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    Punjab govt committed to paying all valid dues; legal options being examined: FM Cheema
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    Rupee gains 9 paise against US dollar
    India, US working towards interim trade agreement: MEA
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    50,000 Students to Participate in Season 2 of the Franklin Templeton National Mutual Fund Olympiad 2026
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    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.
    August 4, 2026
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    Responsible precious-metals recycling supports recycled-gold products, organised buyback channels and a more self-reliant domestic supply chain.
    Responsible precious-metals recycling is promoted through a commemorative recycled-gold coin intended to support domestic recycling, responsible sourcing and a self-reliant supply chain. The product is described as having certified purity authentication, tamper-proof packaging, a unique identification number and an assayer-certified minted card. The initiative seeks to reduce dependence on imported gold and expand organised, transparent recycling infrastructure. An organised silver buyback programme is also described as supporting secure consumer sales and a circular economy for precious metals.
    August 4, 2026
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    Broad-based growth strategy links tax reforms, trade resilience, industrial support and services development to medium-term economic expansion.
    The growth strategy combines agricultural productivity, manufacturing, MSME support, infrastructure, logistics, ease of doing business, streamlined income-tax and GST reforms, innovation, digitalisation, human-capital development, energy security, public capital expenditure, foreign direct investment liberalisation, export promotion, fiscal prudence and price stability. Trade resilience is to be strengthened through expanded trade agreements, while manufacturing, services, agriculture and strategic sectors receive targeted policy support. The material also reports secured-asset enforcement cases and recoveries by banks under the SARFAESI framework during FY25.
    August 4, 2026
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    Co-operative bank governance and financial disclosure support digital transformation, risk management, priority-sector lending and sustainable member-focused growth.
    Co-operative bank governance and financial disclosure were addressed at the annual general meeting, where the member-notice agenda was transacted and audited financial statements were presented. The bank reported growth in business, deposits and advances, together with net profit, asset quality, provisioning coverage and capital adequacy indicators. Its operational priorities include digital transformation, risk management, selective network expansion, customer service and operational discipline. Future priorities include retail and priority-sector lending, MSMEs, affordable housing and institutional deposits.
    August 4, 2026
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    Foreign-exchange market conditions weakened the rupee as oil prices, domestic equities and dollar strength shaped near-term currency expectations.
    The rupee weakened against the US dollar amid elevated crude oil prices, weaker domestic equities and a stronger dollar index, while foreign fund inflows moderated the decline. Attention shifted to the central bank's monetary policy meeting, with continuation of the existing benchmark policy rate anticipated. Earlier measures encouraging overseas dollar deposits and facilitating foreign participation in government bonds were reported to support capital inflows and India's external position.
    August 4, 2026
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    MSME credit expansion combines SIDBI lending initiatives with guaranteed additional working-capital facilities for eligible borrowers.
    MSME credit access is being expanded through SIDBI's branch network, direct lending, refinance support, co-lending arrangements, affordable credit for informal micro-entrepreneurs, and invoice-based digital credit for micro enterprises. Emergency Credit Line Guarantee Scheme 5.0 enables eligible MSMEs to obtain additional credit linked to peak fund-based working-capital outstanding, with full guarantee coverage for member lending institutions against defaults on the additional facility. The scheme also covers scheduled passenger airlines under distinct eligibility and guarantee parameters.
    August 4, 2026
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    Furniture and interiors sourcing platform connects Indian manufacturers with domestic and international trade buyers through direct procurement opportunities.
    imm india 2026 is presented as a business-to-business sourcing platform linking Indian furniture, home de cor, rug, carpet, mattress and handicraft manufacturers with domestic and international trade buyers. It is intended to provide direct manufacturer access, design-led sourcing and project-scale procurement opportunities for architects, designers, retailers, hospitality professionals and real estate developers. The programme includes a hosted buyer initiative, industry conferences, knowledge sessions and awards addressing innovation, sustainability, craftsmanship and design.
    August 4, 2026
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    Financial literacy Olympiad builds students' practical understanding of mutual funds, financial planning, market concepts and responsible investment participation.
    Financial literacy and investment awareness are promoted through a nationwide, multi-level educational competition for undergraduate and postgraduate students. Participants are assessed on mutual funds, investment fundamentals, financial planning, market concepts and long-term wealth creation, with exposure to market-linked products including ETFs, portfolio management services, alternative investment funds and specialised investment funds. The initiative combines academic institutions and financial-sector participants to improve practical investment knowledge, informed decision-making and responsible participation in investment markets.
