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    You are at:Home » Govt Assures Stability Amid West Asia Crisis

    Govt Assures Stability Amid West Asia Crisis

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    By Aditi on June 2, 2026 BUSINESS

    The Government of India has reassured citizens that essential supplies, food security, fuel availability, fertilizer stocks, and maritime operations remain stable despite the ongoing geopolitical tensions in West Asia. During an inter-ministerial media briefing in New Delhi, officials from multiple ministries outlined measures being taken to safeguard the economy and maintain uninterrupted supply chains.

    A key announcement was the approval of the Emergency Credit Line Guarantee Scheme (ECLGS) 5.0 by the Union Cabinet. The scheme aims to provide additional liquidity support to businesses affected by the West Asia crisis, with a targeted credit flow of ₹2.55 lakh crore, including ₹5,000 crore for the aviation sector. MSMEs will receive 100% credit guarantee coverage, while non-MSMEs and airlines will receive 90% coverage.

    The government highlighted that India’s food security remains strong, backed by record foodgrain production of 3,766 lakh metric tonnes (LMT) in 2025-26 and record pulses output of 274.09 LMT. Foodgrain stocks significantly exceed buffer norms, while prices of key commodities such as cereals, pulses, sugar, milk, onions, and potatoes remain stable.

    Officials also confirmed that fertilizer availability remains comfortable, with stocks exceeding 52% of the Kharif 2026 requirement. Additional imports and strong domestic production have further strengthened supply security.

    On the energy front, the government stated that adequate stocks of petrol, diesel, and LPG are available nationwide. Over 1.22 crore LPG cylinders were delivered in the last three days, and all refineries continue operating at high capacity. To shield consumers from rising global crude prices, excise duties on petrol and diesel have been reduced by ₹10 per litre.

    The Ministry of Ports, Shipping and Waterways reported that shipping services through the Persian Gulf and Red Sea remain operational. Indian ports are functioning normally, while all Indian seafarers in the region remain safe. The government urged citizens to avoid panic buying and rely only on official information.

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