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India has fiscal space to tackle Middle East crisis, says Nirmala Sitharaman

Nirmala Sitharaman said India has fiscal space to support sectors affected by the West Asia crisis and highlighted the country’s strong fiscal discipline and debt management.

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Nirmala Sitharaman

Finance Minister Nirmala Sitharaman on Monday said India has enough fiscal space to support sectors affected by the escalating West Asia crisis, highlighting the country’s strong fiscal discipline and debt management.

She also indicated that the Reserve Bank of India has room to cut interest rates if needed to address global economic challenges. The Reserve Bank’s Monetary Policy Committee, headed by the RBI Governor, began its deliberations on Monday and is scheduled to announce its interest rate decision on Wednesday. There is widespread speculation that the central bank may maintain status quo on rates.

Speaking at an event organised by the National Institute of Public Finance and Policy, Sitharaman said the ongoing Middle East conflict has moved beyond a regional security issue and is now affecting global energy supply chains and the emerging multipolar world order.

She noted that the global economy is currently facing volatility, uncertainty, complexity and ambiguity, while public debt levels have increased significantly across many countries.

Despite global challenges, she said India stands out in debt management, with a debt-to-GDP ratio of around 81 per cent, which she said as the lowest among major economies.

The finance minister said many countries are facing limited fiscal space due to lack of fiscal prudence, but India’s disciplined approach over the past decade has created room for continued capital expenditure, possible rate cuts by the RBI, and targeted support for sectors affected by global developments.

She also pointed out that the government recently reduced excise duty on petrol and diesel and removed customs duty on key petrochemical products to protect consumers from rising prices caused by the West Asia crisis.

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Tamil Nadu exit polls favour DMK, Vijay factor may influence margins

Exit polls suggest DMK may retain power in Tamil Nadu, but Vijay’s political debut could influence the final outcome.

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Actor vijay

Exit polls for the 2026 Tamil Nadu Assembly elections suggest that the ruling Dravida Munnetra Kazhagam (DMK), led by Chief Minister M K Stalin, is likely to return to power, though the final outcome will be confirmed on counting day.

According to multiple projections, the DMK-led alliance is expected to secure a majority in the 234-member Assembly, with estimates placing the party’s tally in the range of around 122 to 145 seats.

Most polling agencies indicate that the ruling alliance has maintained a clear edge over its rivals, particularly the AIADMK-led bloc, in what has been a closely watched contest.

Vijay factor adds new dimension

A significant highlight of this election has been the entry of actor-turned-politician Vijay and his party, Tamilaga Vettri Kazhagam (TVK). His debut has introduced a third force in a state traditionally dominated by the DMK and AIADMK.

Early assessments suggest that while TVK may not secure a large number of seats, it could influence vote shares and outcomes in several constituencies, especially by attracting younger voters and first-time participants.

This has made the electoral contest more complex, with analysts pointing to potential vote-splitting effects that could impact margins for both major alliances.

High turnout and key contest

Polling for all 234 seats was held on April 23, with the state witnessing a high voter turnout of over 84 percent, one of the highest in recent decades.

The election saw a multi-cornered fight involving the DMK alliance, AIADMK-led coalition, and newer players like TVK, alongside other regional parties.

What happens next

Exit polls provide only an early indication of voter trends and are not always accurate. The final results will be declared on May 4, when counting of votes takes place.

Until then, while projections favour a return of the DMK government, the actual impact of the “Vijay factor” and constituency-level dynamics will become clear only after the official results are announced.

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Bengal exit polls 2026 show tight contest, some projections give BJP edge

Exit polls for West Bengal 2026 show a close race, with some projections giving BJP a narrow edge over TMC.

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Exit polls

Exit polls released after the final phase of voting in West Bengal suggest a closely contested election, with a “poll of polls” indicating that the Bharatiya Janata Party (BJP) may hold a slight edge over the ruling Trinamool Congress (TMC) in some projections.

The estimates, which combine multiple exit poll surveys, point to a tight race in the state, reflecting a competitive political contest between Chief Minister Mamata Banerjee’s TMC and the BJP. While some projections show the BJP ahead, others indicate that the TMC remains firmly in contention, highlighting the uncertainty surrounding the final outcome.

The poll of polls aggregates data from different agencies to present a broader picture of voter sentiment. However, variations across surveys underline that the margin between the two major parties is narrow, and no clear consensus has emerged.

West Bengal’s election, held in two phases, has been one of the most closely watched political battles, drawing national attention due to the high-stakes contest between the incumbent leadership and the BJP’s aggressive campaign.

It is important to note that exit polls are only indicative and not definitive. Their accuracy depends on sampling methods and voter responses, and past trends have shown that final results can differ significantly from these projections.

The official results of the West Bengal Assembly elections are scheduled to be announced on May 4, which will ultimately determine whether the TMC retains power or if the BJP manages to make a breakthrough in the state.

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Bengal phase 2 voting crosses 60% turnout by afternoon amid tight security

West Bengal phase 2 voting records over 60% turnout by early afternoon as polling continues across 142 constituencies under tight security.

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Voting for the second phase of the West Bengal Assembly elections witnessed strong participation on Wednesday, with voter turnout crossing 60% by early afternoon.

Polling was underway across 142 constituencies spread over several districts, including key seats in Kolkata, with security tightened to ensure smooth conduct of elections. According to available data, voter turnout reached around 61% by 1 pm, reflecting steady participation since the morning hours.

The polling process began early in the day, with voters lining up outside booths in both urban and rural areas. Authorities deployed extensive security personnel across sensitive locations to maintain order and prevent disruptions.

This phase marks a crucial stage in the state elections, covering a large number of constituencies and involving a high-stakes contest among major political parties. The scale of polling and the number of seats make it a decisive segment in determining the overall outcome.

Administrative measures, including restrictions and monitoring, were put in place to ensure free and fair voting. Preparations had been completed in advance, with election officials focusing on logistics, security arrangements, and voter accessibility.

The Election Commission had earlier intensified deployment of forces and oversight mechanisms, aiming to avoid disturbances and ensure a peaceful voting environment across polling stations.

Polling is scheduled to continue until the evening, after which sealed electronic voting machines will be stored securely until counting day.

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