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    Punjab govt committed to paying all valid dues; legal options being examined: FM Cheema
    ED searches multiple locations in Punjab, Chandigarh in PMLA case against PSIEC officials
    Rupee gains 9 paise against US dollar
    India, US working towards interim trade agreement: MEA
    Govt to adopt appropriate measures to mitigate fuel price volatility: MoS Finance
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    Champion Mirabai Chanu Unveils MMTC-PAMP's 'Virasat' Recycled Gold Coin to Celebrate India's 80th Year of Independence
    Indian economy to hit USD 5-trillion mark in FY29 as per IMF: FM
    SVC Co-operative Bank Concludes 120th Annual General Meeting, Reaffirms Growth, Governance and Digital Focus
    Rupee falls 3 paise to close at 95.40 against US dollar
    Government Boosts MSME Financing Through SIDBI and ECLGS 5.0
    India's Market Opportunity is Growing, and the Trade is Taking Notice
    50,000 Students to Participate in Season 2 of the Franklin Templeton National Mutual Fund Olympiad 2026
    Currently nine trade disputes pending against India under WTO rules: Govt
    MNLU Mumbai Launches MBA in Entrepreneurship & Digital Business Law
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    Govt hikes windfall gains tax on petrol, diesel, ATF exports
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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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      KK Modi University Hosts Grand Convocation Ceremony Graced by His Excellency, Shri Ramen Deka, Honorable Governor of Chhattisgarh

      April 12, 2025

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      Durg, Chhattisgarh, India (NewsVoir) KK Modi University (KKMU), a leading institution known for its focus on innovation, inclusivity, and global education standards, celebrated its first Convocation Ceremony on April 11th at Hotel Roman Park, Durg. The prestigious event was graced by the Honorable Governor of Chhattisgarh, His Excellency, Shri Ramen Deka. Other dignitaries were Dr. Bina Modi, Chairperson of Modi Enterprises – KK Modi Group, Charu Modi, the Chancellor of KKMU and Dr. Monika Sethi Sharma, Vice Chancellor of the University.

      The event marked a significant milestone in a journey that began when the foundation stone was laid in 2015 by Shri K.K. Modi and Dr. Bina Modi.

      Delivering his address on this occasion, Honorable Governor of Chhattisgarh, His Excellency, Shri Ramen Deka, lauding KKMU’s efforts said, “Education is the most powerful tool for transforming societies, empowering individuals and building strong nation.” -Addressing the graduating batch, Dr. Bina Modi, Chairperson of Modi Enterprises – KK Modi Group, shared heartfelt reflections from her own life journey.

      “It fills me with pride to see KKMU grow into an institution that shapes confident, capable, and conscious leaders of tomorrow. It was my late husband’s vision to provide world-class education to young minds, and I feel a deep sense of fulfilment in carrying that legacy forward. My life lessons were self-taught, but each of you has had the opportunity to learn, question, and grow on a platform that prepares you for the future,” said Dr. Bina Modi.

      Charu Modi, Chancellor of KKMU, a driving force behind KKMU, also addressed the gathering. “KKMU is much more than a university. It is a launchpad for limitless possibilities. Our graduates are leaving with more than degrees. They are taking with them the mindset to innovate, the skills to excel, and the values to lead with purpose,” said Charu Modi.

      The event also featured remarks by Dr. Monika Sethi Sharma, Vice Chancellor of KKMU, who spoke about the university’s commitment to academic excellence and holistic development.

      KK Modi University continues to set benchmarks in providing world-class education through a multidisciplinary, industry-aligned, and technology-enabled curriculum. With a strong emphasis on holistic learning, global exposure, and real-world problem-solving, KKMU is rapidly emerging as a preferred destination for students who aspire to lead and innovate.

      Over 60 students across disciplines such as MBA, B.Tech, BBA, and BCA were awarded degrees, many of whom have already been placed in prestigious organizations including Colorbar, Big Mint, Stratview Research, ABIS, Apply Legal, Career Potli, BB Advisory, Brand Mark and GPI to name a few.

      Placement highlights include: Shivani Khandelwal MBA Batch 2020 KKMU shaped my business foundation with hands-on learning and strong industry links.

      An internship at Godfrey Philips and placement at Indofil led to ISB Hyderabad today.

