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    Colombian president asks Trump to suspend tariffs to help earthquake recovery
    Mission Samudra to be launched alongside Vizhinjam’s EXIM operations
    Europe emerges top destination for India's electric car shipments in Q1
    Govt sets LPG production targets for refiners; Reliance gets largest quota
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    PROVISIONAL ESTIMATES OF WHOLESALE PRICE INDEX, OUTPUT PRODUCER PRICE INDEX, AND TRIAL INPUT PRODUCER PRICE INDEX FOR THE MONTH OF JULY 2026, AND FINA...
    Logistics Data Bank Tracks 10 Crore EXIM Containers, Provides Visibility across Logistics Chain
    APEDA and Government of Tripura Organise International Organic Buyer-Seller Meet to Expand Global Market Linkages
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    August 16, 2026
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    Temporary tariff suspension for earthquake recovery is sought to ease pressure on affected Colombian businesses.
    Temporary suspension of high tariffs on Colombian products has been sought to support business recovery following a severe earthquake declared a natural disaster. The request links tariff relief to economic disruption affecting businesses amid extensive destruction, injuries and missing persons. United States emergency assistance has been provided through food, shelter and health supplies, while no response to the tariff-suspension request had been reported.
    August 16, 2026
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    Port-led industrial development and direct export operations aim to expand logistics infrastructure, market access and trade connectivity.
    Mission Samudra is proposed as a port-led industrial and logistics development programme linked to the commencement of export-import operations at Vizhinjam seaport. It covers industrial clusters, new cities, port connectivity, logistics, development initiatives, programme management and capacity building. Direct export shipments are intended to improve overseas-market access and reduce transit time and logistics costs, particularly for small and medium enterprises. The framework also anticipates growth in warehousing, cold storage, container freight stations and logistics parks, supported by private participation and road and rail connectivity.
    August 16, 2026
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    Electric vehicle export diversification strengthens India's presence across European, Asia-Pacific and Latin American markets through expanding overseas demand.
    India's electric motor car exports expanded sharply in the first quarter of 2026-27, reflecting increased international acceptance and competitiveness of India-manufactured electric vehicles. Europe became the principal export destination, led by Spain and the United Kingdom, with further demand across several European markets. Exports also reached Asia-Pacific markets, Nepal and emerging Latin American destinations. This wider market presence reflects improving quality and safety standards, stronger integration into global electric-vehicle supply chains, and diversification of India's electric-vehicle export profile.
    August 16, 2026
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    LPG production preparedness requires refiners and upstream producers to maintain capacity and increase output during supply constraints.
    Government has established a standing LPG production preparedness framework under which refining companies, oil marketing companies and upstream producers may be directed to increase production during supply constraints. Companies must maintain adequate LPG storage, evacuation and transportation infrastructure and pursue technically and economically feasible production-enhancing measures. Written directions may prescribe production quantities and periods, including restrictions on alternative uses of input streams required for LPG. The production schedule is updated twice yearly to reflect new facilities and added capacity from infrastructure, technology and distribution improvements.
    August 16, 2026
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    Free trade agreement market access requires MSMEs, farmers and exporters to meet global quality standards.
    Free trade agreements expand market-access opportunities for Indian MSMEs, exporters and producers through reduced or eliminated import duties on traded goods. Textiles, machinery, medicines, seafood and agricultural products can access international markets where they meet global standards and remain competitively priced. Farmers and producers are encouraged to develop export-oriented products, including chemical-free agricultural produce, while MSMEs may use preferential trade access to support manufacturing, exports, employment and growth.
    August 15, 2026
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    Chemical-free farming can strengthen agricultural exports by meeting global standards and responding to rising international demand.
    Chemical-free farming is urged to meet growing global demand and expand agricultural exports. Agricultural products must meet global parameters to facilitate access to international markets, including markets opened through free trade agreements. Food processing, export-oriented farm production, and global branding of traditional cuisine, millets, spices, fruits and flowers are identified as important elements of agriculture and food production policy.
