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    No commitments relating to ethanol import from US for fuel blending under FTA talks: Govt
    No concession or commitment on import of Ethanol for fuel blending from the United States
    Office of the Controller General of Patents, Designs and Trade Marks Announces Tentative Schedule for Patent and Trade Marks Agent Examinations 2027 a...
    RBI invites comments on the draft “Reserve Bank of India (Non-Banking Financial Companies – Credit Facilities) Amendment Directions, 2026”
    West Bengal seeks 100pc foodgrain, 40pc sugar jute packaging quota at SAC meeting
    RBI clasifies Tata Sons, 16 others as large NBFCs
    Sensex climbs 374 points on buying in Reliance, ICICI Bank; Nifty ends flat
    Insurance Division, DFS Secures 3rd Rank in Group A Category of Grievance Redressal Assessment & Index (GRAI) for June 2026
    VKDL Group’s NPA Bazaar Strengthens India’s Distressed Asset Resolution Ecosystem Under the Leadership of V K Dubey
    Lok Sabha passes bill to authorise govt to permit banks to levy charges on UPI transactions
    Monetary Policy Statement, 2026-27 Resolution of the Monetary Policy Committee August 3 to 5, 2026
    Stock markets edged higher in early trade amid lower crude oil prices, buying in Reliance Industries
    Monthly review of accounts of Government of India upto June 2026 (FY 2026-27)
    DRI busts illegal drug manufacturing unit in Satara district in Maharashtra; two arrested
    CCI approves proposed combination inter alia involving share acquisition(s) and merger of certain entities e.g. AAPC India, Triguna, Caddie, SMPL, Tec...
    Rupee gains 20 paise to close at 95.08 against US dollar post-RBI policy decision
    TN Budget: Revenue deficit at Rs 55,775 crore, fiscal deficit estimated at Rs 1,21,819 crore
    Tatkare slams ‘gungi gudiya’ jibe against Sunetra; Cong says row being exploited for political gains
    RBI invites public comments on Draft Guidelines for ‘on tap’ Licensing of Urban Co-operative Banks
    Pakistan-origin dry dates, routed through UAE, seized at Kandla port
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    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.
    August 6, 2026
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    Domestic ethanol sourcing for fuel blending continues unchanged, with no import commitments or concessions involving United States ethanol.
    Ethanol used for fuel blending under the Ethanol Blended with Petrol Programme is sourced entirely from domestic producers, with no imports from the United States for that purpose. No concessions or commitments on importing United States ethanol for fuel blending have been made in trade discussions. Fuel blending and ethanol procurement continue to be governed solely by domestic policy requirements, and claims of a policy change allowing large-scale imports are incorrect.
    August 6, 2026
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    Patent and trade marks agent qualification examinations require written-paper minimums, aggregate passing scores, and viva voce assessment for registration.
    Patent and trade marks agent examinations comprise an objective Paper I, a descriptive Paper II and a viva voce assessing suitability to practise before the Intellectual Property Office. Candidates must secure the stipulated minimum marks in each written paper and the required aggregate score to pass. Registration in the relevant Register of Patent Agents or Register of Trade Marks Agents is available only to candidates who satisfy all prescribed eligibility conditions and qualify the examination.
    August 6, 2026
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    Draft NBFC credit-facilities amendments open for stakeholder consultation through designated online and email feedback channels.
    Draft amendments to the Non-Banking Financial Companies credit-facilities framework have been released for public consultation. Regulated entities and other interested stakeholders may submit comments or feedback through the 'Connect 2 Regulate' platform or by email using the specified subject line.
    August 6, 2026
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    Mandatory jute packaging reservations were urged to protect cultivators, mill workers, crop absorption, and environmentally sustainable packaging.
    Mandatory jute packaging reservations were sought to be retained at full coverage for foodgrains and increased for sugar packaging for the forthcoming Jute Year. The submission before the Standing Advisory Committee emphasised absorption of bumper jute output, remunerative prices for cultivators, uninterrupted mill operations, and protection of farm and worker livelihoods. It also stressed that biodegradable jute bags offer an environmentally friendly alternative to HDPE and polypropylene woven sacks, and that dilution of compulsory packaging could undermine plastic-pollution reduction efforts.
