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    Rupee falls 19 paise to close at 95.61 against US dollar
    Govt to soon announce high-level panel on 'Banking for Viksit Bharat'
    Union Minister of Finance and Corporate Affairs interacts with interns from PM Internship Scheme in New Delhi
    DRI uncovers large-scale illegal use of SAFTA agreement in areca imports
    Rupee falls 17 paise to 95.59 against US dollar in early trade
    Colombian president asks Trump to suspend tariffs to help earthquake recovery
    Mission Samudra to be launched alongside Vizhinjam’s EXIM operations
    Europe emerges top destination for India's electric car shipments in Q1
    Govt sets LPG production targets for refiners; Reliance gets largest quota
    PM urges MSMEs to tap opportunities from FTAs
    PM urges farmers to adopt 'chemical-free farming' to tap rising global demand for such food items
    Govt rolls out foreign asset disclosure scheme for small taxpayers
    Need one or two Indian pharma firms to be among global top 5: PM Modi
    Small taxpayers with€™ foreign assets to face 30 pc tax plus penalty; disclosure scheme opens till Dec 31
    PM urges MSMEs to tap opportunities from FTAs
    Govt cuts windfall gains tax on petrol, diesel, ATF exports
    Modi warns of weaponisation of resources, sea routes; urges energy self-reliance
    Current account deficit widens to USD 6.2 bn in Jun: RBI data
    Concessional swap facility attracts USD 56.85 bn forex inflows: RBI
    DFS Highlights Mechanism for Timely Redressal of Insurance Policyholders’ Grievances
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    August 17, 2026
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    Banking sector review panel will align future growth with financial stability, inclusion and consumer protection through government recommendations.
    High Level Committee on Banking for Viksit Bharat is proposed to comprehensively review the banking sector and align it with India's next phase of growth. It is intended to safeguard financial stability, financial inclusion and consumer protection, while providing views and recommendations to the Government on banking-sector development and reform.
    August 17, 2026
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    Prime Minister Internship Scheme enhances youth employability through paid industry exposure, cross-field learning, workplace readiness and potential full-time employment.
    The Prime Minister Internship Scheme provides paid internships with leading companies across India to improve youth employability through practical workplace exposure, industry experience and skills development. It addresses the gap between classroom learning and employers' expectations of workplace readiness. Participation is not confined to academic qualifications, allowing youth to pursue fields of interest and gain hands-on professional learning. Strong internship performance may lead to full-time roles, while the scheme stresses responsible work where errors may affect quality, consumer safety and organisational reputation.
    August 17, 2026
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    SAFTA origin fraud in areca imports allegedly enabled improper duty exemption through false Bangladeshi-origin declarations.
    SAFTA preferential duty treatment for areca-nut imports was allegedly misused by falsely declaring goods originating in South-East Asian countries as Bangladeshi origin. Since areca nuts normally attract 100% basic customs duty, the scheme sought to obtain the full SAFTA exemption reserved for qualifying Bangladeshi goods meeting Rules of Origin requirements. The alleged mechanism included routing goods through Bangladesh, changing containers and bags, using improperly obtained Certificates of Origin, and facilitating clearance through importers, Customs Brokers and IEC holders. Investigative findings also indicated cash proceeds, hawala channels and dummy entities.
    August 17, 2026
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    FCNR(B) concessional swap facility closure may reduce temporary foreign-currency inflow support and heighten rupee weakness concerns.
    The Reserve Bank of India restricted its concessional swap facility for FCNR(B) deposits to deposits mobilised by August 31, advancing the earlier cut-off date. The facility was intended to encourage foreign-currency inflows, while banks mobilise such deposits through attractive interest rates. Market commentary indicated that existing inflows may support the rupee in the near term, but the curtailed availability of the facility could reduce this temporary cushion and increase depreciation risk.
    August 16, 2026
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    Temporary tariff suspension for earthquake recovery is sought to ease pressure on affected Colombian businesses.
