Finance Minister Nirmala Sitharaman has warned that the prolonged US-Iran conflict is beginning to impact India’s economy, with pressure mounting on fuel prices, fertiliser subsidies, and foreign exchange reserves. Speaking at SIDBI’s foundation day event, Sitharaman said the government was closely monitoring the “3Fs” — fuel, fertiliser, and forex — as global crude and fertiliser prices surge. The minister highlighted that the conflict could lead to higher import costs and strain the country's fiscal balance.
West Bengal Opens First Holding Centre for Illegal Foreign Nationals
The BJP government in West Bengal has operationalised its “detect, delete, and deport” policy, with Malda becoming the first district to set up a holding centre for suspected illegal foreign nationals. Officials said nine suspected Bangladeshi nationals, including women and minors, are currently housed at the facility in English Bazar under tight security. The centre aims to process and deport individuals residing illegally in the state.
Congress to Decide Karnataka Leadership in 2-3 Days
The Congress high command is expected to take a call on the ongoing leadership speculation in Karnataka within the next two to three days, according to party sources cited by news agency ANI. The development comes ahead of Chief Minister Siddaramaiah’s meeting with party leaders in Delhi amid renewed buzz over a possible leadership change. Deputy Chief Minister DK Shivakumar is also seen as a contender for the top post.
Iran Demands Release of $12 Billion Frozen Assets Before US Talks
Iran is demanding the immediate release of $12 billion in frozen assets held in Qatar before moving forward with negotiations with the US. As per reports, Tehran wants part of its blocked funds released at the initial stage of any memorandum of understanding, while insisting all frozen assets worldwide should eventually be unfrozen under a broader deal. The demand comes amid stalled nuclear talks.
Three Rebel AIADMK MLAs Resign After Backing TVK Government
Three rebel AIADMK MLAs in Tamil Nadu submitted their resignations to Speaker JCD Prabhakar after supporting the Tamiliga Vettri Kahagam government during the recent confidence vote. The legislators — S Jayakumar, Maragatham Kumaravel, and P Sathyabama — are reportedly set to be accommodated by TVK in the upcoming bypolls. Their resignations further weaken the AIADMK's position in the state assembly.
