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    Freedom to Spend Smarter: AU Small Finance Bank Credit Cards Bring Rewards, EMI Flexibility and Lounge Access to India''s Biggest Shopping Month
    Rupee falls 8 paise to 95.25 against US dollar in early trade
    APEDA Facilitates First-Ever Export of GI-tagged Mithila Makhana by Sea Route from Bihar to Australia
    Government signs strategic MoUs with key industry leaders and ecosystems to strengthen support to StartUps
    No Charges for UPI Users
    Competition Commission of India (CCI) hosts BRICS Heads of Competition Authorities 2026 meeting
    ICoAS fraternity reaffirms commitment to cost optimisation for Atmanirbhar Bharat on ICoAS day 2026
    Govt to introduce bill in Lok Sabha to broaden NCDC's mandate for co-operative sector growth
    AAP govt indulged in large-scale financial irregularities, caused losses to exchequer: Delhi minister
    ED files chargesheets in 2 PMLA cases against Anil Ambani Group companies, ex-executives
    RJD criticises UDF govt's move not to disburse pensions through cooperative banks
    Raymond Limited reports a healthy Q1 FY27 performance
    Why Most People Choose the Wrong Savings Account And How Not to Be One of Them
    RBI has proactively helped UCBs; cooperatives should look at regulator differently: Shah
    Ministry of Agriculture, Food and Rural Affairs and aT Host '2026 K-Food Fair in New Delhi, India'
    No compromise on tackling illegal immigrants' issue: Minister Priyank Kharge
    Technology, transparency key for urban cooperative banks to stay competitive: Shah
    Paul Merchants Gets RBI Approval for Perpetual AD Category-II Licence Under Revised FEMA Framework
    IEPFA Organises Stakeholder Engagement with Nodal Officers of Companies on Integrated IEPFA Portal 2.0
    Rupee settles with 5 paise gain at 95.17 against US dollar
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    August 10, 2026
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    Credit card payment flexibility supports seasonal shopping and travel through eligible EMIs, rewards, tracking tools and conditional merchant benefits.
    Credit-card spending features include conversion of eligible purchases into EMIs, selected no-cost EMI options, reward points, cashback, merchant discounts and payment flexibility. Travel-related benefits may include domestic airport lounge access, travel-booking discounts, fuel-surcharge waiver and anniversary-linked rewards. The AU 0101 application enables transaction tracking, balance and interest-rate monitoring, EMI conversion and bill-payment management. Features and offers are subject to change, customer eligibility, internal policies and partner-merchant terms.
    August 10, 2026
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    Foreign-exchange market conditions weakened the rupee as stronger dollar and crude prices offset support from reserve growth and inflows.
    Foreign-exchange market conditions saw the rupee weaken against the US dollar in early trading, influenced by a stronger dollar and higher global crude oil prices. Foreign institutional equity inflows and increased foreign-exchange reserves moderated pressure on the rupee. Market attention remained focused on developments in West Asia and the Reserve Bank of India, alongside movements in the dollar index, crude oil prices and domestic equity markets.
    August 10, 2026
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    GI-tagged Mithila Makhana export facilitation expands sea-route market access while supporting quality compliance and farmer-linked value chains.
    Export facilitation for GI-tagged Mithila Makhana enabled the first commercial sea-route shipment from Bihar to Australia. APEDA, in association with the Bihar agriculture department, supported market access, coordination, capacity building and stakeholder engagement. The export model is intended to improve farmer price realisation, require adherence to global quality standards, and strengthen growers, processors and exporters. A separate HS Code for Makhana has taken effect under the Finance Bill, 2025, supporting product-specific trade classification.
    August 10, 2026
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    Startup ecosystem support expands through digital payments, cloud access, AI innovation, investment readiness, governance support and global market programmes.
    DPIIT has entered into strategic MoUs to support DPIIT-recognised startups through payment infrastructure, entrepreneurship development, cloud technology, mobility innovation, investment readiness and global-market access. Eligible startups may receive payment and cloud support, technical training, mentorship, startup formalisation assistance, market and investor connections, AI and mobility enablement, and programmes addressing governance, financial readiness, compliance and international expansion. The collaborations promote innovation across digital payments, clean energy, artificial intelligence, climate technology, advanced manufacturing, mobility and automotive technology.
