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    Government Notifies Inventory-based Cross-border E-Commerce Export Framework under Foreign Trade Policy 2023
    Customs official among 5 held for smuggling gold of Rs 1.44 crore at Indore airport
    Lok Sabha passes Bankers' Books Evidence Bill to replace colonial-era law
    Sensex gains 152 pts in volatile session as RBI keeps policy rates unchanged
    DRI seizes 364 metric tonne (MT) banned Pakistan-origin dry dates imports worth Rs. 3 crore
    Rupee gains 13 paise to close at 95.15 against US dollar post-RBI policy decision
    ED raids premises linked to ex-Andhra MLA Malla Vijaya Prasad in chit fund scam
    'Gungi gudiya' remark against Sunetra shows Cong's 'ideological bankruptcy': NCP leader Tatkare
    RBI holds interest rates for fourth straight meeting, awaits clearer inflation outlook
    Highlights of RBI's August monetary policy
    RBI targeting polymer currency notes launch in early FY28: Guv Malhotra
    Two women held at Delhi airport with 1 kg gold concealed as silver-coated armlet
    Sensex trades higher, Nifty flat post RBI policy
    India's services sector growth hits four-and-a-half-year low in July on weak demand: PMI
    SC grants interim bail to businessman Anwar Dhebar in manpower commission 'scam' case
    The Taxation and Other Laws Amendment Bill 2026 - Introduced in Lok Sabha on 4th August 2026
    RBI marginally raises FY27 GDP growth projection to 6.7 pc, lowers inflation forecast
    Collaboration, Inclusion and Entrepreneurship: How SIDBI MSME Samvaad Is Shaping the Future of India’s MSME Ecosystem
    RBI keeps policy rate unchanged for third time in row in FY27 amid West Asia crisis
    RBI keeps policy rate unchanged for third time in row amid West Asia crisis
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    August 5, 2026
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    Export-only e-commerce inventory framework enables seller exports through registered exporters while requiring traceability, timely payments and domestic-diversion controls.
    The export-only inventory framework permits eligible e-commerce entities to export through a registered Exporter-on-Record, which procures goods from Indian Sellers-on-Record against confirmed overseas orders and assumes export and destination-country compliance responsibilities. Inventory must be segregated, digitally traceable and cannot be diverted to domestic sale. The framework requires timely seller payments, visibility of overseas sales and shipment information, proportional pass-through of export rebates and refunds, annual compliance certification and digital records.
    August 5, 2026
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    Gold smuggling enforcement targets concealed foreign-origin gold, airport control evasion, and illicit railway transport under customs law.
    Gold smuggling enforcement operations under the Customs Act, 1962 involved alleged concealment and unlawful movement of foreign-origin gold. At an international airport, an alleged syndicate used an airline employee to transfer gold received from arriving passengers outside Customs and immigration controls, with gold disguised as silver-coloured bracelets. A separate railway operation concerned gold concealed in a specially made cloth waist belt and intended for delivery to a jeweller. The actions addressed concealment, evasion of Customs controls, and illicit transport of foreign-origin gold.
    August 5, 2026
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    Digital bank-record evidence gains a technology-neutral framework through expanded admissibility, certified authentication, and regulated production of bankers' books.
    The Bankers' Books Evidence Bill, 2026, modernises the evidentiary treatment of banking records by extending "bankers' books" to physical, electronic, digital, virtual and cloud-based records. It recognises electronic bank records as admissible evidence, allows production in physical or electronic form, and provides for standardised certificates authenticated by manual, digital or electronic signatures. The Bill also defines "special cause" for compelling bank officers to produce records or testify where the bank is not a party, and permits extension to specified financial-sector entities subject to conditions.
    August 5, 2026
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    Closing auction price discovery and unchanged policy rates shaped volatile equity trading amid inflation and geopolitical uncertainty.
    The Monetary Policy Committee retained the policy repo rate and neutral policy stance while seeking greater clarity on inflation risks from higher energy costs. Stock exchanges introduced the Closing Auction Session for eligible futures and options shares in the equity cash segment to determine closing prices through a more transparent and robust auction-based price-discovery mechanism. Equity markets showed volatile, limited gains amid geopolitical uncertainty, energy-price concerns, profit booking and the new mechanism's introduction.
    August 5, 2026
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    Pakistan-origin import prohibition covers third-country routing, false origin declarations, forged documents, and trans-shipment arrangements used to evade restrictions.
    The prohibition on direct or indirect import or transit of goods originating in or exported from Pakistan extends to goods routed through third countries and falsely declared as having another origin. Misdeclaration of country of origin, false descriptions, forged documentation, and trans-shipment arrangements may contravene that prohibition and invite action under the Customs Act, 1962. Dry dates declared as UAE-origin and Guggul resin declared as Somalia-origin were investigated as goods of Pakistan origin routed through Dubai.
