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Cm Devendra Fadnavis: 130-acre startup & innovation hub to come up in Wadala | Mumbai News


Mumbai: CM Devendra Fadnavis on Friday announced that a 130-acre world-class startup and innovation hub will be developed in Wadala to strengthen Maharashtra’s innovation ecosystem and support emerging businesses. The proposed hub will provide modern infrastructure and a comprehensive support system for startups, including incubation centres, research and development facilities, co-working spaces and technology support services. The initiative aims to promote entrepreneurship and create a strong platform for innovation-driven enterprises in sectors such as fintech, artificial intelligence, biotechnology and digital technologies. The project is expected to attract both domestic and global startups and investors. TNN



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‘Too many ill-wishers’: Russia declines to disclose crude export data for India



Russia on Friday said it would not disclose details of Russia’s crude oil exports to India, citing security and geopolitical concerns amid heightened tensions in global energy markets, reported PTI.Kremlin spokesman Dmitry Peskov said Moscow would keep the figures confidential and would not release quantitative information about oil shipments to India.“No, of course, we’re not going to provide any quantitative data for obvious reasons. That’s the first thing. There are too many ill-wishers,” Peskov said.His remarks came hours after US Treasury Secretary Scott Bessent said Washington had issued a temporary 30-day waiver allowing Indian refiners to purchase Russian oil, amid disruptions caused by the ongoing West Asia conflict.Peskov was responding to questions about Indian media reports suggesting that Russia could deliver around 22 million barrels of crude oil to India within a week.Earlier on Thursday, Russian state television aired a map showing multiple oil tankers moving from the Arabian Sea towards the Bay of Bengal, apparently heading to refineries on India’s eastern coast.Meanwhile, Russian Deputy Prime Minister Alexander Novak said Moscow was ready to increase crude supplies to India and China, as both countries face energy supply disruptions following US-Israeli strikes on Iran and the effective closure of oil transit through the Strait of Hormuz due to Tehran’s retaliatory actions.



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NHAI promises uninterrupted fuel, bitumen supply amid rising cost concerns | India News


NHAI promises uninterrupted fuel, bitumen supply amid rising cost concerns

NEW DELHI: National Highways Authority of India (NHAI) on Friday assured highways builders that adequate supplies of fuel, bitumen and other essential inputs would be maintained amid concerns over a likely fall in availability of bitumen and increase in fuel prices.Highway builders, in a meeting with NHAI chairman Santosh Kumar Yadav, flagged that the prolonged conflict in West Asia is likely to impact project cost and even toll collection on stretches that get a high share of port-bound traffic. They also urged the highways authority to declare the prevailing situation as a force majeure event for highway projects to help them protect against revenue shortfall and extension of concession periods.Officials said the National Highway Builders Federation (NHBF) flagged several issues including possible increase in prices of essential inputs that could impact the pace of highways construction.“NHAI chairman said they are in continuous coordination with IOCL, which has confirmed sufficient stock availability of fuel and bitumen, with no major supply disruptions anticipated. He advised contractors to immediately approach NHAI regional offices and field authorities in case of supply disruptions,” said a person who attended the virtual meeting.Yadav assured developers that NHAI would coordinate with local administrative authorities to ensure uninterrupted material availability.The highway developers said they anticipated an increase in transportation cost on the back of increase in diesel price and rising input material costs are expected to escalate transportation expenses. They also suggested NHAI to reduce the price indexation lag from three months to one month to better reflect real-time market conditions and prevent under-compensation to contractors.



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‘Will make Tehri important place for water, adventure sports’: CM Dhami attends Tehri Lake Festival | India News


'Will make Tehri important place for water, adventure sports': CM Dhami attends Tehri Lake Festival
“We will continue our efforts to give more speed to the possibilities here and to give them wings. We have started this. We will work to move this forward”, Dhami said.

TEHRI GARHWAL (UTTARAKHAND): Uttarakhand chief minister Pushkar Singh Dhami on Friday attended the Tehri Lake Festival Himalayan-O2 2026, highlighting the objective to make it a major hub for sports. Adressing the event, he said, “Our government’s goal is to make Tehri an important place for water and adventure sports. A place where national and international athletes come for water sports and adventure sports,” he said, adding that sports such as kayaking, canoeing, jet skiing, and scuba diving are being encouraged.“We will continue our efforts to give more speed to the possibilities here and to give them wings. We have started this. We will work to move this forward”, he added. Highlighting that the development of the Tehri Lake is being carried out as part of the Pratam Gram of Timan village, he said, “Rs 1.3 billion has been invested in the development of the Tehri Lake and the construction of the Ring Road.”Encouraging the players to pursue their sports, he assured them of support from the government. “I would like to tell all our players that they should dedicate themselves to the sport, and they should carry this feeling with them in their lives. I would like to tell all the young players that they should move forward with full dedication, enthusiasm and self-confidence to realize their dreams,” said Dhami.“I am sure that in the future, you will definitely make India and our state proud on national and international stages,” he added. Tehri Lake is steadily emerging as a major attraction for tourists from across India and abroad. Under the leadership of chief minister Dhami, tourism in Uttarakhand is gaining a new identity. The CM also emphasized that through tourism, new employment opportunities are being created for local youth.



