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    Sensex declines by 443 pts on heavy selling in HDFC Bank, Axis Bank
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    Nearly 55.49 Crore Users Onboarded on UPI as in June 2026
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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
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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.
July 20, 2026
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Parental consent in APAAR enrolment requires a genuine opt-out option and compliance with personal data protection safeguards.
APAAR consent procedures were questioned because a scheme described as voluntary may effectively require Aadhaar enrolment and condition educational access on an academic identifier. The Orissa High Court direction required the model consent form to give parents an express option to refuse consent or opt out before enrolment. Concerns included informed parental consent, withdrawal of consent, long-term storage of children's educational records and privacy protections. Educational circulars remain subject to the Digital Personal Data Protection Act, and any data-processing framework must comply with applicable consent requirements.
July 20, 2026
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Agricultural export facilitation supports frozen potato product market access through trade promotion and state logistics assistance for exporters.
Agricultural export facilitation supported the first export of frozen French fries from Uttarakhand to Iraq, promoting value-added agricultural exports and processed food market access. APEDA assisted the exporter through international trade exhibitions for buyer engagement and market outreach. Logistics costs affecting landlocked-state exports are being addressed through work on a State Agri Export Policy, including transport assistance provisions to improve competitiveness, strengthen export infrastructure and support participation in export-oriented agricultural supply chains.
July 20, 2026
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Responsible business conduct requires credible ESG disclosures, sector-specific reporting, supply-chain due diligence and inclusive MSME participation for sustainable development.
Responsible business conduct and ESG integration were presented as constitutional and legal obligations connected with environmental protection, social equity, human dignity and sustainable development. ESG was discussed as extending beyond compliance to support resilience, risk management and sustainable innovation. Key priorities included credible, comparable and reliable disclosures; sector-specific reporting responsive to materiality and data gaps; responsible value-chain due diligence; MSME capacity-building; technology-enabled traceability; credible assurance; and rigorous, comparable environmental metrics. Capacity-building, policy research and partnerships were identified as important to advancing inclusive ESG adoption.
July 20, 2026
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Intelligence-led anti-smuggling enforcement disrupts narcotics, illicit tobacco and cross-border arms trafficking through coordinated seizures and arrests.
Intelligence-led operations addressed narcotics smuggling, illicit tobacco trade and cross-border arms trafficking. Methamphetamine allegedly smuggled from Myanmar and pseudoephedrine intended for illegal export were seized, with arrests made under the NDPS Act, 1985. An import container falsely declared as carrying plastic storage boxes contained smuggled foreign-made cigarettes. Drone-dropped parcels containing Pakistan-made pistols were recovered near the international border and handed to jurisdictional police for action under the Arms Act, 1959.
July 20, 2026
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Precious-metals smuggling enforcement targets concealed gold transport, illicit sale proceeds and airport insider facilitation networks.
Organised precious-metals smuggling was targeted through intelligence-led operations involving seizures of foreign-origin gold, silver and cash believed to represent sale proceeds, with arrests of persons allegedly connected with possession, transport and facilitation of smuggled goods. The operations addressed concealment in luggage-frame rods, undergarments and specially fabricated vehicle cavities, and included alleged airport-staff assistance in clandestinely removing smuggled gold during passenger transit.
July 20, 2026
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India-EU economic cooperation advances through FTA implementation, investment facilitation, digital partnerships, manufacturing collaboration and market-access discussions across Europe.
India advanced economic engagement with European partners through discussions on trade, investment, technology cooperation, manufacturing, digital infrastructure and market access. The engagements emphasised early signing and implementation of the India-EU Free Trade Agreement, investment protection, geographical indications, regulatory cooperation and professional mobility. Cooperation initiatives included digital payments interoperability, artificial intelligence, advanced manufacturing, clean energy, cybersecurity, fintech, telecom, research and supply-chain resilience. European businesses were encouraged to establish India as a manufacturing, innovation and export hub, including through opportunities for MSMEs, startups and future-oriented sectors.
July 19, 2026
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Russian oil purchase tariffs would target major buyers and sanctions-evasion facilitators, with specified energy, nuclear and cooperation exemptions.
