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    Kisan Credit Card loan 'scam' unearthed in J-K
    UPI Goes Live in Greece, Commerce and Industry Minister Shri Piyush Goyal Witnesses the Launch at Eurobank
    Govt hikes windfall tax on petrol, cuts levy on diesel, ATF exports
    Banks NPA at multi-decadal low of 1.8pc, Indian financial system remains resilient: RBI report
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July 1, 2026
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Kisan Credit Card misuse and banking credential fraud alleged in loan manipulation case, with chargesheet filed after investigation.
Alleged manipulation of Kisan Credit Card accounts and unauthorised debit transactions was reported against a daily wage employee of J-K Bank, with investigators stating that banking credentials were misused to siphon funds and enhance credit limits without authorisation. A chargesheet was filed against the accused for allegedly obtaining an amount through unauthorised transactions, manipulation of KCC loan limits, and misuse of banking credentials.
July 1, 2026
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UPI expansion and cross-border digital payments advance as services go live in Greece alongside India-Greece business cooperation.
UPI services were launched live in Greece through the Eurobank-NIPL partnership, extending India's digital payment ecosystem to a new international market. Eligible customers may transfer money instantly, securely, and seamlessly, with transaction costs reduced significantly compared with conventional money transfer methods. The accompanying India-Greece business engagements focused on strengthening trade, investment, and commercial cooperation across sectors including infrastructure, digital innovation, defence, food processing, and agriculture.
June 30, 2026
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Windfall tax on petroleum exports revised, with lower diesel and ATF levies and a higher petrol export duty.
Windfall gains tax on petroleum exports was revised for the fortnight beginning July 1, with the levy on diesel exports reduced and the levy on ATF exports reduced, while the duty on petrol exports was increased. The revised special additional excise duty applies to exports only, and there is no change in the existing duty rates on petrol and diesel cleared for domestic consumption. The exemption earlier available for exports of petrol, diesel and ATF by Public Sector Oil Companies to Nepal, Bhutan, Bangladesh and Sri Lanka was extended to similar exports to Mauritius and Maldives.
June 30, 2026
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Banking system resilience remains strong as NPAs fall, while funding costs and AI cyber threats intensify.
Indian financial system remains resilient, supported by strong bank and non-bank balance sheets, with gross non-performing assets at a multi-decadal low of 1.8 per cent as of March 2026. The report flags funding challenges from a shift away from low-cost deposits to higher-cost liabilities, rising external risks from geopolitical tensions and commodity price pressures, and AI-enabled cyberattacks as the most important near-term bank cyber threat.
June 30, 2026
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Foreign contribution compliance becomes fully digital as the revamped FCRA portal streamlines verification, monitoring and online filing processes.
A revamped online FCRA portal digitises registration, renewal, annual returns and other foreign contribution compliance processes, while incorporating the new amendment rules and enabling real-time monitoring through integrated database verification. A separate e-OCI Card provides a fully digital OCI process, online document submission and passport-detail updates without requiring a new booklet for older cardholders.
June 30, 2026
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Government of India monthly accounts show receipts, tax devolution, and expenditure composition up to May 2026.
Government of India's monthly accounts up to May 2026 show consolidated receipts of Rs.7,18,669 crore, including net tax revenue, non-tax revenue, and non-debt capital receipts, with Rs.1,75,557 crore transferred to State Governments as tax devolution. Total expenditure stood at Rs.8,81,023 crore, covering revenue and capital account spending, including interest payments and major subsidies.
June 30, 2026
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Customs duty exemption on critical petrochemical imports extended to support supply chains and domestic availability.
Full Customs Duty exemption on imports of critical petrochemical products has been extended until 15 July 2026 as temporary and targeted relief in view of the conflict in West Asia and disruptions in global supply chains. The extension is intended to ensure sufficient availability of petrochemicals in the domestic market, with the list of covered products unchanged from the earlier notification. The exemption is expected to support sectors dependent on petrochemical feedstock and intermediates and provide relief to consumers of final products.
June 30, 2026
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Trans-border gold smuggling and cryptocurrency financing exposed after concealed foreign-origin gold was recovered from a courier consignment.
Trans-border gold smuggling operation involving foreign-origin gold concealed in an international courier consignment declared as "worn gear" was intercepted by the Directorate of Revenue Intelligence. Examination of the consignment led to recovery of foreign-origin smuggled gold hidden inside gear parts, and subsequent searches at the residence of the intended recipient and the alleged mastermind yielded additional concealed gold pieces. Four persons, including the alleged mastermind and a foreign national, were arrested, and preliminary investigation indicated use of cryptocurrency to finance the smuggling network.
June 30, 2026
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Economic growth resilience improves as supply chain normalisation, capital inflows and policy support offset external shocks and inflation pressures.
The interim peace deal between Iran and the US is expected to support Indian economic growth by easing global turbulence and helping normalise supply chains. High-frequency indicators suggest firm activity, while government support to MSMEs and exports may cushion external shocks. Elevated commodity prices, a weak monsoon and limited fuel price pass-through could pressure inflation, the fiscal deficit and domestic growth, although external sector resilience and stronger capital inflows may mitigate funding constraints.
June 30, 2026
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Financial system resilience strengthened by capital buffers, improving asset quality, and stress-tested banking stability amid AI cyber threats.