    August 5, 2026
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    Foreign exchange stability measures support the rupee as policy continuity, capital inflows and global risk sentiment shape currency expectations.
    Foreign exchange market movement reflected a rupee appreciation against the US dollar following the monetary policy decision to retain the repo rate and neutral stance. Market sentiment was supported by softer crude oil prices, weakness in the US dollar, lower US Treasury yields and foreign equity inflows. The monetary policy framework sought to support capital inflows and maintain an orderly rupee trajectory, with geopolitical developments and US economic data remaining relevant to near-term exchange-rate expectations.
    August 5, 2026
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    Money-laundering investigation examines alleged proceeds from chit fund operations following searches linked to a former company managing director.
    A money-laundering investigation concerns alleged proceeds of crime arising from a multi-state chit fund operation associated with Welfare Building and Estates Pvt Ltd. The company is alleged to have collected investor deposits through investment schemes promising high returns before defaulting. Searches at premises linked to its former managing director form part of the inquiry into alleged laundering. The underlying alleged fraud had previously resulted in a CBI case and multiple police FIRs.
    August 5, 2026
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    Political restraint in public communications was urged, alongside adherence to principal-speaker protocol during press conferences and media interactions.
    Political restraint in public communications was urged after a social-media remark directed at Sunetra Pawar was criticised as ideologically irresponsible. It was stated that regret alone was insufficient and that leaders should exercise care in public comments. Press-conference protocol was also emphasised: the principal dignitary should respond to media questions, and those seated alongside should not participate in the interaction. Party colleagues were expected to act more responsibly in future media engagements.
    August 5, 2026
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    Neutral monetary policy stance continues as inflation clarity is awaited, alongside cooperative banking and lending-rate transparency measures.
    Monetary policy maintained the benchmark policy repo rate and a neutral stance pending clearer evidence that energy-cost pressures will generate broad-based inflation. Inflation is expected to rise temporarily due principally to food and fuel prices before moderating, while core inflation remains benign. The approach remains data-dependent, supported by two-way liquidity operations. Proposed measures include resuming urban cooperative bank licensing, revising rural cooperative bank credit-monitoring directions, and harmonising interest-rate regulation on advances across regulated entities to improve transparency and consumer protection.
    August 5, 2026
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    Repo rate stability preserves the policy stance amid lower inflation projections, stronger growth expectations and external-sector resilience.
    Monetary policy maintained the repo rate at 5.25 per cent following a unanimous policy committee decision. The growth forecast for FY27 was marginally increased, while the inflation projection was lowered. Inflation conditions remain uncertain because of monsoon, El Nino and geopolitical developments. Liquidity remained in surplus, and external-sector indicators reflected a current-account surplus, buoyant foreign direct investment inflows, renewed foreign portfolio investment inflows, and adequate foreign-exchange reserves.
    August 5, 2026
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    Polymer currency notes target improved durability as monetary policy remains data-dependent and rupee management pursues an orderly trajectory.
    Polymer currency notes are targeted for circulation at the beginning of the next financial year, subject to implementation proceeding as planned. They are intended to improve durability, especially for lower-denomination notes with high circulation velocity. Monetary policy decisions will remain data-dependent and focused on aligning headline inflation with its medium-term target. Foreign Currency Non-Resident (Bank) scheme inflows are expected to remain healthy until closure, with no proposal for premature termination. Rupee management aims to maintain an orderly exchange-rate trajectory.
    August 5, 2026
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    Customs anti-smuggling enforcement targets gold concealed as silver-coated armlets following passenger profiling and personal search at airport.
    Customs officers intercepted two passengers arriving from Istanbul after Advance Passenger Information System profiling and their activation of the Door Frame Metal Detector. A personal search recovered approximately one kilogram of gold, silver-coated and concealed as traditional armlets worn on the upper arms. The gold was seized under the Customs Act, a smuggling case was registered, and investigation was initiated into the source and any wider smuggling network.
    August 5, 2026
    Show AI Summary
    Closing auction price discovery for eligible derivatives shares begins as monetary policy retains the repo rate and neutral stance.
