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    RBI holds interest rates for fourth straight meeting, awaits clearer inflation outlook
    Highlights of RBI's August monetary policy
    RBI targeting polymer currency notes launch in early FY28: Guv Malhotra
    Two women held at Delhi airport with 1 kg gold concealed as silver-coated armlet
    Sensex trades higher, Nifty flat post RBI policy
    India's services sector growth hits four-and-a-half-year low in July on weak demand: PMI
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    The Taxation and Other Laws Amendment Bill 2026 - Introduced in Lok Sabha on 4th August 2026
    RBI marginally raises FY27 GDP growth projection to 6.7 pc, lowers inflation forecast
    Collaboration, Inclusion and Entrepreneurship: How SIDBI MSME Samvaad Is Shaping the Future of India’s MSME Ecosystem
    RBI keeps policy rate unchanged for third time in row in FY27 amid West Asia crisis
    RBI keeps policy rate unchanged for third time in row amid West Asia crisis
    Markets climb in early trade on falling crude oil prices; RBI monetary policy decision awaited
    Rupee jumps 39 paise to 94.89 against US dollar ahead of RBI monetary policy decision
    Punjab govt committed to paying all valid dues; legal options being examined: FM Cheema
    ED searches multiple locations in Punjab, Chandigarh in PMLA case against PSIEC officials
    Rupee gains 9 paise against US dollar
    India, US working towards interim trade agreement: MEA
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    August 5, 2026
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    Neutral monetary policy stance continues as inflation clarity is awaited, alongside cooperative banking and lending-rate transparency measures.
    Monetary policy maintained the benchmark policy repo rate and a neutral stance pending clearer evidence that energy-cost pressures will generate broad-based inflation. Inflation is expected to rise temporarily due principally to food and fuel prices before moderating, while core inflation remains benign. The approach remains data-dependent, supported by two-way liquidity operations. Proposed measures include resuming urban cooperative bank licensing, revising rural cooperative bank credit-monitoring directions, and harmonising interest-rate regulation on advances across regulated entities to improve transparency and consumer protection.
    August 5, 2026
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    Repo rate stability preserves the policy stance amid lower inflation projections, stronger growth expectations and external-sector resilience.
    Monetary policy maintained the repo rate at 5.25 per cent following a unanimous policy committee decision. The growth forecast for FY27 was marginally increased, while the inflation projection was lowered. Inflation conditions remain uncertain because of monsoon, El Nino and geopolitical developments. Liquidity remained in surplus, and external-sector indicators reflected a current-account surplus, buoyant foreign direct investment inflows, renewed foreign portfolio investment inflows, and adequate foreign-exchange reserves.
    August 5, 2026
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    Polymer currency notes target improved durability as monetary policy remains data-dependent and rupee management pursues an orderly trajectory.
    Polymer currency notes are targeted for circulation at the beginning of the next financial year, subject to implementation proceeding as planned. They are intended to improve durability, especially for lower-denomination notes with high circulation velocity. Monetary policy decisions will remain data-dependent and focused on aligning headline inflation with its medium-term target. Foreign Currency Non-Resident (Bank) scheme inflows are expected to remain healthy until closure, with no proposal for premature termination. Rupee management aims to maintain an orderly exchange-rate trajectory.
    August 5, 2026
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    Customs anti-smuggling enforcement targets gold concealed as silver-coated armlets following passenger profiling and personal search at airport.
    Customs officers intercepted two passengers arriving from Istanbul after Advance Passenger Information System profiling and their activation of the Door Frame Metal Detector. A personal search recovered approximately one kilogram of gold, silver-coated and concealed as traditional armlets worn on the upper arms. The gold was seized under the Customs Act, a smuggling case was registered, and investigation was initiated into the source and any wider smuggling network.
    August 5, 2026
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    Closing auction price discovery for eligible derivatives shares begins as monetary policy retains the repo rate and neutral stance.
    The Reserve Bank retained the repo rate with a neutral stance amid uncertainty over energy prices and supply disruptions. Stock exchanges introduced the Closing Auction Session in the equity cash segment for eligible shares with futures and options contracts. This auction-based mechanism determines closing prices of eligible stocks and aims to make price discovery more transparent and robust.
