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March 11, 2026
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Money laundering probe under PMLA registered and searches conducted after alleged diversion of government funds into shell entities and real estate.
Enforcement Directorate registered a case under the Prevention of Money Laundering Act and searched multiple premises after a vigilance FIR alleging that bank employees and private associates diverted Haryana government funds, used accommodation (hawala) entries, transferred money to shell companies and small jewellery entities, and channelled proceeds into purported gold purchases and real estate, with significant cash withdrawals noted.
March 11, 2026
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Model policy for digital service delivery to standardise Maha e-Seva and Aadhaar centre operations, ensure timely services and operator viability.
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March 11, 2026
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Money laundering probe targets alleged diversion of government deposits at a private bank, prompting searches and shell company tracing.
Enforcement Directorate searches under the Prevention of Money Laundering Act allege that government deposits at a private bank were diverted instead of being placed in fixed deposits; investigations target business entities, ex-bank officials, beneficiaries and real estate agents accused of providing accommodation entries. The agency alleges proceeds were routed through shell companies, layered through transactions, disguised as gold purchases and real estate investments, with substantial cash withdrawals and an identified absconder.
March 11, 2026
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Trade agreements expand market access while preserving domestic safeguards and promoting value-added food exports through targeted support.
India's export expansion strategy combines preferential market access through recently concluded Free Trade Agreements with calibrated domestic safeguards for farmers, fishermen and MSMEs - excluding concessions in sensitive sectors (notably dairy, certain cereals and pulses) and denying duty concessions or market access for genetically modified products - while promoting value addition via the Agriculture Infrastructure Fund and export handholding through the Export Promotion Mission and DGFT to integrate businesses into global value chains.
March 11, 2026
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Merger clearance: acquisition of additional stake in Curefit approved to bolster the Target's capital in the fitness sector.
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March 11, 2026
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Competition approval for acquisition by Cube V of road concession businesses operating under governmental concessions.
The Competition Commission of India approved the proposed indirect acquisition by Cube Highways and Infrastructure V Pte. Ltd. of the road asset businesses housed in DYIPL, DVIPL, DGIPL and DTEHPL, comprising operations that manage roads and highways under governmental concessions. Cube V is registered as a foreign portfolio investor and operates, acquires and manages highway and transport infrastructure assets in India. A detailed order of the Commission will follow.
March 11, 2026
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Free Trade Agreements enabling preferential market access for Indian agricultural and processed food exports through standards and research.
The press release highlights that expanding Free Trade Agreements are enabling preferential market access for Indian agricultural and processed food exports and that APEDA, at AAHAR 2026, released research reports on key crops and launched packaging design solutions and technical standards with the Indian Institute of Packaging aimed at improving protection, shelf life and market presentation for region-specific, GI-tagged and organic products to support export competitiveness.
March 11, 2026
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Food safety standards underpin promotion of European flour in India, enabling market access and traceable supply chains.
Promotion of premium Italian soft wheat flour in India emphasises compliance with food safety regulations, full traceability and sustainability commitments as the core regulatory assurances supporting market entry and commercial outreach. The campaign presents European milling quality controls - careful wheat selection, computerised traceability, and independent accredited laboratory testing - as operative mechanisms ensuring conformity with EU standards and as commercial assurances to Indian buyers.
March 11, 2026
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UK-India free trade agreement expands market access for UK food and drink exporters, boosting trade engagement at AAHAR.
The UK-India Free Trade Agreement is positioned to enhance market access for UK food and drink exporters by reducing barriers and facilitating faster, cheaper trade. The UK Government, via the British High Commission and the GREAT campaign, is deploying a trade delegation and a UK Pavilion at AAHAR 2026 to translate improved market access into direct commercial engagement with Indian importers, distributors, modern retail and HoReCa operators, emphasising quality, safety and provenance to support long-term trade partnerships.
March 11, 2026
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Temporary waiver for purchase of sanctioned oil allows diversion and refining of en route cargoes to ease supply shortages.
The United States authorised a temporary waiver allowing Indian refiners to accept Russian-origin crude already at sea to address immediate energy supply disruptions amid the Iran-related conflict. The waiver is narrowly targeted to existing cargoes, framed as a short-term operational authorisation to divert, refine and rapidly release oil into markets to blunt price spikes, while officials maintain it does not signify a change in broader policy toward Russia.
March 11, 2026
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UK-India Free Trade Agreement drives West Midlands mission to secure partnerships in clean energy, technology, education and creative industries.
The West Midlands Mayoral-led trade mission to India sought to operationalise the UK-India Free Trade Agreement by securing research and industry alliances, academic partnerships and commercial engagements across clean energy, technology, manufacturing, creative industries and tourism, including a University of Warwick-Tata Power alliance, Aston University and Birmingham City University agreements, and plans for a joint taskforce with the State of Gujarat to formalise sectoral growth collaboration.
March 11, 2026
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RBI intervention prevents further rupee depreciation as outflows and geopolitical tensions pressure the currency, while oil declines temper losses.
The rupee weakened intraday amid foreign institutional investor outflows and Middle East geopolitical tensions, with a softer dollar and falling crude curbing larger losses; reported Reserve Bank of India selling and domestic bond flows helped prevent a breach of a key exchange level and set an intraday trading range.
March 10, 2026
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Pipeline supply agreement enables emergency diesel deliveries to address national fuel shortage and bolster bilateral energy cooperation.
A cross-border supply framework permits direct transport of diesel from India to Bangladesh via the Bangladesh-India Friendship Pipeline under an existing supply agreement providing for an annual allocation and optional additional quantities; recent bilateral negotiations seek to operationalise supplementary deliveries to address an acute domestic fuel shortfall while using the pipeline's capacity to reduce transport time and costs.
March 10, 2026
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Share capital reduction validation upheld as an expert valuation and statutory procedure governs minority buyouts.
The dispute concerned cancellation of minority shareholdings via statutory share capital reduction and whether the valuation met Companies Act requirements. The Court held that share valuation is an expert exercise and evaluated compliance with statutory procedure and notice obligations, noting the NCLT's price adjustment and concluding the company followed prescribed steps for the capital reduction.
March 10, 2026
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Beneficial ownership threshold from land-border countries eased, permitting limited non-controlling stakes under the automatic route with reporting.
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LPG supply prioritisation: committee to allocate commercial gas based on genuine need, availability and essential service priority.
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March 10, 2026
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Cabinet approval of multitracking projects expands rail capacity and improves regional connectivity and logistics efficiency.
Cabinet approval authorises two multitracking projects (Sainthia-Pakur fourth line and Santragachi-Kharagpur fourth line) under the PM Gati Shakti framework to add about 192 km to the rail network across five districts in West Bengal and Jharkhand, increase line capacity to ease congestion, improve passenger and freight service reliability, and enhance multimodal connectivity, regional access, and environmental and logistical efficiencies.
March 10, 2026
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Trade and Economic Partnership Agreement opens high income markets and investment pathways, enabling technology transfer and jobs.
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March 10, 2026
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Independent Director preparedness enables senior defence officers to transition to corporate boards and meet evolving ESG and disclosure expectations.
A two-week certification program prepares senior and recently retired defence officers for service as Independent Directors by teaching the legal and regulatory framework of board responsibilities, fiduciary duties, and practical expectations of corporate boards and executive search firms. The program also addresses strengthening the Corporate Disclosure Framework, aligning domestic norms with global ESG Board Oversight standards, and advancing Trust-Based Regulation alongside Ease of Doing Business to facilitate transition into corporate board roles.
March 10, 2026
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Agricultural credit access expanded through collateral free limits, Kisan Credit Card coverage, and interest subvention measures.
Policy measures expand institutional agricultural credit by setting Ground Level Credit targets derived from district Potential Linked Credit Plans, enforcing Priority Sector Lending allocations with a Small and Marginal Farmers sub target and district incentives, extending Kisan Credit Card coverage to allied activities, providing interest subvention with a prompt repayment incentive, increasing the collateral free loan limit for short term agricultural credit, and mobilising rural infrastructure funding and institutional support to improve liquidity and credit absorption in low disbursement districts.

