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    Odisha's export can reach USD 50 billion by FY 2029-30: Study
    Andhra records 21 per cent growth in net GST collections till July
    J&K crime branch chargesheets accused in separate bank, insurance fraud cases
    MCD-facilitated PM Vishwakarma Scheme enrols over 41,000 artisans in Delhi
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    Gross and Net GST revenue collections for the month of July, 2026
    India and Rwanda Hold First Joint Trade Committee Meeting to Deepen Bilateral Trade and Investment Cooperation
    West Bengal GST collection rises 2 pc in July to Rs 5,564 crore
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    RBI says USD 40.82 bn mobilised under forex swap facility till Jul 31
    Sebi bars ZEEL for 2 months, Subhash Chandra, Punit Goenka for 1 year in Hyderabad land pledge case
    Department of Commerce Holds Workshop on Trade and Sustainable Development Policy Landscape
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    All Indian exports of dual-use items comply with international obligations: MEA
    PM Modi to inaugurate Bhogapuram Airport in Andhra on Aug 1
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    Closely monitoring: India on US bill seeking up to 100 % tariffs on purchasers of Russian oil
    Delhi HC seeks ED stand on Nayan Raheja's plea against money laundering case
    Rupee appreciates 7 paise to close at 95.43 against US dollar
    PM Modi, UK PM Burnham commit to harnessing full potential of mega trade deal
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    August 1, 2026
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    Export growth projections outline pathways for Odisha to expand merchandise trade through export diversification, MSME support and financing initiatives.
    Export growth projections for Odisha set out base, optimistic and ambitious scenarios through FY 2029-30, based respectively on historical growth, envisaged national export growth, and a larger share of national exports. Odisha's export basket remains concentrated in metals and minerals, led by aluminium products, with China as the principal export destination. Odisha Vision 2047 identifies exports, including MSME contributions, as an economic transformation driver, while export-financing and risk-mitigation initiatives aim to address financing gaps for exporters and MSMEs.
    August 1, 2026
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    GST compliance enforcement through AI analytics supported sustained net GST collection growth despite rate rationalisation reforms and reduced compliance costs.
    GST revenue mobilisation in Andhra Pradesh showed year-on-year growth in net GST and total commercial tax collections through July 2026, despite rate-rationalisation reforms. Revenue growth was attributed to AI-based scrutiny and analytics, machine-learning risk scoring, AI-driven IGST reversals, UPI-based enforcement analytics, data sharing, predictive analytics, registration verification, and Aadhaar-integrated expansion of the professional-tax base. These measures were stated to strengthen compliance, curb wrongful input tax credit claims, broaden taxpayer coverage, and improve revenue mobilisation.
    August 1, 2026
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    Economic-offences fraud chargesheets address alleged fictitious loans, forged insurance surrender papers, and diversion of bank and policy funds.
    Economic-offences chargesheets were filed in separate alleged bank and insurance fraud matters. The bank investigation alleged fictitious loan sanctions and overdrafts beyond delegated authority, involving cheating, forgery, use of forged documents and criminal conspiracy. The insurance investigation alleged that duplicate policy records and forged surrender documents were used to open a fraudulent account in a policyholder's name and divert policy proceeds. Records, witness statements, documentary evidence and forensic examination were cited in support of the allegations.
    August 1, 2026
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    PM Vishwakarma Scheme implementation expands artisan enrolment, skills, credit, e-commerce access and export facilitation while addressing documentation barriers.
    PM Vishwakarma Scheme implementation in Delhi facilitated artisan enrolment, application processing, skill training, toolkit distribution, loan access, e-commerce onboarding and export-related support. Awareness workshops and tele-calling campaigns were used to promote participation and follow up on benefits. Key implementation challenges concerned outreach to informal clusters, digital literacy, delays in Aadhaar and IEC documentation, and additional support for Divyang artisans. Planned action includes expanding workshops, scaling e-commerce onboarding, strengthening export facilitation and coordination with implementing agencies.
    August 1, 2026
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    Goods and Services Tax collections rise on domestic consumption and imports, while elevated import revenue prompts assessment of underlying drivers.
