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    Rupee falls 11 paise to 96.36 against US dollar in early trade
    India Reaffirms Commitment to Rules-Based Multilateral Trading System at WTO Trade Policy Review in Geneva
    Government's Financial Inclusion Mission Continues to Foster Economic Empowerment Through Universal Banking, Social Security and Credit Access
    Tribunal absolves Lalit Modi of FEMA violation in 2009 South Africa IPL event
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    Central Bureau of Narcotics (CBN) India thwarts illegal trafficking of 12 crore Tramadol Hydrochloride, a.k.a. “fighter drug” tablets under “Ope...
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July 22, 2026
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Foreign exchange market volatility pressures the rupee as oil-linked geopolitical risks boost safe-haven dollar demand and prompt market monitoring.
Foreign exchange market movement saw the rupee depreciate against the US dollar amid higher crude oil prices, geopolitical tensions affecting oil-shipment security, and safe-haven demand for the dollar. RBI measures intended to attract overseas deposits were reported to support market confidence through foreign-currency inflows. Dealers were monitoring possible RBI participation through state-owned banks to moderate currency volatility while permitting gradual exchange-rate adjustment and preventing disorderly market movements.
July 22, 2026
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Rules-based multilateral trade engagement guides India's policy review, highlighting digital reforms, trade facilitation and clarification of market measures.
India's WTO Trade Policy Review reaffirms commitment to a transparent, rules-based, inclusive and development-oriented multilateral trading system. It identifies reforms in trade facilitation, digital customs, logistics modernisation, quality infrastructure, Digital Public Infrastructure, innovation, sustainability, agricultural resilience and regional trade agreements. WTO Members recognised India's economic resilience and customs and digital modernisation, while seeking clarification on trade and investment regimes, Quality Control Orders, trade-remedy measures and WTO reforms.
July 22, 2026
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Financial inclusion expands universal banking, social insurance, pensions and collateral-free credit for underserved households and entrepreneurs.
Financial inclusion is pursued through universal banking under Pradhan Mantri Jan Dhan Yojana, social-security coverage through life, accident and pension schemes, and credit access for underserved borrowers. Pradhan Mantri Mudra Yojana provides collateral-free institutional finance to micro and small business units for income-generating activities. The Stand-Up India Scheme supports Scheduled Caste, Scheduled Tribe and women entrepreneurs through loans for greenfield projects in manufacturing, trading, services and agriculture-allied activities.
July 21, 2026
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Foreign exchange contravention liability requires evidence that the person was responsible for the overseas transfer in question.
Foreign exchange transfer for the 2009 South Africa cricket tournament was examined under the Foreign Exchange Management Act after funds were moved to an overseas entity without prior Reserve Bank approval. The appellate tribunal set aside the penalty imposed on Lalit Modi, finding no material establishing that he was in charge of the relevant affairs or personally responsible for the alleged contravention. Liability for a foreign-exchange contravention must rest on evidence connecting the person proceeded against with responsibility for the impugned transaction.
July 21, 2026
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Rural infrastructure financing under RIDF supports irrigation, roads, water supply, cooperative digitisation, producer organisations and climate-resilient livelihoods.
Rural Infrastructure Development Fund financing supports rural infrastructure in Haryana, including irrigation, roads and drinking-water assets. Rural cooperative strengthening includes digitisation and financial viability of Primary Agricultural Credit Societies, alongside promotion and financial support for Farmer Producer Organisations. Climate-resilient measures include watershed development, groundwater management, micro-irrigation, direct seeding of rice and vegetable clusters, supplemented by livelihood training for rural women and agricultural lending and project-appraisal support.
July 21, 2026
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Supreme Court proceedings address juvenile adult trials, insolvency, electoral representation, environmental funds and foreign-exchange complaint requirements.
Supreme Court proceedings covered election representation, criminal justice, insolvency and regulatory compliance. The Court considered challenges concerning political-party merger approval, separate insolvency proceedings for group entities, and espionage charges. It sought responses on an appeal mechanism for persons excluded from the National Register of Citizens and alleged non-utilisation of environmental relief funds. Criminal matters included medical assessment for interim bail, a fresh trial in a blast case, and the principle that a juvenile accused of murder may face adult trial where statutory conditions for a heinous offence are met.
July 21, 2026
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Digital lending safeguards require verified app associations, responsible recovery, data privacy, grievance redressal and reporting channels against illegal loan apps.
