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    PM Modi, UK PM Burnham commit to harnessing full potential of mega trade deal
    ITC Q1 profit declines 15.6 pc to Rs 4,508.79 cr; non-cigarette FMCG posts robust growth
    Punjab extends deadline of one-time scheme for settling tax dues of pre-GST period till Sept 30
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    APEDA Facilitates First-Ever Air Shipment of Karnataka's Neelam and Totapuri Mangoes to the Maldives
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    July 31, 2026
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    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.
    July 31, 2026
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    One-Time Settlement Scheme offers final pre-GST tax dispute resolution relief before stricter recovery action against defaulters begins.
    The One-Time Settlement Scheme 2025 for pre-GST tax dues has been extended until September 30. Eligible taxpayers may resolve pending legacy tax disputes with full waiver of interest and penalties and slab-wise relief in principal tax. After the deadline, recovery action may be intensified under applicable tax laws and the Punjab Land Revenue Act, including property attachment, auction and freezing of bank accounts. The department also supports amicable settlement of tax disputes through the SAMADHAN initiative.
    July 31, 2026
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    Bilateral trade agreement implementation supports expanded trade, investment and strategic cooperation through technology, security, clean energy and community links.
    The India-UK Comprehensive Economic and Trade Agreement was identified as a framework for expanding bilateral trade and investment opportunities following its operationalisation. The two governments proposed closer cooperation to use the agreement for shared prosperity, while advancing their comprehensive strategic partnership through technology, innovation, defence, security, clean energy, education and people-to-people links.
    July 31, 2026
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    Sectoral bank credit growth reflects broad-based expansion across industry, services, agriculture and personal loans, with slower credit-card growth.
    Sectoral bank credit growth accelerated across non-food lending, agriculture, industry, services and personal loans. Industrial credit expanded across micro and small, medium and large enterprises, with strong lending to infrastructure, engineering, food processing, textiles, construction, metals, petroleum-related products and chemical products. Services lending was supported by non-banking financial companies, commercial real estate and trade. Vehicle and housing loans maintained double-digit growth, while credit-card outstanding growth decelerated.
    July 31, 2026
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    Biometric identification of protesters through alleged fingerprint-Aadhaar linkage was described alongside criminal-background profiling and database creation.
    Biometric identification of protesters through fingerprints recovered from alleged stone-pelting evidence was publicly described as a proposed investigative method. A minister stated that fingerprints allegedly found on stones would be linked with Aadhaar numbers to identify participants and examine their prior records. The account also referred to analysis and categorisation of detained protesters' criminal backgrounds, creation of a separate database, and proposed action against participants described as anti-social elements or persons with criminal records.
    July 31, 2026
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    Offshore hydrocarbon exploration support funds high-risk deepwater drilling, shared infrastructure and data acquisition to strengthen domestic energy production.
    The National Offshore Exploration Scheme provides public support for deepwater and ultra-deepwater oil and gas exploration, including seismic and offshore data acquisition, exploratory drilling in frontier basins, and common production and evacuation infrastructure. It addresses the high cost and geological uncertainty of offshore drilling and includes technology adoption, digital programme management, capacity building and collaboration measures. The scheme seeks to expand domestic hydrocarbon discoveries and production, attract investment across the exploration and production value chain, and reduce reliance on imported oil and gas.
    July 31, 2026
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    Foreign exchange reserves increased as foreign currency assets and gold holdings rose, alongside measures to attract forex inflows.
    India's foreign exchange reserves increased during the reporting week, principally because foreign currency assets and gold reserves rose. Foreign currency assets, expressed in United States dollar terms, include valuation effects from movements in currencies such as the euro, pound and yen. Special Drawing Rights and the reserve position with the International Monetary Fund declined. Measures including the FCNR(B) measure were reported as efforts to attract foreign-exchange inflows following rupee pressure and dollar-sales intervention.
    July 31, 2026
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    Digital marketplace access for women's self-help group products expands e-commerce opportunities while panchayat-level citizen services are strengthened.
    Digital marketplace access for women's self-help group products is proposed through a memorandum of understanding between CSC eStore and the Jharkhand State Livelihood Promotion Society. Products marketed under the 'Palash' and 'Adiva' brands are intended to be offered through an e-commerce network to widen market access, support rural women's income and entrepreneurship, and strengthen the rural economy. Digital panchayat services are also being expanded through Common Service Centres, including banking, e-governance and Aadhaar-related services.
    July 31, 2026
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    Agricultural export facilitation expands market access for late-season mangoes through farmer aggregation and direct global market linkages.
    Agricultural export facilitation enabled an air shipment of late-season Neelam and Totapuri mangoes to an international market, expanding market access and extending the mango export season. Direct sourcing through a Farmer Producer Company supported organised aggregation, quality produce, and export-oriented supply chains. Direct procurement and export market linkages enabled participating farmers to realise higher returns than conventional market channels while promoting horticultural export diversification.
    July 31, 2026
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    Cross-border digital payment integration enables real-time Favara transfers from Maldives mobile banking applications to UPI-enabled accounts in India.
    Cross-border digital payment integration between Favara and UPI enables individuals in the Maldives to make real-time person-to-person transfers to UPI-enabled bank accounts in India through mobile banking applications. Transfers are initiated in Maldivian Rufiyaa and credited in Indian Rupees. The initial service is available through participating Maldivian banks. Permitted remittances include family-maintenance transfers under foreign inward and outward remittance categories, and gift-related transfers under foreign outward remittance. Future phases are intended to introduce QR-based merchant payments and other digital payment services.
