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    Funeral held for Turkish truck driver killed in missile strike in Iran
    Maharashtra govt will look into hotel sector's commercial gas supply concerns: Bhujbal
    Indian crude tanker sails out of UAE's Fujairah safely
    Govt bars piped cooking gas users from holding LPG connections, PNG rollout to be fast-tracked
    India well-placed to deal with any situation on crude oil, fuel amid West Asia supply shock: Goyal
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    The Latest: Iran threatens UAE ports as war enters third week
    Punjab govt to set up 3 exhibition centres: Chief Minister Bhagwant Mann
    Jitendra Singh lays foundation stone of Rs 600 cr pharma manufacturing facility in Kathua district
    TN govt appoints Bala Naga Devi as DGP Intelligence
    'Boils my blood when I see Chinese imports,' says Kejriwal, offers support to Punjab industry
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    Union Minister Of Commerce And Industry Shri Piyush Goyal Urges Industry To Leverage India–EFTA TEPA; Highlights $100 Billion FDI Commitment And Pot...
    APEDA Facilitates First Export of GI-Tagged Joha Rice from Assam to the United Kingdom and Italy
    Economic Stabilization Fund to help deal with unanticipated crisis: Sitharaman
    India's forex reserves drop USD 11.68 bn to USD 716.81 bn
    Best Crypto Presale: Deepsnitch AI Targets 300X With Unique Narrative as Digitap and Remittix Struggle in Crowded Finance Sector With Products Yet To ...
    Fitch ups India's GDP growth estimate for FY26; projects USD 70/barrel oil in 2026
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March 15, 2026
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Strait of Hormuz access disrupted, prompting multinational responses and elevated risks to regional shipping and energy flows.
A civilian freight convoy returning from Afghanistan to Turkey was struck near Zanjan in northwest Iran, killing a Turkish truck driver and leaving his vehicle shredded by shrapnel with a large crater at the site. Concurrent regional developments include restrictions on Strait of Hormuz access for certain states, discussion of strikes on energy infrastructure, a planned phased partial shutdown by a major aluminum producer due to blocked exports, and humanitarian and ordnance-clearance responses to civilian impacts.
March 15, 2026
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Domestic gas priority may limit commercial hotel supplies; government seeks balanced approach to prevent operational disruptions.
The central advisory mandates uninterrupted household PNG and CNG supply and has led to regulated reductions in industrial and commercial gas deliveries, with commercial LPG allocated to states for priority distribution; Maharashtra will review hotel sector concerns and seek a balanced approach to protect domestic consumers while addressing commercial supply hardships.
March 15, 2026
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Maritime safety: Indian-flagged tanker sailed from UAE after terminal attack, ensuring crew safety and fuel supply continuity.
An Indian-flagged crude tanker departed Fujairah safely after an attack on the oil terminal, with all crew reported safe. The Directorate General of Shipping has activated a control room to monitor vessel movements, handle communications, facilitate repatriation and coordinate with ship owners, RPSL agencies, Indian Missions and central ministries to ensure maritime safety, seafarer welfare and continuity of fuel supplies amid disruptions to Gulf shipping routes.
March 15, 2026
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Piped gas priority: consumers with PNG must surrender domestic LPG connections, suppliers barred from providing refills.
The Ministry amended the LPG (Regulation of Supply and Distribution) Order to require consumers with PNG connections to surrender domestic LPG connections and forbade Government oil companies and distributors from providing domestic LPG connections or refills to consumers who already own PNG, while PNGRB instructed CGD companies to prioritise and accelerate domestic PNG rollout, deployment, permissions, and last-mile connectivity to reduce pressure on LPG supplies.
March 14, 2026
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Energy security measures bolster fuel supply and exporter support amid West Asia supply disruptions with insurance cover and diversified imports.
