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    Punjab extends deadline of one-time scheme for settling tax dues of pre-GST period till Sept 30
    PM Modi speaks to UK counterpart Burnham
    Bank credit to industry records robust growth of 19.2 pc in June: RBI data
    Delhi protesters' fingerprints collected from stones for identification via Aadhaar: BJP minister
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    Favara-UPI Cross-Border Payment Corridor Goes Live Between Maldives and India
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    July 31, 2026
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    One-Time Settlement Scheme offers final pre-GST tax dispute resolution relief before stricter recovery action against defaulters begins.
    The One-Time Settlement Scheme 2025 for pre-GST tax dues has been extended until September 30. Eligible taxpayers may resolve pending legacy tax disputes with full waiver of interest and penalties and slab-wise relief in principal tax. After the deadline, recovery action may be intensified under applicable tax laws and the Punjab Land Revenue Act, including property attachment, auction and freezing of bank accounts. The department also supports amicable settlement of tax disputes through the SAMADHAN initiative.
    July 31, 2026
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    Bilateral trade agreement implementation supports expanded trade, investment and strategic cooperation through technology, security, clean energy and community links.
    The India-UK Comprehensive Economic and Trade Agreement was identified as a framework for expanding bilateral trade and investment opportunities following its operationalisation. The two governments proposed closer cooperation to use the agreement for shared prosperity, while advancing their comprehensive strategic partnership through technology, innovation, defence, security, clean energy, education and people-to-people links.
    July 31, 2026
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    Sectoral bank credit growth reflects broad-based expansion across industry, services, agriculture and personal loans, with slower credit-card growth.
    Sectoral bank credit growth accelerated across non-food lending, agriculture, industry, services and personal loans. Industrial credit expanded across micro and small, medium and large enterprises, with strong lending to infrastructure, engineering, food processing, textiles, construction, metals, petroleum-related products and chemical products. Services lending was supported by non-banking financial companies, commercial real estate and trade. Vehicle and housing loans maintained double-digit growth, while credit-card outstanding growth decelerated.
    July 31, 2026
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    Biometric identification of protesters through alleged fingerprint-Aadhaar linkage was described alongside criminal-background profiling and database creation.
    Biometric identification of protesters through fingerprints recovered from alleged stone-pelting evidence was publicly described as a proposed investigative method. A minister stated that fingerprints allegedly found on stones would be linked with Aadhaar numbers to identify participants and examine their prior records. The account also referred to analysis and categorisation of detained protesters' criminal backgrounds, creation of a separate database, and proposed action against participants described as anti-social elements or persons with criminal records.
    July 31, 2026
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    Offshore hydrocarbon exploration support funds high-risk deepwater drilling, shared infrastructure and data acquisition to strengthen domestic energy production.
    The National Offshore Exploration Scheme provides public support for deepwater and ultra-deepwater oil and gas exploration, including seismic and offshore data acquisition, exploratory drilling in frontier basins, and common production and evacuation infrastructure. It addresses the high cost and geological uncertainty of offshore drilling and includes technology adoption, digital programme management, capacity building and collaboration measures. The scheme seeks to expand domestic hydrocarbon discoveries and production, attract investment across the exploration and production value chain, and reduce reliance on imported oil and gas.
    July 31, 2026
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    Foreign exchange reserves increased as foreign currency assets and gold holdings rose, alongside measures to attract forex inflows.
    India's foreign exchange reserves increased during the reporting week, principally because foreign currency assets and gold reserves rose. Foreign currency assets, expressed in United States dollar terms, include valuation effects from movements in currencies such as the euro, pound and yen. Special Drawing Rights and the reserve position with the International Monetary Fund declined. Measures including the FCNR(B) measure were reported as efforts to attract foreign-exchange inflows following rupee pressure and dollar-sales intervention.
    July 31, 2026
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    Digital marketplace access for women's self-help group products expands e-commerce opportunities while panchayat-level citizen services are strengthened.
