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    The Taxation and Other Laws Amendment Bill 2026 - Introduced in Lok Sabha on 4th August 2026
    RBI marginally raises FY27 GDP growth projection to 6.7 pc, lowers inflation forecast
    Collaboration, Inclusion and Entrepreneurship: How SIDBI MSME Samvaad Is Shaping the Future of India’s MSME Ecosystem
    RBI keeps policy rate unchanged for third time in row in FY27 amid West Asia crisis
    RBI keeps policy rate unchanged for third time in row amid West Asia crisis
    Markets climb in early trade on falling crude oil prices; RBI monetary policy decision awaited
    Rupee jumps 39 paise to 94.89 against US dollar ahead of RBI monetary policy decision
    Punjab govt committed to paying all valid dues; legal options being examined: FM Cheema
    ED searches multiple locations in Punjab, Chandigarh in PMLA case against PSIEC officials
    Rupee gains 9 paise against US dollar
    India, US working towards interim trade agreement: MEA
    Govt to adopt appropriate measures to mitigate fuel price volatility: MoS Finance
    Taxation laws (Amendment) Bill to attract more foreign capital, provide policy certainty introduced in LS
    Champion Mirabai Chanu Unveils MMTC-PAMP's 'Virasat' Recycled Gold Coin to Celebrate India's 80th Year of Independence
    Indian economy to hit USD 5-trillion mark in FY29 as per IMF: FM
    SVC Co-operative Bank Concludes 120th Annual General Meeting, Reaffirms Growth, Governance and Digital Focus
    Rupee falls 3 paise to close at 95.40 against US dollar
    Government Boosts MSME Financing Through SIDBI and ECLGS 5.0
    India's Market Opportunity is Growing, and the Trade is Taking Notice
    50,000 Students to Participate in Season 2 of the Franklin Templeton National Mutual Fund Olympiad 2026
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    August 5, 2026
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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.
    August 5, 2026
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    Industry collaboration strengthens MSME competitiveness through shared resources, market linkages, capability building and inclusive support for women entrepreneurs.
    MSME development is linked to collaboration, knowledge-sharing, institutional support and capability building. Industry associations can provide networking, policy advocacy, business intelligence, skills programmes, shared infrastructure and market linkages, while collective procurement, shared logistics, digital commerce and export readiness may improve competitiveness. Women-led enterprises benefit from market-oriented capability development, mentorship, continuous learning, professional networks, capacity-building programmes and institutional support. The Development of Industry Associations initiative is intended to connect associations and facilitate the sharing of best practices.
    August 5, 2026
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    Monetary policy rate maintenance continues under a neutral stance amid energy disruption, inflation concerns and sustained currency depreciation.
    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.
    August 5, 2026
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    Monetary policy rate pause maintains a neutral stance amid energy disruption, inflation concerns and sustained rupee depreciation pressures.
    Monetary policy rates were retained without change for a third consecutive review, with a neutral stance maintained amid uncertainty over energy prices and supply disruptions associated with the West Asia crisis. The policy assessment noted retail inflation above the medium-term target, alongside an upward revision to growth expectations and a downward revision to the inflation projection. Continued rupee depreciation was linked to higher oil prices, capital outflows, widening trade deficits and a stronger US dollar.
    August 5, 2026
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    Monetary policy expectations shape equity sentiment as softer crude prices and foreign investment support domestic financial assets.
    Equity market sentiment improved in early trading as lower crude oil prices and foreign fund inflows supported benchmark indices, while investors awaited the monetary policy decision. Softer crude prices, rupee recovery, improving global risk sentiment, resilient economic growth, corporate earnings and sustained foreign portfolio investment supported domestic financial assets, despite continuing global and geopolitical uncertainties.
    August 5, 2026
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    Foreign exchange market movement strengthens as lower crude prices and monetary policy signals influence the rupee's direction.
    Foreign exchange market movement saw the rupee appreciate against the US dollar in early trading, supported by lower crude oil prices, a softer dollar index, domestic equity gains and net foreign institutional investment. Market attention centred on the Reserve Bank of India's monetary policy decision, with expectations of an unchanged benchmark repo rate. Policy communication on inflation and developments in Hormuz-related talks were identified as factors that could influence the rupee's direction.
    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.
    Pending dearness allowance arrears of government employees and pensioners are to be cleared within a fortnight, with restraint on unproductive expenditure until admissible dues are paid. The government states that it will pay constitutionally and legally valid dues while examining the judgment, precedents and possible legal remedies. It attributes the arrears to delayed pay commission implementation and frozen dearness allowance, and states that a structured liquidation plan has been prepared and partly implemented.
