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    Andhra records 21 per cent growth in net GST collections till July
    J&K crime branch chargesheets accused in separate bank, insurance fraud cases
    MCD-facilitated PM Vishwakarma Scheme enrols over 41,000 artisans in Delhi
    Gross GST mop-up grows 15.4 pc to over Rs 2.11 lakh cr in July on higher imports, sales
    Gross and Net GST revenue collections for the month of July, 2026
    India and Rwanda Hold First Joint Trade Committee Meeting to Deepen Bilateral Trade and Investment Cooperation
    West Bengal GST collection rises 2 pc in July to Rs 5,564 crore
    Gross GST collection kitty swells 15.4 pc to over Rs 2.11 lakh cr in July
    RBI says USD 40.82 bn mobilised under forex swap facility till Jul 31
    Sebi bars ZEEL for 2 months, Subhash Chandra, Punit Goenka for 1 year in Hyderabad land pledge case
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    Rupee appreciates 7 paise to close at 95.43 against US dollar
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    August 1, 2026
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    GST compliance enforcement through AI analytics supported sustained net GST collection growth despite rate rationalisation reforms and reduced compliance costs.
    GST revenue mobilisation in Andhra Pradesh showed year-on-year growth in net GST and total commercial tax collections through July 2026, despite rate-rationalisation reforms. Revenue growth was attributed to AI-based scrutiny and analytics, machine-learning risk scoring, AI-driven IGST reversals, UPI-based enforcement analytics, data sharing, predictive analytics, registration verification, and Aadhaar-integrated expansion of the professional-tax base. These measures were stated to strengthen compliance, curb wrongful input tax credit claims, broaden taxpayer coverage, and improve revenue mobilisation.
    August 1, 2026
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    Economic-offences fraud chargesheets address alleged fictitious loans, forged insurance surrender papers, and diversion of bank and policy funds.
    Economic-offences chargesheets were filed in separate alleged bank and insurance fraud matters. The bank investigation alleged fictitious loan sanctions and overdrafts beyond delegated authority, involving cheating, forgery, use of forged documents and criminal conspiracy. The insurance investigation alleged that duplicate policy records and forged surrender documents were used to open a fraudulent account in a policyholder's name and divert policy proceeds. Records, witness statements, documentary evidence and forensic examination were cited in support of the allegations.
    August 1, 2026
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    PM Vishwakarma Scheme implementation expands artisan enrolment, skills, credit, e-commerce access and export facilitation while addressing documentation barriers.
    PM Vishwakarma Scheme implementation in Delhi facilitated artisan enrolment, application processing, skill training, toolkit distribution, loan access, e-commerce onboarding and export-related support. Awareness workshops and tele-calling campaigns were used to promote participation and follow up on benefits. Key implementation challenges concerned outreach to informal clusters, digital literacy, delays in Aadhaar and IEC documentation, and additional support for Divyang artisans. Planned action includes expanding workshops, scaling e-commerce onboarding, strengthening export facilitation and coordination with implementing agencies.
    August 1, 2026
    Show AI Summary
    Goods and Services Tax collections rise on domestic consumption and imports, while elevated import revenue prompts assessment of underlying drivers.
    Goods and Services Tax collections for July increased over the corresponding prior-year period, supported by domestic sales and imports. Gross receipts included Central GST, State GST and Integrated GST, with net GST revenue calculated after adjusting refunds. For the April-July period, gross and net collections also increased. Commentary linked domestic GST growth to consumption, formalisation and industrial activity, while identifying elevated import GST collections as an area requiring assessment of import composition, currency effects and volumes.
    August 1, 2026
    Show AI Summary
    GST revenue collections show provisional gross, refund and net revenue trends, with State-wise settlement and domestic collection data.
    GST revenue collections for July 2026 are reported provisionally through gross domestic and import revenue, domestic and export-related refunds, and net GST revenue after refunds. The data also sets out SGST collections and the SGST share of IGST settled to States and Union Territories, both monthly and cumulatively. State-wise domestic GST growth excludes GST on imported goods, while jurisdiction-wise data allocates collections between central and State formations and identifies CGST, SGST and IGST components.
    August 1, 2026
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    Bilateral trade cooperation expands through a Joint Trade Committee covering investment, critical minerals, healthcare, digital technologies and market access.
