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    Union Government releases tax devolution of ₹1,09,019 crore to State Governments, as one advance instalment to accelerate their capital and deve...
    Raymond Lifestyle Limited Delivered a stable Q1 FY27 Performance
    Rupee rises 31 paise to 95.12 against US dollar in early trade
    Customs seizes 8 kg gold worth over Rs 11 cr at Kerala airports in one week
    Drill, Baby, Drill: India to fund Rs 650 cr per well for 60 deepsea wells to break its oil import habit
    Punjab GST revenue rises 20 pc to Rs 10,447 crore in April-July: Cheema
    India-China trade through Shipli La resumes after six years
    Odisha's export can reach USD 50 billion by FY 2029-30: Study
    Andhra records 21 per cent growth in net GST collections till July
    J&K crime branch chargesheets accused in separate bank, insurance fraud cases
    MCD-facilitated PM Vishwakarma Scheme enrols over 41,000 artisans in Delhi
    Gross GST mop-up grows 15.4 pc to over Rs 2.11 lakh cr in July on higher imports, sales
    Gross and Net GST revenue collections for the month of July, 2026
    India and Rwanda Hold First Joint Trade Committee Meeting to Deepen Bilateral Trade and Investment Cooperation
    West Bengal GST collection rises 2 pc in July to Rs 5,564 crore
    Gross GST collection kitty swells 15.4 pc to over Rs 2.11 lakh cr in July
    RBI says USD 40.82 bn mobilised under forex swap facility till Jul 31
    Sebi bars ZEEL for 2 months, Subhash Chandra, Punit Goenka for 1 year in Hyderabad land pledge case
    Department of Commerce Holds Workshop on Trade and Sustainable Development Policy Landscape
    GeM Launches 10-Day Celebrations Ahead of 10th Foundation Day, Unveils Commemorative Logo
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    August 3, 2026
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    Tax devolution advance instalment strengthens State finances for accelerated capital and developmental expenditure through distribution of Union tax proceeds.
    Tax devolution was released to State Governments as an additional advance instalment alongside the normal monthly devolution schedule. The fiscal transfer shares net proceeds of Union taxes and duties with States, with the stated purpose of strengthening State finances and supporting accelerated capital and developmental expenditure. The release includes a State-wise distribution of tax-devolution proceeds.
    August 3, 2026
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    Financial performance reporting highlights revenue and EBITDA growth, garmenting recovery, retail optimisation, ESG commitments, and forward-looking risk disclosures.
    Financial performance reflects growth in total income and EBITDA, with improved margin, reduced net working-capital days, and a net-cash position. Branded textiles and high-value cotton shirting reported lower revenue due to the prior-year base effect, while branded apparel grew but faced lower margin from channel mix. Garmenting improved through order-book execution, tariff rationalisation, and new global clients. ESG priorities include female representation, waste-management initiatives, renewable energy, emissions reduction, and workplace safety. Forward-looking statements remain subject to regulatory, political, economic, and technological risks.
    August 3, 2026
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    Foreign exchange market support strengthens the rupee as lower crude prices, portfolio inflows and reserve growth improve sentiment.
    Foreign exchange market conditions supported an early appreciation of the rupee against the US dollar, attributed to lower global crude oil prices, a weaker dollar, sustained foreign portfolio inflows, higher foreign exchange reserves, and Reserve Bank of India presence in the foreign exchange market. Domestic equity market gains and net foreign institutional equity purchases were also identified as supporting factors.
    August 2, 2026
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    Gold smuggling detection targets sophisticated concealment methods through strengthened passenger profiling, intelligence gathering and coordinated investigations into organised networks.
    Gold smuggling detection at Kerala airports led to multiple seizures, registration of cases and arrests in alleged smuggling attempts. Organised networks reportedly use gold in paste or compound forms concealed in clothing, body cavities, aircraft seats and other unconventional locations. Enforcement measures include strengthened passenger profiling, intelligence gathering and inter-agency coordination, while investigations continue to identify associated syndicates and financiers.
    August 2, 2026
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    Offshore exploration funding supports deepwater drilling, shared infrastructure and seismic data to strengthen domestic hydrocarbon production potential.
    The Samudra Manthan National Offshore Exploration Scheme provides direct budgetary support for high-risk deepwater and ultra-deepwater exploratory drilling, subject to cost-sharing and per-well limits. Support is available to eligible operators holding or securing exploration acreage. The scheme also funds offshore data acquisition and shared subsea, receipt and processing infrastructure through a Common Hub Infrastructure model. It is intended to promote risk exploration, improve commercialisation of offshore discoveries and strengthen domestic hydrocarbon production potential within the existing exploration and licensing framework.