    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.
    A money-laundering investigation under the Prevention of Money Laundering Act examines alleged irregularities in industrial-plot allotments involving corporation officials, private persons, property dealers and alleged benamidars. The inquiry concerns alleged use of fictitious firms and false addresses to obtain plots, allotments to relatives and associates, and alleged diversion or change of land use from industrial to residential purposes. These activities are alleged to have generated private gains while causing loss to the public exchequer.
    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.
    Rupee exchange-rate movement was supported by foreign capital inflows and improved global risk sentiment, while elevated crude-oil prices and a stronger US dollar constrained gains. Market attention shifted to monetary policy, overseas dollar-deposit incentives and easier foreign access to government bonds, which were reported to support capital inflows and India's external position. A cautious approach to the benchmark repo rate was expected amid assessment of the West Asia conflict.
    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.
    August 4, 2026
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    Fuel-price volatility mitigation will combine fiscal measures, consumer protection, energy security and fiscal sustainability during external energy shocks.
    Fuel-price volatility is to be mitigated through fiscal and administrative measures that protect consumers while maintaining fiscal sustainability. The approach includes monitoring revenue and expenditure, reprioritising spending, and using fiscal measures when economic conditions require. Reduced central excise duty on petrol and diesel moderated the impact of elevated international crude prices and partly offset under-recoveries of public-sector oil marketing companies. Longer-term measures include revenue mobilisation, import diversification, Strategic Petroleum Reserves, cleaner fuels and energy efficiency.
    August 4, 2026
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    Tax policy certainty reforms propose easier fund management, data-centre access, electronics incentives and revised electronic-payment charging rules.
    The proposed Bill seeks to simplify conditions for foreign investment funds using fund managers in India without being treated as carrying on business in India, while retaining safeguards against misuse and round-tripping. It proposes removal of approval requirements for foreign cloud companies using Indian data centres and permits leased operation of Indian data centres. It also extends tax support for foreign companies participating in electronics contract manufacturing and component warehousing, preserves tax-free dividends for REIT and InvIT investors in specified circumstances, and removes the prohibition on Merchant Discount Rate charges for notified electronic payment modes.
    August 4, 2026
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    Responsible precious-metals recycling supports recycled-gold products, organised buyback channels and a more self-reliant domestic supply chain.
    Responsible precious-metals recycling is promoted through a commemorative recycled-gold coin intended to support domestic recycling, responsible sourcing and a self-reliant supply chain. The product is described as having certified purity authentication, tamper-proof packaging, a unique identification number and an assayer-certified minted card. The initiative seeks to reduce dependence on imported gold and expand organised, transparent recycling infrastructure. An organised silver buyback programme is also described as supporting secure consumer sales and a circular economy for precious metals.
    August 4, 2026
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    Broad-based growth strategy links tax reforms, trade resilience, industrial support and services development to medium-term economic expansion.
    The growth strategy combines agricultural productivity, manufacturing, MSME support, infrastructure, logistics, ease of doing business, streamlined income-tax and GST reforms, innovation, digitalisation, human-capital development, energy security, public capital expenditure, foreign direct investment liberalisation, export promotion, fiscal prudence and price stability. Trade resilience is to be strengthened through expanded trade agreements, while manufacturing, services, agriculture and strategic sectors receive targeted policy support. The material also reports secured-asset enforcement cases and recoveries by banks under the SARFAESI framework during FY25.
    August 4, 2026
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    Co-operative bank governance and financial disclosure support digital transformation, risk management, priority-sector lending and sustainable member-focused growth.
    Co-operative bank governance and financial disclosure were addressed at the annual general meeting, where the member-notice agenda was transacted and audited financial statements were presented. The bank reported growth in business, deposits and advances, together with net profit, asset quality, provisioning coverage and capital adequacy indicators. Its operational priorities include digital transformation, risk management, selective network expansion, customer service and operational discipline. Future priorities include retail and priority-sector lending, MSMEs, affordable housing and institutional deposits.
    August 4, 2026
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    Foreign-exchange market conditions weakened the rupee as oil prices, domestic equities and dollar strength shaped near-term currency expectations.