    Digital marketplace access for women's self-help group products is proposed through a memorandum of understanding between CSC eStore and the Jharkhand State Livelihood Promotion Society. Products marketed under the 'Palash' and 'Adiva' brands are intended to be offered through an e-commerce network to widen market access, support rural women's income and entrepreneurship, and strengthen the rural economy. Digital panchayat services are also being expanded through Common Service Centres, including banking, e-governance and Aadhaar-related services.
    July 31, 2026
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    Agricultural export facilitation expands market access for late-season mangoes through farmer aggregation and direct global market linkages.
    Agricultural export facilitation enabled an air shipment of late-season Neelam and Totapuri mangoes to an international market, expanding market access and extending the mango export season. Direct sourcing through a Farmer Producer Company supported organised aggregation, quality produce, and export-oriented supply chains. Direct procurement and export market linkages enabled participating farmers to realise higher returns than conventional market channels while promoting horticultural export diversification.
    July 31, 2026
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    Cross-border digital payment integration enables real-time Favara transfers from Maldives mobile banking applications to UPI-enabled accounts in India.
    Cross-border digital payment integration between Favara and UPI enables individuals in the Maldives to make real-time person-to-person transfers to UPI-enabled bank accounts in India through mobile banking applications. Transfers are initiated in Maldivian Rufiyaa and credited in Indian Rupees. The initial service is available through participating Maldivian banks. Permitted remittances include family-maintenance transfers under foreign inward and outward remittance categories, and gift-related transfers under foreign outward remittance. Future phases are intended to introduce QR-based merchant payments and other digital payment services.
    July 31, 2026
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    Procedural Fair Hearing in competition inquiries requires notice when the Commission departs from investigative findings before imposing action.
    Competition law procedure requires the Competition Commission to notify and hear an opposite party when departing from the Director General's findings. The penalty order concerning alleged abuse of dominance in viscose staple fibre supply was set aside because Grasim Industries was not given an opportunity to respond to the Commission's disagreement with the investigative findings. The matter was remanded for fresh, time-bound consideration without a finding on the merits.
    July 31, 2026
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    Manufacturing contraction highlights weak domestic demand, property-sector pressure and continued reliance on technology-related exports for economic growth.
    Manufacturing activity in China contracted in July, as the official purchasing managers' index fell below the expansion threshold and new orders and production declined. Weak domestic demand, lower building activity and possible typhoon-related disruptions contributed to the slowdown. Consumer spending, investment and property-sector weakness continue to affect confidence, while technology-related exports support growth. Policy commitments include strengthening domestic consumption amid continued reliance on exports.
    July 31, 2026
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    Public-private partnership airport development strengthens aviation, cargo logistics, export infrastructure and sustainable connectivity through an integrated international airport project.
    The Bhogapuram airport project is being implemented under a Public-Private Partnership through the Design, Build, Finance, Operate and Transfer framework. It has obtained required aerodrome, safety, fire and environmental clearances and includes infrastructure for domestic and international aviation, passenger processing and airport security. Cargo and cold-chain facilities are intended to support exports and logistics integration, while recycled-water use and LEED Platinum standards form part of the project's sustainability features.
    July 31, 2026
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    Rupee appreciation against the US dollar continued as foreign inflows and lower crude prices supported domestic currency markets.
    Rupee appreciation against the US dollar continued in early trading, supported by foreign capital inflows and lower global crude oil prices. A stronger US dollar constrained further appreciation, while expectations of continued Reserve Bank of India intervention were cited as supporting the rupee. Declining Brent crude prices, gains in domestic equity indices and net foreign institutional investment in equities were also identified as relevant market factors.
    July 31, 2026
