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Petrol Diesal Excise Duty: ‘Govt had 2 choices’: Fuel minister explains why Centre cut excise duty on petrol, diesel; addresses lockdown rumours
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Petrol Diesal Excise Duty: ‘Govt had 2 choices’: Fuel minister explains why Centre cut excise duty on petrol, diesel; addresses lockdown rumours


NEW DELHI: Union petroleum and natural gas minister Hardeep Singh Puri on Friday said the government chose to cut excise duties on petrol and diesel to shield consumers from surging global energy prices amid the ongoing US-Israel-Iran war and disruptions in the Strait of Hormuz. He said the move, reducing petrol duty to Rs 3 per litre from Rs 13 and diesel to zero from Rs 10, was taken by Prime Minister Narendra Modi as part of a conscious decision to absorb the financial burden rather than pass it on to citizens.The fuel minister said that the decision was taken by Prime Minister Narendra Modi in an effort “to safeguard the Indian citizen” by taking a “hit on its own finances”.

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Big Fuel Tax Cut By Centre, But No Price Relief: Why Petrol And Diesel Still Cost The Same In India

“The Modi Government had two choices- either increase prices drastically for citizens of Bharat as all other nations have done or bear the brunt on its finances so that Indian citizen is insulated from international volatility,” he said in a post on X.“Hon’ble Prime Minister @narendramodi Ji, in keeping with his Government’s commitment of last 4 years since the conflict in Russia-Ukraine started, decided to take a hit on its own finances again to safeguard the Indian citizen,” he added.He also credited finance minister Nirmala Sitharaman for taking a “huge hit on it taxation revenues to ensure very high losses of oil companies (approximately 24 Rs/litre for petrol and 30 Rs/litre for diesel)”.“Government has taken a huge hit on it taxation revenues to ensure very high losses of oil companies (approximately 24 Rs/litre for petrol and 30 Rs/litre for diesel) at this time of sky high international prices are reduced. At the same time, export tax has been levied as international prices of petrol and diesel have skyrocketed and any refinery exporting to foreign nations will have to pay export tax. My gratitude to Hon’ble PM Narendra Modi Ji and Hon’ble FM @nsitharaman Ji for this very timely, bold and visionary decision!” he said.He further dismissed lockdown rumours urging people to stay calm and united. “Rumours of a lockdown in India are completely false. Let me state this clearly, there is no such proposal under consideration by the Government of India. In such times, it is important that we remain calm, responsible, and united. Attempts to spread rumours and create panic in such a situation are irresponsible and harmful.”Sitharaman also hailed the move and said: “In view of the West Asia crisis, the central excise duty on petrol and diesel for domestic consumption has been reduced by Rs 10 per litre each. This will provide protection to consumers from rise in prices. Hon. PM @narendramodi has always ensured that citizens are protected from vagaries of supply and costs of essential goods,” she said.

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What is your opinion on the decision to absorb financial losses instead of increasing fuel prices?

“Further, duties have been imposed on exports of Diesel at Rs 21.5 per litre and on ATF at Rs 29.5 per litre. This will ensure adequate availability of these products for domestic consumption. The Parliament has been notified about the same,” she added.



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Sunrisers Hyderabad IPL 2026 Full Schedule: SRH Fixtures, Dates, Timings and Venues
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Sunrisers Hyderabad IPL 2026 Full Schedule: SRH Fixtures, Dates, Timings and Venues


Sunrisers Hyderabad (SRH) are all set for a schedule that is both exciting and challenging for them in the upcoming Indian Premier League 2026 (IPL 2026). The SRH will kick off their season on March 28 with a big match against Royal Challengers Bengaluru (RCB) in Bengaluru.

And just like a full circle, they will also end their league stage against the defending champions on May 22, but at their home ground in Hyderabad. SRH will have to manage the first few games without their regular captain, Pat Cummins, who is still recovering from a back injury.

Read Also: RCB vs SRH Match Prediction – Who Will Win Match No.1? | IPL 2026

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Until the Australian superstar returns, Ishan Kishan will lead the side while Abhishek Sharma will be his deputy. At the mini-auction, Sunrisers Hyderabad has added ten new faces to their squad. Two of them are overseas stars, Liam Livingstone and Jack Edwards.