    The Reserve Bank retained the repo rate with a neutral stance amid uncertainty over energy prices and supply disruptions. Stock exchanges introduced the Closing Auction Session in the equity cash segment for eligible shares with futures and options contracts. This auction-based mechanism determines closing prices of eligible stocks and aims to make price discovery more transparent and robust.
    August 5, 2026
    Show AI Summary
    Services-sector growth slowed as weaker demand, competition and postponed orders moderated business activity, while employment improved modestly.
    Services-sector growth slowed as domestic and export orders moderated amid weaker demand, competitive pressures, softer market conditions and postponed orders. Output continued to expand, but at its weakest pace in more than four years. Employment growth improved modestly, while input costs rose and firms increased selling prices. Business confidence remained positive but declined, and the composite output indicator weakened due principally to the sharp slowdown in services activity.
    August 5, 2026
    Show AI Summary
    Interim bail conditions require residence outside the state and trial attendance in alleged manpower commission corruption proceedings.
    Interim bail was granted to Anwar Dhebar in a matter involving alleged corruption and an illegal commission mechanism linked to a state marketing corporation. Conditions require him to remain outside Chhattisgarh, attend the trial court, and provide his residential address. The allegations concern manpower supply agencies allegedly being compelled to pay commissions for clearance of legitimate bills, with proceeds routed through intermediaries. The case was registered under the Indian Penal Code and the Prevention of Corruption Act.
    August 5, 2026
    Show AI Summary
    Tax certainty measures revise fund-management safe harbours, electronic-payment charges, sectoral exemptions, business-trust treatment, and excess expenditure appropriation.
    The Taxation and Other Laws (Amendment) Bill, 2026 proposes to replace the Income-tax (Amendment) Ordinance, 2026 and amend payment-system and tax laws. It would prohibit charges on notified electronic payments, revise safe-harbour conditions for eligible investment funds and fund managers, and expand tax exemptions for Government securities, qualifying rough-diamond sales and bonded-warehouse component storage. It also modifies exemptions concerning electronic-goods contract manufacturing, data centres and business-trust dividends, while imposing a differentiated surcharge on qualifying special purpose vehicles. A separately included appropriation bill authorises excess expenditure from the Consolidated Fund of India.
    August 5, 2026
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    Growth and inflation projections reflect resilient domestic activity while energy volatility, supply disruptions, and food prices sustain inflation risks.
    Monetary policy projections for fiscal 2026-27 revise real GDP growth upward to 6.7 per cent and Consumer Price Index inflation downward to 5 per cent. Domestic activity is described as resilient amid global uncertainty, but inflationary risks persist from rainfall disruption, energy-price volatility, supply-chain uncertainty, and second-round effects of higher food, fuel and input costs. Core inflation is projected at 4.3 per cent for the fiscal year.
    August 5, 2026
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    Industry collaboration strengthens MSME competitiveness through shared resources, market linkages, capability building and inclusive support for women entrepreneurs.
    MSME development is linked to collaboration, knowledge-sharing, institutional support and capability building. Industry associations can provide networking, policy advocacy, business intelligence, skills programmes, shared infrastructure and market linkages, while collective procurement, shared logistics, digital commerce and export readiness may improve competitiveness. Women-led enterprises benefit from market-oriented capability development, mentorship, continuous learning, professional networks, capacity-building programmes and institutional support. The Development of Industry Associations initiative is intended to connect associations and facilitate the sharing of best practices.
    August 5, 2026
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    Monetary policy rate maintenance continues under a neutral stance amid energy disruption, inflation concerns and sustained currency depreciation.
    Monetary policy rate maintenance was continued with the repo rate retained at 5.25 per cent under a neutral stance amid uncertainty over energy prices and supply disruptions associated with the West Asia crisis. The growth forecast was marginally increased and the inflation projection reduced. Sustained rupee depreciation against the dollar was attributed to costly oil, capital outflows, widening trade deficits and a strong US dollar.
    August 5, 2026
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    Monetary policy rate pause maintains a neutral stance amid energy disruption, inflation concerns and sustained rupee depreciation pressures.
    Monetary policy rates were retained without change for a third consecutive review, with a neutral stance maintained amid uncertainty over energy prices and supply disruptions associated with the West Asia crisis. The policy assessment noted retail inflation above the medium-term target, alongside an upward revision to growth expectations and a downward revision to the inflation projection. Continued rupee depreciation was linked to higher oil prices, capital outflows, widening trade deficits and a stronger US dollar.