    August 15, 2026
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    Voluntary foreign asset disclosure allows eligible taxpayers to regularise overseas holdings with immunity from further tax, penalties and prosecution.
    FAST-DS permits eligible taxpayers to disclose specified undisclosed foreign assets, foreign income, and foreign assets omitted from return schedules. Undisclosed assets or income not previously offered to tax may be declared up to Rs 1 crore on payment of an effective 60 per cent levy, based on fair market value as of 31 March 2026. Assets already offered to tax, or acquired during non-resident status but omitted from the return schedule, may be declared up to Rs 5 crore on payment of a fee. Valid declarations provide immunity from further tax, penalty and prosecution, while declared amounts are excluded from total income.
    August 15, 2026
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    Global pharmaceutical leadership is urged through Indian firms achieving top-five status, supported by generic manufacturing and export capacity.
    Indian pharmaceutical companies are urged to attain representation among the world's five leading pharmaceutical firms, despite India's established position as a major producer of generic medicines. India has a broad manufacturing base, supplies generic medicines across numerous therapeutic categories, and exports to worldwide markets including highly regulated jurisdictions. Although pharmaceutical exports and the domestic market have expanded, Indian firms have not yet secured positions among the largest global companies. Greater international scale may be supported through acquisitions and expanded established-brand and branded-generic operations.
    August 15, 2026
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    Foreign asset voluntary disclosure permits eligible small taxpayers to regularise qualifying assets through tax, additional levy, and statutory immunity.
    FAST-DS permits eligible small taxpayers to voluntarily disclose specified foreign assets or foreign income. It covers undisclosed foreign assets or income not offered to tax, subject to an aggregate value threshold of Rs 1 crore, and certain foreign assets omitted from the relevant return schedule, subject to a Rs 5 crore threshold and prescribed fee. Payment comprises 30 per cent tax and an additional equal amount. Disclosed income or investment is excluded from total income, with immunity from further tax, penalty and prosecution under the Black Money Act for the disclosed asset or income.
    August 15, 2026
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    Free trade agreement opportunities require MSMEs to meet global standards and expand exports across textiles, machinery, medicines and seafood.
    Free trade agreements are presented as export-market opportunities for Indian MSMEs because they reduce or eliminate import duties on a substantial range of traded goods. MSMEs are urged to expand exports of textiles, machinery, medicines and seafood, including shrimp, by meeting global quality standards and offering products competitively. Their export role is linked to self-reliance and their significant contribution to manufacturing, exports, GDP and employment.
    August 15, 2026
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    Windfall gains tax on petroleum exports was reduced to support domestic fuel availability and limit export price advantages.
    Special additional excise duty (windfall gains tax) on exports of petrol, diesel and aviation turbine fuel was reduced from 15 August 2026. Petrol export duty was reduced to nil, and export-duty rates on diesel and ATF were lowered. Duty rates for petrol and diesel cleared for domestic consumption remained unchanged. The export-duty framework seeks to maintain domestic petroleum-product availability and limit export advantages arising from higher global crude oil prices amid West Asia tensions.
    August 15, 2026
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    Energy self-reliance drives diversified fuel sourcing, expanded offshore exploration, and domestic capacity to reduce geopolitical supply vulnerability.
    Energy security policy seeks to reduce exposure to geopolitical pressure and supply disruption caused by dependence on overseas fuel and strategic maritime routes. India is diversifying crude oil and LNG sourcing while strengthening domestic hydrocarbon production through offshore exploration, seismic surveys, exploratory drilling and shared infrastructure. Expanded access to sedimentary basins is intended to unlock domestic oil and gas resources. Wider piped natural gas coverage, solar generation, critical-mineral exploration, and nuclear and other non-fossil energy sources support the broader objective of energy self-reliance.
    August 14, 2026
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    Current account deficit widened as merchandise trade imbalance expanded, despite stronger services surplus, transfers, and positive capital inflows.
    India's current account deficit widened in June 2026, principally because merchandise imports increased faster than exports and expanded the merchandise trade deficit. A higher services surplus, increased net transfers and a narrower net income deficit provided partial offsets. Net capital inflows, including foreign direct investment and foreign portfolio investment, supported a positive overall monthly balance. During the April-June quarter, despite increased services surplus and net transfers, the overall balance shifted to a deficit as the merchandise trade deficit widened.