    Goods and Services Tax collections for July increased over the corresponding prior-year period, supported by domestic sales and imports. Gross receipts included Central GST, State GST and Integrated GST, with net GST revenue calculated after adjusting refunds. For the April-July period, gross and net collections also increased. Commentary linked domestic GST growth to consumption, formalisation and industrial activity, while identifying elevated import GST collections as an area requiring assessment of import composition, currency effects and volumes.
    August 1, 2026
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    GST revenue collections show provisional gross, refund and net revenue trends, with State-wise settlement and domestic collection data.
    GST revenue collections for July 2026 are reported provisionally through gross domestic and import revenue, domestic and export-related refunds, and net GST revenue after refunds. The data also sets out SGST collections and the SGST share of IGST settled to States and Union Territories, both monthly and cumulatively. State-wise domestic GST growth excludes GST on imported goods, while jurisdiction-wise data allocates collections between central and State formations and identifies CGST, SGST and IGST components.
    August 1, 2026
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    Bilateral trade cooperation expands through a Joint Trade Committee covering investment, critical minerals, healthcare, digital technologies and market access.
    Bilateral trade and investment cooperation between India and Rwanda is to be advanced through a structured Joint Trade Committee mechanism for reviewing commerce, diversifying trade, promoting investment, facilitating business engagement and addressing market-access and logistical issues. Priority cooperation includes critical minerals, pharmaceuticals and healthcare, agriculture and agro-processing, standards harmonisation, digital public infrastructure, fintech, cybersecurity, green mobility and renewable energy. Investment focal points will support engagement, while capacity-building assistance and close monitoring of the Agreed Minutes are intended to support time-bound implementation.
    August 1, 2026
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    GST collection growth in West Bengal continued year-on-year in July but remained below the national growth trend.
    West Bengal's July GST collection increased year-on-year and over the preceding month, marking a second consecutive month of annual growth. Official data also indicated that the State's annual growth rate was below the national trend, while gross domestic GST revenue excluding imports and overall gross GST collections including import-related taxes rose nationally during July.
    August 1, 2026
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    GST collection growth reflects higher revenue mobilisation from domestic transactions and imports, with refunds adjusted in net revenue.
    Goods and Services Tax collections increased in July, driven by higher revenue from domestic transactions and imports. The gross collection comprised Central GST, State GST and Integrated GST components. Refunds also increased during the month, and net GST revenue was determined after adjustment of refund outflows from gross tax receipts.
    August 1, 2026
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    Concessional foreign-exchange swaps encourage bank deposits and foreign borrowings to strengthen balance-of-payments resilience and foreign-exchange liquidity.
    The Reserve Bank of India introduced a concessional foreign-exchange swap facility to encourage foreign-currency inflows, strengthen the balance of payments and support foreign-exchange liquidity. The facility applies to fresh Foreign Currency Non-Resident (Bank) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings. Foreign Currency Non-Resident (Bank) deposits constitute the principal source of inflows mobilised under the arrangement. The facility is available for specified time-bound periods, with a later availability period for Overseas Foreign Currency Borrowings and External Commercial Borrowings.
    August 1, 2026
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    Unauthorised pledge of listed-company land triggered securities-market bars for disclosure failures and misuse of management authority.
    Unauthorised pledge of ZEEL's Hyderabad land as security for loans obtained by promoter-linked entities was treated as a related-party transaction lacking prior audit committee approval. ZEEL failed to disclose the land's deployment in its financial statements. Its Chairman Emeritus was stated to have transferred title deeds by falsely representing management approval and to have concealed the transaction's nature. Securities-market prohibitions and monetary penalties were imposed with immediate effect.
    August 1, 2026
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    Trade and sustainable development policy integrates carbon regulation, sustainability standards and domestic frameworks to strengthen trade competitiveness and preparedness.
