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    Rupee settles with 5 paise gain at 95.17 against US dollar
    India weathered Hormuz disruption without fuel shortages: Puri
    RBI invites public comments on the draft Directions on ‘Credit Valuation Adjustment (CVA) Framework’
    RBI invites comments on the draft “Reserve Bank of India (Commercial Banks – Prudential Norms on Capital Adequacy) Eleventh Amendment Directions, ...
    87 Proposals Received under BHAVYA Scheme during First Round of Phase-I
    India successfully concludes the 16th BRICS Trade Ministers' Meeting in Jaipur under its BRICS Chairship 2026
    GeM Completes a Decade of Transforming Public Procurement with Cumulative GMV Exceeding ₹20 Lakh Crore
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    India's forex kitty swells by USD 10.5 bn to USD 692.87 bn
    Rs 5,000 cr credited to 6.22 lakh Maharashtra farmers so far under loan waiver scheme: Fadnavis
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    APEDA Organises BIOFACH INDIA 2026 to Promote India's Certified Organic Products and Expand Global Market Access
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    August 7, 2026
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    Foreign capital inflows supported the rupee despite geopolitical uncertainty, oil-price pressures, and volatile global market sentiment.
    Foreign capital inflows supported a marginal strengthening of the rupee against the US dollar despite global risk aversion arising from uncertainty surrounding negotiations affecting the Strait of Hormuz. Higher crude oil prices and weak domestic equity sentiment remained relevant pressures. Near-term currency movement was expected to depend on developments in the negotiations, weekend decisions, US employment data, the dollar index, crude oil prices, and the reported increase in foreign exchange reserves.
    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.
    August 7, 2026
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    Credit valuation adjustment framework revises derivative capital requirements through flexible basic approaches, hedge recognition, and risk-sensitive counterparty treatment.
    Credit Valuation Adjustment framework revisions align CVA capital treatment with final Basel III standards. Eligible banks may use the full or reduced basic approach, while banks with an insignificant volume of non-centrally cleared derivatives may calculate their CVA capital charge at 100 per cent of the counterparty credit risk capital charge. The draft also clarifies CVA hedge recognition, introduces risk weights sensitive to sector and credit quality, and separates systematic and idiosyncratic CVA risk in the full basic approach.
    August 7, 2026
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    Leverage ratio framework amendments propose Basel-aligned capital adequacy standards, with public feedback invited on the draft directions.
    Proposed amendments to the leverage ratio framework would revise Chapter VII of the 2025 Commercial Banks Prudential Norms on Capital Adequacy Directions to implement the Basel Committee's Leverage Ratio 2017 Standard. Public comments and feedback on the draft Eleventh Amendment Directions, 2026, are invited until August 28, 2026, through the designated online platform, postal submission, or email.
    August 7, 2026
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    BHAVYA Scheme project selection uses challenge-based evaluation of infrastructure, industrial ecosystems, and policy enablers under prescribed eligibility criteria.
    BHAVYA Scheme Phase-I proposals submitted by State and Union Territory governments will be evaluated and scored under prescribed eligibility and evaluation criteria. Challenge-based project selection considers connectivity and site suitability, quality of core, value-added and social infrastructure in the detailed project report, and the industrial ecosystem and policy enablers. The Scheme guidelines provide for completion of the first-phase selection process within one year from notification.
    August 7, 2026
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    Multilateral trade cooperation preserves developing economies' policy space while advancing MSME finance, diversified value chains and digital services.
    BRICS ministers adopted measures supporting a development-centred multilateral trading system with the World Trade Organization at its core, preservation of Special and Differential Treatment, binding two-tier dispute settlement, and developing economies' policy space for food security and public stockholding. MSME measures include study of an invoice discounting mechanism and credit-assessment principles focused on cash flow rather than collateral. Value-chain measures provide for a GVC Action Plan, technical cooperation, Special Economic Zone cooperation and digitised trade documents, alongside principles for trusted cross-border digitally delivered services.
    August 7, 2026
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    Digital public procurement promotes transparent sourcing, reduced seller charges, competition monitoring and evidence-based spending oversight through an integrated marketplace.