    August 4, 2026
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    WTO dispute settlement challenges test India's safeguards, agricultural support, technology tariffs and production-linked incentives across pending proceedings.
    Nine pending WTO disputes against India concern safeguard measures, sugar support and export schemes, information and communications technology tariffs, and technology-sector incentives. India contests the claims as consistent with its WTO rights and obligations. Appeals concerning iron and steel safeguards, sugar measures, and certain information and communications technology tariff reports remain pending, including because the WTO Appellate Body is non-functional. Other proceedings concern Chinese challenges to production-linked incentives, tariffs, and solar, automotive, renewable-energy and information-technology measures; one panel proceeding is ongoing and another panel has not been constituted.
    August 4, 2026
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    Digital business law and entrepreneurship education combine management, compliance and innovation training for technology-driven enterprise careers and ventures.
    The MBA programme integrates management education, entrepreneurial capability, digital business law, and legal and policy awareness for technology-driven enterprise. It addresses compliance, digital platforms, data-driven decision-making, artificial intelligence, digital transactions, intellectual property, cross-border commerce and evolving regulatory frameworks. The programme is designed for prospective founders, start-up professionals, transforming family businesses and careers in consulting, strategy, business development, policy-oriented enterprises and digital commerce, with industry-relevant entrepreneurship education and digital-first learning.
    August 4, 2026
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    Savings account access expands through video KYC, mobile banking, no-minimum-balance options, monthly interest payments and deposit insurance coverage.
    Savings accounts provide monthly interest payments, liquidity and access to funds, subject to eligibility, internal policies and applicable terms. Digital account opening through Video KYC is available for an account with no minimum balance requirement, supported by mobile banking for UPI transfers, bill payments and balance monitoring. Account variants include premium, value-oriented, agricultural, financial-inclusion, children's and basic no-frills accounts. Deposit insurance applies up to the prescribed limit per depositor per bank.
    August 4, 2026
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    Foreign-exchange market conditions supported a modest early rupee gain, while importer demand and policy data remained key factors.
    Foreign-exchange market conditions supported a marginal early appreciation of the rupee against the US dollar, led by broad US-dollar weakness, improved risk sentiment, lower oil-price levels and foreign portfolio inflows. Importer demand for dollars moderated the movement. Market direction remained linked to the forthcoming monetary-policy decision and US economic data, while reported central-bank activity was described as helping smooth currency volatility. The US dollar index, crude-oil movements, global supply expectations and domestic equity-market activity were relevant exchange-rate influences.
    August 4, 2026
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    Quality statistics drive statistical-system reform through administrative data, interoperable systems, stronger governance, and international cooperation for evidence-based policymaking.
    Quality statistics are advanced through modernised national statistical systems, administrative data, digital public infrastructure, and stronger data-governance and privacy standards. Cooperation among national statistical offices is intended to address data gaps through knowledge sharing, methodological harmonisation and statistical innovation. Discussions also emphasised digital dissemination, transformational statistical reforms, and the use of administrative data for timely, cost-effective and granular official statistics, supported by harmonised metadata, interoperable systems and institutional collaboration.
    August 4, 2026
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    Digital statistical modernisation strengthens survey quality, macroeconomic indicators, international standards alignment and infrastructure performance monitoring through standardised data systems.
    National statistical modernisation uses digital survey platforms with validation checks, AI-enabled support and multilingual interfaces, alongside short-duration surveys and administrative data to improve sampling and timely official statistics. Reforms include base revisions for Gross Domestic Product, Consumer Price Index and Index of Industrial Production; adoption of metadata, quality-assessment and classification standards; and alignment with international statistical principles and methodologies. Sustainable development indicators and infrastructure monitoring are supported through a national indicator framework, PAIMANA and a standardised performance dashboard.
    August 3, 2026
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    Windfall gains tax on petroleum exports increases to discourage exports and preserve domestic fuel availability during regional supply disruptions.
    Special additional excise duty on exports of petrol, diesel and aviation turbine fuel has been increased for the relevant fortnightly period, while existing duty rates for petrol and diesel cleared for domestic consumption remain unchanged. The windfall gains tax is intended to preserve domestic availability of petroleum products during the West Asia crisis and prevent exporters from benefiting unduly from price differences linked to elevated global crude oil prices.

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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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