Digital lending safeguards include a public directory enabling customers to verify a digital lending app's association with a regulated entity. The Digital Lending Directions, 2025 impose mandatory requirements on recovery practices, data privacy and customer grievance redressal for regulated entities, lending service providers and digital lending apps. Measures also include blocking illegal loan applications following due process, cybercrime reporting channels, complaint facilities for unlawful money collection, and public awareness programmes on fraud prevention and risk mitigation.
July 21, 2026
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Authorised Dealer Category-II remittances expand to specified trade and family-maintenance payments under the revised FEMA framework.
FEMA framework revisions described as effective from May 2026 expand Authorised Dealer Category-II activities to include specified trade remittances and family-maintenance remittances, subject to the applicable RBI and FEMA framework. EbixCash World Money Limited states that its perpetual AD-II licence carries this expanded scope. The release describes a non-bank channel for MSME and SME cross-border payments, supported by Nostro-account settlement, remittance and travel-card services, and technology-enabled compliance measures including document verification, sanctions screening, fraud detection and transaction monitoring.
July 21, 2026
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Foreign investment regulation: Draft rules propose simpler, principle-based compliance and clearer separation of procedural requirements from investment policy.
Draft Foreign Exchange Management (Foreign Investment) Rules, 2026 propose a simplified, principle-based foreign investment framework. The proposals rationalise provisions, harmonise definitions, and separate procedural foreign-exchange requirements from foreign direct investment policy and sector-specific conditions. They aim to streamline procedures, reduce compliance burdens, enhance operational flexibility, and apply investor-neutral and investee-neutral provisions while preserving regulatory safeguards. The draft Rules remain subject to public consultation before finalisation.
July 21, 2026
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Prepaid payment instrument programme adds mobility and gift card capabilities with digital servicing subject to applicable programme conditions.
Prepaid payment instrument programme launched for Indian Overseas Bank through CARD91's technology stack, incorporating RuPay National Common Mobility Card and Gift Card capabilities. The programme was implemented following requisite approvals, testing and compliance validation. The RuPay NCMC facility supports prepaid, tap-based payments for metro, bus and parking transactions, subject to the bank's programme conditions and user eligibility. Digital card servicing may include balance enquiry, transaction history, reload or top-up functions, and customer support, subject to applicable programme terms.
July 21, 2026
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Free trade agreements and e-commerce export reforms expand preferential market access, address non-tariff barriers, and support small exporters.
Export market diversification is advanced through trade agreements, export-promotion measures and capacity building. Free Trade Agreements seek preferential market access, increased trade and investment, and support for labour-intensive exports, while technical barriers to trade provisions and engagement mechanisms address standards, regulatory requirements and non-tariff barriers. Cross-border e-commerce exports are supported through trade-finance and compliance assistance, E-Commerce Export Hubs, District Export Hubs, simplified courier-export procedures, reverse-logistics facilitation, logistics planning, duty-and-tax remission, and MSME export facilitation.
July 21, 2026
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Production Linked Incentive Schemes strengthen domestic manufacturing through investment support, export growth, employment generation, monitoring and eligibility reforms.
Production Linked Incentive Schemes for 14 sectors promote domestic manufacturing, investment, exports, employment and global competitiveness. Overall coordination and monitoring rests with the Department for Promotion of Industry and Internal Trade, while sector-specific implementation is undertaken by the relevant ministries and departments. Implementation is periodically reviewed, with scheme modifications, rationalised guidelines, relaxation of specified eligibility conditions, project monitoring, stakeholder consultation and inter-ministerial issue resolution used to improve uptake and strengthen domestic manufacturing ecosystems.
July 21, 2026
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Separate corporate insolvency processes remain contested over foreign asset treatment, specialised resolution needs, and creditors' commercial decision-making.
Separate corporate insolvency resolution processes for VIL and VOVL are disputed following reversal of an earlier consolidation direction. Independent processes were preferred because the entities operate in distinct sectors and may require specialised resolution, while creditors' choice was treated as commercial wisdom not ordinarily open to tribunal interference. The dispute also concerns whether foreign oil and gas assets should be treated as VIL assets, against the background of VIL's conversion from co-obligor to corporate guarantor to ring-fence those assets from domestic business liabilities.
