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Oil Prices Have Receded, But Too Soon To Sound 'All Clear': FinMin

Kashmir Observer

JUNE 28, 2025 ISSUE

The higher oil prices triggered by a brief Israel-Iran war have come down, but it is too soon to sound the "all clear" for the rest of the year, said a finance ministry report on Friday.

- Press Trust Of India

The ministry's monthly economic review also stressed that with no major imbalances in the macro aggregates, a subdued inflation rate combined with a growth-supportive monetary policy stance, India's macroeconomic health is in a relative goldilocks situation.

The brief Israel-Iran war, followed by the US intervention, pushed the price of crude oil sharply higher, it noted.

"Its persistence would have threatened India's growth and fiscal outlook in the current financial year. Thankfully, there is a ceasefire, and oil prices have retreated sharply," the ministry said.

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Kashmir Observer

Peaceful, Incident-Free Republic Day Our Priority: DGP

Director General of Police (DGP), Nalin Prabhat on Thursday reviewed the security situation and anti-terror operations in the southern districts of the Valley, and stressed the need for heightened alertness to ensure peaceful and incident-free Republic Day celebrations.

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JANUARY 23,2026 ISSUE

Kashmir Observer

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JANUARY 23,2026 ISSUE

Kashmir Observer

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1 mins

JANUARY 23,2026 ISSUE

Kashmir Observer

CM Chairs Cabinet Meet, Okays Excise Policy No New Liquor Vends, Rs 127 Cr Revenue Target

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1 min

JANUARY 23,2026 ISSUE

Kashmir Observer

Bangladesh Shun India Matches, Still Seek ICC Justice

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1 mins

JANUARY 23,2026 ISSUE

Kashmir Observer

Fresh Encounter Breaks Out In Kishtwar

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1 min

JANUARY 23,2026 ISSUE

Kashmir Observer

Dal Lake Teen Kayaker Mohsin Ali Eyes Olympic Dream

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JANUARY 23,2026 ISSUE

Kashmir Observer

Rice Rolls In Anantnag Welcomes Its First Full Goods Train

Northern Railway's Jammu Division transported a 42-BCN goods rake loaded with rice to Anantnag from Sangrur (Punjab) in 24 hours, boosting freight movement in the valley, an official said on Thursday.

1 min

JANUARY 23,2026 ISSUE

Kashmir Observer

Two Private Schools Booked for Functioning from Same Campus

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JANUARY 23,2026 ISSUE

Kashmir Observer

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1 min

JANUARY 23,2026 ISSUE