    Trade and Sustainable Development policy was examined in relation to international trade disciplines, sustainability regulation and India's trade strategy. Discussions considered carbon markets, carbon pricing, carbon border adjustment measures, sustainability standards and regulatory cooperation, and their implications for trade and industrial competitiveness. Domestic mechanisms, including the Carbon Credit Trading Scheme, Indian Carbon Market, Extended Producer Responsibility framework, and accreditation and conformity assessment systems, were considered for strengthening preparedness for emerging sustainability-related trade disciplines.
    August 1, 2026
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    Digital public procurement engagement begins with stakeholder events promoting transparent, efficient and inclusive marketplace governance.
    Government e-Marketplace launched ten-day celebrations preceding its tenth Foundation Day, including a commemorative logo, stakeholder events and recognition of employees, buyers and sellers. The programme begins a year-long nationwide outreach initiative bringing together buyers, sellers, policymakers, industry representatives and ecosystem partners through events, dialogues and collaborative platforms. Its stated focus is technology-enabled, transparent, efficient and inclusive public procurement.
    July 31, 2026
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    Strategic trade controls require dual-use exports to comply with national law and international obligations amid arms-transfer allegations.
    Strategic trade controls governing dual-use exports require Indian exports of dual-use items and technologies to comply with national law and India's international obligations. The stated framework applies to exports to various countries. In response to allegations concerning supplies to Israel, the position notes calls for an arms embargo covering direct or indirect transfers of arms and military material, including weapons, ammunition, parts and components, without determining the underlying allegations.
    July 31, 2026
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    Greenfield airport development under a public-private partnership advances licensed international passenger, cargo, logistics, and sustainable infrastructure.
    A greenfield international airport is being developed under a Public-Private Partnership and Design, Build, Finance, Operate and Transfer framework, with airport, aviation-hub, education and supporting infrastructure components. The airport has obtained an aerodrome licence and required safety, fire and environmental clearances. Passenger, airfield and terminal systems are designed for domestic and international operations. A cargo terminal with cold-chain facilities and integration with port, industrial-corridor and logistics networks are intended to strengthen exports and air-cargo logistics. Recycled-water use and LEED Platinum development standards form part of its environmental measures.
    July 31, 2026
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    Regulatory and legal developments cover trade measures, legislative action, offshore exploration support, court directions and platform algorithm scrutiny.
    The compilation reports proposed United States tariff measures concerning purchasers of Russian oil and gas, India-United Kingdom trade engagement, extension of farmer-support measures, and approval of offshore exploration support. It also covers passage of the Registration of Births and Deaths (Amendment) Bill, 2026, a privilege-motion notice, a criminal sentencing, and directions to appoint a nodal officer for families affected by the Russia-Ukraine war. Regulatory items include industrial credit data and examination of social-media algorithms, bias and public-order implications.
    July 31, 2026
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    Russian oil purchases may trigger proposed targeted tariffs, with periodic reassessment based on countries' purchasing behaviour.
    Proposed United States measures would authorise sanctions against Russia and persons supporting its war in Ukraine, while permitting targeted tariffs on imports from countries purchasing substantial volumes of Russian oil or gas or facilitating sanctions evasion. The framework identifies major purchasers and shadow-fleet facilitators for possible additional tariffs and provides for periodic reassessment and tariff adjustments based on purchasing behaviour. India stated that its energy-security policy rests on national priorities and diversified energy sources.
    July 31, 2026
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    Money-laundering proceedings face challenge over absent predicate offence, alleged lack of criminal intent, and treatment of related FIRs.
    Money-laundering proceedings linked to alleged diversion of homebuyer funds are challenged on the ground that no scheduled offence or criminal intent is attributable to the petitioner. The petitioner relies on his asserted exoneration in two predicate FIRs, where charge sheets did not name him, and settlement of the remaining FIR. Notice was issued for a response and status report, and the petitioner undertook to cooperate with the investigation.
    July 31, 2026
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    Rupee appreciation reflected foreign capital inflows and central bank support, tempered by crude prices and geopolitical tensions.
