Congress President Mallikarjun Kharge on Friday said that India's strategic autonomy and national sovereignty are under "dire threat" as the United States allowed a 30-day waiver for New Delhi to purchase Russian oil amid shipping routes passing through the Strait of Hormuz being hampered
In a post on X, Kejriwal questioned why India needed permission from the United States to buy oil from Russia. He alleged that in recent months the country had witnessed the Prime Minister repeatedly "bowing" before Donald Trump and failing to speak up strongly.
Leader of Opposition in Lok Sabha, Rahul Gandhi, on Friday described Indian foreign policy as "exploitation of a compromised individual," after the United States allowed a waiver for India to purchase Russian oil, amid shipping routes passing through the Strait of Hormuz being hampered.
In a post on X, Venugopal alleged that instead of standing up to the United States dictating terms, Prime Minister Narendra Modi was compromising India's energy sovereignty.
He gave the public and private players in the maritime sector the goal of placing India among the top ten shipbuilding nations by 2030 and among the top five nations by 2047.
Asian economies should strengthen policy frameworks and focus on stabilisation measures as the ongoing conflict in the Middle East threatens the region's energy, trade, and financial resilience, according to Albert Park, Chief Economist of the Asian Development Bank (ADB).
The bearish dominance returned to the Indian stock markets on Friday's opening session as both benchmark indices opened in the red, with rising crude oil prices continuing to influence investor sentiment.
Congress MP Jairam Ramesh on Friday cornered the Central government after US permitted Indian refiners to purchase Russian oil, which he believed is "American blackmail" on India.
Congress MP Manish Tewari on Friday questioned the Centre over sovereignty as the United States allowed a 30-day waiver for India to purchase Russian oil amid a crisis in the Gulf hampering shipping routes that pass through the Strait of Hormuz.
Mauritius Foreign Minister Dhananjay Ramful warned that the Middle East crisis has become a regional conflict impacting food and energy security. Speaking to ANI, he lauded India's maritime leadership in the Indian Ocean and reaffirmed Mauritius' legal sovereignty over the Chagos Islands
United States on Friday (local time) issued a temporary waiver allowing Indian refiners to continue purchasing Russian oil already stranded at sea for the next 30 days to enable oil to keep flowing into the global market.
Every USD 10 per barrel increase in global crude oil prices could reduce India's GDP growth by about 0.5 per cent and add pressure on economic activity, inflation and currency stability, given the country's heavy reliance on imported crude, Vandana Bharti, Research Head - Commodity, SMC Glob