New Delhi: Crude oil prices breaching the $100 per barrel threshold is the equivalent of midflight turbulence to global economy. Business as usual has to be suspended and a prolonged phase can cause serious damage. For a country like India, which is heavily dependent on oil imports, crude crossing $100 per barrel today is not the same as when it breached this threshold earlier. To be sure, this is true for all countries to some extent and nominal crude prices, even in dollar terms, follow a different trajectory compared to real dollars. HT showed this in a chart on March 10.. Crude oil prices matter for government finances and refinery margins. For the retail economy what matters are things like the prices of petrol and diesel. (Reuters/Representational Image). However, for a country like India, the dynamics are vastly different because of the exchange rate dynamics at play. Crude oil is almost always paid for in dollars, unless the trade is with a country like Iran or Russia which is facing US economic sanctions. This means the actual prices for the Indian economy, in rupee terms, can be drastically different. A long-term analysis of the data shows this clearly.. Crude in March 2026 and March 2022 is not very different in $ terms, but ₹ price is very different. Also read: How will current oil shock impact Indian factories? | Number Theory. CMIE gives monthly and daily data for the price of crude oil in dollar terms. Brent crude was priced at $117.2 per barrel in March 2022. This is an important milestone because the Russia-Ukraine war started in February 2022. Brent crude’s price was $118.4 per barrel on March 20, 2026. This is a difference of just about 1% from the immediate aftermath of Ukraine war. However, the price in INR in these two periods varies by a much larger amount. This is because of the movement in the INR-USD exchange rate. This number was ₹76.24 per USD in March 2022, leading to a price of ₹8,935.3 per barrel for Brent crude. With the INR-USD exchange rate falling to ₹93.35 per USD on March 20, 2026, the domestic currency price of Brent crude was ₹11,052.64 per barrel; a difference of 23.6%. Such differences can also be seen in historical data. (See Chart 1). Crude price chart. This also means retail transmission of fuel prices looks different when compared with crude prices in $ or ₹ terms. Crude oil prices matter for government finances and refinery margins. For the retail economy what matters are things like the prices of petrol and diesel. How have the two moved in India? The picture looks very different if one compares the retail price of petrol (in Delhi) with crude prices in USD and INR terms. The former shows that retail prices had not come down as much as crude prices until the current war broke out while the latter shows that even though crude prices had been falling, retail prices were still lower in proportional terms as they had not increased. (See Chart 2A, 2B). Also read: Indian Oil buys first Irania 

 Live. By. Noida International Airport opening live: The airport will serve as a primary international airport for major Uttar Pradesh cities such as Noida, Meerut, Ghaziabad, Mathura and Agra and It will also act as a gateway to several pilgrimage and tourist destinations.. 2 Mins agoTraffic curbs till 11pm, vehicles to be diverted. 10 Mins agoHow the airport will boost tourism, help UP cities. 20 Mins agoMultiple delays and an inauguration. 25 Mins agoPM Modi to inaugurate Phase 1 today. Noida International Airport opening live: View of the newly constructed Noida International Airport, ahead of its inauguration by Prime Minister Narendra Modi.. Noida International Airport opening live: A traffic advisory has been issued y ahead of the Noida International Airport inauguration by Prime Minister Narendra Modi today. The advisory will remain in force from 7 am to 11 pm on Saturday, with arrangements made to ensure uninterrupted passage of emergency vehicles such as ambulances and fire services.. Modi is scheduled to inaugurate the first phase of the Noida International Airport in Jewar, Uttar Pradesh today. The airport is finally being opened after multiple delays and is set to become the second international airport serving the Delhi-NCR region, after the Indira Gandhi International Airport (IGIA).. The two airports will function as an integrated aviation system that will ease congestion, expand passenger capacity, and position Delhi-NCR among leading global aviation hubs, the government said in a statement earlier.. The airport will serve as a primary international airport for major Uttar Pradesh cities such as Noida, Meerut, Ghaziabad, Mathura and Agra and It will also act as a gateway to several pilgrimage and tourist destinations.. Inauguration after multiple delays. The airport was first set for a launch on December 1, 2024 which was postponed to April 2025. It was again postponed to September 1,2025 and then finally to early 2026.. PM’s schedule for airport inauguration. PM Modi will inaugurate the phase 1 of the Noida International Airport at 12 noon and will then address a public gathering on the occasion. The government has termed the airport as ‘major international gateway for the National Capital Region (NCR)’ that represents a significant step in strengthening the country’s airport infrastructure and enhancing regional and international connectivity.. …Read More. Modi is scheduled to inaugurate the first phase of the Noida International Airport in Jewar, Uttar Pradesh today. The airport is finally being opened after multiple delays and is set to become the second international airport serving the Delhi-NCR region, after the Indira Gandhi International Airport (IGIA).. The two airports will function as an integrated aviation system that will ease congestion, expand passenger capacity, and position Delhi-NCR among leading global aviation hubs, the government said in a statement earlier.. The airport will serve as a primary intern 

