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FISME urges SIAM to share rising input cost burden with MSME vendors | Economy & Policy News

The Federation of Indian Micro and Small & Medium Enterprises (FISME) has written to the Society of Indian Automobile Manufacturers (SIAM) seeking equitable sharing of extraordinary cost escalations faced by its micro, small and medium enterprises (MSME) auto component suppliers, amid sharp increases in wages, energy prices, and raw material costs due to the…

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Strait of Hormuz Crisis Disrupts 18.4 Million bpd Oil, 110 bcm LNG Trade, Driving Brent Above $100 and Exposing Global Energy Vulnerabilities

The crisis is reverberating across Asia, Europe and developing economies heavily reliant on imported fuel. The report noted that around 84 per cent of crude oil and more than 80 per cent of LNG passing through Hormuz is destined for Asian markets, making the region especially vulnerable. Countries including Sri Lanka, Pakistan, Bangladesh, India and…

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