    August 5, 2026
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    Services-sector growth slowed as weaker demand, competition and postponed orders moderated business activity, while employment improved modestly.
    Services-sector growth slowed as domestic and export orders moderated amid weaker demand, competitive pressures, softer market conditions and postponed orders. Output continued to expand, but at its weakest pace in more than four years. Employment growth improved modestly, while input costs rose and firms increased selling prices. Business confidence remained positive but declined, and the composite output indicator weakened due principally to the sharp slowdown in services activity.
    August 5, 2026
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    Interim bail conditions require residence outside the state and trial attendance in alleged manpower commission corruption proceedings.
    Interim bail was granted to Anwar Dhebar in a matter involving alleged corruption and an illegal commission mechanism linked to a state marketing corporation. Conditions require him to remain outside Chhattisgarh, attend the trial court, and provide his residential address. The allegations concern manpower supply agencies allegedly being compelled to pay commissions for clearance of legitimate bills, with proceeds routed through intermediaries. The case was registered under the Indian Penal Code and the Prevention of Corruption Act.
    August 5, 2026
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    Tax certainty measures revise fund-management safe harbours, electronic-payment charges, sectoral exemptions, business-trust treatment, and excess expenditure appropriation.
    The Taxation and Other Laws (Amendment) Bill, 2026 proposes to replace the Income-tax (Amendment) Ordinance, 2026 and amend payment-system and tax laws. It would prohibit charges on notified electronic payments, revise safe-harbour conditions for eligible investment funds and fund managers, and expand tax exemptions for Government securities, qualifying rough-diamond sales and bonded-warehouse component storage. It also modifies exemptions concerning electronic-goods contract manufacturing, data centres and business-trust dividends, while imposing a differentiated surcharge on qualifying special purpose vehicles. A separately included appropriation bill authorises excess expenditure from the Consolidated Fund of India.
    August 5, 2026
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    Growth and inflation projections reflect resilient domestic activity while energy volatility, supply disruptions, and food prices sustain inflation risks.
    Monetary policy projections for fiscal 2026-27 revise real GDP growth upward to 6.7 per cent and Consumer Price Index inflation downward to 5 per cent. Domestic activity is described as resilient amid global uncertainty, but inflationary risks persist from rainfall disruption, energy-price volatility, supply-chain uncertainty, and second-round effects of higher food, fuel and input costs. Core inflation is projected at 4.3 per cent for the fiscal year.
    August 5, 2026
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    Industry collaboration strengthens MSME competitiveness through shared resources, market linkages, capability building and inclusive support for women entrepreneurs.
    MSME development is linked to collaboration, knowledge-sharing, institutional support and capability building. Industry associations can provide networking, policy advocacy, business intelligence, skills programmes, shared infrastructure and market linkages, while collective procurement, shared logistics, digital commerce and export readiness may improve competitiveness. Women-led enterprises benefit from market-oriented capability development, mentorship, continuous learning, professional networks, capacity-building programmes and institutional support. The Development of Industry Associations initiative is intended to connect associations and facilitate the sharing of best practices.
    August 5, 2026
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    Monetary policy rate maintenance continues under a neutral stance amid energy disruption, inflation concerns and sustained currency depreciation.
    Monetary policy rate maintenance was continued with the repo rate retained at 5.25 per cent under a neutral stance amid uncertainty over energy prices and supply disruptions associated with the West Asia crisis. The growth forecast was marginally increased and the inflation projection reduced. Sustained rupee depreciation against the dollar was attributed to costly oil, capital outflows, widening trade deficits and a strong US dollar.
    August 5, 2026
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    Monetary policy rate pause maintains a neutral stance amid energy disruption, inflation concerns and sustained rupee depreciation pressures.
    Monetary policy rates were retained without change for a third consecutive review, with a neutral stance maintained amid uncertainty over energy prices and supply disruptions associated with the West Asia crisis. The policy assessment noted retail inflation above the medium-term target, alongside an upward revision to growth expectations and a downward revision to the inflation projection. Continued rupee depreciation was linked to higher oil prices, capital outflows, widening trade deficits and a stronger US dollar.
    August 5, 2026
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    Monetary policy expectations shape equity sentiment as softer crude prices and foreign investment support domestic financial assets.
