The decision by Saudi Arabia's sovereign wealth fund to stop bankrolling LIV Golf at the end of the season has plunged the future of the breakaway series into doubt. It has also posed questions over the country's many other sporting investments. After all
New video shows Cole Tomas Allen pacing halls, stopping at gym before storming Trump's press dinner | WatchCole Tomas Allen is seen pacing a hallway, briefly entering the hotel gym, and engaging in a conversation with what appears to be the facility's receptionist. Updated on: May 01
Early projections indicate a strong win for the BJP in Assam. Exit polls after high voter turnout suggest the ruling party is set for another comfortable victory. The Congress faces a potential third straight defeat. The BJP's organizational strength and Chief Minister Himanta Biswa Sarma's
Anil Kapoor’s father, Surinder Kapoor, used to be a popular Bollywood producer till his films stopped working at the box office. In a recent chat with Lilly Singh, Anil Kapoor recalled how his father was praised for his humility and honesty, but never for his success. He recounted how
Nepal's top leadership stresses unity, peace on Buddha PurnimaNepal's top leadership stresses unity, peace on Buddha Purnima Updated on: May 01, 2026 2:03 PM IST PTI Share via Copy link Kathmandu, National unity can be strengthened by following Lord Buddha's guiding principles of tolerance and
Cheaper Diesel From Gujarat, Tamil Nadu May Save MSRTC Rs 194 Crore, But Cost Maharashtra Rs 668 Crore

Cheaper Diesel From Gujarat, Tamil Nadu May Save MSRTC Rs 194 Crore, But Cost Maharashtra Rs 668 Crore
The Maharashtra State Road Transport Corporation (MSRTC) has invited bids to buy diesel for its buses not only from suppliers within Maharashtra but also from companies outside the state. The move could significantly reduce MSRTC’s fuel bill, but it may also impact the state’s tax revenue.
On November 11, 2025, MSRTC floated an e-tender to buy high-speed diesel for its 252 depots. The tender allowed both in-state and out-of-state suppliers to quote rates. The last date to submit bids is February 26, and the contract will go to the lowest bidder.
The main issue is the difference in Value Added Tax (VAT) on diesel. Maharashtra currently levies 21% VAT. In comparison, Gujarat charges 14.90%, while Tamil Nadu levies around 11%. Because of this lower tax, diesel from Gujarat and Tamil Nadu could be much cheaper than diesel bought within Maharashtra.
It is estimated that if MSRTC purchases diesel from lower-VAT states at around Rs 78,000 per kilolitre, it could save nearly Rs 194 crore every year. Since fuel is one of MSRTC’s biggest expenses, this saving could provide much-needed financial relief to the transport corporation.
However, buying diesel from outside Maharashtra may lead to a major loss in tax revenue for the state government. As per estimates, Maharashtra could lose around Rs 668 crore if MSRTC stops buying diesel within the state.
So far, MSRTC has been purchasing diesel locally and paying 21% VAT, which contributes significantly to state revenue.
The situation has created a financial dilemma. If MSRTC buys diesel within Maharashtra, it will continue to support state revenue but face higher costs. If it buys from other states, it can reduce expenses but the state government may lose substantial tax income.
With the deadline for bids approaching, the final decision will be closely watched, as it will affect both the corporation’s finances and the state’s revenue.
Source: News18
Related Posts: Maharashtra Transport Minister calls meeting on mandatory Marathi for commercial passenger vehicle drivers Ghaziabad Municipal Corporation to provide cashless medical KLA Corporation in talks for Rs 3 Shiv Sena (UBT) mayor elected in Parbhani Municipal Corporation South Korea police raid transport ministry over Jeju Air crash How Much Will Your Transport Allowance Increase If DA Rises To 63% Kerala transport minister’s wife accuses him of infidelity Helicopter Crash Near Russian Ski Resort Kills Transport Tycoon Ilyas Gimadutdinov This boozy frozen dessert will transport you right to the coasts of Italy Elon Musk vision for rapid transport system stuns netizens
Glory review: Pulkit Samrat, Divyenndu's boxing whodunnit could have been a knockout but the punches just don't landGlory review: This boxing drama-cum-murder mystery frustratingly spoils a novel premise with a mundane, boring execution. May 1, 2026
1 hours ago
WASHINGTON: The U.S. House of Representatives on Wednesday approved a three-year budget plan that would pave the way for Congress to consider an additional $70 billion for activities by federal agents.The House voted 215-211, with no Democrats supporting it
1 hours ago
India will look to stay on course for a second title when they face a formidable Chinese Taipei in the quarterfinals of the Thomas Cup Finals on Friday. Four years ago, India achieved an unprecedented feat by clinching the Thomas Cup crown — the world team championship in badminton — bringing
1 hours ago
Former Myanmar leader Aung San Suu Kyi has been moved from prison to house arrest and her sentence has been reduced as part of a prisoner amnesty for a Buddhist holiday. Accompanying the announcement was a photo of the 80-year-old leader dressed in a traditional white blouse and skirt and sitting
1 hours ago
Drug lord Salim Dola lived in Turkiye on Bulgarian passport: OfficialsOfficials privy to the developments said initial probe found Dola was staying in Turkiye on a Bulgarian passport under the name ‘Hamza’ Published on: May 01, 2026 1:53 PM IST By Prawesh Lama Share via Copy link Fugitive drug
1 hours ago
President Donald Trump has signed a spending bill that officially ends the 76-day partial government shutdown that caused chaos in US airports. The House of Representatives earlier on Thursday approved a Senate-passed bill to fund the Department of Homeland Security (DHS)
1 hours ago