    August 14, 2026
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    Concessional foreign-currency swap facility closes early for new FCNR(B) deposits while ECB and OFCB access remains available.
    The concessional swap facility for FCNR(B) deposits encourages foreign-currency inflows and supports foreign-exchange liquidity. New FCNR(B) deposits eligible for the facility must be mobilised by 31 August 2026, while swaps for eligible deposits may be availed until 11 September 2026. The swap arrangement for External Commercial Borrowings and Overseas Foreign Currency Borrowings remains available until 31 December 2026.
    August 14, 2026
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    Insurance grievance redressal requires initial insurer complaint, prompt acknowledgement, and escalation through integrated monitoring channels when resolution remains unsatisfactory.
    Insurance policyholder grievances must first be raised with the concerned insurer, whose Grievance Redressal Officer and Board-level monitoring committee oversee redressal. Complaints received through digital channels, correspondence or call centres are recorded in the insurer's Complaints Management System, integrated with Bima Bharosa. Insurers must acknowledge complaints immediately and resolve them within 14 days. Where no response is received within a reasonable period or the response is unsatisfactory, policyholders may escalate through Bima Bharosa or designated helplines, email or physical correspondence.
    August 14, 2026
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    Foreign exchange reserve growth reflects increases in foreign currency assets, gold holdings, special drawing rights, and IMF reserve position.
    India's foreign exchange reserves rose to USD 707.002 billion for the week ended 7 August 2026. The increase comprised higher foreign currency assets, gold reserves, special drawing rights and the reserve position with the IMF. Foreign currency asset valuation incorporates appreciation or depreciation of non-US currencies held in reserve assets. Measures including the FCNR(B) scheme were introduced to attract additional foreign exchange inflows.
    August 14, 2026
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    Wholesale and producer price indices show July inflation movements, provisional estimates, final revisions, and manufacturing input-price trends.
    Wholesale Price Index, Output Producer Price Index, and trial Input Producer Price Index estimates under the 2022-23 base-year series set out provisional July 2026 measures and final May 2026 revisions. All-commodities WPI stood at 110.0 in July 2026, with year-on-year inflation of 9.78 per cent. The all-commodities Output PPI was unchanged at 109.9, while the trial Input PPI for manufacturing was provisionally estimated at 105.9. Final May WPI, Output PPI and trial Input PPI measures were revised from their respective provisional estimates.
    August 14, 2026
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    Logistics data visibility enables EXIM container tracking, operational analytics and multimodal shipment monitoring across India's logistics chain.
    Logistics Data Bank provides near real-time visibility of India's EXIM container movement through technology-based tracking and stakeholder monitoring tools. RFID-based coverage extends across ports, terminals, inland logistics facilities, rail networks, industrial zones, borders and highways. The platform uses RFID, Internet of Things, Big Data and Cloud technologies, with analytics on dwell time, transit time, and port and terminal performance to identify logistics bottlenecks. LDB 2.0 adds high-seas tracking of export containers and multimodal shipment visibility.
    August 14, 2026
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    International organic buyer-seller linkages support Tripura producers through direct sourcing engagement, market access and sustainable export opportunities.
    International Organic Buyer-Seller Meet in Tripura created a direct platform for organic producers, Farmer Producer Organisations, exporters and international buyers to explore sourcing opportunities, market requirements and long-term commercial linkages. Organic and naturally produced goods, including Queen Pineapple, GI-tagged Kalikhasa Rice, organic ginger and turmeric, black sesame, jackfruit and scented lemon, were showcased through product displays and producer interactions. The initiative seeks to strengthen global market access, sourcing partnerships and income opportunities for organic farmers.
    August 14, 2026
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    Wholesale price inflation moderation was driven by softer fuel prices, while manufactured goods and primary articles recorded higher inflation.
    Wholesale price inflation moderated in July, led by a decline in fuel and power inflation and a marginal easing in food-article inflation. Inflation in manufactured products and primary articles increased, making the moderation uneven across groups. Mineral oils, food articles, basic metals, non-food articles, food products, and chemical products remained significant inflation drivers. The output Producer Price Index remained unchanged year-on-year, with lower manufacturing and mining inflation offset by higher agriculture and electricity producer-price inflation.

