How US-Iran Conflict Will Hike Fuel Prices, India Rejects Religious Freedom Report + Other Stories

The heightened tension between the US and Iran around the Strait of Hormuz has revived the spectre of high oil prices squeezing the headroom for big-ticket federal spending just when the government is gearing up to energise economic activity.

So far, oil and fuel prices have remained in the comfort zone, moving in a narrow band. This has allowed the governmen to plan for large spendings on socila programmes on cleanliness, housing, health and energy justice through houshold electrification as well as free LPG connection to poor households. Read more

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