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    UCO Bank launches IFSC Banking Unit at GIFT City
    Banking sector has key role to play as India on way to become 3rd largest economy: Gujarat CM
    India's exports to US rise 12.85 pc in Jul; shipments to China jump 64.57 pc: Govt data
    50 tonnes of copper without e-way bills seized by Delhi GST, Railways joint team
    India's exports surge 19.6 pc in Jul; trade deficit widens to six-month high
    CBI ARRESTS CGST SUPERINTENDENT IN BRIBERY CASE
    The cumulative exports (merchandise & services) during April-July 2026-27 is estimated at US$ 316.42 Billion, as compared to US$ 279.63 Billion in Apr...
    Unlimit Mobile Ties Up with ICICI Bank Canada, RBC Royal Bank to Add Mobile Connectivity Benefits to Student GIC Journey
    Standard Chartered Accelerates India's GCC Growth with its Global Banking Expertise and 25 Years of GCC Experience
    IFSCA Grants Nexent Capital GIFT City Investment Banking License
    India's exports rise 19.63 pc to USD 44.24 bn in Jul; trade deficit widens to $31.98 bn
    Vizhinjam port to commence EXIM operations from Aug 18: Kerala CM Satheesan
    Ratul Puri: Beyond Low-Cost Power to Clean Energy Reliability
    PMS Bazaar Collaborates with NSDL Database Management Limited (NDML Accreditation Agency) to Expand Access to SEBI Accredited Investor Certification
    Compounded annual growth rate of Manufacturing GVA at constant prices (2022-23 base) as per revised series during 2022-23 to 2025-26 is 10.88%
    National Company Law Tribunal (NCLT) Launches e-Inspection and e-Certified Copy Services
    The Government of India to launch the Central Bank Digital Currency (CBDC)-based Direct Benefit Transfer (DBT) in the Union Territories of Chandigarh ...
    India and the Southern African Customs Union (SACU) sign Terms of Reference (ToR) for negotiations towards a Preferential Trade Agreement
    Airtel ends all prepaid mobile plans offering 1.5 GB data per day with unlimited calls
    ED arrests IBC resolution professional
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    August 13, 2026
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    International banking unit expands cross-border financing, trade finance and foreign-currency service access through GIFT City operations.
    UCO Bank has launched an International Financial Services Centre Banking Unit at GIFT City to provide permitted international banking services. The unit offers trade finance, external commercial borrowings, foreign-currency loans, loan syndication, treasury services and other permitted financial services. It serves Indian corporates, exporters, importers, financial institutions, overseas businesses and other eligible customers requiring cross-border financing and access to global financial markets. FCNR(B) deposits are also offered through the unit.
    August 13, 2026
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    Last-mile credit access is prioritised through timely lending, wider beneficiary coverage, digital support and stronger fraud vigilance.
    Banking-sector participation is emphasised through last-mile credit access for MSMEs, women entrepreneurs, rural artisans, small farmers and other underserved beneficiaries. Banks are urged to expedite government-scheme applications, maximise coverage and use technology for timely financial support. Industrial-policy assistance and incentives cover startups, SC/ST entrepreneurs, persons with disabilities and first-generation entrepreneurs. Greater coordination, expanded village banking access, and vigilance against cyber fraud and mule accounts are also prioritised.
    August 13, 2026
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    Merchandise trade growth saw rising exports to major markets alongside increased imports and continuing United States trade-pact negotiations.
    India's merchandise trade data records increased July exports to the United States and China, alongside growth in imports from both markets. Exports to Singapore, the United Arab Emirates, the Netherlands, Germany, South Africa, Tanzania, Australia, Malaysia, Sri Lanka, Italy and Vietnam showed positive growth, while July exports declined for the United Kingdom, Bangladesh, Saudi Arabia and Nepal. Imports also increased from Russia, Korea, Singapore, Germany, Oman, Malaysia, Taiwan and Brazil. India and the United States are negotiating a trade pact amid an additional United States tariff on India.
    August 13, 2026
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    GST transport documentation enforcement addresses freight movement of metals without valid e-way bills and invoices under applicable rules.
    GST enforcement action led to the seizure of copper and aluminium ingots transported by freight train without valid e-way bills and invoices. The metals were found in three train wagons during inspection of parcel cargo. Further proceedings are to be undertaken under applicable GST rules concerning movement of goods without prescribed transport documentation.
    August 13, 2026
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    Merchandise trade deficit widens as import growth outpaces exports despite strong petroleum, electronics and engineering shipments.
    Merchandise trade in July 2026 saw exports rise 19.63 per cent and imports increase 17.52 per cent, widening the trade deficit to a six-month high. Petroleum products, electronics, engineering goods and marine goods supported export growth, while crude oil and several commodity and capital-goods categories increased imports. During April-July 2026-27, faster import growth widened the cumulative merchandise trade deficit compared with the corresponding prior-year period.
