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    Rupee gains 13 paise to close at 95.15 against US dollar post-RBI policy decision
    ED raids premises linked to ex-Andhra MLA Malla Vijaya Prasad in chit fund scam
    'Gungi gudiya' remark against Sunetra shows Cong's 'ideological bankruptcy': NCP leader Tatkare
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    Collaboration, Inclusion and Entrepreneurship: How SIDBI MSME Samvaad Is Shaping the Future of India’s MSME Ecosystem
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    RBI keeps policy rate unchanged for third time in row amid West Asia crisis
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    August 5, 2026
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    Foreign exchange stability measures support the rupee as policy continuity, capital inflows and global risk sentiment shape currency expectations.
    Foreign exchange market movement reflected a rupee appreciation against the US dollar following the monetary policy decision to retain the repo rate and neutral stance. Market sentiment was supported by softer crude oil prices, weakness in the US dollar, lower US Treasury yields and foreign equity inflows. The monetary policy framework sought to support capital inflows and maintain an orderly rupee trajectory, with geopolitical developments and US economic data remaining relevant to near-term exchange-rate expectations.
    August 5, 2026
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    Money-laundering investigation examines alleged proceeds from chit fund operations following searches linked to a former company managing director.
    A money-laundering investigation concerns alleged proceeds of crime arising from a multi-state chit fund operation associated with Welfare Building and Estates Pvt Ltd. The company is alleged to have collected investor deposits through investment schemes promising high returns before defaulting. Searches at premises linked to its former managing director form part of the inquiry into alleged laundering. The underlying alleged fraud had previously resulted in a CBI case and multiple police FIRs.
    August 5, 2026
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    Political restraint in public communications was urged, alongside adherence to principal-speaker protocol during press conferences and media interactions.
    Political restraint in public communications was urged after a social-media remark directed at Sunetra Pawar was criticised as ideologically irresponsible. It was stated that regret alone was insufficient and that leaders should exercise care in public comments. Press-conference protocol was also emphasised: the principal dignitary should respond to media questions, and those seated alongside should not participate in the interaction. Party colleagues were expected to act more responsibly in future media engagements.
    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
    Show AI Summary
    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
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    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.

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      PM Modi has turned the spirit of Innovation and Entrepreneurship into a festival in India, say Young and Budding Entrepreneurs

      January 17, 2025

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      More than 50 startups make a pitch to Shark Tank Judge and Entrepreneur, Anupam Mittal to mark the 'National Startup Day 2025' celebration at Chandigarh University CHANDIGARH, India, Jan. 17, 2025 /PRNewswire/ -- On the occasion of National Startup Day, Chandigarh University hosted SANDBOX 2025, a flagship event to celebrate the entrepreneurial ecosystem of North India and showcase the groundbreaking innovations, foster meaningful collaborations among startups, investors, industry leaders as well as aspiring entrepreneurs, with Shark Tank India judge and Shaadi.com Founder, Anupam Mittal, as Chief Guest to mentor budding entrepreneurs.

      Hosted by Chandigarh University Technology Business Incubator (CU-TBI), with the theme, 'Empowering Visionaries, Redefining Tomorrow,' SANDBOX 2025 received an overwhelming response with over 1000 registrations by start-ups for the event. Of the 250 viable startups shortlisted from the total registrations from 45 cities all across the country, including cities like Kolkata, Delhi, Mumbai, Bengaluru, Hyderabad, 50 selected startups, including 17 startups based on Artificial Intelligence, were exhibited during the event. Out of these 50 startups covering a range of fields including business, content, health care and agriculture, the top 10 startups including Capeels, Innow8, Akarshana, Carewell 360, Ashya Pro 6, Medoc, Weaving Dreams, DCS Pro, Clienthals and Resolex, received the opportunity to pitch before Shark Tank India judge and Shaadi.com Founder, Anupam Mittal. On this occasion, young entrepreneurs said that PM Modi has turned spirit of innovation and entrepreneurship into a festival in India by declaring January 16 as National Startup Day to honour the creativity, resilience and determination of country's innovators and entrepreneurs.

      Prominent among those who attended, the event included Satnam Singh Sandhu, Member of Parliament (Rajya Sabha) and Chandigarh University Chancellor, Sanjiv Sethi, MD, Gilard Electronics Pvt, Ayush Bagga, T-HUB Head, Government Relations, Ankit Saxena, IIT Delhi, Director, DS Centre of Entrepreneurship, Narender Verma, CII Executive Manager, Founder and Chief AI Officer, VK Sharma, CDAC Director, Shailendra Tyagi, STPI Director at Software Technology Parks of India (STPI), Ministry of Electronics & IT, Government of India, Munish Jauhar, Nasscom, Founder and CEO of GrayCell Technologies.

      On the occasion, Shark Tank India judge and Shaadi.com Founder, Anupam Mittal, said that in the past decade, there is a manifold increase in the spirit of innovation and entrepreneurship in India. "The biggest reason for this is our government which has created many new opportunities to encourage our youth. An entrepreneur does not wait for an opportunity; he rather creates an opportunity on his own. I am sure that the in-born entrepreneurship skills in Indians will make them the top entrepreneurs of the world in upcoming 10 years," he added.