Domestic financial system remains resilient, supported by strong bank and non-bank balance sheets, with scheduled commercial banks described as safe and sound and stress tests showing capital ratios above regulatory thresholds even under adverse scenarios. Non-banking financial companies are also financially sound, while AI-enabled cyberattacks are identified as the most important near-term cyber threat.
June 30, 2026
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GST appeal filing deadline extended for tribunal appeals after portal pressure and stakeholder representations.
The Government has extended the due date for filing appeals before the Goods and Services Tax Appellate Tribunal under Section 112(1) read with Section 112(3) to 31.07.2026. An earlier notification had fixed 30.06.2026 as the last date for such filings. The extension was issued in response to representations from stakeholders pointing to technical difficulties caused by a surge in filings on the GSTAT portal.
June 30, 2026
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CBDT chairmanship tenure extension on contract basis under re-employment terms and relaxed recruitment rules.
The Union government extended the tenure of the CBDT Chairman, Ravi Agrawal, by six months on a contract basis from 01.07.2026 or until further orders, whichever is earlier. The extension is on the terms and conditions applicable to re-employed central government officers, in relaxation of the Recruitment Rules, for his continued service as Chairman of the Central Board of Direct Taxes.
June 30, 2026
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INR-settled crypto derivatives trading stands out with low fees, tax treatment differences, and beginner-friendly platform features.
Delta Exchange India is presented as an INR-focused crypto trading platform designed to simplify futures, options, and tracker trading through low fees, full rupee settlement, and features for beginners and advanced traders. The platform integrates with UPI and IMPS, offers a demo account, strategy builder, basket orders, API access, and an algo marketplace, while operating in line with Indian regulations and using security measures such as two-factor authentication and multi-signature wallets. It also states that INR-settled derivatives are treated differently from direct crypto purchases under Indian tax rules and are not subject to the 1% TDS or 30% flat tax applied to direct crypto transactions.
June 30, 2026
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Rice export incentives aim to open overseas markets, support quality-compliant industries, and improve returns for farmers and millers.
Telangana is considering incentives and a dedicated policy framework to boost rice exports and help rice producers access overseas markets. Government support would extend to industries meeting export quality standards, including speedy approvals and necessary clearances, along with support for value-added rice products to improve returns for farmers and rice millers.
June 30, 2026
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GSTAT appeal filing deadline extended to July 31 amid portal congestion and technical difficulties for taxpayers.
The government extended the due date for filing appeals before the Goods and Services Tax Appellate Tribunal (GSTAT) to July 31, 2026, after stakeholders reported technical difficulties caused by heavy traffic on the GSTAT portal. Taxpayers were advised to file well in advance rather than wait until the deadline, to reduce the risk of portal congestion and technical disruption during the transition to the newly operational tribunal framework.
June 30, 2026
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IPO subscription and expansion strategy drive research analysts' Subscribe view for Aastha Spintex amid textile sector growth.
Aastha Spintex Limited has opened a fresh public issue for subscription, with the proposed listing of its shares subject to completion of the issue process and regulatory approvals. The issue proceeds are stated to be earmarked mainly for acquisition of Falcon Yarns, working capital needs, and general corporate purposes. SEBI-registered research analysts have covered the issue and assigned a Subscribe view for investors with a medium- to long-term horizon, citing expansion plans, improving financial performance, operational efficiencies, and exposure to the textile sector.
June 30, 2026
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Manufacturing growth in China gains pace as AI hardware exports lift factory activity and external demand remains key.
China's manufacturing sector expanded in June as the purchasing managers' index moved above the neutral threshold, supported by stronger new orders, production and robust exports driven by demand for artificial intelligence hardware. The report said external demand remained the main engine of growth, while domestic consumption stayed sluggish amid continued caution after the property sector downturn.
June 30, 2026
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Indian food exports gain global showcase as the India Pavilion highlights premium products, mangoes and basmati at Summer Fancy Food 2026.
India's largest-ever participation at North America's Summer Fancy Food Show 2026 was showcased through the inauguration of the India Pavilion, jointly presented by APEDA and ITPO. The pavilion brought together Indian food brands, exporters and innovators across categories including basmati rice, spices, ready-to-eat foods, beverages, organic products, frozen foods, snacks and value-added agricultural products, reflecting rising global demand for Indian food products and the strength of India's processed food sector.
June 30, 2026
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Seafood skill development advances through MPEDA's National Seafood Skill Olympiad and value-added export training programmes.
MPEDA will organise the second National Seafood Skill Olympiad during Seafood Expo Bharat 2026 to promote innovation, quality standards, skill recognition and value addition in marine exports. As preparation, MPEDA conducted 50 nationwide Seafood Value Addition Training Programmes for more than 2,500 workers and professionals, followed by preliminary, State-Level and Regional Skill Olympiads to shortlist finalists for the national finale. Seafood Expo Bharat 2026 will also provide a platform for business meetings, technical sessions and industry exchange across the seafood value chain.
June 30, 2026
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Infrastructure financing commitment expands NIIF support to attract institutional capital and fund strategic national projects.
Additional Government commitment of investment capital to the National Investment and Infrastructure Fund has been approved to expand infrastructure financing and attract institutional participation into nationally important sectors. The commitment supports a second infrastructure-focused fund, successor fund strategies and wider investment deployment across transportation, energy, digital infrastructure, urban infrastructure and e-mobility, with the broader aim of catalysing private capital and strengthening public-private partnership frameworks.

