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    Rs 5,000 cr credited to 6.22 lakh Maharashtra farmers so far under loan waiver scheme: Fadnavis
    SBI Life and J&K Bank partner to bring comprehensive life insurance solutions closer to families across India
    DRI intensifies vigil along India's North-Eastern Frontier
    Vijayan slams Kerala govt's move to end doorstep pension delivery through cooperative banks
    Kerala to stop welfare pension delivery through cooperative banks, shifts to DBT
    China's exports slow slightly in July despite robust demand for high-tech products
    India successfully concludes the Tenth BRICS Industry Ministers' Meeting in Jaipur under its BRICS Chairship 2026
    APEDA Organises BIOFACH INDIA 2026 to Promote India's Certified Organic Products and Expand Global Market Access
    RBI bars banks from disabling mobile devices of defaulting borrowers
    Par panel for early conclusion of India-US trade pact, tariff exemptions on key goods
    No commitments relating to ethanol import from US for fuel blending under FTA talks: Govt
    No concession or commitment on import of Ethanol for fuel blending from the United States
    Office of the Controller General of Patents, Designs and Trade Marks Announces Tentative Schedule for Patent and Trade Marks Agent Examinations 2027 a...
    RBI invites comments on the draft “Reserve Bank of India (Non-Banking Financial Companies – Credit Facilities) Amendment Directions, 2026”
    West Bengal seeks 100pc foodgrain, 40pc sugar jute packaging quota at SAC meeting
    RBI clasifies Tata Sons, 16 others as large NBFCs
    Sensex climbs 374 points on buying in Reliance, ICICI Bank; Nifty ends flat
    Insurance Division, DFS Secures 3rd Rank in Group A Category of Grievance Redressal Assessment & Index (GRAI) for June 2026
    VKDL Group’s NPA Bazaar Strengthens India’s Distressed Asset Resolution Ecosystem Under the Leadership of V K Dubey
    Lok Sabha passes bill to authorise govt to permit banks to levy charges on UPI transactions
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    August 7, 2026
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    Farm loan waiver eligibility depends on verified beneficiary status and Aadhaar authentication for direct credit of eligible crop-loan relief.
    The farm loan waiver scheme covers eligible short-term crop loans within the prescribed ceiling and eligibility period. Waiver amounts are credited to verified bank accounts after field verification and completion of Aadhaar authentication. Aadhaar authentication is the operative condition for automatic processing of benefits, while eligibility rules and technical conditions have raised concerns about exclusion of distressed farmers.
    August 7, 2026
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    Corporate agency distribution expands access to life insurance products, supporting insurance awareness, financial inclusion and long-term household financial protection.
    A corporate agency arrangement enables J&K Bank to distribute SBI Life Insurance protection, savings, retirement and child-oriented life insurance plans through its branch network. The partnership aims to improve insurance access, awareness, financial literacy and long-term financial planning for households, particularly in Jammu & Kashmir and Ladakh. It is intended to expand insurance penetration, strengthen household financial protection and support financial inclusion in line with the IRDAI vision of "Insurance for All by 2047".
    August 7, 2026
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    Cross-border smuggling controls target narcotics, poppy seeds and areca nuts entering through the Indo-Myanmar border region.
    Cross-border smuggling enforcement targeted methamphetamine, foreign-origin poppy seeds and areca nuts allegedly brought from Myanmar. Methamphetamine concealed in an ambulance was seized under the NDPS Act, 1985. Poppy seeds and areca nuts recovered in separate operations were seized under the Customs Act, 1962. Poppy-seed imports are restricted to designated countries and require registration to ensure traceability and prevent illicit produce entering legitimate supply chains. The enforcement action addresses circumvention of customs controls and regulated import requirements.
    August 7, 2026
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    Direct benefit transfer for welfare pensions replaces cooperative-bank doorstep delivery, while retaining limited home service for excluded beneficiaries.
    Direct Benefit Transfer for social security and welfare pensions is to be made through Aadhaar-linked bank accounts, replacing cooperative-bank doorstep delivery. Home delivery remains available for bedridden persons and others who cannot be excluded. The change is associated with delays in remitting undistributed amounts, record-update failures, reconciliation issues, duplicate payments, and incomplete Aadhaar-based payment implementation. Concerns have been raised that mandatory bank-account credit may disadvantage beneficiaries dependent on doorstep delivery.
    August 7, 2026
    Show AI Summary
    Direct Benefit Transfer for welfare pensions replaces doorstep cooperative-bank delivery, while home delivery remains for bedridden beneficiaries.
    Direct Benefit Transfer of social security and welfare pensions is to be made mandatory through Aadhaar-linked bank accounts, replacing cooperative-bank doorstep distribution. Home delivery continues for completely bedridden beneficiaries and others who cannot be excluded. The change addresses delays in remitting undistributed amounts, record-update and reconciliation deficiencies, duplicate payments linked to incomplete Aadhaar-based payments, delivery incentive costs, and the need to comply with Direct Benefit Transfer norms to avoid loss of central financial assistance.