    July 31, 2026
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    Procedural Fair Hearing in competition inquiries requires notice when the Commission departs from investigative findings before imposing action.
    Competition law procedure requires the Competition Commission to notify and hear an opposite party when departing from the Director General's findings. The penalty order concerning alleged abuse of dominance in viscose staple fibre supply was set aside because Grasim Industries was not given an opportunity to respond to the Commission's disagreement with the investigative findings. The matter was remanded for fresh, time-bound consideration without a finding on the merits.
    July 31, 2026
    Show AI Summary
    Manufacturing contraction highlights weak domestic demand, property-sector pressure and continued reliance on technology-related exports for economic growth.
    Manufacturing activity in China contracted in July, as the official purchasing managers' index fell below the expansion threshold and new orders and production declined. Weak domestic demand, lower building activity and possible typhoon-related disruptions contributed to the slowdown. Consumer spending, investment and property-sector weakness continue to affect confidence, while technology-related exports support growth. Policy commitments include strengthening domestic consumption amid continued reliance on exports.
    July 31, 2026
    Show AI Summary
    Public-private partnership airport development strengthens aviation, cargo logistics, export infrastructure and sustainable connectivity through an integrated international airport project.
    The Bhogapuram airport project is being implemented under a Public-Private Partnership through the Design, Build, Finance, Operate and Transfer framework. It has obtained required aerodrome, safety, fire and environmental clearances and includes infrastructure for domestic and international aviation, passenger processing and airport security. Cargo and cold-chain facilities are intended to support exports and logistics integration, while recycled-water use and LEED Platinum standards form part of the project's sustainability features.
    July 31, 2026
    Show AI Summary
    Rupee appreciation against the US dollar continued as foreign inflows and lower crude prices supported domestic currency markets.
    Rupee appreciation against the US dollar continued in early trading, supported by foreign capital inflows and lower global crude oil prices. A stronger US dollar constrained further appreciation, while expectations of continued Reserve Bank of India intervention were cited as supporting the rupee. Declining Brent crude prices, gains in domestic equity indices and net foreign institutional investment in equities were also identified as relevant market factors.
    July 31, 2026
    Show AI Summary
    Value-added Makhana exports expand international market access, support quality compliance, and improve farmer returns through processing and branding.
    Agricultural export facilitation supported the first sea shipment of value-added flavoured Makhana from Bihar to Canada. Processed and packaged to international quality and food-safety standards, the export demonstrates the role of processing, value addition and export-oriented manufacturing in expanding overseas market access. The initiative is stated to improve farmer returns through value addition, while capacity building, export infrastructure, quality compliance, market linkages and stakeholder collaboration support the agri-export ecosystem.
    July 30, 2026
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    Market access for Indian pharmaceuticals remains central to bilateral efforts to promote sustainable trade and economic cooperation.
    Enhanced market access for Indian products, particularly pharmaceuticals, was raised in discussions aimed at strengthening bilateral trade and economic ties. The discussions addressed sustainable trade, and the sides agreed to increase mutual cooperation and communication. India continues to seek greater access to China's information technology, pharmaceutical and agricultural sectors, while pursuing increased pharmaceutical exports and Chinese investment. Bilateral trade increased, but India's trade deficit widened, reflecting an ongoing imbalance in trade flows.
    July 30, 2026
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    Money laundering asset attachment targets overseas bank deposits linked to alleged loan fraud and fugitive economic offenders.
    Provisional attachment under the Prevention of Money Laundering Act was reported against Singapore bank deposits held by a company promoter and associated entities in an alleged loan-fraud and money-laundering investigation. The underlying case arises from allegations of fraud, criminal misappropriation, criminal breach of trust and cheating affecting a consortium of lending banks. Service of the attachment order was reported through mutual legal-assistance arrangements, and the promoters had reportedly been declared fugitive economic offenders.
    July 30, 2026
    Show AI Summary
    Deposit interest rate uniformity requires equal rates for similar deposits, while allowing risk-based differentiation for bulk deposits.
    Banks must apply uniform deposit interest rates across branches and customers for similar deposit amounts accepted on the same date, without discrimination. Rates payable, including for bulk deposits, must strictly follow schedules disclosed in advance on bank websites. Bulk deposit rates must be published each business day at 10:00 am, subject to a short permitted delay. Differentiated bulk-deposit rates may be offered based on applicable differential run-off rates under the Liquidity Coverage Ratio framework.
    July 30, 2026
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    Supply-chain continuity measures prioritise energy, fertiliser and seafarer protection amid conflict-driven disruptions across critical maritime transit routes.
    Supply-chain continuity and energy security measures were reviewed in response to geopolitical conflicts disrupting maritime transit routes and imports. Measures included diversification of LPG procurement, maintenance of petroleum stocks, expansion of PNG, gas-grid, LNG and city-gas infrastructure, and pipeline connectivity approvals. Fertiliser requirements and alternative procurement sources were considered to ensure uninterrupted supply. A unified monitoring mechanism and support arrangements for seafarers, including timely information, emergency assistance and counselling, were directed to protect citizens, economic interests and the Indian diaspora.

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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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