    August 6, 2026
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    NBFC Upper Layer classification imposes enhanced regulation and listing obligations, while de-registration applications remain under examination.
    NBFC Upper Layer classification subjects identified large non-banking financial companies to enhanced regulatory requirements for at least five years and requires stock-exchange listing within three years of identification. The framework divides NBFCs into Base, Middle, Upper and Top Layers. Seventeen large NBFCs were included in the Upper Layer list, while Tata Sons' classification remains subject to the pending examination of its de-registration application.
    August 6, 2026
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    Closing auction price discovery may affect benchmark levels differently based on constituent liquidity and concentrated institutional order flow.
    The Closing Auction Session in the equity cash segment uses an auction-based method to determine closing prices of eligible shares with futures and options contracts, aiming to strengthen transparent and robust price discovery. Its effect on benchmark closing levels may differ according to constituent liquidity and institutional order flow. The Reserve Bank of India retained the policy repo rate and neutral stance, indicating that future policy decisions will be data-dependent and influenced by assessment of energy-cost effects on inflation.
    August 6, 2026
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    Public grievance redressal strengthens through monitoring, senior review, workshops, stakeholder coordination, and customer-centric service delivery improvements.
    Public grievance redressal is assessed through the Grievance Redressal Assessment and Index, which analyses grievance categories and disposal. The Department of Financial Services' Insurance and Banking Divisions received third and sixth ranks respectively in the June 2026 assessment. Its framework includes disposal of grievances, random reviews by senior officials, and workshops on effective grievance redressal, supporting best practices, stakeholder coordination, technology use, customer-centric service, and accountable public service delivery.
    August 6, 2026
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    Distressed asset resolution integrates restructuring, insolvency advisory, funding facilitation and digital marketplaces for transparent financial recovery transactions.
    The platform provides integrated advisory, management and transaction-facilitation services for Non-Performing Assets, stressed assets and distressed assets. Its services include NPA resolution, debt restructuring, One-Time Settlements, funding assistance, insolvency and bankruptcy advisory, asset reconstruction, financial restructuring and capital raising. Digital and offline marketplaces facilitate transactions involving distressed assets, receivables and related movable or immovable properties, supported by collaborations with banks, Non-Banking Financial Companies, Asset Reconstruction Companies, corporates and investors.
    August 6, 2026
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    Merchant discount rate framework may permit charges on notified UPI and digital payments through a government notification mechanism.
    The proposed amendment to Section 10A of the Payment and Settlement Systems Act, 2007 replaces the existing income-tax-linked reference with a Central Government notification-based mechanism for electronic payment modes. It removes the current statutory restriction preventing banks and payment service providers from charging Merchant Discount Rate on notified modes, enabling the Government to permit charges for UPI and other digital payments. The policy rationale is to support funding for payment infrastructure and a sustainable revenue model for service providers.
    August 6, 2026
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    Neutral monetary policy stance continues as resilient growth and food-fuel inflation risks require close macroeconomic monitoring.
    The Monetary Policy Committee retained the policy repo rate and continued the neutral monetary policy stance, citing the need to assess evolving growth-inflation conditions. Domestic activity was assessed as resilient, supported by consumption, investment, credit, manufacturing, services and exports, although global uncertainty, energy prices, supply-chain pressures, geopolitical developments and monsoon conditions remain risks. CPI inflation increased mainly because of food and fuel pressures, while underlying inflation remained moderate. The Committee considered that price pressures were not yet generalised and reaffirmed its commitment to align inflation with the target.
    August 6, 2026
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    Closing auction price discovery and a neutral monetary policy stance shaped equity market conditions amid lower crude prices.
    The Closing Auction Session in the equity cash segment introduced an auction-based mechanism for determining closing prices of eligible shares with futures and options contracts, intended to make price discovery more transparent and robust. The Reserve Bank of India retained its neutral stance and left the benchmark policy rate unchanged, pending greater clarity on the inflationary effects of higher energy costs. Future policy decisions were stated to be data dependent.
    August 6, 2026
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    Monthly public accounts review records receipts, expenditure, tax devolution, interest payments, subsidies, and capital spending through June.
