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    Galgotias University Hosts 'Galgotias Investo Pitch 2026', Awards Grants to 12 Promising Startups
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March 24, 2026
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Startup incubation and investor access drive Galgotias Investo Pitch 2026 with grants for early-stage ventures.
Galgotias University organised "Galgotias Investo Pitch 2026" to support innovation and entrepreneurship by connecting startups with investors, industry leaders, incubation stakeholders, and government representatives. The event focused on startup scaling, venture capital access, business incubation, mentorship, market entry, and the use of artificial intelligence for scalable and cost-effective business growth. The University also announced an endowment grant for twelve early-stage startups as part of its continued support for the startup ecosystem.
March 24, 2026
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Bancassurance partnership drives digital-first insurance access, streamlined underwriting, and broader financial inclusion across underserved markets.
Strategic bancassurance partnership between Axis Max Life Insurance Limited and YES BANK has been reaffirmed as a long-running distribution alliance focused on digital-first delivery and hyper-personalized protection solutions. The collaboration combines the insurer's protection expertise with the bank's branch network and digital infrastructure to deliver insurance through streamlined customer journeys, including video consultations and agile underwriting, across protection, savings, education planning, retirement planning and wealth creation needs. The partnership is also directed toward expanding insurance access in underserved markets and supporting the objective of "Insurance for All by 2047".
March 24, 2026
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LNG supply disruption and force majeure risk could keep global gas prices elevated for years.
Damage to Qatar's Ras Laffan liquefied natural gas terminal has disrupted a major part of the country's LNG export capacity and may trigger force majeure on long-term supply contracts. The facility is complex, costly to repair, and likely to require a prolonged shutdown and staged restoration because LNG plants must be warmed and cooled slowly. The supply shortfall is likely to keep global LNG prices elevated and may shift some markets toward coal.
March 23, 2026
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RoDTEP benefits restored for exporters as West Asia crisis raises freight costs and disrupts maritime trade.
Restoration of RoDTEP benefits was announced for eligible export products from February 23, 2026 to March 31, 2026, with the rates and value caps applicable on February 22, 2026 restored in full. The measure responds to the West Asia crisis and the resulting disruption to global trade, including higher freight costs, rising insurance premiums, and maritime logistics challenges affecting export consignments moving to or through the region.
March 23, 2026
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Conflict of interest framework strengthens disclosure, recusal, and investment restrictions for top market regulator officials.
Sebi approved a conflict of interest and disclosure framework for its top officials, bringing the Chairman and Whole Time Members within the definition of insider and requiring disclosure of assets, liabilities, and immovable property in specified formats. The framework also provides for ethics infrastructure, a digital conflict-management system, a whistleblower mechanism, recusal procedures, and uniform restrictions on investments and trading in equity and equity-related instruments for senior officials.
March 23, 2026
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CAPF recruitment and promotion law draws opposition objections as discussion time is allotted in the Rajya Sabha.
The Business Advisory Committee of the Rajya Sabha allotted eight hours for discussion on the proposed Central Armed Police Forces (General Administration) Bill, 2026, while the Bill was not taken up in the House on the reported day. The proposed umbrella legislation is intended to regulate the recruitment, deputation and promotion of CAPF officers, and several opposition parties objected to its introduction and sought fuller scrutiny of such legislation.
March 23, 2026
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Corporate compliance reform proposals expand CSR flexibility, decriminalise procedural defaults, and streamline mergers and governance.
Proposed amendments to the Companies Act and LLP Act seek to promote ease of doing business, reduce compliance burden, and decriminalise procedural defaults by replacing criminal provisions with civil penalties. The bill also proposes streamlined mergers and amalgamations, hybrid-mode meetings, flexibility in share buy-backs, simplified closure and voluntary exit, and easier compliance for small companies, startups, producer companies, and certain LLPs.
March 23, 2026
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PMLA extradition proceedings advance in Torres jewellery fraud case involving alleged hawala routing and USDT conversion.
Extradition proceedings were initiated under the PMLA against an absconding Ukrainian accused in the Torres jewellery fraud investigation after the Enforcement Directorate approached the special PMLA court for compilation and attestation of papers to prepare a dossier for transmission to foreign authorities. The case concerns allegations that customers were cheated through Platinum Hern Private Limited, operating as Torres Jewellery, by collecting cash in exchange for Moissanite diamonds and other jewellery, with the receipts allegedly routed through hawala operators and converted into USDT cryptocurrency in a money-laundering investigation.
March 23, 2026
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Money laundering attachment over alleged diversion of club funds through fake accounts and routing of proceeds to properties and deposits.
Provisional attachment under the Prevention of Money Laundering Act covered assets worth about Rs 34.51 crore, including movable and immovable properties and fixed deposits linked to persons connected with the United Services Club matter. The Enforcement Directorate alleged that club funds were diverted through fake bank accounts opened in the names of genuine vendors, then routed to personal and joint accounts of the accused and associates. The alleged proceeds of crime were used to acquire properties, create fixed deposits, and channel funds through a trust to accounts linked to a chartered accountant and related entities.
March 23, 2026
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Independent directors must support governance concerns with evidence and record unresolved issues to protect minority shareholder interests.
Independent directors must act responsibly when raising concerns about a company's functioning or proposed actions, and any insinuations affecting governance or minority shareholder interests must be supported by proper evidence. Such concerns should be taken up with the board and, if unresolved, recorded in the minutes of the board meeting. Independent directors may question the company in board-level forums, but they cannot make vague or unsubstantiated allegations and must ensure that minority shareholder interests are protected.