They bring power, all-round ability, and some much-needed depth. Among the Indian signings are Shivam Mavi, Shivang Kumar, Salil Arora, Sakib Hussain, Onkar Tarmale, Amit Kumar, Praful Hinge, and Krains Fuletra.

Sunrisers Hyderabad IPL 2026 Full Schedule

Date Match Venue Time (IST)
March 28 Royal Challengers Bengaluru vs Sunrisers Hyderabad Bengaluru 7:30 PM
April 2 Kolkata Knight Riders vs Sunrisers Hyderabad Kolkata 7:30 PM
April 5 Sunrisers Hyderabad vs Lucknow Super Giants Hyderabad 3:30 PM
April 11 Punjab Kings vs Sunrisers Hyderabad Mullanpur 3:30 PM
April 13 Sunrisers Hyderabad vs Rajasthan Royals Hyderabad 7:30 PM
April 18 Sunrisers Hyderabad vs Chennai Super Kings Hyderabad 7:30 PM
April 21 Sunrisers Hyderabad vs Delhi Capitals Hyderabad 7:30 PM
April 25 Rajasthan Royals vs Sunrisers Hyderabad Jaipur 7:30 PM
April 29 Mumbai Indians vs Sunrisers Hyderabad Mumbai 7:30 PM
May 3 Sunrisers Hyderabad vs Kolkata Knight Riders Hyderabad 3:30 PM
May 6 Sunrisers Hyderabad vs Punjab Kings Hyderabad 7:30 PM
May 12 Gujarat Titans vs Sunrisers Hyderabad Ahmedabad 7:30 PM
May 18 Chennai Super Kings vs Sunrisers Hyderabad Chennai 7:30 PM
May 22 Sunrisers Hyderabad vs Royal Challengers Bengaluru Hyderabad 7:30 PM

Sunrisers Hyderabad IPL 2026 Venue Details

The Men in Orange will travel across the seven cities during the IPL 2026 apart from staying at Hyderabad for the seven home games. They will play their away games in Bengaluru, Kolkata, Mullanpur, Jaipur, Mumbai, Ahmedabad, and Chennai.

Sunrisers Hyderabad IPL 2026 Home and Away Matches

SRH’s campaign will begin with two away games against the RCB and KKR in the IPL 2026. They will not play any of their group stage matches at a neutral venue.

SRH will play their seven games at the Rajiv Gandhi International Stadium in Hyderabad, while the rest of the seven away games will be at the rival teams’ home grounds.

Sunrisers Hyderabad Full Squad IPL 2026

Ishan Kishan, Aniket Verma, Smaran Ravichandran, Salil Arora, Heinrich Klaasen, Travis Head, Harshal Patel, Kamindu Mendis, Harsh Dubey, Brydon Carse, Shivang Kumar, Krains Fuletra, Liam Livingstone, Jack Edwards, Abhishek Sharma, Nitish Kumar Reddy, Pat Cummins (captain), Zeeshan Ansari, Jaydev Unadkat, Eshan Malinga, Sakib Hussain, Onkar Tarmale, Amit Kumar, Praful Hinge, Shivam Mavi

Sunrisers Hyderabad IPL 2026 Captain and Coaching Staff

Captain: Pat Cummins/Ishan Kishan (stand-in)

Head Coach: Daniel Vettori

Batting Coach: Hemang Badani

Assistant coach: Assistant coach

Assistant Batting Coach: Hariesh Jaikumar

Spin/Strategy Coach: Muttiah Muralitharan

Bowling Coach: Varun Aaron

Fielding coach: Ryan Cook

Physiotherapist: Shyam Sundar Jayapalan

Read Also: RCB coach rules Josh Hazlewood out of IPL 2026 opener, Pat Cummins update arrives



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LPG crisis: No respite for restaurants yet
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LPG crisis: No respite for restaurants yet


