No need for knee jerk reaction due to high crude oil prices: Jaitley
New Delhi, Sep 5 : Finance Minister Arun Jaitley on Wednesday said that there was no need for a "knee jerk" reaction due to high prices of global crude oil.
"There is no straight-line movement of global crude oil prices," Jaitley said at a media briefing after the meeting of the Union Cabinet.
According to Jaitley, crude oil prices edged higher in April and May whereas they calmed down in June and July
"As I am saying these are not situations which merit knee-jerk and panic reaction. There is no straight-line movement in global oil prices," the minister said.
When asked about the country's preparations to deal with any upsurge in global crude oil prices, Jaitley at a press briefing here said: "Policy formulation is never a rigid process."
Recently, geo-political factors such as trade wars fears, upcoming Iran sanctions and conflicts in Middle East along with supply side constraints have led to a sharp increase in global crude oil prices.
The rise in global crude oil prices pushes the domestic cost of petrol and diesel higher as the country is a net importer of crude oil.
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Ladakh leaders welcome Wangchuk's release, demand others' freedom
New Delhi (PTI): Leaders from Ladakh on Saturday welcomed climate activist Sonam Wangchuk's release from Jodhpur jail and demanded the release of remaining detainees.
Wangchuk was released from prison on Saturday after the Union government revoked his detention with immediate effect.
Ladakh MP Mohamad Hanifa hailed his release and urged the government to accept their demands for statehood and protection under the Sixth Schedule of the Constitution.
"We welcome the release of Sonam Wangchuk. But others also need to be released, and the government should also take back the cases filed against people who participated in the protests," Hanifa told PTI.
The Union Home Ministry, in its statement, commented on the law and order situation in the Union Territory.
"... prevailing atmosphere of bandhs and protests has been detrimental to the peace-loving character of the society and has adversely affected various sections of the community, including students, job aspirants, businesses, tour operators and tourists and overall economy," it said.
Hanifa, however, said protest is a Constitutional right, and urged the government to resolve the issue through dialogue.
"If our voice is not heard in any other way, then there is another way to protest. We have always protested peacefully from day one, and we believe in peaceful protests. This is to make our voice reach the government," he said.
"We have always said that we want a solution to these issues through dialogue," he said.
Kargil-based politician and Kargil Democratic Alliance (KDA) member Sajjad Kargili, in a post on X, demanded the immediate release of Deldan Namgial and Smanla Dorjey, and appealed to the government to drop all charges against other detainees unconditionally.
"The revocation of NSA against Shri Sonam Wangchuk is a welcome move. However, our struggle of our legitimate rights continues," he said.
Wangchuk was detained on September 26, 2025, two days after protests over demands for statehood for Ladakh and its inclusion under the Sixth Schedule of the Constitution rocked Leh.
More than 45 people, including 22 policemen, were injured in the protests.
