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    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
    RBI keeps rates unchanged, retains neutral stance; outlook uncertain on El Nino, geopolitical risks
    Government Notifies Inventory-based Cross-border E-Commerce Export Framework under Foreign Trade Policy 2023
    Customs official among 5 held for smuggling gold of Rs 1.44 crore at Indore airport
    Lok Sabha passes Bankers' Books Evidence Bill to replace colonial-era law
    Sensex gains 152 pts in volatile session as RBI keeps policy rates unchanged
    DRI seizes 364 metric tonne (MT) banned Pakistan-origin dry dates imports worth Rs. 3 crore
    Rupee gains 13 paise to close at 95.15 against US dollar post-RBI policy decision
    ED raids premises linked to ex-Andhra MLA Malla Vijaya Prasad in chit fund scam
    'Gungi gudiya' remark against Sunetra shows Cong's 'ideological bankruptcy': NCP leader Tatkare
    RBI holds interest rates for fourth straight meeting, awaits clearer inflation outlook
    Highlights of RBI's August monetary policy
    RBI targeting polymer currency notes launch in early FY28: Guv Malhotra
    Two women held at Delhi airport with 1 kg gold concealed as silver-coated armlet
    Sensex trades higher, Nifty flat post RBI policy
    India's services sector growth hits four-and-a-half-year low in July on weak demand: PMI
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    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.
    August 5, 2026
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    Neutral monetary policy stance keeps benchmark rates unchanged while inflation risks, liquidity management and consumer-protection reforms remain under review.
    Monetary policy maintains the benchmark policy rate unchanged and retains a neutral stance, with future decisions guided by incoming data. The central bank remains committed to aligning headline inflation with its medium-term target while monitoring food, fuel and other input-cost risks. Surplus liquidity will be managed through two-way operations, and the regulatory framework for interest rates on advances is proposed to be harmonised and standardised across regulated entities to improve transparency and consumer protection.
    August 5, 2026
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    Export-only e-commerce inventory framework enables seller exports through registered exporters while requiring traceability, timely payments and domestic-diversion controls.
    The export-only inventory framework permits eligible e-commerce entities to export through a registered Exporter-on-Record, which procures goods from Indian Sellers-on-Record against confirmed overseas orders and assumes export and destination-country compliance responsibilities. Inventory must be segregated, digitally traceable and cannot be diverted to domestic sale. The framework requires timely seller payments, visibility of overseas sales and shipment information, proportional pass-through of export rebates and refunds, annual compliance certification and digital records.
    August 5, 2026
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    Gold smuggling enforcement targets concealed foreign-origin gold, airport control evasion, and illicit railway transport under customs law.
    Gold smuggling enforcement operations under the Customs Act, 1962 involved alleged concealment and unlawful movement of foreign-origin gold. At an international airport, an alleged syndicate used an airline employee to transfer gold received from arriving passengers outside Customs and immigration controls, with gold disguised as silver-coloured bracelets. A separate railway operation concerned gold concealed in a specially made cloth waist belt and intended for delivery to a jeweller. The actions addressed concealment, evasion of Customs controls, and illicit transport of foreign-origin gold.
    August 5, 2026
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    Digital bank-record evidence gains a technology-neutral framework through expanded admissibility, certified authentication, and regulated production of bankers' books.
    The Bankers' Books Evidence Bill, 2026, modernises the evidentiary treatment of banking records by extending "bankers' books" to physical, electronic, digital, virtual and cloud-based records. It recognises electronic bank records as admissible evidence, allows production in physical or electronic form, and provides for standardised certificates authenticated by manual, digital or electronic signatures. The Bill also defines "special cause" for compelling bank officers to produce records or testify where the bank is not a party, and permits extension to specified financial-sector entities subject to conditions.
    August 5, 2026
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    Closing auction price discovery and unchanged policy rates shaped volatile equity trading amid inflation and geopolitical uncertainty.
    The Monetary Policy Committee retained the policy repo rate and neutral policy stance while seeking greater clarity on inflation risks from higher energy costs. Stock exchanges introduced the Closing Auction Session for eligible futures and options shares in the equity cash segment to determine closing prices through a more transparent and robust auction-based price-discovery mechanism. Equity markets showed volatile, limited gains amid geopolitical uncertainty, energy-price concerns, profit booking and the new mechanism's introduction.
    August 5, 2026
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    Pakistan-origin import prohibition covers third-country routing, false origin declarations, forged documents, and trans-shipment arrangements used to evade restrictions.
    The prohibition on direct or indirect import or transit of goods originating in or exported from Pakistan extends to goods routed through third countries and falsely declared as having another origin. Misdeclaration of country of origin, false descriptions, forged documentation, and trans-shipment arrangements may contravene that prohibition and invite action under the Customs Act, 1962. Dry dates declared as UAE-origin and Guggul resin declared as Somalia-origin were investigated as goods of Pakistan origin routed through Dubai.