    August 10, 2026
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    UPI transaction charges remain unavailable for consumers and person-to-person payments, while limited threshold-based merchant MDR may be considered.
    Proposed amendment of section 10A of the Payment and Settlement Systems Act, 2007 is intended to support UPI sustainability, technological advancement and resilience. Consumer payments and person-to-person transactions are to remain free. Any future merchant discount rate would apply only to limited merchant transactions above a threshold, at a nominal rate, while most merchant transactions remain free. The framework supports investment in cybersecurity, fraud prevention and infrastructure, alongside a self-sustaining and inclusive digital-payment ecosystem.
    August 10, 2026
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    Fair competition cooperation in renewable energy markets advances knowledge-sharing and evidence-based enforcement across interconnected digital and energy markets.
    BRICS competition authorities adopted a Joint Statement strengthening cooperation to promote fair competition, including in renewable energy markets. Cooperation focuses on dialogue, knowledge-sharing and consideration of cross-border competition challenges in digital markets, emerging technologies and the energy transition. Competition enforcement is to remain principled and evidence-based, supporting efficiency, consumer welfare, innovation and merit-based competition. A collaborative renewable-energy competition study identified evolving market dynamics and areas for future cooperation.
    August 10, 2026
    Show AI Summary
    Cost optimisation in public finance strengthens investment decisions, risk allocation, indigenous manufacturing and value-driven government expenditure through specialised financial expertise.
    ICoAS cost optimisation supports public financial management through prudent resource utilisation, financial oversight and improved cost management across government. Its role includes supporting indigenous manufacturing, better investment decisions, efficient public expenditure and maximum value for public spending. With greater private-sector participation and Public-Private Partnerships, ICoAS officers are expected to promote cost efficiency, appropriate risk allocation and sound project structuring. Capacity building emphasises integrity, financial modelling, data visualisation, analytical frameworks and artificial intelligence for improved public-finance management.
    August 9, 2026
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    Co-operative development financing would expand through direct assistance, share-capital participation and wider operational powers for sectoral support.
    National Cooperative Development Corporation (Amendment) Bill, 2026 proposes to broaden the Corporation's mandate to promote co-operative development. It would permit direct loans and grants to co-operative societies and other entities engaged in co-operative development, where funds are used for co-operative purposes. With Central Government approval, the Corporation could participate in the share capital of such entities. The proposals also expand the meaning of foodstuffs, remove geographical restrictions for industrial-goods assistance, and provide additional functional powers.
    August 9, 2026
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    GST compliance failures and electricity subsidy controls raise allegations of financial irregularities and potential losses to the public exchequer.
    Allegations based on a Comptroller and Auditor General report identified purported GST compliance failures involving outstanding tax liabilities, e-way bills generated after cancellation of GST registrations, limited bill scrutiny, non-compliance, and turnover mismatches. The allegations also concerned electricity subsidies extended to consumers with prolonged zero bills or apparent non-residence, presenting these issues as possible financial irregularities and losses to the public exchequer.
    August 9, 2026
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    Money-laundering prosecution complaints allege fund diversion through shell entities, credit-facility evergreening, layered transactions and fictitious project expenditure.
    Money-laundering prosecution complaints allege that funds from toll-road projects and credit facilities were diverted through group companies, contractors, shell entities and conduit accounts. In the toll-road matter, allegedly sham or back-dated subcontracting arrangements and subsequent documentation were used to portray transfers as genuine project expenditure. In the credit-facilities matter, fresh facilities were allegedly used to repay, rotate and evergreen earlier liabilities rather than for sanctioned end-use, with funds layered and presented as legitimate business expenditure or receipts. Attached assets are sought to be confiscated as alleged proceeds of crime.
    August 9, 2026
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    Direct Benefit Transfer pension disbursement replaces cooperative-bank doorstep delivery, while preserving home payments for beneficiaries unable to use bank accounts.
