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Back in Ladakh to rousing reception, Wangchuk calls for ‘give and take’ solution | India News

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Back in Ladakh to rousing reception, Wangchuk calls for ‘give and take’ solution

SRINAGAR: As hundreds of people gathered in Leh to welcome environmental activist and Leh Apex Body (LAB) member Sonam Wangchuk after his release from jail, he struck a conciliatory tone on Sunday, urging the Union govt to ensure that forthcoming talks with Ladakhi leaders are based on a “win-win” approach for both Ladakh and the Centre.While he emphasised on a “give and take” formula without mentioning the Sixth Schedule or statehood in his address to the gathering, at the same time, Wangchuk said he would continue his struggle, if needed.The reception was organised by LAB, which along with Kargil Democratic Alliance, is seeking statehood and a Sixth Schedule for the UT of Ladakh.“My fight was for Ladakh’s people, its culture, environment, for its rivers, flora and fauna, and glaciers. Their success is my success,” Wangchuk said, as people carried banners reading ‘Justice for Ladakh’, ‘Withdraw Sept 24 cases’, and ‘Ladakh will not forget its fallen heroes’, along with portraits of four people killed in the police firing in Leh on Sept 24 last year.Describing the movement as a “new dawn”, he said it was entering a “new phase”, but he called for “flexible steps”. He said he had been told the govt had acknowledged the Sept 24 firing as a mistake and was seeking to rectify it. He hoped that justice would be delivered in the case and those arrested would also be released.Wangchuk was arrested on Sept 26, 2025 under NSA and lodged in Jodhpur jail. Last week, MHA revoked his detention stating the govt remains committed to providing all necessary safeguards for Ladakh and hoped that the issues concerning the region will be resolved through “constructive engagement and dialogue”.The last round of talks took place on Feb 4, but remained inconclusive. Ladakhi leaders have sought another round of talks soon.Wangchuk said Ladakhi leaders will go for talks with hope that there is a win-win outcome, not otherwise, as is being rumoured in the region. Holding his cards close to his chest, Wangchuk said after forthcoming talks, Ladakhi leaders would again reach out to people across the country and convey whether the talks resulted in a “win-win or a lose-lose outcome”.

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Iran war not to end soon? Treasury’s Bessent says US has ‘plenty of money to fund this war’

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Iran war not to end soon? Treasury's Bessent says US has 'plenty of money to fund this war'

US treasury secretary Scott Bessent on Sunday said the United States has “plenty of money to fund” its war against Iran, asserting that President Donald Trump is keeping “all options on the table” amid the ongoing Middle East conflict.Speaking to NBC News, Bessent defended the administration’s actions, saying Trump acted within his legal authority. “President Trump was within his authority under the War Powers Act to initiate this action, and we actually now have plenty of money to fund this war. What we are doing is supplemental,” he said.“President Trump has built up the military as he did in his first term, as he is now doing in his second term, and he wants to make sure that the military is well supplied going forward,” he added.Earlier, Trump indicated that his administration may seek around $200 billion in additional Pentagon funding amid the war, calling it a “small price to pay” to maintain US military readiness. Speaking from the Oval Office, he said the funds would help ensure military superiority and denied any shortages of weapons.“We’re asking for a lot of reasons, beyond even what we’re talking about in Iran…Munitions in particular – at the high end, we have a lot, but we’re preserving it,” Trump had said.US Secretary of War Pete Hegseth also confirmed that the Pentagon plans to request additional funding from Congress to support ongoing operations and replenish stockpiles. “As far as USD 200 billion, I think that number could move, obviously. It takes money to kill bad guys,” Hegseth said, referring to operations under “Operation Epic Fury” against Tehran.Bessent stressed that the administration would maintain strategic ambiguity. “He is not going to give away what we are going to do. As President Trump always does, he is leaving all options on the table,” he added.The remarks come amid an escalating conflict that began on February 28 following joint US-Israeli strikes on Iran, triggering retaliatory attacks by Tehran on Israel and US-linked targets across the region, disrupting key shipping routes and impacting global energy markets.