    Government e-Marketplace digitises public procurement through a unified platform promoting transparency, efficiency, good governance and wider supplier participation. Seller-facing measures include reduced transaction charges, exemption of smaller orders, a cap on maximum transaction fees and reduced vendor assessment fees. The platform uses Artificial Intelligence and Machine Learning tools to identify suspected cartelisation, collusion and order splitting, while its digital transactional trail supports expenditure monitoring, identification of inefficiencies and evidence-based policy interventions.
    August 7, 2026
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    Criminal justice, extremist-material regulation and administrative schemes feature in reports on prosecutions, demolition practices, loan waivers and fuel policy.
    Criminal justice reports cover bail and an expedited trial in an assault prosecution, arrest for allegedly sheltering an accused, allegations of rape and murder of a minor, and claimed irregularities in a police recruitment examination. Regulatory developments include a ban on extremist literature associated with proscribed organisations and judicial disapproval of coercive demolition. Administrative coverage includes farmer loan-waiver transfers following Aadhaar authentication and debate over the E20 fuel-blending programme.
    August 7, 2026
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    Foreign exchange reserves rose as foreign currency assets, gold holdings, Special Drawing Rights and IMF reserve position increased.
    India's foreign exchange reserves increased during the week ended July 31, principally because of higher foreign currency assets and gold reserves. Foreign currency assets include US dollar valuation effects arising from movements in currencies such as the euro, pound and yen. Special Drawing Rights and India's reserve position with the International Monetary Fund also increased. The movement followed measures to attract foreign exchange inflows, including an FCNR(B) measure, after earlier reserve declines associated with rupee pressure and dollar sales for foreign exchange market intervention.
    August 7, 2026
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    Farm loan waiver eligibility depends on verified beneficiary status and Aadhaar authentication for direct credit of eligible crop-loan relief.
    The farm loan waiver scheme covers eligible short-term crop loans within the prescribed ceiling and eligibility period. Waiver amounts are credited to verified bank accounts after field verification and completion of Aadhaar authentication. Aadhaar authentication is the operative condition for automatic processing of benefits, while eligibility rules and technical conditions have raised concerns about exclusion of distressed farmers.
    August 7, 2026
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    Corporate agency distribution expands access to life insurance products, supporting insurance awareness, financial inclusion and long-term household financial protection.
    A corporate agency arrangement enables J&K Bank to distribute SBI Life Insurance protection, savings, retirement and child-oriented life insurance plans through its branch network. The partnership aims to improve insurance access, awareness, financial literacy and long-term financial planning for households, particularly in Jammu & Kashmir and Ladakh. It is intended to expand insurance penetration, strengthen household financial protection and support financial inclusion in line with the IRDAI vision of "Insurance for All by 2047".
    August 7, 2026
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    Cross-border smuggling controls target narcotics, poppy seeds and areca nuts entering through the Indo-Myanmar border region.
    Cross-border smuggling enforcement targeted methamphetamine, foreign-origin poppy seeds and areca nuts allegedly brought from Myanmar. Methamphetamine concealed in an ambulance was seized under the NDPS Act, 1985. Poppy seeds and areca nuts recovered in separate operations were seized under the Customs Act, 1962. Poppy-seed imports are restricted to designated countries and require registration to ensure traceability and prevent illicit produce entering legitimate supply chains. The enforcement action addresses circumvention of customs controls and regulated import requirements.
    August 7, 2026
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    Direct benefit transfer for welfare pensions replaces cooperative-bank doorstep delivery, while retaining limited home service for excluded beneficiaries.
    Direct Benefit Transfer for social security and welfare pensions is to be made through Aadhaar-linked bank accounts, replacing cooperative-bank doorstep delivery. Home delivery remains available for bedridden persons and others who cannot be excluded. The change is associated with delays in remitting undistributed amounts, record-update failures, reconciliation issues, duplicate payments, and incomplete Aadhaar-based payment implementation. Concerns have been raised that mandatory bank-account credit may disadvantage beneficiaries dependent on doorstep delivery.
