Centre Forms High-Powered Panel Led by Rajnath Singh to Monitor West Asia War Fallout

• An inter-ministerial group, led by Defence Minister Rajnath Singh, has been set up to monitor issues arising from the West Asia war.
• The panel includes Home Minister Amit Shah and Petroleum Minister Hardeep Singh Puri, tasked with reviewing the situation and its impact on India.
• Government reduced excise duty on petrol by Rs 3 per litre and brought diesel to zero, alongside a windfall tax on diesel exports.
• A new excise duty of Rs 50 per litre on Aviation Turbine Fuel (ATF) has been introduced, with exemptions limiting the effective duty to Rs 29.5 per litre.
• The Ministry of Petroleum and Natural Gas assured adequate stocks of petrol and diesel, urging citizens not to panic buy amidst rumors.