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    Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman chairs 3rd Meeting of Apex Monitoring Authority of NICDIT and reviews the pro...
    NBCC moves SC for RERA exemptions to complete 16 stalled Supertech projects
    DFS Hosts PSB Confluence 2026: Day 1 Deliberations focus on Four themes- Deposit Mobilisation, Banking for Youth, Supporting the Investment Cycle and ...
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    August 18, 2026
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    Industrial corridor development prioritises empowered SPVs, integrated infrastructure and investor-ready parks to accelerate manufacturing investment and operations.
    National Industrial Corridor Development Programme implementation prioritises timely infrastructure completion, land allotment, investment mobilisation and commencement of manufacturing. PM GatiShakti-aligned planning requires integrated connectivity, utilities and social infrastructure, while States should resolve land, clearance and SPV-power bottlenecks. BHAVYA proposes investment-ready, plug-and-play industrial parks appraised for ready land, credible demand, connectivity, utilities, realistic phasing and early investor attraction. NICDIT routes Government participation and equity support for BHAVYA project SPVs, and NICDC coordinates implementation and monitoring.
    August 17, 2026
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    RERA compliance exemption for stalled housing projects raises whether statutory obligations may be waived to enable phased project completion.
    RERA compliance exemption is sought for completion of 16 stalled residential projects by a public sector construction entity appointed under a project-completion arrangement. The appellate insolvency tribunal declined to direct a waiver, considering itself incompetent to exempt compliance with statutory provisions. The arrangement requires phased completion, award and commencement of construction work, and oversight through an apex committee and project-wise committees. The projects remain incomplete owing to the developer's financial crisis.
    August 17, 2026
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    Deposit mobilisation and youth banking guide strategies for stronger public financial institutions, investment financing and Global Capability Centre opportunities.
    PSB Confluence 2026 considers strategic priorities for Public Sector Banks and Public Financial Institutions across deposit mobilisation, banking for youth, investment-cycle financing and Global Capability Centres. Discussions seek practical, scalable strategies to strengthen customer engagement, youth-responsive banking propositions, institutional financing capabilities and participation in the expanding Global Capability Centre ecosystem. Youth engagement may use the MY Bharat platform to strengthen links with the formal financial system and awareness of education finance, entrepreneurship, internships and financial-sector careers. Further themes include value-chain infrastructure, priority sector lending and credit card business reform.
    August 17, 2026
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    Banking-sector reform will guide lender capacity, financial stability, inclusion, consumer protection, deposit growth and responsible credit-card expansion.
    Banking-sector reform is proposed through a high-level committee on Banking for Viksit Bharat to review the sector and align it with growth needs while safeguarding financial stability, financial inclusion and consumer protection. Key themes include deposit mobilisation, youth banking, investment support, global capability centres, value-chain infrastructure, credit cards and priority-sector lending. Public-sector banks are expected to improve competitiveness through technology, sectoral expertise, product adaptation and customer-focused deposit growth. Credit-card development must maintain responsible underwriting, customer protection and appropriate risk controls.
    August 17, 2026
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    FCNR(B) concessional swap facility availability narrows to timely mobilised deposits amid rupee depreciation and foreign currency inflow concerns.
    Foreign-exchange conditions reflected rupee depreciation amid weak domestic equity markets and higher crude oil prices. FCNR(B) concessional swap facility availability is confined to foreign currency deposits mobilised by banks within the revised cut-off period, replacing the previously longer mobilisation window. The facility is intended to encourage foreign currency inflows, while banks use the FCNR(B) scheme to mobilise foreign currency deposits through attractive interest rates.
    August 17, 2026
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    Banking sector review panel will align future growth with financial stability, inclusion and consumer protection through government recommendations.
    High Level Committee on Banking for Viksit Bharat is proposed to comprehensively review the banking sector and align it with India's next phase of growth. It is intended to safeguard financial stability, financial inclusion and consumer protection, while providing views and recommendations to the Government on banking-sector development and reform.
    August 17, 2026
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    Prime Minister Internship Scheme enhances youth employability through paid industry exposure, cross-field learning, workplace readiness and potential full-time employment.
    The Prime Minister Internship Scheme provides paid internships with leading companies across India to improve youth employability through practical workplace exposure, industry experience and skills development. It addresses the gap between classroom learning and employers' expectations of workplace readiness. Participation is not confined to academic qualifications, allowing youth to pursue fields of interest and gain hands-on professional learning. Strong internship performance may lead to full-time roles, while the scheme stresses responsible work where errors may affect quality, consumer safety and organisational reputation.
    August 17, 2026
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    SAFTA origin fraud in areca imports allegedly enabled improper duty exemption through false Bangladeshi-origin declarations.
