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    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
    Forex kitty jumps USD 14.14 bn to USD 707 bn in one of the biggest weekly expansions
    PROVISIONAL ESTIMATES OF WHOLESALE PRICE INDEX, OUTPUT PRODUCER PRICE INDEX, AND TRIAL INPUT PRODUCER PRICE INDEX FOR THE MONTH OF JULY 2026, AND FINA...
    Logistics Data Bank Tracks 10 Crore EXIM Containers, Provides Visibility across Logistics Chain
    APEDA and Government of Tripura Organise International Organic Buyer-Seller Meet to Expand Global Market Linkages
    WPI inflation eases to 9.78 pc in July on softening in fuel prices
    IDFC FIRST Bank secures its first international rating with Investment Grade from S&P Global Ratings
    DRI busts illegal drug manufacturing facility in Jewar, UP; 30 kg drugs seized and two persons arrested
    UCO Bank launches IFSC Banking Unit at GIFT City
    Banking sector has key role to play as India on way to become 3rd largest economy: Gujarat CM
    India's exports to US rise 12.85 pc in Jul; shipments to China jump 64.57 pc: Govt data
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    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
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    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
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    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
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    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
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    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.
    August 14, 2026
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    Foreign exchange reserve growth reflects increases in foreign currency assets, gold holdings, special drawing rights, and IMF reserve position.
    India's foreign exchange reserves rose to USD 707.002 billion for the week ended 7 August 2026. The increase comprised higher foreign currency assets, gold reserves, special drawing rights and the reserve position with the IMF. Foreign currency asset valuation incorporates appreciation or depreciation of non-US currencies held in reserve assets. Measures including the FCNR(B) scheme were introduced to attract additional foreign exchange inflows.
    August 14, 2026
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    Wholesale and producer price indices show July inflation movements, provisional estimates, final revisions, and manufacturing input-price trends.
    Wholesale Price Index, Output Producer Price Index, and trial Input Producer Price Index estimates under the 2022-23 base-year series set out provisional July 2026 measures and final May 2026 revisions. All-commodities WPI stood at 110.0 in July 2026, with year-on-year inflation of 9.78 per cent. The all-commodities Output PPI was unchanged at 109.9, while the trial Input PPI for manufacturing was provisionally estimated at 105.9. Final May WPI, Output PPI and trial Input PPI measures were revised from their respective provisional estimates.
    August 14, 2026
    Show AI Summary
    Logistics data visibility enables EXIM container tracking, operational analytics and multimodal shipment monitoring across India's logistics chain.
    Logistics Data Bank provides near real-time visibility of India's EXIM container movement through technology-based tracking and stakeholder monitoring tools. RFID-based coverage extends across ports, terminals, inland logistics facilities, rail networks, industrial zones, borders and highways. The platform uses RFID, Internet of Things, Big Data and Cloud technologies, with analytics on dwell time, transit time, and port and terminal performance to identify logistics bottlenecks. LDB 2.0 adds high-seas tracking of export containers and multimodal shipment visibility.
    August 14, 2026
    Show AI Summary
    International organic buyer-seller linkages support Tripura producers through direct sourcing engagement, market access and sustainable export opportunities.
    International Organic Buyer-Seller Meet in Tripura created a direct platform for organic producers, Farmer Producer Organisations, exporters and international buyers to explore sourcing opportunities, market requirements and long-term commercial linkages. Organic and naturally produced goods, including Queen Pineapple, GI-tagged Kalikhasa Rice, organic ginger and turmeric, black sesame, jackfruit and scented lemon, were showcased through product displays and producer interactions. The initiative seeks to strengthen global market access, sourcing partnerships and income opportunities for organic farmers.
    August 14, 2026
    Show AI Summary
    Wholesale price inflation moderation was driven by softer fuel prices, while manufactured goods and primary articles recorded higher inflation.
    Wholesale price inflation moderated in July, led by a decline in fuel and power inflation and a marginal easing in food-article inflation. Inflation in manufactured products and primary articles increased, making the moderation uneven across groups. Mineral oils, food articles, basic metals, non-food articles, food products, and chemical products remained significant inflation drivers. The output Producer Price Index remained unchanged year-on-year, with lower manufacturing and mining inflation offset by higher agriculture and electricity producer-price inflation.
    August 14, 2026
    Show AI Summary
    International investment-grade issuer ratings support expanded foreign-currency funding, trade finance, correspondent banking and cross-border financial market access.
