Interim budget focuses on infrastructure development as well as welfare of the poor: Union minister V. Muraleedharan

How prepared is India for a global oil shock? Prime Minister Narendra Modi answered that question in Parliament, outlining a multi-layered fuel security strategy. With over 53 lakh metric tonnes of strategic crude reserves already in place and expansion underway, India is building a strong buffer against supply disruptions. The ongoing West Asia war has shaken global energy markets, but India is actively sourcing fuel from multiple channels to maintain steady supply. From boosting refining capacity to creating empowered groups to handle supply chain risks, the approach is both immediate and long-term. Modi also stressed that maintaining economic stability remains a top priority despite global turbulence. In a volatile world, India’s fuel strategy is now as much about preparedness as it is about resilience.