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    Value-added Makhana exports expand international market access, support quality compliance, and improve farmer returns through processing and branding.
    Agricultural export facilitation supported the first sea shipment of value-added flavoured Makhana from Bihar to Canada. Processed and packaged to international quality and food-safety standards, the export demonstrates the role of processing, value addition and export-oriented manufacturing in expanding overseas market access. The initiative is stated to improve farmer returns through value addition, while capacity building, export infrastructure, quality compliance, market linkages and stakeholder collaboration support the agri-export ecosystem.
    July 30, 2026
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    Market access for Indian pharmaceuticals remains central to bilateral efforts to promote sustainable trade and economic cooperation.
    Enhanced market access for Indian products, particularly pharmaceuticals, was raised in discussions aimed at strengthening bilateral trade and economic ties. The discussions addressed sustainable trade, and the sides agreed to increase mutual cooperation and communication. India continues to seek greater access to China's information technology, pharmaceutical and agricultural sectors, while pursuing increased pharmaceutical exports and Chinese investment. Bilateral trade increased, but India's trade deficit widened, reflecting an ongoing imbalance in trade flows.
    July 30, 2026
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    Money laundering asset attachment targets overseas bank deposits linked to alleged loan fraud and fugitive economic offenders.
    Provisional attachment under the Prevention of Money Laundering Act was reported against Singapore bank deposits held by a company promoter and associated entities in an alleged loan-fraud and money-laundering investigation. The underlying case arises from allegations of fraud, criminal misappropriation, criminal breach of trust and cheating affecting a consortium of lending banks. Service of the attachment order was reported through mutual legal-assistance arrangements, and the promoters had reportedly been declared fugitive economic offenders.
    July 30, 2026
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    Deposit interest rate uniformity requires equal rates for similar deposits, while allowing risk-based differentiation for bulk deposits.
    Banks must apply uniform deposit interest rates across branches and customers for similar deposit amounts accepted on the same date, without discrimination. Rates payable, including for bulk deposits, must strictly follow schedules disclosed in advance on bank websites. Bulk deposit rates must be published each business day at 10:00 am, subject to a short permitted delay. Differentiated bulk-deposit rates may be offered based on applicable differential run-off rates under the Liquidity Coverage Ratio framework.
    July 30, 2026
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    Supply-chain continuity measures prioritise energy, fertiliser and seafarer protection amid conflict-driven disruptions across critical maritime transit routes.
    Supply-chain continuity and energy security measures were reviewed in response to geopolitical conflicts disrupting maritime transit routes and imports. Measures included diversification of LPG procurement, maintenance of petroleum stocks, expansion of PNG, gas-grid, LNG and city-gas infrastructure, and pipeline connectivity approvals. Fertiliser requirements and alternative procurement sources were considered to ensure uninterrupted supply. A unified monitoring mechanism and support arrangements for seafarers, including timely information, emergency assistance and counselling, were directed to protect citizens, economic interests and the Indian diaspora.
    July 30, 2026
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    Property digital identity framework proposed through comprehensive surveys, floor-level records, and unique cards to improve ownership verification.
    The proposed Delhi Land Records Bill, 2026 contemplates a digital land-records framework requiring scientific surveys of every property, comprehensive authenticated digital records and a unique Property Aadhaar Card. The proposed system would cover rural and urban residential, commercial and other properties, including floor-level records for buildings. It is intended to improve ownership verification, property transactions, inheritance, loan access, building-plan approvals and transparency in land records.
    July 30, 2026
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    Supply-chain resilience amid maritime conflict drives measures to protect energy imports, fertiliser supplies, seafarers and overseas citizens.
    Supply-chain continuity was reviewed in response to conflicts affecting maritime routes through the Strait of Hormuz, the Black Sea, the Red Sea and the Gulf of Aden. The concerns included disruptions to imports of petroleum, natural gas, fertilisers and other essential goods, risks to ships and seafarers, and the safety of Indian citizens in conflict areas. Measures were considered to maintain uninterrupted imports, protect economic interests and address constraints affecting critical energy and trade corridors.

