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    ED raids premises linked to ex-Andhra MLA Malla Vijaya Prasad in chit fund scam
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    The Taxation and Other Laws Amendment Bill 2026 - Introduced in Lok Sabha on 4th August 2026
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    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
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    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.
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    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.
    August 5, 2026
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    Interim bail conditions require residence outside the state and trial attendance in alleged manpower commission corruption proceedings.
    Interim bail was granted to Anwar Dhebar in a matter involving alleged corruption and an illegal commission mechanism linked to a state marketing corporation. Conditions require him to remain outside Chhattisgarh, attend the trial court, and provide his residential address. The allegations concern manpower supply agencies allegedly being compelled to pay commissions for clearance of legitimate bills, with proceeds routed through intermediaries. The case was registered under the Indian Penal Code and the Prevention of Corruption Act.
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    Tax certainty measures revise fund-management safe harbours, electronic-payment charges, sectoral exemptions, business-trust treatment, and excess expenditure appropriation.
    The Taxation and Other Laws (Amendment) Bill, 2026 proposes to replace the Income-tax (Amendment) Ordinance, 2026 and amend payment-system and tax laws. It would prohibit charges on notified electronic payments, revise safe-harbour conditions for eligible investment funds and fund managers, and expand tax exemptions for Government securities, qualifying rough-diamond sales and bonded-warehouse component storage. It also modifies exemptions concerning electronic-goods contract manufacturing, data centres and business-trust dividends, while imposing a differentiated surcharge on qualifying special purpose vehicles. A separately included appropriation bill authorises excess expenditure from the Consolidated Fund of India.
    August 5, 2026
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    Growth and inflation projections reflect resilient domestic activity while energy volatility, supply disruptions, and food prices sustain inflation risks.
    Monetary policy projections for fiscal 2026-27 revise real GDP growth upward to 6.7 per cent and Consumer Price Index inflation downward to 5 per cent. Domestic activity is described as resilient amid global uncertainty, but inflationary risks persist from rainfall disruption, energy-price volatility, supply-chain uncertainty, and second-round effects of higher food, fuel and input costs. Core inflation is projected at 4.3 per cent for the fiscal year.
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    Monetary policy rate maintenance was continued with the repo rate retained at 5.25 per cent under a neutral stance amid uncertainty over energy prices and supply disruptions associated with the West Asia crisis. The growth forecast was marginally increased and the inflation projection reduced. Sustained rupee depreciation against the dollar was attributed to costly oil, capital outflows, widening trade deficits and a strong US dollar.
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    Foreign exchange market movement strengthens as lower crude prices and monetary policy signals influence the rupee's direction.
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    August 4, 2026
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    Dearness allowance arrears must be cleared promptly, while the government examines legal remedies and continues its structured liquidation plan.
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    August 4, 2026
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    Money-laundering investigation examines alleged fraudulent industrial plot allotments, benami holdings and diversion of plots to residential use.
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    August 4, 2026
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    Rupee exchange-rate movement gains support from capital inflows, while oil prices, dollar strength and monetary policy shape sentiment.
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    August 4, 2026
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    Interim bilateral trade agreement negotiations continue as both sides work to finalise unresolved issues in the proposed arrangement.
    Interim bilateral trade agreement negotiations between India and the United States are continuing. Both sides have undertaken substantial work, while certain issues remain to be finalised before completion of the proposed interim trade arrangement. A United States Trade Representative delegation visited India to advance discussions. The text records the status of negotiations and identifies no concluded agreement or operative customs measure.

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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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