Proposed United States legislation on Russian sanctions would impose tariffs on imports from countries identified as major purchasers of Russian crude oil or natural gas or leading facilitators of Russian oil-sanctions evasion. It provides for periodic reassessment and tariff adjustment based on purchasing behaviour, while exempting specified reduced natural-gas imports, United States uranium purchases for nuclear and medical needs, and certain nuclear and space cooperation. The revised proposal also addresses sanctions-evasion fleets and Chinese support for Russia's defence industrial base.
July 18, 2026
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Corporate governance and asset quality improvements accompany stronger banking profitability amid continuing leadership reappointment considerations.
Banking-sector performance reporting records higher profitability, improved asset quality and lower provisions for bad loans, although operating profit declined and capital adequacy moderated. Corporate governance developments include appointment of a part-time chairman following the former chairman's resignation and concerns about internal practices. The chairman's prior financial-services role was associated with actions against shell companies and ponzi schemes targeting black-money structures. Reappointment of the managing director and chief executive officer remains subject to committee consideration.
July 18, 2026
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Covid business loan fraud involved inflated turnover, duplicate applications, personal diversion, and criminal sentencing with recovery action.
Covid business loan fraud involved false Bounce Back Loan applications based on inflated turnover, duplicate claims, and false declarations that funds would be used solely for business purposes. The loan proceeds were diverted to personal accounts for personal debts, personal finance, stocks and shares, and transfers between company accounts. The borrower pleaded guilty to fraud offences, received a custodial sentence, and faces recovery proceedings for the fraudulently obtained funds under the Proceeds of Crime Act 2002.
July 18, 2026
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Onion export infrastructure: growers seek a Nashik export hub, dedicated terminal and logistics link to global markets.
Onion growers seek development of Nashik as a National Onion Export Hub linked to the proposed agricultural market near Vadhvan port. The proposed framework includes an onion export terminal, grading, sorting, packing, quality testing and customs-clearance facilities, and rail, container and cold-chain logistics. Additional requests include a stable national onion export policy, support for processing industries, direct farmer producer organisation participation in exports, an export promotion cell, and a training, research and export-guidance centre.
July 18, 2026
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EXIM operations at Vizhinjam will establish an international cargo gateway while retaining open-access common-user port services.
Full export-import (EXIM) operations at Vizhinjam International Seaport are scheduled to commence from August 18, transitioning the port from a transshipment hub into an international cargo gateway. The launch is intended to reduce logistics costs, improve supply-chain efficiency, enhance export competitiveness, and support investment and employment. The port will continue as an open-access, common-user facility serving shipping companies on an equal basis.
July 18, 2026
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India-Finland technology cooperation expands across digital infrastructure, sustainable manufacturing, research partnerships, investment, and emerging industrial technologies.
India-Finland cooperation was advanced through discussions on telecommunications, digital infrastructure, electronics manufacturing, research and development, innovation, clean technologies, advanced materials, and technology transfer. Further priorities included smart urban infrastructure, sustainable construction, advanced manufacturing, localisation, industrial machinery, clean industrial solutions, and investment. The engagements also explored EV charging infrastructure and reinforced business-to-business linkages for long-term cooperation in technology, sustainable manufacturing, research, and investment.
July 18, 2026
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Alternative oil export routes aim to reduce Iraq's reliance on the Strait of Hormuz through pipeline investment and regional transit.
Alternative oil export routes from Iraq are being pursued through agreements to develop pipeline capacity that can reduce reliance on the Strait of Hormuz. Planned pipelines would support larger-scale exports through Syria and Turkey and strengthen energy-security options amid disrupted maritime shipments. Their timing and viability remain uncertain because cross-border construction requires substantial development and coordination. Existing overland shipments through Syria offer a temporary, but less efficient and more costly, route to European markets. Iraq has emphasised its preference for long-term investment partnerships over project-based contracting.
July 17, 2026
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Consolidated fraud investigation requires specialised inquiry where an investor complaint forms part of an alleged shell-company network.
A fraud investigation concerning an alleged real-estate investment scheme was transferred to the Serious Fraud Investigation Office because the named company was stated to be part of a wider alleged shell-company network already under its examination. The FIR was not quashed, as the complainant's individual transaction had not been investigated. A single specialised inquiry was considered necessary to prevent fragmented or conflicting investigations into an allegedly indivisible fraud scheme.