    August 7, 2026
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    Customs trade data show moderating July growth while high-technology exports, vehicles and advanced manufacturing supplies remain strongly supported.
    Customs and trade data showed that China's July export and import growth moderated and its trade surplus narrowed from the preceding month. Typhoon-related port disruptions affected trade flows, but demand for electronics and green technology products supported elevated values. High-technology items, vehicles, electronics and machinery recorded strong January-July export growth, while trade performance varied among the United States, the European Union and Southeast Asia.
    August 7, 2026
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    BRICS industrial cooperation advances MSME, photovoltaic, startup and logistics frameworks alongside resilient trade and digital services collaboration.
    BRICS industrial cooperation under PartNIR was strengthened through a Joint Declaration and institutional measures addressing MSMEs, photovoltaics, startup-led innovation, and resilient transport and logistics. The measures include an SME cooperation framework, Terms of Reference and an Action Plan for photovoltaic industry cooperation, and a startup innovation action plan. Trade discussions focused on the multilateral trading system, MSME participation in international trade, resilient global value chains, and cross-border digitally delivered services within a rules-based trading framework.
    August 7, 2026
    Show AI Summary
    Certified organic export promotion: BIOFACH INDIA facilitates buyer-seller engagement, certification awareness, traceability discussions and international market access.
    BIOFACH INDIA 2026 promotes certified organic exports by providing a platform for Indian organic enterprises to showcase diverse certified products and engage with overseas buyers through structured Buyer-Seller Meets. Technical sessions address organic certification, traceability, sustainability, quality standards, international regulatory requirements and export-market expectations. The initiative supports quality assurance, international market access, export linkages and sustainable agricultural practices across the organic value chain.
    August 6, 2026
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    Device-based loan recovery restrictions protect essential mobile functions while permitting gradual locking only for lender-financed devices.
    Technology-based recovery mechanisms cannot restrict or disable a borrower's mobile device unless the bank financed acquisition of that device. Where permitted, banks must adopt a gradual approach and preserve essential functions, including incoming calls, SMS access, and emergency SOS features. Regulated entities and service providers must obtain manufacturer or operating-system certification for device-locking technology. Disclosure of borrower or guarantor information to recovery personnel must be limited to what is necessary for loan-recovery duties.
    August 6, 2026
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    Bilateral trade agreement negotiations should secure tariff certainty, protect key exports, strengthen supply chains, and support vulnerable small industries.
    An early Bilateral Trade Agreement is proposed to protect Indian interests, secure tariff exemptions for key exports, reduce barriers affecting industrial products, and create predictable trade conditions. Recommended measures include financial and export-credit support for small industries, real-time monitoring of customs requirements, documentation assistance, and timely policy support against tariff and non-tariff barriers. Export strategy should develop knowledge services and critical supply-chain integration, while a National Fund should assist suppliers with redesign, tooling, certification and entry into new global supply chains.
    August 6, 2026
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    Ethanol imports for fuel blending remain excluded from trade commitments, with domestic producers continuing to supply the blending programme.
    Ethanol imports for fuel blending remain outside concessions or commitments in India-US trade discussions. Under the Ethanol Blended with Petrol Programme, ethanol procurement is governed solely by domestic policy requirements and is sourced entirely from domestic producers. Claims of existing or intended large-scale ethanol imports from the United States for fuel blending, or of a policy change permitting them, are stated to be baseless.
    August 6, 2026
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    Domestic ethanol sourcing for fuel blending continues unchanged, with no import commitments or concessions involving United States ethanol.
    Ethanol used for fuel blending under the Ethanol Blended with Petrol Programme is sourced entirely from domestic producers, with no imports from the United States for that purpose. No concessions or commitments on importing United States ethanol for fuel blending have been made in trade discussions. Fuel blending and ethanol procurement continue to be governed solely by domestic policy requirements, and claims of a policy change allowing large-scale imports are incorrect.
    August 6, 2026
    Show AI Summary
    Patent and trade marks agent qualification examinations require written-paper minimums, aggregate passing scores, and viva voce assessment for registration.