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Koneru Humpy withdraws from Women’s Candidates, cites safety concerns | Chess News

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Koneru Humpy withdraws from Women’s Candidates, cites safety concerns
India’s Koneru Humpy (PTI Photo)

Top Indian Grandmaster Koneru Humpy has announced her decision to withdraw from the FIDE Women’s Candidates Tournament, citing personal safety and well-being as her primary concern. The tournament, which begins on March 28 at the Cap St Georges Hotel and Resort in Pegeia, Cyprus, is the only pathway to the Women’s World Championship match.

​Koneru Humpy post

Koneru Humpy post

Taking to X on Sunday, Humpy wrote, “After deep reflection, I have taken the difficult decision to withdraw from the FIDE Women’s Candidates Tournament. No event, no matter how important, can come before personal safety and well-being. Despite the assurances provided, I do not feel fully secure under the current circumstances. This is a painful but necessary decision, and I stand by it.” The 38-year-old veteran, who qualified for the Candidates after finishing runner-up at the 2025 Women’s World Cup, has previously expressed concerns about travelling amid ongoing tensions in the Middle East. While her withdrawal will allow the next eligible player, Anna Muzychuk, to take her place, it may have wider implications for Indian chess, both in terms of representation and potential financial penalties. FIDE regulations allow for fines up to €10,000 if a player withdraws without a satisfactory reason, though the final decision rests with the FIDE Council. With Humpy stepping back, India will still be represented in the Women’s Candidates by R Vaishali and Divya Deshmukh, while R Praggnanandhaa will lead the country in the open section. Humpy’s decision highlights the delicate balance elite players face between competitive ambition and personal security in uncertain times.

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Coal gasification to boost energy security and cut imports, says G Kishan Reddy

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Coal gasification to boost energy security and cut imports, says G Kishan Reddy
G Kishan Reddy (File photo)

Union coal and mines minister G Kishan Reddy on Sunday said coal gasification will play a critical role in enhancing India’s energy security, reducing import dependence and supporting industrial growth.The renewed push has gained urgency amid the ongoing Middle East conflict, which has led to a surge in global energy prices.Speaking at the Bharat Electricity Summit 2026, the minister described coal gasification as a transformative technology that converts coal into syngas, which can be used to produce cleaner fuels, chemicals, fertilisers and hydrogen, as reported by PTI.He said the approach would enable more efficient and sustainable utilisation of domestic resources while strengthening economic resilience.Reddy highlighted India’s dependence on energy imports, noting that the country imports about 83 per cent of its crude oil requirements, 50 per cent of natural gas and more than 90 per cent of methanol and fertilisers, making energy security a strategic priority.To promote adoption of the technology, the Centre has launched the National Coal Gasification Mission with a target of achieving 100 million tonnes of coal gasification by 2030.“…. An incentive framework of Rs 8,500 crore has been introduced to support public and private sector projects, with several large-scale initiatives already underway and investments exceeding Rs 64,000 crore in the pipeline,” he said.The minister also pointed to advanced technologies such as Underground Coal Gasification, which can help tap previously inaccessible reserves while lowering environmental impact.Calling for greater collaboration, Reddy said coal gasification spans multiple sectors including power, oil and gas and fertilisers, and requires a coordinated ecosystem involving industry, academia, start-ups and research institutions.He reiterated the government’s commitment to streamlined approvals, supportive policies and incentives to encourage early participation and investment.Expressing confidence in India’s potential, the minister said that with innovation, indigenous technology development and coordinated efforts, the country can emerge as a global leader in clean coal technologies while advancing energy security, sustainability and self-reliance.

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Vedanta moves NCLAT, challenges NCLT nod to Adani’s bid for acquiring Jaiprakash Associates

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Vedanta moves NCLAT, challenges NCLT nod to Adani's bid for acquiring Jaiprakash Associates