    August 13, 2026
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    Bribery allegations in GST enforcement prompted arrest after alleged payment demand to avoid a tax-liability notice.
    Bribery allegations involving GST enforcement led to the arrest of a CGST Superintendent after a complaint alleged that payment was demanded from a private company to avoid issuance of a tax-liability demand notice and to close the matter. A trap operation resulted in the public servant being apprehended while allegedly accepting part of the demanded bribe, and the amount accepted was recovered. Searches were undertaken, and investigation remained ongoing.
    August 13, 2026
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    Trade performance shows rising merchandise and services exports, but faster import growth expands the overall trade deficit.
    India's combined merchandise and services exports and imports increased in July 2026 and April-July 2026-27, while the overall trade deficit widened. Cumulative exports were estimated at US$ 316.42 billion and imports at US$ 365.85 billion, resulting in a trade deficit of US$ 49.43 billion. Merchandise exports, non-petroleum exports, and exports excluding petroleum and gems and jewellery grew, led by petroleum products, electronic goods, engineering goods and chemicals. Services trade recorded a cumulative surplus of US$ 69.17 billion.
    August 13, 2026
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    Student GIC referral programmes integrate connectivity credits with funding verification and post-arrival banking arrangements for eligible international students.
    Referral arrangements connect mobile connectivity benefits with the Student Guaranteed Investment Certificate application journey. Applicants may access an online portal through a referral link, submit documents, complete know-your-customer verification, and fund the GIC from permitted Indian bank accounts in no more than two transactions. After arrival, students may activate the GIC account and open a linked bank account for receipt of GIC transfers. Eligible verified applicants receive non-cash mobile credits usable only against mobile bills, subject to a cap on the bill portion payable through credits.
    August 13, 2026
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    Global Capability Centre banking support connects offshore and onshore operations to simplify financial management and enable cross-border expansion.
    Global Capability Centre banking support is positioned around connected offshore and onshore banking, international network access, digital banking platforms, and expertise in treasury centres, cross-border corporates, and evolving GCC operating models. The approach seeks to simplify financial operations and support GCC expansion across global markets. India's GCC ecosystem is characterised as a leading global capability hub, with capability centres evolving into strategic enterprise hubs requiring support for operational and financial complexities across markets.
    August 13, 2026
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    Investment banking registration enables regulated cross-border offerings, listings, debt transactions and capital-market advisory through GIFT City.
    IFSCA registration under the IFSCA (Capital Market Intermediaries) Regulations, 2025 authorises Nexent Capital IFSC Private Limited to operate as an investment banker from GIFT City. Permitted activities include management of initial and follow-on public offerings, SPAC and secondary listings, depository receipt issuances, debt capital-market transactions, and other capital-market advisory mandates. The firm proposes to provide transaction structuring, listing-readiness, execution and post-listing capital-markets support for companies seeking capital raising and listing opportunities through GIFT City's exchanges.
    August 13, 2026
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    Merchandise export growth was driven by petroleum, electronics, engineering and marine goods, while rising imports widened the trade deficit.
    India's merchandise exports increased in July, while imports also rose and widened the trade deficit. Export growth was attributed to higher overseas shipments of petroleum products, electronics, engineering goods and marine goods. Exports and imports both recorded growth during the April-July fiscal period, and exports to West Asian countries increased in July.
    August 13, 2026
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    EXIM operations at international seaport to commence after customs clearance, bonded-area establishment, and temporary highway connectivity.
    Vizhinjam International Seaport is scheduled to commence EXIM operations after Customs clearance, issuance of Customs notifications, establishment of a Customs-bonded area, and temporary connectivity to NH-66. The port had previously handled transshipment operations. A proposed transfer of a stake in the port concessionaire to a foreign shipping company remains under committee examination and requires Central Government consideration of strategic and security aspects.
    August 13, 2026
    Show AI Summary
    Renewable energy reliability requires storage, grid readiness and ancillary service markets alongside competitive clean-power procurement.
    Renewable energy procurement is shifting beyond lowest tariffs towards dependable, dispatchable and affordable clean power, assessed through capacity value, balancing capability and system economics. Storage-backed renewable and hybrid projects can improve renewable utilisation, reduce variability and curtailment, and support peak demand. Higher renewable penetration also requires supportive storage policies, timely approvals, aligned intrastate transmission planning, stronger distribution infrastructure, and market mechanisms for ramping reserves, frequency response and fast-response balancing services.
