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The Latest Breaking News from Narendra Modi

Rupee hits record low of 95.85/USD as energy risk worries deepen

The Indian rupee reached an all-time low on Thursday, driven by elevated oil prices and continuous foreign portfolio outflows. This has created strain on India's current and capital accounts, with the currency particularly vulnerable due to its heavy reliance on oil imports, especially if the Iran conflict persists.

The Economic Times

PM Modi to leave on five-nation tour tomorrow, discussions in UAE to also focus on strengthening energy security

Prime Minister Narendra Modi begins a five-nation tour tomorrow. The visit aims to strengthen India's ties with the UAE and four European nations. Discussions will focus on energy, defense, and technology. The tour includes the UAE, Netherlands, Sweden, Norway, and Italy.

The Economic Times

Bob Blackman calls on UK police to investigate ‘utterly depraved video’ targeting Modi

TOI correspondent from London: A British MP is calling on the UK police to investigate a video by an extremist group, which has resurfaced about a year later on social media, showing inflammatory content about Prime Minister Narendra Modi. The video has triggered outrage among the Indian diaspora.

The Times of India

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Modi’s toughest economic test may demand more than appeals

Prime Minister Narendra Modi faces economic headwinds. Appeals for reduced consumption of imported goods like oil and gold may not suffice. Allowing oil prices to rise or the rupee to depreciate could curb demand but risks inflation. Tax cuts on fuel offer an alternative to protect consumers. Addressing foreign investment…

The Economic Times

India, UAE set to ink energy pacts on LPG and strategic oil reserves on Friday

Prime Minister Narendra Modi embarks on a significant visit to the UAE and four European nations. Key agreements on energy security with the UAE are expected. The tour includes discussions on trade, investment, and strategic partnerships with the Netherlands, Sweden, Norway, and Italy. This trip aims to deepen India's global…

The Economic Times

Uttarakhand cabinet approves 'work from home', weekly 'no vehicle day' to save fuel

Uttarakhand Chief Minister Pushkar Singh Dhami chaired the cabinet meeting, where officials decided to reduce the vehicle fleets of the chief minister and all ministers by half. The state will also implement a new electric vehicle (EV) policy to promote sustainable transport.

The Economic Times

Central govt employees body seeks 'work from home', online meetings

A central government employees' association has urged the Centre to issue guidelines for work from home and virtual meetings. This follows Prime Minister Narendra Modi's call to cut avoidable expenditure amid the West Asia crisis. The association believes a structured framework will boost productivity and support a green secretariat.

The Economic Times

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PM Modi cuts down convoy size; BJP CMs, other leaders follow suit on his appeal for less fuel use

Prime Minister Narendra Modi has significantly downsized his convoy. This move follows his appeal for wise spending and fuel conservation. Several BJP chief ministers and leaders are now adopting similar measures. The focus is on reducing fuel consumption and dependence on imports. This initiative aims for efficient resource utilization without…

The Economic Times

India, UAE likely to sign pacts on LPG, Strategic Petroleum Reserves during PM Modi's UAE visit: Sources

Prime Minister Narendra Modi's upcoming visit to the United Arab Emirates will highlight energy security. Two significant agreements on Liquefied Petroleum Gas and Strategic Petroleum Reserves are anticipated. This cooperation is vital as the UAE exits OPEC+. The visit aims to strengthen bilateral ties and promote trade and investment. The…

The Economic Times

PM Modi urges Cabinet colleagues to spend wisely, cut down on fuel costs

Prime Minister Narendra Modi has called on his cabinet colleagues to reduce unnecessary spending. This includes cutting down on petrol use and limiting foreign trips. The Prime Minister himself has reduced his convoy size. These measures aim to conserve resources and reduce the import bill. The government emphasizes wise spending,…

The Economic Times

After PM Modi asked Indians to save fuel, Anupam Mittal made one surprising change for 500 Shaadi.com employees

Anupam Mittal is implementing a one-day-a-week work-from-home policy for his 500 employees, aiming to save approximately 30,000 liters of petrol annually. This initiative follows Prime Minister Modi's appeal for fuel conservation amidst global supply pressures. The move has sparked debate online regarding the potential of hybrid work to reduce fuel…

The Economic Times

Nitin Gadkari to cut convoy by 50 pc during two-day Maharashtra visit

Union Minister Nitin Gadkari is slashing his convoy by half during his Maharashtra visit, embracing Prime Minister Modi's call for fuel conservation and austerity. He'll travel by bus with officials and media to inspect pilgrimage routes, aiming to boost energy security and public convenience. This initiative aligns with broader efforts…

The Economic Times

Why Modi is asking people in India to stop buying gold

The unusual appeal from the prime minister has a direct impact on India’s foreign exchange reserves as the economy grapples with energy crisis and declining currency value, writes Namita Singh

