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    Rationalisation of Foreign Exchange Management (Non-Debt Instruments) Rules, 2019 – Draft Rules for Comments
    CARD91 offers its comprehensive PPI Suite to Indian Overseas Bank with RuPay NCMC Capability
    Government Expands FTAs, Export Promotion Measures to Diversify Export Markets
    PLI Schemes Attract Over ₹2.40 Lakh Crore Investment, Generate More Than 14.15 Lakh Jobs
    SC issues notice on Venugopal Dhoot's plea against order upholding separate insolvency for VIL, VOVL
    Russian Technology Leaders Visit AVPL Drone City to Foster Industrial Collaboration
    India’s 8th Trade Policy Review at WTO Scheduled on 21 and 23 July 2026
    India Becomes a Party to the WTO Agreement on Fisheries Subsidies by Depositing its Instrument of Acceptance
    FIRST PRESS RELEASE OF INDEX OF CORE INDUSTRIES OF NEW SERIES WITH BASE YEAR 2022-23
    Central Bureau of Narcotics (CBN) India thwarts illegal trafficking of 12 crore Tramadol Hydrochloride, a.k.a. “fighter drug” tablets under “Ope...
    Trump imposes 50 per cent tariffs on Canadian goods, citing disputes over autos, alcohol and cheese
    Rupee falls 6 paise to close 96.36 against US dollar
    India gets USD 20.72 bn forex inflows under swap facility since Jun: RBI
    J'khand aiming to increase GI-tagged products to 25, Atthe Mutton among those in pipeline: official
    Sensex declines by 443 pts on heavy selling in HDFC Bank, Axis Bank
    Strengthening Customer Grievance Redress: The Role of the Internal Ombudsman - Keynote address by Shri Swaminathan J, Deputy Governor at the Internal ...
    Nearly 55.49 Crore Users Onboarded on UPI as in June 2026
    Government and RBI Strengthen Fintech Ecosystem with Enhanced Regulatory Frameworks & Consumer Protection Actions
    SC gives Parsvnath Developers one week to deposit dues to homebuyers, warns next step is jail
    Rupee fell 14 paise to close 96.44 against US dollar
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    July 21, 2026
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    Foreign investment regulation: Draft rules propose simpler, principle-based compliance and clearer separation of procedural requirements from investment policy.
    Draft Foreign Exchange Management (Foreign Investment) Rules, 2026 propose a simplified, principle-based foreign investment framework. The proposals rationalise provisions, harmonise definitions, and separate procedural foreign-exchange requirements from foreign direct investment policy and sector-specific conditions. They aim to streamline procedures, reduce compliance burdens, enhance operational flexibility, and apply investor-neutral and investee-neutral provisions while preserving regulatory safeguards. The draft Rules remain subject to public consultation before finalisation.
    July 21, 2026
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    Prepaid payment instrument programme adds mobility and gift card capabilities with digital servicing subject to applicable programme conditions.
    Prepaid payment instrument programme launched for Indian Overseas Bank through CARD91's technology stack, incorporating RuPay National Common Mobility Card and Gift Card capabilities. The programme was implemented following requisite approvals, testing and compliance validation. The RuPay NCMC facility supports prepaid, tap-based payments for metro, bus and parking transactions, subject to the bank's programme conditions and user eligibility. Digital card servicing may include balance enquiry, transaction history, reload or top-up functions, and customer support, subject to applicable programme terms.
    July 21, 2026
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    Free trade agreements and e-commerce export reforms expand preferential market access, address non-tariff barriers, and support small exporters.
    Export market diversification is advanced through trade agreements, export-promotion measures and capacity building. Free Trade Agreements seek preferential market access, increased trade and investment, and support for labour-intensive exports, while technical barriers to trade provisions and engagement mechanisms address standards, regulatory requirements and non-tariff barriers. Cross-border e-commerce exports are supported through trade-finance and compliance assistance, E-Commerce Export Hubs, District Export Hubs, simplified courier-export procedures, reverse-logistics facilitation, logistics planning, duty-and-tax remission, and MSME export facilitation.