    Rupee appreciation against the US dollar was linked to sustained foreign capital inflows and Reserve Bank support through dollar selling. Higher crude oil prices, a stronger US dollar and geopolitical tensions in West Asia constrained further gains. A slightly positive near-term rupee bias was associated with softer dollar conditions, dovish US monetary expectations, favourable global markets and improved foreign inflows, while geopolitical risks remained relevant. Domestic equity indices rose, foreign-exchange reserves increased, and fiscal-deficit data showed the central government's position against its full-year target.
    July 31, 2026
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    India-UK trade agreement enables duty-free access and bilateral cooperation on investment, technology, and strategic partnership.
    The India-UK Comprehensive Economic and Trade Agreement provides zero-duty market access in the UK for nearly 99 per cent of India's exports and is intended to expand bilateral trade and investment opportunities. The governments committed to maximise its benefits through the Comprehensive Strategic Partnership, including cooperation on technology, innovation, security, clean energy, education and people-to-people links. Advanced technology collaboration, including artificial intelligence, is also contemplated.

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      Chandigarh University Launches India's First 'AI Fest – 2026'; Registration Portal Launched

      January 22, 2026

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      Chandigarh University's AI Fest- 2026 to be hosted from Feb 19 to 21 on the sidelines of India AI Impact Summit 2026 CHANDIGARH, India, Jan. 22, 2026 /PRNewswire/ -- To empower young innovators, ignite creativity, and translate bold ideas into technology-driven, real-world solutions, Chandigarh University launched India's first 'AI Fest -2026', a three-day mega innovation initiative that feature three flagship platforms including 'CU InnovFest 2026', Campus Tank and Sandbox on the sidelines of the 'India AI Impact Summit 2026' in New Delhi from February 19 to 21. Envisioned as a national launchpad for AI-led startups and entrepreneurial talent, the fest aims to bridge the gap between idea generation, product development and market-ready solutions by providing mentorship, industry exposure, funding pathways and incubation support by fostering innovation across AI, deep tech and emerging technologies, this first-of-its kind initiative is aimed at nurturing scalable startups, address critical societal and industry challenges and make contribution towards realizing the vision of Viksit Bharat through sustainable, innovation-driven economic growth. The unveiling of the AI Fest was done in the presence of Umar Ali Shaikh, Chief Executive Officer, Atos Solutions & Systems Pvt Ltd and Member of Parliament (Rajya Sabha) and Chancellor Chandigarh University Satnam Singh Sandhu among other dignitaries. The dignitaries present during the launch also unveiled the InnovBot (Robot) as the official mascot and official website of AI Fest 2026, symbolizing the university's spirit of innovation, cutting-edge technology and its vision to inspire young minds to think beyond boundaries and drive tech-driven solutions to realize the vision of Viksit Bharat. The registration for participation in the fest is now officially opened and interested candidates can register at https://www.cuchd.in/innovfest-2026/. The AI Fest hosted by Chandigarh University is designed to fuel next-generation innovation in emerging fields such as AI, Deep-Tech, Blockchain Technology and others. The fest will feature over 35 competitions across three categories, bringing together more than 1,000 national and international teams from across the country to showcase their creativity, technical expertise and problem-solving capabilities. With a total prize pool exceeding Rs 1 crore, winning teams will be honoured with cash awards along with certificates of excellence. The fest will serve as a launchpad for ideas with impact through immersive hackathons, innovation challenges, expert panel discussions, skill-driven workshops and collaborative sessions. By fostering a culture of innovation, experimentation and interdisciplinary collaboration. Another part of India's first AI Fest hosted by Chandigarh University would feature a National Finale of Campus Tank event which is aimed to boost University led start-up ecosystem specially in the emerging field of AI, Deep-tech, Healthcare and other fields. Chandigarh University in collaboration with Apna – an Indian Unicorn and leading professional job networking platform and Venture Catalysts – India's top incubator for startups had launched Campus Tank - India's first university-led