    August 1, 2026
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    GST compliance enforcement combines taxpayer refunds, analytics-based fraud detection, cancellation of fake registrations, and recovery of outstanding VAT arrears.
    Punjab attributed increased GST collections to voluntary compliance, intelligence-based enforcement and technology-driven tax administration, while facilitating compliant taxpayers through timely GST refunds. Data analytics, risk profiling and field verification were used to identify tax evasion, bogus billing, fake input tax credit networks and misuse of the GST registration framework. Measures included penalties, cancellation of fraudulent registrations and recovery of long-pending VAT arrears through attachment and auction of defaulters' properties.
    August 1, 2026
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    Cross-border barter trade resumes through Shipki La, subject to permitted goods, time limits, and import-export compliance requirements.
    Cross-border barter trade through Shipki La between India and Tibet resumed after a six-year interruption. Traders may exchange specified goods under a barter arrangement and must return within 72 hours. Traders are required to comply strictly with import-export regulations prescribed by the Union Ministry of Commerce, emphasising transparency and regulatory compliance. Expansion of permitted goods may be pursued through prescribed governmental and external-affairs channels.
    August 1, 2026
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    Export growth projections outline pathways for Odisha to expand merchandise trade through export diversification, MSME support and financing initiatives.
    Export growth projections for Odisha set out base, optimistic and ambitious scenarios through FY 2029-30, based respectively on historical growth, envisaged national export growth, and a larger share of national exports. Odisha's export basket remains concentrated in metals and minerals, led by aluminium products, with China as the principal export destination. Odisha Vision 2047 identifies exports, including MSME contributions, as an economic transformation driver, while export-financing and risk-mitigation initiatives aim to address financing gaps for exporters and MSMEs.
    August 1, 2026
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    GST compliance enforcement through AI analytics supported sustained net GST collection growth despite rate rationalisation reforms and reduced compliance costs.
    GST revenue mobilisation in Andhra Pradesh showed year-on-year growth in net GST and total commercial tax collections through July 2026, despite rate-rationalisation reforms. Revenue growth was attributed to AI-based scrutiny and analytics, machine-learning risk scoring, AI-driven IGST reversals, UPI-based enforcement analytics, data sharing, predictive analytics, registration verification, and Aadhaar-integrated expansion of the professional-tax base. These measures were stated to strengthen compliance, curb wrongful input tax credit claims, broaden taxpayer coverage, and improve revenue mobilisation.
    August 1, 2026
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    Economic-offences fraud chargesheets address alleged fictitious loans, forged insurance surrender papers, and diversion of bank and policy funds.
    Economic-offences chargesheets were filed in separate alleged bank and insurance fraud matters. The bank investigation alleged fictitious loan sanctions and overdrafts beyond delegated authority, involving cheating, forgery, use of forged documents and criminal conspiracy. The insurance investigation alleged that duplicate policy records and forged surrender documents were used to open a fraudulent account in a policyholder's name and divert policy proceeds. Records, witness statements, documentary evidence and forensic examination were cited in support of the allegations.
    August 1, 2026
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    PM Vishwakarma Scheme implementation expands artisan enrolment, skills, credit, e-commerce access and export facilitation while addressing documentation barriers.
    PM Vishwakarma Scheme implementation in Delhi facilitated artisan enrolment, application processing, skill training, toolkit distribution, loan access, e-commerce onboarding and export-related support. Awareness workshops and tele-calling campaigns were used to promote participation and follow up on benefits. Key implementation challenges concerned outreach to informal clusters, digital literacy, delays in Aadhaar and IEC documentation, and additional support for Divyang artisans. Planned action includes expanding workshops, scaling e-commerce onboarding, strengthening export facilitation and coordination with implementing agencies.
    August 1, 2026
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    Goods and Services Tax collections rise on domestic consumption and imports, while elevated import revenue prompts assessment of underlying drivers.
    Goods and Services Tax collections for July increased over the corresponding prior-year period, supported by domestic sales and imports. Gross receipts included Central GST, State GST and Integrated GST, with net GST revenue calculated after adjusting refunds. For the April-July period, gross and net collections also increased. Commentary linked domestic GST growth to consumption, formalisation and industrial activity, while identifying elevated import GST collections as an area requiring assessment of import composition, currency effects and volumes.