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DBS Global University Achieves Record Placements with Sector-Diversified Strategy

June 20, 2026

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Average Package increasing by 15% to ₹8.7 LPA with an increase in the top 20% package by 23% up to ₹13.47 LPA & a Highest Package of ₹40 LPA
Dehradun, Uttarakhand – June 2026 - DBS Global University is writing a success story in a year when news headlines pointing to ‘frozen hirings in IT’ or ‘cautious recruitment in banking sector’ surged all over the media platforms. Sector-focused strategy, placement intelligence, and the relentless pursuit of student’s career success powered placements at the university.


The university's 2025-26 placement season has delivered results extraordinarily. The average package stands at ₹8.7 LPA, with the top 20 percent of graduates securing ₹13.47 LPA, and the highest package crossing ₹40 LPA. These are the numbers that reflect not academic merit alone, but a deliberate institutional approach to an unshakeable placement architecture. The overall number of offerings at DGU increased by 84% as the number of companies visiting the campus increased by 32%.


A Strategy Built Across Successful Sector-Wide Placement to Address Uncertainty in the Job Market
The broader job market began slowing down, particularly in IT, where mass layoffs made global news, and in banking, where hiring volumes softened during the last financial year. It impacted the placement ratio heavily, nationwide. Amidst the prowling fear in the job market, DBS Global University stood tall among many top universities in India that followed a sector-focused approach and strategized placements. The placement team pivoted early, reinforcing a sector-diversified recruitment model designed to shield students from the volatility of any single industry.


"We don't rely on one sector to carry our results," said a senior placement official. "Our strategy is built around ensuring that a slowdown in one domain never becomes a crisis for our students."
This hedge proved effective. While peers dependent on IT-heavy recruitment felt the pinch, DBS Global University maintained placement momentum by deepening relationships across core and emerging sectors simultaneously.


Core Sectors Step Up and Deliver
The most remarkable story of this season is the focus on core sector placements. DBS Global University successfully placed students in a diverse mix of sectors inviting top IT companies (Wipro, Tech Mahindra, HCL Tech, Infosys), FMCG companies ( ITC, Mother Dairy, Dabur), cement companies (ACC cement, Adani cement, UltraTech cement, JK cement), & home construction companies (Asian Paints, Somany Tiles, Johnson, & Saint-Gobain).


Students received placement in multiple sectors including retail, edtech, logistics, banking, consulting, NBFC, insurance, ecommerce and manufacturing.


DBS Global University has built relationships with the top recruiters who recruit from the topmost private universities in India. In each of these verticals, 4 out of the top 5 companies in each sector recruit from DGU’s campus every year. That is not a mere coincidence! It is the outcome of sustained engagement, alumni networks, and a curriculum aligned to real industry needs that has put DBS Global University in the premium recruiting tier.


These sectors offered quality with volume. Companies in building materials and consumer goods recruited students for roles in leadership, supply chain management, operations, and brand management. These are the key areas where DBS Global University graduates have consistently proven their worth.


Top Companies, Across Every Sector
The IT and banking slowdown tested campuses nationwide. At DBS Global University, the response was to double down on what was already working and to go even deeper.


This consistency from top-tier recruiters across sectors signals, “employers across industries trust the talent pool of the university, regardless of the economic climate in any one domain.”
Students at the Centre of Placement Strategy
Behind every package figure is a student whose professional journey has been strategized based on a sector-wide plan. The placement team's segment-wise focused approach created better fits, stronger offer retention, and higher job satisfaction.


For DBS Global University, placements are not just a metric to be managed. They are the culmination of years of investment in a student's career cycle.


Industries evolve and the hiring equation continues to change but DBS Global University remains committed to place future-ready graduates with the top recruiters.


For placement data and recruiter information, visit: https://dgu.ac.in/placement-reports
(Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR

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