    The rupee weakened against the US dollar amid elevated crude oil prices, weaker domestic equities and a stronger dollar index, while foreign fund inflows moderated the decline. Attention shifted to the central bank's monetary policy meeting, with continuation of the existing benchmark policy rate anticipated. Earlier measures encouraging overseas dollar deposits and facilitating foreign participation in government bonds were reported to support capital inflows and India's external position.
    August 4, 2026
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    MSME credit expansion combines SIDBI lending initiatives with guaranteed additional working-capital facilities for eligible borrowers.
    MSME credit access is being expanded through SIDBI's branch network, direct lending, refinance support, co-lending arrangements, affordable credit for informal micro-entrepreneurs, and invoice-based digital credit for micro enterprises. Emergency Credit Line Guarantee Scheme 5.0 enables eligible MSMEs to obtain additional credit linked to peak fund-based working-capital outstanding, with full guarantee coverage for member lending institutions against defaults on the additional facility. The scheme also covers scheduled passenger airlines under distinct eligibility and guarantee parameters.
    August 4, 2026
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    Furniture and interiors sourcing platform connects Indian manufacturers with domestic and international trade buyers through direct procurement opportunities.
    imm india 2026 is presented as a business-to-business sourcing platform linking Indian furniture, home de cor, rug, carpet, mattress and handicraft manufacturers with domestic and international trade buyers. It is intended to provide direct manufacturer access, design-led sourcing and project-scale procurement opportunities for architects, designers, retailers, hospitality professionals and real estate developers. The programme includes a hosted buyer initiative, industry conferences, knowledge sessions and awards addressing innovation, sustainability, craftsmanship and design.
    August 4, 2026
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    Financial literacy Olympiad builds students' practical understanding of mutual funds, financial planning, market concepts and responsible investment participation.
    Financial literacy and investment awareness are promoted through a nationwide, multi-level educational competition for undergraduate and postgraduate students. Participants are assessed on mutual funds, investment fundamentals, financial planning, market concepts and long-term wealth creation, with exposure to market-linked products including ETFs, portfolio management services, alternative investment funds and specialised investment funds. The initiative combines academic institutions and financial-sector participants to improve practical investment knowledge, informed decision-making and responsible participation in investment markets.

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      With 5519 Patents and 20,000+ Research Publications Chandigarh University ranks amongst India's Top Research - Intensive Universities

      December 22, 2025

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      44 Faculty of Chandigarh University features amongst World’s Top 2% Scientists Chandigarh, India (NewsVoir) The rapid advancements in the world of technology in recent decades have completely transformed the global landscape of higher education and today, the academic institutions world over are laying extensive focus on research in imparting education. As a result, unlike in the past, the universities have been transformed into not just knowledge dissemination centers but also modern hubs of knowledge creation as well. Realizing the importance of research in education, Chandigarh University has nurtured an academic ethos centered on research. Delivering yet another strong performance in research, India’s No. 1 private university, Chandigarh University, has secured the 9th position in International Research among all private universities in India and 12th rank among all universities nationwide, as per the QS Asia University Rankings 2026. Chandigarh University also delivered a stellar performance on its debut in the Research category of the NIRF Rankings 2025, securing the 7th rank among private universities and the 34th position among all universities in India. Chandigarh University with its research-intensive, innovation-driven and unique experiential learning model has been nurturing next-generation of leaders in emerging domains. Over 5,000 Research Publications, 1247 Patents Filed & 943 Published in 2025 Chandigarh University students and faculty members have authored over 20,000 research publications and filed more than 5519 patents out of which 5212 patents published, and 238 patents were granted in diverse domains. In 2025 alone, CU students filed 1247 patents, 943 published and 25 patents were granted. During January to December 2025, Chandigarh University students filed patents across diverse domains including Computer Science Engineering 734, Electronics Engineering 81, Mathematics 78, Physics 72, Mechanical Engineering 40, Aerospace Engineering 33, Electrical Engineering 29, Biotechnology 26, Optometry 23 and Chemistry 21. As per Office of Controller General of Patents, Designs, Trademarks and Geographical Indications (report 2023-24), Ministry of Commerce & Industry, 