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    Rupee settles with 5 paise gain at 95.17 against US dollar
    India weathered Hormuz disruption without fuel shortages: Puri
    RBI invites public comments on the draft Directions on ‘Credit Valuation Adjustment (CVA) Framework’
    RBI invites comments on the draft “Reserve Bank of India (Commercial Banks – Prudential Norms on Capital Adequacy) Eleventh Amendment Directions, ...
    87 Proposals Received under BHAVYA Scheme during First Round of Phase-I
    India successfully concludes the 16th BRICS Trade Ministers' Meeting in Jaipur under its BRICS Chairship 2026
    GeM Completes a Decade of Transforming Public Procurement with Cumulative GMV Exceeding ₹20 Lakh Crore
    NEWS HIGHLIGHTS
    India's forex kitty swells by USD 10.5 bn to USD 692.87 bn
    Rs 5,000 cr credited to 6.22 lakh Maharashtra farmers so far under loan waiver scheme: Fadnavis
    SBI Life and J&K Bank partner to bring comprehensive life insurance solutions closer to families across India
    DRI intensifies vigil along India's North-Eastern Frontier
    Vijayan slams Kerala govt's move to end doorstep pension delivery through cooperative banks
    Kerala to stop welfare pension delivery through cooperative banks, shifts to DBT
    China's exports slow slightly in July despite robust demand for high-tech products
    India successfully concludes the Tenth BRICS Industry Ministers' Meeting in Jaipur under its BRICS Chairship 2026
    APEDA Organises BIOFACH INDIA 2026 to Promote India's Certified Organic Products and Expand Global Market Access
    RBI bars banks from disabling mobile devices of defaulting borrowers
    Par panel for early conclusion of India-US trade pact, tariff exemptions on key goods
    No commitments relating to ethanol import from US for fuel blending under FTA talks: Govt
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    August 7, 2026
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    Foreign capital inflows supported the rupee despite geopolitical uncertainty, oil-price pressures, and volatile global market sentiment.
    Foreign capital inflows supported a marginal strengthening of the rupee against the US dollar despite global risk aversion arising from uncertainty surrounding negotiations affecting the Strait of Hormuz. Higher crude oil prices and weak domestic equity sentiment remained relevant pressures. Near-term currency movement was expected to depend on developments in the negotiations, weekend decisions, US employment data, the dollar index, crude oil prices, and the reported increase in foreign exchange reserves.
    August 7, 2026
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    Energy security through diversified sourcing protected fuel supplies during Hormuz disruption and supports domestic exploration and alternative fuels.
    Energy security measures based on diversified crude oil and LPG sourcing, expanded infrastructure, increased domestic LPG production and alternative fuels were presented as maintaining fuel availability during disruption of shipping through the Strait of Hormuz. Domestic resilience is also linked to support for private deep-water oil and gas exploration, opening offshore acreage, and expansion of compressed biogas and ethanol blending. Ethanol-blended petrol testing identified limited contamination instances rather than a systemic issue, while excise duty reductions were described as cushioning consumers against global fuel-price volatility.
    August 7, 2026
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    Credit valuation adjustment framework revises derivative capital requirements through flexible basic approaches, hedge recognition, and risk-sensitive counterparty treatment.
    Credit Valuation Adjustment framework revisions align CVA capital treatment with final Basel III standards. Eligible banks may use the full or reduced basic approach, while banks with an insignificant volume of non-centrally cleared derivatives may calculate their CVA capital charge at 100 per cent of the counterparty credit risk capital charge. The draft also clarifies CVA hedge recognition, introduces risk weights sensitive to sector and credit quality, and separates systematic and idiosyncratic CVA risk in the full basic approach.
    August 7, 2026
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    Leverage ratio framework amendments propose Basel-aligned capital adequacy standards, with public feedback invited on the draft directions.
    Proposed amendments to the leverage ratio framework would revise Chapter VII of the 2025 Commercial Banks Prudential Norms on Capital Adequacy Directions to implement the Basel Committee's Leverage Ratio 2017 Standard. Public comments and feedback on the draft Eleventh Amendment Directions, 2026, are invited until August 28, 2026, through the designated online platform, postal submission, or email.
    August 7, 2026
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    BHAVYA Scheme project selection uses challenge-based evaluation of infrastructure, industrial ecosystems, and policy enablers under prescribed eligibility criteria.
    BHAVYA Scheme Phase-I proposals submitted by State and Union Territory governments will be evaluated and scored under prescribed eligibility and evaluation criteria. Challenge-based project selection considers connectivity and site suitability, quality of core, value-added and social infrastructure in the detailed project report, and the industrial ecosystem and policy enablers. The Scheme guidelines provide for completion of the first-phase selection process within one year from notification.
    August 7, 2026
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    Multilateral trade cooperation preserves developing economies' policy space while advancing MSME finance, diversified value chains and digital services.