    Bilateral trade and investment cooperation between India and Rwanda is to be advanced through a structured Joint Trade Committee mechanism for reviewing commerce, diversifying trade, promoting investment, facilitating business engagement and addressing market-access and logistical issues. Priority cooperation includes critical minerals, pharmaceuticals and healthcare, agriculture and agro-processing, standards harmonisation, digital public infrastructure, fintech, cybersecurity, green mobility and renewable energy. Investment focal points will support engagement, while capacity-building assistance and close monitoring of the Agreed Minutes are intended to support time-bound implementation.
    August 1, 2026
    Show AI Summary
    GST collection growth in West Bengal continued year-on-year in July but remained below the national growth trend.
    West Bengal's July GST collection increased year-on-year and over the preceding month, marking a second consecutive month of annual growth. Official data also indicated that the State's annual growth rate was below the national trend, while gross domestic GST revenue excluding imports and overall gross GST collections including import-related taxes rose nationally during July.
    August 1, 2026
    Show AI Summary
    GST collection growth reflects higher revenue mobilisation from domestic transactions and imports, with refunds adjusted in net revenue.
    Goods and Services Tax collections increased in July, driven by higher revenue from domestic transactions and imports. The gross collection comprised Central GST, State GST and Integrated GST components. Refunds also increased during the month, and net GST revenue was determined after adjustment of refund outflows from gross tax receipts.
    August 1, 2026
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    Concessional foreign-exchange swaps encourage bank deposits and foreign borrowings to strengthen balance-of-payments resilience and foreign-exchange liquidity.
    The Reserve Bank of India introduced a concessional foreign-exchange swap facility to encourage foreign-currency inflows, strengthen the balance of payments and support foreign-exchange liquidity. The facility applies to fresh Foreign Currency Non-Resident (Bank) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings. Foreign Currency Non-Resident (Bank) deposits constitute the principal source of inflows mobilised under the arrangement. The facility is available for specified time-bound periods, with a later availability period for Overseas Foreign Currency Borrowings and External Commercial Borrowings.
    August 1, 2026
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    Unauthorised pledge of listed-company land triggered securities-market bars for disclosure failures and misuse of management authority.
    Unauthorised pledge of ZEEL's Hyderabad land as security for loans obtained by promoter-linked entities was treated as a related-party transaction lacking prior audit committee approval. ZEEL failed to disclose the land's deployment in its financial statements. Its Chairman Emeritus was stated to have transferred title deeds by falsely representing management approval and to have concealed the transaction's nature. Securities-market prohibitions and monetary penalties were imposed with immediate effect.
    August 1, 2026
    Show AI Summary
    Trade and sustainable development policy integrates carbon regulation, sustainability standards and domestic frameworks to strengthen trade competitiveness and preparedness.
    Trade and Sustainable Development policy was examined in relation to international trade disciplines, sustainability regulation and India's trade strategy. Discussions considered carbon markets, carbon pricing, carbon border adjustment measures, sustainability standards and regulatory cooperation, and their implications for trade and industrial competitiveness. Domestic mechanisms, including the Carbon Credit Trading Scheme, Indian Carbon Market, Extended Producer Responsibility framework, and accreditation and conformity assessment systems, were considered for strengthening preparedness for emerging sustainability-related trade disciplines.
    August 1, 2026
    Show AI Summary
    Digital public procurement engagement begins with stakeholder events promoting transparent, efficient and inclusive marketplace governance.
    Government e-Marketplace launched ten-day celebrations preceding its tenth Foundation Day, including a commemorative logo, stakeholder events and recognition of employees, buyers and sellers. The programme begins a year-long nationwide outreach initiative bringing together buyers, sellers, policymakers, industry representatives and ecosystem partners through events, dialogues and collaborative platforms. Its stated focus is technology-enabled, transparent, efficient and inclusive public procurement.
    July 31, 2026
    Show AI Summary
    Strategic trade controls require dual-use exports to comply with national law and international obligations amid arms-transfer allegations.
    Strategic trade controls governing dual-use exports require Indian exports of dual-use items and technologies to comply with national law and India's international obligations. The stated framework applies to exports to various countries. In response to allegations concerning supplies to Israel, the position notes calls for an arms embargo covering direct or indirect transfers of arms and military material, including weapons, ammunition, parts and components, without determining the underlying allegations.