    Temporary suspension of high tariffs on Colombian products has been sought to support business recovery following a severe earthquake declared a natural disaster. The request links tariff relief to economic disruption affecting businesses amid extensive destruction, injuries and missing persons. United States emergency assistance has been provided through food, shelter and health supplies, while no response to the tariff-suspension request had been reported.
    August 16, 2026
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    Port-led industrial development and direct export operations aim to expand logistics infrastructure, market access and trade connectivity.
    Mission Samudra is proposed as a port-led industrial and logistics development programme linked to the commencement of export-import operations at Vizhinjam seaport. It covers industrial clusters, new cities, port connectivity, logistics, development initiatives, programme management and capacity building. Direct export shipments are intended to improve overseas-market access and reduce transit time and logistics costs, particularly for small and medium enterprises. The framework also anticipates growth in warehousing, cold storage, container freight stations and logistics parks, supported by private participation and road and rail connectivity.
    August 16, 2026
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    Electric vehicle export diversification strengthens India's presence across European, Asia-Pacific and Latin American markets through expanding overseas demand.
    India's electric motor car exports expanded sharply in the first quarter of 2026-27, reflecting increased international acceptance and competitiveness of India-manufactured electric vehicles. Europe became the principal export destination, led by Spain and the United Kingdom, with further demand across several European markets. Exports also reached Asia-Pacific markets, Nepal and emerging Latin American destinations. This wider market presence reflects improving quality and safety standards, stronger integration into global electric-vehicle supply chains, and diversification of India's electric-vehicle export profile.
    August 16, 2026
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    LPG production preparedness requires refiners and upstream producers to maintain capacity and increase output during supply constraints.
    Government has established a standing LPG production preparedness framework under which refining companies, oil marketing companies and upstream producers may be directed to increase production during supply constraints. Companies must maintain adequate LPG storage, evacuation and transportation infrastructure and pursue technically and economically feasible production-enhancing measures. Written directions may prescribe production quantities and periods, including restrictions on alternative uses of input streams required for LPG. The production schedule is updated twice yearly to reflect new facilities and added capacity from infrastructure, technology and distribution improvements.
    August 16, 2026
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    Free trade agreement market access requires MSMEs, farmers and exporters to meet global quality standards.
    Free trade agreements expand market-access opportunities for Indian MSMEs, exporters and producers through reduced or eliminated import duties on traded goods. Textiles, machinery, medicines, seafood and agricultural products can access international markets where they meet global standards and remain competitively priced. Farmers and producers are encouraged to develop export-oriented products, including chemical-free agricultural produce, while MSMEs may use preferential trade access to support manufacturing, exports, employment and growth.
    August 15, 2026
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    Chemical-free farming can strengthen agricultural exports by meeting global standards and responding to rising international demand.
    Chemical-free farming is urged to meet growing global demand and expand agricultural exports. Agricultural products must meet global parameters to facilitate access to international markets, including markets opened through free trade agreements. Food processing, export-oriented farm production, and global branding of traditional cuisine, millets, spices, fruits and flowers are identified as important elements of agriculture and food production policy.
    August 15, 2026
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    Voluntary foreign asset disclosure allows eligible taxpayers to regularise overseas holdings with immunity from further tax, penalties and prosecution.
    FAST-DS permits eligible taxpayers to disclose specified undisclosed foreign assets, foreign income, and foreign assets omitted from return schedules. Undisclosed assets or income not previously offered to tax may be declared up to Rs 1 crore on payment of an effective 60 per cent levy, based on fair market value as of 31 March 2026. Assets already offered to tax, or acquired during non-resident status but omitted from the return schedule, may be declared up to Rs 5 crore on payment of a fee. Valid declarations provide immunity from further tax, penalty and prosecution, while declared amounts are excluded from total income.
    August 15, 2026
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    Global pharmaceutical leadership is urged through Indian firms achieving top-five status, supported by generic manufacturing and export capacity.