July 21, 2026
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Drone technology collaboration promotes joint manufacturing, technology transfer, rural entrepreneurship and global market access through an integrated industrial ecosystem.
India-Russia industrial collaboration in drone technology is proposed through engagement on technology transfer, joint manufacturing, research collaboration, investment, exports and global market access. Drone City is presented as an integrated ecosystem covering manufacturing, research and development, testing, certification support, skill development, incubation, warehousing, startup acceleration and international technology partnerships. Its expansion and panchayat-level entrepreneurship programme are expected to create rural drone enterprises and employment in manufacturing, component production, quality control, maintenance, logistics and technical support.
July 21, 2026
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WTO trade policy review will assess India's trade measures, transparency framework, reforms, and responses to member questions.
India's eighth Trade Policy Review under the World Trade Organization framework examines its trade policies and developments during the 2021-2025 review period. The process uses a Government Report and a Secretariat Report and provides a comprehensive peer examination of border and behind-the-border trade measures to promote transparency, predictability and understanding. The review addresses trade agreements, Goods and Services Tax rationalisation, digital trade-facilitation measures, and Member questions on digitisation, MSMEs, women's economic participation, Viksit Bharat and the Atmanirbhar Bharat Abhiyan.
July 21, 2026
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Fisheries subsidy disciplines promote sustainable marine resource use while excluding aquaculture and inland fisheries from their scope.
The WTO Agreement on Fisheries Subsidies disciplines subsidies concerning marine wild-capture fishing and fishing-related activities at sea. It prohibits subsidies linked to illegal, unreported and unregulated fishing and fishing of overfished stocks, promoting conservation and sustainable use of marine resources. Aquaculture and inland fisheries remain outside its scope. India's fisheries management framework is identified as supporting implementation while preserving policy space and safeguarding the interests of traditional and small-scale fishers.
July 21, 2026
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Revised Index of Core Industries adopts a new base year, adds iron ore, and revises sector measurement methodology.
The revised Index of Core Industries series adopts 2022-23 as its base year, replaces the former series and expands coverage to nine industries by including iron ore. Steel is measured using gross production data, while only raw coal is retained to avoid double counting. Weights are derived from the corresponding Index of Industrial Production series and normalised to 100. A geometric-mean linking methodology connects the former and revised series. June 2026 provisional estimates show overall year-on-year ICI growth, led principally by iron ore and electricity.
July 21, 2026
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Risk-based export controls exposed alleged pharmaceutical diversion, prompting NDPS enforcement against transnational illicit opioid trafficking networks.
Risk-based export controls and intelligence-led enforcement under the NDPS Act, 1985 addressed an alleged attempt to divert an export consignment of high-strength Tramadol Hydrochloride tablets into illicit international channels. Enquiries with the International Narcotics Control Board and competent authorities indicated that the declared destination had been misrepresented. The action involved seizure of the consignment and arrests of persons alleged to be connected with the export arrangement and conspiracy. The operation emphasises risk-based profiling, export-control scrutiny, intelligence sharing, and international coordination against pharmaceutical diversion and transnational drug trafficking.
July 21, 2026
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Trade tariffs on Canadian goods target alleged discrimination against American automobiles, alcohol and dairy products under trade law.
United States trade action imposes tariffs on most Canadian goods, citing alleged discriminatory treatment of American automobiles, alcoholic beverages and dairy products. The measures apply to goods previously protected under the United States-Mexico-Canada Agreement, subject to exclusions for energy products, potash, fish and critical minerals. The stated grounds include Canadian retaliatory tariffs, restrictions on American alcohol sales, treatment of dairy imports, and tariffs on certain United States motor vehicles outside preferential trade treatment.
July 20, 2026
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Foreign exchange market movement saw rupee depreciation amid geopolitical risk, higher crude prices, stronger dollar conditions and equity outflows.
Foreign exchange market movement saw the rupee depreciate by 6 paise to close at 96.36 against the US dollar, amid global risk aversion, higher crude oil prices, escalating US-Iran tensions and rising US Treasury yields. Market commentary indicated that anticipated Reserve Bank of India intervention could limit further downside. The report also noted a stronger dollar index, domestic equity-market declines, foreign institutional equity outflows, and an increase in India's foreign exchange reserves.