    Direct Benefit Transfer of social security and welfare pensions to Aadhaar-linked bank accounts is intended to replace cooperative-bank doorstep delivery, except for bedridden and similarly situated beneficiaries. The change addresses delays in remitting undistributed pensions, deficient record updates and reconciliation, duplicate payments, delivery incentives, and compliance with Direct Benefit Transfer norms. Criticism focuses on beneficiary access to linked commercial-bank accounts, possible minimum-balance deductions, exclusion of cooperative banks, and the effect on doorstep-delivery workers.
    August 8, 2026
    Show AI Summary
    Engineering business growth supported Raymond's first-quarter performance, with export expansion, capacity investment and net-debt-free financial flexibility.
    Raymond Limited reported unaudited first-quarter FY27 growth in total income, EBITDA and profit before tax before exceptional items, while remaining net-debt-free with a net cash surplus. Its Engineering business comprises Precision Technology & Auto Components and Aerospace & Defence. Growth in the former was attributed to export expansion, operating leverage, product mix and cost reductions. Aerospace & Defence growth was linked to production for global OEMs, portfolio expansion and increased capacity, although margins were affected by targeted research and development investment. Forward-looking statements remain subject to regulatory, political, economic and technological risks.
    August 8, 2026
    Show AI Summary
    Savings account selection requires comparison of effective interest, fees, digital service, access, and individual banking needs.
    Savings-account selection should compare effective interest returns under slab-based rates, recurring operating charges and the customer's actual banking needs. Net value depends not only on advertised rates but also on relevant minimum-balance, card, ATM, alert and transfer fees. Digital reliability, customer support, branch availability and ATM access should be assessed according to the customer's average balance, cash use, transfer frequency, travel patterns and need for in-person assistance. The suitable account is one that matches real banking behaviour.
    August 8, 2026
    Show AI Summary
    Urban cooperative bank regulation promotes licensing, governance, compliance support and cybersecurity measures to strengthen stability and depositor confidence.
    Urban cooperative banks are encouraged to recognise regulatory support through liberalised branch opening, doorstep banking, demand drafts, life certificates, dedicated regulatory coordination, enhanced gold-loan limits, one-time settlements and progress towards on-tap licensing. Sound governance is material to sectoral stability, while small-borrower lending is presented as a comparatively safe lending segment. The umbrella body can support member banks through technical expertise, compliance assistance, cybersecurity solutions and participation in a security operations centre to strengthen depositor confidence.
    August 8, 2026
    Show AI Summary
    Korean food export promotion combines buyer consultations, regulatory guidance and consumer experiences to support entry into Indian and South Asian markets.
    Korean food export promotion in India and South Asia combined business consultations with consumer-facing activities. Individual meetings connected Korean exporters with regional buyers and generated memoranda of understanding for products including frozen gimbap, ginseng wine and kombucha. Exporters received on-site guidance concerning non-tariff barriers, including food import customs clearance and certification requirements. Preparatory online sessions addressed import procedures, regulatory matters and consumer trends, while consumer events promoted Korean food through tasting, retail and experiential activities.
    August 8, 2026
    Show AI Summary
    Illegal immigration enforcement prioritises dismantling entry, documentation and employment networks while requiring citizens to report information through police channels.
    Illegal immigration enforcement involves continuous identification and verification operations, coordination with relevant officials, and confidential investigation of networks facilitating entry, identity documentation, accommodation and employment. Enquiries extend to intermediaries, contractors, Aadhaar procurement and verification practices, rather than focusing only on apprehended individuals. Citizen vigilantism, moral policing and social-media targeting of suspected migrants are discouraged because they may compromise investigations; information should instead be given through proper police channels.
    August 8, 2026
    Show AI Summary
    Technology, transparency and governance strengthen urban cooperative banks through modern customer services, depositor protection and cooperative-sector support.
    Technology adoption, transparency, sound governance and modern customer services are identified as necessary for urban cooperative banks to remain competitive. Banks are encouraged to join the sector's umbrella organisation and self-regulatory body, which provides capital, information-technology infrastructure and liquidity support. Protection of depositors' money remains a regulatory responsibility, while banks are expected to improve governance, train staff, adopt technology and enhance customer-centric services. Customer prosperity and reduced perception gaps between the central bank and urban cooperative banks are emphasised as measures to strengthen the sector.