    SAFTA preferential duty treatment for areca-nut imports was allegedly misused by falsely declaring goods originating in South-East Asian countries as Bangladeshi origin. Since areca nuts normally attract 100% basic customs duty, the scheme sought to obtain the full SAFTA exemption reserved for qualifying Bangladeshi goods meeting Rules of Origin requirements. The alleged mechanism included routing goods through Bangladesh, changing containers and bags, using improperly obtained Certificates of Origin, and facilitating clearance through importers, Customs Brokers and IEC holders. Investigative findings also indicated cash proceeds, hawala channels and dummy entities.
    August 17, 2026
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    FCNR(B) concessional swap facility closure may reduce temporary foreign-currency inflow support and heighten rupee weakness concerns.
    The Reserve Bank of India restricted its concessional swap facility for FCNR(B) deposits to deposits mobilised by August 31, advancing the earlier cut-off date. The facility was intended to encourage foreign-currency inflows, while banks mobilise such deposits through attractive interest rates. Market commentary indicated that existing inflows may support the rupee in the near term, but the curtailed availability of the facility could reduce this temporary cushion and increase depreciation risk.
    August 16, 2026
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    Temporary tariff suspension for earthquake recovery is sought to ease pressure on affected Colombian businesses.
    Temporary suspension of high tariffs on Colombian products has been sought to support business recovery following a severe earthquake declared a natural disaster. The request links tariff relief to economic disruption affecting businesses amid extensive destruction, injuries and missing persons. United States emergency assistance has been provided through food, shelter and health supplies, while no response to the tariff-suspension request had been reported.
    August 16, 2026
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    Port-led industrial development and direct export operations aim to expand logistics infrastructure, market access and trade connectivity.
    Mission Samudra is proposed as a port-led industrial and logistics development programme linked to the commencement of export-import operations at Vizhinjam seaport. It covers industrial clusters, new cities, port connectivity, logistics, development initiatives, programme management and capacity building. Direct export shipments are intended to improve overseas-market access and reduce transit time and logistics costs, particularly for small and medium enterprises. The framework also anticipates growth in warehousing, cold storage, container freight stations and logistics parks, supported by private participation and road and rail connectivity.
    August 16, 2026
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    Electric vehicle export diversification strengthens India's presence across European, Asia-Pacific and Latin American markets through expanding overseas demand.
    India's electric motor car exports expanded sharply in the first quarter of 2026-27, reflecting increased international acceptance and competitiveness of India-manufactured electric vehicles. Europe became the principal export destination, led by Spain and the United Kingdom, with further demand across several European markets. Exports also reached Asia-Pacific markets, Nepal and emerging Latin American destinations. This wider market presence reflects improving quality and safety standards, stronger integration into global electric-vehicle supply chains, and diversification of India's electric-vehicle export profile.
    August 16, 2026
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    LPG production preparedness requires refiners and upstream producers to maintain capacity and increase output during supply constraints.
    Government has established a standing LPG production preparedness framework under which refining companies, oil marketing companies and upstream producers may be directed to increase production during supply constraints. Companies must maintain adequate LPG storage, evacuation and transportation infrastructure and pursue technically and economically feasible production-enhancing measures. Written directions may prescribe production quantities and periods, including restrictions on alternative uses of input streams required for LPG. The production schedule is updated twice yearly to reflect new facilities and added capacity from infrastructure, technology and distribution improvements.
    August 16, 2026
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    Free trade agreement market access requires MSMEs, farmers and exporters to meet global quality standards.
    Free trade agreements expand market-access opportunities for Indian MSMEs, exporters and producers through reduced or eliminated import duties on traded goods. Textiles, machinery, medicines, seafood and agricultural products can access international markets where they meet global standards and remain competitively priced. Farmers and producers are encouraged to develop export-oriented products, including chemical-free agricultural produce, while MSMEs may use preferential trade access to support manufacturing, exports, employment and growth.
    August 15, 2026
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    Chemical-free farming can strengthen agricultural exports by meeting global standards and responding to rising international demand.
    Chemical-free farming is urged to meet growing global demand and expand agricultural exports. Agricultural products must meet global parameters to facilitate access to international markets, including markets opened through free trade agreements. Food processing, export-oriented farm production, and global branding of traditional cuisine, millets, spices, fruits and flowers are identified as important elements of agriculture and food production policy.
    August 15, 2026
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    Voluntary foreign asset disclosure allows eligible taxpayers to regularise overseas holdings with immunity from further tax, penalties and prosecution.
    FAST-DS permits eligible taxpayers to disclose specified undisclosed foreign assets, foreign income, and foreign assets omitted from return schedules. Undisclosed assets or income not previously offered to tax may be declared up to Rs 1 crore on payment of an effective 60 per cent levy, based on fair market value as of 31 March 2026. Assets already offered to tax, or acquired during non-resident status but omitted from the return schedule, may be declared up to Rs 5 crore on payment of a fee. Valid declarations provide immunity from further tax, penalty and prosecution, while declared amounts are excluded from total income.