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PM Modi calls for unity among people to face global crises, tells parties to avoid divisive politics

March 28, 2026

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Noida, Mar 28 (PTI) Prime Minister Narendra Modi on Saturday urged citizens to work with dedication and unity to tackle global challenges and achieve 'Viksit Bharat', while cautioning political parties against making statements that could harm national interests amid the West Asia conflict.

The Prime Minister on Saturday inaugurated the Noida International Airport and in his address said it was essential for India's 1.4 billion people to work hard and face global crises collectively, while stressing that the government prioritises securing India's interests and safeguarding "families and farmers".

Modi, who laid the foundation stone for the greenfield airport in November 2021, emphasised that the government was focused on enhancing citizens' convenience by saving time and reducing costs.

Referring to the ongoing conflict in West Asia, he said he had discussed the situation in detail in Parliament and also held extensive and "very positive" deliberations with the chief ministers of various states.

"I once again appeal to the people of the country that we must face this crisis calmly, with patience and unity. This is a global crisis, but we must prioritise India's interests. That is our greatest strength," he said.

The Prime Minister urged political parties to refrain from making "irresponsible" statements during such times.

"Those who make remarks that harm the country may gain some points in political debates, but such actions will never be forgiven by the people," he said, recalling how voters rejected misinformation campaigns during the COVID-19 pandemic.

The remarks come against the backdrop of political controversies during the COVID-19 pandemic, when Samajwadi Party chief Akhilesh Yadav had publicly expressed reluctance to take a COVID-19 vaccine, triggering a political debate over vaccine hesitancy.