The government has increased kerosene production as an alternative cooking fuel, diversified LPG/LNG and crude import sources to mitigate shipping-route disruptions, and maintained sufficient fuel stocks. The Commerce Ministry is engaging stakeholders through a 24-hour helpline and developing schemes that provide insurance cover for export cargo damaged, lost or delayed due to maritime disruptions, with a forthcoming concrete action agenda to support exporters.
March 14, 2026
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Advance tax e campaign alerts: taxpayers told to ignore inaccurate emails and verify transactions on the Compliance Portal.
The tax authority advised taxpayers to ignore recent email alerts about significant transactions from the Advance Tax e Campaign because some messages contained inaccurate transaction details; it is coordinating with its service provider to resolve the issue and directed taxpayers to verify details using the e Campaign tab on the Compliance Portal via the e Filing portal to ensure appropriate advance tax compliance.
March 14, 2026
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Attack on critical port infrastructure declared legitimate targets, prompting evacuation warnings and heightened risks to energy transit.
Iran threatened strikes on UAE ports, urging evacuation of Jebel Ali, Khalifa and Fujairah after alleging US forces operate from those civilian facilities and thereby designating them legitimate targets; the warning accompanies ongoing missile and drone exchanges, reported damage to Iran's Kharg Island oil export terminal and disruption of the Strait of Hormuz, while the UAE detained foreigners for posting alleged war-related disinformation.
March 14, 2026
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Exhibition centres to be established to boost industry and exports, providing platforms for product showcases and value-added agriculture.
The Punjab government will establish three world-class exhibition centres at Ludhiana, New Chandigarh and Amritsar to give industry dedicated venues to showcase products, boost commerce, attract investment and support export-oriented growth as part of a wider strategy to expand food processing, encourage agricultural diversification, and increase farmer incomes through value addition.
March 14, 2026
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Production Linked Incentive Scheme drives domestic manufacture of a critical antibiotic intermediate to reduce import dependence and boost supply resilience.
The project establishes domestic manufacture of the critical antibiotic intermediate Amino Cephalosporanic Acid (ACA) in Kathua, financed under the Production Linked Incentive Scheme with public facilitation, aiming to reduce import dependence, strengthen pharmaceutical supply resilience, generate local employment, and align with the Biopharma Shakti policy to expand national biopharmaceutical capacity.
March 14, 2026
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Police appointments: state upgrades and reassigns senior intelligence and economic offences officers, creating additional charges for related posts.
The state government upgraded and appointed B Bala Naga Devi from Additional DGP, Intelligence to DGP, Intelligence, while assigning additional charge to Santosh Kumar as Additional DGP, Economic Offences Wing and to Rupesh Kumar Meena as Additional DGP, Civil Supplies CID to maintain leadership continuity across those divisions.
March 14, 2026
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Industry support pledged to strengthen domestic manufacturing and reduce reliance on imports, with state backing for exporters.
Commitment to state-led industry support in Punjab to promote domestic manufacturing, reduce dependence on imported consumer goods, provide required environment and resources to enable local manufacturers to compete with foreign suppliers and begin exporting, and remove government interference to restore regional industrial competitiveness.
March 14, 2026
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Electricity tariff reduction sought to offset rising production costs amid fuel supply disruption and request for repayment moratorium.
Industrial associations in Chhatrapati Sambhajinagar formally sought a reduction in electricity tariffs to alleviate rising production costs from disrupted fuel supplies, alongside a moratorium on loan repayments and expedited permits for alternative fuels; these demands were compiled after an administrative request and presented to the State Industries Minister, who acknowledged limited gas stocks but urged continued operations.
March 13, 2026
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Currency depreciation driven by strong dollar, foreign outflows and rising oil prices pressures domestic exchange rate stability.
The rupee fell to a fresh record low against the US dollar amid a stronger dollar, heavy foreign portfolio outflows and sustained equity market selling. Rising crude oil prices, higher US treasury yields and geopolitical risk heightened market risk aversion, while RBI data showed a notable weekly decline in gross forex reserves; analysts warned these factors collectively impart a negative near term bias on the currency and provided a projected trading range.