    August 5, 2026
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    Foreign exchange stability measures support the rupee as policy continuity, capital inflows and global risk sentiment shape currency expectations.
    Foreign exchange market movement reflected a rupee appreciation against the US dollar following the monetary policy decision to retain the repo rate and neutral stance. Market sentiment was supported by softer crude oil prices, weakness in the US dollar, lower US Treasury yields and foreign equity inflows. The monetary policy framework sought to support capital inflows and maintain an orderly rupee trajectory, with geopolitical developments and US economic data remaining relevant to near-term exchange-rate expectations.
    August 5, 2026
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    Money-laundering investigation examines alleged proceeds from chit fund operations following searches linked to a former company managing director.
    A money-laundering investigation concerns alleged proceeds of crime arising from a multi-state chit fund operation associated with Welfare Building and Estates Pvt Ltd. The company is alleged to have collected investor deposits through investment schemes promising high returns before defaulting. Searches at premises linked to its former managing director form part of the inquiry into alleged laundering. The underlying alleged fraud had previously resulted in a CBI case and multiple police FIRs.
    August 5, 2026
    Show AI Summary
    Political restraint in public communications was urged, alongside adherence to principal-speaker protocol during press conferences and media interactions.
    Political restraint in public communications was urged after a social-media remark directed at Sunetra Pawar was criticised as ideologically irresponsible. It was stated that regret alone was insufficient and that leaders should exercise care in public comments. Press-conference protocol was also emphasised: the principal dignitary should respond to media questions, and those seated alongside should not participate in the interaction. Party colleagues were expected to act more responsibly in future media engagements.
    August 5, 2026
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    Neutral monetary policy stance continues as inflation clarity is awaited, alongside cooperative banking and lending-rate transparency measures.
    Monetary policy maintained the benchmark policy repo rate and a neutral stance pending clearer evidence that energy-cost pressures will generate broad-based inflation. Inflation is expected to rise temporarily due principally to food and fuel prices before moderating, while core inflation remains benign. The approach remains data-dependent, supported by two-way liquidity operations. Proposed measures include resuming urban cooperative bank licensing, revising rural cooperative bank credit-monitoring directions, and harmonising interest-rate regulation on advances across regulated entities to improve transparency and consumer protection.
    August 5, 2026
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    Repo rate stability preserves the policy stance amid lower inflation projections, stronger growth expectations and external-sector resilience.
    Monetary policy maintained the repo rate at 5.25 per cent following a unanimous policy committee decision. The growth forecast for FY27 was marginally increased, while the inflation projection was lowered. Inflation conditions remain uncertain because of monsoon, El Nino and geopolitical developments. Liquidity remained in surplus, and external-sector indicators reflected a current-account surplus, buoyant foreign direct investment inflows, renewed foreign portfolio investment inflows, and adequate foreign-exchange reserves.
    August 5, 2026
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    Polymer currency notes target improved durability as monetary policy remains data-dependent and rupee management pursues an orderly trajectory.
    Polymer currency notes are targeted for circulation at the beginning of the next financial year, subject to implementation proceeding as planned. They are intended to improve durability, especially for lower-denomination notes with high circulation velocity. Monetary policy decisions will remain data-dependent and focused on aligning headline inflation with its medium-term target. Foreign Currency Non-Resident (Bank) scheme inflows are expected to remain healthy until closure, with no proposal for premature termination. Rupee management aims to maintain an orderly exchange-rate trajectory.
    August 5, 2026
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    Customs anti-smuggling enforcement targets gold concealed as silver-coated armlets following passenger profiling and personal search at airport.
    Customs officers intercepted two passengers arriving from Istanbul after Advance Passenger Information System profiling and their activation of the Door Frame Metal Detector. A personal search recovered approximately one kilogram of gold, silver-coated and concealed as traditional armlets worn on the upper arms. The gold was seized under the Customs Act, a smuggling case was registered, and investigation was initiated into the source and any wider smuggling network.
    August 5, 2026
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    Closing auction price discovery for eligible derivatives shares begins as monetary policy retains the repo rate and neutral stance.
    The Reserve Bank retained the repo rate with a neutral stance amid uncertainty over energy prices and supply disruptions. Stock exchanges introduced the Closing Auction Session in the equity cash segment for eligible shares with futures and options contracts. This auction-based mechanism determines closing prices of eligible stocks and aims to make price discovery more transparent and robust.
    August 5, 2026
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    Services-sector growth slowed as weaker demand, competition and postponed orders moderated business activity, while employment improved modestly.
    Services-sector growth slowed as domestic and export orders moderated amid weaker demand, competitive pressures, softer market conditions and postponed orders. Output continued to expand, but at its weakest pace in more than four years. Employment growth improved modestly, while input costs rose and firms increased selling prices. Business confidence remained positive but declined, and the composite output indicator weakened due principally to the sharp slowdown in services activity.

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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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