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      CU-UP Becomes the First University in Uttar Pradesh to Launch Advanced Credit Programs, Offers 60 Online High-Demand Courses Free of Cost to Students

      June 24, 2025

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      Chandigarh University, Uttar Pradesh Rolls Out Industry-Powered Advanced Credit Programs – Free Global Certifications and Skill Training to Begin Even Before Degree Programs Lucknow, Uttar Pradesh, India (NewsVoir) Setting a new benchmark in the field of higher education, Chandigarh University, Uttar Pradesh has launched over 60 Advanced Credit Program courses. With this initiative, CU-UP has become the first university in the state to roll out such programs. The 'Advanced Credit Program' is a unique initiative through which students can acquire globally recognized certifications and industry-ready skills even before commencing their formal degree programs. Notably, in line with the objectives of the New Education Policy, CU-UP is offering all these courses entirely free of cost to ensure the holistic development of students in Uttar Pradesh.

      The credit points earned through the ACP are stored in your credit bank and can be used at any time. For instance, when a student moves from one course to another or switches streams, the Advanced Credit Program proves to be extremely beneficial. Under this digital system, students can transfer previously earned credits in specific subjects or courses to a different program or institution. The greatest advantage of this system is that students do not have to study the same subject again, saving both time and effort in their academic journey.

      Moreover, if a student has to drop out of a course midway due to any reason, they can rejoin the same or another program later and still utilize the credits they had already earned. This feature simplifies the multiple entry and exit options. Additionally, if a student wishes to pursue interdisciplinary learning—for example, studying science at the undergraduate level and switching to data science or management at the postgraduate level—the previously earned credits may still be valid for them.

      Chandigarh University’s Advanced Credit Program offers a total of 60 industry-powered courses. The Engineering cluster includes the 23 courses, covering topics like Artificial Intelligence, IoT, Robotics, and Cloud Computing. The Management cluster offers 15 courses, including Airline Operations, Business Analytics, and Personal Branding. The Liberal Arts cluster features 6 creative and skill-oriented courses, such as Architectural Design, Journalism, and Visual Storytelling. For students of all disciplines, the Common to All cluster includes 8 foundational courses like Communication Skills, Financial Literacy, and Entrepreneurship. The Engineering and Management category contains 5 interdisciplinary courses, while Engineering, Management, and Science includes 1 integrated course. Additionally, the Sciences cluster offers 2 focused programs, including Bioinformatics and Environmental Sustainability. Each of these clusters is designed in alignment with the demands of the global industry.