    IDFC FIRST Bank's inaugural international investment-grade issuer credit ratings, with a stable outlook, are expected to improve access to international funding markets and global financial counterparties. The rating is intended to support standby letter of credit lines, foreign-currency funding through its GIFT City International Banking Unit, mobilisation of FCNR(B) deposits, correspondent banking relationships and cross-border trade finance. Strong capitalisation, improving profitability, stable asset quality and a granular retail funding profile underpin the outlook.
    August 14, 2026
    Show AI Summary
    Clandestine psychotropic drug manufacturing faces enforcement targeting precursor chemicals, concealed laboratories, illicit production networks and trafficking operations.
    Enforcement action against clandestine manufacture of psychotropic substances led to the detection of a residential drug-production facility. Searches recovered amphetamine and intermediary forms, precursor chemicals, reagents, raw materials, and manufacturing equipment. Field testing indicated the presence of amphetamine, a psychotropic substance regulated under the Narcotic Drugs and Psychotropic Substances Act, 1985. The recovered apparatus and materials indicated illicit manufacture, while preliminary investigation pointed to short-term, intermittently operated facilities intended to conceal production activities.
    August 13, 2026
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    International banking unit expands cross-border financing, trade finance and foreign-currency service access through GIFT City operations.
    UCO Bank has launched an International Financial Services Centre Banking Unit at GIFT City to provide permitted international banking services. The unit offers trade finance, external commercial borrowings, foreign-currency loans, loan syndication, treasury services and other permitted financial services. It serves Indian corporates, exporters, importers, financial institutions, overseas businesses and other eligible customers requiring cross-border financing and access to global financial markets. FCNR(B) deposits are also offered through the unit.
    August 13, 2026
    Show AI Summary
    Last-mile credit access is prioritised through timely lending, wider beneficiary coverage, digital support and stronger fraud vigilance.
    Banking-sector participation is emphasised through last-mile credit access for MSMEs, women entrepreneurs, rural artisans, small farmers and other underserved beneficiaries. Banks are urged to expedite government-scheme applications, maximise coverage and use technology for timely financial support. Industrial-policy assistance and incentives cover startups, SC/ST entrepreneurs, persons with disabilities and first-generation entrepreneurs. Greater coordination, expanded village banking access, and vigilance against cyber fraud and mule accounts are also prioritised.
    August 13, 2026
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    Merchandise trade growth saw rising exports to major markets alongside increased imports and continuing United States trade-pact negotiations.
    India's merchandise trade data records increased July exports to the United States and China, alongside growth in imports from both markets. Exports to Singapore, the United Arab Emirates, the Netherlands, Germany, South Africa, Tanzania, Australia, Malaysia, Sri Lanka, Italy and Vietnam showed positive growth, while July exports declined for the United Kingdom, Bangladesh, Saudi Arabia and Nepal. Imports also increased from Russia, Korea, Singapore, Germany, Oman, Malaysia, Taiwan and Brazil. India and the United States are negotiating a trade pact amid an additional United States tariff on India.

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      Chandigarh University Commemorates 75 Years of India-Nepal Close Friendship & Shared Cultural Ties with the Launch of Indo-Nepal Maitri Scholarship

      August 19, 2025

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      745 Chandigarh University Students from Nepal Secured Job Placement Offers in Leading Firms Kathmandu, Nepal (NewsVoir) To empower the academic aspirations of students from Nepal, Chandigarh University has launched the Indo-Nepal Maitri Scholarship 2025-26, offering academic scholarship upto 50 percent (fee waiver) to meritorious students, opening doors to quality higher education by fostering academic collaboration between the two countries. The scholarship was unveiled by Ghanshyam Bhandari, Minister for Social Development, Nepal in the presence of Ammar Bahadur Thapa, Member of Parliament, Pratinidhi Sabha, Chairperson, Education, Health and IT Committee, Advisor to Chancellor Chandigarh University, Prof (Dr) RS Bawa and Executive Director, International Affairs Chandigarh University, Rajan Sharma among other dignitaries here in Kathmandu, Nepal. Chandigarh University has allocated an annual budget of Rs 9.40 crore under the Indo-Nepal Maitri Scholarship for students aspiring to take admission at both campuses including CU Mohali and CU Lucknow. Addressing the press conference, Advisor to Chancellor of Chandigarh University, Prof (Dr) RS Bawa said, “India plays a significant role in helping Nepali students access quality global education by offering scholarships, exchange programs and academic collaborations. While the close historical and cultural ties between India and Nepal goes as far back as 3,000 years but in the modern era, both nations’ official ties date back to the signing of the 1950 Treaty of Peace and Friendship, making them about 75 years old in 2025. India has always played the role of a Big Brother in