    August 15, 2026
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    Global pharmaceutical leadership is urged through Indian firms achieving top-five status, supported by generic manufacturing and export capacity.
    Indian pharmaceutical companies are urged to attain representation among the world's five leading pharmaceutical firms, despite India's established position as a major producer of generic medicines. India has a broad manufacturing base, supplies generic medicines across numerous therapeutic categories, and exports to worldwide markets including highly regulated jurisdictions. Although pharmaceutical exports and the domestic market have expanded, Indian firms have not yet secured positions among the largest global companies. Greater international scale may be supported through acquisitions and expanded established-brand and branded-generic operations.
    August 15, 2026
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    Foreign asset voluntary disclosure permits eligible small taxpayers to regularise qualifying assets through tax, additional levy, and statutory immunity.
    FAST-DS permits eligible small taxpayers to voluntarily disclose specified foreign assets or foreign income. It covers undisclosed foreign assets or income not offered to tax, subject to an aggregate value threshold of Rs 1 crore, and certain foreign assets omitted from the relevant return schedule, subject to a Rs 5 crore threshold and prescribed fee. Payment comprises 30 per cent tax and an additional equal amount. Disclosed income or investment is excluded from total income, with immunity from further tax, penalty and prosecution under the Black Money Act for the disclosed asset or income.
    August 15, 2026
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    Free trade agreement opportunities require MSMEs to meet global standards and expand exports across textiles, machinery, medicines and seafood.
    Free trade agreements are presented as export-market opportunities for Indian MSMEs because they reduce or eliminate import duties on a substantial range of traded goods. MSMEs are urged to expand exports of textiles, machinery, medicines and seafood, including shrimp, by meeting global quality standards and offering products competitively. Their export role is linked to self-reliance and their significant contribution to manufacturing, exports, GDP and employment.
    August 15, 2026
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    Windfall gains tax on petroleum exports was reduced to support domestic fuel availability and limit export price advantages.
    Special additional excise duty (windfall gains tax) on exports of petrol, diesel and aviation turbine fuel was reduced from 15 August 2026. Petrol export duty was reduced to nil, and export-duty rates on diesel and ATF were lowered. Duty rates for petrol and diesel cleared for domestic consumption remained unchanged. The export-duty framework seeks to maintain domestic petroleum-product availability and limit export advantages arising from higher global crude oil prices amid West Asia tensions.

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      Chandigarh University Secures 1st Rank among Private Universities in India for 3rd Consecutive Year in QS Asia University Rankings 2026

      November 6, 2025

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      Chandigarh University Joins Elite League of Top Asian Universities, Secures 16th Rank among All Private Universities in the World's Largest Continent: QS Asia University Rankings 2026 CHANDIGARH, India, Nov. 4, 2025 /PRNewswire/ -- Chandigarh University has yet again continued its remarkable rise in the QS Asia University Rankings 2026, emerging as India's Number 1 Private University consecutively for third year. Prior to that, Chandigarh University had secured 1st Rank among all Private Universities in India in 2024 and 2025 as well. Chandigarh University has secured 16th Rank among Private Universities in Asia. While IIT Delhi secured the top position amongst Public Universities, Chandigarh University has emerged as the number 1 University amongst the private universities in India in QS Asia Rankings 2026. Chandigarh University has made a big leap by featuring in the top 110 universities of Asia and among top 20 private universities in Asia, the University has secured 8th position among all public and private universities in India. Chandigarh University has yet again emerged as one of the top universities in Asia by rising 11 places to achieve 109th rank among all Asian universities in the QS Asia University Rankings 2026, published by the London-based university ranking organization QS. With this, Chandigarh University has joined the elite league of IITs, IISc, JNU and is ranked ahead of several IITs and NITs. Moreover, Chandigarh University has leapfrogged to secure better ranks than many international universities in top Asian countries including China, Japan, South Korea among others. Chandigarh University has significantly improved its position in the QS Asia University Rankings, rising from 185th place in 2023 to 109th place in 2026, reflecting an impressive growth of 41.08% over the past three years on the basis of its robust performance on most indicators. Besides moving ahead of many IITs and NITs, Chandigarh University has surpassed many international universities in the QS Asia Rankings 2026, including the universities from China, Japan, and South Korea and other nations. With this Chandigarh University has become the youngest university to secure the top rank in all public and private universities in India improving its overall score from 52.5 in 2025 to 66.6 in 2026 based on performance indicators including Employer Reputation, International Faculty Ratio, International Research Network, International Student Ratio, Academic Reputation, Faculty Student Ratio, Outbound Exchange Students, Inbound Exchange Students, Papers per Faculty, Citations per Paper and Staff with PhD. Overall, Chandigarh University improved its score for most performance indicators. While Chandigarh University secured 1st Rank in Employer Reputation among private universities, the varsity clinched 6th place among public