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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 operations require confirmed orders, traceable segregated stock, timely seller payments and proportionate export-benefit pass-through.
    The Inventory-based Cross-border E-Commerce Export Framework permits export-only inventory operations through a registered Exporter-on-Record, which procures goods against confirmed overseas orders and assumes export and destination-country compliance responsibilities. Inventory must be segregated, digitally traceable and cannot be diverted for domestic sale. Sellers must receive timely payment irrespective of overseas buyer payment, proportionate pass-through of export rebates and refunds, and visibility of sale prices, orders and shipment tracking. Annual compliance certification and digital records are required.
    August 5, 2026
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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
    Show AI Summary
    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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      Global Education Summit - 2025 at Chandigarh University Brings Together 75 Academic Leaders from 60 Universities Across 35 Countries

      September 30, 2025

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      Chandigarh University Signs MoUs with Five Leading Global Universities to Strengthen Academic Collaboration, Joint Research, Student Exchange and Faculty Development Chandigarh, India (NewsVoir) Chandigarh University has been leading on the internationalization of education since it’s inception and in these years, the University has been successful in forging global academic alliances with top ranked universities across the world. To maximize their footprints at the global level and providing exposure to it’s students from top ranked institutions from all parts of the world, Chandigarh University is hosting two-day 5th Global Education Summit at their Mohali campus with renowned academic leaders, think tanks, & policy makers from 60 international universities and 35 countries.

      While addressing a gathering of students during two-day long 5th edition of Global Education Summit Global Collaborations for Shaping the Future of Higher Education: Creating AI Empowered, Technology-Deepening, Inclusive and Sustainable Nations, Juan Antonio March Pujol, Ambassador of Spain to India said, “AI is not a threat but an opportunity, opening new fields and careers. The key is knowing your capacities and delivering what others need, fostering innovation, entrepreneurship and solutions that benefit humanity. But innovation must go hand in hand with peace. The younger generation must be the lobby for peace, not war, while universities help develop the capacities for fulfilling, impactful lives and the progress of humanity. Universities, therefore, have two responsibilities, to nurture talent and innovation and to champion peace in the world”. The Summit at the Chandigarh University campus witnessed participation from 75 renowned academic leaders from 60 international universities and 35 countries.” The Ambassador of Spain to India, Pujol added, “Humanity has made each individual a masterpiece; our fingerprints and neurons are all unique, offering limitless possibilities. We are on the threshold of extraordinary intelligence and universities must prepare students to contribute meaningfully.” Speaking during the occasion, Deep Inder Singh Sandhu, Senior Managing Director of Chandigarh University, said, “At Chandigarh University, we believe in giving our students and faculty a truly global experience. With over 515 collaborations with top-ranked universities across more than 100 countries, we are creating opportunities for joint research, academic partnerships, student and faculty exchanges, semester exchange, cultural exchange and industry-innovation partnerships. The Global Education Summit is a unique platform that not only facilitates these exchanges but also enables universities worldwide to come together and sign MoUs to advance higher education. By fostering international collaborations, responsibly integrating emerging technologies and AI, and promoting interdisciplinary research, we are preparing our students to navigate a rapidly changing world and make a meaningful impact globally.” The Guest of Honor, Dr Pontus Warnestal, Deputy Vice Chancellor, Halmstad University, Sweden said, “Universities are being reshaped by forces beyond their walls—AI, disinformation, funding challenges and public skepticism. The question is not how we train students to use AI, but how we prepare them for a world where fluent nonsense is everywhere. Higher education must deepen students’ ability to test claims, critique substance and act as informed citizens. Our task is to redraw education into something more adaptive, humane and grounded in communication, not automation.” Chandigarh University signed five Memorandum of Understandings (MoUs) with top-ranked international universities including American University, Washington DC, Capilano University, Canada, Middlesex University, Mauritius, Sunway University, Malaysia and Mariano Marcos, State University Philippines in the presence of Deep Inder Singh Sandhu, Senior Managing Director of Chandigarh University to strengthen academic cooperation and international engagement. The partnership will enable joint research projects, academic collaborations, capacity building, student exchange and faculty exchange programmes, thereby fostering innovation, cross-cultural learning and global knowledge sharing.

      Later, a session was conducted on ‘Enabling and Empowering Students for Technology Deepening in Higher Education’ that focused on equipping students with advanced technological skills, fostering critical thinking, creativity and adaptability, and integrating emerging technologies ethically into curricula. It also highlighted interdisciplinary collaboration and preparing future-ready graduates.

      Another session on ‘AI for Inclusiveness and Sustainability’ explored leveraging AI to create inclusive and sustainable higher education ecosystems and discussions were focused on improving accessibility, promoting responsible AI use, supporting sustainable development and fostering collaboration across institutions and countries.

      The discussions during the sessions were centered around frameworks for responsible technology and AI integration in education, recommendations for curriculum innovation and student empowerment and strategies for global collaboration, research and societal impact.

      Dr Chris Bottrill, Associate Vice President, International, Capilano University, Canada said, “It’s impressive to see 35 countries come together at Chandigarh University to openly discuss tough global issues at a time of rising polarity and conflict. This is the right place to have these conversations and shape our future. AI and quantum fields hold huge opportunities, but the challenge is how we teach and research them well and that’s why forums like this matter.” Prof (Dr) Nola Hewitt-Dundas, Pro Vice-Chancellor, Queen’s University Belfast, Northern Ireland, said, “We meet at a time of great challenges and opportunities as rapid technological changes preparing students for jobs that don’t yet exist and respond to sustainability and inequality. Young people look to universities for skills and adaptability for an uncertain world. As Mahatma Gandhi said the future depends on what you do today and the choices and partnerships we make now will shape both our students lives and our societies.” Prof Stephen Khehla Ndlovu, Vice-Chancellor and Principal, Vaal University of Technology, South Africa said, “Higher education must do more than impart knowledge, it must empower society, drive innovation, and cultivate compassion and inclusivity. From rethinking the shape of higher education to harnessing technology and AI for sustainability, this summit reminds us that universities are engines of transformation. No university can meet these challenges alone; we need partnerships across borders, disciplines, and traditions, learning from each other’s strengths and mistakes.” On the concluding day, the session ‘Rethinking the Shape of Higher Education to Meet Future Challenges’ explored how universities can adapt to societal, technological, and economic changes, focusing on curriculum innovation, research collaboration, digital transformation, and preparing students for a world shaped by rapid change and misinformation. Another session on ‘Revisiting Learning–Teaching Models for Creating Empowered and Empathetic Societies’ highlighted innovative, learner-centered teaching approaches, social responsibility, and education’s role in fostering inclusive and compassionate communities. In the final session, Technology and Innovation for a Safe, Secure, and Equitable Future for All’ explored how technology and innovation can address global challenges, emphasizing safety, security, inclusivity, and equitable access for a sustainable future.

      About Chandigarh University Chandigarh University is a NAAC A+ Grade University and QS World Ranked University. This autonomous educational institution is approved by UGC and is located near Chandigarh in the state of Punjab. It is the youngest university in India and the only private university in Punjab to be honoured with A+ Grade by NAAC (National Assessment and Accreditation Council). CU offers more than 109 UG and PG programs in the field of engineering, management, pharmacy, law, architecture, journalism, animation, hotel management, commerce, and others. It has been awarded as The University with Best Placements by WCRC.

      Website address: www.cuchd.in.

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

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