      "One of the interesting aspects of our culture and civilization is that we have always been entrepreneurs. We have created many things in our country and given them to the world. So the entrepreneurship is there in us Indians by birth. We just have to think about it, understand it and recognize it. This is the reason why many of our entrepreneurs are the best at the world level. I just want to tell the youth that you should not just think about becoming an entrepreneur, you should rather aim to become the best entrepreneur in the world," Mittal added.

      Member of Parliament and Chancellor, Chandigarh University, Satnam Singh Sandhu, said, "India's startups have witnessed a golden era in past 10 years under PM Modi's leadership. Startup supportive policies have made India a nation of technology and ideas which is evident from the fact that today, India is the world's 3rd largest startup ecosystem with over 1.57 lakh startups and 110 unicorns. Under PM Modi's leadership, the number of startups in India surged to over 1.57 lakh from 350 in 2014, creating over 16 lakh jobs across various sectors. These startups are playing a crucial role in making India self-reliant under PM Modi's leadership. India's youth today are becoming job-providers instead of job-seekers. This way, startups are playing a pivotal role in India's journey towards becoming a Viksit Bharat by 2047 with right decisions taken at the right time, which have helped startup networks go beyond metropolitan boundaries to more than 600 districts across the nation. India's commitment to nurturing startups is reflected in the allocation of over Rs. 10,000 crore through the Startup India initiative over the past decade. With 67,000 startups having at least one-woman director, India is cultivating a dynamic and inclusive entrepreneurial ecosystem in which women lead more than 45 percent of startups to place India in the global arena." "As a Research-Intensive University, Chandigarh University remains focused on research and innovation by fostering an entrepreneurial ecosystem which encourages its students to innovate new technologies and unlock boundless opportunities for growth. Ever since the inception of Chandigarh University, CU students have created over 150 Start-Ups. Chandigarh University's Technology Business Incubator (CU-TBI) is mobilizing Rs. 5 crore to catalyze growth in the startup ecosystem at CU. This initiative brings together key stakeholders from Chandigarh University and venture capital partners to empower innovative startups and foster entrepreneurship," Sandhu added.

      Participating in a panel discussion on startups, Sanjeev Sethi, MD, Gillard Electronics Pvt. Ltd., said, "Times have changed now, few years back, the concept was that those who got a degree would get employment and those who did not would become entrepreneurs. Soon society and nation realized that entrepreneurship is very important for the country and nation. And an uneducated entrepreneur can go only up to a level, so there is a need for people with degrees to also become entrepreneurs. Earlier there was no focus on entrepreneurship. The present time is a good time for future entrepreneurs, as things have become easier now. The country has realized the importance of entrepreneurship and startups. All it takes to succeed is an idea, then a plan and then implementation to make it successful. The idea (startup) should be kept in a larger perspective." Aayush Bagga, Head, Government Relations, T-Hub, said, "We as an incubator have to understand what our role is, what our objective is in supporting the right startups and whether it is qualitative or quantitative that we want to achieve. To simplify, there are certain parameters, certain metrics that we have formulated to support the right startups. First of all, we definitely need to understand what the difference between a traditional business and a startup is. Every startup and every founder should always have their own advisory board. The founder can always have their own personal advisory board. From there, we can get the right inputs. So in this way, inspiring mentors are very important because entrepreneurship is a journey. As far as I have experienced entrepreneurship, it all happens gradually." Munish Jauhar, Founder and CEO of GrayCell Technologies, and one of India's top 100 Angel Investors (Fortune India), said, "In the past, Indians were always looked up on as coders, basically people you would outsource work to, you would give a set of instructions that they would prove. But now, the things are changing very, very rapidly. We see numerous startups coming out of this region as well. I don't see anything that is going to withhold India back now. We have a plethora of very high quality education, not only at graduate, under graduate, or postgraduate level. So we cover it all. We have an angel investment group in Punjab. We have a very strong otherwise entrepreneurial ecosystem." Ankit Saxena, Director, DS Centre Of Entrepreneurship, FITT, IIT Delhi, said, "The way technology has disrupted the entire ecosystem, we are seeing success stories coming at very early years of any individual now. We have seen that when as an entrepreneur comes up with an idea, which is driven by technology, they not only create jobs within their venture, but they also end up creating a platform which creates more entrepreneurs." "If you want to try out entrepreneurship, you can do some internships with some existing startups to understand how a startup works. Because entrepreneurship is also a very tricky subject. You have to create something new, something very disruptive to be very successful, if you want to create a scalable business," he added.

      About Chandigarh University Chandigarh University is a NAAC A+ Grade University and QS World Ranked University. This autonomous educational institution is approved by UGC and is located near Chandigarh in the state of Punjab. It is the youngest university in India and the only private university in Punjab to be honoured with A+ Grade by NAAC (National Assessment and Accreditation Council). CU offers more than 109 UG and PG programs in the field of engineering, management, pharmacy, law, architecture, journalism, animation, hotel management, commerce, and others. It has been awarded as The University with Best Placements by WCRC.

      Website address: https://www.cuchd.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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