    BRICS ministers adopted measures supporting a development-centred multilateral trading system with the World Trade Organization at its core, preservation of Special and Differential Treatment, binding two-tier dispute settlement, and developing economies' policy space for food security and public stockholding. MSME measures include study of an invoice discounting mechanism and credit-assessment principles focused on cash flow rather than collateral. Value-chain measures provide for a GVC Action Plan, technical cooperation, Special Economic Zone cooperation and digitised trade documents, alongside principles for trusted cross-border digitally delivered services.
    August 7, 2026
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    Digital public procurement promotes transparent sourcing, reduced seller charges, competition monitoring and evidence-based spending oversight through an integrated marketplace.
    Government e-Marketplace digitises public procurement through a unified platform promoting transparency, efficiency, good governance and wider supplier participation. Seller-facing measures include reduced transaction charges, exemption of smaller orders, a cap on maximum transaction fees and reduced vendor assessment fees. The platform uses Artificial Intelligence and Machine Learning tools to identify suspected cartelisation, collusion and order splitting, while its digital transactional trail supports expenditure monitoring, identification of inefficiencies and evidence-based policy interventions.
    August 7, 2026
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    Criminal justice, extremist-material regulation and administrative schemes feature in reports on prosecutions, demolition practices, loan waivers and fuel policy.
    Criminal justice reports cover bail and an expedited trial in an assault prosecution, arrest for allegedly sheltering an accused, allegations of rape and murder of a minor, and claimed irregularities in a police recruitment examination. Regulatory developments include a ban on extremist literature associated with proscribed organisations and judicial disapproval of coercive demolition. Administrative coverage includes farmer loan-waiver transfers following Aadhaar authentication and debate over the E20 fuel-blending programme.
    August 7, 2026
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    Foreign exchange reserves rose as foreign currency assets, gold holdings, Special Drawing Rights and IMF reserve position increased.
    India's foreign exchange reserves increased during the week ended July 31, principally because of higher foreign currency assets and gold reserves. Foreign currency assets include US dollar valuation effects arising from movements in currencies such as the euro, pound and yen. Special Drawing Rights and India's reserve position with the International Monetary Fund also increased. The movement followed measures to attract foreign exchange inflows, including an FCNR(B) measure, after earlier reserve declines associated with rupee pressure and dollar sales for foreign exchange market intervention.
    August 7, 2026
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    Farm loan waiver eligibility depends on verified beneficiary status and Aadhaar authentication for direct credit of eligible crop-loan relief.
    The farm loan waiver scheme covers eligible short-term crop loans within the prescribed ceiling and eligibility period. Waiver amounts are credited to verified bank accounts after field verification and completion of Aadhaar authentication. Aadhaar authentication is the operative condition for automatic processing of benefits, while eligibility rules and technical conditions have raised concerns about exclusion of distressed farmers.
    August 7, 2026
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    Corporate agency distribution expands access to life insurance products, supporting insurance awareness, financial inclusion and long-term household financial protection.
    A corporate agency arrangement enables J&K Bank to distribute SBI Life Insurance protection, savings, retirement and child-oriented life insurance plans through its branch network. The partnership aims to improve insurance access, awareness, financial literacy and long-term financial planning for households, particularly in Jammu & Kashmir and Ladakh. It is intended to expand insurance penetration, strengthen household financial protection and support financial inclusion in line with the IRDAI vision of "Insurance for All by 2047".
    August 7, 2026
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    Cross-border smuggling controls target narcotics, poppy seeds and areca nuts entering through the Indo-Myanmar border region.
    Cross-border smuggling enforcement targeted methamphetamine, foreign-origin poppy seeds and areca nuts allegedly brought from Myanmar. Methamphetamine concealed in an ambulance was seized under the NDPS Act, 1985. Poppy seeds and areca nuts recovered in separate operations were seized under the Customs Act, 1962. Poppy-seed imports are restricted to designated countries and require registration to ensure traceability and prevent illicit produce entering legitimate supply chains. The enforcement action addresses circumvention of customs controls and regulated import requirements.
    August 7, 2026
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    Direct benefit transfer for welfare pensions replaces cooperative-bank doorstep delivery, while retaining limited home service for excluded beneficiaries.
