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    DRI busts several wildlife trafficking networks across India operations
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July 14, 2026
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Wildlife trafficking enforcement targets ivory, endangered species, and transnational smuggling through coordinated operations and CITES-based protections
Intelligence-led operations targeted organised wildlife trafficking involving endangered and protected fauna, ivory, and other wildlife products. More than 440 protected or endangered animals, approximately 15 kg of ivory articles and elephant ivory, and products including pangolin scales, leopard pelt, seahorse-based articles, and Red Sanders were seized, while 33 persons were arrested or apprehended. Elephant ivory recoveries were referred to the Forest Department for action under the Wildlife (Protection) Act, 1972. The Indian elephant is protected under Schedule I, trade in elephants and derivatives is prohibited, commercial ivory trade is restricted under CITES obligations, and ivory imports and exports are prohibited under the Foreign Trade Policy.
July 14, 2026
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Reseller cover bids and coordinated supplies sales treated as cartelisation, with penalties and cease-and-desist directions imposed
The Competition Commission of India addressed cartelisation in the sale and supply of toner, cartridges and other consumables used with print hardware products. Sixteen Tier-2 resellers were identified as having sought and submitted support or cover bids, contrary to Sections 3(3)(d) read with Section 3(1) of the Competition Act, 2002. HP India was identified as playing a central role in the arrangement. Monetary penalties were imposed on HP India, the resellers and relevant officials under Section 48, together with directions to cease and desist from the anti-competitive conduct.
July 14, 2026
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Bid-price coordination and tender-participation manipulation in personal system products attract competition-law penalties and cease-and-desist directions.
HP India and five resellers were found to have engaged in cartelisation in the sale and supply of personal system products. The conduct included dictating bid prices and manipulating reseller participation in GeM tenders by withholding authorisation. The conduct was treated as contravening Sections 3(3)(d) read with Section 3(1) of the Competition Act, 2002. The resellers were found to have acted in collusion with HP India, while officials were treated as liable under Section 48. Penalties and cease-and-desist directions were imposed under the Act.
July 14, 2026
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Export Growth Driven by AI Demand as Technology Products, Semiconductors, and Electric Vehicles Lift China's June Trade Performance
China's exports increased sharply in June, driven by strong external demand associated with the expansion of artificial intelligence. Exports of electric vehicles, semiconductors, and related technology products expanded significantly, while imports also recorded substantial year-on-year growth. Strong export manufacturing helped offset weakness in domestic demand.
July 13, 2026
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Cryptocurrency investment fraud allegations trigger PMLA provisional attachment of bank deposits, flats, and commercial shops linked to diverted funds.
The Enforcement Directorate reported a money-laundering investigation into an alleged cryptocurrency fraud involving ATC Coin. It alleged that investors were induced to contribute funds through assurances of high and assured returns, and that the collections were deposited with Jewria Services Club India before being diverted through accounts of the accused and associated entities. Under the Prevention of Money Laundering Act, bank deposits and Mumbai properties comprising residential flats and commercial shops were provisionally attached.
July 13, 2026
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Preferential market access anchors India-US trade negotiations as tariff investigations and bilateral commitments remain under discussion
India and the United States are progressing negotiations on a framework deal and a bilateral trade agreement focused on preferential market access and comparative tariff advantages. India is engaging with the USTR on Section 301 investigations concerning forced labour and excess industrial capacity. The forced-labour investigation has proposed an additional tariff on imports from India, but the measure remains unfinalised. India has urged resolution through bilateral negotiations rather than unilateral measures. The excess-capacity investigation remains pending, and the eventual trade agreement is expected to address relevant aspects of the bilateral trade relationship, including tariff treatment, market access, and investigation-related issues.
July 13, 2026
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Export-control sanctions prohibit routing electronic components to Iran through intermediaries, with conspiracy liability turning on knowledge and assistance.
US export-control sanctions prohibit the unlawful export of electronic components to Iran through intermediaries or front companies. The reported prosecution concerned allegations that an employee conspired with an Iranian business associate to obtain components for a Tehran-based company whose technology had potential military applications. Prosecutors relied on documents, text messages, photographs, and communications said to show knowledge and assistance, while the defence disputed procurement, the Swiss company's characterization as a front, and proof that components reached Iran. Evidence concerning a specific drone attack was limited to general evidence about the Iranian company and potential military applications.
July 13, 2026
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Mandatory securities compliance governs mutual fund redemptions, investor consent, disclosures, due diligence, and trustee responsibilities
Compliance with securities regulations is presented as mandatory regardless of whether investors ultimately incur losses or receive benefits. Close-ended mutual fund schemes must be redeemed at maturity unless formally rolled over with informed written investor consent and prior disclosure to SEBI. The reported issues also include inadequate due diligence regarding issuers' financial condition, excessive reliance on pledged collateral, delayed disclosures to investors and SEBI, and the trustee company's failure to independently assess regulatory compliance and unitholder interests.
July 13, 2026
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Rupee weakness reflects geopolitical risk, crude prices, capital outflows, rising inflation, and widening trade pressures on India
The Indian rupee weakened against the US dollar amid heightened US-Iran tensions, elevated crude oil prices, a stronger dollar and foreign capital outflows. Pressure on the domestic currency was linked to concerns over India's import bill and risk aversion in global markets, while domestic market recovery and some moderation in crude prices limited the decline. Retail inflation rose above the central bank's four per cent target, and the merchandise trade deficit widened as imports, particularly crude-related imports, increased despite stronger exports.
July 13, 2026
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Predicate-offence acquittal removes the foundation for money-laundering proceedings arising from alleged coal-block allocation irregularities
Money-laundering proceedings under the Prevention of Money Laundering Act depend on the existence of a scheduled offence and identifiable proceeds of crime. Although money laundering is an independent offence, its prosecution cannot survive when the predicate offence forming its foundation has ended in acquittal. The basis for treating property or transactions as proceeds of crime is then removed, making continuation of proceedings for money laundering and company-related liability under the PMLA legally unsustainable. Proceedings may be reopened if the acquittal is later set aside or materially varied.