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      Chandigarh University's Tourism & Hospitality Management Students Secure Record-Breaking 834 Jobs in 2023-2024

      February 20, 2025

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      Top Hotel and Airline Brands Hire Chandigarh University's Students, Highest Salary Package Jumps from Rs. 10 LPA in 2023 to Rs. 21 LPA in 2024 Chandigarh University Leads the Way with Record-Breaking 327 Placements in Five Star Hotels, 205 in Airlines & 73 in Travel Companies CHANDIGARH, India, Feb. 20, 2025 /PRNewswire/ -- More than 834 students of Travel Tourism and Hotel Management at Chandigarh University got campus placements during 2023 and 2024. There has been a substantial jump of 38% in the number of job offers being given to students of Hospitality and Tourism Management in comparison to previous years.

      While 76 tourism and hospitality management students of Chandigarh University, which was ranked number 1 in India for excellence in Hospitality and Leisure Management as per QS World University Rankings by Subject 2024, received multiple job offers in past two years, the highest package offered to Chandigarh University students rose from Rs. 10 Lakh Per Annum (LPA) in 2023 to Rs. 21 LPA in 2024. The average salary package offered to Chandigarh University's Tourism and Hotel Management students in 2024 was Rs. 3.31 LPA.

      As many as 381 student of hotel management at Chandigarh University secured jobs in International & Indian Five Star hotels, Quick Service Restaurants and Retail Management companies in 2023 and 2024. Of these, 327 Chandigarh University students secured jobs in 18 Five Star Hotels including The Oberoi Bengaluru, Hilton Bangalore, Trident Gurgaon, The Oberoi Udaivilas, Udaipur, Radisson Jaipur City Centre, Marriot Gurgaon, Sheraton Hyderabad, Vivanta by Taj Surajkund, Taj Lake Palace Udaipur, Accor, Imperial Delhi, ITC Grand Chola, The Leela Palace Jaipur, Wildflower Hall Shimla, Pullman and Oberoi Sukhvilas in the past two years.

      As many as 310 students of Chandigarh University received internship offers from World's number 1 entertainment company, Walt Disney World at Florida in USA out of which 76 students from Travel Tourism and Hotel Management have completed internships till now and received job offers as well. The selected students have been offered three months' training during which they would be paid US$ 300 per week as the training stipend and in addition the company would be looking after their boarding and lodging at Disneyland.

      When it comes to aviation, travel and tourism sectors, 391 students of Chandigarh University secured jobs in 22 international and national airlines and travel companies in 2023 and 2024 with the highest package of Rs. 7 LPA.

      In the aviation sector, Chandigarh University students were offered 205 jobs by 16 Airlines in the past two years. In 2024, of the 95 jobs offered by Airlines to CU students, 10 were offered by seven internarial airlines including Lufthansa Airways, British Airways, Air France, Qatar Airways, Kuwait Airways, Virgin Atlantic and Oman Airways. The domestic airlines which offered jobs to Chandigarh University students included Indigo, Go Air, Spice Jet and Air India.

      In Tour and Travel Management, 73 students of Chandigarh University secured jobs in 2023 and 2024. In 2024, of the 12 Tour and Travel Management companies which made top offers included Thomas Cook India, Pickyourtrail, Zenith Leisure Holidays, EaseMyTrip.com, TBO.COM, SITA, Sonalika, Bout, Satguru Travels, Akbar Travel and SOTC.

      Congratulating Tourism and Hospitality Management students for securing positions in top national and international brands in the industry, Member of Parliament (Rajya Sabha) and Chandigarh University Chancellor Satnam Singh Sandhu said the University Institute of Tourism and Hospitality Management (UITHM) at Chandigarh University is India's best hospitality institute.

      "We not only send our students for internship right from 5th Semester and all our students get jobs in the industry by the end of the 6th Semester. This way, we provide 100% placement provided to all the students before the completion of the degree during internship and on the job training," he said.

      "Our offer world class curriculum which has been designed after taking the required inputs from Industry experts, students, alumni and other stakeholders. Chandigarh University students benefit from a dynamic academic environment led by a team of seasoned faculty with a wealth of expertise both in academia and industry. This rich blend equips Chandigarh University students with the essential skills and knowledge needed to excel in their professional careers. Our commitment to delivering top-tier education and opportunities is further strengthened by the strong support and partnerships we have cultivated within the tourism, hospitality, and aviation industries," he added.

      He further said, "We enhance professional portfolio of our students with industry-aligned programs, cutting-edge infrastructure, exceptional placements, and more. Our innovative teaching methods prioritize experiential learning, equipping students with hands-on experience using licensed hotel software like Opera PMS, preparing them for successful careers in hotel management. Additionally, we offer demo training on Galileo software, used in the travel and tourism industry for booking flights, hotels, car rentals, and more." While 123 students secured jobs at the Front Office Department of the Five Star Hotels, 174 students got jobs in the Food Production Department, 55 students were placed in the Food and Beverage department and 29 in the Housekeeping Department of Five Star Hotels in the past two years. Quick Service Restaurants as well as Retail Management companies including Jubilant and Delhi Duty Free offered 54 jobs to CU students in the past two years.

      Highlights of Tourism and Hospitality Management Placements in 2023 & 2024 • In 2023 -24, 834 students of Tourism and Hotel Management programs secured jobs in top companies.

      • 76 Chandigarh University students received multiple job offers Tourism and Hospitality Management.

      • The highest salary package offered to Chandigarh University students doubled from Rs. 10 LPA in 2023 to Rs. 21 LPA in 2024.

      • And 381 students secured jobs in prestigious Five-Star Hotels such as The Oberoi, Hilton, Taj, and Marriot.

      • 205 positions were offered by 16 Airlines, including international airlines like Lufthansa and British Airways.

      • 73 students secured jobs in leading travel companies, including Thomas Cook and EaseMyTrip.

      • UITHM- Chandigarh University's Hotel and Tourism Management institution ranks No. 1 in India for Hospitality and Leisure Management by QS World Subject Rankings 2024.

      • 310 students have bagged internship offers from Walt Disney Florida, USA.

      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 fields 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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