    Equity market sentiment improved in early trading as lower crude oil prices and foreign fund inflows supported benchmark indices, while investors awaited the monetary policy decision. Softer crude prices, rupee recovery, improving global risk sentiment, resilient economic growth, corporate earnings and sustained foreign portfolio investment supported domestic financial assets, despite continuing global and geopolitical uncertainties.
    August 5, 2026
    Show AI Summary
    Foreign exchange market movement strengthens as lower crude prices and monetary policy signals influence the rupee's direction.
    Foreign exchange market movement saw the rupee appreciate against the US dollar in early trading, supported by lower crude oil prices, a softer dollar index, domestic equity gains and net foreign institutional investment. Market attention centred on the Reserve Bank of India's monetary policy decision, with expectations of an unchanged benchmark repo rate. Policy communication on inflation and developments in Hormuz-related talks were identified as factors that could influence the rupee's direction.
    August 4, 2026
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    Dearness allowance arrears must be cleared promptly, while the government examines legal remedies and continues its structured liquidation plan.
    Pending dearness allowance arrears of government employees and pensioners are to be cleared within a fortnight, with restraint on unproductive expenditure until admissible dues are paid. The government states that it will pay constitutionally and legally valid dues while examining the judgment, precedents and possible legal remedies. It attributes the arrears to delayed pay commission implementation and frozen dearness allowance, and states that a structured liquidation plan has been prepared and partly implemented.
    August 4, 2026
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    Money-laundering investigation examines alleged fraudulent industrial plot allotments, benami holdings and diversion of plots to residential use.
    A money-laundering investigation under the Prevention of Money Laundering Act examines alleged irregularities in industrial-plot allotments involving corporation officials, private persons, property dealers and alleged benamidars. The inquiry concerns alleged use of fictitious firms and false addresses to obtain plots, allotments to relatives and associates, and alleged diversion or change of land use from industrial to residential purposes. These activities are alleged to have generated private gains while causing loss to the public exchequer.
    August 4, 2026
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    Rupee exchange-rate movement gains support from capital inflows, while oil prices, dollar strength and monetary policy shape sentiment.
    Rupee exchange-rate movement was supported by foreign capital inflows and improved global risk sentiment, while elevated crude-oil prices and a stronger US dollar constrained gains. Market attention shifted to monetary policy, overseas dollar-deposit incentives and easier foreign access to government bonds, which were reported to support capital inflows and India's external position. A cautious approach to the benchmark repo rate was expected amid assessment of the West Asia conflict.
    August 4, 2026
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    Interim bilateral trade agreement negotiations continue as both sides work to finalise unresolved issues in the proposed arrangement.
    Interim bilateral trade agreement negotiations between India and the United States are continuing. Both sides have undertaken substantial work, while certain issues remain to be finalised before completion of the proposed interim trade arrangement. A United States Trade Representative delegation visited India to advance discussions. The text records the status of negotiations and identifies no concluded agreement or operative customs measure.
    August 4, 2026
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    Fuel-price volatility mitigation will combine fiscal measures, consumer protection, energy security and fiscal sustainability during external energy shocks.
    Fuel-price volatility is to be mitigated through fiscal and administrative measures that protect consumers while maintaining fiscal sustainability. The approach includes monitoring revenue and expenditure, reprioritising spending, and using fiscal measures when economic conditions require. Reduced central excise duty on petrol and diesel moderated the impact of elevated international crude prices and partly offset under-recoveries of public-sector oil marketing companies. Longer-term measures include revenue mobilisation, import diversification, Strategic Petroleum Reserves, cleaner fuels and energy efficiency.
    August 4, 2026
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    Tax policy certainty reforms propose easier fund management, data-centre access, electronics incentives and revised electronic-payment charging rules.
    The proposed Bill seeks to simplify conditions for foreign investment funds using fund managers in India without being treated as carrying on business in India, while retaining safeguards against misuse and round-tripping. It proposes removal of approval requirements for foreign cloud companies using Indian data centres and permits leased operation of Indian data centres. It also extends tax support for foreign companies participating in electronics contract manufacturing and component warehousing, preserves tax-free dividends for REIT and InvIT investors in specified circumstances, and removes the prohibition on Merchant Discount Rate charges for notified electronic payment modes.

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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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