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    Rupee falls 8 paise to 95.25 against US dollar in early trade
    APEDA Facilitates First-Ever Export of GI-tagged Mithila Makhana by Sea Route from Bihar to Australia
    Government signs strategic MoUs with key industry leaders and ecosystems to strengthen support to StartUps
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    August 10, 2026
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    Foreign-exchange market conditions weakened the rupee as stronger dollar and crude prices offset support from reserve growth and inflows.
    Foreign-exchange market conditions saw the rupee weaken against the US dollar in early trading, influenced by a stronger dollar and higher global crude oil prices. Foreign institutional equity inflows and increased foreign-exchange reserves moderated pressure on the rupee. Market attention remained focused on developments in West Asia and the Reserve Bank of India, alongside movements in the dollar index, crude oil prices and domestic equity markets.
    August 10, 2026
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    GI-tagged Mithila Makhana export facilitation expands sea-route market access while supporting quality compliance and farmer-linked value chains.
    Export facilitation for GI-tagged Mithila Makhana enabled the first commercial sea-route shipment from Bihar to Australia. APEDA, in association with the Bihar agriculture department, supported market access, coordination, capacity building and stakeholder engagement. The export model is intended to improve farmer price realisation, require adherence to global quality standards, and strengthen growers, processors and exporters. A separate HS Code for Makhana has taken effect under the Finance Bill, 2025, supporting product-specific trade classification.
    August 10, 2026
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    Startup ecosystem support expands through digital payments, cloud access, AI innovation, investment readiness, governance support and global market programmes.
    DPIIT has entered into strategic MoUs to support DPIIT-recognised startups through payment infrastructure, entrepreneurship development, cloud technology, mobility innovation, investment readiness and global-market access. Eligible startups may receive payment and cloud support, technical training, mentorship, startup formalisation assistance, market and investor connections, AI and mobility enablement, and programmes addressing governance, financial readiness, compliance and international expansion. The collaborations promote innovation across digital payments, clean energy, artificial intelligence, climate technology, advanced manufacturing, mobility and automotive technology.
    August 10, 2026
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    UPI transaction charges remain unavailable for consumers and person-to-person payments, while limited threshold-based merchant MDR may be considered.
    Proposed amendment of section 10A of the Payment and Settlement Systems Act, 2007 is intended to support UPI sustainability, technological advancement and resilience. Consumer payments and person-to-person transactions are to remain free. Any future merchant discount rate would apply only to limited merchant transactions above a threshold, at a nominal rate, while most merchant transactions remain free. The framework supports investment in cybersecurity, fraud prevention and infrastructure, alongside a self-sustaining and inclusive digital-payment ecosystem.
    August 10, 2026
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    Fair competition cooperation in renewable energy markets advances knowledge-sharing and evidence-based enforcement across interconnected digital and energy markets.
    BRICS competition authorities adopted a Joint Statement strengthening cooperation to promote fair competition, including in renewable energy markets. Cooperation focuses on dialogue, knowledge-sharing and consideration of cross-border competition challenges in digital markets, emerging technologies and the energy transition. Competition enforcement is to remain principled and evidence-based, supporting efficiency, consumer welfare, innovation and merit-based competition. A collaborative renewable-energy competition study identified evolving market dynamics and areas for future cooperation.
    August 10, 2026
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    Cost optimisation in public finance strengthens investment decisions, risk allocation, indigenous manufacturing and value-driven government expenditure through specialised financial expertise.
    ICoAS cost optimisation supports public financial management through prudent resource utilisation, financial oversight and improved cost management across government. Its role includes supporting indigenous manufacturing, better investment decisions, efficient public expenditure and maximum value for public spending. With greater private-sector participation and Public-Private Partnerships, ICoAS officers are expected to promote cost efficiency, appropriate risk allocation and sound project structuring. Capacity building emphasises integrity, financial modelling, data visualisation, analytical frameworks and artificial intelligence for improved public-finance management.
    August 9, 2026
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    Co-operative development financing would expand through direct assistance, share-capital participation and wider operational powers for sectoral support.
    National Cooperative Development Corporation (Amendment) Bill, 2026 proposes to broaden the Corporation's mandate to promote co-operative development. It would permit direct loans and grants to co-operative societies and other entities engaged in co-operative development, where funds are used for co-operative purposes. With Central Government approval, the Corporation could participate in the share capital of such entities. The proposals also expand the meaning of foodstuffs, remove geographical restrictions for industrial-goods assistance, and provide additional functional powers.
    August 9, 2026
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    GST compliance failures and electricity subsidy controls raise allegations of financial irregularities and potential losses to the public exchequer.
    Allegations based on a Comptroller and Auditor General report identified purported GST compliance failures involving outstanding tax liabilities, e-way bills generated after cancellation of GST registrations, limited bill scrutiny, non-compliance, and turnover mismatches. The allegations also concerned electricity subsidies extended to consumers with prolonged zero bills or apparent non-residence, presenting these issues as possible financial irregularities and losses to the public exchequer.
    August 9, 2026
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    Money-laundering prosecution complaints allege fund diversion through shell entities, credit-facility evergreening, layered transactions and fictitious project expenditure.
    Money-laundering prosecution complaints allege that funds from toll-road projects and credit facilities were diverted through group companies, contractors, shell entities and conduit accounts. In the toll-road matter, allegedly sham or back-dated subcontracting arrangements and subsequent documentation were used to portray transfers as genuine project expenditure. In the credit-facilities matter, fresh facilities were allegedly used to repay, rotate and evergreen earlier liabilities rather than for sanctioned end-use, with funds layered and presented as legitimate business expenditure or receipts. Attached assets are sought to be confiscated as alleged proceeds of crime.