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Chandigarh University Provides In-House Training for Civil Services, Defence, Management, Banking & PSUs

August 24, 2026

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The Department of Career Planning & Development (DCPD) at CU Advances Students' Career Readiness through Preparation for Competitive Exams Including UPSC, SSC-CGL, Bank PO, GATE, CAT, CDS, UGC-NET, GRE, GMAT and IELTS
CHANDIGARH, India, Aug. 24, 2026 /PRNewswire/ -- As the higher education and employment environment in the country becomes increasingly competitive, the traditional equation of a university degree followed by campus placement is gradually getting replaced by a more diversified approach to the preparation for careers across domains. Competitive examinations and entrance tests have become important avenues to some of the country's most aspirational careers varying from UPSC for Civil Services, SSC and Bank PO for government and public sector jobs, GATE for Engineering and PSU opportunities, CAT for premier management education, CDS for defence services, UGC-NET for teaching and research and GRE, GMAT and IELTS for international higher education. This shift in turn has been prompting universities across the nation to look beyond conventional employability and connect academic learning with specific career goals and professional opportunities.




Anticipating this shift, Chandigarh University (CU) is responding to this changing demand by extending its career-development initiatives beyond regular placements with leading MNCs and top Indian and global firms. The Department of Career Planning & Development (DCPD) at CU offering career-oriented courses, competitive examination preparation, expert guidance and exposure to diverse professional opportunities spanning Civil Services, government and PSU jobs, management, defence, teaching, research and international higher education among others. By bringing exam-specific preparation, expert guidance and mentorship, and relevant resources closer to the aspiring students, Chandigarh University empowers them to pursue their career goals alongside their academic journey.


Civil Services: CU Builds a Strong Foundation for UPSC Aspirants
Civil Services still remains among the most sought-after career choices for students who want to serve the nation with the UPSC Civil Services Examination demanding extensive preparation, current-affairs awareness, analytical ability and strategic readiness. Open to graduates from any discipline, this examination offers an opportunity to pursue a career in public administration and nation-building. Chandigarh University's approach goes beyond examination preparation, with CU aiming to develop a premier platform for UPSC aspirants on campus, combining academic learning, expert mentorship, targeted workshops and relevant preparation resources. During 2024-25, CU-DCPD conducted 45 Civil Services workshops, offering students deep insights into the examination pattern, preparation strategies and experiences of eminent civil servants. CU organised a Civil Services preparation workshop on April 17, 2026, featuring Gaurav Krishna, Senior Officer of the Indian Railway Traffic Service (IRTS). Alongside such initiatives, DCPD offers 1.5-year and 3-year UPSC programmes, enabling students to do informed preparation for the competitive examination.


Preparing Students for Government, Public Sector and Banking Careers
The government and public-sector jobs continue to attract graduates with SSC-CGL and Bank PO being among the prominent competitive examinations. DCPD offers dedicated preparation in quantitative aptitude, reasoning, English, general awareness and examination strategy that enable students to prepare alongside their academic programmes. The programmes are relevant for graduates from diverse disciplines, subject to the respective examination eligibility criteria, helping them pursue career opportunities in government departments and the banking sector.


Equips Engineering Students for Higher Studies and PSU Careers through GATE
For engineering students aspiring to pursue advanced technical education or take up jobs in leading PSUs in the country, GATE is certainly the most important steppingstone that opens opportunities for M Tech, M. E. and direct Ph.D. programmes at premier institutes such as IITs, NITs and IIITs as well as PSU recruitment, subject to respective criteria. Organisations such as ONGC, NTPC, BHEL, DRDO and ISRO have offered GATE-linked opportunities for specific roles. It is through its dedicated GATE preparation programme, CU equips students to prepare alongside their degree, with specialised academic inputs and regular preparation. The programme is open to students from eligible disciplines, including B.E./B.Tech, B.Arch, B.Sc., BCA, B.Com and B.A., subject to prevailing GATE eligibility criteria.


Management: Opening Doors to IIMs, Premier B-Schools through CAT Preparation
Management education remains a major aspiration for graduates seeking careers in business, leadership and entrepreneurship domains with CAT serving as a key entrance examination for admission to the IIMs and other premier management institutions across the country. Success in this domain requires proficiency in quantitative ability, data interpretation, logical reasoning, verbal ability and reading comprehension.


Through expert-led CAT, GRE and GMAT seminars and dedicated CAT preparation, CU is helping its students understand examination patterns, preparation strategies, time management, resource selection and performance improvement, empowering them to approach management entrance examinations with greater clarity and confidence. The programme is aimed at eligible undergraduate and graduate students (BA, B.Com, BBA, BCA, B. Tech/BE, B.Sc.) aspiring to pursue MBA and postgraduate management programmes with admission eligibility subject to prevailing CAT and individual institute criteria.


Nurturing Future Armed Forces Leaders for the Nation
For students aspiring to serve in the armed forces, the Combined Defence Services (CDS) examination provides a platform towards officer-level opportunities which is subject to applicable eligibility and selection requirements. CU's CDS preparation programme extends its career-development initiatives to defence services, providing students with an opportunity to undergo a focused preparation for a career that demands academic competence, hard work, discipline and leadership.


Preparing Students for Global Academic Opportunities
The growing interest in postgraduate and doctoral education abroad has caught the fancy of many for decades now and it continues to do so even today which in turn has increased the relevance of GRE, GMAT and IELTS.


Through dedicated preparation and expert-led seminars, CU helps its students understand examination patterns, preparation strategies, resource selection and time management. CAT, GRE and GMAT seminars provide students with expert insights to strengthen their readiness for premier management institutions and higher academic opportunities overseas.


Nurturing Future Academics and Researchers
The career preparation at CU extends to teaching and research with UGC-NET serving as an important examination for making a career in the field of academics. Through UGC-NET Paper 1 preparation, CU-DCPD supports aspiring students to pursue careers in the domains of teaching and research.


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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