Delhi govt launches Startup Yuva Festival, urges students to drive innovation
New Delhi (PTI): The Delhi government on Friday launched the Delhi Startup Yuva Festival 2026 at Netaji Subhas University of Technology, with Education Minister Ashish Sood describing students as key drivers of innovation and calling for stronger links between campuses and markets.
Addressing students, mentors and industry representatives, Sood said universities are no longer limited to academic instruction and are increasingly emerging as centres of entrepreneurship and innovation.
He said the festival aims to encourage students to convert ideas developed on campuses into market-ready products.
Referring to India's startup ecosystem, the minister said the country had a limited presence in the sector before 2014, but has since witnessed rapid growth. India now has close to 125 unicorns and over 1.97 lakh DPIIT-recognised startups, making it the world's third-largest startup ecosystem, attributing the expansion to policy-driven reforms.
Sood said that nearly 45 per cent of Indian startups are led by women, calling entrepreneurship an effective tool for social and economic transformation. He said women-led enterprises have contributed to wider community development by generating employment and promoting inclusive growth.
The minister said the Delhi government, under Chief Minister Rekha Gupta, is working to position the capital as a hub for student-led innovation.
He added that the Startup Yuva Festival would be developed into an annual platform bringing together educational institutions, mentors, investors and industry stakeholders.
According to the minister, over 75,000 students are currently participating in Delhi government-supported entrepreneurship programmes, with an annual growth rate of around 30 per cent.
More than 470 startups are being incubated across sectors such as healthcare, sustainability and manufacturing, he said, adding that early-stage startups are generating four to five jobs in their first year.
Sood also announced that the government is proposing the Delhi Startup Policy 2025, with a planned outlay of Rs 325 crore over five years. The policy aims to support 5,000 startups by 2035 and includes the creation of a Delhi Student Seed Fund to assist early-stage ventures.
Under the scheme, equity-free seed grants of Rs 10 lakh will be provided to six selected startups, while Rs 1 lakh each will be awarded to 100 student startups, he said.
The minister urged students to focus on meaningful innovation rather than risk avoidance, stating that successful enterprises could emerge from university campuses and hostels.
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Rajnath Singh chairs IGoM meet, urges constant vigil over West Asia crisis
New Delhi (PTI): Defence Minister Rajnath Singh on Thursday emphasised the need for round-the-clock monitoring of the West Asia conflict and called for a calibrated response to deal with any eventuality to ensure that national interests remain protected.
Singh made the comments while chairing a high-level meeting of the Informal Group of Ministers (IGoM) set-up to monitor the situation in West Asia.
The meeting was attended by External Affairs Minister S Jaishankar, Finance Minister Nirmala Sitharaman, Oil Minister Hardeep Singh Puri, Power Minister Manohar Lal, Chemicals and Fertilizers Minister J P Nadda, Consumer Affairs Minister Prahlad Joshi and Minister of Railways, Information and Broadcasting, Electronics and Information Technology Ashwini Vaishnaw.
In view of the "uncertain situation", the defence minister underlined the importance of round-the-clock monitoring of the situation and the need to respond in a calibrated manner to deal with any eventuality, an official readout said.
He stressed on the need to leave no stone unturned to ensure that the people of the country face the minimum effect of the conflict, it said.
It was the second meeting of the IGoM after it was set up last month.
The IGoM was apprised of the measures being taken by the government in the wake of the ongoing West Asia conflict, Singh said on social media.
"We also deliberated upon the next steps to be taken by the government to mitigate any adverse impact arising due to the ongoing conflict," he said.
The defence ministry said in the readout said, "In the meeting, the seven empowered groups of secretaries briefed the IGoM on the steps being taken to tackle the situation."
"The IGoM was apprised about measures undertaken by the Ministry of Finance to address concerns arising due to global trade disruptions and provide relief and support to the industry, especially manufacturing, and bolster investor confidence," it said.
It listed measures including notification issued on Wednesday on full customs duty exemption on 40 critical petrochemical products till June 30.
The ministry also mentioned announcement of a special one-time relief measure for eligible units in SEZs to sell manufactured goods in Domestic Tariff Area (DTA) at concessional customs duty rates to be effective from April 1 to March 31.
It also noted another notification issued by the Department of Revenue clarifying that the provisions of GAAR (General Anti Avoidance Rules) will not be invoked in respect of investments made prior to April 1, 2017.
"These measures will reduce cost pressures on downstream sectors including textiles, packaging and pharmaceuticals, facilitate supply stability in the country and provide requisite clarity for investors contemplating investments in India," the readout said.
Defence Minister Singh appreciated the government's decision to impose a 25 per cent cap on the monthly increase in aviation turbine fuel prices for domestic operations, with effect from April 1.
This step will help protect the people from sudden increase in fares, he said.
The government has accorded highest priority to domestic LPG supply, with refinery production enhanced to fully meet consumption requirements, according to the readout.
"The IGoM was informed that there have been no reports of dry-out at LPG distributorships, and delivery of domestic LPG (liquefied petroleum gas) cylinders continues as per the normal schedule. The temporary supply concerns arose due to instances of hoarding and black marketing, which triggered panic buying in certain areas," it said.
The ministers were informed that strict enforcement action is being undertaken, with raids being carried out across multiple states and Union territories to curb hoarding and black marketing of LPG, the ministry said in the readout.
Action has also been taken against some LPG distributors who engaged in malpractices, it said.
"To support migrant labour and low-consumption households, the government is ensuring adequate availability of 5 kg free trade LPG cylinders, and since March 23, over 4.3 lakh such cylinders have been sold. Special focus is being given to states where demand is higher," it said.
The IGoM was apprised that industrial requirements dependent on commercial LPG are being met, with over 80 per cent of pre-crisis supply levels being maintained to ensure continuity of operations.
"Special meetings have been held with ministries and stakeholders of different industries to understand their demand and meet their needs. Oil PSUs are ensuring continued supply of Auto LPG across the country," the readout noted.
"However, some supply constraints are being faced by private operators due to their procurement challenges, which is why lines are being observed at PSU auto LPG pumps. Wherever the autos are dual feed and can use petrol, they are being encouraged to use petrol," it said.