    July 21, 2026
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    Production Linked Incentive Schemes strengthen domestic manufacturing through investment support, export growth, employment generation, monitoring and eligibility reforms.
    Production Linked Incentive Schemes for 14 sectors promote domestic manufacturing, investment, exports, employment and global competitiveness. Overall coordination and monitoring rests with the Department for Promotion of Industry and Internal Trade, while sector-specific implementation is undertaken by the relevant ministries and departments. Implementation is periodically reviewed, with scheme modifications, rationalised guidelines, relaxation of specified eligibility conditions, project monitoring, stakeholder consultation and inter-ministerial issue resolution used to improve uptake and strengthen domestic manufacturing ecosystems.
    July 21, 2026
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    Separate corporate insolvency processes remain contested over foreign asset treatment, specialised resolution needs, and creditors' commercial decision-making.
    Separate corporate insolvency resolution processes for VIL and VOVL are disputed following reversal of an earlier consolidation direction. Independent processes were preferred because the entities operate in distinct sectors and may require specialised resolution, while creditors' choice was treated as commercial wisdom not ordinarily open to tribunal interference. The dispute also concerns whether foreign oil and gas assets should be treated as VIL assets, against the background of VIL's conversion from co-obligor to corporate guarantor to ring-fence those assets from domestic business liabilities.
    July 21, 2026
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    Drone technology collaboration promotes joint manufacturing, technology transfer, rural entrepreneurship and global market access through an integrated industrial ecosystem.
    India-Russia industrial collaboration in drone technology is proposed through engagement on technology transfer, joint manufacturing, research collaboration, investment, exports and global market access. Drone City is presented as an integrated ecosystem covering manufacturing, research and development, testing, certification support, skill development, incubation, warehousing, startup acceleration and international technology partnerships. Its expansion and panchayat-level entrepreneurship programme are expected to create rural drone enterprises and employment in manufacturing, component production, quality control, maintenance, logistics and technical support.
    July 21, 2026
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    WTO trade policy review will assess India's trade measures, transparency framework, reforms, and responses to member questions.
    India's eighth Trade Policy Review under the World Trade Organization framework examines its trade policies and developments during the 2021-2025 review period. The process uses a Government Report and a Secretariat Report and provides a comprehensive peer examination of border and behind-the-border trade measures to promote transparency, predictability and understanding. The review addresses trade agreements, Goods and Services Tax rationalisation, digital trade-facilitation measures, and Member questions on digitisation, MSMEs, women's economic participation, Viksit Bharat and the Atmanirbhar Bharat Abhiyan.
    July 21, 2026
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    Fisheries subsidy disciplines promote sustainable marine resource use while excluding aquaculture and inland fisheries from their scope.
    The WTO Agreement on Fisheries Subsidies disciplines subsidies concerning marine wild-capture fishing and fishing-related activities at sea. It prohibits subsidies linked to illegal, unreported and unregulated fishing and fishing of overfished stocks, promoting conservation and sustainable use of marine resources. Aquaculture and inland fisheries remain outside its scope. India's fisheries management framework is identified as supporting implementation while preserving policy space and safeguarding the interests of traditional and small-scale fishers.
    July 21, 2026
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    Revised Index of Core Industries adopts a new base year, adds iron ore, and revises sector measurement methodology.
    The revised Index of Core Industries series adopts 2022-23 as its base year, replaces the former series and expands coverage to nine industries by including iron ore. Steel is measured using gross production data, while only raw coal is retained to avoid double counting. Weights are derived from the corresponding Index of Industrial Production series and normalised to 100. A geometric-mean linking methodology connects the former and revised series. June 2026 provisional estimates show overall year-on-year ICI growth, led principally by iron ore and electricity.
    July 21, 2026
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    Risk-based export controls exposed alleged pharmaceutical diversion, prompting NDPS enforcement against transnational illicit opioid trafficking networks.