    Patent and trade marks agent examinations comprise an objective Paper I, a descriptive Paper II and a viva voce assessing suitability to practise before the Intellectual Property Office. Candidates must secure the stipulated minimum marks in each written paper and the required aggregate score to pass. Registration in the relevant Register of Patent Agents or Register of Trade Marks Agents is available only to candidates who satisfy all prescribed eligibility conditions and qualify the examination.
    August 6, 2026
    Show AI Summary
    Draft NBFC credit-facilities amendments open for stakeholder consultation through designated online and email feedback channels.
    Draft amendments to the Non-Banking Financial Companies credit-facilities framework have been released for public consultation. Regulated entities and other interested stakeholders may submit comments or feedback through the 'Connect 2 Regulate' platform or by email using the specified subject line.
    August 6, 2026
    Show AI Summary
    Mandatory jute packaging reservations were urged to protect cultivators, mill workers, crop absorption, and environmentally sustainable packaging.
    Mandatory jute packaging reservations were sought to be retained at full coverage for foodgrains and increased for sugar packaging for the forthcoming Jute Year. The submission before the Standing Advisory Committee emphasised absorption of bumper jute output, remunerative prices for cultivators, uninterrupted mill operations, and protection of farm and worker livelihoods. It also stressed that biodegradable jute bags offer an environmentally friendly alternative to HDPE and polypropylene woven sacks, and that dilution of compulsory packaging could undermine plastic-pollution reduction efforts.
    August 6, 2026
    Show AI Summary
    NBFC Upper Layer classification imposes enhanced regulation and listing obligations, while de-registration applications remain under examination.
    NBFC Upper Layer classification subjects identified large non-banking financial companies to enhanced regulatory requirements for at least five years and requires stock-exchange listing within three years of identification. The framework divides NBFCs into Base, Middle, Upper and Top Layers. Seventeen large NBFCs were included in the Upper Layer list, while Tata Sons' classification remains subject to the pending examination of its de-registration application.
    August 6, 2026
    Show AI Summary
    Closing auction price discovery may affect benchmark levels differently based on constituent liquidity and concentrated institutional order flow.
    The Closing Auction Session in the equity cash segment uses an auction-based method to determine closing prices of eligible shares with futures and options contracts, aiming to strengthen transparent and robust price discovery. Its effect on benchmark closing levels may differ according to constituent liquidity and institutional order flow. The Reserve Bank of India retained the policy repo rate and neutral stance, indicating that future policy decisions will be data-dependent and influenced by assessment of energy-cost effects on inflation.
    August 6, 2026
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    Public grievance redressal strengthens through monitoring, senior review, workshops, stakeholder coordination, and customer-centric service delivery improvements.
    Public grievance redressal is assessed through the Grievance Redressal Assessment and Index, which analyses grievance categories and disposal. The Department of Financial Services' Insurance and Banking Divisions received third and sixth ranks respectively in the June 2026 assessment. Its framework includes disposal of grievances, random reviews by senior officials, and workshops on effective grievance redressal, supporting best practices, stakeholder coordination, technology use, customer-centric service, and accountable public service delivery.
    August 6, 2026
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    Distressed asset resolution integrates restructuring, insolvency advisory, funding facilitation and digital marketplaces for transparent financial recovery transactions.
    The platform provides integrated advisory, management and transaction-facilitation services for Non-Performing Assets, stressed assets and distressed assets. Its services include NPA resolution, debt restructuring, One-Time Settlements, funding assistance, insolvency and bankruptcy advisory, asset reconstruction, financial restructuring and capital raising. Digital and offline marketplaces facilitate transactions involving distressed assets, receivables and related movable or immovable properties, supported by collaborations with banks, Non-Banking Financial Companies, Asset Reconstruction Companies, corporates and investors.
    August 6, 2026
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    Merchant discount rate framework may permit charges on notified UPI and digital payments through a government notification mechanism.
    The proposed amendment to Section 10A of the Payment and Settlement Systems Act, 2007 replaces the existing income-tax-linked reference with a Central Government notification-based mechanism for electronic payment modes. It removes the current statutory restriction preventing banks and payment service providers from charging Merchant Discount Rate on notified modes, enabling the Government to permit charges for UPI and other digital payments. The policy rationale is to support funding for payment infrastructure and a sustainable revenue model for service providers.