    August 1, 2026
    Show AI Summary
    GST revenue collections show provisional gross, refund and net revenue trends, with State-wise settlement and domestic collection data.
    GST revenue collections for July 2026 are reported provisionally through gross domestic and import revenue, domestic and export-related refunds, and net GST revenue after refunds. The data also sets out SGST collections and the SGST share of IGST settled to States and Union Territories, both monthly and cumulatively. State-wise domestic GST growth excludes GST on imported goods, while jurisdiction-wise data allocates collections between central and State formations and identifies CGST, SGST and IGST components.
    August 1, 2026
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    Bilateral trade cooperation expands through a Joint Trade Committee covering investment, critical minerals, healthcare, digital technologies and market access.
    Bilateral trade and investment cooperation between India and Rwanda is to be advanced through a structured Joint Trade Committee mechanism for reviewing commerce, diversifying trade, promoting investment, facilitating business engagement and addressing market-access and logistical issues. Priority cooperation includes critical minerals, pharmaceuticals and healthcare, agriculture and agro-processing, standards harmonisation, digital public infrastructure, fintech, cybersecurity, green mobility and renewable energy. Investment focal points will support engagement, while capacity-building assistance and close monitoring of the Agreed Minutes are intended to support time-bound implementation.
    August 1, 2026
    Show AI Summary
    GST collection growth in West Bengal continued year-on-year in July but remained below the national growth trend.
    West Bengal's July GST collection increased year-on-year and over the preceding month, marking a second consecutive month of annual growth. Official data also indicated that the State's annual growth rate was below the national trend, while gross domestic GST revenue excluding imports and overall gross GST collections including import-related taxes rose nationally during July.
    August 1, 2026
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    GST collection growth reflects higher revenue mobilisation from domestic transactions and imports, with refunds adjusted in net revenue.
    Goods and Services Tax collections increased in July, driven by higher revenue from domestic transactions and imports. The gross collection comprised Central GST, State GST and Integrated GST components. Refunds also increased during the month, and net GST revenue was determined after adjustment of refund outflows from gross tax receipts.
    August 1, 2026
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    Concessional foreign-exchange swaps encourage bank deposits and foreign borrowings to strengthen balance-of-payments resilience and foreign-exchange liquidity.
    The Reserve Bank of India introduced a concessional foreign-exchange swap facility to encourage foreign-currency inflows, strengthen the balance of payments and support foreign-exchange liquidity. The facility applies to fresh Foreign Currency Non-Resident (Bank) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings. Foreign Currency Non-Resident (Bank) deposits constitute the principal source of inflows mobilised under the arrangement. The facility is available for specified time-bound periods, with a later availability period for Overseas Foreign Currency Borrowings and External Commercial Borrowings.
    August 1, 2026
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    Unauthorised pledge of listed-company land triggered securities-market bars for disclosure failures and misuse of management authority.
    Unauthorised pledge of ZEEL's Hyderabad land as security for loans obtained by promoter-linked entities was treated as a related-party transaction lacking prior audit committee approval. ZEEL failed to disclose the land's deployment in its financial statements. Its Chairman Emeritus was stated to have transferred title deeds by falsely representing management approval and to have concealed the transaction's nature. Securities-market prohibitions and monetary penalties were imposed with immediate effect.
    August 1, 2026
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    Trade and sustainable development policy integrates carbon regulation, sustainability standards and domestic frameworks to strengthen trade competitiveness and preparedness.
    Trade and Sustainable Development policy was examined in relation to international trade disciplines, sustainability regulation and India's trade strategy. Discussions considered carbon markets, carbon pricing, carbon border adjustment measures, sustainability standards and regulatory cooperation, and their implications for trade and industrial competitiveness. Domestic mechanisms, including the Carbon Credit Trading Scheme, Indian Carbon Market, Extended Producer Responsibility framework, and accreditation and conformity assessment systems, were considered for strengthening preparedness for emerging sustainability-related trade disciplines.
    August 1, 2026
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    Digital public procurement engagement begins with stakeholder events promoting transparent, efficient and inclusive marketplace governance.
    Government e-Marketplace launched ten-day celebrations preceding its tenth Foundation Day, including a commemorative logo, stakeholder events and recognition of employees, buyers and sellers. The programme begins a year-long nationwide outreach initiative bringing together buyers, sellers, policymakers, industry representatives and ecosystem partners through events, dialogues and collaborative platforms. Its stated focus is technology-enabled, transparent, efficient and inclusive public procurement.

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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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