    Indian pharmaceutical companies are urged to attain representation among the world's five leading pharmaceutical firms, despite India's established position as a major producer of generic medicines. India has a broad manufacturing base, supplies generic medicines across numerous therapeutic categories, and exports to worldwide markets including highly regulated jurisdictions. Although pharmaceutical exports and the domestic market have expanded, Indian firms have not yet secured positions among the largest global companies. Greater international scale may be supported through acquisitions and expanded established-brand and branded-generic operations.
    August 15, 2026
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    Foreign asset voluntary disclosure permits eligible small taxpayers to regularise qualifying assets through tax, additional levy, and statutory immunity.
    FAST-DS permits eligible small taxpayers to voluntarily disclose specified foreign assets or foreign income. It covers undisclosed foreign assets or income not offered to tax, subject to an aggregate value threshold of Rs 1 crore, and certain foreign assets omitted from the relevant return schedule, subject to a Rs 5 crore threshold and prescribed fee. Payment comprises 30 per cent tax and an additional equal amount. Disclosed income or investment is excluded from total income, with immunity from further tax, penalty and prosecution under the Black Money Act for the disclosed asset or income.
    August 15, 2026
    Show AI Summary
    Free trade agreement opportunities require MSMEs to meet global standards and expand exports across textiles, machinery, medicines and seafood.
    Free trade agreements are presented as export-market opportunities for Indian MSMEs because they reduce or eliminate import duties on a substantial range of traded goods. MSMEs are urged to expand exports of textiles, machinery, medicines and seafood, including shrimp, by meeting global quality standards and offering products competitively. Their export role is linked to self-reliance and their significant contribution to manufacturing, exports, GDP and employment.
    August 15, 2026
    Show AI Summary
    Windfall gains tax on petroleum exports was reduced to support domestic fuel availability and limit export price advantages.
    Special additional excise duty (windfall gains tax) on exports of petrol, diesel and aviation turbine fuel was reduced from 15 August 2026. Petrol export duty was reduced to nil, and export-duty rates on diesel and ATF were lowered. Duty rates for petrol and diesel cleared for domestic consumption remained unchanged. The export-duty framework seeks to maintain domestic petroleum-product availability and limit export advantages arising from higher global crude oil prices amid West Asia tensions.
    August 15, 2026
    Show AI Summary
    Energy self-reliance drives diversified fuel sourcing, expanded offshore exploration, and domestic capacity to reduce geopolitical supply vulnerability.
    Energy security policy seeks to reduce exposure to geopolitical pressure and supply disruption caused by dependence on overseas fuel and strategic maritime routes. India is diversifying crude oil and LNG sourcing while strengthening domestic hydrocarbon production through offshore exploration, seismic surveys, exploratory drilling and shared infrastructure. Expanded access to sedimentary basins is intended to unlock domestic oil and gas resources. Wider piped natural gas coverage, solar generation, critical-mineral exploration, and nuclear and other non-fossil energy sources support the broader objective of energy self-reliance.
    August 14, 2026
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    Current account deficit widened as merchandise trade imbalance expanded, despite stronger services surplus, transfers, and positive capital inflows.
    India's current account deficit widened in June 2026, principally because merchandise imports increased faster than exports and expanded the merchandise trade deficit. A higher services surplus, increased net transfers and a narrower net income deficit provided partial offsets. Net capital inflows, including foreign direct investment and foreign portfolio investment, supported a positive overall monthly balance. During the April-June quarter, despite increased services surplus and net transfers, the overall balance shifted to a deficit as the merchandise trade deficit widened.
    August 14, 2026
    Show AI Summary
    Concessional foreign-currency swap facility closes early for new FCNR(B) deposits while ECB and OFCB access remains available.