March 13, 2026
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Bilateral trade agreement talks continue amid US tariffs and Section 301 investigations affecting timing of formal signing.
India and the United States continue negotiations on a first-phase bilateral trade agreement with chief negotiators finalising contours and legal text, but signing is deferred until US tariff policy and related measures are clarified. Recent US actions - including a court-affected tariff decision, the imposition of temporary across-the-board levies, and initiation of Section 301 investigations into multiple economies - have affected timing though not the ongoing engagement; Indian officials say the US intends to calibrate tariffs to preserve India's comparative advantage and preferential access under the proposed pact.
March 13, 2026
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Legally binding investment commitment spurs FTA-driven investment and enhanced market access while preserving sensitive sector protections.
The India-EFTA TEPA embeds a legally binding investment commitment within an FTA, paired with a safeguard clause allowing India to claw back FTA benefits if investment pledges are unmet. The agreement furnishes near-complete services market access across EFTA parties, enables technology collaboration and capacity building, and maintains protections for sensitive sectors such as agriculture and dairy. A dedicated FTA facilitation desk and stakeholder engagement are promoted to convert treaty commitments into investment, trade and employment outcomes.
March 13, 2026
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Geographical Indication protection enabled first exports of Joha rice to the UK and Italy, expanding premium market access.
APEDA facilitated the first export consignments of Geographical Indication-tagged Joha rice to the United Kingdom and Italy by coordinating certification, exporter registration, processing and packing with state agriculture and plant quarantine authorities to ensure compliance with export standards.
March 13, 2026
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Economic Stabilization Fund to provide fiscal headroom for unanticipated crises and preserve the year's fiscal deficit within revised estimates.
The government proposes an Economic Stabilization Fund established via inter-account transfers in the second batch of supplementary demands for grants to create fiscal headroom for unanticipated crises and supply-chain disruptions; the fund is to be financed by a mix of net cash outgo and savings, and the additional expenditure is stated not to alter the fiscal deficit relative to the Revised Estimates.
March 13, 2026
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Foreign exchange reserves decline as central bank reports weekly reductions across foreign currency assets, gold, SDRs and IMF position.
India's foreign exchange reserves declined by USD 11.683 billion to USD 716.810 billion for the week ended March 6. The change comprised a USD 9.880 billion fall in foreign currency assets to USD 563.245 billion, a USD 1.612 billion decrease in gold reserves to USD 130.017 billion, a USD 0.146 billion reduction in SDRs to USD 18.720 billion, and a USD 0.045 billion drop in the IMF reserve position to USD 4.828 billion; foreign currency assets are stated in dollar terms including valuation effects of non US currencies.
March 13, 2026
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Presale utility claim: DeepSnitch AI touts a live verification network and presale mechanics with investor disclosures.
DeepSnitch AI is presented as an operational presale with a live verification intelligence network monitoring smart contracts, whale activity, liquidity changes, and suspicious on chain behaviour, contrasted with competitors whose promised features remain undeveloped; the article specifies presale stage, per token pricing, a confirmed presale deadline, a claim period before DEX listing, promotional early buyer bonuses, and a closing risk disclaimer advising independent financial advice and disavowing editorial responsibility.
March 13, 2026
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Monetary policy stance maintained; rates expected steady while inflation risk rises amid higher oil prices and trade shifts.
Fitch raised India's near-term GDP forecasts, attributing growth to domestic demand and investment, noted national accounts rebasing that smooths GDP estimates, and projected a short-term easing then recovery in investment linked to looser financial conditions. The report warns that higher global oil prices raise inflation risk while the Reserve Bank's neutral stance and expectation of unchanged policy rates are likely to persist. It also highlights that weaker domestic demand may boost net trade contribution and that external legal/regulatory changes, including a lower US effective tax rate and Section 122 tariffs, will affect external demand.

