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    IIM Udaipur Virtually Launches BBA Program
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    2 months after arrest, Nashik court grants bail to TCS staffer Nida; no relief for co-accused
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    Forged GST bills, rural bank accounts aided India-Myanmar betel nut racket: ED
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July 7, 2026
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Bilingual online management education expands access while preserving academic rigour through structured learning and accountable evaluation.
IIM Udaipur virtually inaugurated its BBA Program as a bilingual, online-enabled management education initiative designed to widen access while maintaining academic rigour. The program combines digital delivery with offline examinations, faculty-led structured learning, regular assessment and scholarship support, and was presented as a model for accessible yet high-quality management education.
July 7, 2026
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Provident fund payment integration streamlines digital statutory compliance through EPFO portal transactions and instant challan confirmation.
IDFC FIRST Bank has been integrated with the Employees' Provident Fund Organisation platform to facilitate provident fund payments through its retail and corporate internet banking channels. The arrangement enables establishments to create challans on the EPFO portal, select the bank as payment option, complete transactions digitally, and obtain real-time confirmation and instant challan downloads for reconciliation and record-keeping.
July 6, 2026
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Bail in sexual harassment and forced conversion allegations turns on grave accusations, witness tampering risk, and coercion claims.
Bail proceedings arose from allegations of sexual harassment, deceitful sexual relations, caste-based abuse, and attempts to coerce religious conversion against employees connected with a TCS unit in Nashik. One accused was granted bail, another was denied bail on the ground that the accusations were grave and that the possibility of tampering with evidence, intimidating witnesses, or fleeing from justice could not be ruled out; a reasoned order on the woman accused's bail was not available in the text, though she had sought bail on the ground of pregnancy.
July 6, 2026
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Landing and parking charges waiver for domestic flights at major airports is reported to have lapsed without extension.
Landing and parking charges at major airports were reduced by 25 per cent for domestic flights for a three-month period under the civil aviation ministry's directive, implemented by AERA in response to West Asia turmoil and related airline financial stress. Airport operators have not received any extension order, and the reduced aeronautical tariff is reported to have lapsed.
July 6, 2026
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Forged GST invoices and hawala routing allegedly enabled a border smuggling and money-laundering network for areca nut trade.
An alleged organised syndicate smuggled foreign-origin areca nut across the India-Myanmar border and channelled the proceeds through a laundering network using forged GST invoices, bogus supplier and buyer entities, false transport documents and hawala routes. The alleged operation involved suppliers in Mizoram, facilitators in Assam, consignees and financiers in West Bengal and Uttar Pradesh, and an invoicing entity in Kolkata said to have enabled circular trading. The investigation, conducted under the Prevention of Money Laundering Act, involved multi-state searches and the seizure or freezing of diaries, title deeds, property documents, cash and bank accounts.
July 6, 2026
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Rupee depreciation against the US dollar reflects dollar strength, rate-hike expectations, and foreign exchange reserve pressures.
The rupee depreciated against the US dollar as the strengthening greenback weighed on emerging market currencies, despite firm domestic equities and softer crude oil prices. Market participants cited expectations of a further US rate hike, importer hedging demand, and dollar strength as key influences. The report also noted foreign institutional inflows into equities and observed that fresh inflows may support reserve rebuilding rather than allowing the rupee to appreciate sharply. India's foreign exchange reserves declined in the latest weekly update after a prior increase.
July 6, 2026
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India-EFTA TEPA expands seafood market access through tariff concessions, export facilitation, and new investment opportunities for exporters.