Business conglomerate Vedanta Group has approached the National Company Law Appellate Tribunal (NCLAT), challenging the NCLT’s approval to Adani Group‘s bid for acquiring Jaiprakash Associates Ltd for Rs 14,535 crore. Anil Agarwal-led Vedanta Group was in the race to acquire Jaiprakash Associates Ltd (JAL) through an insolvency process, but the lenders in November last year approved the resolution plan or bid of Adani Enterprises Ltd. On March 17, the National Company Law Tribunal (NCLT), Allahabad bench, approved Adani Enterprises Ltd’s Rs 14,535 crore bid to acquire Jaiprakash Associates Ltd (JAL) through the insolvency process. In a regulatory filing, JAL had informed that the NCLT, Allahabad bench, has “orally pronounced an order on March 17, 2026” approving the resolution plan submitted by Adani Enterprises Ltd. Now, mining giant Vadanta has filed an appeal against the said NCLT order before the appellate insolvency tribunal NCLAT. The matter is listed for hearing on Monday before a two-member bench comprising Chairperson Justice Ashok Bhushan and Member (Technical) Barun Mitra. In November last year, a Committee of Creditors (CoC) approved the resolution plan by business tycoon Gautam Adani to acquire JAL. Adani Enterprises had outbid Vedanta and Dalmia Bharat to win the bid for JAL. Adani got the maximum 89 per cent votes from creditors, followed by Dalmia Cement (Bharat) and Vedanta Group. The committee of creditors (CoC), however, defended their decision, saying the process complied with all insolvency and Bankruptcy Code (IBC) rules. They maintained that no bidder has a guaranteed right to win, even if it offers the highest value. They said plans were evaluated on multiple factors, including upfront cash, feasibility, and execution, not just headline value. Adani’s bid was preferred as it offered around Rs 6,000 crore upfront and faster payments within two years, compared with Vedanta’s longer payment timeline of up to five years. Lenders also rejected Vedanta’s revised offer, saying it was submitted after bidding had closed and accepting it would require restarting the process. They added that all bidders were given equal opportunity and multiple chances to improve their bids. JAL, which has high-quality assets and business interests spanning real estate, cement manufacturing, hospitality, power and engineering & construction, was admitted to the CIRP in June 2024 after it defaulted on payments of loans aggregating Rs 57,185 crore. JAL has major real estate projects like Jaypee Greens in Greater Noida, a part of Jaypee Greens Wishtown in Noida (both on the outskirts of the national capital), and the Jaypee International Sports City, located near the upcoming Jewar International Airport. It also has three commercial/industrial office spaces in Delhi-NCR, while its hotel division has five properties in Delhi-NCR, Mussoorie, and Agra. JAL has four cement plants in Madhya Pradesh and Uttar Pradesh, and a few leased limestone mines in Madhya Pradesh. It also has investments in subsidiaries, including Jaiprakash Power Ventures Ltd, Yamuna Expressway Tolling Ltd, Jaypee Infrastructure Development Ltd, and several other companies.

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‘Pop a pill and carry on’: The workplace silence on India’s menstrual leave debate | India News

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'Pop a pill and carry on': The workplace silence on India's menstrual leave debate

Is it that time of the month? No issues. Pop a pill and get to work with a hot water bag! It sounds casual, almost harmless. But behind this everyday remark lies a deeper reality, one that millions of women silently go through every month.Modern work life is designed around a predictable, almost mechanical rhythm, but a woman’s body doesn’t follow the clock.A typical day for a man begins with waking up, moving through structured hours of productivity, peaking somewhere in the middle, and gradually winding down before sleep. The cycle repeats, day after day, with little room for deviation.But for women, the body does not always comply with this uniform pattern.Instead, it operates on a hormonal cycle that fluctuates across the month with energy levels rising and falling. Physical strength and emotional resilience ebb and flow. And yet, the expectation remains unchanged.Show up, perform, deliver. There is no pause button!Fatigue, mood shifts, and slight discomfort during menstruation are often considered natural. But intense, debilitating pain? That is not supposed to be “so normal.”And yet, it has become so common that it is often dismissed. Still, the response society expects is remarkably simple. Pretend nothing is happening!

What is menstruation?

Menstruation is a biological process in which the inner lining of the uterus sheds when an egg released during ovulation is not fertilised. This leads to the discharge of blood and tissue through the cervix and vagina, typically at monthly intervals.The first menstrual cycle, known as menarche, usually occurs between the ages of 8 and 15. On average, cycles repeat every 28 days, though variations are common.For some women, menstruation is not just a few days of discomfort, but also conditions like PCOD (Polycystic Ovarian Disease) or PCOS (Polycystic Ovary Syndrome) that can lead to severe cramps, irregular cycles, prolonged bleeding, and hormonal imbalances.As Sneha Srivastava noted, “Every woman’s body is different. While some may experience minimal discomfort, others go through intense pain, nausea, and fatigue.” On a personal note, she added, “I have experienced significant discomfort due to PCOS. My periods can last for more than three weeks… managing this while working can be extremely challenging.”Tithi Pramanik from Odisha echoes the reality saying, “I have PCOD and experience severe cramps during my periods.” Yet workplaces rarely accommodate this spectrum of experience.

