India's foreign exchange reserves increased by USD 2.362 billion to reach USD 703.308 billion for the week ending April 17, as reported by the Reserve Bank of India (RBI).
Union Home Minister Amit Shah has criticised the TMC government in West Bengal, alleging that its policies have led to increased infiltration and threaten national security. He framed the upcoming elections as a battle against these issues, promising change if the BJP comes to power.
Bangladeshi nationals topped the list of foreign nationals arrested in India in 2024, according to the latest NCRB data, followed by Nigerians and Nepalis. West Bengal recorded the highest number of crimes committed by foreigners among states, while Delhi topped union territories.
Prime Minister Narendra Modi convened a meeting with senior ministers to assess the impact of the evolving situation in West Asia on India's crude oil, gas, petroleum, power, and fertiliser sectors, focusing on ensuring uninterrupted supply and stable logistics.
India has capped gold imports under the Advance Authorisation scheme at 100 kg, a day after significantly increasing import duties on precious metals. This move aims to tighten conditions for duty-free gold imports by jewellery exporters and curb non-essential imports amidst a ballooning import bill.
India's foreign exchange reserves saw a significant drop of USD 7.794 billion, settling at USD 690.693 billion for the week ending May 1, as reported by the RBI, reflecting the impact of global events and central bank interventions.
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.
West Bengal Chief Minister Mamata Banerjee has accused the BJP of attempting to illegally include voters from outside the state in West Bengal's electoral rolls, alleging a coordinated effort to interfere with democratic rights.
The INDIA bloc faces challenges after recent state election defeats for key members like TMC and DMK, potentially shifting internal dynamics and leadership considerations.
Prime Minister Narendra Modi has called on Indian citizens to unite and overcome the challenges posed by the ongoing conflict in West Asia, cautioning against politicisation and rumour-mongering.
Modi said that the West Asia crisis has been going on now for more than three weeks and is having a very adverse impact on the global economy and on people's lives. He said the entire world is urging all parties for the earliest resolution of this crisis.
India's U-17 women's team secured a historic 4-0 victory against Lebanon, propelling them into the AFC U-17 Women's Asian Cup quarter-finals for the first time. Pritika Barman scored twice, fulfilling her promise to open the scoring, while Alva Devi Senjam added another goal in the crucial win.
External Affairs Minister S Jaishankar highlighted the unifying role of cricket between India and Jamaica, dedicating a digital scoreboard gifted by India to Sabina Park in Kingston.
Prime Minister Narendra Modi addressed concerns about the impact of the West Asia conflict on India, assuring efforts to minimise its effects and prioritising the safety of Indian citizens working in the region. He also criticised the Congress party for making remarks that could endanger Indian lives for political gain.
'If the war continue for a longer period of time, it is just a matter of time before the government will pass on some of the price increases.'
India U17 Women's team face Lebanon in a must-win game in the AFC U17 Women's Asian Cup, with a chance to qualify for the knockout stage for the first time.
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.
The INDIA bloc faces a significant challenge as the Congress and DMK part ways, raising questions about the alliance's future and unity.
'OMCs are incurring losses of Rs 1,000 crore per day due to the West Asia crisis.'
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.
The BJP has criticised Mamata Banerjee's appearance in the Calcutta High Court as an advocate, calling it a political stunt. The Bar Council of India has requested a report on her enrolment and practice status, leading to a debate over her legal credentials and the norms governing legal practice.
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.
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.
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 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 Indian government has increased import duties on gold and silver from 6 per cent to 15 per cent to curb inbound shipments of precious metals amid a rising import bill due to the West Asia crisis.
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.
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 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.
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'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.
The Trinamool Congress has launched a sharp attack on the Narendra Modi government over rising fuel prices, economic concerns, and exam irregularities, accusing the Centre of betraying citizens.
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 BRICS foreign ministers' meeting in New Delhi concluded without a joint statement due to disagreements over the West Asia conflict, with Iran blaming the UAE for the lack of consensus. India, as the host, issued a chair's statement highlighting the differing views.
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.
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.
'PM Modi is trying to reduce the volume of fuel consumed instead of raising prices sharply.'
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.
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