India
South Asia Correspondent • Vol. I, No. 17 • Tuesday, March 24, 2026
Current Events
New Delhi🌃27°C
H: 33°C / L: 19°C
Partly cloudy; haze in morning hours
AQI 162 Poor
Humidity: 38%Wind: NW 12 km/h
⛈Wed
34° / 20°
⛈Thu
35° / 20°
⛈Fri
34° / 21°
Hyderabad⛈29°C
H: 36°C / L: 22°C
Hot and partly cloudy; dry
AQI 87 Moderate
Humidity: 41%Wind: SSW 10 km/h
⛈Wed
37° / 22°
⛈Thu
37° / 23°
⛈Fri
36° / 23°
Mumbai☀28°C
H: 32°C / L: 24°C
Hazy sunshine; hot and humid
AQI 95 Moderate
Humidity: 72%Wind: NW 9 km/h
⛈Wed
33° / 25°
⛈Thu
34° / 25°
⛈Fri
34° / 25°
Bengaluru⛈24°C
H: 33°C / L: 19°C
Partly cloudy; warm and dry
AQI 143 Poor
Humidity: 58%Wind: SE 7 km/h
⛈Wed
33° / 20°
⛈Thu
34° / 20°
⛈Fri
34° / 21°
Chennai⛈28°C
H: 35°C / L: 26°C
Hot and humid; partly cloudy
AQI 68 Moderate
Humidity: 82%Wind: SE 8 km/h
⛈Wed
35° / 27°
⛈Thu
36° / 27°
⛈Fri
36° / 27°
Source: India Meteorological Department (IMD) • AQI (US scale) via aqi.in • Updated March 24, 2026
India Holds Fuel Prices Steady Despite Global Crude Surge; Election Code Delays Revision
India Desk • March 24, 2026
India’s government is holding petrol and diesel prices steady despite global crude oil trading near $88–99 per barrel as elections approach in five states. Petrol prices stand at ₹94.77 per litre and diesel at ₹87.67 in Delhi, with Mumbai at ₹103.50 and ₹90.03 respectively. The Model Code of Conduct in force for West Bengal, Kerala, Tamil Nadu, Assam, and Puducherry restricts the government from announcing major economic measures until results are declared on May 4. Analysts at Nomura and ICICI Securities estimate oil marketing companies are absorbing losses of several hundred crore rupees daily at current crude levels.
India’s Ministry of Petroleum has confirmed strategic reserves covering several months’ demand and is diversifying procurement from the US, Norway, and Russia. LPG remains at ₹912.50 per domestic cylinder; a significant upward revision to fuel prices is widely expected in May once election constraints lift.
PM Modi Schedules 14 Campaign Rallies in West Bengal; Brigade Parade Ground Rally Draws Massive Crowd
India Desk • March 24, 2026
Prime Minister Narendra Modi is scheduled to address 14 public meetings across West Bengal over the next month as the BJP intensifies its campaign ahead of April’s two-phase assembly elections. The BJP’s statewide “Parivartan Yatra” culminated in a massive Modi rally at Kolkata’s Brigade Parade Ground on March 14, where the Prime Minister announced infrastructure projects worth ₹18,680 crore and declared that change in Bengal’s government was “inevitable.” Actor-politician Mithun Chakraborty is scheduled to take part in 10 BJP campaign events.
The campaign schedule also includes rallies by Union Home Minister Amit Shah in South 24 Paraganas and senior ministers across multiple districts. The BJP’s campaign is built around themes of governance accountability, women’s safety, education sector corruption, and demographic security in border districts. Chief Minister Mamata Banerjee, speaking at an Eid congregation shortly after, called Modi the “biggest infiltrator” and accused the BJP of trying to destabilise the state.
India Monitors Strait of Hormuz; PM Modi Reviews Energy Security with CCS
India Desk • March 22, 2026
Prime Minister Narendra Modi reviewed India’s energy supply situation with the Cabinet Committee on Security, reaffirming the country’s position that safe passage through the Strait of Hormuz is essential for global energy security. India’s Indian Navy has been escorting tankers through the Gulf of Oman, and the government has maintained diplomatic contact with all parties to the conflict. Modi also conveyed India’s desire for a peaceful resolution in a call with Iranian President Pezeshkian, emphasising India’s “deep concern” over civilian casualties on both sides.
India imports roughly 85 per cent of its crude oil, and the Strait of Hormuz accounts for approximately 40 per cent of that supply. The IEA’s warning that the crisis exceeds the combined impact of the 1970s oil shocks has added urgency to India’s diplomatic outreach across the Gulf.
Politics
West Bengal Election Campaign: TMC Unveils 10-Point Manifesto; BJP Confident in Two-Phase Schedule
India Desk • March 20–22, 2026
West Bengal’s election campaign is gathering momentum as voting approaches on April 23 and 29, with results expected on May 4. Chief Minister Mamata Banerjee unveiled the Trinamool Congress’s manifesto on March 20, headlined by a promise to launch a “Duare Chikitsa” (Doorstep Healthcare) programme across every polling booth, alongside pledges to modernise thousands of schools with e-learning facilities. Banerjee accused the BJP of trying to impose “undeclared President’s Rule” and vowed the TMC would win a fourth consecutive mandate.