    August 13, 2026
    Show AI Summary
    Accredited Investor certification facilitates eligible investors' access to alternative investment products, lower thresholds and applicable regulatory flexibilities.
    SEBI's Accredited Investor framework enables eligible investors and entities to obtain certification that may allow lower minimum investment thresholds for Portfolio Management Services, Alternative Investment Funds and other alternative investment products, along with applicable regulatory flexibilities. PMS Bazaar and NSDL Database Management Limited's Accreditation Agency facilitate end-to-end applications, subject to required documentation and prescribed payment. Assistance is available to individual investors and eligible clients of investment providers without additional platform, service or processing charges, while prescribed certification fees remain payable.
    August 13, 2026
    Show AI Summary
    Manufacturing GVA growth under the revised national accounts series highlights stable sectoral contribution and resilience-focused industrial measures.
    Manufacturing performance is assessed under the revised National Accounts Statistics series using 2022-23 as the base year. Manufacturing's share of total Gross Value Added at current prices remained broadly stable through 2025-26, and Manufacturing GVA at constant prices achieved a compounded annual growth rate of 10.88% from 2022-23 to 2025-26. Production Linked Incentive schemes, logistics and industrial-corridor measures, semiconductor initiatives, and MSME support seek to strengthen domestic manufacturing, diversify supply chains, reduce import dependence, and improve resilience.
    August 13, 2026
    Show AI Summary
    Electronic inspection and certified copies expand digital access to judicial records while supporting efficient case management and reduced delays.
    NCLT has launched e-Inspection and e-Certified Copy Services for faster and more convenient access to judicial records and certified copies by advocates, litigants and other stakeholders. The services support a technology-enabled Registry framework and transparent, efficient justice delivery. Pendency monitoring, workload redistribution, Special Benches, maximisation of court time, and registration and listing guidelines are intended to improve case management, optimise limited judicial resources and reduce avoidable delays.
    August 13, 2026
    Show AI Summary
    CBDC-based food subsidy transfers enable eligible beneficiaries to use Digital Rupee wallet credits for traceable foodgrain purchases.
    CBDC-based Direct Benefit Transfer under the Pradhan Mantri Garib Kalyan Anna Yojana will credit eligible beneficiaries' food subsidies as programmable Digital Rupee tokens directly into CBDC wallets. Beneficiaries may use these credits to purchase foodgrains from empanelled merchants through secure, real-time and traceable payments, replacing conventional bank-account transfers. The model is intended to improve traceability, reduce leakages and cash handling, enable real-time monitoring of subsidy use, and provide a scalable framework for CBDC integration with welfare schemes.
    August 13, 2026
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    Preferential trade agreement negotiations begin under agreed terms covering market access, origin rules, trade remedies and dispute settlement.
    India and the Southern African Customs Union have signed Terms of Reference to commence negotiations for a Preferential Trade Agreement. Negotiations are envisaged on trade in goods and market access, rules of origin, customs procedures and trade facilitation, trade remedies including bilateral safeguards, sanitary and phytosanitary measures, technical barriers to trade, dispute settlement, and legal and horizontal provisions. The Terms of Reference establish the negotiating framework only; preferential tariff treatment and other operative commitments depend on conclusion of a final agreement.
    August 12, 2026
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    Prepaid plan restructuring eliminates mid-tier daily-data options and channels subscribers toward higher-priced plans with expanded data access.
    Bharti Airtel has discontinued prepaid plans combining 1.5 GB daily data allowances with unlimited calling, directing subscribers towards higher-priced plans with expanded data access, including unlimited 5G data. The restructuring reduces low-priced unlimited-data offerings and changes the pricing architecture for customers using discontinued mid-tier plans. Management links tariff repair to differentiated mobile-plan categories and sustained average revenue per user growth.
    August 12, 2026
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    Insolvency professional conduct faces money-laundering allegations over re-admitted claims, creditor committee changes, and a connected resolution applicant.
    Enforcement action under the Prevention of Money Laundering Act concerns allegations that an insolvency professional re-admitted claims earlier rejected as spurious and fraudulent during the Corporate Insolvency Resolution Process. The alleged re-admission altered the Committee of Creditors' composition and facilitated consideration of a resolution plan allegedly submitted for, and funded through an entity controlled by, a company promoter under investigation for diversion of bank-loan funds. Adverse findings reportedly included acting beyond authority by relying on fabricated and improperly submitted material.