India-EFTA TEPA is described as a trade and investment framework that expands market access for Indian seafood exporters through tariff concessions, export facilitation, regulatory alignment and investment collaboration. The agreement is said to support technology transfer, joint ventures and opportunities across the seafood value chain, while discussions focused on compliance requirements, quality standards and strategies for strengthening exports to EFTA markets.
July 6, 2026
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Offer for sale drives NSE's planned public issue, with major shareholders set to divest equity.
The National Stock Exchange is targeting a large initial public offering in September through an offer for sale of 14.89 crore equity shares, with existing shareholders proposed to divest nearly 6 per cent of the exchange's equity. The issue is expected to value the exchange at over Rs 5 lakh crore, and the exchange is preparing for the public issue by beginning roadshows and appointing merchant bankers, legal advisers and other intermediaries. Major selling shareholders include several institutional investors and public sector entities, while Life Insurance Corporation of India is not participating in the share sale.
July 6, 2026
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Bilingual management education expands access through digital learning, hybrid teaching and practical industry exposure for students.
Technology-enabled bilingual management education was presented as a means of widening access to quality education and reducing the rural-urban divide through an online bilingual BBA programme in Hindi and English. The programme was said to extend management education through digital platforms while maintaining accountability through offline examinations. Strengthening measures included regular physical interaction, soft-skill development, experiential learning through factory, port and industrial-cluster visits, and adoption of global best practices, including digital tools, credit transfers, joint programmes and research internships.
July 6, 2026
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Rupee depreciation against the US dollar reflects a stronger greenback, rate-hike expectations, and range-bound trading.
The rupee depreciated against the US dollar amid a firmer greenback and broader pressure on emerging market currencies, closing at 95.38 after trading within a narrow intraday range. Market commentary attributed the movement to expectations of a further US rate hike, while domestic equity strength and lower crude prices provided some support. Foreign exchange conditions were also influenced by developments in India's external buffers, with forex reserves declining in the latest reporting week after a prior increase.
July 6, 2026
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Forged identity documents racket allegedly used websites, digital wallets, and fake QR codes to produce counterfeit government records online.
An inter-state racket allegedly used websites to prepare and sell forged government identity documents after online payment, including Aadhaar cards, voter identity cards, PAN-related documents, residence certificates, caste certificates, birth and death certificates, and similar records. The portal allegedly let users recharge a digital wallet, enter fictitious details, and upload photographs to generate documents resembling genuine government-issued identity papers, with QR codes that were not linked to the official database.
July 6, 2026
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Bullion prices ease as a stronger dollar and Fed rate expectations weigh on gold and silver demand.
Gold and silver prices declined in domestic and overseas markets as a firmer US dollar, weak bullion demand and broader global cues prompted traders to trim positions in precious metals. The outlook remained cautiously positive on easing inflation and weak US jobs data, but expectations of elevated interest rates were noted as a constraint on any sharp upside in bullion prices.
July 6, 2026
Show AI Summary
AI and FinTech partnership accelerates enterprise banking solutions through a direct startup pathway into regional financial services.
Strategic partnership between Emirates NBD and Techstars to accelerate enterprise-grade AI and FinTech solutions across the MENAT region through an Acceleration-to-Enterprise model. The collaboration integrates selected startups into the bank's regional ecosystem and uses its analytics and cloud-native infrastructure to support deployment in enterprise banking, with focus on compliance, wealth management, SME banking and capital markets.
July 6, 2026
Show AI Summary
Digital savings account offerings expand customer choice with paperless onboarding, Video KYC, monthly interest payouts and flexible banking access.