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. CU has also been ranked among the top 5 institutions in filing the highest number of patents in the last 5 years. CU-TBI provides an opportunity to incubate at the varsity and mobilize Rs 5 crore to catalyze growth in the startup ecosystem at CU which has 200 departmental research groups. CU has more than 2100 visiting international faculty members including 560 international research network scholars. In the last 5 years alone, CU has received INR 90 Crores for research and innovation projects from the Ministry of Science & Technology. Innovation and Entrepreneurship Development cell (IEDC) facilitates the student with financial support from the university to fund their projects. Chandigarh University Nurturing Future Scientists: 44 Faculty Members Features in Stanford University–Elsevier 2025 List of World’s Top 2% Scientists Showcasing the growing global research impact and influence of Chandigarh University, as many as 44 faculty members from varied academic domains were featured among the world’s top 2 per cent scientists as per the Stanford University–Elsevier list released in 2025. These prestigious institutions release a large database that identify scientists whose published work is in the top 2% by citation impact in their field based on Scopus citation data and composite citation indicators. This list is an important benchmark for assessing scientific excellence and used globally for academic recognition, funding opportunities and international collaborations. CU faculty members have been featured in the coveted Stanford–Elsevier list of the world’s top 2% scientists, representing a wide spectrum of disciplines. These include Artificial Intelligence; Optoelectronics and Photonics; Mechanical Engineering and Transport Engineering; Chemical Engineering; Environmental Sciences; Materials Science; Applied Physics; Legal and Forensic Medicine; Electrical and Electronic Engineering; Inorganic and Nuclear Chemistry; Microbiology; and Neurology and Neurosurgery among others. 15 Industry-Sponsored High-Tech R&D Labs, COEs and 60 Research Centres at CU Nurturing Future Leaders in Emerging Areas Chandigarh University houses as many as 32 Industry-sponsored Advanced Research Labs and Centers of Excellence (COEs) established by leading multinational corporations such as Microsoft, Cisco, Hyundai, Adobe, LinkedIn, Tech Mahindra, Capgemini and IBM among others that play a crucial role in elevating capabilities of students and faculty members through exposure to live industry projects. Apart from this, CU also houses 60 research centers. For Engineering students, CU has tied-up with industry leaders that provide hands-on training to students with high-tech labs including Microsoft Innovation Center, Google Android Lab, Adobe Express Lounge Lab, Cloud Computing Lab, Oracle Academy, Tech Mahindra IMS Academy, Unisys Innovation Lab, EMC Academic Alliance, Microsoft Global Technical Support Center, Red Hat Academy Lab, SAP Next Gen Lab, Infor Lab and Microsoft Azure LAAS (Learning as a Service) platform, BOT lab, Bosch Bridge Centre and Cisco Networking Lab among others. For Automobile Engineering students, CU has tied-up with industry giants that established high-tech labs including Mahindra and Mahindra T-School, Honda Research and Skill Development Centre, Hyundai Professional Development Centre, VE Commercial Training Centre, MG Motors Lab, Eicher – CU Centre of Excellence in Automobile engineering lab, Vehicle Maintenance and Diagnostic Lab. Pushing frontiers of space science, CU students at the state-of-the-art Kalpana Chawla Centre communicate with all countries' Ground Station, which are members of SatNOGS, research on 3D Printed Aluminum/Plastics Structures that can be used in SPACE explorations Model Rocketry Lab and Star Gazing Center are all providing them platform to become space scientists. Launched Campus Tank, India’s First University-led Startup Launchpad with $6 Million Funding Pool for Young Innovators The academic ethos nurtured here at Chandigarh University does not stop at filing patents but translates its research output from papers to products, nurturing a culture where innovation moves from laboratories to the marketplace. Strengthening this robust innovation-to-enterprise ecosystem, Chandigarh University, India’s leading private university in collaboration with leading job platform Apna and prominent investment firm Venture Catalysts (VCats) has launched ‘Campus Tank’, India’s first university-led startup launchpad aimed at empowering young innovators to ideate, validate, and scale disruptive start-ups. CU students have successfully launched over 250 start-ups in diverse domains; to arm its students with research-intensive learning, the varsity allocates an annual funding of Rs 15 crores to carry out research and innovation-related projects. Research a​t Glance • Patents Filed: 5519 • Patents Published: 5212 • Patents Granted: 238 • Research Publications: 20,000+ • Industry Sponsored R&D Labs: 15 • Annual Research Budget: 15 Crores • Sponsored Projects from DST (In last 5 years): 90 Crores Top 10 Departments of Chandigarh University (Patents Filed in 2025) Discipline/Stream No of Patents Computer Science Engineering 734 Electronics Engineering 81 Mathematics 78 Physics 72 Mechanical Engineering 40 Aerospace Engineering 33 Electrical Engineering 29 Biotechnology 26 Optometry 23 Chemistry 21 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

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