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The menstrual leave debate in India

Most working women already know the unspoken rules.You go to work despite cramps that make it difficult to sit upright. You continue meetings through waves of nausea. You push through fatigue that clouds your concentration. Because acknowledging the pain feels risky.Ask for leave, and you may be seen as unreliable. Take time off, and you might miss opportunities. Speak openly about menstrual symptoms, and you risk being labelled “difficult.” So the safer option becomes silence.The idea of menstrual leave, time off granted to women during their periods has increasingly entered discussions around workplace rights, gender equality, and employee welfare.But, Should India have a nationwide law mandating menstrual leave?On March 13, the Supreme Court of India declined to entertain a public interest litigation seeking a uniform policy for menstrual leave across workplaces and educational institutions.

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The court did not dismiss the issue outright but raised concerns about potential unintended consequences.The bench observed that making menstrual leave compulsory could discourage employers from hiring women. As Chief Justice Surya Kant noted during the hearing, “Voluntarily given is excellent. The moment you make it compulsory in law, nobody will give them jobs.”The court also warned that such a policy might reinforce stereotypes, portraying women as less productive or less reliable.Another point raised was that such decisions fall within the domain of policymakers, not the judiciary. The court suggested that the government should examine the issue after consulting stakeholders.

Will such a policy make employers hesitant to hire women?

For some, the solution may not lie in a strict leave policy.Raveena Newatia, a communications manager from Gurugram, said, “There might be a widespread belief that this would affect work so employers might,” acknowledging the hesitation that often surrounds such policies.“Although on the basis of right judgements and awareness, this could be changed in the longer run,” she added. Recalling her own experience and discomfort, Raveena said, “I have faced discomfort working and sitting on a chair in the office, and not being able to lay my back on a hot water bag even when desperately needed.”“I still believe that Work from Home norms or mobility flexibilities could be considered by the Supreme court in issuing some mid-solution law so that even the work doesn’t compromise and the females also don’t have to suffer at least physically,” she added.Ranjit, a Delhi-based entrepreneur, suggests flexibility saying, “I do not fully agree with the Supreme Court’s decision. Companies should at least be made to offer options like work from home and flexible working hours.”Ajit, a college professor from Gujarat, questions the logic of making such support optional. “How can a legal right be optional? Does that make sense? Women should have a choice whether to take the leave or work.”

Women should have a choice whether to take the leave or work.

Ajit, a college professor

“Discrimination comes in all forms and sizes in society. Some employers might hesitate to hire women, at least initially, but I believe it’d quickly become clearer to them that better employee care translates into better output,” he added.Further addressing concerns that such policies might discourage employers from hiring women, Biswarupa Das, a PhD scholar in HR studies said, “honestly, in a time when organisations are implementing measures towards sustainable workplaces and acknowledging diverse needs, this shouldn’t even be a question.”“The focus should shift from seeing this as a ‘cost’ to responding with empathy and understanding. Women already take leave when the pain becomes physically and mentally overwhelming, it was just not always acknowledged openly.”“I don’t believe employers will hesitate, because an employee’s calibre cannot be judged on the days she is struggling with something she hasn’t chosen, it’s simply a part of biology,” she added.Not everyone is convinced that menstrual leave as a labelled policy is the right approach.Pankaj Jha, senior manager at an insurance firm said, “I think the idea of menstrual leave sounds progressive on the surface, but it’s worth asking why it hasn’t been widely adopted in developed countries like the US, UK, or Germany.”He points to a deeper issue: privacy. He said, “There is still significant stigma around menstruation, especially in smaller towns and cities. In such an environment, formally labeling a leave as “menstrual leave” could unintentionally expose women to judgment or ridicule.”“I’ve personally observed situations where women taking such leave became the subject of insensitive remarks by male colleagues behind their backs,” he added.

How do you define eligibility? What about women who have reached menopause, or those who experience only mild discomfort?