    Risk-based export controls and intelligence-led enforcement under the NDPS Act, 1985 addressed an alleged attempt to divert an export consignment of high-strength Tramadol Hydrochloride tablets into illicit international channels. Enquiries with the International Narcotics Control Board and competent authorities indicated that the declared destination had been misrepresented. The action involved seizure of the consignment and arrests of persons alleged to be connected with the export arrangement and conspiracy. The operation emphasises risk-based profiling, export-control scrutiny, intelligence sharing, and international coordination against pharmaceutical diversion and transnational drug trafficking.
    July 21, 2026
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    Trade tariffs on Canadian goods target alleged discrimination against American automobiles, alcohol and dairy products under trade law.
    United States trade action imposes tariffs on most Canadian goods, citing alleged discriminatory treatment of American automobiles, alcoholic beverages and dairy products. The measures apply to goods previously protected under the United States-Mexico-Canada Agreement, subject to exclusions for energy products, potash, fish and critical minerals. The stated grounds include Canadian retaliatory tariffs, restrictions on American alcohol sales, treatment of dairy imports, and tariffs on certain United States motor vehicles outside preferential trade treatment.
    July 20, 2026
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    Foreign exchange market movement saw rupee depreciation amid geopolitical risk, higher crude prices, stronger dollar conditions and equity outflows.
    Foreign exchange market movement saw the rupee depreciate by 6 paise to close at 96.36 against the US dollar, amid global risk aversion, higher crude oil prices, escalating US-Iran tensions and rising US Treasury yields. Market commentary indicated that anticipated Reserve Bank of India intervention could limit further downside. The report also noted a stronger dollar index, domestic equity-market declines, foreign institutional equity outflows, and an increase in India's foreign exchange reserves.
    July 20, 2026
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    Concessional foreign-exchange swaps incentivise fresh FCNR(B) deposits and foreign borrowings to strengthen balance-of-payments liquidity.
    The concessional foreign-exchange swap facility incentivises fresh FCNR(B) deposits, overseas foreign-currency borrowings and external commercial borrowings to strengthen the balance of payments and support foreign-exchange liquidity. Its availability is time-limited, with FCNR(B) deposits eligible until September 2026 and OFCB and ECB inflows eligible until December 2026. Reported inflows were primarily mobilised through FCNR(B) deposits.
    July 20, 2026
    Show AI Summary
    Geographical indication recognition protects traditional product identity while supporting rural entrepreneurship, quality maintenance, digital access and artisan market opportunities.
    Geographical Indication recognition is being pursued for additional traditional products from Jharkhand to protect product identity and expand protected regional products. GI recognition supports cultural heritage, rural entrepreneurship and market access for artisans and primary producers. Post-registration measures emphasise product-quality maintenance and digital e-commerce access, alongside skill development, marketing initiatives, rural haats and support for non-farm sectors.
    July 20, 2026
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    Banking sector earnings concerns and geopolitical tensions pressured benchmark equities, while broader markets and selected defensive sectors gained.
    Indian benchmark equity indices declined following heavy selling in major private-sector banking shares amid concerns over weaker net interest margins and quarterly earnings. Banking and financial sector indices were the principal laggards. Renewed United States-Iran tensions, crude-oil concerns, global market weakness and reported foreign institutional investor equity sales added to investor caution. Broader domestic market indices nevertheless closed higher, with selected defensive and infrastructure-linked sectors recording gains.
    July 20, 2026
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    Internal Ombudsman independence strengthens fair customer grievance resolution, prevents escalation, and drives institutional learning from recurring complaint patterns.
    Internal Ombudsmen should independently review qualifying customer grievances to ensure fair, reasonable and timely internal resolution rather than mechanically affirming earlier decisions. Regulated entities should prevent eligible complaints from bypassing Internal Ombudsman review and should assess redress by the quality, transparency and fairness of outcomes, not merely complaint closure. Complaint patterns should be used for root cause analysis and institutional improvements, with Boards and senior management empowering Internal Ombudsmen and treating complaint trends as early-warning information. Technology may support analytics and faster processes but cannot replace judgment, empathy and impartiality.