July 13, 2026
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PMLA bail requires satisfaction of twin statutory conditions amid allegations of impersonation, cheating, and suspected money laundering
The reported bail proceedings concerned the twin conditions under Section 45 of the Prevention of Money Laundering Act: reasonable grounds to believe that the accused was not guilty and assurance that he would not commit an offence while on bail. The prosecution also raised concerns regarding possible evidence tampering, witness intimidation, and repetition of similar conduct. The accused relied on a serious heart ailment and constitutional protection against punitive pre-trial detention, while the reported order noted his medical stability in custody and that the investigation complaint had not yet been filed.
July 13, 2026
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Frozen political party accounts raise questions on representative authority, Election Commission recognition, and preventing money laundering during investigation
Permission to operate three Trinamool Congress bank accounts frozen by the Enforcement Directorate was sought before the Calcutta High Court in connection with a probe into alleged dishonest financial dealings, unlawful collection of money, and routing of suspected funds through specified accounts. The Enforcement Directorate challenged the petition's maintainability, asserting that the filers lacked authority and had not disclosed an ex parte civil court order. The petitioners relied on the party constitution and the Election Commission's jurisdiction over recognition of political parties, while the Enforcement Directorate maintained that releasing the funds would undermine the prevention of money laundering.
July 13, 2026
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Fake investment and work-from-home scams: laundering through mule accounts, shell entities and crypto wallets prompts asset seizures
Money laundering investigations under the Prevention of Money Laundering Act concern alleged fake online investment and work-from-home scams involving promises of lucrative returns and commissions. Funds transferred by victims were allegedly layered through mule bank accounts and shell entities, converted into cryptocurrency, and moved through multiple crypto wallets to conceal their origin and ownership. Searches were conducted at multiple locations, with cryptocurrency and cash seized and multiple bank accounts frozen under the PMLA.
July 13, 2026
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Engineering export growth reflects market diversification, trade agreements, and rising global competitiveness despite persistent international uncertainty
India's engineering goods exports increased by nearly 21 per cent year-on-year in June, rising to USD 11.48 billion. Cumulative exports during April-June of the 2026-27 fiscal reached an estimated USD 34.14 billion, reflecting 18 per cent growth over the corresponding period of the previous year. The reported export performance was attributed to free trade agreements with key partner countries, diversification of products and markets, and the increasing global competitiveness of Indian engineering products despite continuing global uncertainty.
July 13, 2026
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Rural infrastructure development through NABARD strengthens farmer support, women's financial inclusion, and climate-resilient agriculture in Rajasthan
NABARD is presented as a key partner in Rajasthan's rural infrastructure and agricultural development. Its initiatives support small and marginal farmers through Kisan Credit Cards, farmers' clubs and Farmer Producer Organisations, while the Self-Help Group-Bank Linkage Programme promotes financial inclusion among rural women. NABARD also supports climate-change resilience, honours rural development institutions and artisans, and provides grants for projects promoting climate-resilient agriculture.
July 13, 2026
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Retail inflation rises above target as food and fuel pressures challenge monetary policy outlook ahead of August review
Retail inflation based on the Consumer Price Index increased to 4.38 per cent in June from 3.93 per cent in May, exceeding the Reserve Bank's median target of 4 per cent. Food inflation rose to 5.32 per cent. The Reserve Bank's framework seeks to maintain CPI inflation at 4 per cent within a tolerance band of 2 per cent on either side. The Reserve Bank retained the benchmark policy rate at its June meeting but raised its inflation forecast for 2026-27, citing higher input costs and global energy price transmission to domestic fuel prices. Economic assessments anticipated further inflationary pressure while generally expecting the policy rate to remain unchanged at the forthcoming review.
July 13, 2026
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Money laundering proceedings fail when acquittal in the scheduled offence removes the basis for alleging proceeds of crime.
Money laundering proceedings arising from the Bander coal block allocation were terminated because the underlying predicate offences had already ended in acquittal. The central legal point reported is that, while money laundering under the Prevention of Money Laundering Act is a distinct offence, its survival depends on the continued existence of the scheduled offence and proceeds of crime. Once acquittal in the scheduled offence removed that foundation, the complaint under Section 3 read with Section 70, punishable under Section 4, was dropped and dismissed.
July 13, 2026
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Trade deficit expansion accompanies export growth as higher crude oil, electronics, machinery and gold imports outpace merchandise export gains.
June trade data shows export growth alongside a wider merchandise trade deficit because imports increased faster than exports. The higher import bill was driven mainly by crude oil, with electronics, machinery and gold also adding to import pressure. April to June figures reflect the same trend, with cumulative imports outpacing export growth and enlarging the merchandise trade gap. Export strength was reported in sectors such as electronics, iron ore, handicrafts, meat and dairy products, while services trade estimates for June indicate a surplus as services exports exceeded services imports.
July 13, 2026
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Foreign currency mobilisation gains momentum through FCNR(B) deposits, ECBs and OFCBs, backed by NRI outreach and swap facilities.
Foreign currency mobilisation under the FEMA / RBI framework is being driven through FCNR(B) deposits, ECBs and OFCBs, with banks directed to strengthen NRI outreach, offer innovative deposit products and sustain mobilisation during the scheme period. Attractive returns on fresh FCNR(B) deposits, supported by suspension of the interest rate ceiling, customised digital outreach, use of International Banking Units at GIFT City, central bank support, and real-time reporting are presented as key implementation mechanisms. The scheme combines a US dollar-rupee swap facility for fresh FCNR(B) deposits with a concessional swap facility for eligible ECBs and OFCBs to support capital inflows and the balance of payments.
July 13, 2026
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Trade pact negotiations advance as India and the US align a framework deal with wider tariff and market access discussions.
India-US trade negotiations are advancing through a framework deal and a bilateral trade agreement, with discussions focused on preferential market access and India's effort to obtain comparative tariff advantage over competitor nations. The framework arrangement is stated to be ready for signature at the appropriate stage, while the broader agreement remains under negotiation. India is also engaging with Section 301 investigations on forced labour and excess industrial capacity; proposed additional tariffs affecting multiple economies, including India, have not yet been finalised.