      Rajbir Kaur MBA Batch 2021 My MODICARE internship strengthened my managerial abilities.

      KKMU’s guidance helped me land a role as Assistant Manager at GPI Delhi.

      Vedant Wagh MBA Batch 2021 An internship at Godfrey Philips sharpened my marketing skills.

      KKMU’s placement support led me to Indofil Industries as a Sales Trainee.

      Pranjal Parakh MBA Batch 2021 KKMU's industry integration prepared me for success at Marque Inc.

      The academic training built my confidence to thrive professionally.

      Rashmeet Kaur BBA Batch 2020 "Interning at Logy AI, Hyderabad gave me real-world exposure to project management and administrative operations.

      KKMU’s guidance played a key role in helping me become a Sr. Project Associate." Pulkit Sahu B.Tech Batch 2020 "My internship at Augtech Nextwealth IT Services sharpened my coding skills through real-world projects.

      Thanks to KKMU’s support, I’ve now joined as a Developer." Siddharth Mukherjee BCA Batch 2021 "My internship at Codicians gave me valuable hands-on experience in the tech industry.

      Doing MBA at KK Modi University, where I’m exploring the blend of technology and management.

      These stories reflect the university’s unique emphasis on internship-to-placement pathways and practical industry exposure.

      About KK Modi University: Established in the year 2019.

      With Mission Value creation by nurturing well rounded career-ready professionals and entrepreneurs through educational excellence and experience-based learning.

      With Vision To be a university of choice for developing future leaders and entrepreneurs.

      KK Modi University works on three philosophies of instruction which will help in developing Nation Building Entrepreneurs • Inner Life Skills - Life long learning, self esteem, open mindedness, mindfulness, self awareness, confidence and happiness.

      • Outer Life Skills - Empathy, critical thinking, creativity, communication, collaboration, power of positive thinking and developing personality.

      • Career Skills - Getting expertise in domain skills, gaining practical industry experience and technical global competencies - through the best international university partners and corporate (co-op) domain partners.

      KK Modi University is a career-focused university that offers innovative courses to prepare students for successful careers. Recognized by UGC, the university emphasizes interaction with experienced faculty and international academic partnerships for a holistic learning experience. Based in Durg, Chhattisgarh, India and catering to national and international students, the university offers under graduate, post graduate and diploma courses across various disciplines.

      It has 7 Under Graduate Programs: BBA, B Com(H), B Tech CSE, BCA, BSc. CS, B Des(H), BHM.

      It has 7 Post Graduate Programs: M Com, M Tech CSE, MBA, MCA, PhD, MHM, M Des.

      It has 3 Integrated Programs: B Tech CSE + MBA, B Tech CSE + M Tech CSE, BBA + MBA.

      It has 6 Executive Programs: MBA, MBA Business Analytics, MBA Finance, MBA Marketing, MBA OB & HRM, MBA Production Operations.

      KK Modi University has International collaborations and MoUs with top ranked international universities namely UC Davis (USA), Virginia Commonwealth University (USA), Hochschule Luzern (Switzerland), Paris School of Art (France) to facilitate a wonderful opportunity to students to study abroad to gain short term multi-disciplinary experiences through our academic partnerships. KK Modi University also provides International Dual Degree opportunities for highly talented and strongly motivated students.

      KK Modi University’s collaboration with industry partners gives the real-world, program-related work experience while pursuing education. It also helps to decide what kind of job any student might want and increase the chances of acquiring a good job (with a higher salary) as a graduate.

      KK Modi University has partnered with Godfrey Philips India Limited, Indofil Industries Ltd, Techment, Zomato, Dabur, TCS, Big Mint, ABIS, Augtech Nxt Wealth, Apply Legal, Stratview Research, Tech B, The Internet & Mobile Association of India (IAMAI) bringing for students, an opportunity to balance classroom theory with practical, hands-on experience prior to graduation.

      Spread over 25 acres, KKMU campus is designed by the world class architects Walter F Wagner, Sami Rintala, Sandip Kumar and Anna Heringer, and situated within walking distance of Shivnath river. It is also in close proximity to Raipur and the twin city of Durg - Bhilai, the educational hub of Chhattisgarh and a well-planned, fast-growing township.

      #KKMUConvocation #KKMUPlacements #CareerUniversityIndia For more information: kkmu.edu.in (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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