    Consolidated monthly accounts up to June 2026 report total receipts of Rs.10,49,243 crore, comprising net tax revenue, non-tax revenue and non-debt capital receipts. Tax devolution transfers to State Governments total Rs.2,63,336 crore. Total expenditure is Rs.13,57,076 crore, including revenue expenditure of Rs.10,16,818 crore and capital expenditure of Rs.3,40,258 crore. Revenue expenditure includes interest payments and major subsidies.
    August 6, 2026
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    Illicit psychotropic drug manufacture triggered seizure, apprehensions, and investigation into planned trafficking under narcotics control law.
    Illicit manufacture and trafficking of Alprazolam and Diazepam, psychotropic substances regulated under the Narcotic Drugs and Psychotropic Substances Act, 1985, were detected at a clandestine facility. Searches recovered finished and intermediary substances, together with raw materials and reaction mixtures used in manufacture, and the goods were seized under the Act. The manufacturer and an intended buyer were apprehended, with material indicating a proposed transaction for further illicit trafficking. Preliminary investigation indicated prior involvement in illegal drug production and trafficking.
    August 6, 2026
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    Competition approval for hotel-sector consolidation covers share acquisitions and merger of Accor-branded hotel entities into InterGlobe Hotels.
    Competition approval was granted for related share acquisitions and the merger of AAPC India, Caddie, Triguna, Srilanand Mansions, Techpark and Accent into InterGlobe Hotels. The combination involves entities jointly controlled by the Bhatia Family Group and the Accor Group, including hotel-owning and developing entities, hotel management and franchising operations, leasing activities, and captive consultancy and support services relating to Accor-branded hotels in India.
    August 5, 2026
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    Rupee appreciation followed unchanged monetary policy, lower crude prices, weaker dollar and expectations of orderly exchange-rate management.
    The rupee strengthened after the central bank maintained its policy rate and neutral monetary-policy stance. Lower crude oil prices, a weaker US dollar and declining US Treasury yields supported investor sentiment. Earlier measures to attract capital inflows remained part of the framework supporting the rupee, while the central bank stressed its endeavour to preserve an orderly currency trajectory. Future movement was linked to geopolitical de-escalation, global risk sentiment and US economic data.
    August 5, 2026
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    Fiscal consolidation through revenue mobilisation and leakage control aims to reduce deficits while expanding capital expenditure capacity.
    Tamil Nadu's Revised Budget Estimates for 2026-27 project a revenue deficit and fiscal deficit, with outstanding liabilities comprising public debt and public-account liabilities. Revenue mobilisation is proposed through improved tax administration, collection efficiency, closure of leakages, liquor-manufacturer privilege fees, and eligible Union grants. The strategy projects gradual deficit reduction to create room for capital expenditure, supported by expenditure reforms aimed at eliminating leakages, optimising expenditure, and improving service delivery.
    August 5, 2026
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    Political criticism of public office-holders raises debate over media accountability, personal remarks, and acceptable public discourse.
    Political criticism followed a social-media post describing Maharashtra Deputy Chief Minister Sunetra Pawar as "gungi gudiya" in connection with a press interaction on law-and-order issues in Beed district. Congress representatives stated that the post was not a personal insult, had been deleted after adverse reactions, and was followed by an expression of regret. NCP representatives termed the expression inappropriate and stressed that the principal dignitary should conduct media interactions. Shiv Sena (UBT) representatives described the phrase as not unparliamentary and linked it to criticism of a guardian minister's public responsibilities.
    August 5, 2026
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    On-tap licensing for Urban Co-operative Banks enters public consultation through draft guidelines inviting stakeholder feedback.
    Draft guidelines for 'on tap' licensing of Urban Co-operative Banks have been issued for public and stakeholder consultation. Comments and feedback may be submitted until September 05, 2026, through the designated online consultation facility or by written or email submission to the specified regulatory department.
    August 5, 2026
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    Prohibition on indirect Pakistan-origin imports targets alleged origin misdeclaration and UAE routing used to circumvent trade restrictions.
    Import prohibition on goods originating in Pakistan applies to direct and indirect imports under the Foreign Trade Policy, 2023. Pakistan-origin dry dates routed through the UAE were allegedly declared as UAE-origin goods for import, and were intercepted under the Customs Act, 1962. Investigation indicated that the goods were first sent from Pakistan to Dubai, re-containerised, and then exported to India. A separate interception involved Pakistan-origin guggul resin allegedly declared as Somali natural resin and routed through Dubai.

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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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