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      Chandigarh University Wins 11 Gold Medals; Lifts Overall AIU Inter-University Championship 2025-26

      January 10, 2026

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      Chandigarh University wins 16 Medals: Clinches championship trophy in Freestyle and Greco-Roman category Chandigarh, India (NewsVoir) Chandigarh University once again stamped its authority on Indian university sports by delivering a historic double triumph at the All-India Inter-University Wrestling Greco-Roman and Freestyle Championship 2025–26, clinching the Overall Championship titles in both Greco-Roman and Freestyle categories by winning a total of 16 medals including 11 Gold (6 in Greco Roman and 5 in Freestyle), 3 Silver (Freestyle) and 2 Bronze medals (1 each in both categories) in both categories.

      In Greco-Roman wrestling, Chandigarh University emerged as the undisputed champion finishing first overall, followed by Lovely Professional University in second place and Kurukshetra University in third. In Greco Roman, CU clinched the top spot with a total of 7 medals including 6 Gold 1 Bronze medal, Lovely Professional University (LPU) secured 2nd place with total 5 medals including 2 Gold and 3 Bronze medals and Kurukshetra University with total 3 medals including 1 Gold and 2 Bronze medals to secure 3rd place in the Greco Roman category.

      In GR category, CU grapplers clinched gold medals in six weight categories including commanding victories by Kapil Dalal (60 kg), Saurabh (67 kg), Umesh (82 kg), Prince (87 kg) and Hardeep (130 kg), many of them registering emphatic, one-sided wins that showcased superior strength, technique and tactical brilliance of these grapplers.

      Chandigarh University’s dominance continued in Freestyle wrestling, where the varsity again finished first overall ahead of MDU Rohtak and Lovely Professional University. Standout performances included gold medal wins by Tushar (61 kg), Deepanshu (65 kg) and Paras (79 kg) with several bouts decided by large margins reflecting the aggressive yet composed approach of CU wrestlers on the mat. With total 9 medals including 5 Gold, 3 Silver and 1 Bronze, CU secured 1st place in Freestyle category and MDU Rohtak, Haryana with total 3 medals including 1 silver and 2 Bronze medals to secure 2nd place and Lovely Professional University with total 3 medals including 2 Silver and 1 Bronze medals had to suffice with 3rd place in the same category.

      The prestigious five-day national championship held from January 5 to 9 under the aegis of the Association of Indian Universities (AIU) was hosted by the Chandigarh University and witnessed electrifying bouts amid biting winter conditions. The national wrestling championship saw participation from over 200 universities across the country with more than 2700 wrestlers competing in over 2000 bouts across 20 weight categories in Greco-Roman and Freestyle wrestling. Against this fiercely competitive contests, Chandigarh University grapplers delivered power-packed and disciplined performances, underlining the university’s growing stature as a powerhouse of university sports in India.

      Highlighting individual brilliance, Hardeep clinched gold in the Greco-Roman 130 kg category with an overwhelming 8–0 victory over Nitin of PU Gujarat, while Tushar dominated Kapil of JMAU Kota by 11–0 in the freestyle 61 kg final.

      In a final bout, Nishant from Gondwana University Maharashtra defeated Sourabh from LPU Punjab by 7-5 points to clinch Gold in 74 kg weight category.

      Deepanshu registered a convincing 10–0 win in the 65 kg freestyle category and Paras held his nerve in a thrilling 11–8 contest to secure gold in the 79 kg freestyle final. Several other CU wrestlers impressed with their resilience and tactical maturity, adding to the university’s rich medal haul.

      In another closely contested final bout, Manish from KUK Haryana defeated Nikhil from KN Modi University, Rajasthan by a margin of 9-6 points to win gold medal in Greco Roman 55 kg weight category.

      In a nail-biting final bout, Paras from Chandigarh University defeated Ankit from MSBU Rajasthan by 11-8 points to clinch gold medal in 79 kg freestyle category.

