West Asia War
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Red alert for airlines? Middle East war pushes global passenger demand down 3.4% in April
The West Asia conflict has severely impacted global aviation, causing a 3.4% drop in passenger demand in April due to soaring fuel prices and airspace disruptions. Middle East carriers saw a drastic 46.6% decline. Airlines are reducing flights and increasing fares as a result of these ongoing challenges.
Middle East on edge: Iran and Israel trade fresh blows despite Trump's warning
The fragile ceasefire faltered completely early Monday after Iran struck Israel first time since April 8 truce, drawing a sharp retaliatory strikes from the Jewish State as loud boom was heard in parts of central and western Iran. Timing of the re-eruption of the war has cast a foreboding shadow over the end of hostilities in the West Asia, which entered 101 day since February 28. The strikes could also derail United States president Donald Trump's last-ditch effort to find an off ramp in...
US-Iran war: Rs 10,000 crore ATF Price Stabilization Fund approved for OMCs
Amid the prolonged Middle East conflict, the government has approved an Aviation Turbine Fuel (ATF) Price Stabilisation Fund to safeguard problems being faced by airlines, oil marketing companies and fliers. This will be a self sustaining revolving fund. The Union Cabinet on Wednesday approved the fund of Rs 10,000 crore support package to protect airlines from the sharp surge in aviation fuel prices triggered by the ongoing turmoil in West Asia.
Forward-Looking Stress Testing Under Macro Scenarios: Stable SVaR Estimation Using a Hybrid GPR-HS Framework with SACS
Announce Type: cross Abstract: Regulatory stress testing frameworks, including the Comprehensive Capital Analysis and Review (CCAR) and the Internal Capital Adequacy Assessment Process (ICAAP), require robust Stressed Value-at-Risk (SVaR) estimation under forward-looking macroeconomic scenarios. Traditional parametric approaches often exhibit numerical instability under extreme shocks, reducing the reliability of capital projections. This paper extends the Hybrid Gaussian Process Regression...
Cabinet backs ordinance to ease tax rules for foreign investors in some securities
The Union Cabinet on Wednesday recommended an ordinance to ease tax rules for foreign investors in some categories of securities. The details of the proposal moved by the finance ministry were not immediately available. However, it is being seen as an effort to help strengthen the rupee, which has weakened 6% against the US dollar as foreign portfolio investors have pulled out a record Rs 2.6 lakh crore from equities since Jan.
Russian crude here to stay? Why India-US energy ties may be more about LPG, LNG than oil
US President Donald Trump announced in February that India would stop buying Russian crude oil and step up energy ties with the United States of America. Four months after that, India’s Russian oil imports are near record highs and the US still doesn’t feature among India’s top five crude suppliers. But notably, India has stepped up LPG and LNG imports.
Hormuz crisis side effect: a sharp rise in container shipping rates
Hormuz crisis side effect: a sharp rise in container shipping rates - SCFI global composite index has doubled since the war with Iran began and is at its highest point since September 2024, during the Red Sea crisis - Bunker fuel costs have jumped by almost 70% and container lines are successfully passing incremental costs along to shippers - Shanghai-Los Angeles spot rates are up 59% vs late February, with Shanghai-New York rates up 66%, according to Drewry assessments Spot container...
‘Encroached territory’: Why India-Nepal border dispute is heating up again
‘Encroached territory’: Why India-Nepal border dispute is heating up again Balendra Shah’s recent comments about Nepal encroaching on Indian territory have revived a 200-year-old border dispute. Nepal’s Prime Minister Balendra Shah has reignited a border dispute with India after claiming in parliament that Nepal has also encroached on Indian territory – a departure from Nepal’s usual stance, which has largely focused on accusing its bigger neighbour of occupying its land. Speaking on Sunday...
Rupee gains sharply as RBI unveils steps to attract foreign investors
Giving a major boost to the rupee, Reserve Bank of India (RBI) governor Sanjay Malhotra on Friday announced several steps to attract foreign capital at a time when the US-Iran conflict is putting pressure on India’s external sector resilience. The rupee gained 50 paise against the US dollar on Friday, strengthening to 95.24 after the RBI unveiled measures aimed at easing investment norms for foreign portfolio investors in government securities. Currency market participants said investor...
Taliban and Russia cozy up to each other — why?
Taliban and Russia cozy up to each other — why? June 3, 2026The acting defense minister in the Taliban regime, Mullah Mohammad Yaqoob, stepped off a flight in Kabul last week to deliver a warning to Pakistan. Islamabad, he said, would "soon no longer dare" to attack Afghan territory due to the military-technical cooperation agreement he had just signed in Moscow.