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No shortage of funds for development works, no place for laxity: Delhi CM | India News


No shortage of funds for development works, no place for laxity: Delhi CM

NEW DELHI: Chief minister Rekha Gupta on Friday reiterated that there would be no shortage of funds for development works in Delhi, also asserting that laxity will not be tolerated.Gupta chaired a review meeting on road and drainage works approved earlier and directed the departments concerned to complete tendering processes by March end to ensure that the projects are completed before monsoon.“The pace of development works must be visible on the ground. Development projects worth approximately Rs 3,786 crore in total have been approved so far under three departments. All agencies must work in close coordination and expedite the completion of pending documentation,” the chief minister said.The meeting was held to review works under the Chief Minister Development Fund (CMDF), the Delhi Village Development Board (DVDB) and the Trans-Yamuna Area Development Board.“In order to strengthen basic infrastructure in the capital, a large number of projects have been approved under the CMDF scheme. So far, 3,812 development projects have received administrative approval under this scheme, with a total estimated cost of approximately Rs 1,798.85 crore,” Gupta said.Following the meeting, the chief minister said the Delhi government is taking concrete steps for the holistic development of villages. “In this direction, 707 projects in various rural areas have been approved under the Delhi Village Development Board, with an expenditure of approximately Rs 1,557 crore.” She also said in the trans-Yamuna region, 799 projects have been approved under the Trans-Yamuna Area Development Board , with an expenditure of approximately Rs 430 crore.These projects include construction of roads and drains, works related to water supply, installation of streetlights, development of parks and other basic infrastructure facilities, she added.



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Digital fraud rules: RBI proposes faster complaint resolution, wider protection for banking customers


Digital fraud rules: RBI proposes faster complaint resolution, wider protection for banking customers

The Reserve Bank of India (RBI) has proposed changes to its framework on customer liability in digital banking frauds, aiming to widen protection for users and ensure quicker resolution of complaints related to unauthorised electronic transactions.The central bank on Friday issued draft amendment directions and invited comments from stakeholders and members of the public by April 6, 2026.The move follows the announcement made during the February monetary policy, where the RBI had indicated that it would review and update the existing framework governing customer liability in digital transactions.According to the central bank, the digital payments and banking ecosystem has evolved significantly since the current rules were introduced in 2017, prompting the need to revise the guidelines.Under the proposed amendments, the scope of the framework will be expanded to cover additional categories of fraudulent electronic banking transactions.Banks will also be required to reduce the time taken to process complaints related to fraudulent digital transactions, with the aim of improving the grievance redressal mechanism for customers.The draft rules further propose a compensation mechanism for small-value fraudulent transactions, designed to provide faster financial relief to affected users.The RBI said the compensation arrangement would remain operational for one year from the date the new directions come into force.The mechanism will subsequently be reviewed based on the experience gained, with the objective of increasing the share of compensation borne by banks while reducing or eliminating the portion contributed by the central bank.



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As West Asia conflict rages on, India’s pharma exports stare at Rs 5K crore potential losses


As West Asia conflict rages on, India's pharma exports stare at Rs 5K crore potential losses

Hyderabad: India’s pharmaceutical sector is staring at potential losses of Rs 2,500– Rs 5,000 crore if March exports to the Gulf Cooperation Council (GCC) and the wider West Asia and North Africa (WANA) are completely disrupted by the ongoing West Asia conflict, which is intensifying pressure on freight, shipping routes, and delivery schedules, according to the Pharmaceuticals Export Promotion Council of India (Pharmexcil).GCC countries currently account for 5.58% of India’s total exports, with pharma a growing component of that trade. As per recent industry data, Indian pharmaceutical exports to the WANA region rose from $1,320.44 million in FY 2020-21 to $1,749.68 million in FY 2024-25.