In what came as a relief to scheduled domestic airlines, and consumers of domestic liquefied petroleum gas (LPG) cylinders, prices of aviation turbine fuel for domestic scheduled airlines and that of the bottled cooking gas for domestic use have been kept unchanged
1 hours ago
The Supreme Court on Thursday granted anticipatory bail to Congress leader Pawan Khera in a case registered against him by the Assam Police, reported Bar and Bench. Earlier in the day, a bench of Justices JK Maheshwari and AS Chandurkar had reserved its verdict on Khera’s petition challenging the
1 hours ago
Since the COVID-19 pandemic, people worldwide have become accustomed to working and studying from home. A new generation of students now believes that any degree can be earned with just a laptop and a fast internet connection. Online course promotions suggest you can even learn rocket science from
1 hours ago
WASHINGTON: President Donald Trump swiftly signed a bipartisan legislation Thursday to fund much of the Department of Homeland Security, but not its immigration enforcement operations, shortly after the package won final approval in the House, ending the longest agency shutdown in history
1 hours ago
The Gujarat Secondary and Higher Secondary Education Board (GSEB) is expected to announce the results for the Class 10 (SSC) and Class 12 (HSC) board examinations for the 2025-26 academic session soon. Over 15 lakh students who appeared for the high school exams in March will be able to check and
1 hours ago
Google employee busts hiring myths at tech giant: ‘It’s about skills, not IIT or IIM tags’A Google employee busted hiring myths, said skills mattered more than degrees and coding was not the only path. Published on: May 01, 2026 1:53 PM IST By Mahipal Singh Chouhan Share via Copy link A
1 hours ago
Suvendu Adhikari claims Mamata Banerjee kept ‘under surveillance’ as Bengal strong rooms monitored ahead of resultsSuvendu Adhikari alleged that EVMs and strongrooms in the Bhabanipur constituency were being strictly monitored amid allegations of tampering. Published on: May 01
1 hours ago
Ram Charan trained like a ‘desi pehalwan’, not a ‘Greek god’ for Peddi; trainer shares his akhada-style fitness routineRam Charan’s trainer revealed that the actor followed a akhada-style routine and strict diet for over a year to achieve a rugged ‘desi pehalwan’ look in Peddi
1 hours ago
Tamil superstar Ajith Kumar is celebrating his 55th birthday today, May 1, 2026. Millions of Ajith’s fans across the globe have been celebrating the star’s birthday on social media, and in theatres, where his acclaimed actioner Billa has been re-released
1 hours ago
When news broke that Chelsea winger Mykhailo Mudryk has begun an appeal against a four-year doping ban, many football fans' immediately asked, what ban? That is because the Football Association, who issued the ban to the Ukraine international because of an "adverse finding in a routine urine test"
1 hours ago
Mother’s Day 2026: 10+ Thoughtful gift options for all moms who say ‘I don’t want anything’Ahead of Mother’s Day 2026, here are some handpicked, thoughtful gift ideas to help you surprise your mom. Published on: May 01, 2026 1:45 PM IST By Anukriti Srivastava Share via Copy link
1 hours ago
Khera, who is facing charges of forgery, criminal conspiracy, and defamation, had appealed to the Supreme Court for anticipatory bail. The Supreme Court on Friday granted anticipatory bail to Congress leader Pawan Khera in a forgery and defamation case by Assam Police
1 hours ago
Toyota has introduced the Rumion V AT Neo Drive, priced at Rs 13,86,000 (ex-showroom), as a practical option for buyers who need a 7-seater car. This is the top automatic variant of the Rumion lineup and is designed for families who want space, comfort, and easy driving
1 hours ago
Editorial independence is core to our work. Some links may earn us a commission, without influencing our opinions.10 top energy-saving ACs with 5-star ratings, inverter technology, smart features for efficient cooling and lower billsDiscover 10 efficient ACs designed for lower power usage
1 hours ago
Large commercial complexes, textile shops, and jewellery showrooms blast cold air onto the high street in T. Nagar, Chennai, where the average summer temperature is over 35 °C. Shoppers dart from one air-conditioned building to another. But these ACs also cause an urban heat-island effect
1 hours ago
NEET UG 2026: NTA issues dress code guidelines for NEET UG exam, check instructions hereNEET UG 2026 exam will be held on May 3. Check the dress code guidelines issued by the Agency given here. Updated on: May 01, 2026 12:22 PM IST By HT Education Desk | Edited by Papri Chanda Share via Copy link
1 hours ago
reported operating revenue of Rs 141 crore in the fourth quarter of FY26, up from Rs 31.5 crore in the same quarter a year earlier.Revenue from operations for the full year rose about 40% to Rs 226 crore from Rs 161 crore in the previous year.The company also reported a of Rs 60 crore in Q4
1 hours ago
MSBSHSE Maharashtra HSC Result 2026 Date: The Maharashtra State Board of Secondary and Higher Secondary Education (MSBSHSE) has confirmed the date and time for the Class 12 result. The Maharashtra Board 12th Result 2026 will be declared tomorrow, that is, May 2, 2026
1 hours ago
The Maharashtra State Board of Secondary and Higher Secondary Education (MSBSHSE) recently confirmed the much-awaited date and time of Higher Secondary Certificate (HSC) result. Since, Digilocker shared the update that results will be ‘Coming Soon’
1 hours ago
The Securities and Exchange Board of India (SEBI) has operationalised the Past Risk and Return Verification Agency (PaRRVA). The platform will go live from May 4, 2026. CARE Ratings Limited has been recognised as the agency. The National Stock Exchange of India Limited (NSE) will act as the PaRRVA
1 hours ago
GST collection in April 2026 shows a surge as compared to data on March. New Delhi: The gross Goods and Services Tax (GST) collection surged 8.7 per cent (year-on-year) to a record Rs 2,42,702 crore in the month of April despite geo-political uncertainties, latest official data showed on Friday
1 hours ago