West Asia Conflict
Himachal Minister Anirudh Singh Slams PM Modi Over Gold and Petrol Appeal
Himachal Pradesh Minister Anirudh Singh criticized Prime Minister Narendra Modi's advice to citizens to avoid buying gold and reduce fuel usage, calling it "anti-people" and an attempt to distract from the country's pressing economic challenges and falling rupee.
Oil Prices Surge as Iran-US Tensions Persist Over Hormuz Strait Blockade
Crude oil prices rose on Friday amid stalled efforts to resolve the Iran crisis, with Tehran continuing to restrict the Strait of Hormuz and the US Navy blocking Iranian crude exports. Brent crude futures climbed over one percent while both benchmarks extended gains for the fourth consecutive month.
Indian Economy faces new risks: West Asia conflict, inflation, and weather hurdles
The Union Finance Ministry’s latest monthly economic review identifies the ongoing West Asia conflict and potential El Niño-induced monsoon deficiencies as critical threats to India’s macroeconomic stability, trade, and financial flows in the current fiscal year.
RBI Holds Rates Steady as West Asia Tensions Trigger Inflation Concerns
Minutes from the Reserve Bank of India’s April policy meeting reveal growing worries over rising crude oil prices, supply disruptions, and geopolitical tensions in West Asia, prompting policymakers to maintain a cautious stance despite strong domestic demand.