Pankaj Jha, senior manager at an insurance firm

Jha also noted that there are practical challenges in the implementation of such laws. “How do you define eligibility? What about women who have reached menopause, or those who experience only mild discomfort?” he said. He suggested a more nuanced approach by integrating menstrual leave within existing sick leave policies rather than creating a separate category.“Instead of introducing a separate, labeled category, I believe a more inclusive and respectful approach would be to incorporate it within existing sick leave policies, give women a couple of extra sick leaves per month,” he added.But on the ground, the reality is different. For many women, the debate is not theoretical, It is physical!As Tithi Pramanik said, “In my previous company, my manager said he would not hire women because of these issues.”“That’s why I feel making menstrual leave mandatory could increase bias and discourage employers from hiring women,” she added.As, Sneha Srivastava argued that leaving menstrual leave optional often defeats its purpose. “When something is optional, many women hesitate to avail it, often fearing judgment or being perceived as less committed at work,” she said.

A medical perspective: Do women really need leave?

Adding another layer to the debate, obstetrician and gynaecologist Nimmi Rastogi offers a clinical viewpoint.“Menstruation is a normal biological process. It is not a disease. It is not even a period of incapacitation. It is simply a reflection of how a woman’s physiology works,” Dr Nimmi said.While acknowledging that some women experience severe symptoms, she cautions against generalising, saying “It is true that some women experience PMS, pain, dysmenorrhea, clotting or heavy bleeding, but this is not the case for everyone. So, I don’t think it is a good idea to mandate menstrual leave.”Her advice is counterintuitive to many: stay active!

Medically, staying active actually helps ease most symptoms. We usually encourage patients to remain active and not refrain from work, school or studies. Even simple movements like walking can reduce pain.

Gynaecologist Nimmi Rastogi

“Medically, staying active actually helps ease most symptoms. We usually encourage patients to remain active and not refrain from work, school or studies. Even simple movements like walking can reduce pain,” she said. “If you lie down or remain sedentary during periods, it can be counterproductive for your health,” she added.For her, work itself can help. “Working is a good distraction. Symptoms like mood swings, PMS and irritability can be relieved through physical activity and engagement,” she said.

What most men think?

Iqbal Singh said, “Leave must be there because I have seen my wife bearing lots of pain and cramps. The story is different for every girl, but also seen some people are not cooperating towards it, when women really need a policy decision like this.”Hadi Khan echoes the same sentiment and said, “I’ll be honest, I do think menstrual leave is necessary. For women, periods aren’t just a minor inconvenience. They can be physically draining, sometimes even debilitating.”Yet, he also acknowledges the dilemma saying, “Yes, I do think that’s a real possibility that employers might hesitate to hire women if such a policy is enforced.”“Even if it’s not openly admitted, some employers might quietly factor it into their hiring decisions. In competitive or cost-sensitive industries, there’s often a tendency to view anything that could affect productivity or increase compliance requirements as a drawback,” he added.Shubhanshu Dwivedi frames it more sharply saying, “Menstrual leave is a basic workplace support measure and not a privilege.”“The argument that such a policy may discourage hiring rests on accepting discrimination as a given. That is a slippery position,” he added.

The cultural silence and stigma

The challenge is not just policy, it is also cultural. But how can one go and seek menstrual leave when we don’t even speak about menstruation in the open!In many parts of India, menstruation remains a taboo subject. Women are often discouraged from speaking about it openly. In some households, restrictions still exist.Pari (name changed) from Assam describes her reality, “On the three days of my period, I sit and sleep on the floor. I eat on a separate plate as I am not allowed to enter the kitchen or touch any utensil or other furniture. I do not touch any male member be it my father, brother or husband. These customs have been followed for a very long time in my household and me, my mother and sister have applied the same in our lives.”Yash Sonkar further points to a lack of awareness, saying, “Menstruation isn’t even properly explained in our school curriculum… teachers skip the chapters at times.”

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Even basic products like sanitary napkins are often wrapped discreetly, reinforcing the idea that menstruation is something to hide.Interestingly, menstruation was not always viewed this way.In ancient India, it was often associated with fertility, renewal, and the cycles of nature. Some traditions even treated it as a time for rest and reflection.Over time, however, colonial influences, patriarchal interpretations, and cultural shifts transformed this perception into one of impurity and shame.What was once a period of care became a period of silence.

Global and Indian policy landscape

Globally, countries like Japan, Spain, South Korea, and Indonesia have menstrual leave policies.But even there, challenges remain.As Pankaj Jha points out, “Even in places like Japan, menstrual leave is often unpaid, which raises questions about how effective or empowering it truly is.” In India, efforts are scattered. Some states and companies have introduced policies, but there is no unified national framework.