 Union Home Minister Amit Shah’s arrival in Kolkata was delayed by two hours after a severe thunderstorm lashed the city and its outskirts around Friday midnight.. Shah left the airport in a convoy at 2 am for a city hotel, where he was received by senior state BJP leaders. (ANI). According to airport sources, the special aircraft carrying the home minister from Delhi was scheduled to land at 11:46 pm. However, the plane was forced to hover over the airspace of the neighbouring Nadia and North 24 Parganas districts as a ‘nor’wester’ triggered lightning and heavy rain.. The aircraft landed at 1:46 am on Saturday. Shah left the airport in a convoy at 2 am for a city hotel, where he was received by senior state BJP leaders.. A senior party leader said Shah had departed from Delhi at 10:46 pm.. The weather-induced delay comes a day after West Bengal Chief Minister Mamata Banerjee’s flight from Andal faced similar conditions. On March 26, her aircraft was unable to land at the Kolkata airport for an hour due to a thunderstorm before weather conditions improved.. On Saturday afternoon, Shah is expected to release a ‘charge sheet’ against the Trinamool Congress government at a hotel in New Town. The document is a compilation of the BJP’s allegations against the TMC ahead of the upcoming assembly elections in West Bengal.. Shah has made frequent visits to West Bengal over the past two months to lead organisational meetings, public rallies, and outreach programmes, including the ‘Poriborton Yatra’, to strengthen the party’s grassroots network and poll strategy. 

 Billionaire Elon Musk had joined the phone call between Prime Minister Narendra Modi and United States President Donald Trump to dicuss the West Asia conflict, New York Times reported on Friday.. PM Modi held a phone call with Trump earlier this week. (AFP). PM Modi held a phone call with Trump earlier this week, wherein the Prime Minister asserted India’s backing for restoration of peace in West Asia at the earliest and ensuring that the Strait of Hormuz remains open and secure for the global community.. The US President dialled PM Modi to discuss the situation in the Gulf region amid growing concerns about food and fuel security, the Prime Minister stated.. According to the NYT report, Musk’s participation in the phone call between the two leaders on Tuesday (March 24), which is unusual for a private citizen during a crisis, could also signal a thaw in relations between the entrepreneur and US President Trump.. Musk, who was a part of the Trump administration earlier, had a falling out with the US President which led to him leaving the US government role. Neither India nor US mentioned the inclusion of Musk during the phone call. HT could not independently verified the information.. The conversation between Trump and Modi was the first between the two leaders since Israel and the US’s military strikes on Iran on February 28 triggered a conflict that has entered its fourth week. India had reached out to Iran, Israel, all members of the Gulf Cooperation Council and the US, to find ways to end the hostilities following the closure of the Strait of Hormuz.. “India supports de-escalation and restoration of peace at the earliest. Ensuring that the Strait of Hormuz remains open, secure and accessible is essential for the whole world,” PM Modi said on X after his call with the US President.. Musk has mostly been silent on the conflict in West Asia on X, the social media platform he owns. He responded to a post that questioned why so many countries relied on the Strait of Hormuz as part of their global supply chains, saying “We got lazy.” 

 The Election Commission of India (ECI) on Friday suspended the Inspector-in-Charge (IC) of Basanti police station in West Bengal’s South 24 Parganas, a day after clashes between the ruling Trinamool Congress (TMC) and the Bharatiya Janata Party (BJP) left several people injured.. Basanti police inspector-in-charge suspended by Election Commission following TMC-BJP clash that injured workers and police ahead of West Bengal assembly elections. (Representative photo/IStock). The poll panel directed the state chief secretary to suspend Paul and initiate departmental proceedings against him. “It has been observed that inspector Avijit Paul, IC of Basanti police station, failed to make adequate police arrangements in spite of having prior information regarding public programs of two political parties. Further, the CAPF (Central Armed Police Forces) has been made available for the last few days. Despite this, he didn’t requisition CAPF for maintenance of law and order. This reflects serious negligence and dereliction of duty on his part,” the EC said in its letter to the state’s chief secretary.. Prabir Ghosh, an inspector of the state police’s enforcement branch, was posted in Paul’s place.. According to police, at least a dozen TMC and BJP workers and seven policemen were injured on Thursday, after supporters of both parties attacked each other with sticks and brickbats around 1 pm in the Basanti Bazar area, where BJP candidate Bikash Sardar was campaigning with his followers.. The Revolutionary Socialist Party (RSP), a Left Front partner, won the Basanti constituency in all previous elections from 1977 to 2011, when TMC came to power. TMC wrested the seat in 2016 and won again in 2021.. The ECI also announced the schedule for the two-phase polls for West Bengal’s 294 seats in April.