    Direct Benefit Transfer for social security and welfare pensions is to be made through Aadhaar-linked bank accounts, replacing cooperative-bank doorstep delivery. Home delivery remains available for bedridden persons and others who cannot be excluded. The change is associated with delays in remitting undistributed amounts, record-update failures, reconciliation issues, duplicate payments, and incomplete Aadhaar-based payment implementation. Concerns have been raised that mandatory bank-account credit may disadvantage beneficiaries dependent on doorstep delivery.
    August 7, 2026
    Show AI Summary
    Direct Benefit Transfer for welfare pensions replaces doorstep cooperative-bank delivery, while home delivery remains for bedridden beneficiaries.
    Direct Benefit Transfer of social security and welfare pensions is to be made mandatory through Aadhaar-linked bank accounts, replacing cooperative-bank doorstep distribution. Home delivery continues for completely bedridden beneficiaries and others who cannot be excluded. The change addresses delays in remitting undistributed amounts, record-update and reconciliation deficiencies, duplicate payments linked to incomplete Aadhaar-based payments, delivery incentive costs, and the need to comply with Direct Benefit Transfer norms to avoid loss of central financial assistance.
    August 7, 2026
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    Customs trade data show moderating July growth while high-technology exports, vehicles and advanced manufacturing supplies remain strongly supported.
    Customs and trade data showed that China's July export and import growth moderated and its trade surplus narrowed from the preceding month. Typhoon-related port disruptions affected trade flows, but demand for electronics and green technology products supported elevated values. High-technology items, vehicles, electronics and machinery recorded strong January-July export growth, while trade performance varied among the United States, the European Union and Southeast Asia.
    August 7, 2026
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    BRICS industrial cooperation advances MSME, photovoltaic, startup and logistics frameworks alongside resilient trade and digital services collaboration.
    BRICS industrial cooperation under PartNIR was strengthened through a Joint Declaration and institutional measures addressing MSMEs, photovoltaics, startup-led innovation, and resilient transport and logistics. The measures include an SME cooperation framework, Terms of Reference and an Action Plan for photovoltaic industry cooperation, and a startup innovation action plan. Trade discussions focused on the multilateral trading system, MSME participation in international trade, resilient global value chains, and cross-border digitally delivered services within a rules-based trading framework.
    August 7, 2026
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    Certified organic export promotion: BIOFACH INDIA facilitates buyer-seller engagement, certification awareness, traceability discussions and international market access.
    BIOFACH INDIA 2026 promotes certified organic exports by providing a platform for Indian organic enterprises to showcase diverse certified products and engage with overseas buyers through structured Buyer-Seller Meets. Technical sessions address organic certification, traceability, sustainability, quality standards, international regulatory requirements and export-market expectations. The initiative supports quality assurance, international market access, export linkages and sustainable agricultural practices across the organic value chain.
    August 6, 2026
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    Device-based loan recovery restrictions protect essential mobile functions while permitting gradual locking only for lender-financed devices.
    Technology-based recovery mechanisms cannot restrict or disable a borrower's mobile device unless the bank financed acquisition of that device. Where permitted, banks must adopt a gradual approach and preserve essential functions, including incoming calls, SMS access, and emergency SOS features. Regulated entities and service providers must obtain manufacturer or operating-system certification for device-locking technology. Disclosure of borrower or guarantor information to recovery personnel must be limited to what is necessary for loan-recovery duties.
    August 6, 2026
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    Bilateral trade agreement negotiations should secure tariff certainty, protect key exports, strengthen supply chains, and support vulnerable small industries.
    An early Bilateral Trade Agreement is proposed to protect Indian interests, secure tariff exemptions for key exports, reduce barriers affecting industrial products, and create predictable trade conditions. Recommended measures include financial and export-credit support for small industries, real-time monitoring of customs requirements, documentation assistance, and timely policy support against tariff and non-tariff barriers. Export strategy should develop knowledge services and critical supply-chain integration, while a National Fund should assist suppliers with redesign, tooling, certification and entry into new global supply chains.
    August 6, 2026
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    Ethanol imports for fuel blending remain excluded from trade commitments, with domestic producers continuing to supply the blending programme.
    Ethanol imports for fuel blending remain outside concessions or commitments in India-US trade discussions. Under the Ethanol Blended with Petrol Programme, ethanol procurement is governed solely by domestic policy requirements and is sourced entirely from domestic producers. Claims of existing or intended large-scale ethanol imports from the United States for fuel blending, or of a policy change permitting them, are stated to be baseless.