March 23, 2026
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Fiscal discipline and GST compliance in Gujarat are highlighted through surplus targets, controlled debt, higher capital spending and rising tax collections.
Gujarat's fiscal management is said to be maintained under the Gujarat Fiscal Responsibility Act, 2005, with an aim to ensure fiscal stability, accountability and a revenue surplus. The state reportedly remains within prescribed ceilings for fiscal deficit and debt, has not defaulted on debt repayment, and has not taken an overdraft or advance for many years. The discussion also highlights increased capital expenditure, concerns over non-developmental spending and debt burden, and growth in GST taxpayers, return filing compliance and tax revenue.
March 23, 2026
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Paper leak investigation deepens as Bihar Police arrests an alleged gang member linked to the TRE-3 exam case.
Bihar Police's Economic Offences Unit arrested Praveen Kumar Sinha in the BPSC Teacher Recruitment Exam (TRE-3) paper leak case and described him as an active member of the Sanjeev Kumar Singh gang. The statement said the arrest followed a tip-off and that, during interrogation, Sinha claimed he took teacher aspirants to Hazaribagh before the exam and supplied question papers. Officials also said the wider network operates across multiple states and that 293 people have been arrested so far.
March 23, 2026
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Crude oil dependence and West Asia spillovers drive calls for proactive buffering and closer economic monitoring.
India's external dependence on crude oil requires close monitoring of the West Asia crisis and proactive measures to limit adverse spillovers from disrupted energy supplies, trade policy uncertainty and volatility in global commodity and financial markets. India's economic position is described as resilient, supported by adequate foreign exchange reserves, strong growth, sound macroeconomic fundamentals and robust external sector buffers, with an Economic Stabilisation Fund suggested as an additional buffer against external shocks.
March 23, 2026
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Rupee pressure intensifies as it breaches the 94 mark intraday amid crude, equity and global sentiment weakness.
The rupee breached the 94 level against the US dollar in intraday trade for the first time before closing unchanged at 93.53. The movement reflected pressure from global market conditions, including a correction in crude prices, weakening domestic equities, foreign institutional investor outflows and broader geopolitical tensions, while the dollar index remained firm. Intermittent intervention by the Reserve Bank was expected to provide support at lower levels.
March 23, 2026
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Techno-commercial feasibility governs any possible resumption of Iranian crude imports amid sanctions, payment and logistics uncertainty.
India may resume buying Iranian crude only if it is techno-commercially feasible, with the decision shaped by refinery compatibility, pricing, sanctions relief, and available payment, insurance and logistics mechanisms. The report says the payment route remains unclear because Iran is cut off from SWIFT and earlier settlement channels are no longer available. Any return to imports would depend on commercial and geopolitical conditions rather than technical constraints.
March 23, 2026
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Energy security and fiscal discipline dominate Finance Bill debate as parties clash over fuel prices, taxes and trade deficits.
Petroleum pricing, corporate tax collection, energy security, fiscal discipline and free trade deficits were raised during the Finance Bill debate. One side alleged that the government was avoiding a petrol and diesel price hike because of upcoming elections and questioned the gap between corporate tax and income tax collections, while the response defended the decision not to raise fuel prices and highlighted diversification of oil sourcing as part of energy security. The debate also criticised earlier enforcement of the Benami Transactions Act and minimum alternate tax, and questioned compliance with fiscal discipline and the trade deficit under free trade agreements.
March 23, 2026
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RoDTEP benefits restored for exporters as duty remission rates and caps are reinstated amid West Asia trade disruption.
Restoration of RoDTEP benefits to exporters was announced through a DGFT notification in response to disruption in global trade caused by the West Asia crisis. The notification restored the RoDTEP rates and value caps applicable on February 22, 2026, for all eligible export products, with effect from February 23, 2026 to March 31, 2026. The measure reverses the earlier reduction in duty benefits and revives the higher remission level for the specified period.
March 23, 2026
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Federal immigration deployment at airports highlights shutdown pressures, TSA checkpoint strain, and disputes over immigration enforcement policy.
Federal immigration officers were seen at Atlanta's airport after the President said agents would be deployed to assist Transportation Security Administration operations during a government shutdown. Their presence at airport checkpoints is unusual because screening there is typically handled by transportation security officers, while the deployment is linked to a lapse in Department of Homeland Security funding and wider disagreement over immigration enforcement.
March 23, 2026
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Nuclear power tariff regulation faces scrutiny over steep Kudankulam pricing, cost assumptions, and lack of independent oversight.
Concerns were raised over the indicative tariff proposed for electricity from Kudankulam Nuclear Power Plant Units 3 and 4, as it represents a sharp escalation over the tariff currently applicable to Units 1 and 2 and may exceed prevailing competitive benchmarks. The tariff was described as likely to impose a substantial long-term burden on Tamil Nadu and other southern states, especially because nuclear power is must-run supply and pricing is presently determined administratively without independent regulatory oversight.
March 23, 2026
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Gold and silver prices fall sharply as weak demand, rate expectations, and dollar strength pressure bullion markets.
Gold and silver prices fell sharply in Delhi amid subdued domestic demand and weak global trends. Analysts linked the decline to higher interest rate expectations, stronger US Treasury yields, a firmer dollar, and inflation concerns arising from geopolitical tensions. The commentary also noted that slower reserve accumulation by some central banks and weaker spot prices overseas added to the pressure on bullion markets.

