RBI MPC Expresses Concerns Over Growth and Inflation Amid Supply Chain Disruptions | India Business News

MUMBAI: The minutes of the April meeting of the Monetary Policy Committee (MPC) reveal a panel that was deeply concerned about the downside risks to growth emanating from the West Asia conflict, even as it remained uniformly confident about the resilience of India’s macro fundamentals leading to the unanimous decision to hold rates.Governor Sanjay Malhotra…

Read More

Pachpadra refinery fire: Announced, relaunched, delayed, burned: Pachpadra refinery’s troubled timeline | Jodhpur News

Rajasthan’s ambitious greenfield refinery project, plagued by political interference and cost escalations, faces further delay after a fire incident in its main Crude Distillation Unit JODHPUR: Announced in 2013, relaunched in 2018, and held back by cost overruns, political shifts, construction hurdles and security disruptions — the Pachpadra refinery has now suffered a fire just…

Read More

‘Layered system of threats’: How Iran’s use of ‘fast-attack ships’ is choking Hormuz

Iran’s use of swarms of small, fast boats to seize two container ships near the Strait of Hormuz is raising fresh concerns over maritime security. It also challenges claims that US forces have neutralised Tehran’s naval threat and highlights the difficulties in reopening a vital global oil route.Speedboat operations are now part of a broader…

Read More

Women’s Reservation Bill, a historic step towards Women’s empowerment: CM Rekha Gupta | India News

Women’s Reservation Bill, a historic step towards Women’s empowerment: CM Rekha Gupta NEW DELHI: Delhi chief minister Rekha Gupta described the Women’s Reservation Bill as a landmark and far-reaching initiative that will significantly strengthen women’s empowerment in the country. She said the legislation is poised to open new avenues for women and elevate their role…

Read More

Oil prices climb towards $110: Brent crude, WTI continue to rise as US-Iran peace talks stall

Oil prices continued their rally on Tuesday, extending gains from the previous session as market sentiment remained cautious due to stalled peace efforts between US–Iran. The Middle East conflict, which has now touched the two month mark has disrupted the crucial Strait of Hormuz, limiting oil flows across the globe. WTI Crude was trading at…

Read More