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      Chandigarh University Lucknow to work onto realizing the vision of PM Modi to make Bharat a Global Hub in AI

      January 6, 2025

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      Chandigarh University Lucknow to Offer Multidisciplinary AI-augmented Education in 43 Programs From the 2025-26 Academic Session AI-augmented Chandigarh University Uttar Pradesh Campus, at India's First AI City in Lucknow SCR, to Revolutionize the Country's Education Landscape LUCKNOW, India, Jan. 6, 2025 /PRNewswire/ -- Chandigarh University (CU), India's number 1 private university, announced the establishment of the first-of-its-kind Artificial Intelligence (AI) enabled next-gen futuristic campus at Unnao in Lucknow State Capital Region (SCR) of Uttar Pradesh, to provide AI-augmented multidisciplinary education tailored to the evolving needs of 21st-century learners.

      The AI-augmented Chandigarh University Uttar Pradesh Campus at India's first AI City in Lucknow SCR will revolutionise the country's educational landscape, with 43 AI-augmented futuristic undergraduate and postgraduate programs. By embracing a multidisciplinary education model enriched by AI integration, these programmes will be offered across six streams, including Engineering, Business Administration, Health and Life Sciences, Humanities, Liberal Arts and Legal Studies from the 2025-26 academic year. The Uttar Pradesh government had earlier issued an 'Authorization Letter' to Chandigarh University for its AI-integrated campus at Unnao in Lucknow SCR.

      This information was shared at a Press Conference at the PHD Chamber of Commerce and Industry where Uttar Pradesh Higher Education Minister Yogendra Upadhyay launched the Chandigarh University Lucknow web portal and prospectus for the 2025-26 academic session, in the presence of Member of Parliament (Rajya Sabha) and Chandigarh University Chancellor Satnam Singh Sandhu; Mukesh Jain, Executive Vice President, Capgemini; CU Pro Chancellor Prof Himani Sood and CU Managing Director Jai Inder Singh Sandhu.

      Uttar Pradesh Higher Education Minister Yogendra Upadhyay said that under the leadership of Chief Minister Yogi Adityanath, Uttar Pradesh has become a key growth engine for the nation's development.

      "Uttar Pradesh is on track to become a USD 1 trillion economy within the next five years as the state's GDP is projected to reach Rs 32 lakh crore by March 2025, positioning it as the fastest-growing economy in India and creating employment opportunities for 1.5 crore youth. In the past seven years, the state's economy, GDP, and per capita income have more than doubled due to the double engine government," he said.

      Upadhyay said that Uttar Pradesh is becoming an educational hub in higher education, with the establishment of 16 new universities and over 250 colleges in underserved regions over the past seven years, under CM Yogi Adityanath's leadership.

      "It is a proud moment for us that the Chandigarh University has established its AI-enabled campus in Uttar Pradesh. The timing of launching an AI-integrated university in Uttar Pradesh could not be more ideal as the state government is already establishing India's first AI City in an area of over 70 acres in Lucknow. While the state government has allocated Rs 500 crore for computing infrastructure, including 10,000 GPUs and AI centre in Lucknow, the first phase of the AI city project has already attracted preliminary commitments of Rs 2,500 crore from private technology companies and venture capital firms. Funding for local startups in the AI and deep-tech space has increased by a massive 40 per cent over the past 18 months, which shows investor confidence in AI. As a hub for the AI ecosystem, the AI City in Lucknow will open doors to 50,000 direct and indirect jobs for youth in AI over the next five years," the Minister said.

      Upadhyay said that Chandigarh University's AI-integrated campus perfectly aligns with the UP government's ambitions for AI-driven growth by preparing the skilled manpower.

      "The arrival of a world-class education provider like Chandigarh University means that students in Uttar Pradesh can now access quality learning without having to leave their home state, making education more accessible and affordable for all," he added.

      Member of Parliament Satnam Singh Sandhu said, "As Prime Minister Narendra Modi recognises the transformative power of AI, India was one of the first countries to develop a comprehensive strategy through the National Strategy for Artificial Intelligence. India has shown its commitment to work on this vision by becoming the first country to establish a dedicated IndiaAI Mission, which is the first of its kind in the world with a budget outlay of Rs 10,371.92 crore to accelerate the adoption and integration of AI technologies across the country for innovation, economic growth, and job creation in the digital age. Chandigarh University Lucknow is committed to realize the vision of our Prime Minister in making Bharat the Global Leader in Artificial Intelligence." The Rajya Sabha MP said that India, as the fastest-growing economy with the second-largest population in the world, has a crucial stake in the ongoing AI revolution, and Uttar Pradesh has taken a big step in this direction by establishing India's first AI City in Lucknow.