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News and Press Release

110th Meeting of Network Planning Group under PM GatiShakti evaluates key Infrastructure projects

March 21, 2026

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NPG evaluates projects from Ministry of Railways, Ministry of Housing and Urban Affairs, Ministry of Road, Transport and Highways

The 110th meeting of the Network Planning Group (NPG) was convened at the Department for Promotion of Industry and Internal Trade (DPIIT) to evaluate infrastructure projects. The meeting focused on enhancing multimodal connectivity and logistics efficiency in alignment with the PM GatiShakti National Master Plan (PMGS NMP). The NPG evaluated 02 Rail projects, 02 Metro projects, 02 Road and Highway projects for their conformity to the PM GatiShakti principles of integrated multimodal infrastructure, last-mile connectivity to economic and social nodes and ‘Whole of Government’ approach. These initiatives are expected to boost logistics efficiency, reduce travel times, and deliver significant socio-economic benefits to the catchment areas of the project. The evaluation and anticipated impacts of these projects are detailed below:

Doubling of Rail line from Arakkonam to Chengalpattu (Tamil Nadu)The Ministry of Railways has proposed the doubling of the existing single broad-gauge railway line between Chengalpattu (CGL) and Arakkonam (AJJ) in Tamil Nadu. The project spans approximately 67.794 kilometres and passes through the districts of Chengalpattu, Kanchipuram, and Ranipet under the administrative jurisdiction of the Chennai Division of Southern Railway. The alignment covers 12 stations, including the junction stations at Chengalpattu and Arakkonam, five crossing stations, and five halt stations along the route.

The proposed doubling aims to enhance line capacity, improve operational efficiency, and facilitate smoother movement of passenger and freight traffic along this important corridor. The project is expected to reduce congestion, minimize delays, and strengthen regional connectivity, supporting economic growth and improved rail services across the region.

Proposed Quadrupling between Whitefield and Bangarpet Stations (Karnataka): The Ministry of Railways has proposed the construction of a double line between Whitefield and Bangarpet stations in Karnataka, covering approximately 47 km. The proposed quadrupling of the Whitefield–Bangarpet section is aimed at significantly enhancing logistics efficiency along the Bengaluru–Chennai corridor. Under the plan, the existing double line will be prioritized for passenger services, while the additional two lines will primarily handle freight traffic, reducing detention, improving punctuality, and augmenting overall line capacity.

This strategically important corridor provides vital inter-state connectivity between Karnataka and Tamil Nadu and supports substantial freight movement. The project is expected to lower transportation costs and enhance the global competitiveness of Indian industry by facilitating efficient movement of containerized EXIM cargo, steel, cement, petroleum products, fertilizers, and agricultural produce. With support from key freight terminals and sidings, the initiative will strengthen supply chains, optimize logistics operations, and contribute to sustained industrial and regional economic growth.