    August 9, 2026
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    Direct Benefit Transfer pension disbursement replaces cooperative-bank doorstep delivery, while preserving home payments for beneficiaries unable to use bank accounts.
    Direct Benefit Transfer of social security and welfare pensions to Aadhaar-linked bank accounts is intended to replace cooperative-bank doorstep delivery, except for bedridden and similarly situated beneficiaries. The change addresses delays in remitting undistributed pensions, deficient record updates and reconciliation, duplicate payments, delivery incentives, and compliance with Direct Benefit Transfer norms. Criticism focuses on beneficiary access to linked commercial-bank accounts, possible minimum-balance deductions, exclusion of cooperative banks, and the effect on doorstep-delivery workers.
    August 8, 2026
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    Engineering business growth supported Raymond's first-quarter performance, with export expansion, capacity investment and net-debt-free financial flexibility.
    Raymond Limited reported unaudited first-quarter FY27 growth in total income, EBITDA and profit before tax before exceptional items, while remaining net-debt-free with a net cash surplus. Its Engineering business comprises Precision Technology & Auto Components and Aerospace & Defence. Growth in the former was attributed to export expansion, operating leverage, product mix and cost reductions. Aerospace & Defence growth was linked to production for global OEMs, portfolio expansion and increased capacity, although margins were affected by targeted research and development investment. Forward-looking statements remain subject to regulatory, political, economic and technological risks.
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    Urban cooperative bank regulation promotes licensing, governance, compliance support and cybersecurity measures to strengthen stability and depositor confidence.
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    August 8, 2026
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    Korean food export promotion combines buyer consultations, regulatory guidance and consumer experiences to support entry into Indian and South Asian markets.
    Korean food export promotion in India and South Asia combined business consultations with consumer-facing activities. Individual meetings connected Korean exporters with regional buyers and generated memoranda of understanding for products including frozen gimbap, ginseng wine and kombucha. Exporters received on-site guidance concerning non-tariff barriers, including food import customs clearance and certification requirements. Preparatory online sessions addressed import procedures, regulatory matters and consumer trends, while consumer events promoted Korean food through tasting, retail and experiential activities.
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    Illegal immigration enforcement prioritises dismantling entry, documentation and employment networks while requiring citizens to report information through police channels.
    Illegal immigration enforcement involves continuous identification and verification operations, coordination with relevant officials, and confidential investigation of networks facilitating entry, identity documentation, accommodation and employment. Enquiries extend to intermediaries, contractors, Aadhaar procurement and verification practices, rather than focusing only on apprehended individuals. Citizen vigilantism, moral policing and social-media targeting of suspected migrants are discouraged because they may compromise investigations; information should instead be given through proper police channels.
    August 8, 2026
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    Technology, transparency and governance strengthen urban cooperative banks through modern customer services, depositor protection and cooperative-sector support.
    Technology adoption, transparency, sound governance and modern customer services are identified as necessary for urban cooperative banks to remain competitive. Banks are encouraged to join the sector's umbrella organisation and self-regulatory body, which provides capital, information-technology infrastructure and liquidity support. Protection of depositors' money remains a regulatory responsibility, while banks are expected to improve governance, train staff, adopt technology and enhance customer-centric services. Customer prosperity and reduced perception gaps between the central bank and urban cooperative banks are emphasised as measures to strengthen the sector.
    August 8, 2026
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    Authorised Dealer Category-II licensing expands permissible FEMA current account and foreign trade transaction services for cross-border payment customers.
    An Authorised Dealer Category-II approval under the Foreign Exchange Management (Authorised Persons) Regulations, 2026 enables Paul Merchants to undertake additional permissible non-trade current account transactions under FEMA, excluding gifts and donations, and foreign trade transactions within the applicable per-transaction limit. The approval supports foreign exchange and cross-border payment services, including overseas remittances for education, medical treatment, travel, and conference or event participation.
    August 8, 2026
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    Integrated investor claim portal modernisation advances digital KYC, streamlined verification, stakeholder-informed safeguards, and efficient investor claim settlement services.
    Integrated IEPFA Portal 2.0 is proposed to modernise investor claim processing through digital KYC, pre-filled Form IEPF-5, entitlement search, and a simplified e-Verification Report filing workflow. Stakeholder feedback included Aadhaar eKYC address validation, KYC for authorised representatives, entitlement-letter validation checks, bulk DSC and eSign functionality, integration of approved IEPF Form-4 data, lower-value share valuation using NSE and BSE data, and alerts for frequent address changes to prevent fraud.
    August 7, 2026
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    Foreign capital inflows supported the rupee despite geopolitical uncertainty, oil-price pressures, and volatile global market sentiment.
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    August 7, 2026
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    Energy security through diversified sourcing protected fuel supplies during Hormuz disruption and supports domestic exploration and alternative fuels.
    Energy security measures based on diversified crude oil and LPG sourcing, expanded infrastructure, increased domestic LPG production and alternative fuels were presented as maintaining fuel availability during disruption of shipping through the Strait of Hormuz. Domestic resilience is also linked to support for private deep-water oil and gas exploration, opening offshore acreage, and expansion of compressed biogas and ethanol blending. Ethanol-blended petrol testing identified limited contamination instances rather than a systemic issue, while excise duty reductions were described as cushioning consumers against global fuel-price volatility.

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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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