The Independent UK

Gold volume growth may dip 10–15% after duty hike, say jewellers

India's gold and silver import duty hike may affect jewellery sales volumes initially. Industry leaders believe demand will stay strong due to gold's cultural and investment importance. Consumers might opt for lighter jewellery. The government aims to conserve foreign exchange and boost domestic gold recycling. Initiatives are underway to encourage…

The Economic Times

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The Economic Times

Russia to fulfil all agreements on energy supply to India: Russian FM Lavrov

Russian Foreign Minister Sergey Lavrov has assured India that energy supply agreements will be completed. He stated that relations between Russia and India are based on deep friendship. Lavrov praised Prime Minister Narendra Modi as an energetic leader. He pledged that unfair competition will not harm their energy deals.

The Economic Times

BJP sweeps Haryana municipal corporation polls, tastes victory in Hooda bastion

The Bharatiya Janata Party has achieved a significant victory in Haryana's municipal corporation elections. The party secured wins in Ambala and Sonipat, and holds a commanding lead in Panchkula. Celebrations erupted as BJP workers distributed sweets. Chief Minister Nayab Singh Saini attributed the success to public trust in Prime Minister…

The Economic Times

PM Narendra Modi's convoy reduced to just two cars, watch viral video

Prime Minister Narendra Modi has significantly reduced his convoy size to just two vehicles during recent domestic travel, a move also adopted by Union Home Minister Amit Shah. This austerity push, aimed at fuel conservation and sustainable practices, aligns with the PM's appeal for reduced fuel and gold consumption, prompting…

The Economic Times

Himachal Governor announces 'Petrol-Free Sundays' at Lok Bhawan amid fuel conservation push

Himachal Governor Kavinder Gupta has declared Lok Bhawan a Fuel Conservation Zone. Official vehicles using imported fuel will not operate on Sundays. The Governor will also forgo his official vehicle one day weekly, opting for electric transport or carpooling. Non-essential meetings will move online.

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The Economic Times

PM Modi's save fuel appeal: From Amit Shah to Rajnath Singh, these ministers are cutting down their convoy sizes

Prime Minister Narendra Modi's call for austerity is resonating across BJP governments. Union ministers and chief ministers are downsizing their convoys and cutting non-essential travel. This move aims to conserve fuel and promote responsible living amid global energy uncertainties.

The Economic Times

Manappuram Finance, IIFL Finance, other stocks rally up to 11% as gold prices soar after import duty hike

Shares of gold financiers Manappuram Finance, Muthoot Finance and IIFL Finance rallied sharply after the government raised import duty on gold to 15%, triggering a surge in domestic gold prices. Higher gold prices improve collateral value for gold loans, potentially boosting lending demand and benefiting companies focused on gold-backed financing…

The Economic Times

India rolls out new gold math with import duty hike. Who will foot the bill?

India has sharply raised import duties on gold and silver to 15% from 6% to curb demand, protect the rupee and preserve foreign-exchange reserves amid rising risks from the Middle East conflict. The move follows Prime Minister Narendra Modi’s appeal to avoid unnecessary gold purchases and foreign travel.

The Economic Times

Jewellery stocks take Rs 60,000 crore hit in 3 days on govt's double-blow. Is the worst behind?

Jewellery stocks have plunged up to 20% in three sessions, erasing nearly Rs 60,000 crore in investor wealth after PM Narendra Modi urged households to defer gold purchases and the government hiked import duties. The double blow has rattled sentiment, though analysts see no structural threat to India’s long-term gold…

The Economic Times

'Husbands support PM's no-gold buy appeal for a year' Memefest erupts over social media, check hilarious posts on 'gold rush'

Prime Minister Modi's call to reduce gold buying has sparked widespread online humor, with husbands across India celebrating the appeal. Social media is flooded with memes and jokes, portraying this as a long-awaited government endorsement for delaying expensive jewelry purchases and prioritizing savings.

The Economic Times

The 2013 ghost returns: Will higher gold duties actually restrict imports or just fuel the grey market?

India’s shock hike in gold and silver import duty to 15% has revived memories of the 2013 crisis. While the move aims to curb dollar outflows and stabilise the rupee, experts warn it may simply push more demand into the grey market, with limited impact on India’s structural gold appetite.

The Economic Times

Petrol, diesel price hike in India a matter of time if Middle East conflict persists: RBI Governor Sanjay Malhotra

India faces potential retail fuel price hikes if the Middle East conflict persists. RBI Governor Sanjay Malhotra indicated this possibility due to rising energy import costs and inflation risks. The government has already reduced duties and state refiners are absorbing losses. Prime Minister Modi urged citizens to conserve fuel. Oil…

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