Ministry of Housing and Urban Affairs (MoHUA)

Mumbai Metro Line 11 (Anik Depot to Gateway of India) (Maharashtra): The Ministry of Housing and Urban Affairs has proposed the construction of Mumbai Metro Line–11 from Anik Depot to Gateway of India in Maharashtra, spanning a total length of 17.41 km. The fully underground corridor will feature multiple interchange stations connecting operational and upcoming metro lines, further strengthening the integrated metro network of approximately 337 km across the Mumbai Metropolitan Region. The alignment will provide high-capacity connectivity to key residential, commercial, institutional, and heritage areas of South and Central Mumbai, including Wadala, Byculla, Nagpada, Crawford Market, CSMT, Horniman Circle, and the Gateway of India.

The project is expected to deliver significant socio-economic benefits by easing road congestion and enhancing overall urban mobility. It will result in savings in travel time, vehicle operating costs, and fuel consumption, while also contributing to reduced road accidents and lower air pollution levels. The implementation of Metro Line–11 will substantially augment Mumbai’s public transport infrastructure and support the development of a more efficient, sustainable, and environmentally responsible urban transport system.

Pune Metro Rail Project Line-4B: Hadapsar-Loni Kalbhor and Line-4C: Hadapsar Bus Depot to Saswad Road (Maharashtra): The Ministry of Housing and Urban Affairs has proposed the development of Pune Metro Line–4 extensions (4B and 4C) in Maharashtra, covering a total length of 16.67 km. The proposed corridors are aimed at strengthening connectivity in Pune’s eastern and south-eastern regions by linking key residential, industrial, and emerging township areas along the Pune–Solapur Highway and Saswad Road, including Hadapsar, Manjari, Lonikalbhor, Phursungi, Bhekrai Nagar, and Wadki. Line–4B (Hadapsar–Lonikalbhor) will run along the Pune–Solapur Highway, while Line–4C (Hadapsar Bus Depot–Saswad Road) will extend along Saswad Road with seamless integration at Hadapsar.

The project is expected to significantly enhance Pune’s public transport infrastructure by improving connectivity with major bus depots and the Pune–Daund railway line. The extensions will facilitate smoother urban mobility, reduce road congestion and travel time, and contribute to lower vehicular emissions. The initiative will support sustainable urban growth and provide efficient, reliable public transport options for the expanding metropolitan region.

Ministry of Road, Transport and Highways (MoRTH)

Construction of 4 Lanning of Badnawar-Petlawad-Thandla-Timarwani from Badnawar Bypass  Timarwani Interchange of Delhi Mumbai expressway (NE-4)(Madhya Pradesh): The Ministry of Road Transport and Highways has proposed the four-laning of the 80.450 km Badnawar–Petlawad–Thandla–Timarwani corridor in Madhya Pradesh to enhance regional connectivity and strengthen economic integration. The upgraded highway will improve linkages between Badnawar, Petlawad, and Thandla and major cities including Ujjain, Dewas, Bhopal, Indore, Ratlam, Dahod, and Godhara, facilitating better access to essential services, markets, and employment opportunities.

The project will also provide seamless connectivity to the PM MITRA (Pradhan Mantri Mega Integrated Textile Region and Apparel) Park near Dotriya village in Dhar district, along with improved access to the Delhi–Mumbai Expressway and the Pithampur logistics hub. The enhanced corridor is expected to boost industrial growth, improve freight efficiency, and contribute significantly to the socio-economic development of the region.

Construction of FotuLa Tunnel with Approaches on NH-1(Ladakh): The Ministry of Road Transport and Highways has proposed the construction of the 2.65 km Fotu La Tunnel in the Union Territory of Ladakh to ensure reliable, all-weather connectivity along the Srinagar–Leh corridor (NH-01). The tunnel will bypass one of the highest and most weather-sensitive stretches of the highway, preventing frequent winter closures caused by heavy snowfall, avalanches, and black ice. The project is expected to reduce travel distance by approximately 8.5 km and cut travel time by around 23 minutes, significantly enhancing safety and operational efficiency.

Strategically important, the tunnel will facilitate uninterrupted movement of defence convoys and essential supplies, strengthening logistics along this critical route. It will also promote socio-economic development by ensuring stable connectivity between Leh, Kargil, and Srinagar, benefiting key locations such as Kargil, Khaltsi, Budhkharbu, Lamayuru, and Leh. Year-round access will improve connectivity to Leh Airport, support remote habitations, and drive sustained economic growth in Ladakh by maintaining continuous linkage with the rest of the country.

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