    July 20, 2026
    Show AI Summary
    UPI security framework mandates advanced controls, alongside risk-based limits and authentication safeguards to strengthen payment ecosystem resilience.
    Unified Payments Interface is an NPCI-operated payment system authorised under the Payment and Settlement Systems Act, 2007. Cross-border UPI arrangements facilitate person-to-person remittances and person-to-merchant payments through partner institutions in multiple countries. Security measures include risk-based transaction limits, safeguards against unauthorised mobile-number changes and misuse of SMS-based authentication, and enhanced application-security requirements. The Comprehensive UPI Information Security Framework 2025 and Mobile Application Security Framework mandate advanced controls to strengthen UPI ecosystem safety and resilience.
    July 20, 2026
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    Fintech consumer protection strengthens payment security, data safeguards, innovation testing, fraud monitoring, cybercrime reporting, and public awareness mechanisms.
    Fintech regulation and consumer protection are being strengthened through self-regulatory standards, digital payment security controls, personal-data safeguards, regulatory sandbox testing, and cyber-fraud reporting mechanisms. The FinTech self-regulatory organisation framework promotes ethical conduct, market integrity, dispute resolution, transparency, and accountability. Banks must maintain minimum security controls for payment channels, supported by AI and machine-learning fraud monitoring for UPI transactions. Citizens may report cyber incidents and illegal loan apps through designated reporting channels, alongside awareness initiatives on fraud prevention and risk mitigation.
    July 20, 2026
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    Homebuyer order enforcement requires developer to deposit recoverable dues with interest, with imprisonment warned for continued non-compliance.
    Final homebuyer compensation and possession-related directions were enforced by requiring the developer and its officials to deposit the entire recoverable amount with annual interest in the court registry within one week. Existing asset freezes were to continue, and continued non-compliance could lead to imprisonment. The purchasers had obtained final regulatory compensation directions, but execution proceedings, notices and warrants had not resulted in payment or possession. Third-party rights and transfer of possession were restrained pending compliance.
    July 20, 2026
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    Foreign-exchange market pressure weakened the rupee as crude prices, geopolitical risk and dollar strength increased, with intervention offering support.
    Foreign-exchange market movement saw the rupee depreciate against the US dollar amid global risk aversion, higher crude oil prices, geopolitical tensions, and rising US Treasury yields. Reserve Bank of India intervention was identified as a potential support mechanism capable of limiting downside pressure. Higher dollar-index levels, domestic equity-market movements, foreign institutional equity outflows, and an increase in India's foreign-exchange reserves were also noted as relevant market conditions.

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      Chandigarh University Wins the 'Overall Trophy' for the 5th Time; Qualifies for AIU National Youth Festival 2026

      January 12, 2026

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      Chandigarh University Clinches Overall AIU 39th Inter-University North Zone Youth Festival Championship 2026 CHANDIGARH, India, Jan. 10, 2026 /PRNewswire/ -- Carrying forward its winning streak, Chandigarh University emerged overall champion at AIU's 39th Inter-University North Zone Youth Festival (UNIFEST) 'Chit Utsav 2026', organized by the Association of Indian Universities (AIU) and hosted by Chitkara University, with the CU contingent putting up brilliant performance in various categories including music, dance, theatre, fine arts and literature. With this, Chandigarh University has successfully qualified for the AIU 39th National Youth Festival 2026 scheduled to be held at Sathyabama Institute of Science and Technology in Chennai, Tamil Nadu from 10 March to 14 March. Only the first, second and third position holders of all the events in Zonal Youth Festivals are eligible to participate at the Inter-University National Youth Festival. This is the 5th time that Chandigarh University has lifted the overall North-Zone AIU Trophy. In five main categories of Theatre, Dance, Music, Literature and Fine Arts, Chandigarh University won Overall Trophies in Music, Literary and Fine Arts Categories. The