LPG crisis: No respite for restaurants yet

MUMBAI/BENGALURU: The restaurant industry is struggling to run regular operations due to the meagre supplies of LPG cylinders . With the govt’s move to hike commercial LPG allocation to up to 70%, it will take some time before the measure actually translates into sustained supply, executives said. “Supply is still hugely limited and erratic. A feeling of uncertainty looms large,” said Anurag Katriar, founder at Indigo Hospitality. The key question is how quickly this revised allocation will translate into on-ground availability, said Pradeep Shetty, vice-president at Federation of Hotel & Restaurant Associations of India (FHRAI).A walk along Indiranagar’s 12th Main, known for its cluster of independent restaurants, reflects the strain. “It is all hand-to-mouth at this point,” said Nikhil Gupta, who runs brands including The Pizza Bakery and Paris Panini . The move doesn’t directly help the restaurant sector which is still getting 20%-30% of LPG supplies, said Sagar Daryani, co-founder & CEO at Wow! Momo Foods and president at National Restaurant Association of India (NRAI). State-wise, the supply situation varies with some such as Maharashtra, Karnataka, Rajasthan restricting allocation for restaurants, hurting the sector , Daryani said.



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Govt, RBI plan to equally spread FY27 borrowings
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Govt, RBI plan to equally spread FY27 borrowings


Govt, RBI plan to equally spread FY27 borrowings

MUMBAI: The govt on Friday said that it plans to borrow Rs 8.2 lakh crore between April and Sept this year under its Budget-approved borrowing programme, roughly half of the Rs 16.2 lakh crore in total. The borrowing for the first half of fiscal 2027 would be spread over 26 weekly auctions with about 25% of the total borrowing coming from longer-duration govt securities, that of 30-50-years tenures.Earlier in the day, the benchmark yield on the 10-year gilts hit an intra-day high at 6.95%, the level not seen since July 2024, as the war in West Asia is now threatening the govt’s fiscal numbers and raising chances of an economic slowdown.

Govt, RBI plan to equally spread FY27 borrowings.

Against the backdrop of a very uncertain market environment with high energy prices, currency depreciation and rising global fixed income yield, bond market players said that the govt’s announced borrowing calendar is likely to provide some relief to the ovareall market sentiment.According to Ramkamal Samanta, CIO, Star Union Dai-ichi Life Insurance, gilt market participants would feel positive from three factors: The recently concluded switch of govt bonds, the equally spread borrowing in FY27 and the lower share of long-dated papers compared to in FY26.



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Govt moves bill to decriminalise laws for businesses, individuals
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Govt moves bill to decriminalise laws for businesses, individuals


Govt moves bill to decriminalise laws for businesses, individuals

NEW DELHI: Govt on Friday moved a fresh bill to decriminalise provisions across 79 central laws as part of its efforts to make life simpler for businesses and individuals.Govt officials said along with amendments to the Companies Act, which are currently pending in Parliament, as well as the new income tax law, the overall decriminalisation exercise now covers over 1,000 provisions.The amendments cover laws as diverse as Damodar Valley Corporation to the ones governing road transport corporations and Central Silk Board and New Delhi Municipal Corporation.For instance, violations related to making of rules and regulations for road transport corporations will no longer attract jail terms. Similarly, some of the offences related to “mischief” caused in the development or maintenance of a national highway, will not face imprisonment.

Govt moves bill to decriminalise laws for biz, individuals

Same is the case with some of the offences under The Slum Areas (Improvement and Clearance) Act, 1956 as well as the Mines and Minerals (Development and Regulations) Act, DDA Act and the Delhi Municipal Corporation Act.An overhaul of the 153-year-old Cattle Trespass Act will decriminalise key offences, replace jail terms with financial penalties and route collected fines to animal welfare. The definition of cattle, so far limited to bovines, is being expanded to include camels, buffaloes, horses, pigs, sheep and goats.Under the Drugs and Cosmetics Act, for manufacturing or sale of spurious cosmetics, instead of one year jail, there will be a fine that can be extended up to three times the value of the seized product. Govt has proposed to reduce the jail term for interfering with seized items, such as food and vehicles, under the Food Safety and Standards Act, 2006, from a maximum of six months to three months.It also seeks to carry out 20 amendments under the Motor Vehicle Act, to relax some compliances and resolve legal ambiguities. These include, allowing vehicle registration throughout the state instead of at a particular jurisdiction, providing a grace period of 30 days after the expiry of the licence, during which the licence will remain effective.In all, 784 provisions are proposed to be amended under the bill, of which 717 provisions are being decriminalised and in the case of 67 provisions, the idea is to make life simpler.The bill proposes to remove imprisonment in 57 provisions and fines in 158 provisions. Also, imprisonment is proposed to be reduced in 17 provisions, and imprisonment and fines are proposed to be converted to a penalty in 113 provisions.