start-up launchpad in August 2025 with an opportunity to earn access to a funding pool of $6 Million. A total of 1055 start-up applications were received for Campus Tank of which 331 startups have been shortlisted to participate in the on-campus rounds. The finale on 21st February would feature a final pitch competition amongst the top 10 teams. The AI Fest 2026 would also feature Sandbox, organized by Chandigarh University's Technology Business Incubator (CU TBI) which is an open innovation platform inviting participation from students, professionals, startups and independent innovators. During the AI Fest 2026, the young innovators would showcase their new products and ideas. CU-TBI would felicitate the final 10 shortlisted teams to formalize a Deep-Tech and AI based Cohort. Addressing the gathering of students during the launch, Umar Ali Shaikh, Chief Executive Officer, Atos Solutions & Systems Pvt Ltd who was Chief Guest on the occasion said, "Businesses and innovation are all about course correction and to succeed, you must believe in yourself, your cause and the value you create. Skills alone are not enough, you also need willpower, the drive from within to keep learning, improving and pushing yourself. You can upskill, but without the will, knowledge alone won't take you far. You need to have a marathon mindset. Life and innovation are not 100-meter sprints, they are 42-kilometer races. Patience, persistence and staying focused on your purpose will differentiate you from the rest. Technology and AI are constantly evolving so learn continuously to keep your skills and solutions relevant." Shaikh added, "Finally, balance competition with compassion. That combination ensures your innovations are long-term and meaningful, not just short-term wins. India is emerging as the global leader in AI talent, positioning the country at the forefront of the digital economy. By 2030, the AI ecosystem is expected to generate millions of new jobs underlining AI's transformative impact on economic expansion and national development. AI is an enabler, not a replacement. It helps us work faster and smarter, but human intelligence must remain central. Use AI wisely, innovate with purpose, stay cause-driven and cultivate skills and mindset that make you valuable contributors to society and industry." He further added that, "As innovators, you must stay on course, focus on learning and align your work with real impact. Skills matter, but will, purpose and ethical responsibility matter even more. Believe in your ability to make a difference and show the world that India's AI talent from Chandigarh University can deliver real-world impact, not just IT support," added Shaikh. Member of Parliament (Rajya Sabha) and Chancellor Chandigarh University Satnam Singh Sandhu said, "In line with the vision and action framework of the AI Impact Summit 2026 scheduled to be held in Delhi on February 19 Chandigarh University has launched India's first AI Fest to drive innovation for Viksit Bharat. Artificial Intelligence is expected to play a decisive role in achieving the vision of Viksit Bharat by 2047. The yuva, youth of the nation has been identified by our honourable Prime Minister Narendra Modi as one of the four key pillars to realize the vision of Viksit Bharat. Recognizing the critical role that young minds and deep technologies can play in realizing this national vision, Chandigarh University has been consistently organizing technology-driven initiatives to promote innovation and nurture an entrepreneurial mindset among the youth. AI Fest - 2026 is a continuation of this commitment. Just as the AI Impact Summit is guided by the three sutras (foundational pillars) of People, Planet and Progress under the AI for All agenda, AI Festa at CU also aims to ignite the spirit of innovation among the next generation and inspire them to harness AI for social good." Sharing details of the fest, Deepinder Singh Sandhu, Senior Managing Director, Chandigarh University, said, "AI Fest 2026 which is first of its kind in India is an attempt to bring together passionate student innovators from across the country under one roof to create a high-energy ecosystem of creation, collaboration and breakthrough thinking. The platform bridges the gap between ideation and implementation, enabling young innovators to translate concepts into scalable, technology-driven real-world solutions. This AI fest reaffirms Chandigarh University's commitment to nurturing future-ready innovators capable of driving technological advancement and societal transformation for a Viksit Bharat. With its expansive scale, industry collaboration and innovation-driven focus, CU AI Fest 2026 is poised to emerge as one of India's most impactful university-led platforms for nurturing innovation, creativity