in the upcoming elections. He alleged a nexus between the Congress, BJP, and Left parties, claiming that votes for Congress would split the opposition and benefit the BJP.
The Rajya Sabha witnessed a heated debate between the opposition and the government regarding a discussion on the West Asia crisis, with accusations of political maneuvering and failure to uphold the dignity of parliamentary positions.
The Trinamool Congress (TMC) has accused the BJP of attempting to manipulate the upcoming West Bengal assembly elections by submitting a large number of Form 6 applications to illegally register voters from outside the state.
Analysts warn that global markets are significantly underpricing the risk of an oil price shock, with Brent crude potentially soaring to $150 per barrel if the West Asia conflict escalates or damages critical oil and gas infrastructure. This could lead to severe inflation and economic repercussions, particularly for import-dependent nations like India.
An Indian national was killed in a missile attack on Riyadh, bringing the total number of Indian fatalities in the West Asia conflict to six. The Indian embassy in Riyadh has expressed condolences and is providing assistance to the family.
Prime Minister Narendra Modi convened the Cabinet Committee on Security to address the impact of the West Asia conflict on Indian citizens, focusing on safeguarding them from the conflict's effects and ensuring the smooth flow of essential supplies.
The West Indies and South Africa, both undefeated, will battle in a Super 8 match of the T20 World Cup. The West Indies' powerful batting will be tested by South Africa's balanced bowling attack. The result could significantly impact India's chances of reaching the semi-finals.
Pakistan's Prime Minister Shehbaz Sharif has engaged in extensive diplomatic efforts to de-escalate the conflict in West Asia, offering to host talks between the US and Iran and engaging with leaders from Saudi Arabia, Qatar, Malaysia, the UK, China, and the European Union.
A house in Delhi's Hari Nagar was burgled while the occupants were at a temple, with gold, silver, and cash worth lakhs stolen. Police are investigating the incident and searching for the suspects.
Suzuki Motorcycle India Ltd (SMIPL) has revised its domestic two-wheeler sales growth estimate for FY27 downwards from 7-8 per cent, citing rising commodity costs due to the ongoing West Asia conflict and its impact on consumer affordability.
An Indian national has been killed in Kuwait following Iranian strikes on a power and water desalination plant, bringing the total number of Indian fatalities in the West Asia conflict to eight.
Ongoing geopolitical tensions in West Asia have slowed deal momentum in Dubai's luxury residential market, but Indian high-net-worth individuals (HNIs) are not exiting their marquee assets, with any 'discounted' resale deals attributed to investor liquidity stress rather than geopolitical flight.
The USS Tripoli, carrying around 3,500 US Marines, has entered the United States Central Command (CENTCOM) area of responsibility, marking the deployment of one of America's largest amphibious assault ships into an active combat theatre in West Asia amid the ongoing conflict.
The 87th Inter-State Sub-Junior and Cadet National Table Tennis Championships begin in Gandhidham, with 32 teams competing for the boys U-15 title. West Bengal enters as the favourite, while other states like Tamil Nadu and Maharashtra are expected to challenge.
West Bengal Chief Minister Mamata Banerjee has announced the formation of a Traders' Welfare Board to serve as a platform between traders and the state government.
Uncertainty stemming from the US-Iran conflict has significantly impacted India's mutual fund industry, leading to a sharp decline in new fund offers (NFOs) in March, despite numerous regulatory approvals. This geopolitical tension, coupled with existing market strain and distributor hesitation, has dampened investor sentiment and affected overall inflows.
Political parties in West Bengal react to the Election Commission's reshuffle of senior administrative and police officials ahead of upcoming elections, with TMC criticising the move and BJP and CPI(M) welcoming it.
West Ham edged Brentford in shootout after Dango Ouattara to attempt a chipped "Panenka" penalty cost his side in their FA Cup fifth round tie on Monday.
The Supreme Court has transferred the investigation of the Malda incident, involving the gherao and attack on judicial officers, to the National Investigation Agency (NIA), citing concerns about the credibility of West Bengal's bureaucracy.
Arsenal moved nine points clear in the Premier League after beating Everton 2-0 as 16-year-old Max Dowman became the youngest scorer in league history, while Manchester City dropped points at West Ham.
West Bengal Chief Minister Mamata Banerjee has accused the central government of pressuring the outgoing Governor C V Ananda Bose to resign and alleged that his replacement, R N Ravi, is a BJP cadre.
The Indian government is unlikely to allow a parliamentary debate on the West Asia crisis, citing prior briefings by the External Affairs Minister. This decision comes amid opposition protests and a pending no-confidence motion against the Speaker.
Even as the benchmark and broader indices were down sharply on Monday due to escalating tensions in West Asia, the Nifty Defence index ended the session in the green.
Sri Lanka has established emergency hotlines and is closely monitoring the situation in West Asia following escalating tensions, urging restraint and de-escalation from all parties involved.
A sub-inspector was found dead at his residence in Nadia district, West Bengal. Police are investigating the circumstances surrounding his death.
The ICC said the South African contingent had begun departing for home on Wednesday with "four players and five family members having boarded the flight".
Argentina has significantly increased its LPG exports to India to help mitigate shortages caused by the ongoing conflict in West Asia. This partnership is becoming increasingly important for India's energy security.
Opposition leaders have criticised the alliance between AIMIM and a suspended TMC MLA for the West Bengal Assembly elections, fearing it will divide votes and weaken secular parties.
Union Minister JP Nadda accuses the West Bengal government of sheltering infiltrators, leading to demographic changes and hindering development.
Senior police officials in West Bengal are visiting police stations to ensure free and fair polling for the upcoming Assembly elections, focusing on maintaining law and order and preventing electoral malpractice.
Asian Development Bank (ADB) on Friday warned that India's limited crude oil reserves of about 100 million barrels - sufficient for only 40-45 days of consumption - leave the country particularly vulnerable to supply disruptions through the Strait of Hormuz amid the ongoing war in West Asia.
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