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      O.P. JINDAL GLOBAL UNIVERSITY AWARDED 5-STARS IN GLOBAL QS STARS RATINGS 2025 AT HOUSE OF LORDS, LONDON

      September 25, 2025

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      London, 25 September 2025: At the exclusive India–UK Roundtable on “The Innovation Corridor: UK–India Higher Education” held at the House of Lords, Palace of Westminster, on 24 September 2025, O.P. Jindal Global University JGU) was conferred the prestigious Global QS 5 Stars Rating Certificate. The certificate was presented to Professor (Dr.) C. Raj Kumar, Vice Chancellor, JGU by Ms. Jessica Turner, CEO of QS, in the distinguished presence of The Lord Patel of Bradford OBE, and Dr. Ashwin Fernandes, Regional Director, QS, Dr. Pankaj Mittal, Secretary General, Association of Indian Universities, and Professor Padmanabha Ramanujam, Dean, Academic Governance, JGU among other distinguished dignitaries including more than 25 Vice Chancellors and Presidents of leading UK and Indian universities.

      The QS Stars system evaluates universities on over 50 indicators, and JGU’s outstanding performance was recognised for teaching, online learning, employability, arts & culture, sustainability, and governance, research and law and legal studies. This recognition reaffirms JGU’s global standing as a comprehensive, world-class institution of higher education committed to innovation, quality, and international collaboration. Receiving this accolade at such a historic venue symbolises not just JGU’s achievements, but also its pivotal role in strengthening India–UK academic ties and shaping the future of higher education worldwide.

      O.P. Jindal Global University (JGU) has been awarded 5-Star Excellent Ratings (overall) in the Global QS Stars Ratings 2025 – a prestigious global system that evaluates universities across multiple dimensions of teaching, research, employability, governance, sustainability and more. JGU has been recognised with an overall 5-Star Excellent Rating, affirming its position as one of the world’s leading universities.

      QS Stars uses a comprehensive framework to rate and showcase university performance across a range of criteria, offering a multidimensional perspective of excellence in higher education.

