Brief by Shorts91 Newsdesk / 12:09pm on 25 May 2026,Monday India
Union Finance Minister Nirmala Sitharaman on Monday said India must closely monitor fuel, fertiliser and foreign exchange reserves as the US-Iran conflict pushes up global prices and affects domestic markets. Speaking at the SIDBI anniversary event in Mumbai, Sitharaman said fertiliser prices had reached “unimaginable levels” while rising crude oil prices were increasing pressure on India’s economy. Petrol and diesel prices have been raised four times in less than two weeks. The finance minister said the Centre had absorbed a revenue impact of over Rs 1 lakh crore through excise duty cuts. She also urged timely payments to MSMEs facing working capital stress. (PC: NDTV)