    The concessional swap facility for FCNR(B) deposits encourages foreign-currency inflows and supports foreign-exchange liquidity. New FCNR(B) deposits eligible for the facility must be mobilised by 31 August 2026, while swaps for eligible deposits may be availed until 11 September 2026. The swap arrangement for External Commercial Borrowings and Overseas Foreign Currency Borrowings remains available until 31 December 2026.
    August 14, 2026
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    Insurance grievance redressal requires initial insurer complaint, prompt acknowledgement, and escalation through integrated monitoring channels when resolution remains unsatisfactory.
    Insurance policyholder grievances must first be raised with the concerned insurer, whose Grievance Redressal Officer and Board-level monitoring committee oversee redressal. Complaints received through digital channels, correspondence or call centres are recorded in the insurer's Complaints Management System, integrated with Bima Bharosa. Insurers must acknowledge complaints immediately and resolve them within 14 days. Where no response is received within a reasonable period or the response is unsatisfactory, policyholders may escalate through Bima Bharosa or designated helplines, email or physical correspondence.

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      Chandigarh University Launches New 11 Industry -Aligned Programs for 2025–26 Academic Session to Make Students Ready for Future Careers

      July 31, 2025

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      New-Age 7 UG & 4 PG Industry Collaborated Programs Feature Courses in Engineering, Business Management, Commerce & Economics CHANDIGARH, India, July 31, 2025 /PRNewswire/ -- As new-age courses aligned with emerging industry requirements play a crucial role in preparing students for successful careers in an ever-changing competitive global landscape, Chandigarh University is offering 11 new advanced specialized programs in the academic year of 2025-26. Designed to move beyond theoretical learning, these programs equip students with practical skills which are essential for solving real-world problems and step into future-ready careers. These newly introduced programs, including seven undergraduate (UG) and four postgraduate (PG) courses, are strategically aligned with emerging industry demands in critical emerging areas including Artificial Intelligence, Data science, Capital Markets, Global Business Management, Media and Entertainment Management and Strategic Human Resource. Industry Collaborated Engineering and Computer Application Programs in Emerging Technologies Chandigarh University is offering one new UG and two new PG programs in Computer Science and Engineering (CSE) and Computer Applications in most in-demand specializations of Artificial Intelligence and Data Science. In CSE, Chandigarh University is offering Bachelor of Engineering (Hons) with specialization in Artificial Intelligence in collaboration with Microsoft to shape the next generation of innovators and problem-solvers in intelligent systems. The program blends core principles of computer science with cutting-edge AI technologies, preparing students to design, develop and deploy smart solutions across diverse industries. With hands-on exposure, interdisciplinary projects and mentorship from experts, the AI specialization equips students with the skills to lead in a tech-driven future. Chandigarh University is offering two PG programs in CSE and Computer Applications with specialization in Data Science. In CSE, Chandigarh University is also offering Master of Engineering (ME) with specialization in Data Science. This program imparts advanced skills in data analysis, machine learning and big data technologies by integrating in-depth theoretical knowledge with hands-on experience. This program equips students to become highly sought-after tech professionals, ready to tackle the challenges of the rapidly evolving data science landscape with cutting-edge programming skills, expertise in big data technologies and advanced visualization mastery. In Computer Applications, Chandigarh University is offering a new course MCA Data Science in collaboration with Intel, the global leader in manufacturing of of semiconductorcomputer circuits. This program empowers aspiring data scientists by enhancing their academic knowledge and technical skills in key areas such as data visualization, artificial intelligence, machine learning, and programming. Industry Collaborated Business Management Programs In Business Management, Chandigarh University is offering three new PG and one UG programs in this academic session to equip students with skills essential for navigating the complexities of contemporary business management, offering a diverse array of professional opportunities. Chandigarh University is offering Master of Business Administration (MBA) in Capital Markets program in collaboration with the National Institute of Securities Markets (NISM), an educational initiative by the Securities and Exchange Board of India (SEBI), the regulator of the securities markets in India. The MBA Capital Markets