    August 8, 2026
    Show AI Summary
    Authorised Dealer Category-II licensing expands permissible FEMA current account and foreign trade transaction services for cross-border payment customers.
    An Authorised Dealer Category-II approval under the Foreign Exchange Management (Authorised Persons) Regulations, 2026 enables Paul Merchants to undertake additional permissible non-trade current account transactions under FEMA, excluding gifts and donations, and foreign trade transactions within the applicable per-transaction limit. The approval supports foreign exchange and cross-border payment services, including overseas remittances for education, medical treatment, travel, and conference or event participation.
    August 8, 2026
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    Integrated investor claim portal modernisation advances digital KYC, streamlined verification, stakeholder-informed safeguards, and efficient investor claim settlement services.
    Integrated IEPFA Portal 2.0 is proposed to modernise investor claim processing through digital KYC, pre-filled Form IEPF-5, entitlement search, and a simplified e-Verification Report filing workflow. Stakeholder feedback included Aadhaar eKYC address validation, KYC for authorised representatives, entitlement-letter validation checks, bulk DSC and eSign functionality, integration of approved IEPF Form-4 data, lower-value share valuation using NSE and BSE data, and alerts for frequent address changes to prevent fraud.
    August 7, 2026
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    Foreign capital inflows supported the rupee despite geopolitical uncertainty, oil-price pressures, and volatile global market sentiment.
    Foreign capital inflows supported a marginal strengthening of the rupee against the US dollar despite global risk aversion arising from uncertainty surrounding negotiations affecting the Strait of Hormuz. Higher crude oil prices and weak domestic equity sentiment remained relevant pressures. Near-term currency movement was expected to depend on developments in the negotiations, weekend decisions, US employment data, the dollar index, crude oil prices, and the reported increase in foreign exchange reserves.

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      Chandigarh University Lucknow Hosts first of its kind AI Higher Education Summit 2025

      January 18, 2025

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      Industry Experts say Chandigarh University Lucknow is taking lead in Skilling and Preparing the Gen-Next AI Workforce LUCKNOW, India, Jan. 18, 2025 /PRNewswire/ -- In line with the Union government's focus on Artificial Intelligence (AI) through the ambitious IndiaAI Mission, Chandigarh University Lucknow hosted the first-ever AI Summit in Uttar Pradesh titled 'AI Higher Education Summit 2025,' on Friday. With the theme 'From Classroom to Cloud: Pioneering the AI Future', the Summit brought together a wide array of stakeholders—including policymakers, global AI experts, academic and industry leaders, AI innovators, educators, and students—to engage in thought-provoking discussions on the transformative role of AI in shaping the future of education and equipping the youth with essential skills for careers in the AI-driven world.

      While Uttar Pradesh Deputy Chief Minister Brajesh Pathak graced the AI Higher Education Summit 2025 as Chief Guest, the other dignitaries who attended the Summit included Member of Parliament (Rajya Sabha) and Chandigarh University Chancellor Satnam Singh Sandhu, Vivek Agrawal, Managing Director, Accenture India Pvt Ltd, MP Agrawal, GC Tripathi, Chairman, Higher Education Council, Uttar Pradesh and Chandigarh University Managing Director, Jai Inder Singh Sandhu.

      Besides industry experts including Lata Singh, Partner - Strategic Partners & Ecosystem, IBM Consulting, Suvarnanidhi Rao, Lead - Early Career Talent, Indian Sub-continent, Philips India, Pramod Kumar Jha, Senior Director HR Business Partner, LTIMindtree, principals of 200 schools, 30 colleges and officials from five universities of Uttar Pradesh attended the AI Summit.

