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MP Startup Summit 2026: CM Mohan Yadav hails India’s scientific heritage, innovative ideas

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Bhopal, Jan 12: Chief Minister Dr Mohan Yadav on Monday emphasised India’s rich legacy of innovation while underscoring the pivotal role of startups in propelling the nation towards becoming the world’s top economy.

Addressing the Madhya Pradesh Startup Summit & Ecosystem Awards 2026 at Ravindra Bhavan, Bhopal, he highlighted forgotten contributions of Indian scientists and praised Prime Minister Narendra Modi’s efforts in fostering research and entrepreneurship.

Dr Yadav recalled the ground-breaking work of Sir Jagdish Chandra Bose, who in the late 19th century demonstrated that plants have life, sensitivity, and reactions to stimuli — experiments now validated by modern “gastography” showing 10,000 times higher frequency in plant responses.

He also noted Bose’s 1895 demonstration of microwaves in Kolkata, later adopted by Marconi for the Nobel Prize, and early semiconductor ideas, lamenting that post-Independence governments overlooked these due to resource constraints.

“Under the leadership of Prime Minister Narendra Modi, the country is changing,” Dr Yadav said, calling for applause for the PM’s initiatives in promoting research and startups, including a 2022 programme launched from Indore.

He showcased innovative startups, such as one developing a low-cost machine that harvests one acre of crops for just Rs 10 in an hour via a TV-screen-operated mini-tractor, addressing environmental and agricultural needs.

Dr Yadav expressed confidence that India, now the fourth-largest economy, will soon rank third and eventually first.

Chief Secretary Anurag Jain, addressing the gathering, commended the state’s proactive policies and ecosystem building, noting, “Madhya Pradesh’s focus on innovation, ease of doing business, and inclusive growth is positioning it as a key player in India’s startup journey.”

MSME Minister Chetanya Kahsya praised the summit’s interactive platform, stating, “Such events foster collaboration between government, entrepreneurs, and investors, accelerating Madhya Pradesh’s emergence as a startup hub.”

The two-day summit, powered by the Madhya Pradesh Startup Policy 2025, has brought together innovators, investors, and ecosystem leaders to drive inclusive, future-ready growth.

Business

Bharti Airtel Receives ₹1,74,000 Penalty Notice From DoT For Subscriber Verification Lapses

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New Delhi: Bharti Airtel has disclosed a regulatory development involving a minor financial penalty tied to compliance checks on customer onboarding processes.

The Department of Telecommunications, Madhya Pradesh Licensed Service Area, has issued a notice imposing a penalty of Rs 1,74,000 on the company. The action relates to alleged non-compliance with subscriber verification requirements under telecom licensing conditions, as detailed in Annexure A on page 2.

The issue stems from a Customer Application Form audit conducted by the DoT for January 2026. These audits are carried out periodically to ensure telecom operators adhere to rules governing customer identity verification before activating services.

Under the license agreement, telecom operators are required to maintain strict verification processes when enrolling subscribers. The audit identified alleged gaps in meeting these standards, prompting regulatory action from the authority.

Bharti Airtel has decided not to contest the notice and will pay the penalty. The company clarified that the financial impact is limited to the amount levied, with no broader operational implications highlighted in the filing. The disclosure reflects routine regulatory oversight in the telecom sector, where periodic audits ensure adherence to compliance norms.

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Maharashtra Minister Nitesh Rane Announces AI Project For Mango, Cashew Farming In Sindhudurg With 400 Farmers In Pilot Phase

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Mumbai, March 27: Maharashtra Fisheries and Ports Minister Nitesh Rane on Friday announced that an Artificial Intelligence (AI)-based project will be implemented to enhance mango and cashew cultivation in Sindhudurg district.

Initially, 400 farmers—200 each cultivating mango and cashew—will be selected for the pilot phase. The project aims to digitise farms by collecting basic data such as farmers’ names, contact details and village information. Based on the success of the initial phase, the initiative will be expanded to include more farmers.

The proposal was presented by experts from ADT Krishi Vigyan Kendra Baramati in the presence of agricultural scientists and officials, including representatives from Dr Balasaheb Sawant Konkan Krishi Vidyapeeth.

Under the project, sensors will be installed to monitor soil health, crop conditions and yield patterns. Farmers will receive training and awareness about AI technology through group-based sessions conducted over a 150-day initial phase.

The use of drones for pesticide spraying is expected to significantly reduce time from several days to just a few hours, ensuring quicker and more effective disease control. Additionally, AI-based predictive models will help detect crop diseases in advance, reducing excessive pesticide use and curbing black marketing.

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Retail petrol and diesel prices won’t change, excise cut to offset oil firms’ losses: Govt

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New Delhi, March 27: The government on Friday said retail pump prices of petrol and diesel will not change, and the excise reduction is not being passed on as a price cut at the pump.

Instead, it directly reduces the under-recoveries being absorbed by public sector oil marketing companies (OMCs) — Indian Oil Corporation, Bharat Petroleum Corporation and Hindustan Petroleum Corporation — who have continued to supply fuel to Indian consumers at prices well below their cost of supply, the Petroleum Ministry said.

At current international crude prices, under-recoveries stand at approximately Rs 26 per litre on petrol and Rs 81.90 per litre on diesel.

The combined daily under-recovery being absorbed by OMCs is approximately Rs 2,400 crore.

The excise reduction offsets Rs 10 per litre of these losses, ensuring OMCs can continue to supply fuel without disruption while keeping retail prices unchanged, said the ministry.

The government has reduced excise duty by Rs 10 per litre on both petrol and diesel with immediate effect.

“This decision has been taken in response to the steep and rapid rise in international crude oil prices, which have surged from approximately $70 per barrel to around $122 per barrel over the past month — an increase of nearly 75 per cent in under four weeks, driven by the ongoing conflict in West Asia and associated disruptions to global energy supply chains,” the ministry said.

The contrast with global fuel markets is instructive. Fuel prices have risen by 30 to 50 per cent across South and South-East Asian countries, 30 per cent in North America, and 20 per cent in Europe since the onset of the current crisis. India has held the line. That stability carries a fiscal cost, and the government has chosen to bear it.

Earlier in the day, Minister for Petroleum and Natural Gas, Hardeep Singh Puri, said that Prime Minister Narendra Modi decided to take a hit on government finances to safeguard the Indian citizen.

“The government has taken a substantial impact on its taxation revenues to reduce the high losses being faced by oil marketing companies at this time of sky-high international prices,” he mentioned.

Alongside the excise reduction, the government has simultaneously introduced an export levy on diesel. At a time when international diesel prices have surged sharply, the levy is designed to disincentivise exports and ensure that refinery output is directed first towards meeting domestic demand.

Keeping Indian pumps fully supplied takes precedence over export opportunities, however commercially attractive those may be at current global prices. The government will continue to monitor the evolving global energy situation and take all measures necessary to maintain supply stability and price protection for Indian consumers.

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