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‘Virat Kohli has it easier than Rohit Sharma’: Ex-India batter’s explosive take | Cricket News
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‘Virat Kohli has it easier than Rohit Sharma’: Ex-India batter’s explosive take | Cricket News


‘Virat Kohli has it easier than Rohit Sharma’: Ex-India batter's explosive take
Virat Kohli and Rohit Sharma (Agency Image)

As the 19th edition of the Indian Premier League kicks off with Royal Challengers Bengaluru taking on Sunrisers Hyderabad in Bengaluru, the spotlight is firmly on three modern greats — MS Dhoni, Virat Kohli and Rohit Sharma — all looking to make another strong statement this season.Former India batter turned commentator Aakash Chopra weighed in on what to expect from the trio, offering insights into their roles, form, and potential impact in the upcoming campaign.

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Virat Kohli’s childhood coach makes a big statement on 2027 ODI World Cup

Chopra backed Kohli to shine once again, pointing to his elite fitness levels and the advantage of opening the innings. He believes those factors give Kohli an edge over others, even when compared with Rohit Sharma.“The focus will be on Virat Kohli again because the guy is so fit. The kind of fitness that he has achieved over a period of time makes him the best suited, also because he is an opener. The same is true for Rohit Sharma as well, but between the two of them, I still feel Virat Kohli has it a little easier just because of himself. That is the price he has to pay for the kind of fitness and legacy he has built,” said Chopra.At 37, Kohli remains the most prolific batter in IPL history, with 8,661 runs in 267 matches. A one-franchise player for RCB since 2008, he also owns the record for the most runs in a single season (973 in 2016) and the highest number of centuries (8) in the tournament.Chopra, however, feels the challenge is steeper for Dhoni. The former Chennai Super Kings captain, now on the wrong side of 40, faces the added difficulty of limited game time leading into the IPL, along with a demanding dual role.“It is a little difficult for Dhoni as well because he is on the wrong side of 40. For him, not to play anything for 10 months, turn up for the IPL and switch on, and also play at a number where he gets only 10-12 balls, is the toughest thing to do. Then there are also 20 overs of keeping, so his job is perhaps the toughest,” Chopra explained.On Rohit’s approach with the bat, Chopra expects no shift in intent. With a power-packed Mumbai Indians batting line-up around him, the responsibility to attack early remains crucial.“When you are part of the batting order that the Mumbai Indians have, it is mandatory to set the tone for Rohit Sharma. Rohit does want to bat a certain way. He has already made his opinion very public. But if you are part of a setup where there is Quinton de Kock at the other end, followed by Tilak, Surya, Hardik, Will Jacks or Sherfane Rutherford, and then Naman Dhir, what else is the option? You need to maximise the 20 overs, which basically means maximising the first six overs.“

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Who do you think will have the biggest impact this IPL season?

“So, yes, Rohit would be expected to bat the same way, see the ball, hit the ball; that is what I am thinking for the entire Mumbai Indians setup, unless the pitch is asking you to play a slightly different brand of cricket,” he added.With three icons at different stages of their careers, IPL 2026 promises another fascinating chapter in their enduring legacy.



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Centre, oil companies to split impact of higher crude
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Centre, oil companies to split impact of higher crude


