The West Asia conflict is being closely watched in Kerala, which accounts for nearly 19-20% of India’s total inward remittances and has one of the country’s largest expatriate populations in the Gulf.
The under-recovery estimates also exclude losses on Aviation Turbine Fuel (ATF), prices of which have surged significantly since the conflict involving Iran, Israel and the US escalated
According to a note issued by the Lok Sabha Secretariat, officials from the Ministry of Petroleum and Natural Gas, oil marketing companies, and oil PSUs, along with representatives from the Ministry o ...
The broader markets also remained strong, with the Nifty Midcap index rising 1.76% and the Small Cap index advancing 1.93%, indicating sustained buying interest across the broader space.
Nageswaran also said India needs to create strategic buffers in the face of the “most difficult” energy shock the country is experiencing amid the West Asia crisis.
