"Use metros wherever metros are available. Use carpooling to go to places, and use the railways if you have to transport goods. All of this will reduce dependency on petrol and diesel, and thereby cut the dependence on foreign currency."
"Mr Modi urged the citizens to increase the usage of public transport and electric vehicles, and revive the Covid-era measure of work-from-home. Asking the people to keep the "country above all else", he said: "Use metros wherever metros are available.""
"Stating that the Covid-era measures were the need of the hour, he asked people to revert to the methods developed during the pandemic, including virtual meetings and video conferencing."
"Brent oil futures jumped four per cent in Asian trade to $105.7 a barrel. Higher oil prices are a major risk for net energy importer India and threaten to widen the country's current account deficit, slow growth and stoke inflation."
The prime minister urged Indians to cut travel and postpone gold purchases to conserve fuel and foreign exchange amid shortages linked to the US-Israeli war on Iran. Citizens were asked to use public transport and electric vehicles, revive Covid-era work-from-home, and adopt virtual meetings and video conferencing. He emphasized using metros where available, carpooling for trips, and railways for transporting goods to reduce reliance on petrol and diesel and lower dependence on foreign currency. After crude oil prices rose following stalled US-Iran peace talks, the rupee weakened past 95 per dollar. Indian markets faced broad pressure, with equities falling and bond yields rising, while gold declined as higher oil prices increased inflation concerns and expectations of prolonged high interest rates.
Read at AOL.com
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