Chandigarh University contingent comprising 60 students demonstrated cultural and artistic excellence across 28 events at the North Zone inter-university youth festival which is being attended by 22 universities from across northern India. In, all 1100 students from Punjab, Jammu & Kashmir, Himachal Pradesh, Ladakh, Uttarakhand and Chandigarh are participating in this five-day Youth Festival that began on 6 January and culminated on 10 January. Team CU won the overall trophy by winning 1st Position in 11 Categories, 2nd Position in 5 Categories, 3rd Position in 3 Categories, 4th Position in 2 Categories, 5th Position in 5 Categories, taking the total number of prizes won at the Festival to 27. This apart, Chandigarh University became Overall Champions with 1st Prize in Overall Music, Overall Literary and Overall Fine Arts. And 3rd Prize in Overall Dance and Cultural Procession. Chandigarh University secured first position in Folk Orchestra, Western Instrumental Solo, Classical Instrumental Solo (Non-Percussion), Creative Choreography, General Quiz, Elocution (Hindi), Elocution (English), Debate (English), Poster Making, Cartooning and Rangoli. Chandigarh University secured second position in Classical Vocal Solo (Hindustani/ Karnataki), Western Vocal Solo, Western Group Song, Collage and Debate (Hindi). Chandigarh University secured third position in Classical Instrumental Solo (Percussion), One Act Play, and Clay Modelling. Chandigarh University also showcased its vibrant musical spirit at the festival in the "Folk Orchestra" category to secure the first position with a powerful Haryanvi folk orchestra 'Kallu ki Chaupal' which celebrated the tradition, rhythm, raw cultural energy and soul of Haryana. In Creative Choreography category, Chandigarh University's "Kachra", a powerful creative choreography exposed the harsh reality of abandoned children trapped in generational poverty in a garbage-filled slum. A stark reflection on lives born, lived, and lost in waste, the performance traced the life of a discarded baby girl raised amidst hunger, neglect, and hopelessness, ultimately questioning societal apathy and privilege. In the Western Group Song category, Chandigarh University's soul-stirring 'Korus of Praise' secured second position by harmonizing powerful vocals with uplifting energy and refined musical expression. Expressing delight over achievement of the university, Chandigarh University Senior Managing Director Deepinder Singh Sandhu said, "It is an honour for Chandigarh University to have lifted the overall North Zone AIU trophy 5th time this year. Chandigarh University has become the overall champion by securing top honors across multiple categories in this prestigious competition which highlights the exceptional versatility and talent of the students which displayed them through their extraordinary performances at the Festival. Earlier Chandigarh University had become the only private University in India to win AIU Inter-University Youth Festival's 'Overall Trophy' three times in five years (2024-25, 2023 and 2020). Chandigarh University had also emerged as the overall champion at the 38th Inter-University North Zone Youth Festival 2025) at Punjab University, Chandigarh. These remarkable achievements are a testament to the hard work, dedication, and commitment of our students. Their efforts, combined with the invaluable guidance and support from our faculty and staff, have played a crucial role in making this victory possible." "With an aim to promote new talents in fields of art and culture and mentor them for greater heights of success, Chandigarh University lays a special emphasis on holistic development of students and enrich them with all the skills required to make a mark in respective fields. India's number 1 private university, Chandigarh University equips students with the skills needed to excel in their fields," he added. About Chandigarh University Chandigarh University is a NAAC A+ Grade University and QS World Ranked University. This autonomous educational institution is approved by UGC and is located near Chandigarh in the state of Punjab. It is the youngest university in India and the only private university in Punjab to be honoured with A+ Grade by NAAC (National Assessment and Accreditation Council). CU offers more than 109 UG and PG programs in the field of engineering, management, pharmacy, law, architecture, journalism, animation, hotel management, commerce, and others. It has been awarded as The University with Best Placements by WCRC. Website address: https://www.cuchd.in/ Photo - https://mma.prnewswire.com/media/2858736/Chandigarh_University_AIU.jpg' alt='Embedded Media' /> (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI

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