Centre, oil companies to split impact of higher crude

NEW DELHI: The Centre’s move to slash excise and impose windfall tax on diesel and aviation fuel will leave it poorer by around Rs 1.3 lakh crore if the energy crisis due to the West Asia conflict persists for a full year.An early resolution will reduce the pressure on oil prices and consequently on govt and oil companies. On Thursday, ratings agency ICRA had said that the recently set up Economic Stabilisation Fund can help offset some of the fiscal impact.For the moment, it has managed to ensure that consumers are fully protected as the oil retailers and govt will split the burden of higher crude prices. For the oil marketing companies (OMCs), which will have to take a hit during the March quarter, the impact will not be significant if the Indian basket remains around the current level of $112 a barrel.“With the recent reduction in excise duty and no change in the retail prices of petrol and diesel, OMCs are expected to break even at a crude oil price of around $106 a barrel for their refining and retailing operations, vis-à-vis around $90 a barrel before this excise duty cut,” CareEdge Ratings said in a note.For the current fiscal year, however, oil companies are fully protected as they raked in profits on every litre of petrol that was sold by them until the war broke out, just as the Centre was mopping up revenue, as the gains from lower oil prices were not passed on.For the states, revenue from VAT is likely to increase by at least Rs 25,000 crore in FY27, with Karnataka being the top gainer, SBI Research said in a report, while suggesting that they should lower the levy in line with the Centre.



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Credit-deposit ratio of banks touches a record 83%
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Credit-deposit ratio of banks touches a record 83%


Credit-deposit ratio of banks touches a record 83%

MUMBAI: Credit-deposit ratio of banks hit an all-time high of 83% as of March 15, 2026, after deposits fell and credit continued to expand during the reporting fortnight.Aggregate deposits declined by Rs 1.8 lakh crore duCredit growth outpaced deposit mobilisation through the current financial year, with incremental credit at Rs 25.3 lakh crore exceeding incremental deposits of Rs 24.3 lakh crore. As a result, the incremental credit-deposit ratio stood at 103.9%. Historically, an 80% credit-deposit ratio is seen as healthy as it factors in the 3% of bank deposits that have to be maintained as cash reserves (CRR) and 18% in liquid govt bonds (statutory liquidity ratio) ring the fortnight to Rs 250 lakh crore, while bank credit rose by Rs 18,672 crore to Rs 207.6 lakh crore. According to data, the divergence between deposits and credit pushed the ratio to a record level.Credit growth outpaced deposit mobilisation through the current financial year, with incremental credit at Rs 25.3 lakh crore exceeding incremental deposits of Rs 24.3 lakh crore. As a result, the incremental credit-deposit ratio stood at 103.9%. Historically, an 80% credit-deposit ratio is seen as healthy as it factors in the 3% of bank deposits that have to be maintained as cash reserves (CRR) and 18% in liquid govt bonds (statutory liquidity ratio)The decline in deposits alongside the expansion in credit widened the gap between credit growth (13.8%) and deposit growth of (10.8%) for the financial year.Before the current financial year, the last period when credit-deposit ratio consistently crossed 100% was between late 2022 and late 2023, covering FY23 and early FY24. During the pandemic recovery phase, pent-up corporate and retail credit demand surged at 16%-17% YoY, while deposit growth lagged at 9%-10%, keeping the ratio in the 100%-130% range.Part of the recent credit surge reflects a change in reporting dates from alternate Fridays to the 15th and 30th of each month, which captures quarter-end disbursements by banks.



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Dhurandhar 2 Full Movie Collection: ‘Dhurandhar: The Revenge’ box office collection day 9: Ranveer Singh, Rakesh Bedi’s film mints over Rs 1,100 crore worldwide |
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Dhurandhar 2 Full Movie Collection: ‘Dhurandhar: The Revenge’ box office collection day 9: Ranveer Singh, Rakesh Bedi’s film mints over Rs 1,100 crore worldwide |


‘Dhurandhar: The Revenge’ box office collection day 9: Ranveer Singh, Rakesh Bedi's film mints over Rs 1,100 crore worldwide

Ranveer Singh starrer ‘Dhurandhar: The Revenge’ has been the talk of the town right from the word go. The initial box office figures also showed that the movie has lived up to the hype. With a record-breaking premiere collection, followed by an impressive weekend opening, beating giants like ‘Pushpa 2,’ ‘Dhurandhar 2’ created history at the box office. However, as the first Monday arrived, the collection saw a dip in business. Nevertheless, despite the drop during the weekday shows, the gross collection of ‘Dhurandhar: The Revenge’ has crossed the Rs 1100 crore mark worldwide. In India, ‘Dhurandhar 2’ has minted over Rs 800 crore in 9 days gross, and the net collection has surpassed the Rs 700 crore mark.Dhurandhar 2 Movie ReviewRead on to know more details about ‘Dhurandhar: The Revenge’ box office performance.