      In his keynote address as Chief Guest, Uttar Pradesh Deputy Chief Minister Brajesh Pathak said, "Chandigarh University has achieved unprecedented progress in the field of education since its inception. The scope of education in India has been a topic of discussion all over the world from the beginning. Several hundred years ago, India was renowned all over the world for universities like Nalanda University. India has produced various educationists in different fields. India has also achieved unprecedented success in the scientific field. From space science to medical science and computer science, India has achieved unprecedented progress in every field under the leadership of Prime Minister Modi. If we assess all the nations on a world scale, then even in those countries which call themselves developed countries, it is the software engineers of India who are working to take forward the progress of that nation through some company. I am proud to say that under the guidance and leadership of PM Modi, India has achieved unprecedented progress in the field of computer science and software engineering. The big software companies of the world cannot complete themselves without Indian engineers." "Everyone's eyes are on India because India is also a big consumer market. Any product that becomes successful in India is considered successful all over the world and I have no hesitation in saying that Chandigarh University has been experimenting in various fields of higher education as well as society since its inception. I believe that if we use AI in a better way, that is, along with the human brain, then AI is a better option. I believe that we all have to prepare our children in such a way that they know about AI and what can be its better use. Honorable Prime Minister has given a lot of importance to this sector, investments are constantly coming in. Big corporate giants of the world believe that AI will achieve an unprecedented position in every field," he said.

      In his address, Member of Parliament (Rajya Sabha) and Chandigarh University Chancellor Satnam Singh Sandhu said, "Prime Minister Narendra Modi has put forth the mission of AI for All to make the country an AI hub. The Uttar Pradesh government has taken the initiative to fulfill it. Chief Minister Adityanath Yogi has decided to build an AI city in Lucknow. To fulfill it, Chandigarh University has launched its campus in Unnao near Lucknow. In the Chandigarh University Lucknow campus, we have started AI-augmented multi-disciplinary courses, which will make a valuable contribution to Uttar Pradesh. The UP government has decided to build the country's first AI city in Lucknow. In this regard, today we are organizing AI Summit-2025. AI program is necessary for our students in today's scenario. Whatever resources and workers are available to run it, we will all work together. We will work shoulder to shoulder with the people of Uttar Pradesh so that Prime Minister Shri Narendra Modi's mission of a developed India can be realized." "AI applications can bring changes in farmers, every class, youth and region and can change people's lives. That is why we have started multi-disciplinary courses in Chandigarh University Lucknow campus. We will leverage the immense potential of AI to ignite a spirit of ground-breaking innovation and facilitate holistic learning. Students studying here will be provided complete education about AI. Education of AI applications will be given and AI literacy will be done. We will also provide courses for people who are currently doing any job so that they can also get its benefit," Sandhu added.

      In his keynote address, Guest of Honor, GC Tripathi, Chairman, Higher Education Council, Uttar Pradesh and former Vice-Chancellor of Banaras Hindu University said, "We need expansion and extension of education. And for expansion of education, there is pressure on students and teachers. So to reduce this pressure and stress, we will have to find out alternatives and AI is the only alternative to reduce the stress of students as well as teachers because AI is a mechanism for copying the intellect of human beings. And in all the fields, we know expansion and extension of education is a necessary part. If we have to make India independent, free and sovereign, we will have to make India free independent and sovereign in the field of knowledge and education. We can do this with the help of AI system." In his keynote address, Guest of Honor, Vivek Agrawal, MD, Accenture Pvt. Ltd, said, "I truly feel that AI is the future of technology and it's very important that universities like Chandigarh University take lead in bringing up new set of curriculum to propagate the full AI technology and meet the industry demand which is on the high." Pramod Kumar Jha, Senior Director HR Business Partner, LTIMindtree, said, "If we talk about AI, it has potential to augment offerings of every services which Information technology (IT) and IT enabled services (ITeS) industry is offering to various customers across the globe. If you look at the statistics around the world, today's AI market is approximately US$400 Billion and it has potential to grow US$3000 by 2030." Earlier in his welcome speech, Chandigarh University Managing Director, Jai Inder Singh Sandhu said, "AI Higher Education Summit 2025 is being attended by renowned educationists and AI experts for taking part in sessions and panel discussions. Chandigarh University Lucknow is being placed as a multidisciplinary AI campus where AI will be at the core of all the disciplines. Chandigarh University Lucknow is working to bring top global Multi-Nationals Companies to collaborate with us to offer programs where students would be trained in AI Skills. This will make them industry ready. Many global and Indian companies have shared their future plans of big investments in AI in India. Already there are multiple areas such as Agriculture, Space Technology, Healthcare, Education where the applications of AI Technology are being used to offer the best user experience and find solutions that we face today in society." 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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