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Applications Are Open for ClimateLaunchpad, the World’s Largest Green Business Ideas Competition

March 5, 2026

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SINGAPORE, March 4, 2026/AgilityPR-AsiaNet/ -- ClimateLaunchpad , the world's largest green business ideas competition by Climate KIC , has opened applications for its 2026 edition. Since 2014, the programme has supported nearly 5,000 ideas across 97 countries. This year, it is expanding its presence in Asia with Singapore hosting both the regional final and Global Grand Final for the first time. The competition is therefore partnering with regional partners Better Earth Ventures and TPC Group. “Strengthening ClimateLaunchpad’s presence in Asia marks a profound new chapter for this programme and for the climate innovation movement more broadly. Asia is where so much of the world’s climate and nature future will be shaped, through business leadership, public-private partnerships and long term strategic thinking. We look forward to supporting this momentum with new business ideas and innovation ecosystem collaborations across more than a dozen countries. This expansion opens space for deeper cross-cultural connections and for first-time founders to turn sparks of imagination into solutions that serve both people and planet.” - Kirsten Dunlop, CEO of Climate KIC. What is ClimateLaunchpad and how to join? Since its launch in 2014, ClimateLaunchpad has become the most accessible pipeline for green innovation. The curriculum is designed to turn ideas on the back of a napkin into battle-proof businesses. Participants move through several stages: • An initial mini-course to refine the concept. • An intensive multi-day Boot Camp led by expert trainers. • Targeted coaching to perfect value propositions and investor pitches. • National and regional finals, where teams pitch to expert juries and gain wider visibility. • A place at the Global Grand Final, with prizes and access to a global climate network. In 2025, the programme received over 2,700 applications from 40 countries. The winning ventures gain prize money, investor connections, and access to a global cleantech network. Applications are now open for the 2026 edition of ClimateLaunchpad . Climate innovators, green venture builders, and entrepreneurs from around the world can apply here . Partnering with regional players This year, Climate KIC is partnering with Better Earth Ventures to host both ClimateLaunchpad Singapore and the Global Grand Final. Better Earth Ventures is a Singapore-based climate innovation platform supporting early-stage founders across Asia-Pacific. As the local delivery partner, they bring deep ecosystem relationships and hands-on experience running climate and agrifood innovation programmes, with a focus on turning promising ideas into scalable ventures. Their work is grounded in the belief that global change starts with local action, and that supporting entrepreneurs on the ground is key to building a resilient green economy. “We are proud to host ClimateLaunchpad’s Regional and Global Grand Final in Singapore and to convene an international group of climate entrepreneurs from more than 50 countries. Climate solutions are emerging from every corner of the world, and bringing them together creates the kind of cross-border exchange and collaboration this moment demands. Our focus is to ensure early-stage founders have the structure, ecosystem access and support needed to move from idea to credible impact.” - Rebecca Sharpe, Founder and CEO Better Earth Ventures At the same time, the competition is entering a new chapter with Singapore-based TPC (Tsao Pao Chee) bringing a perspective rooted in interconnectedness. TPC is a fourth-generation family business ecosystem committed to advancing the well-being economy, with activities spanning global logistics, impact investment, education, and philanthropy. This perspective recognises that climate, economy, culture and community do not operate separately. Addressing the climate crisis requires understanding how these systems overlap and designing solutions that reflect that reality. This systems perspective also informs the work of NO.17 Foundation, part of the TPC ecosystem, which focuses on aligning capital, collaboration, and execution so that climate innovation can move from promising ideas to scalable systems change. “Climate innovation is ultimately a human endeavour before it is a technological one. The most powerful solutions often emerge from people closest to the realities of climate change. Platforms like ClimateLaunchpad help connect these founders with the networks, capital, and collaboration needed to turn local insight into solutions that can scale globally.” - Luis Alvarado Martinez, CEO of No. 17 Foundation The partner network ClimateLaunchpad is supported by long-term partners like Bank of America and