The Core Report #834 Brace for a Tough Week as US Troops Land in West Asia
Mar 29, 2026
Karan Marwah, corporate lawyer and CFO advisory lead at Grant Thornton Bharat, on Companies Act tweaks and easier M&A. Amit Pabari, forex specialist and MD at CR Forex, on RBI moves and rupee dynamics. They discuss US troop landings in West Asia and potential market volatility. They also cover gas supply pressures and rapid changes in corporate compliance rules.
AI Snips
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Episode notes
Renewables Alone Can't Cover Rapid Power Needs
- India's non-fossil capacity is growing but storage limits mean solar can't fully replace continuous fuels; current generation still relies on coal and imported fuel.
- Ethiraj warns energy planning must prioritize essentials over energy-intensive AI platforms to avoid regressions like reverting to kerosene.
Gas Shortage Forces Reprioritisation Of Supplies
- Geopolitical disruption (Qatar LNG offline) has forced India to prioritise household and transport gas, cutting industrial supplies and reviving kerosene and induction cooking.
- Govt reallocated refinery outputs to maximize LPG but warned the 15% gas-in-energy target by 2030 is now unlikely.
Prioritise Critical Energy Uses During Shortages
- Policymakers must design incentives that prioritise critical consumer and industrial applications when energy is scarce.
- Ethiraj urges scenario mapping to avoid funneling scarce electricity into hyperscale AI while households revert to firewood.