The productivity paradox

There is a growing body of research suggesting that workplaces with better gender inclusion perform better overall. Companies with more diverse leadership often show stronger financial and governance outcomes.In simple terms, when women are supported, they deliver. So the real question is not whether menstrual leave reduces productivity.It is whether ignoring biological realities is sustainable in the long run.

Rethinking the workplace?

Imagine a different system. A workplace that acknowledges biological differences instead of ignoring them. One where women can align tasks with their natural energy cycles, high-focus work during peak phases, lighter tasks during physically demanding days.A system where taking care of health is not seen as a weakness, but as part of being human. Biswarupa captures this sentiment saying, “Menstrual leave is absolutely necessary. Such leaves would be a meaningful step towards acknowledging what all the women go through silently.” The debate on menstrual leave is not just about policy. It is about recognition. Recognition that biology is not uniform. For now, the Supreme Court of India has left the matter to policymakers. But the conversation is far from over.Because every month, across offices, classrooms, factories, and homes, millions of women continue to work through pain, quietly, invisibly, and without acknowledgment.

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Will Trump’s 48-hour ultimatum to Iran leave him red-faced again?

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Will Trump's 48-hour ultimatum to Iran leave him red-faced again?

As President Donald Trump’s 48-hour deadline ticks down, Tehran has responded to his threat to “obliterate” Iranian power plants with a threat of its own — and shown no signs of backing down. Iran’s Revolutionary Guards have now declared that energy facilities in countries hosting US bases will be “lawful targets” if Trump follows through.Writing on Truth Social, Trump warned he would “hit and obliterate” Iran’s power plants “starting with the biggest one first” unless Tehran fully reopened the Strait of Hormuz by 23:44 GMT on Monday. Around 20% of the world’s oil passes through the narrow waterway, which has been effectively blocked since the US and Israel launched attacks on Iran on Feb. 28.Iran showed no sign of backing down on Sunday as Col. Ebrahim Zolfaqari, spokesman for Iran’s Khatam al-Anbiya military command, warned, “If Iran’s fuel and energy infrastructure is attacked, then fuel, energy, information technology systems and desalination infrastructure used by America and the regime in the region will be struck.”Parliament speaker Mohammad Bagher Ghalibaf threatened to destroy critical infrastructure across the region irreversibly.“Immediately after the power plants and infrastructure in our country are targeted, the critical infrastructure, energy infrastructure, and oil facilities throughout the region will be considered legitimate targets and will be destroyed in an irreversible manner, and the price of oil will remain high for a long time,” he posted on X.The war, now in its fourth week, has already spread beyond Iran’s borders. Iran targeted a joint UK-US base in the Indian Ocean on Saturday, while nuclear sites in both Iran and Israel were struck. The death toll has risen to more than 1,500 in Iran, over 1,000 in Lebanon, 15 in Israel and 13 US military members, with millions displaced across the region.Now, with the clock running down, the question is whether Trump’s ultimatum will hold — or hand Tehran a win. For a president who came to power vowing to avoid “stupid” wars, the conflict he helped set in motion now risks slipping beyond his control. His administration’s messaging has been openly contradictory- talking de-escalation while deploying three more amphibious assault ships and roughly 2,500 additional Marines to the region. The US attacked Iran’s Natanz nuclear facility again, even as Tehran had clearly warned against any strikes on its energy infrastructure.Trump has repeatedly called on China, Japan and NATO to help clear the strait. None have moved.The economic pressure at home is real. Gas prices have risen 93 cents per gallon and US crude oil is up more than 70% since the start of the year. In a paradox, the Trump administration has quietly begun easing restrictions on Iranian crude, allowing allies to buy the very oil that funds Tehran — the resource it is simultaneously trying to cut off.Iran’s top diplomat has made clear what any path to peace would require “guarantees” that the US and Israel won’t attack the Islamic Republic again, and assurances that its “sovereignty and national security won’t be violated.” The comments came in a phone call with EAM Jaishankar on Saturday.