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73 Sports Medal Winners of Chandigarh University get government jobs in 2025-26

July 28, 2026

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Bags jobs in Railways, Armed Forces, ITBP, BSF, Police & Banks
CHANDIGARH, India, July 28, 2026 /PRNewswire/ -- With outstanding performances in the sports arena, Chandigarh University's 73 medal-winning student-athletes, including 29 females, have been selected for government jobs in the Indian Army, Central Armed Police Forces (CAPFs), Paramilitary Forces and various government institutions under the Sports Quota during 2025-26 academic year.




Sharing details, Deepinder Singh Sandhu, Senior Managing Director, Chandigarh University said 73 meritorious student athletes of Chandigarh University have been selected for the government jobs on the basis of their outstanding medal-winning performances at state, national, and international levels in diverse sports, including Athletics, Kayaking and Canoeing, Badminton, Boxing, Fencing, Hockey, Judo, Kabaddi, Swimming, Rowing, Rugby, Table Tennis, Weightlifting, Wrestling, Basketball and Volleyball.


"Of the 73 student-athletes who secured government jobs in the past one year, 56 (76%) have joined Army, Paramilitary and Central Armed Police Forces including Border Security Force (BSF), Central Industrial Security Force (CISF), Indo-Tibetan Border Police (ITBP), Sashastra Seema Bal (SSB) and Assam Rifles. In addition to this, 17 Chandigarh University's student athletes have also secured jobs in the Railways, Police, Income Tax Department, Haryana Sports Department, SBI, and other government institutions. This remarkable achievement not only reflects the recognition of the outstanding performances of our student athletes but also underscores Chandigarh University's commitment to nurture champions, on the field and beyond," he said.


