The Confederation of Indian Industry (CII) has proposed a 20-point policy agenda to the finance ministry, including a conflict-linked emergency credit line guarantee scheme and tax rationalisation on energy inputs, to support MSMEs, exporters, and energy-intensive industries affected by the ongoing West Asia war.
Indian stock market indices Sensex and Nifty experienced a decline in early trade due to surging crude oil prices and ongoing geopolitical uncertainty in West Asia. Foreign fund outflows further contributed to the negative sentiment.
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.
He added that opposition parties were assured that their concerns regarding the impact of the West Asia situation on India and the safety of Indian citizens were addressed in detail.
India's fertiliser subsidy bill for the current financial year (FY27) is projected to increase by approximately 20% due to surging global prices, primarily driven by the West Asia crisis, a senior official confirmed. Despite this, retail prices for urea and di-ammonium phosphate (DAP) will remain unchanged, ensuring adequate supply for the kharif season.
Prime Minister Narendra Modi held a virtual meeting with chief ministers to review preparedness and plans in light of the West Asia conflict, emphasising the importance of national unity and enhanced security measures.
The Indian government has implemented several measures to mitigate external risks, support the balance of payments, and maintain macroeconomic stability amidst the ongoing West Asia crisis, according to Minister of State for Finance Pankaj Chaudhary.
India's virtual T20 World Cup quarterfinal against West Indies at Eden Gardens will be played on the same pitch that produced the tournament's first 200-plus total, with dew and spin likely to play key roles.
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.
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.
India has joined over 100 countries and global organizations in condemning Israel's "unilateral" decisions and measures aimed at expanding its "unlawful presence" in the West Bank.
The Indian government has convened an all-party meeting to discuss the ongoing crisis in West Asia, following Prime Minister Modi's address to Parliament on the situation and its potential impact on India.
Samajwadi Party chief Akhilesh Yadav met TMC leader Mamata Banerjee to express solidarity after the TMC's defeat in the West Bengal assembly elections. The meeting highlights efforts by opposition parties to strategise and strengthen unity against the BJP.
Indian tennis icon Leander Paes has joined the Bharatiya Janata Party (BJP), marking a significant transition from his celebrated sports career to the political arena, ahead of assembly elections in West Bengal.
The Indian government is considering additional relief packages for vulnerable sectors like MSMEs to mitigate the impact of the ongoing West Asia crisis on the economy and inflation.
India retains its top position in the ICC T20I rankings, followed by England and Australia. The rankings consider matches played since May 2025 at 100 per cent and the previous two years at 50 per cent.
Prime Minister Narendra Modi has appealed to citizens to adopt austerity measures, including avoiding destination weddings abroad and reducing edible oil consumption, to mitigate the impact of the West Asia crisis on India's economy.
Air India, IndiGo and SpiceJet have told the government that the country's airline industry is under extreme stress and on the verge of "stopping operations", as they sought revision in ATF pricing and financial support.
A Marshall Islands-flagged LPG carrier, MT Sarv Shakti, carrying Indian cargo, has safely crossed the Strait of Hormuz on Saturday and is expected to reach Visakhapatnam on May 13, according to official sources.
Former Indian cricketer Ravichandran Ashwin has criticised the idea of creating two separate T20I teams for Team India, advocating for 'A' team tours to provide players with more exposure instead.
Prime Minister Narendra Modi addresses the Rajya Sabha, detailing India's strategies to navigate the global energy crisis sparked by the West Asia conflict, including securing diverse energy sources and expanding strategic oil reserves.
West Indies' commanding victory over Zimbabwe in the T20 World Cup has significantly increased the pressure on India to win their remaining matches by a substantial margin to secure a spot in the semifinals.
The family of Dixit Solanki, an Indian seafarer killed in a suspected attack on a merchant vessel off the coast of Oman, has filed a petition in the Bombay High Court seeking the return of his mortal remains.
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.
Prime Minister Modi has urged citizens to adopt measures like judicious fuel use, postponing gold purchases, and deferring foreign travel to strengthen India's economy in the face of the West Asia conflict's adverse impact.
Prime Minister Narendra Modi felicitated senior BJP worker Makhanlal Sarkar at a swearing-in ceremony in West Bengal. Sarkar, 98, is an early grassroots figure associated with the nationalist movement. Suvendu Adhikari took oath as the state's first BJP Chief Minister after defeating Mamata Banerjee.
A US-sanctioned tanker carrying Iranian crude oil is heading to India, marking the resumption of oil imports from Iran after seven years.
The India Meteorological Department (IMD) has announced that conditions are becoming favourable for the onset of the southwest monsoon over parts of the south Bay of Bengal, Andaman Sea, and Andaman and Nicobar Islands towards the end of this week.
Mamata Banerjee, former West Bengal chief minister, updated her social media profiles to reflect her position as Founder Chairperson of the All India Trinamool Congress and Chief Minister of West Bengal, despite the party's recent electoral defeat.
Congress leader Rahul Gandhi has criticised Prime Minister Narendra Modi's call for citizens to make economic sacrifices in response to the West Asia conflict, calling it 'evidence of failure'. Gandhi accused Modi of shifting responsibility onto the public and being incapable of running the country.
The West Bengal government, led by Chief Minister Suvendu Adhikari, has announced the implementation of several key administrative and policy measures, including the adoption of the Ayushman Bharat health scheme, land transfer to the BSF for border fencing, and the implementation of the BNS criminal law.
Samajwadi Party chief Akhilesh Yadav has voiced his support for the TMC and DMK after their losses in recent assembly elections, while criticising the Congress party.
External Affairs Minister S Jaishankar will address the Lok Sabha on the situation in West Asia, as Parliament reconvenes for the Budget session amidst ongoing regional tensions.
The Indian Embassy in Bamako has issued an advisory urging Indian nationals in Mali to remain vigilant and exercise caution due to recent security developments and reported attacks.
The Ministry of External Affairs (MEA) has stated that India is closely monitoring developments in West Asia, addressing topics ranging from ceasefire efforts to maritime security and the safe return of Indian nationals. The MEA also addressed the UN Climate Change Conference and the delimitation bill.
Union Minister J P Nadda criticised the Trinamool Congress (TMC) government in West Bengal, accusing it of disregarding democratic procedures, the judiciary, and the Election Commission of India. He alleged that the rule of law has been compromised in the state, particularly concerning the special intensive revision of electoral rolls.
The Election Commission is preparing to launch the third phase of the Special Intensive Revision (SIR) of voters' lists, potentially covering 22 states and Union Territories with approximately 40 crore electors.
Analysts predict that developments in West Asia and their impact on crude oil prices will heavily influence investor sentiment in the upcoming week. Global market trends, foreign investor activity, and rupee-dollar movement will also play a role.
External Affairs Minister S Jaishankar has emphasised India's commitment to safe maritime transit and condemned attacks on merchant shipping amidst the ongoing West Asia conflict and global energy market disruptions.
Foreign investors have withdrawn a record Rs 1.14 lakh crore from Indian equities in March, driven by geopolitical tensions, a weakening rupee, and concerns about crude oil prices.
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