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Gold, silver rate outlook: Precious metals may see mild rebound after sharp correction; PMI data, crude oil to guide trend

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Gold, silver rate outlook: Precious metals may see mild rebound after sharp correction; PMI data, crude oil to guide trend

Precious metal prices may stabilise and witness a mild recovery next week after a steep correction, although the upside could remain capped due to elevated interest rates and a firm US dollar, analysts said.Market participants are expected to track key macroeconomic indicators, including provisional manufacturing and services PMI readings from the US, UK and Japan, as well as consumer sentiment data and jobless claims for direction.Traders will also closely watch crude oil price movements for further cues amid concerns over inflation and monetary policy, reported PTI.“In the week ahead, gold price may see some consolidation and slight recovery before prices make their next move either side,” Pranav Mer, Vice President, EBG – Commodity & Currency Research at JM Financial Services Ltd, said.Domestic precious metal prices recorded sharp losses last week. On the Multi Commodity Exchange, silver fell by Rs 32,663, or 12.59 per cent, to settle at Rs 2.26 lakh per kilogram, while gold declined by Rs 13,974, or 8.82 per cent, to close at Rs 1.44 lakh per 10 grams.Mer said the correction in gold prices continued through the week, with domestic prices slipping below Rs 1.45 lakh per 10 grams, reflecting a fall of about 9-9.5 per cent.The sell-off gathered pace mid-week after policy signals from major central banks — including the US Federal Reserve, Bank of Japan, Bank of England and the European Central Bank — highlighted concerns over rising crude oil prices and inflationary pressures, suggesting that monetary easing may not materialise soon.In global markets too, precious metals saw notable declines. Silver futures on Comex dropped by $11.68, or 14.36 per cent, to $69.66 per ounce, while gold fell by $486.8, or 9.6 per cent, to $4,574.9 per ounce over the week.NS Ramaswamy, Head of Commodity & CRM at Ventura, said gold may trade in a moderately bearish to sideways range in the coming weeks, with prices likely to stabilise after the sharp fall but remain susceptible to volatile intraday swings.He noted that the strong US dollar, hovering around the 99–100 range, and elevated interest rates continue to weigh on gold’s recovery prospects.The US Federal Reserve’s pushback against expectations of rate cuts, along with rising energy costs complicating inflation control, has led markets to push out hopes of monetary easing to 2026, reducing the appeal of gold as a safe-haven asset, Ramaswamy said.However, he added that global central banks are unlikely to change their long-term gold accumulation strategies, indicating that structural demand for the metal remains intact.Geopolitical developments have provided limited support to prices, though gold continues to act as a safe-haven asset, offering a cushion to downside risks.Seasonal demand from the upcoming wedding season and festivals such as Akshaya Tritiya may also support domestic prices in the near term.

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Sri Lanka increases fuel prices around 25% as Middle East tensions disrupt global oil supplies

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Sri Lanka increases fuel prices around 25% as Middle East tensions disrupt global oil supplies