      In a final bout in freestyle 57 kg weight category, Rohit from KUK Haryana defeated Chandigarh University wrestler Rupesh by a margin of 4-1 to win the gold medal and Rupesh won the silver medal.

      In a one-sided contest, Kapil Dalal, a grappler from Chandigarh University defeated Sahil from BMU Haryana by 15-7 points to clinch the gold medal in the 60 kg Greco Roman category. In the Greco-Roman category (82 kg) final bout, Chandigarh University’s Umesh put up a spectacular display of strength and agility to defeat Vijay from GUG University by 12-2 points.

      In a nail-biting final bout, Prince from Chandigarh University defeated Ankit of Chaudhary Ranbir Singh University, Jind by 5-4 points to win gold in 87 kg Greco Roman category. In another final bout, Saurabh from Chandigarh University put on a spectacular show of strength and agility to defeat his opponent Sunil of Desh Bhagat University Punjab by 9-4 points to win gold medal in the 67 kg Greco Roman category.

      Earlier, several power-packed performances were witnessed in the semi-finals on the final day of the championship. In a semi-final bout, Rupesh from Chandigarh University defeated Akash from PU, Patiala by a margin of 6-5 points in 57 kg freestyle category and Rohit from KUK Haryana defeated Jaiveer from Mahatma Gandhi Kashi Vidyapeeth Varanasi by 8-2 points to secure place in the finals in the same category.

      In the semi-final bout, Manish from Kurukshetra University, Haryana defeated Nitin from LPU, Punjab by a margin of 9-3 points in the Greco-Roman 55 kg weight category. In another semi-final, Vikash from PU, Patiala defeated Omkar from SU, Kolhapur by a margin of 7-0 in a one-sided contest in 72 kg Greco-Roman category.

      In another one-sided contest, Mohit from Guru Kashi University Punjab defeated Suraj from KUK, Haryana by a huge margin of 9-0 in Greco-Roman 72 kg weight category. In semi-final bout, Dheeraj from Baba Mastnath University, Rohtak, delivered a remarkable performance, dominating Vinay Gurjar of Chaudhary Devi Lal University, Sirsa, winning the match with a decisive 11-0 margin. In the second semi-final, Sachin from Lovely Professional University, Punjab put on a spectacular show of strength and agility to defeat Atul Lohan of Sant Baba Bhag Singh University, Jalandhar by a thin margin of 9-8 points to advance to the final.

      Elated over the marvelous victory of Chandigarh University, while congratulating the CU grapplers, Deepinder Singh Sandhu, Senior Managing Director, Chandigarh University said, “It indeed is a proud moment for Chandigarh University that our wrestlers have delivered spectacular performances in the All-India Inter-University Wrestling Championship to become the overall champion by winning 11 Gold medals. With this brilliant performance, CU not only successfully hosted one of the largest inter-university wrestling championships in the country but also reinforced its reputation as a breeding ground for national-level sporting talent.” Sandhu added, “Wrestling is not merely a sport but its pride of our nation and an integral part of India’s rich cultural heritage. Chandigarh University remains committed to encouraging young athletes to participate in traditional sports as staying connected to our roots is essential for the nation’s progress and development. The university provides world-class infrastructure and scholarships to its athletes to help them progress from the akhara to the Olympic stage.” “In 2024, Chandigarh University became the country’s first private university to win the prestigious Maulana Abul Kalam Azad (MAKA) Trophy after securing a record 71 medals at the Khelo India University Games. In addition, the university won the Khelo India University Games for two consecutive years in 2024 and 2025. Chandigarh University students have won a total of 610 medals, including 138 national and 87 international medals. CU provides sports scholarships with an annual budget of Rs 6.5 crore and offers free facilities such as special diets, sports kits, travel, coaching, hostel accommodation, and other amenities. A total of 1,183 student-athletes, including 562 women, are currently benefiting from sports scholarships at Chandigarh University,” added Sandhu.

      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

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