      One of the standout features of these programs is that students can pursue them online from the comfort of their homes. Furthermore, students enrolling in CU-UP’s programs will also receive certifications from leading industry partners. Global companies like SAS, Intel Digital Readiness, Altium, Zerodha Varsity, LifeSenz, and The Australia Today are part of this initiative, enhancing the value and credibility of these programs.

      The primary goal of the online Advanced Credit Program is to enable students to begin preparing for their careers early anytime anywhere, so that by the time they join the university, they are not just academically ready, but also equipped for professional success. The program features high-demand courses that typically cost thousands to lakhs of rupees, but CU-UP is offering them to students without any fee. These include high-quality certifications in Digital Marketing, Data Analytics, Artificial Intelligence, Machine Learning, Cybersecurity, Financial Literacy, Personal Branding, and Entrepreneurship, etc.

      Aligned with the New Education Policy, ACP is designed to help students bridge the gap between their passion and profession. All courses included under the program are curated in alignment with current industry needs, ensuring that students don’t remain confined to theoretical learning but gain real-world, job-ready skills. These certifications are not only recognized in India but also internationally, giving students a competitive edge and boosting their confidence in the global job market.

      This program has been structured to be inclusive, allowing students from any academic or technical background to participate. With an online learning format, students can study at their own pace and explore subjects of their interest in depth.

      The vision of Chandigarh University, Uttar Pradesh, extends beyond traditional education – the aim is to create an environment where every student can discover their true potential, sharpen their skills, and progress toward a successful future. ACP is a reflection of this vision – a platform that not only helps students graduate, but also transforms them into globally competitive professionals.

      Admissions to the ACP are now open. Interested students can register on the official website of Chandigarh University, Uttar Pradesh, and seize this valuable opportunity.

      On this occasion, Dr. Thipendra P Singh, Pro Vice Chancellor, Chandigarh University, Uttar Pradesh said, “It’s a proud moment that Chandigarh University Uttar Pradesh has become the first university in the state to launch Advanced Credit Programs, with over sixty courses to offer. At Chandigarh University, we are deeply committed to empowering students with learning opportunities even before they officially join our campuses. This forward-thinking approach is one of the key reasons we are ranked among the top universities in India and highly regarded across Asia.

      We are proud to introduce the Advanced Credit Program — an initiative that allows you to earn academic credits before stepping into a formal classroom setting. No matter which program, discipline, or campus you choose, ACP enables you to learn at your own pace and convenience.

      The program offers a wide array of courses across diverse domains, designed to sharpen your industry-relevant skills and give your career a head start. These are industry-aligned programs, co-designed and delivered in collaboration with leading experts to ensure real-world readiness. Through Chandigarh University’s Advanced Credit Programs, students can earn credits early, and stay ahead from day one of their academic journey.” “It fills me with immense pride and honor that Chandigarh University is now ranked among the top 2% of universities worldwide, as per the QS rankings — out of over 28,500 institutions. This legacy of excellence will continue at the Chandigarh University, Uttar Pradesh campus, where students will enjoy the same world-class facilities”, he added.