Sharing discipline-wise appointments in government jobs, Sandhu said, "Among CU's student athletes who secured government jobs, the largest group—comprising 21 individuals—comes from kayaking and canoeing, the popular water sports. Chandigarh University won 23 of 30 Gold Medals, 1 Silver and 1 Bronze Medal in Canoe and Kayaking, the popular water sports discipline, during 5th Edition Khelo India University Games (KIUG) 2025 where Chandigarh University created history by topping the medal tally with a staggering haul of 42 Gold Medals, 14 Silver Medals and 11 Bronze Medals."
He said apart from Canoe and Kayaking, 13 student athletes from Rowing, 7 from Weightlifting, 5 each from Athletics and Boxing, 4 from Volleyball, 9 from Basketball, 3 each from Fencing and Kabaddi, 2 each from Judo, Swimming, and Wrestling, and 1 each from Pencak Silat, Table Tennis, and Rugby have also been selected for government jobs during 2025-26. These figures demonstrate Chandigarh University's commitment to excellence in both academics and sports. Since its inception in 2012, Chandigarh University has been setting remarkable new benchmarks in grooming successful professionals across both traditional and emerging sports disciplines.


Sandhu said, "Among the selected student-athletes, 17 were chosen for the BSF, 14 for the CISF, 9 for the ITBP, 6 for the Indian Army, 3 for the SSB, 1 for the Assam Rifles, and 1 for other paramilitary forces. Additionally, 14 athletes were selected by Indian Railways, one each by the Himachal Pradesh Police, Income Tax Department, State Bank of India, Haryana Sports Department, Bihar Government while the recruitment process for three athletes into the UP Police is currently underway. These appointments clearly demonstrate that the university's athletes are fully prepared to play pivotal roles in national security, law enforcement, and public service.


Speaking on the students' achievements in sports, Deepinder Singh Sandhu said, "The selection of 73 athletes into government departments—including the Indian Army, ITBP, CISF, and BSF—is not only a matter of pride for Chandigarh University but also serves as an inspiring example for young athletes across the country. This achievement underscores the fact that when talent is supported by world-class facilities, expert guidance, and the right opportunities, athletes can achieve success on the sports field while also securing the supreme opportunity to serve the nation. The university does not merely prepare athletes for competitions; it also provides training for physical, mental, and personality development aligned with the selection processes of defense services and other government institutions. This is why our athletes are consistently achieving success in government services alongside winning medals in competitions."
Sandhu said it was the outstanding performance of Chandigarh University's talented students that led to the university becoming the first private institution in India to win the Maulana Abul Kalam Azad Trophy by winning the 4th edition of KIUG 2024 by winning 71 medals including 32 gold. CU shattered its own record by winning 10 more gold medals in KIUG 2025 to finish with 42 gold medals which is highest ever haul by a university in the Khelo India University Games to secure the winner's title at the Khelo India University Games for two consecutive years. Furthermore, in the 2025-26 period, Chandigarh University's athletes won 338 medals—comprising 147 gold, 92 silver, and 99 bronze—across various national, international, zonal, and AIU competitions. This shows that being India's number one private university, our focus extends beyond academic excellence to honing budding sporting talent and shape them into national and international medal winners. By producing sportspersons of national and international repute, Chandigarh University is strengthening India's sporting ecosystem to achieve the vision of our Prime Minister to make the nation a sporting superpower.


Sandhu said the pursuit of excellence at Chandigarh University is not merely restricted to academics and produced acclaimed athletes like cricketer Arshdeep Singh, Arjuna Awardee and Indian Kabaddi Team captain Pawan Sehrawat, hockey star Sanjay who have brought laurels to the country. "Chandigarh University empowers athletes through world-class education, global-standard academics, and robust sports scholarships. Chandigarh University's dedicated sports policy that not only hones sporting talent but also produced national and international achievers with professional training, state-of-the-art sporting infrastructure and strict diet regimen. The university has allocated an annual budget of Rs 6.5 crore for sports. Athletes and players are provided with special diets, sports kits, travel arrangements, coaching, hostel accommodation, and all other facilities free of cost by the university to help Chandigarh University student athletes pursue their passion in sports without any economic constraints and secure bright career opportunities," he added.


About Chandigarh University
Chandigarh University is a NAAC A+ Grade University and QS World Ranked University. This autonomous educational institution is approved by UGC and is located near Chandigarh in the state of Punjab. It is the youngest university in India and the only private university in Punjab to be honoured with A+ Grade by NAAC (National Assessment and Accreditation Council). CU offers more than 109 UG and PG programs in the field of engineering, management, pharmacy, law, architecture, journalism, animation, hotel management, commerce, and others. It has been awarded as The University with Best Placements by WCRC.


Website address: https://www.cuchd.in/
(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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