‘Dhurandhar: The Revenge’ box office collection day 9 update

According to the latest reports by Sacnilk, ‘Dhurandhar 2’ on its second Friday, March 27, 2026, made Rs. 41.55 crore net in India, which is 32 per cent less than the previous day’s business that stood at Rs 49.70 crore. With these numbers, the net collection of the Aditya Dhar-directed spy thriller stands at Rs 715.72 crore net and Rs 854.99 crore gross in the domestic market. Further, the collection from overseas amounted to Rs 274 crores gross, pushing the total worldwide gross collection of ‘Dhurandhar: The Revenge’ to Rs 1,128.99 crore.

‘Dhurandhar: The Revenge’ – Breaking down the net box office collection day-wise:

Day 0 (Wednesday): Rs 43.00 CrDay 1 (1st Thursday): Rs102.5 CrDay 2 (1st Friday): Rs 80.72 CrDay 3 (1st Saturday): Rs 113.00 CrDay 4 (1st Sunday): Rs 114.85 CrDay 5 (1st Monday): Rs 65.00 CrDay 6 (1st Tuesday): Rs 56.60 CrDay 7 (1st Wednesday): Rs 48.75 CrWeek 1 Collection: Rs 624.47 CrDay 8 (2nd Thursday): Rs 49.70 CrDay 9 (2nd Friday): Rs 41.55 CrTotal: Rs 715.72 CrThe movie is expected to see a rise in weekend numbers.

‘Dhurandhar: The Revenge’

Alongside Ranveer Singh, the movie has Rakesh Bedi, Arjun Rampal, Sara Arjun, R Madhavan, Gaurav Gera and others in important roles. The sequel’s story ties the threads of Hamza’s past and present beautifully. The movie shows his journey of becoming an Indian undercover spy, and his tactful play to destroy the terrorist circle by becoming the King of Lyari.DISCLAIMER: The box office numbers and data in this article are compiled from diverse public and industry sources. All figures are approximate unless explicitly mentioned, offering a fair representation of the movie’s box office performance. These totals may change as official studio data is updated or as additional international market reports are finalized. This data is provided by us for informational and entertainment purposes only.



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1 month on, Iran war leaves investors poorer by Rs 41.4 lakh crore
gbussiness702118@gmail.com Business
1 month on, Iran war leaves investors poorer by Rs 41.4 lakh crore


1 month on, Iran war leaves investors poorer by Rs 41.4 lakh crore

MUMBAI: The day the war in West Asia completed a month, Dalal Street witnessed one of its most brutal sell-offs since the conflict began on Feb 28. During Friday’s session, with sensex-heavyweight Reliance Industries tanking 4.6%, the index closed 1,690 points or 2.3% lower at 73,583 points.The crash in RIL’s stock price that came on the back of imposition of windfall tax on petro-product exporters by govt, the rupee’s slide to a record low level against the dollar, rising bond yields and strong foreign fund selling, all because of the war in West Asia, led to Friday’s slide in stocks, market players said.

Screenshot 2026-03-28 055255

Sensex tanks 1690 points

The sell-off left investors poorer by nearly Rs 9 lakh crore with BSE’s market capitalisation now at Rs 422.2 lakh crore, exchange data showed.Foreign funds were again the main sellers of stocks with the net outflow figure at Rs 4,367 crore, BSE data showed.Since the war between the US-Israel and Iran started, the sensex has lost a little over 7,700 points or 9.5% while investors are poorer by about Rs 41.4 lakh crore. During the same period, foreign portfolio investors (FPIs) have net taken out a little over Rs 1.1 lakh crore from the domestic stock market, data from NSDL and BSE showed.

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How concerned are you about the impact of the war in West Asia on the Indian stock market?

According to Vinod Nair of Geojit Investments, Indian equities ended lower after a volatile session as rising bond yields coupled with negative cues from western markets and mixed Asian performance kept investors on the edge. Nair feels that the near-term sentiment for market remained fragile amid geopolitical risks and potential earnings downgrades due to supply shocks.



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