    August 7, 2026
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    Direct Benefit Transfer for welfare pensions replaces doorstep cooperative-bank delivery, while home delivery remains for bedridden beneficiaries.
    Direct Benefit Transfer of social security and welfare pensions is to be made mandatory through Aadhaar-linked bank accounts, replacing cooperative-bank doorstep distribution. Home delivery continues for completely bedridden beneficiaries and others who cannot be excluded. The change addresses delays in remitting undistributed amounts, record-update and reconciliation deficiencies, duplicate payments linked to incomplete Aadhaar-based payments, delivery incentive costs, and the need to comply with Direct Benefit Transfer norms to avoid loss of central financial assistance.
    August 7, 2026
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    Customs trade data show moderating July growth while high-technology exports, vehicles and advanced manufacturing supplies remain strongly supported.
    Customs and trade data showed that China's July export and import growth moderated and its trade surplus narrowed from the preceding month. Typhoon-related port disruptions affected trade flows, but demand for electronics and green technology products supported elevated values. High-technology items, vehicles, electronics and machinery recorded strong January-July export growth, while trade performance varied among the United States, the European Union and Southeast Asia.
    August 7, 2026
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    BRICS industrial cooperation advances MSME, photovoltaic, startup and logistics frameworks alongside resilient trade and digital services collaboration.
    BRICS industrial cooperation under PartNIR was strengthened through a Joint Declaration and institutional measures addressing MSMEs, photovoltaics, startup-led innovation, and resilient transport and logistics. The measures include an SME cooperation framework, Terms of Reference and an Action Plan for photovoltaic industry cooperation, and a startup innovation action plan. Trade discussions focused on the multilateral trading system, MSME participation in international trade, resilient global value chains, and cross-border digitally delivered services within a rules-based trading framework.
    August 7, 2026
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    Certified organic export promotion: BIOFACH INDIA facilitates buyer-seller engagement, certification awareness, traceability discussions and international market access.
    BIOFACH INDIA 2026 promotes certified organic exports by providing a platform for Indian organic enterprises to showcase diverse certified products and engage with overseas buyers through structured Buyer-Seller Meets. Technical sessions address organic certification, traceability, sustainability, quality standards, international regulatory requirements and export-market expectations. The initiative supports quality assurance, international market access, export linkages and sustainable agricultural practices across the organic value chain.
    August 6, 2026
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    Device-based loan recovery restrictions protect essential mobile functions while permitting gradual locking only for lender-financed devices.
    Technology-based recovery mechanisms cannot restrict or disable a borrower's mobile device unless the bank financed acquisition of that device. Where permitted, banks must adopt a gradual approach and preserve essential functions, including incoming calls, SMS access, and emergency SOS features. Regulated entities and service providers must obtain manufacturer or operating-system certification for device-locking technology. Disclosure of borrower or guarantor information to recovery personnel must be limited to what is necessary for loan-recovery duties.
    August 6, 2026
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    Bilateral trade agreement negotiations should secure tariff certainty, protect key exports, strengthen supply chains, and support vulnerable small industries.
    An early Bilateral Trade Agreement is proposed to protect Indian interests, secure tariff exemptions for key exports, reduce barriers affecting industrial products, and create predictable trade conditions. Recommended measures include financial and export-credit support for small industries, real-time monitoring of customs requirements, documentation assistance, and timely policy support against tariff and non-tariff barriers. Export strategy should develop knowledge services and critical supply-chain integration, while a National Fund should assist suppliers with redesign, tooling, certification and entry into new global supply chains.
    August 6, 2026
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    Ethanol imports for fuel blending remain excluded from trade commitments, with domestic producers continuing to supply the blending programme.
    Ethanol imports for fuel blending remain outside concessions or commitments in India-US trade discussions. Under the Ethanol Blended with Petrol Programme, ethanol procurement is governed solely by domestic policy requirements and is sourced entirely from domestic producers. Claims of existing or intended large-scale ethanol imports from the United States for fuel blending, or of a policy change permitting them, are stated to be baseless.

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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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