The BJP, which released its first candidate list of 144 names on March 16 and a second list of 111 candidates on March 19, has drawn confidence from a large Modi rally in Kolkata covering 28 constituencies. An escalating dispute between the TMC and the Election Commission over the transfer of senior state officials — including the chief secretary and DGP — has added a contentious dimension to the campaign.
Rajya Sabha By-Elections Concluded; New Members Take Seats
India Desk • March 17, 2026
Elections for 37 seats in the Rajya Sabha were held on March 16, 2026, with results declared the same day. The BJP-led National Democratic Alliance secured the majority of the contested seats, while several regional parties also returned members to the upper house. The new members add to a Rajya Sabha arithmetic that continues to constrain the passage of significant legislation without coalition agreement, as the NDA does not hold an outright majority in the upper chamber. Opposition parties, including the INDIA alliance, challenged several results but electoral officers confirmed the counts.
The newly elected members were formally sworn in on March 17, with the House briefly suspended after protests over the Election Commission’s handling of the West Bengal state election schedule dominated proceedings in the first hours of the new sitting.
India’s BRICS Presidency Tested as Tehran Seeks Condemnation of US–Israel Strikes
India Desk • March 24, 2026
India’s 2026 BRICS presidency is facing an early diplomatic stress test as Iran pushes member states to issue a collective condemnation of US and Israeli airstrikes. India has so far declined to join any such statement, walking a careful line between its strategic partnership with the United States and its historic ties with Iran and fellow BRICS members Russia and China. Congress leader Jairam Ramesh wrote that India was “boasting of being the President of BRICS+ in 2026, but has not summoned up the inclination or courage to put out a collective statement on the US-Israel air offensives.”
The situation is further complicated by the fact that Saudi Arabia and the UAE — both targets of Iranian attacks and fellow BRICS members — are deeply opposed to any condemnation of the anti-Iran coalition. New Delhi’s challenge is to maintain relationships with all sides while protecting its energy supply chains, which depend critically on both Gulf Arab states and Iran for crude oil and LNG access.
Economy & Business
Sensex rebounded +1,110 pts on Tuesday opening after Monday’s 1,836-pt crash. Nifty trades near 22,848. The rupee holds around ₹93.85 to the dollar. FII outflows remain heavy; DIIs providing partial support. Gold and crude volatile on Iran war diplomacy signals.
Sensex
BSE 30
73,806
▲ +1.53%
Mar 24 open
Nifty 50
NSE Index
22,848
▲ +1.49%
Mar 24 open
Gold
22K per gram (INR)
₹12,865
▼ −1.2%
XE.com Mar 24
INR/USD
1 US Dollar
₹93.85
▶ Flat
XE.com Mar 24
INR/CAD
1 Canadian Dollar
₹74.47
▶ Flat
XE.com Mar 24
INR/GBP
1 British Pound
₹130.43
▶ Flat
XE.com Mar 24
INR/EUR
1 Euro
₹108.87
▶ Flat
XE.com Mar 24
India’s Rupee Holds Near Record Low at ₹93.85; RBI Watch Intensifies
Business Desk • March 24, 2026
The Indian rupee held near its record low of ₹93.85 against the US dollar in early Tuesday trading, having hit an all-time low of ₹93.89 on Monday amid surging crude oil import costs and heavy foreign investor outflows. The currency has depreciated approximately 2.75 per cent against the dollar over the past four weeks since the Iran war began, with the current account deficit widening sharply as the oil import bill balloons. The Reserve Bank of India is believed to be intervening to smooth volatility without resisting the structural depreciation trend.
Economists noted that the five-day pause in US strikes on Iranian power plants, if it leads to a genuine diplomatic settlement, could provide the rupee significant relief. But Iran’s denial of any talks has kept the market cautious. India’s foreign exchange reserves stood at approximately $620 billion at the start of March, offering a reasonable buffer for intervention.
Petrol at ₹94.77, Diesel ₹87.67 in Delhi; State Election Freeze Delays Market Adjustment
Business Desk • March 24, 2026
Petrol prices in Delhi remain at ₹94.77 per litre and diesel at ₹87.67, with Mumbai at ₹103.50 and ₹90.03 respectively. The government has held prices steady as crude oil trades around $88–99 per barrel, with the divergence between international crude and domestic retail prices creating an implicit subsidy that analysts estimate is costing oil marketing companies several hundred crore rupees daily. LPG prices remain at ₹912.50 per domestic cylinder.
The model code of conduct for state elections in Kerala, Tamil Nadu, West Bengal, Assam, and Puducherry constrains the government from announcing major economic measures, including fuel price revisions, until the process concludes on May 4. A significant upward revision to petrol and diesel prices is widely anticipated in May.