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      NATIONAL CONVENTION ON WOMEN IN INDIA: TOWARDS EQUALITY, EMANCIPATION & EMPOWERMENT

      March 8, 2025

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      Sonipat, 8 March, 2025: To mark the International Women’s Day (IWD 2025) O.P. Jindal Global University will host a three-day National Convention on Women in India titled Towards Equality, Emancipation, and Empowerment, at its campus in Sonipat from 8-10 March, 2025. The Convention will bring together diverse and distinguished voices on women and gender spanning across fields of academia, industry, civil society, public administration, media, arts, and literature.

      In her Keynote Address, the Guest of Honour Hon’ble Ms. Justice Ranjana P. Desai, Former Judge, Supreme Court of India, and Chairperson, Press Council of India said, “It is the duty of every citizen of India to renounce practices derogatory to the dignity of women. Supreme Court, I can say that I was a part of that institution once, there are several judgments which have brought this women's right to equality, in effect, judgments that women and then there are several legislations like women's right to equality. So, there is a robust legal favour which can help women receive enforcement of their right to equality. We can't deny that women in India were victims of these restrictions imposed by society. These restrictions were the outcome of long cultural interpretation. Earlier, women have been vulnerable and dependent on men. A lack of education further increased their dependence. Today we have women in all spheres: as judges and lawyers, entrepreneurs, Chief Ministers, soon the first Indian female Supreme Court Chief Justice, and even astronauts! We have had women Prime Ministers across all South Asian Countries. But we have to make sure that our sisters in the villages and rural areas are not left behind and it is our duty to ensure that they also get access.” The Inaugural Address was delivered by Ms. Shallu Jindal, Chairperson, Jindal Foundation at the Inaugural Session on the theme “Equality, Emancipation and Empowerment”, who stated that, “We must recognize and celebrate the immense contributions of women to our nation's history, economy and society that has enabled us to visualize a world of equality, emancipation and empowerment. The freedom struggle was not just a fight for independence from colonial rule. It was also a fight for the recognition of women's voices in shaping the nation leaders and that women are equal partners in nation building. The legacy of Indian women freedom fighters lives on in every young girl who dares to dream, in every woman who challenges societal norms, and in every entrepreneur who wants to build a future of possibilities. Equality, empowerment and emancipation are not just ideas, but realities for every woman in India, we must also acknowledge the pioneering women who contributed to the drafting of the Indian constitution. In today's India, women are leading corporations, serving in senior governance roles, driving innovation, arguing before the various courts of law and revolutionizing social change. The rise of women in STEM business, sports, law, policy, making and arts is a testament to the changing landscape of our country. However, all is not achieved, and challenges persist. Women's labour force participation remains far below its actual potential. Gender gaps in wages and discrimination in leadership recruitment still exist. Women cannot be treated merely as placeholders to satisfy diversity and inclusivity quotas. We need to be the builders of inclusive spaces where doors are open to for women who want to pursue their professional goals along with their personal lives.” Guest of Honour Professor Christiana Ochoa, Dean and Herman B Wells Endowed Professor, Maurer School of Law, Indiana University, in her special address said, “The expansion of access to education, the growing participation of women in public life, and the evolution of economic opportunities have fundamentally reshaped the status of women in societies around the world. In the United States, the increase in women's access to higher education over the last century is directly tied to their rise in leadership positions across politics, business and civil society. According to the World Bank, every additional year of education for a girl increases her future earnings by up to 20% women with extra degrees earn 74% more over their lifetime compared to those with only a high school diploma. the percentage of women in senior management roles in India has reached 36% surpassing the global average, 32% Indian women entrepreneurs are now are now leading start-ups, bringing barriers in traditionally male dominated industries and contributing to India's status as a rapidly growing economy. The parallel between our two countries illustrates a broader truth. When women gain access to education, they become change makers in politics, business and society, whether the United States, India or elsewhere in the world, education serves as the foundation upon which equality, emancipation and empowerment are built.