Irish Aid. Support from Bank of America strengthens the ecosystem from the earliest stages, giving visibility to solutions that can deliver real-world impact and reshape our economy. Meanwhile, Irish Aid empowers entrepreneurs in emerging markets, ensuring those on the front lines of climate change have the tools to build their own local solutions. Application open: Climate innovators, green venture builders, and entrepreneurs from around the world can apply here . About Climate KIC Climate KIC is Europe’s leading climate innovation agency and community, creating climate-resilient communities and fighting climate breakdown by mobilising systems change in countries, regions, cities, and businesses. Together with partners across the globe, Climate KIC orchestrates solutions and facilitates learning to bridge the gap between climate commitments and current reality, driving faster and more ambitious action. About Better Earth Ventures Better Earth Ventures is dedicated to accelerating the development and deployment of transformative technologies and initiatives that mitigate climate change and promote sustainable living. Located in Singapore, we serve as a pivotal gateway to Asia-Pacific, with a strong regional network of commercial partners, investors and mentors to help growth-stage businesses scale sustainably across borders. Through collaboration, mentorship, and strategic partnerships, we empower visionary entrepreneurs to drive tangible impact and pave the way for a resilient and thriving planet. About TPC (Tsao Pao Chee) TPC (Tsao Pao Chee) is a fourth-generation family business holding company headquartered in Singapore that is committed to empowering the well-being and happiness economy. TPC does this by supporting global connectivity and resilience through its supply chain and logistics activities, and well-being-focused activities aimed at fostering individual and collective growth. TPC’s purpose-led well-being business ecosystem comprises IMC Industrial, OCTAVE, and multiple non-profit organisations, including OCTAVE Institute, NO.17 Foundation and Restore Nature Foundation, operating in unity to add value to life, with corporate offices in the People’s Republic of China, Thailand, Indonesia, and Japan. Find out more about TPC (Tsao Pao Chee) at tsaopaochee.com and on LinkedIn. About NO.17 Foundation NO.17 Foundation is the nexus of capital, consciousness, and collaboration in the Well-being Era – the philanthropic heart of TPC (Tsao Pao Chee). Rooted in SDG 17: Partnerships for the Goals, NO.17 unites values-aligned funders, partners, and changemakers to catalyse systemic transformation. Through trust-based giving, regenerative coalitions, and strategic ecosystem building, we activate new forms of capital – financial, social, cultural, spiritual, institutional, ecological, and human – as a force for collective flourishing. Explore our movement to make philanthropy as a field of love for transformation at https://17foundation.org and on LinkedIn. About Bank of America Bank of America is one of the world’s leading financial institutions, serving individual consumers, small and middle-market businesses and large corporations with a full range of banking, investing, asset management and other financial and risk management products and services. The company provides unmatched convenience in the United States, serving approximately 69 million consumer and small business clients with approximately 3,700 retail financial centers, approximately 15,000 ATMs (automated teller machines) and award-winning digital banking with approximately 59 million verified digital users. Bank of America is a global leader in wealth management, corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world. Bank of America offers industry-leading support to approximately 4 million small business households through a suite of innovative, easy-to-use online products and services. The company serves clients through operations across the United States, its territories and more than 35 countries. Bank of America Corporation stock is listed on the New York Stock Exchange (NYSE: BAC). About Irish Aid Irish Aid is the Government of Ireland’s international development cooperation programme. It works in more than 80 countries to reduce poverty, hunger and humanitarian need, often focusing on climate action, gender equality and strengthening governance. gov.ie As part of Ireland’s foreign policy, Irish Aid supports inclusive development, helps communities adapt to climate change, and backs early-stage innovation in underserved regions. Its approach emphasises giving a voice, platform and opportunity to entrepreneurs worldwide — especially in regions hardest hit by climate risks. (Disclaimer: The above press release comes to you under an arrangement with Asianet and PTI takes no editorial responsibility for the same.). PTI

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