Iran Conflict Presents ‘Huge Opportunity’ For India To Become Clean Energy Exporter: Amitabh Kant

Countries such as the UAE, Saudi Arabia, Oman, Kuwait, and Yemen rely heavily on India for cost-effective medicines, even as momentum grew in emerging markets such as Jordan, Kuwait, and Libya, with increasing demand for vaccines, surgical products, and AYUSH formulations. However, this growth is now at risk due to ongoing challenges in the global freight market.Pharmexcil Chairman Namit Joshi said tensions in West Asia affected critical maritime and air cargo corridors. Key routes such as the Red Sea, Strait of Hormuz, and Gulf shipping corridors are facing heightened risks of rerouting or delays, threatening delivery schedules. This is a concern, especially for temperature-sensitive products that can be damaged by prolonged transit or cold-chain disruptions.According to Pharmexcil, the conflict already put considerable strain on the global freight market, with freight charges for both imports and exports doubling in some cases. “The doubling of freight charges for both imports and exports, accompanied by surcharges of $4,000–$8,000 per shipment, put substantial pressure on Indian pharmaceutical companies,” Joshi said.Another concern is escalating costs across the pharmaceutical supply chain, with major cost drivers including crude oil price fluctuations, rising logistics costs for APIs and finished formulations, and shipping delays that will affect inventory cycles, he said.Pharmexcil said it is monitoring developments and engaging logistics and trade stakeholders for damage control. It recommended closer coordination with govt authorities for possible freight relief measures, diversification of shipping routes and alternative logistics options, and continued dialogue with international regulators to maintain timely availability of medicines in key markets.



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Noida airport update: Jewar airport gets DGCA aerodrome licence, what you need to know


Noida airport update: Jewar airport gets DGCA aerodrome licence, what you need to know

The upcoming Noida International Airport in Jewar has received its aerodrome licence from the Directorate General of Civil Aviation (DGCA), clearing a key regulatory hurdle and bringing the project closer to the start of flight operations.The development was confirmed by Rakesh Kumar Singh, chief executive officer of Noida International Airport Limited (NIAL) and the Yamuna Expressway Industrial Development Authority, reported news agency PTI.NIAL’s nodal officer Shailendra Bhatia said the licence has been issued under civil aviation rules and covers domestic passenger flights as well as cargo operations.

India’s Biggest Airport At Jewar To Be Opened By PM Modi, UP CM Yogi Announces In Singapore

Officials said the remaining operational deployment and arrangements are expected to be completed within about 45 days, adding that the airport infrastructure is now ready.“Receiving the aerodrome license is a key milestone in our journey. It reflects the strong collaboration with our partners and the rigorous work undertaken to ensure readiness for commercial operations. We are committed to delivering a modern, efficient and passenger-centric airport that will serve as a catalyst for regional economic growth,” Christoph Schnellmann, Chief Executive Officer of Noida International Airport (NIA), said in a statement.The airport is expected to be formally inaugurated by Prime Minister Narendra Modi, officials said.

What the licence means

According to the airport authorities, the aerodrome licence issued under Rule 78 of the Aircraft Rules, 1937, certifies that the airport meets regulatory requirements related to operational procedures, safety systems, infrastructure, navigation aids and emergency response standards mandated by the DGCA.The licence follows a recent security clearance from the Bureau of Civil Aviation Security (BCAS) for domestic passenger operations as well as domestic and international cargo handling.Authorities said these approvals mark significant progress towards the airport’s operational readiness. However, commercial flight operations will begin only after the Aerodrome Security Programme (ASP) receives final approval from BCAS.“We look forward to receiving this approval in due course, following which airline schedules, ticket sales, and the formal inauguration will be announced closer to the launch of operations,” the airport said in a statement.

Project scale and capacity

The greenfield airport project, being developed under a public-private partnership (PPP) model in Jewar, Gautam Buddh Nagar, is expected to become one of the largest airports in the country once fully operational.In its first phase, the airport spans about 1,300 hectares and includes one runway and one terminal building, with the capacity to handle around 1.2 crore passengers annually.Passenger services were originally scheduled to begin in September 2024.

Operational preparations underway

Operational readiness activities under the airport’s Operational Readiness Activation and Transition (ORAT) programme are ongoing to ensure systems, processes and personnel are prepared for the launch.A major milestone was achieved in December 2024, when IndiGo operated a validation flight using an Airbus A320, successfully testing the airport’s approach procedures, navigation aids and air traffic control systems.Airport authorities said major operational infrastructure has already been completed, and concessions have been awarded for services such as ground handling, aviation fuel supply, cargo, retail, food and beverage, in-flight catering, mobility services and the airport hotel.They added that communication and navigation systems have been commissioned by the Airports Authority of India, bringing the project closer to full operational readiness



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