The Union Cabinet has approved a nutrient-based subsidy (NBS) of Rs 41,534 crore for the Kharif 2026 season, aimed at insulating farmers from global price volatility and ensuring affordable fertiliser availability.The government reiterated its commitment to shield farmers from fluctuations in international fertiliser prices, particularly amid elevated global rates due to Middle East crisis since…

QatarEnergy says Iranian missiles hit Ras Laffan Industrial City, causing “extensive damage” Qatar on Wednesday expelled key Iranian military and security officials along with their staff from its territory, escalating tensions after missile strikes hit key energy infrastructure in the Gulf. The Qatari Foreign Ministry said on Thursday it had declared the military and security…

The government has asked shipping companies, vessel operators and their agents to refrain from “predatory, non-transparent and opportunistic pricing” practices as freight costs rise sharply amid disruptions caused by the ongoing conflict in West Asia, PTI reported citing sources.The advisory was issued by the Directorate General of Shipping (DGS) on Monday after the regulator received…

Tensions persisted, with Israel continuing strikes in Lebanon, which Tehran insists should be included in the ceasefire, while there was no indication that Iran had eased its blockade of the Strait of Hormuz. A breakdown in talks and a renewed escalation in the conflict could drive up energy prices and inflation, potentially forcing the Federal…