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4 Chandigarh University Law Graduates Become Judicial Officers, 244 Secure Jobs at Corporate Law Firms

July 23, 2026

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Over 1400 CU Law Students Undergo Internship at Supreme Court, High Courts, Top Law Firms & Judicial Institutions in 2025-26
CHANDIGARH, India, July 23, 2026 /PRNewswire/ -- With early career guidance and practical legal training being provided by Chandigarh University (CU) to its law students, four CU students have secured coveted positions as Civil Judges cum Judicial Magistrates and over 244 have been hired by various corporate law firms and legal branches of top law firms and private companies, in the past four years, in addition to hundreds of students practicing law in various courts including High Courts and Supreme Court.




Chandigarh University boosts employability of its law students by providing practical exposure to aspiring legal professionals and has facilitated internships for over 1,400 of its law students at some of India's most prestigious judicial and government institutions in the past one year, helping them gain practical experience in judicial proceedings, policymaking, legal research, litigation, and public administration for a successful career in the legal profession.


Sharing details, Deepinder Singh Sandhu, Senior Managing Director, Chandigarh University, said "Aastha Sharma, from the LLM Batch of 2019–2022 who secured 12th rank in the J&K Civil Services (Judicial) Examination, 2023, has been appointed as a Civil Judge in Jammu and Kashmir. Another standout student from the BBA LLB (Hons) program (Batch 2018–21), Jashanpreet Kaur, achieved success in the Punjab Judicial Services Examination and was appointed as a Civil Judge cum Judicial Magistrate in 2023. Vishwas Khatak, an LLB student of Batch 2017–20, cleared the Haryana Judicial Services Examination and was appointed as Civil Judge (Junior Division) cum Judicial Magistrate First Class in 2022. Anusha Raj, a student of LLM Batch of 2021-22, has secured position as Assistant Registrar at the Bihar State Legal Services Authority, Patna."
He said that this significant milestone is a testament to the university's industry-aligned curriculum, dedicated mentorship, and unwavering commitment to shaping the next generation of judicial officers. "Chandigarh University curriculum is aligned with judiciary and competitive exams, supported by mentoring, legal drafting practice, research training, and expert sessions by judges, senior advocates, and legal professionals. Going beyond traditional classroom teaching, our students get the opportunity to get regular interaction with sitting judges and legal professionals. These engagements give students a real-world perspective on the judiciary and help them take informed career decisions," he said.


Sandhu said Chandigarh University also has a robust placement program that serves as bridge between the legal profession and students.


"Our placement programs work regularly to generate placement and training opportunities for the students. Apart from practicing law in various courts, over 244 Chandigarh University students have also been hired by various corporate law firms and legal branches of top private companies, including TACT India Pvt. Ltd, Gurgaon; Equilaw Partners, New Delhi; MACS & Associates Chartered Accountants, New Delhi; IOTA Analytics, Mohali; Civic-Minds India Pvt Ltd, Mohali; Matani-Legal Private Limited, Kanpur, UP; EXO Edge India LLP, Mohali; LAW & LEGAL Chandigarh; Naks Legal, Delhi; PACER Digital India Pvt. Ltd ,Mohali; Steel Strips Ltd, Chandigarh; Virtual Admins , Mohali; Madar Financial, Noida; Assentio Mentium Law Offices, Ghaziabad, Delhi; Lawyered.in and Vidhi Chambers," he added.


Deepinder Singh Sandhu said that through the internships at the Supreme Court, Punjab and Haryana High Court, Union Ministry of Law and Justice, Punjab Human Rights Commission, Punjab State NRI Commission, Consumer Courts and prestigious law firms across the country, over 1400 Chandigarh University's law students have got the opportunity to gain first-hand experience of court proceedings, courtroom arguments, case management, research and functioning of judicial institutions, government bodies and law firms.


"This year, 14 of our law students got an internship opportunity at the Supreme Court, 305 students did an internship at High Courts at 15 States, 766 in District Courts across 19 States, 179 students did internships at lower courts, 79 did internships at 82 Corporate Law Firms in 8 States and 2 foreign countries South Africa and Zimbabwe, 5 students did internships at office or Chambers of Advocates, 21 did internship at legal branches of Multi-National Companies (MNCs), 5 at Non-Governmental Organisations (NGOs), 12 Students did internships with retired judges or government law officers, 8 in the Punjab Human Rights Commission, 6 in the Punjab State NRI Commission, 8 in the Punjab State Consumer Court, and 4 in the Punjab District Consumer Court. These internships serve as a strong foundation towards future Judicial Services Examination and distinguished legal careers of our students. The remarkable response from prestigious institutions for giving internships to our students reflects the quality of legal education at Chandigarh University," he said.


Deepinder Singh Sandhu added, "The objective of these internships is to strengthen students' practical legal skills and provide early professional exposure before they join the legal profession. Chandigarh University law students enrolled for the 5-Year Integrated Law Program complete a minimum of 20 weeks' internship, and students of the 3-Year Law Program complete at least 12 weeks' internship at various courts and tribunals, offices of practicing advocates, law firms, legal NGOs and legal departments of companies. To ensure that students gain practical exposure from the very beginning of their legal education, our one-month summer internship and 2-week winter internship programs start immediately after completion of the first year of our students at the university. These internship programmes bridge the gap between classroom learning and professional legal practice, while equipping them with the practical knowledge, confidence and skills required to excel in the legal profession."
He said that Chandigarh University facilitates unique legal specialization-based internships including Civil Law, Criminal Law, Corporate Law, Cyber Crime, Intellectual Property Rights (IPS), Arbitrations, Taxation, NGO and government legal bodies under the mentorship of reputed advocates and law firms, besides internships including stipend-based Internships for final year students under advocates ranging from Lower Courts, High Courts, Supreme Court, Corporate Law Firms as well as reputed Judges and government bodies.


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 fields 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/
(Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI PWR

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