AU Small Finance Bank has introduced a full range of savings account products for different customer segments, with options such as AU Digital, AU Royale, AU Platinum, AU Value, AU Vikaas, AU Swadesh, AU Kids and AU Kisan. The offering centres on digital convenience, paperless account opening, Video KYC, mobile and net banking access, debit card choices, competitive interest rates and monthly interest payouts. The accounts remain subject to eligibility, internal policies and applicable terms and conditions, and deposits are covered under DICGC up to the prescribed limit.
July 6, 2026
Show AI Summary
Rupee weakness against the US dollar reflects dollar strength, reserve rebuilding by the central bank, and persistent market caution.
The rupee weakened in early trade against the US dollar, opening lower and trading at 95.28 after a decline of 10 paise, as broad dollar strength in overseas markets weighed on the currency. Market participants said the central bank is likely to use fresh foreign inflows to rebuild reserves rather than allow excessive appreciation. India's foreign exchange reserves also declined in the latest weekly reporting period after earlier pressure on the rupee had led to intervention through dollar sales.
July 6, 2026
Show AI Summary
Export promotion of premium Kashmir cherries and plums opens new overseas market access for growers.
APEDA facilitated the first export shipment of premium Areko cherries and Scentrose plums from Jammu & Kashmir to the United Arab Emirates, highlighting the export potential of the region's horticultural produce. The shipment from Shopian and Pulwama was presented as a market-access initiative for premium Indian fruits, supported by export promotion, quality enhancement, buyer outreach and export facilitation measures. The initiative was linked to better price realisation, wider adoption of export-oriented production practices and stronger global presence for fresh fruit exports.
July 6, 2026
Show AI Summary
Toy manufacturing quality upgrade gains momentum through modern testing, technology adoption and export market expansion.
Modern testing facilities are to be established across toy manufacturing clusters through BIS, the National Test House and other laboratories, with industry expected to identify the equipment needed for quality certification. Toy manufacturers are urged to upgrade production through CAD-CAM, CNC machining, modern machinery and continuous process improvement, alongside skill development centres, partnerships with ITIs and public-private Centres of Excellence. Export expansion is linked to Free Trade Agreement market access, overseas delegations, exhibitions, branding initiatives and warehousing support abroad under the Export Promotion Mission.
July 6, 2026
Show AI Summary
Investment protection framework deepens India-Israel economic ties while preserving sovereign policy space for public objectives.
The India-Israel Bilateral Investment Agreement has entered into force, establishing an investment protection framework between India and Israel. It is presented as strengthening bilateral economic relations and providing a secure and predictable investment climate for cross-border investment. The agreement is described as protecting investors and their investments while preserving sovereign policy space for legitimate public policy objectives, reflecting modern international investment law.
July 6, 2026
Show AI Summary
Codeine-based cough syrup seizures expose concealment methods used in narcotics trafficking networks under the NDPS Act.
Large quantities of codeine-based cough syrup were intercepted and seized in coordinated anti-smuggling operations in Tripura and West Bengal under the NDPS Act, 1985. The consignments were concealed inside metallic and iron drums beneath cover cargo, including powdery substance and china clay powder, to evade detection during transport and storage. The operations involved recovery from a train parcel van and a warehouse, with one person arrested after arriving to take delivery of the consignment.
July 5, 2026
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Emergency natural gas supply curbs withdrawn as LNG shipments through the Strait of Hormuz resume after ceasefire.
Withdrawal of emergency natural gas supply restrictions followed the normalisation of LNG shipments through the Strait of Hormuz after a ceasefire and the resumption of maritime traffic. The Ministry of Petroleum and Natural Gas amended the Natural Gas (Supply Regulation) Order, 2026 by omitting key operational provisions of the March emergency framework, which had been issued under the Essential Commodities Act in response to disruption of West Asia LNG supplies and supplier force majeure declarations. The omitted provisions had authorised government direction and diversion of domestic gas, imported LNG and regasified LNG to priority consumers and had overridden existing gas sale agreements and related commercial contracts.

