No fuel shortage: Govt assures 100% domestic LPG, PNG, CNG supply amid Hormuz energy crunch

No fuel shortage: Govt assures 100% domestic LPG, PNG, CNG supply amid Hormuz energy crunch

Amid ongoing geopolitical tensions straining global oil supplies, the government has said that it is ensuring uninterrupted fuel availability across the country and is closely monitoring maritime safety in the Middle East.Reassuring citizens, the ministry of petroleum and natural gas said there has been no disruption in household LPG supply. “Domestic LPG cylinder deliveries remain…

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Govt okays ₹12,980-crore maritime insurance pool| Business News

Govt okays ₹12,980-crore maritime insurance pool| Business News

The Union Cabinet meeting, chaired by Prime Minister Narendra Modi, on Saturday approved the creation of a sovereign guarantee-backed maritime insurance pool, Bharat Maritime Insurance Pool (BMI), worth ₹12,980 crore amid rising underwriting costs due to the West Asia war, a move aimed at cutting Indian merchant shippers’ reliance on global risk-coverage firms, including reinsurers….

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Middle East turmoil tests economies: India's growth stays firm at 6.8%; oil shocks threaten US outlook

Middle East turmoil tests economies: India’s growth stays firm at 6.8%; oil shocks threaten US outlook

India’s growth trajectory is expected to remain steady despite the ongoing Middle East crisis, that has sent ripples across the globe. In its latest report, SBI Research said that the country is navigating oil shocks and the Iran war from a “situation of strength”, projecting GDP growth at 6.8% to 7.1% in FY27.The report noted…

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Lpg Consumption India: India’s LPG consumption drops 13% in March amid Middle East supply disruptions

Lpg Consumption India: India’s LPG consumption drops 13% in March amid Middle East supply disruptions

India’s cooking gas consumption saw a sharp decline in March, with LPG usage falling 13 per cent year-on-year due to supply disruptions linked to the ongoing Middle East conflict, according to official data.LPG consumption stood at 2.379 million tonnes in March, down from 2.729 million tonnes in the same month last year. The decline comes…

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Should you buy gold this Akshaya Tritiya? Historical returns with silver, Sensex compared; what 5 experts have to say

Should you buy gold this Akshaya Tritiya? Historical returns with silver, Sensex compared; what 5 experts have to say

Gold and silver have marked gains of around 10% and 5% year-to-date. Should you buy gold this Akshaya Tritiya? We asked five experts: (AI image) Gold buying in India is not just about its safe haven status – it is traditionally considered auspicious. Festivals across the year become major days on which gold buying peaks….

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