In view of the disruptive situations, the Central government has also announced a financial relief package of Rs 497 crores aimed at helping exporters affected by disruptions in West Asia.
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.
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.
An Indian-flagged crude oil tanker, Jag Laadki, safely sailed from the UAE's Fujairah port despite an attack on the terminal and is scheduled to reach India. The Indian government is working to ensure the safe passage of remaining Indian-flagged vessels in the region.
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 embassy in Tehran has earlier stated that it is facilitating the safe movement of nationals who wish to leave Iran.
Alliances fight wars effectively only when they share an endgame. If Israel acted without US knowledge, then the military alliance is operating without real coordination at the level of strategic targeting. Neither picture is reassuring in a war that is no longer regional in its consequences. Prem Panicker continues his must read daily blog on the Gulf War.
India's trade deficit with China is expected to reach $106 billion in 2025 as imports are rising faster than the country's exports to the neighbouring country, think tank GTRI said on Friday.
It is also the first time that TRF has been mentioned in any UN document. This marks the first mention of the LeT and any other Pakistan-based terror group in the report since 2019.
Khelo Bharat Niti: Regulatory bodies for better sports administration but will IOA, NSFs play ball?
Leaders of the JD-U, which has two ministers in the Union government, insist that the resolution also spoke of "special package and other types of help" and that Bihar could still get a lot from Narendra Modi government.
Prime Minister Narendra Modi announced a Rs 1,600-crore assistance package for flood-hit Punjab after reviewing the damage. He also announced ex gratia for the deceased and injured. The state is battling its worst deluge since 1988.
The government has set up an inter-ministerial group to monitor a possible surge in imports from countries like China, Vietnam and Thailand, fearing a surge in inbound shipments following the imposition of high reciprocal tariffs by the US on these countries, sources said. The product categories that may see an upsurge in diversion of imports from the US to India include consumer goods, electronics, chemicals and steel.
A Delhi court has refused to take cognisance of a chargesheet against Adhunik Corporation Limited and its two directors in a coal scam case lodged by the Enforcement Directorate (ED), saying an attempt to acquire proceeds of crime or anticipating undue benefits cannot be termed money laundering.
The ban on export of onion will continue till its previously announced deadline of March 31 as the government is keen to keep prices under check and ensure domestic availability, a top official said on Tuesday. On December 8, 2023, the government had banned export of onion till March 31. "Ban on onion exports has not been lifted. It is in force and there is no change in the status," consumer affairs secretary Rohit Kumar Singh told PTI.
With a major network rollout on the cards, the government is not keen to change the pattern of tower monetisation for Bharat Sanchar Nigam Ltd (BSNL), officials at the state-owned telecom-service provider said. The monetisation target in the telecom sector had to be revised owing to a change in BSNL's approach to mobile-phone tower monetisation, which had shifted from a sale-based model to a lease-based one.
A high-level inter-ministerial team conducted a six-hour investigation in Badhaal village, Rajouri district, Jammu and Kashmir, to ascertain the causes of death of 17 members of three families under mysterious circumstances. The team, led by a director-rank officer in the Union Ministry of Home Affairs, collected samples and briefed by senior district, health and police officers. The team's visit follows the deaths of 16 people between December 7 and January 19. The investigation is ongoing, with authorities focusing on potential neurotoxins and a spring that tested positive for pesticides.
The proposed legislation on Emigration (Overseas Mobility (Facilitation and Welfare) Bill, 2024) seeks to replace the Emigration Act of 1983 with a view to facilitate the circular mobility of people intending to emigrate for overseas employment.
The PM promised an inter-ministerial team, which will discuss with Kashmiri Pandits their problems for the formulation of a comprehensive plan.
The airports were refurbished at the cost of Rs 2,325 cr and Rs 2,015 cr respectively but there have been various complaints.
They noted that the exercise had begun in 2011 and an Inter-Ministerial Group submitted its recommendations in 2012 after meeting for 10 times.
Amid a raging row over coal block allocations, the Inter-Ministerial Group is set to recommend de-allocation of some coal blocks awarded to private firms out of 29 cases under review and other punitive action will be taken against several others.
Unfazed by the olanning commission disapproving his demand to grant special category status to Bihar, Chief Minister Nitish Kumar today made a strong pitch for it, alleging that the Centre's Inter-Ministerial Group did not consider the issue with seriousness.
Continuing scrutiny of coal blocks which failed to meet development timelines, the Inter-Ministerial Group on Thursday recommended de-allocation of two more mines, raising to 13 the number of blocks against which such recommendation has been made.
The government's high-level panel looking into the controversial coal block allocations for captive mining has decided against cancelling three blocks, given to Nagpur-based Shree Veerangana Steels.
"Some more coal blocks would be de-allocated," Coal Minister Sriprakash Jaiswal told reporters after attending a meeting on infrastructure projects convened by Finance Minister P Chidambaram.
Govt deallocates four blocks, more cancellations likely today.
The Congress-led United Progressive Alliance government at the Centre has accepted the recommendations made by the Inter-Ministerial Group on coal to de-allocate four coal blocks
The panel, under the supervision of the Planning Commission, also turned down the demand for area-based fiscal concessions for Bihar on the grounds that it was not consistent with the proposed reform measures under the Direct Taxes Code and Goods and Services Tax.
Beware! Use of words such as 'attack', 'bomb', 'blast' or 'kill' in tweets, status updates, emails or blogs may bring you under surveillance of security agencies as the government will soon launch 'Netra', an internet spy system capable of detecting malafide messages.
The panel also recommended deduction of bank guarantee of four mines, including one given jointly to the world's largest steel producer ArcelorMittal and GVK Powers, an official statement said.
The government on Monday decided to deallocate one more mine - Gourangdih ABC-- jointly given to JSW Steel and Himachal Emerging Markets Trade Association besides deduction of bank guarantees of two allottees for failing to develop mines within time.
A direction is this regard was given on Wednesday after Finance Minister P Chidambaram and Coal Minister Sriprakash Jaiswal met in the presence of the secretaries of the Department of Economic Affairs and Coal Ministry
The panel undertook the review of the blocks from September 6-8.
Meeting in the midst of a raging controversy, an inter-ministerial group on coal blocks on Monday skirted a decision on cancelling allotments of 58 mines, but firmed up the guidelines for forfeiting of bank guarantees for failure to develop them.
Letters for deallocation of 13 private coal blocks to their owners are likely to be sent soon after the law ministry gives its go-ahead, Coal Minister Sriprakash Jaiswal said on Friday.
Measures announced in the past such as an export ban on onions, pulses, edible oil and non-basmati rice will continue. Restriction on the export of more commodities would be imposed, if required.
The Inter-Ministerial Group on coal blocks on Saturday decided to recommend cancellation of two mines awarded to Bhushan Steel and SKS Ispat & Power, and forfeiture of bank guarantees for two other blocks.
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