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Customs, DGFT & SEZ

India's Services Exports Rise to USD 421.3 Billion in FY 2025-26, Led by Telecommunications, Computer and Information Services and Business Services

July 24, 2026

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Government Expands Global Market Access for Indian Service Providers Through FTAs and Trade Promotion Initiatives

 

The trend in India’s services exports over the last five years from 2021-22 to 2025-26, along with the major sectors driving this growth are:

Sectors

 

2021-

22

 

2022-

23

 

2023-

24

 

2024-

25

 

2025-

26

Share in Total Services exports

(1)

(2)

(3)

(4)

(5)

(FY26)

Total Services

254.5

325.3

341.1

387.5

421.3

100.0%

Sub-sectors contributing to major share of services exports

Telecommunications, computer and information services

125.6

152.3

163.6

183.3

206.6

49.03%

Business services

58.9

80.3

88.6

107.2

124.2

29.5%

In order to enhance services exports, Government of India follows a multi-pronged strategy. It comprises the following:

1. Focused strategies for enhancing exports are undertaken for specific markets and sectors.

2. Domestic sectoral challenges impeding services exports are identified in consultation with the stakeholders and addressed through concerned departments/ ministries.

3. Through Free Trade Agreements

  • Government has secured comprehensive market access and national treatment in services to allow Indian service providers to provide services in key sectors on no less favourable terms through different modes such as cross-border (including digital mode), commercial presence in the FTA partner country and temporary movement of professionals to the partner country. India’s recent FTAs have incorporated disciplines on domestic regulation to ensure that authorisation processes for key services are time-bound, predictable, objective, impartial, and transparent. This ensures that Indian service suppliers do not face challenges in partner countries due to opaque, unpredictable or burdensome regulatory procedures. Through FTAs, India has been able to obtain structured, expedited routes that will facilitate temporary mobility of skilled Indian professionals to provide services in foreign markets.
  • Facilitative provisions for time-bound negotiations of Mutual Recognition Agreements (MRAs) between relevant professional bodies, to facilitate recognition of qualifications and associated licensing requirements. Such MRAs aim to ensure that partner nations accept each other's certifications, and professionals do not have to go through duplicative local testing, additional training, or lengthy re-certification processes before they can practice.
  • Some other beneficial provisions are highlighted below :-
  • India has secured supportive framework for Students in FTAs with Australia and New Zealand.
  • Supportive framework related to Social Security Agreements (SSA) to avoid double payments and ensure continuity of social security protection have been secured in recent FTAs such as India-Oman CEPA, the side letter on SSA provisions in India-New Zealand FTA, Double Contribution Convention in India-UK CETA, and in India-EU FTA. Based on the understanding arrived under the India- UK CETA, an agreement on Social Security Contributions was signed on Feb. 10, 2026. This Agreement will ensure that workers will not be required to pay double contributions towards their social security, when they work temporarily in each other’s territory.
  • Traditional Medicine: Dedicated provisions/ annexes are secured in agreements with Oman and EU.
  • Double Taxation related provisions negotiated in India-Australia ECTA, securing commitments to eliminate Double taxation on India's IT services.

4. Trade promotion through schemes, and participation in and organization of international fairs/ exhibitions

SEPC, set up by the Department of Commerce, plays a key role in services trade promotion and undertakes market development, trade facilitation, policy advocacy, capacity building, buyer-seller engagement, international outreach and export-promotion activities across major services sectors. They are supported in this through financial assistance under the Export Promotion Mission of Government of India. Few of the recent activities undertaken by SEPC are highlighted below:

  • 2nd edition of Medical Value Tourism (MVT) Summit on 4-5 April 2025 organised with Tamil Nadu government, featuring hospitals, wellness centres, AYUSH centres and medical institutions from Tamil Nadu.
  • Indian Pavilions in association with relevant ministries and departments: at the Arabian Travel Market (ATM) 2025, from 28 April to 1 May 2025 at the Dubai World Trade Centre, Dubai; at Global Education & Training Exhibition (GETEX) held from 30th April 2025 – 2nd May 2025 at Dubai International Convention & Exhibition Centre, Dubai, UAE; at MIPCOM 2025 in Paris, France from 13-16 October 2025 on the theme "Waves Bazaar"; at Malaysia Health & Pharma Expo from 7-9th October 2025 in Kula Lumpur, Malaysia; at Tokyo Games Show from 24-26 September 2025 at Tokyo, Japan; and at GAMESCOM 2025 from 20-24th August 2025 at Cologne, Germany showcasing Indian companies’ capabilities in gaming and entertainment segments.
  • Organised events such as Future-Ready Logistics in India on 29th August 2025; International Conference on Transforming Higher Education & Skilling towards Viksit Bhat@2024 & Education Excellence Awards 2025 on 19th September 2025; Finolegal Convergence Summit 2025 on 5th December 2025 on the theme: “Regulation. Innovation. Globalization– Building India’s Legal–Fintech Edge”; and a National Dialogue on School Education Building Future- Ready Learners for a Skilled India on 13th December 2025 at New Delhi.

This information was given by Minister of State for Ministry of Commerce and Industry, Shri Jitin Prasada in a written reply in Rajya Sabha today.

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