West Asia crisis
Coverage of West Asia crisis in the Nexus archive.
- West Asia crisis, uncertain monsoon major risks for growth: RBI Governor
RBI Governor warns that the West Asia crisis and uncertain monsoon are major risks for economic growth.
- Centre extends credit support to businesses under ECLGS 5.0
The Centre has extended credit support to businesses, including MSMEs, affected by the West Asia crisis under ECLGS 5.0. ₹1,280 crore is allocated through banks and financial institutions with government-backed credit guarantees.
- Watch: Commercial LPG supply back to pre-war levels. What are the changes? | Explained
The Union Petroleum Ministry announced on June 25 that commercial LPG supply in India has been restored to pre-West Asia crisis levels, removing sector-specific restrictions. This restoration provides relief to restaurants, hotels, and other commercial establishments.
- Govt. restores commercial LPG supply, withdraws sectoral mandates
The government has restored commercial LPG supply and withdrawn sectoral mandates. The Petroleum Ministry had previously implemented supply maintenance and regulation orders during the West Asia crisis to alleviate pressure on LPG.
- West Asia crisis makes notebooks dearer as schools reopen
The West Asia crisis has increased transportation and raw material costs, leading to higher notebook prices as schools reopen.