      In addition to this overall distinction, the QS evaluation recognised JGU with: • 5 Stars: Teaching, Online Learning, Employability, Environmental Impact, Arts & Culture, Good Governance, Global Engagement • 4 Stars: Law & Legal Studies, Research Welcoming this global honour, Mr. Naveen Jindal, Chancellor & Benefactor of JGU, said: “This proud recognition reflects our vision of building a world-class institution in India. It reaffirms JGU’s commitment to excellence, innovation, and global engagement—values that are deeply aligned with the aspirations of our nation.” Professor (Dr.) C. Raj Kumar, Founding Vice Chancellor of JGU, added: “This achievement underscores the breadth of our strengths and the holistic nature of our academic ecosystem. This recognition is not the product of one effort but the lived ethos of our community. Over 16 years, we have grown from an aspiration into an Institution of Eminence—defined by academic excellence, vibrant culture, sustainability, innovation, and global engagement. It is a testament to the visionary leadership and generosity of our Chancellor and Benefactor, Mr. Naveen Jindal, whose commitment and philanthropy laid the foundation for JGU’s journey. It belongs equally to our faculty members who inspire and mentor, our administrative staff who ensure operational excellence, our students who embrace challenges with resilience and creativity, and our alumni who carry forward JGU’s values into the world.” Commenting on this distinction achieved by JGU, Dr. Ashwin Fernandes, Executive Director, QS observed, “JGU’s 5-Star Excellent Rating is a clear recognition of its holistic strengths across teaching, research, employability, sustainability, governance, and global engagement. Very few institutions in the world achieve this distinction, and JGU’s accomplishment reflects both its academic vision and its commitment to global benchmarks. It is also a signal of India’s growing presence on the global higher education map, with universities like JGU leading the way." Professor Padmanabha Ramanujam, Dean of Academic Governance, JGU, remarked: “The QS Stars recognition is a validation of our commitment to institutional integrity, accountability, and global benchmarks. It reflects JGU’s resolve to consistently strengthen its governance systems and uphold the highest standards in higher education.” Key Highlights of the QS Stars Evaluation Teaching (5 Stars): From a small founding faculty to over 1,100 professors, scholars, and practitioners, JGU’s growth in human capital reflects its unwavering commitment to academic quality. This year alone, 129 new world-class faculty members joined JGU, representing what experts call “a historic leap in Indian higher education.” High student satisfaction, personalised mentoring, and impressive retention rates reflect the university’s culture of nurturing talent and fostering intellectual growth.

      Online Learning (5 Stars): Through JGU Online, learners access world-class degree programmes and certifications with the same academic rigour as on-campus offerings. Features such as live and recorded lectures, COIL-based global collaborations, inclusive design, career support, and 24/7 student services have set new benchmarks in digital learning excellence.

      Employability (5 Stars): JGU graduates are recognised worldwide for their impact, leadership, and practical skills. This rating validates JGU’s focus on preparing students not just for their first job, but for sustained success and leadership across their careers.

      Environmental Impact (5 Stars): Sustainability is embedded in JGU’s operations through responsible funding, procurement, and climate-conscious practices. The Office of Sustainability tracks and reduces emissions, minimises waste, and advances community engagement, while the Jindal School of Environment & Sustainability (JSES) drives research and innovation aligned with the UN Sustainable Development Goals.

      Arts & Culture (5 Stars): JGU fosters a thriving ecosystem where creativity and learning coexist. Initiatives like India’s first Constitution Museum and the Rights and Freedoms Academy deepen cultural awareness, civic learning, and global citizenship.

      Good Governance (5 Stars): The rating acknowledges JGU’s transparent, accountable, and inclusive governance practices that ensure excellence across both academic and administrative spheres.

      Global Engagement (5 Stars): With 575+ collaborations across 80+ countries, JGU has created one of the world’s most globalised academic ecosystems. Dual degrees, exchanges, and research partnerships make international education accessible, structured, and impactful.

      Law and Legal Studies (4 Stars): Jindal Global Law School (JGLS) has been ranked India’s No. 1 law school for six consecutive years in the QS World University Subject Rankings. With global collaborations, innovative curricula, and experiential learning, JGLS continues to strengthen India’s legal education landscape.

      Research (4 Stars): JGU has established dynamic research centres and think tanks addressing global challenges through interdisciplinary approaches. By balancing teaching and research, faculty remain at the forefront of knowledge creation while enriching student learning.

      and showcase university performance across a range of criteria.

      In addition to this overall recognition, the QS evaluation recognised JGU with: • 5 Stars: Teaching, Online Learning, Employability, Environmental Impact, Arts & Culture, Good Governance, Global Engagement • 4 Stars: Law & Legal Studies, Research Welcoming the distinction, Professor (Dr.). C. Raj Kumar, the founding Vice Chancellor of JGU said, “ This achievement underscores the breadth of our strengths and the holistic nature of our academic ecosystem. This recognition is not the product of one effort but the lived ethos of our community. Over 15 years, we have grown from an aspiration into an Institution of Eminence—defined by academic excellence, vibrant culture, sustainability, innovation, and global engagement. It is a testament to the visionary leadership and generosity of our Chancellor and Benefactor, Mr. Naveen Jindal, whose commitment and philanthropy laid the foundation for JGU’s journey. It belongs equally to our faculty members who inspire and mentor, our administrative staff who ensure operational excellence, our students who embrace challenges with resilience and creativity, and our alumni who carry forward JGU’s values into the world.” QS Stars is a comprehensive global rating system that evaluates universities on more than 50 indicators across at least nine categories. Unlike rankings, it offers a multidimensional perspective, highlighting institutional excellence across diverse aspects of higher education.