    July 31, 2026
    Show AI Summary
    Greenfield airport development under a public-private partnership advances licensed international passenger, cargo, logistics, and sustainable infrastructure.
    A greenfield international airport is being developed under a Public-Private Partnership and Design, Build, Finance, Operate and Transfer framework, with airport, aviation-hub, education and supporting infrastructure components. The airport has obtained an aerodrome licence and required safety, fire and environmental clearances. Passenger, airfield and terminal systems are designed for domestic and international operations. A cargo terminal with cold-chain facilities and integration with port, industrial-corridor and logistics networks are intended to strengthen exports and air-cargo logistics. Recycled-water use and LEED Platinum development standards form part of its environmental measures.
    July 31, 2026
    Show AI Summary
    Regulatory and legal developments cover trade measures, legislative action, offshore exploration support, court directions and platform algorithm scrutiny.
    The compilation reports proposed United States tariff measures concerning purchasers of Russian oil and gas, India-United Kingdom trade engagement, extension of farmer-support measures, and approval of offshore exploration support. It also covers passage of the Registration of Births and Deaths (Amendment) Bill, 2026, a privilege-motion notice, a criminal sentencing, and directions to appoint a nodal officer for families affected by the Russia-Ukraine war. Regulatory items include industrial credit data and examination of social-media algorithms, bias and public-order implications.
    July 31, 2026
    Show AI Summary
    Russian oil purchases may trigger proposed targeted tariffs, with periodic reassessment based on countries' purchasing behaviour.
    Proposed United States measures would authorise sanctions against Russia and persons supporting its war in Ukraine, while permitting targeted tariffs on imports from countries purchasing substantial volumes of Russian oil or gas or facilitating sanctions evasion. The framework identifies major purchasers and shadow-fleet facilitators for possible additional tariffs and provides for periodic reassessment and tariff adjustments based on purchasing behaviour. India stated that its energy-security policy rests on national priorities and diversified energy sources.
    July 31, 2026
    Show AI Summary
    Money-laundering proceedings face challenge over absent predicate offence, alleged lack of criminal intent, and treatment of related FIRs.
    Money-laundering proceedings linked to alleged diversion of homebuyer funds are challenged on the ground that no scheduled offence or criminal intent is attributable to the petitioner. The petitioner relies on his asserted exoneration in two predicate FIRs, where charge sheets did not name him, and settlement of the remaining FIR. Notice was issued for a response and status report, and the petitioner undertook to cooperate with the investigation.
    July 31, 2026
    Show AI Summary
    Rupee appreciation reflected foreign capital inflows and central bank support, tempered by crude prices and geopolitical tensions.
    Rupee appreciation against the US dollar was linked to sustained foreign capital inflows and Reserve Bank support through dollar selling. Higher crude oil prices, a stronger US dollar and geopolitical tensions in West Asia constrained further gains. A slightly positive near-term rupee bias was associated with softer dollar conditions, dovish US monetary expectations, favourable global markets and improved foreign inflows, while geopolitical risks remained relevant. Domestic equity indices rose, foreign-exchange reserves increased, and fiscal-deficit data showed the central government's position against its full-year target.
    July 31, 2026
    Show AI Summary
    India-UK trade agreement enables duty-free access and bilateral cooperation on investment, technology, and strategic partnership.
    The India-UK Comprehensive Economic and Trade Agreement provides zero-duty market access in the UK for nearly 99 per cent of India's exports and is intended to expand bilateral trade and investment opportunities. The governments committed to maximise its benefits through the Comprehensive Strategic Partnership, including cooperation on technology, innovation, security, clean energy, education and people-to-people links. Advanced technology collaboration, including artificial intelligence, is also contemplated.
    July 31, 2026
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    Excise duty increases on cigarettes pressured profitability, while calibrated pricing and FMCG growth supported market resilience.
    Excise duty increases on cigarettes affected consolidated profitability, prompting calibrated pricing and portfolio measures to protect market share and limit migration to illicit trade. The cigarette portfolio was re-architected across price points through value-accretive offerings and staggered pricing actions. Non-cigarette FMCG growth was supported by demand for packaged foods, dairy and personal-care products. Input-cost inflation was mitigated through inventory cover, commodity hedging and price-volume rebalancing amid crude-price volatility, supply-chain disruption and imported inflation concerns.

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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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