IPL 2026 Opens Saturday; Chinnaswamy to Pay Tribute to Stampede Victims
Business Desk • March 24, 2026
The 19th edition of the Indian Premier League begins Saturday, March 28, with Royal Challengers Bengaluru hosting Sunrisers Hyderabad at the M. Chinnaswamy Stadium in Bengaluru. The stadium will pay special tribute to the 11 fans who lost their lives in a tragic stampede incident during earlier celebrations, with a memorial plaque to be unveiled and 11 seats dedicated in their honour. SRH confirmed that Sri Lanka pacer Eshan Malinga has received clearance from Sri Lanka Cricket to participate, while Matheesha Pathirana and Wanindu Hasaranga are still awaiting their No Objection Certificates.
The IPL, one of the world’s most valuable sports franchises and a significant driver of broadcasting revenue, is expected to generate tens of thousands of crore rupees in economic activity this season. The full schedule of 74 matches concludes with the final at the Narendra Modi Stadium in Ahmedabad on June 3.
Sports
IPL 2026 Final Squads Set; RCB–SRH Opener Marks Start of 74-Match Season
Sports Desk • March 24, 2026
All ten IPL 2026 franchises have finalised their squads ahead of the season opener on Saturday, March 28. The BCCI’s captains’ and coaches’ meeting is scheduled for Wednesday in Mumbai to outline playing conditions and rule changes. Notable late developments include KKR confirming Saurabh Dubey as the replacement for injured Akash Deep, while Delhi Capitals are still awaiting word on Mitchell Starc’s clearance from Cricket Australia. Lucknow Super Giants captain Rishabh Pant is expected to bat at number three in what could be a pivotal season for the wicketkeeper-batter.
Former India spinner Ravichandran Ashwin has backed a refreshed Rohit Sharma to recapture his best T20 form for Mumbai Indians, having stepped back from Test and T20I cricket. Ashwin also questioned the captaincy selection at MI, suggesting Suryakumar Yadav would have been the stronger choice given his T20 World Cup heroics. The full schedule and broadcast details are available at iplt20.com.
MS Dhoni to Make IPL Return With CSK; Chinnaswamy ‘Roar ’26’ Event Draws Tens of Thousands
Sports Desk • March 23, 2026
MS Dhoni’s impending return with Chennai Super Kings for what is widely expected to be his final IPL season has generated exceptional public excitement. The CSK “Roar ’26” pre-season event in Chennai drew approximately 20,000 fans to Chepauk Stadium, where A.R. Rahman performed live and legends including Suresh Raina and Matthew Hayden were inducted into the CSK Hall of Fame alongside other club icons. Dhoni himself received a thunderous reception as he appeared on the field in yellow once more.
The event also featured a nostalgic reunion of former CSK stars, with the current squad practising in front of the massive crowd. CSK, one of the most successful franchises in IPL history with five titles, begin their campaign in the first week of April. Ticket demand for CSK’s Chepauk home games has already far outstripped supply.
India Women Badminton: Tanvi Sharma, Isharani Baruah in French Semifinal Exits
Sports Desk • March 22, 2026
India’s women’s singles hopes at the Orleans Masters Super 300 ended in the semifinals on Saturday, with 17-year-old Tanvi Sharma going down 9–21, 16–21 to Japan’s former world champion Nozomi Okuhara in 35 minutes, while 22-year-old Isharani Baruah lost 12–21, 21–23 to Thailand’s Pitchamon Opatniputh. Both players had impressed in their respective routes to the last four. The performances nonetheless highlighted the depth developing in Indian women’s singles, with the BWF World Championships in New Delhi later this year providing the next major stage.
Tanvi, in particular, had notably defeated Okuhara at the Syed Modi International last year, making the reverse result a minor upset. India’s men’s representation at the tournament had been stronger, reflecting the continuing strength of the men’s doubles pairs on the global circuit.
This Week in History
March 24, 1977: Emergency Ends — Indira Gandhi’s Congress Defeated at the Polls
History Desk
On March 24, 1977, the results of India’s general election were declared, marking the end of the Emergency period that Prime Minister Indira Gandhi had imposed on June 25, 1975, suspending civil liberties, press freedom, and political opposition for 21 months. The Janata Party coalition, united in opposition to the Emergency, won a decisive majority, defeating the Indian National Congress and marking the first time since independence that a non-Congress party formed the national government. The election result was widely celebrated as a triumph of Indian democracy. Indira Gandhi herself lost her seat in Rae Bareli. She returned to power in the 1980 general election. The Emergency remains one of the most contested episodes in post-independence Indian political history.
Upcoming Events — India
Sat, Mar 28
India Art Fair 2026 (3-day event)
NSIC Ground, New Delhi
🎨 Culture & Art
Sat, Mar 28, 7:30 PM IST
IPL 2026 Opener: RCB vs. SRH
M. Chinnaswamy Stadium, Bengaluru
🏈 Cricket
Fri–Sun, Mar 27–29
India Art Fair 2026
NSIC Ground, New Delhi
🎨 Culture