Sri Lanka on Sunday raised fuel prices by around 25 per cent, marking the second increase within a week as the ongoing Middle East conflict continues to disrupt global energy markets, news agency PTI reported.The price revision, effective from midnight, comes as tensions triggered by joint US–Israel strikes on Iran and retaliatory action by Tehran have spread across the Gulf region, leading to the closure of the Strait of Hormuz — a key global energy transit route.According to official announcements, the price of auto diesel rose 26.1 per cent from Sri Lankan rupees (LKR) 303 to LKR 382 per litre, while super diesel increased 25.5 per cent from LKR 353 to LKR 443. Petrol 92 octane climbed 25.6 per cent from LKR 317 to LKR 398, petrol 95 octane rose 24.7 per cent from LKR 365 to LKR 455, and kerosene jumped 30.8 per cent from LKR 195 to LKR 255.This is the third fuel price hike since March 1 and comes as the conflict, which has unsettled global oil markets, entered its fourth week.With the latest revision, retail fuel prices in Sri Lanka are set to return close to levels seen during the 2022 economic crisis, when the country declared its first-ever sovereign default since independence in 1948. The unprecedented financial turmoil at the time forced then president Gotabaya Rajapaksa to resign amid widespread civil unrest.The steep increase has sparked concern among transport operators. Non-state bus owners warned that up to 90 per cent of their fleet could be taken off the roads unless fares are revised.“This is the biggest rise of diesel ever. We will not be able to operate buses without an adequate fare revision. We need a minimum 15 per cent fare hike to stay afloat,” Gamunu Wijeratne, chairman of the Lanka Private Bus Owners’ Association, told reporters.The association threatened a nationwide strike if authorities fail to announce a scheduled fare revision.Responding to the developments, the National Transport Commission (NTC) said the latest diesel price increase, when applied to its fare formula, translates into a rise of more than 10 per cent in current bus fares. NTC Director General Nilan Miranda said Cabinet approval is expected on Monday to implement revised fares, according to media reports.Private operators account for about 65–75 per cent of the island nation’s public transport fleet, while the state-run share stands at around 25–35 per cent.Three-wheeler taxi operators, many of whom use petrol vehicles dominated by India’s Bajaj brand, said the price of commonly used petrol had risen to nearly LKR 400 per litre.“Who would want to ride with us at this rate?” a three-wheeler driver said, as quoted news agency PTI.Apart from state-owned Ceylon Petroleum Corporation (CPC), fuel retailing in Sri Lanka is also carried out by Lanka IOC — a subsidiary of IndianOil –as well as China’s Sinopec and Australia’s United Petroleum. Following CPC’s decision, LIOC and Sinopec also revised their retail fuel prices, media reports said.Opposition leaders criticised the government’s tax policy, claiming that authorities collect about LKR 119 per litre of petrol and LKR 93 per litre of diesel in taxes. They demanded that these levies be scrapped to provide relief to consumers.Analysts warned that the fresh fuel price hike could push inflation higher by 5–8 per cent.Earlier, government spokesman and minister Nalinda Jayatissa said that despite the price revisions, the government continues to bear a monthly subsidy burden of around Rs 20 billion by subsidising diesel by Rs 100 per litre and petrol by Rs 20 per litre.He said that without the revision, the state would have faced an additional financial burden of approximately $1.5 billion. Jayatissa urged the public to consume electricity and fuel “mindfully” and warned against hoarding, calling on citizens to report any such attempts.

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Jannik Sinner faces unexpected drama in Miami Open win as fan disrupts Damir Dzumhur and sparks apology | International Sports News

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Jannik Sinner faces unexpected drama in Miami Open win as fan disrupts Damir Dzumhur and sparks apology
Jannik Sinner and Damir Dzumhur (Image Via Getty)

Jannik Sinner started his 2026 Miami Open run with a calm win, but the match did not stay simple for long. On March 21, at the main stadium court in Miami, the Italian beat Damir Dzumhur 6-3, 6-3. The score looked easy, but there was a strange moment in the middle that caught everyone’s attention. A fan from the crowd kept shouting, and it began to affect the players on court.The situation quickly turned tense. Even though the fan seemed to support Jannik Sinner, the way he was shouting disturbed Damir Dzumhur during points. Both players looked uncomfortable. The chair umpire had to step in, and for a few minutes, the match felt more about the crowd than the tennis. After the match ended, Sinner showed respect by apologizing to his opponent for what had happened.

Jannik Sinner and Damir Dzumhur face disruption as crowd incident forces umpire intervention

The incident happened during an important stage of the match. Damir Dzumhur first raised the issue. He pointed out a fan in a green shirt and told chair umpire Renaud Lichtenstein that the shouting was affecting him. Jannik Sinner also agreed that the fan’s behavior was not right, even if it sounded like support.Renaud Lichtenstein then spoke to the match supervisor during the game. He said, “Damir is upset with the guy with the green shirt and Jannik is telling me he’s baiting on the back. I don’t know what we should do. Maybe we could talk to him to relax.” The supervisor replied, “We’ve got security on the way. So… I think he’s just an idiot.”Security was sent to handle the situation, and the match continued without further trouble. Still, the moment stayed in focus. When the match ended and both players met at the net, Jannik Sinner took a moment to say sorry to Damir Dzumhur. It was a small gesture, but it showed his sportsmanship.Apart from the incident, Sinner’s performance was strong. With this win, he reached 24 straight sets won at ATP Masters 1000 events, matching a record once set by Novak Djokovic. Speaking after the match, he said, “I feel like the scoreboard matters at times. For me, I try to improve as a player and put myself in the position to play as many matches as possible. I always treat every opponent in the same way, trying to come on court and do my best with a great attitude and trying to go for it.” Sinner will now face Corentin Moutet in the next round, where he has a chance to break that record.

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