27 March 2026

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INDIA TOP STORIES

UP govt cancels MoU signed with Puch AI after review

26 March 2026 colorsnews.in

Lucknow, March 26 (IANS) The Uttar Pradesh government on Thursday cancelled the MoU with Puch AI in the interest of transparency and the highest level of probity in governance.

Invest UP said in an X post that, as per standard protocols laid by the State Government, the MoU signed with Puch AI on March 23, 2026, was reviewed.

“Necessary details as per SOP were sought from the investor, but they failed to provide them in a timely manner. Due diligence showed a lack of net worth and credible financial linkages for the project’s scale. On the directions of the State Government, the MoU is cancelled with effect from today. No rights or obligations remain,” said Invest UP.

The MoU has been cancelled in the interest of transparency and the highest level of probity in governance, which are at the core of the Government of Uttar Pradesh, it added.

Invest UP had signed the MoU with Puch AI to establish an AI park in the state with a proposed investment of Rs 25,000 crore.

Earlier, the Uttar Pradesh government issued a detailed clarification regarding the Memorandum of Understanding (MoU) signed between Invest UP and startup Puch AI, following growing scrutiny over the firm’s financial and operational capacity to execute a project of significant scale.

Uttar Pradesh Chief Minister Yogi Adityanath shared a post on the social media platform X, underlining that such MoUs are only preliminary arrangements and do not guarantee final approval or the execution of projects.

The clarification comes amid discussions highlighting that Puch AI is a relatively young startup, reportedly around a year old, with an annual revenue of less than Rs 50 lakh.

Observers have questioned whether the company possesses the necessary infrastructure, experience, or financial strength to undertake large-scale commitments typically associated with state-backed investment agreements.

Addressing these concerns, the Chief Minister reiterated that an MoU signed through Invest UP serves merely as an entry point for engagement and exploration of potential opportunities in emerging sectors such as AI.

“An MoU by Invest UP is a preliminary step before detailed due diligence and project evaluation gets done,” the post stated.

–IANS

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INDIA TOP STORIES

Rajasthan CM calls Ashok Gehlot’s political campaign ‘misleading’

27 March 2026 colorsnews.in

Jaipur, March 26 (IANS) A sharp political exchange unfolded in Rajasthan as Chief Minister Bhajan Lal Sharma launched a strong attack on former Chief Minister Ashok Gehlot for running a digital campaign named “Intezaar Shastra”.

Chief Minister Sharma, on Thursday, dismissed Gehlot’s campaign as misleading, calling it not just an “Intezaar Shastra” (doctrine of waiting) but a “Jhooth Shastra” (doctrine of lies).

He recalled the tenure of previous Congress government and mentioned about the time of past recruitment and examination paper leaks.

He said that under the current BJP government’s tenure, such incidents have significantly reduced, and several accused have been sent to jail.

He also mentioned about alleged irregularities in the Jal Jeevan Mission (JJM) during the previous Congress government’s tenure and claimed that action is being taken against those involved, including officials and political leaders under the current BJP-led state government.

“The falsehoods of hollow ‘magic’ merely create illusion; remember this, the turn of everyone involved in corruption will eventually come,” Chief Minister Sharma added.

“They (Congress) have launched a strategy and they call it the ‘Intezaar Shastra’ (The Doctrine of Waiting). Well, I want to tell them — since they keep bringing this up on X — that this is not merely an ‘Intezaar Shastra’; it is also a ‘Jhooth Shastra’ (The Doctrine of Lies).”

“There is indeed a ‘Doctrine of Lies’ that is constantly being propagated; speak about that as well. Papers for youth recruitment exams used to get leaked frequently; just look at how many such paper leaks have been stopped now. Look at how many individuals involved in such acts have been put behind bars — how many are currently languishing in jail. Also, take a good look at the manner in which you (Congress) indulged in corruption regarding the JJM (Jal Jeevan Mission) scheme. Your Ministers are going to jail; your officials are going to jail — this is happening continuously, and the list is still long.”

The Chief Minister said: “I wish to state this clearly before you all: anyone, absolutely anyone, who has committed any form of irregularity or corruption will not be spared. I assert that they will inevitably end up behind bars.”

Gehlot, earlier on Thursday afternoon, spoke to media on the ‘Intezaar Shastra’ and said: “Yes, we are running this campaign precisely to exert pressure on the current BJP government. Our objective is to highlight the buildings that have already been constructed across Rajasthan and lie unused.”

“Therefore, this campaign we have launched is intended specifically to apply pressure on the government. As you can observe, the Social Science Institute — which we (Congress) were establishing on the lines of the Tata Institute, currently lies dormant. Furthermore, regarding the Gandhi Museum, a place that children from across the entire state ought to be visiting today, there are absolutely no programmes or activities taking place there.”

“Therefore, regarding these projects that have been lying pending, one after another, such as the IPD Tower; everyone is watching this, the entire state is watching. Consequently, we (Congress) are exerting pressure on the current BJP government.”

–IANS

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