assisting Nepal across various fields, including science, healthcare, infrastructure, power, education, defence, airports and railways, agriculture, disaster relief, as well as cultural and religious cooperation. Celebrating the 75 years of Indo-Nepal friendship, peace and love, Chandigarh University has announced Indo-Nepal Maitri Scholarship worth Rs 9.40 crore annual scholarship to empower the academic dreams of meritorious students from Nepal.” Prof Bawa added, “Pursuing quality higher education from a prestigious university is a dream often marred by financial constraints that coerce many students to discontinue their academic journey midway every year. To give wings to the academic dreams of students from Nepal who cannot afford to bear financial burden for their higher education, Chandigarh University has introduced Indo-Nepal Maitri Scholarship Scheme 2025-26, offering upto 50 percent scholarship to meritorious students of Nepal.” Dr (Prof) Bawa added, “This scholarship scheme is dedicated to the strong and longstanding educational and cultural ties shared between the two neighboring nations. This scholarship is primarily aimed at rewarding the meritorious students from Nepal with financial support to get quality higher education at one of India’s premiere higher educational institutions.” Prof Bawa further added, “Education is the most powerful instrument to build bridges of friendship and prosperity between nations. The Indo-Nepal Maitri Scholarship Scheme is a tribute to the deep-rooted friendship between India and Nepal. By rewarding merit and providing financial assistance, we aim to empower the youth of Nepal with world-class education and career opportunities. Our commitment is not only restricted to academic excellence, but it ventures beyond to nurture future-ready global citizens who contribute positively to their communities and world at large.” Sharing enrollment details of Nepal students at Chandigarh University, Prof. Dr. Bawa said, “Since its establishment in 2012, Chandigarh University has always remained one of the most preferred destinations for Nepalese students. As many as 1,265 students from Nepal have enrolled themselves in different academic domains including 450 in Engineering, 240 in Hotel Management and 180 in Management domains among others to pursue their higher education at Chandigarh University Mohali campus This diverse representation reflects the university’s multidisciplinary approach and its appeal across different streams of study.” On the eligibility criteria to avail the scholarship, Prof. Dr. Bawa said, “Any student from Nepal who have passed the Grade 12 exams under National Examinations Board of Nepal would be eligible to avail upto 50 percent scholarship on tuition fee. All 1265 students who had enrolled in different academic domains at Chandigarh University have received scholarships from the varsity in the past.” While sharing details regarding the stellar job placement record of Nepal students, Prof. Dr. Bawa said, “As many as 932 students from Nepal who had enrolled in various academic domains at Chandigarh University have successfully graduated, out of which 745 students have secured placements in leading firms. Out of these around 70 percent of students which accounts for 521 students who have secured lucrative job offers from top firms in Nepal itself while the rest of them have embarked on successful careers in Indian firms which clearly highlights the strong employability and industry network of Chandigarh University.” “Suman Paudel, a native of Nepal who pursued BE CSE Honors Cloud Computing (2017), secured job offer as Senior AI Engineer at Leapfrog Technology (top 3 companies in Nepal) with an annual package of Rs 25 lakh. Abhishek Anand, another native of Nepal who completed BE in CSE and MBA in Marketing & Finance (Integrated) at Chandigarh University who is currently working as Lecturer and Research & Development Head, Islington College, Kathmandu, Nepal with an annual salary package of Rs 12.06 lakh. Dhrub Kumar Das, a native of Nepal who pursued ME Civil Engineering, Construction Technology & Management (2021) at Chandigarh University Mohali, secured a job offer from Sanmei Co Ltd Japan as CAD Design Engineer with an annual package of 3.8 million Yen (Rs 22.51 lakh),” added Prof Bawa. Talking about the consistent rise of Chandigarh University in world university rankings, Prof Bawa said, “Based on its outstanding performance in the recent edition of QS World University Ranking -2026, CU has joined the elite league of world’s top 2 percent among all international universities across the globe. CU has secured 16th Rank among all public and private institutes in the country in the coveted ranking. In the QS Asia University Ranking, CU has been ranked 1st among all Indian Private universities in the coveted QS Asia Rankings 2025. This recognition underscores the university’s commitment to offering a curriculum aligned with global standards, a robust industry interface and cutting-edge infrastructure that benefits international students.” Prof Bawa further said that the details regarding Chandigarh University’s efforts to provide a supportive environment for Nepalese students, including dedicated international student services, cultural integration programs and career development initiatives designed to enhance employability. 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: www.cuchd.in Image: Chandigarh University officials along with Nepal’s Social Development Minister Ghanshyam Bhandari at the launch of Indo-Nepal Maitri Scholarship in Kathmandu, Nepal (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI

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