and private universities in India. In Asia, CU has secured 53rd place in Employer Reputation. CU has also achieved the 2nd Rank in Academic Reputation among private universities and 11th Rank among Public and Private universities in India. In Asia, CU has secured 115th place in Academic Reputation in the QS Asia University Rankings 2026. Chandigarh University climbed 112 places in International Research Network to feature among top 100 universities in Asia by securing 94th place in Asia this year. The university figured among top HEIs in Citations per Paper, Papers per Faculty and Staff with PhD. Celebrating Chandigarh University's marvellous performance in QS Asia Ranking 2026 and consistent rise in the rankings in recent years, with the varsity management, staff, officials and students at the campus in Mohali, Member of Parliament (Rajya Sabha) and Chandigarh University Chancellor, Satnam Singh Sandhu, said, "It indeed is a proud moment that Chandigarh University has been recognised as one of the top universities in Asia and improved 11 places to achieve 109th place among higher educational institutions in the largest continent in the world. Chandigarh University has also been ranked number 1 among all Indian private universities for third consecutive year which indeed is a marvellous feat. Chandigarh University has also been ranked among the top 20 Asian universities by securing 16th Rank among all Private Universities in the world's largest continent. We see that Chandigarh University risen from 271-280 place in 2022 to 109th place in the 2026 Rankings which is an increase of about 170 places." "With highest 294 universities featuring in the QS Asia Universities Ranking in 2026 and 133 new entrants this year, India has become one of the largest educational hubs in the world's largest continent. There has been an increase of 149 per cent in number of Indian universities that has ranked amongst the top Asian universities during the last four years. From 118 universities in 2023 to 294 universities in 2026. This speaks volume about the resolute commitment of PM Modi to transform the educational landscape of India in recent years," added Sandhu. "Chandigarh University students and faculty members have authored over 17,000 research publications, filed more than 5034 patents in diverse domains and successfully launched over 150 Start-Ups. CU has more than 515 international collaborations with top global universities in more than 100 countries. The varsity allocates an annual funding of Rs 15 crores to carry out research and innovation-related projects. Chandigarh University's Technology Business Incubator (CU-TBI) has secured 1st place by filing highest 1126 patent applications in 2023-24, among all scientific research and development organizations in India. More than 3,000 international students from 65 countries study at Chandigarh University and over 2,000 students from CU have visited prestigious global universities to pursue their academics," added Sandhu. "The latest QS Asia University Rankings show that we have improved in almost all areas compared to previous years. This achievement is a testament to our unwavering commitment to the areas of excellence measured in the rankings. Rankings such as these are not just about numbers; they reflect the collective effort of our faculty, staff, and students. They highlight our dedication to pioneering research, our success in preparing graduates for impactful careers, and our ability to provide a transformative learning experience. We remain dedicated to continuous improvement and innovation, driving forward with the same passion and determination that has brought us this far. We will continue to improve in all areas, including research impact, research and development, education, employability, sustainability, international orientation and cooperation between university and industry," Sandhu added. Deep Inder Singh Sandhu, Senior Managing Director, Chandigarh University, said, "The consistent improvement in national and international rankings exemplify the unwavering commitment of the University to impart quality education to young minds. Owing to the education-centric policies of Modi government, India has made significant strides in the global academic landscape in the last 11 years. India has emerged as a global educational hub in recent years and become one of the most sought-after destinations to pursue higher education." "Chandigarh University was ranked among India's top 20 universities in the NIRF Rankings 2025 and the stellar rise of the university in latest the QS Asia University Rankings 2026 is another hugely positive result for Chandigarh University as we continue to improve in the national and global rankings against increasing competition. It reinforces the work that we are doing to ensure that Chandigarh University remains the most preferred university for the excellent researchers, educators and students who seek an institution to match their ambition," he added. "Chandigarh University was the youngest University to feature in the top 200 HEIs in QS Asia University Rankings 2023. So, our consistent rise in the QS Asia University Rankings and secure 109th rank in just four years since then clearly reflects the academic excellence achieved in such a short span of time. This consistent rise recognises the CU as one of the leading universities not just in India but in the world's largest continent as well. The fact that CU has improved its position amongst the best-performing universities in Asia to improve its ranking in the coveted QS University Rankings shows our ability to translate ideas into real impact. Our success in this year's QS Asia University Rankings further underlines the fact that we deliver the highest quality academic experience at the Chandigarh University, stretching and challenging our students with an outstanding research-intensive global education," he added. 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: https://www.cuchd.in/ Photo: https://mma.prnewswire.com/media/2813160/QS_Asia_Ranking_Chandigarh_University.jpg' alt='Embedded Media' /> (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.)/. PTI

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