and future-ready talent". All 35 contests under InnovFest 2026 are centered around five strategic pillars including Deep Tech & Intelligent Systems, Governance, Law & National Resilience, Innovation Led Markets & Leadership, Advanced Engineering, Design & Physical Systems, Creativity, Design Thinking & Human Expression. The fest will also provide participants with the opportunity to earn globally recognized certifications from SAS, the world's leading analytics and data science software company, with certification benefits valued at over Rs 1 crore. Moreover, the participants will also get technical and financial support for Scopus Indexed publications and patent filing. CU InnovFest 2026 is being organized by Chandigarh University in collaboration with leading industry partners including Meta, Krafton, Altium, Samsung, Kathputli and IGDC. Under the Star Events category, 'AI Hack Matrix – AI for Good: Solutions for Social Impact', a 24-hour hackathon focused on developing AI-powered solutions for societal challenges, offering prizes worth Rs 1.5 lakh. Genesis-X will challenge participants to develop AI-driven games within 36 hours, with prizes worth Rs 2.5 lakh. 'Resilient India – A Bridge Towards a Developed India' will feature student competitions in photography, documentary filmmaking and policy drafting, with a prize pool exceeding Rs 1.50 lakh. The Apex Ad Sprint will spotlight marketing innovation through brand-building and digital communication strategies, offering prizes of up to Rs 3 lakh. Under the Flagship Events category, Drone Forge will see students design, build and pilot drones within a limited timeframe, with a prize pool of Rs 1 lakh. PCB Innovatex, a workshop and design challenge in collaboration with Altium, will focus on PCB design, carrying prizes worth Rs 4.45 lakh. The Nationwide Moot Court Competition will bring together law students from across the country, competing for prizes worth Rs 2.17 lakh. Mapathon, a collaborative thematic map-making competition, will offer a prize pool of Rs 3.5 lakh, while ProtoWar, a hardware and prototype development challenge, will carry prizes worth Rs 1.5 lakh. CaseVerse – Case Studies and Simulation, organized in collaboration with Harvard Business Publishing Education, is a high-impact academic-industry interface anchored around the theme 'Leveraging AI for Sustainable Business Solutions'. The competition immerses participants in complex real-world business scenarios where artificial intelligence, innovation and sustainability intersect, with a prize pool of Rs 60,000. Under the Core Events category, the participants will also compete in a wide range of creative and technical events including Hovermania, Chef De Campus, PHYSX Fusion, Shelter Genius, Robotics Skills Challenge, Virtual Patient Journey Challenge, AI Quest, CodeReplay, TechCouture, Vanity Cup, MilletVerse, Innovative Healthy Street Food, Wealthcraft Challenge, Think Like an Economist, Bio-Circular Innovation Sprint, Confloat, Tech4SDG Ideathon, Apex Energy AI Summit, Itinerary Innovator Challenge, Revealing the Invisible: Instrumental Chemistry in Environmental Monitoring, Pharma Manthan, Future Build Innovation Pitch Competition, Tech for Truth – AI in Criminal Investigation and Beyond, and Learning Carnival. Key Highlights of AI Fest - 2026: • Campus Tank – India's First university-led startup launchpad offering access to a $6 million pooled funding opportunity to support high-potential, innovation-driven ventures. • Sandbox – An open, no-age-bar innovation platform where 10 selected teams will work on AI and deep-tech solutions under a structured startup cohort. • InnovFest - Over 1,000 national and international teams to participate in 35 competitions across three categories with prizes worth Rs 1 Crore • Globally recognized SAS certifications worth over Rs 1 crore up for grabs for participants, along with other prestigious certifications • AI Hack Matrix – AI for Good, 24-hour non-stop hackathon offering prize money of Rs 1.5 lakh to the top three teams • PCB Innovatex: A PCB design workshop and challenge in collaboration with Altium, offering prize money worth Rs 4.45 lakh • Handholding, Funding and Incubation support by Chandigarh University to the best Start-up ideas • Genesis-X: A 36-hour flagship challenge where teams develop AI-powered games, with prizes of Rs 2.5 lakh • Resilient India: A multidisciplinary competition focusing on photography, disaster awareness, documentaries and policy drafting with prizes exceeding Rs 2.5 lakh • Apex & Sprint: A premier marketing challenge where teams showcase branding skills with prizes up to Rs 3 lakh 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: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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