combines robust managerial education with specialized market knowledge, preparing graduates for leadership roles in the financial sector. With additional certifications from the esteemed NISM, students gain a competitive edge for a dynamic career in the financial sector. Chandigarh University is offering a new program, Master of Business Administration (MBA) in Global Business Management in collaboration with global professional services firm KPMG. Powered by SkillLabs at Chandigarh University, this MBA program aims to equip future leaders with the necessary skills to navigate the complexities of a globalised economy. This program provides unparalleled industry insights and hands-on learning opportunities in global trade practices and international business strategies. Chandigarh University is offering a new program, MBA in Media and Entertainment Management to prepare students for bright careers in the dynamic world of media, digital content and entertainment business.This industry-collaborated MBA program equips students with knowledge and skills in multiple domains, including media management, digital marketing, content production, and entertainment business strategies. This academic session, Chandigarh University is also offering a program, Bachelor of Business Administration (BBA) in Strategic Human Resource. This BBA program is a pioneering undergraduate program designed for the next generation of HR leaders who want to harness the power of AI, automation and data analytics to revolutionize workforce management with cutting-edge tools, global certifications and real-world HR strategies. Industry-Collaborated Commerce Programs Chandigarh University is offering three new cutting-edge UG programs in the commerce stream for bright careers. Bachelor of Commerce (Honours) in Capital Markets program is being offered in collaboration with the National Institute of Securities Markets (NISM) to prepare future leaders in the financial sector. With additional NISM certifications in Mutual Fund Distributor, Security Market Foundation, Equity Derivative, stock trading expertise and practical experience in financial markets, this program helps students gain advanced financial knowledge, practical expertise, and industry-relevant skills, providing the perfect platform to build a thriving career in finance and securities. Chandigarh University is offering B.Com (H) in Applied Finance and Analytics in collaboration with Grant Thornton, a leading multinational company providing assurance, tax and advisory services. Besides an in-depth understanding of finance, analytics, and cutting-edge technologies, students will master essential financial tools such as Excel, Python, Power BI, Busy, Tableau, Generative AI and ERP systems like SAP under this program to prepare for the challenges and opportunities in the evolving global financial landscape. Chandigarh University is also offering B.Com in Applied Finance and Analytics in Collaboration with Grant Thornton with an additional qualification of ACCA (the Association of Chartered Certified Accountants), a global body for professional accountants. Under this program, the additional opportunity to pursue ACCA equips students with expertise in global financial reporting, taxation, auditing, and management accounting, further enhancing their proficiency in the finance and accounting domains. New Programs in Humanities Chandigarh University is also offering two new programs -- 1 PG and 1 UG -- in humanities with future scope in the forthcoming years. Chandigarh University is offering Master of Arts (MA) degree in Economics for a comprehensive understanding of economic theory, empirical analysis, policy implications, Mathematics, Statistics, Econometrics, Data Analytics, and Public Policy. It includes the study of contemporary economic theories blended with a real-time hands-on learning experience. Specializations in Economic Analytics, Public Policy and Governance, Financial Economics are offered to students pursuing M.A. in Economics at Chandigarh University. Chandigarh University is also offering Bachelor of Arts (Hons./Hons. with Research) in Social Work to equip students with the knowledge, skills, and ethical foundations required to address social challenges and drive meaningful change. This program fosters empathy, critical thinking, and problem-solving abilities—qualities highly valued in the field of social work. About Chandigarh University Chandigarh University is a NAAC A+ Grade University and QS World Ranked University. This autonomous educational institution is approved by UGC and is located near Chandigarh in the state of Punjab. It is the youngest university in India and the only private university in Punjab to be honoured with A+ Grade by NAAC (National Assessment and Accreditation Council). CU offers more than 109 UG and PG programs in the field of engineering, management, pharmacy, law, architecture, journalism, animation, hotel management, commerce, and others. It has been awarded as The University with Best Placements by WCRC. Website address: https://www.cuchd.in/ (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI

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