Top government officials in New Delhi have started discussions with stakeholders ranging from shipping and container companies to export promotion councils to understand the impact of the Iran-Israel tensions and plan ahead. Inter-ministerial talks are also being lined up amid the crisis situation in West Asia, sources confirmed. While the crude flows are not directly under any threat, elevated oil prices remain a concern, according to officials.
Arab Gulf economies are set to benefit from large government spending programmes and high oil prices in the second half of the year, despite concerns over political turmoil in the Middle East and Europe's sovereign debt crisis, a senior bank official has said.
Why sub-prime mortgage in the US is lashing Indian stocks markets
'The message that India has conveyed since the start of this conflict is clear and consistent. It is important to prevent escalation to ensure continued delivery of humanitarian aid and to work towards an early restoration of peace and stability. A peaceful resolution of the conflict through dialogue and diplomacy is the only way forward'
India as the predominant power in the South Asian Association for Regional Co-operation ought to act as the saviour for not just the Indians stranded in Libya, but nationals of other smaller countries as well.
Closely watched by the world for any escalation, the Iran-Israel conflict is already showing early signs of stress for India Inc - longer deliveries, doubling freight rates, extended working capital cycles, and higher costs. For those yet to feel the heat, there is growing apprehension and nervousness over future developments, observed industry executives.
Top commanders of the Indian Army deliberated on the Russia-Ukraine war and Israel-Hamas conflict at a five-day conclave to draw relevant lessons besides focusing on ways to make the force 'future ready' in line with with emerging contours of threats and challenges.
India on Thursday described the strikes by Hamas on Israeli cities as "terror attacks" but at the same time reaffirmed its long-standing position, advocating negotiations towards establishing a "sovereign, independent and viable" State of Palestine living side-by-side at peace with Israel.
Two bodies, including that of a woman, with bullet wounds were recovered in Imphal East and West districts in Manipur, police said on Thursday.
The depth of the financial crisis and the various speeds at which different regions are recovering will accelerate the tectonic shift in global wealth distribution to the East, with China, India and the Middle East emerging as new wealth centres, according to a study.
Billionaire Mukesh Ambani on Monday pressed for bridging the digital divide "both among nations and within nations", saying connectivity and communications have become the fundamental rights of every person. Also, there is a need to bring back the economies around the globe. Speaking at the Qatar Economic Forum, he said it is difficult to imagine what India would have been without the 4G telecom network during the pandemic. "The digital divide must be bridged, both among nations and within nations.
If the crisis worsens it could jack up India's oil import bill by over $20 billion this fiscal, at close to $200 billion.
For those who are unaware of the migrant crisis the EU is facing and wondering just what the fuss is all about, here's an explanation of what's going on.
Of the eight RBI governors who have held office since the 1991 economic liberalisation, Bimal Jalan had the longest stint and S Venkitaramanan, the shortest. Current Governor Shaktikanta Das will overtake Bimal Jalan before completing his second term in December, points out Tamal Bandyopadhyay.
Any miscalculation and miscommunication are fraught with the risk of a major catastrophe, warns Rup Narayan Das.
The National Security Strategy document should flag all major issues concerning security strategy and provide guidelines to concerned departments to work out suitable action plans. Since the global and regional geopolitical canvas is dynamic, the NSS document should be deliberated at length before formulation and should be reviewed periodically, recommends Commodore Venugopal Menon (retd).
The UN Security Council on Wednesday failed to adopt a Brazil-led draft resolution that would have called for humanitarian pauses in the ongoing Israel-Hamas conflict to allow full access for aid to the Gaza strip after the US vetoed the text.
Trump hopes that the US will be able to deal in a very open and honorable fashion with North Korea.
Amid the raging Israel-Hamas war, a group of opposition leaders, including MP Danish Ali and former parliamentarians Mani Shankar Aiyar and K C Tyagi, visited the Palestine Embassy in New Delhi on Monday to express solidarity with Palestinians.
India has maintained communication with both Russia and Ukraine. It is time Narendra Modi steps up on the world stage and plays the role of peacemaker, suggests military historian Colonel Anil A Athale (retd).
As stringent sanctions imposed by the European Union and US are crippling business and trade, desperate Russian oil companies are offering huge discounts to India, provided a payment mechanism to bypass the SWIFT ban is quickly approved by the government. According to sources familiar with the development, Russian oil firms are offering 25-27 per cent discount to the dated Brent crude prices. State-run Rosneft is one the biggest oil companies that supply crude to India.
Under the deal, Israel would suspend its plans to annex large parts of the occupied West Bank.
'India is respected by both Israel and Palestine.' 'India can push the international community for the peace process.'
European leaders are searching for solutions as conflicts in Syria and Iraq are sending thousands of refugees on dangerous voyages through the Balkans and across the Mediterranean to the 28-nation European Union. Here are the latest developments on the crisis.
Speculation is rife that Xi is likely to make an attempt to initiate peace talks between Russia and Ukraine to end the ongoing conflict in Ukraine.
The world's most dangerous man Abu Bakr al-Baghdadi leads Islamic State of Iraq and Syria's attempts to carve out a caliphate in the Middle East. After Iraq, will ISIS make a foray in neighbouring Afghanistan?
Pandit will be replaced by Michael Corbat, who previously served as Citigroup's CEO of Europe, Middle East and Africa.
Morocco, in second place in their group but tied on 4 points with top team Croatia, play their final game of the group stage against Canada on Thursday.
'Kerala is probably the only state, where (with regard to) the clinical management and the overall protocols, we have an infectious disease team heading the whole containment plan.'
Iran's President Mahmoud Ahmadinejad on Friday accused the United States of killing people in "large numbers and in organised ways" in Afghanistan, Iraq and Pakistan and also blamed the UNSC for the crisis in the Middle East.
As violence in Syria worsens, India has called on all parties within and outside the troubled country to fully cooperate with international envoy Kofi Annan to bring an end to the crisis.
The company, however, expects the direct impact of the Japanese crisis to be minimal on its business in the short-term.
The IBSF World Men's Snooker Championship, which was originally scheduled to take place in Bahrain, will now be held in Bangalore from November 28 to December 3.
India figured prominently in a leading Washington think-tank's recently simulated energy crisis, which brought together leading energy and regional experts from across the United States, to examine the likely response of various countries to a major terrorist attack on energy distribution and production facilities in the Middle East and Southeast Asia.
India has said the current crisis in Gaza can be resolved through a negotiated political settlement and dialogue remains the "only viable option" to effectively address issues confronting the region and its people.
'But unlike Bond who killed an individual, Israel is killing a nation.'
'Traditionally, the US tried to tamp down tensions whenever a crisis situation arose and deputed officials from Washington to travel to Delhi to counsel restraint.' 'This time around, no US envoy flew down to Delhi -- not even when tensions spiked and a flashpoint was reached last week,' points out Ambassador M K Bhadrakumar.
Biden, in his call with Netanyahu, updated him on US military support and reiterated his warning against anyone seeking to expand the conflict, according to a readout of the call.
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