      • Teaching (5 Stars): From a small founding faculty to over 1,100 professors, scholars, and practitioners, our growth in human capital reflects our unwavering commitment to academic quality. This year alone, we welcomed 129 new world-class faculty members, representing what experts call "a historic leap in Indian higher education." Our classrooms have become spaces where knowledge transforms into wisdom, with high student satisfaction rates and impressive retention numbers that speak to the personal attention each student receives. Our faculty's dedication to mentoring goes beyond the traditional teaching approach, and includes guiding, inspiring, and preparing students for global careers.

      • Online Learning (5 Stars): JGU’s digital learning ecosystem has set a new benchmark in higher education. Through JGU Online, learners can access world-class degree programmes and specialised certifications with the same academic rigour as our on-campus offerings. Features such as live and recorded lectures, COIL-based international collaborations, inclusive design, career support, and 24/7 student services ensure an enriching and accessible experience. This recognition reaffirms our commitment to innovation, flexibility, and excellence in global online education.

      • Employability (5 Stars): Our graduates don't just find jobs, they create impact. Employers worldwide recognise the quality of JGU alumni, who bring both theoretical knowledge and practical skills to their roles. This 5-star recognition validates our focus on preparing students not just for their first job, but for leadership roles throughout their careers.

      • Environmental Impact (5 Stars): At JGU, sustainability is not just a guiding principle but an operational practice. With policies on sustainable funding, procurement, and investment, along with a climate action plan, we have embedded sustainability across all facets of our institution. Through the Office of Sustainability, we track and reduce our scope-1, 2, and 3 greenhouse gas emissions, minimise food waste, and improve air quality. Our dedicated Jindal School of Environment & Sustainability (JSES) drives innovation, practice-based learning, impactful research and community engagement. This recognition highlights JGU’s commitment to creating a greener future and contributing to the Sustainable Development Goals.

      • Arts & Culture (5 Stars): Our commitment to arts and culture extends beyond curriculum. We have fostered an environment where creativity and academic rigour coexist, producing graduates who are not just technically competent but culturally aware global citizens. Additionally, India’s first Constitution Museum and the Rights and Freedoms Academy established on JGU campus further deepens cultural learning, civic awareness, and an appreciation for arts among the community.

      • Good Governance (5 Stars): Transparency, accountability, and inclusive leadership practices have been hallmarks of our institutional culture. This recognition acknowledges our commitment to the highest standards of academic and administrative governance.

      • Global Engagement (5 Stars): Perhaps nothing exemplifies our international outlook more than our extensive partnership network. With 575+ collaborations with international universities and higher education institutions across 80+ countries, we have built a truly global academic ecosystem. Through dual degree programmes, semester exchanges, and research collaborations, we expand horizons for our students and faculty in ways that are structured, affordable, and impactful. Our continuous collaborations with international universities demonstrate our commitment to ensuring that "international education is no longer an aspiration for a few, but an accessible pathway for many".

      • Law and Legal Studies (4 Stars): Jindal Global Law School (JGLS) has established itself as a leader in legal education. For six consecutive years, it has been recognised as India’s No. 1 law school in the QS World University Subject Rankings. JGLS combines rigorous academic training with practical exposure, supported by national accreditation and a strong global outlook. Our innovative curricula, specialised centres, and international collaborations equip students to navigate complex legal systems, reinforcing JGU’s stature as India’s premier destination for law and legal studies.

      Research (4 Stars): Our research initiatives are crucial for advancing knowledge, fostering innovation, and informing public policy. Through our think tanks and research centres, we have created platforms for interdisciplinary research that addresses complex global challenges. We recognise the importance of balancing teaching responsibilities with faculty research, ensuring our professors remain at the forefront of their fields while delivering exceptional education.

      (Disclaimer: The above press release comes to you under an arrangement with O.P. Jindal Global University and PTI takes no editorial responsibility for the same.). PTI PWR

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