The controversy was a talking point in the run-up to the 2022 UP Assembly elections, in which the Samajwadi Party was defeated, and the BJP retained power.

Modi said that India is confronting the challenges arising from the ongoing conflict in West Asia with full strength.

Highlighting that India depends on crude oil and gas from conflict-affected regions, Modi said the government is taking necessary steps to ensure the burden does not fall on families and farmers.

Modi also inaugurated on Saturday the cargo terminal at the airport and laid the foundation stone for a Maintenance, Repair and Overhaul (MRO) facility to be developed over 40 acres.

"Today marks the beginning of a new chapter in the journey towards a Viksit UP and a Viksit Bharat," he said.

He said Jewar Airport would boost economic activity in the region. "Noida International Airport will create new opportunities for farmers, small traders and youngsters of western UP," he said.

Modi said UP is now among the states with the highest number of international airports and noted that the state which elected him as a Member of Parliament is now identified as a grand aviation hub.

"From here, flights will not only connect to different parts of the world, but will also symbolise the new flight of a Viksit UP. Jewar Airport will connect the entire North India with the world," he said, adding that "the airport is being developed as a state-of-the-art facility with the capacity to handle one aircraft movement every two minutes.

Modi was accompanied by Chief Minister Yogi Adityanath, Civil Aviation Minister Kinjarapu Ram Mohan Naidu and other dignitaries.

Hitting out at the main opposition party in the state, Modi said the Samajwadi Party had turned Noida into an "ATM for loot", but under BJP, it is now emerging as a powerful engine of development.

He added that Noida, once neglected by earlier governments, is now ready to welcome the world, reflecting the spirit of a self-reliant India.

Highlighting the government's aviation policy, Modi said, "We launched the UDAN scheme to ensure that air travel remains within the reach of ordinary families. In the past few years, more than 1.6 crore people have travelled at affordable fares under this scheme." UDAN scheme has recently been expanded with an approved outlay of around Rs 29,000 crore, with plans to develop new airports in smaller cities and build around 200 helipads in the coming years.

Modi said Jewar Airport would benefit a wide region covering Agra, Mathura, Aligarh, Ghaziabad, Meerut, Etawah, Bulandshahr and Faridabad.

Expressing pride, he said UP now ranks among the states with the highest number of international airports.

Modi said the Jewar area is emerging as a logistics hub with the convergence of dedicated freight corridors at Dadri, enabling faster movement of goods to ports in Bengal and Gujarat.

He recalled that the airport project was first approved in 2003 during the tenure of former PM Atal Bihari Vajpayee, adding that improved connectivity would enhance food processing and agricultural exports from western UP.

Modi expressed gratitude to sugarcane farmers, saying ethanol produced from their crop has helped reduce India's dependence on crude oil imports.

He said that without increased ethanol production and its blending with petrol, the country would have had to import an additional 4.5 crore barrels of crude oil annually.

He noted that the initiative has helped save about Rs 1.5 lakh crore in foreign exchange.

Modi said India's aviation sector is growing rapidly, leading to increased demand for aircraft. "These new aircraft and services will require a large workforce for operations, servicing and maintenance. This presents a huge opportunity for the youth," he said.

The PM highlighted the lack of adequate MRO facilities in India in the past, noting that nearly 85 per cent of aircraft had to go abroad for servicing.

"Our government has resolved to make India self-reliant in the MRO sector. Large-scale facilities are now being developed in the country, and an MRO facility has also been launched at Jewar," he said.

Modern transport systems like Metro and Vande Bharat trains are being expanded, Modi said, adding that the Delhi-Meerut Namo Bharat train has already benefited more than 2.5 crore passengers, reducing travel time from hours to minutes.

The Prime Minister said the government has made unprecedented investments in the sector over the past 11 years. "The infrastructure budget has increased more than six-fold. About Rs 17 lakh crore has been spent on highways and expressways, and over 1 lakh kilometres of highways have been constructed," he said.

The first phase of the airport, developed at an estimated cost of Rs 11,200 crore, is envisioned as a multi-modal transport hub.

The project includes a cargo hub with an initial handling capacity of over 2.5 lakh metric tonnes annually, expandable to around 18 lakh metric tonnes. The airport's initial passenger handling capacity will be 12 million passengers per annum, scalable up to 70 million.

Meanwhile, the airport's nodal officer Shailendra Bhatia told PTI that shortly after the event concluded, a state government aircraft made the first landing on the newly built runway, while Chief Minister Adityanath departed on the same aircraft, marking the first takeoff after inauguration.

Officials said regular commercial flight operations are yet to be announced and are expected to begin after the airport security plan receives approval, likely next month. The airport was initially scheduled to commence passenger services from September 2024. PTI CDN KIS DRR MR

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