Piyush Kulshreshtha

🇮🇳India just cut its oil demand growth forecast by 40%. The Hormuz crisis is now hitting the world's fastest-growing major economy. India's refined products demand growth from 128 kbd to just 77 kbd in 2026. Crude prices are $30/bbl higher than before the Iran war. The rupee is weaker. Pump prices up ₹7.5/litre for petrol and diesel. India imports 85% of its crude every dollar counts. The austerity response is real: → Government urging carpooling, work-from-home, public transport → Modi asking citizens to postpone overseas travel and gold purchases for a year → Gold import duties raised from 6% to 15% → FX reserves down from $728B to $691B in 6 weeks India is managing a balance of payments crisis triggered by an energy shock it didn't start. 70% of crude imports now routed outside Hormuz up from 55% before the crisis. Sourcing from 40+ countries. Russia still over 1/3 of total imports. The diversification is real but expensive. Longer routes mean higher freight costs on top of higher prices. Modi is targeting $100B in domestic exploration by 2030. Nearly 1 million sq km of previously restricted offshore zones now open for drilling. India is using the crisis to accelerate energy independence. But that's a 2030 story. Right now, it's paying the price. The world's most important demand growth story just downgraded by 40%. That's what a closed Hormuz does to an economy that runs on imported oil.

🚨Bengal’s First Oil Field Finally Set for Production After Years of Delay, Ashoknagar Oil Field Can Produce 240 Million Barrels Oil. After years of political deadlock, regulatory uncertainty, and stalled industrial momentum, West Bengal’s first major oil field is finally moving toward production. The Ashoknagar Oil Field, discovered by Oil and Natural Gas Corporation in 2018, is now being positioned as a strategic breakthrough for both India’s energy security and the revival of Bengal’s struggling industrial economy. Located in North 24 Parganas, barely 50 kilometers from Kolkata, the Ashoknagar field was once described by ONGC as a potential “game changer” for Eastern India. Surveys indicated reserves of nearly 240 million barrels of oil equivalent, along with significant natural gas and condensate deposits, a scale large enough to reshape the energy landscape of the region. For nearly seven years, however, the project remained trapped in limbo. Land-related disputes, environmental concerns, compensation issues, and intense political friction between the Centre and the previous state administration prevented production from taking off. Even after investments of nearly ₹1,000 crore had already been committed, the project failed to move beyond the planning stage. Repeated appeals from Union Petroleum Minister Hardeep Singh Puri for cooperation reportedly went unanswered, despite the strategic importance of the field. Employment generation is another major factor. From pipeline infrastructure and refining support to transportation, maintenance, engineering, and ancillary industries, the project could create thousands of direct and indirect jobs in a state that has seen large-scale migration due to industrial decline. The economic upside for the state government is equally massive. According to earlier estimates highlighted by the Petroleum Ministry, the value of recoverable oil could reach nearly ₹45,000 crore, with West Bengal itself expected to earn around ₹4,500 crore in direct revenue over time. If production finally begins at full scale, Ashoknagar could become the foundation of an entirely new energy and industrial corridor in the region.

Very poor feedback came from Kennedy Couple about both Nehru ji and Indira ji.

Central Tibetan Administration, or the Tibetan Government-in-Exile, Tuesday said China “does not have any right” to tell India what it should do concerning the reincarnation process of the 14th Dalai Lama Burnol moment for @MFA_China @China_Amb_India stratnewsglobal.com/india/china-ha…

5000 साल पुराना? 😂😂 पुराना मंदिर था, उससे भी बात चलेगी। मंदिर का गुम्बद नहीं, मंदिर का शिखर।

Our response to media queries regarding unwarranted references to Indian Union Territory of Jammu & Kashmir in the Joint Statement between China and Pakistan ⬇️ 🔗 bit.ly/4wRqW8O

Breaking: India looks to import Uranium from Australia. EAM Jaishankar tells Australian FM Wong that "we have energy trade, looking to expand that into Uranium supplies. Our own nuclear sector has undergone reforms, which will grow"

Get them geo-tagged, patented and whatever else is necessary in this Pirate-World.

Supply to India instead of prioritising Export.

@theFirstHandle @HiteshGngr18 😂😂😂 How have you been?

@HiteshGngr18 @ThinkersPad Nattha mara nahin, nattha marte nahin.

Nattha decency mein maara gaya. Dear Sidhant, you shd have taken the name and set the record straight. We are dealing with Rump Administration, they understand on-the-face language only.

No free press? Racist attitude.

Today, I submitted a written request to Union Minister for Minority Affairs @KirenRijiju ji seeking the exercise of the Centre's supervisory powers to remove properties that have been illegally uploaded on the UMEED portal. The Waqf Board registered 404 acres of Munambam land on the portal without complying with the provisions of the Unified Waqf Management, Empowerment, Efficiency and Development (UMEED) framework and the applicable provisions of the Waqf Act. Under the law, only the Mutawalli is authorised to upload Waqf property records to the UMEED portal. In this case, that authority rests with Farook College. Yet, without following due process, the Waqf Board unilaterally registered the property. These violations have been formally brought to the attention of the Government of India, and we expect appropriate action at the earliest. The people of Munambam deserve justice, and we will continue to pursue every legal and administrative avenue until it is delivered. #APAKADAMPolitics

Let the book come 16yrs later. Till then, you are running a fake campaign with nothing to corroborate, like hundreds of proven liars before you.

CM Modi and RM Fernandes were dining at 2am?

@Manish_Pajan Yeah! They have the Super Hero Syndrome. They think they save the world. The whole idea of Aliens is also built on this theory that “Humanity has a common enemy” and only US has a wherewithal to defend humanity. Cunning minds.

I have found many better educated Americans coming across as smug, opinionated and arrogant, even when they appear sincere and don a cloak of humility.

Country’s planning of Capital has to be postponed because few hundred people have Homeloans? Let this narrative not be dominated by the “Kandahar Victim Family” kind of tought process. Such selfish thought processes cause serious injury to Nation’s momentum.

Now he knows first hand how difficult your job is, eh? Now, do you wish to piss-off Indians by meddling in Indian Affairs or maintain a respectful relationship? My guess is, US has a compulsion for meddling, and getting treated poorly, till US begins to fail as a State.

If we were in Congress era, India would have “exchanged dossiers”. Thinking at this level - Size of project, cost and speed - is absolutely out of reach for Congress Leadership.

According to which is Govt Obligated to do this?

??? What happened to him?