      He said that AI is revolutionizing education worldwide by introducing new forms of teaching and learning, Chandigarh University's Uttar Pradesh Campus in India's first AI City will transform the country's educational landscape in alignment with Prime Minister Modi's vision that India's youth should be equipped with the necessary skills in emerging technologies like AI.

      "As the Chancellor of Chandigarh University, I convey my sincere gratitude to Chief Minister Yogi Adityanath ji for extending pro-active support for the establishment of the Chandigarh University Campus in Uttar Pradesh. Uttar Pradesh has been playing a key role in making Prime Minister Narendra Modi's Atma Nirbhar Bharat campaign a success and contributing to the nation's goal of achieving a $5 trillion economy for becoming a Viksit Bharat by 2047.With tremendous growth in various sectors, Uttar Pradesh has emerged as the next growth engine for India," the MP added.

      Mukesh Jain, Executive Vice President, Capgemini (a French multinational IT and consulting company), said that AI stands at the forefront of technological advancements globally, with the potential to revolutionize industries, economies, and societal structures.

      Debunking the myth that AI will lead to widespread job loss, Jain said, "In reality, AI has the potential to not only transform existing jobs but also create new opportunities. AI is poised to drive job creation, with an estimated 47 lakh new positions in tech-related fields expected to emerge in India by 2028." He said that the demand for AI professionals remains high with annual growth rates ranging from 14 percent to 47 percent. "Around 75 percent of Indian enterprises are already seeing a positive return on their AI investments, reflecting the significant impact of this technology on business performance. Indian companies are increasingly proactive in adopting AI, recognizing its potential to drive innovation and enhance operational efficiency," Jain added Jain said that the integration of AI in education equips students with the skills necessary to thrive in an AI-driven world, preparing them for future careers and empowering them to shape that future. "AI is not being considered just a computer science subject anymore; instead, it is to be taught to students and professionals in every field," he added.

      Chandigarh University Managing Director, Jai Inder Singh Sandhu, said that the Chandigarh University Common Entrance Test (CUCET 2025) portal is now open for registrations for those seeking admission to the Uttar Pradesh Campus of the university in the 2025-26 academic year.

      "CUCET is a national-level entrance and scholarship test that recognizes academic excellence and provides financial assistance of up to 100 per cent through scholarships. During the 2025-26 academic session, scholarships worth Rs 40 crore will be awarded to students at the Chandigarh University Uttar Pradesh Campus. Additionally, the university will offer the Rs 3 crore 'CV Raman Scholarship' to support students pursuing careers in scientific research," he said.

      Jai Inder Singh Sandhu added, "Founded by visionary leaders from diverse sectors, the Chandigarh University Uttar Pradesh Campus offers an intelligent education system designed to empower the next generation. Going beyond the traditional STEM (Science, Technology, Engineering, and Mathematics) fields, the university has incorporated AI across streams including engineering, management, social sciences, law, and humanities, providing 21st-century learners with a comprehensive understanding of global issues and preparing them to become key contributors to the AI-driven workforce." Ever since its inception in 2012, Chandigarh University has consistently led the way, securing top rankings among private universities in India. Chandigarh University was ranked number 1 among India's private universities in the QS Asia University Rankings 2025. Chandigarh University was also ranked 20th among India's all government and private universities in the NIRF Rankings 2024.

      About Chandigarh University Uttar Pradesh (Lucknow) Envisioned to foster a culture of sustainability and empower future global leaders, Chandigarh University, Uttar Pradesh, immerses 21st-century learners in a personalised and experiential learning experience, integrating an AI-powered academic model and a multidimensional, futuristic perspective on education.

      Our Uttar Pradesh campus carries forward the venerable legacy of more than a decade of Chandigarh University, Punjab, which has established itself as India's No. 1 Private University and a torchbearer of groundbreaking pedagogy and research-driven innovation. The AI-augmented new campus offers a broad spectrum of industry-driven futuristic academic programs encompassing data-driven insights, virtual reality experiences, real-world simulations, corporate mentorship, international perspective, interdisciplinary research, cultivation of entrepreneurial spirit, and professional competencies.

      https://www.culko.in/ Photo: Embedded Media (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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