      On this occasion, Dr. Ajay Yadav, Registrar, Chandigarh University, Uttar Pradesh, stated that, “The objective of the Advanced Credit Program (ACP) is not just to teach students futuristic industry skills, but also to fully prepare them for career. Designed keeping in mind the New Education Policy, this program offers students the opportunity to learn skills from various domains alongside their academic studies, enabling them to give a new direction to their careers. With this vision, Chandigarh University, Uttar Pradesh has made available over 60 ACP courses to students even before the start of their academic programs, allowing them to gain globally recognized certificates and skills completely free of cost.” Dr. Ajay Kumar Singh, ACP Co-ordinator, and Head of Engineering, CU UP said, “As ACP co-ordinator, I am excited to share how ACP is transforming the way students prepare for university life. ACP is designed to bridge the gap between school learning and higher education by offering industry relevant modules in coding , AI, design, communication skills and many more –even before students formally begins their degree. But what makes ACP truly special is our Passion Tracks — where students explore interests beyond academics. From singing, dancing, cricket, and photography to yoga and wellness, we give equal space to creativity, talent, and personal growth. At Chandigarh University Uttar Pradesh, ACP isn’t just about early learning — it’s about early discovery, self-expression, and unlocking your full potential. Join ACP to begin your university journey empowered and inspired.” “The Advanced Credit Program (ACP) offered by the Faculty of Humanities and Liberal Arts, Chandigarh University, Unnao campus, is a learning bridge for the smooth transition of our students entering into the University learning space from Schools. It can be seen as a multivitamin with multiple advantages, empowering our students with insights into industry skills, global opportunities, while also giving them a glimpse of their academic learning journey at CU. Get enrolled in the ACP to enjoy and navigate your University-readiness life”, said Dr. Om Prakash Dwivedi, Director, Faculty of Liberal Arts and Behavioural Sciences, CU UP.

      Dr. Rajesh Sinha, Dean, Sciences, CU UP said, “The Advance Credit Program (ACP) offered by the Faculty of Sciences at Chandigarh University Uttar Pradesh offer an exciting opportunity for the aspiring scientists to accelerate their academic and career pathways. The program features a thoughtfully curated mix of future-focused interdisciplinary courses with having core fundamentals such as Basics of Mathematics and Statistics, JEE PowerPrep of Physics, Chemistry and Mathematics, as well as cutting-edge courses of Applied and Health Sciences like Bioinformatics Essentials, Cancer Biology, Cyber Law, Education for All: Disability, Diversity and Inclusion etc. For students who are keen and interested in Data Science, there are courses of Machine Learning, Applied Analytics, Data Visualization Tool, Robotics etc. ACP is designed to cater students, the depth and variety of learning. These courses designed to cater students, the depth and variety of learning and build a solid foundation and strong career path. With the flexible format, these certifications empower students to pursue their interest and stay aligned with current industry trends, and earn early academic credits for a successful career in science and beyond.” Dr. Abhishek Singh, Head of School of Legal Studies, CU UP said, "In the current digital era, it is imperative that all students learn the fundamentals of cyber laws. It aids in safeguarding private information, comprehending one's rights and obligations online, and preventing online crimes such as identity theft, hacking, and cyberbullying. Students study the legal ramifications of social media, digital privacy, and e-commerce in light of the rise in digital transactions. Understanding cyber law enables students to use the internet in a way that is safe, moral, and compliant with the law—a skill that is essential for both personal and professional life. Understanding cyber laws guarantees responsible digital citizenship, regardless of your profession—law, IT, business, etc. It's essential, not just helpful." Dr. Alok Kumar, Head, Business and Management, CU UP said, “The Advanced Credit Programme is the first step towards developing oneself as a budding professional in the domain area of your choice. It delivers value in a variety of forms, clear interface with your faculty members; funneling and channeling for focussed learning in domain area apart from earning credits that flows directly to your academic credentials in addition to making you possess a leader advantage even when formal courses are yet to begin. So it is indispensable and holds greater relevance in the era of knowledge economy. For the programmes and courses of Business domain, you shall gain a clear cut edge on the different developments that have got embedded in the business functioning of the modern age, you shall develop a deeper insight into understanding of contemporary business affairs, in the digital economy framework. Overall, you are ready to become a winner in all your professional endeavours.” 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. www.culko.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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