      The Founding Vice Chancellor of O.P. Jindal Global University, Prof. (Dr.) C. Raj Kumar highlighted the importance of gender equality and said, “Officially recognized by the United Nations in 1977, International Women's Day has a new global context and resonance in both the developed and emerging economies. The growing international women's movement, which has been strengthened by four global United Nations women's conferences, has helped make the commemoration a rallying point to build support for women's rights and participation in the political and economic arenas. India, too has major strides in ensuring equity, equality, access, economic and social justice for women. Gender-based discrimination is widespread in areas such as home, workplace, education, healthcare, and political decision-making, among others. As the world gets progressively entangled in geopolitical crises, power imbalances, grave human rights violations and climate change, the greatest solution to mankind is to invest in the empowerment and emancipation of women. In fact, the UN Report on ‘Progress of Sustainable Development Goals 2023’ states that “A continued failure to prioritize SDG 5 (Gender Equality) will put the entire 2030 Agenda for Sustainable Development in peril.” The Global Gender Gap Report 2024 reveals that it will take 134 years to reach full gender parity - which is roughly five generations beyond the 2030 Agenda target.” The National Convention on Women in India: Towards Equality, Emancipation and Empowerment is being organized with the spirit of bringing together a multitude of voices, experiences, and insights to create a platform that can be a catalyst for driving meaningful change. In view of the theme for IWD 2025, “Accelerate Action”, the National Convention will reflect on the journey so far in gender justice and forge pathways for the work that remains to be done. The Convention will not only explore and examine the systemic and structural challenges that women face but will focus on seeking concrete and actionable solutions for mitigating these challenges. It is imperative that we take urgent and immediate measures to dismantle structures that perpetuate gender inequality and build systems that are inclusive, supportive, and equitable. This is a mission that requires combined efforts, solidarities and coalitions bringing together diverse voices and perspectives. Solidarity and intersectional approaches are critical to fostering meaningful change and addressing the needs of gender-diverse individuals whose experiences often remain on the margins of mainstream discourse.

      Towards this end, politicians and democratic representatives, leading female experts, media personalities, lawyers and legal luminaries and many more will congregate at JGU over panel discussions, fireside chats and keynote addresses.

      These include a deep discourse on politics and governance with Members of Parliament from Rajya Sabha Ms. Priyanka Chaturvedi, Dr. Fauzia Khan, Ms. Rekha Sharma with Dr. Sasmit Patra. A session on Gender Equality in Entrepreneurship will include Ms. Benu Sehgal, Chief Operating Officer Splendor Lifestyle Products; Ms. Shruti Swaroop, Chief Executive Officer, International Inclusion Alliance; and Ms. Gauri Vatsa, Honorary Trade Commissioner, India Africa Trade Council.

      Ms. Yashasvini Jindal, Advisor, JSP Group Advisory Services Pvt. Ltd. and Member, Governing Council, O.P. Jindal Global University will present her views on the theme Forging the Future: Women, Leadership, and Legacy in a Changing World.

      To discuss and demonstrate the impact of education, a session titled Empowering through Education: Challenges, Best Practices and the Way Forward will include Mrs. Pia Singh, Director, Board of DLF Limited and Chairperson, DLF CSR Committee; Ms. Manvinder Kaur, Principal, Presidium School; Ms. Rekha Krishnan, Principal, Vasant Valley School; Mr. B. Mahender Reddy, Chief Executive Officer, Sancta Maria, International School. To address the urban and rural divide in India, a special session will be held with Anganwadi workers too.

      In the session on higher education and role of women, Dr. Madhu Chitkara, Pro-Chancellor, Chitkara University; Dr. Syeda Hameed, Former Member, Planning Commission of India; Prof. (Dr.) Ananya Mukherjee, Vice Chancellor, Shiv Nadar University; Prof. (Dr.) Bijayalaxmi Nanda, Principal, Miranda House; and Prof. Christiana Ochoa, Dean and Herman B Wells Endowed Professor, Maurer School of Law Indiana University will review the significance of education.

      Popular culture like cinema and literature are often called the mirror of society and its realities. Towards this end, a special session will be held with renowned film- maker Mr. Ronnie Screwvala, Founder UTV, Producer and Co-Founder upGrad on the theme, “Women in Cinema”.

      Ms. Geeta Chandran, Bharatanatyam Dancer and Vocalist; Ms. Kirti Jain, Former Director, National School of Drama; Prof. Sukrita Paul Kumar, Poet Critic and Academic; and Ms. Gurmeet Sangha Rai, Conservation Architect and Heritage Management Specialist will discuss “Women in Literature and Arts: Past, Present and the Future”.

      The three-day Convention will conclude with a keynote address on the theme “Towards an Inclusive Future and a Gender Just World” by Ms. Anupriya Patel, Hon’ble Union Minister of State for Health and Family Welfare.

      The introductory remarks were made by Professor (DR.) Upasana Mahanta Dean, Admissions & Outreach O.P. Jindal Global University and the Concluding Remarks were given by Professor Dabiru Sridhar Patnaik Registrar O.P. Jindal Global University (Disclaimer: The above press release comes to you under an arrangement with O.P. Jindal Global University and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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