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    NICDC Advances Industrial Development in Bihar with Launch of Bihar Integrated Manufacturing City Gaya Limited.
    Shri Piyush Goyal Visits Port of Rotterdam, Highlighting Its Strategic Importance as a Gateway for Indian Goods to Europe - Shri Piyush Goyal Interact...
    Union Minister of Commerce and Industry Shri Piyush Goyal Holds Meetings with German Industry Leaders and Research Institutions in Berlin
    Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman chairs 30th Meeting of Financial Stability and Development Council (FSDC) in Ne...
    DRI busts another attempt to circumvent ban on Pakistani goods under ‘operation deep manifest’; seizes around 25,000 kg Pakistan-origin watermelon...
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    IICA signs MoU with Association of ARCs in India to strengthen industry linkages with its flagship programme
    CCI approves acquisition by Integrace Private Ltd of share capital of Universal Nutriscience and certain related transaction
    CCI approves acquisition of 100% equity share capital of Sahrudaya Health Care by Maybach Asia Holdings II Pte. Ltd
    Minutes of the Monetary Policy Committee Meeting, October 5 to 7, 2026 [Under Section 45ZL of the Reserve Bank of India Act, 1934]
    Union Minister of Commerce and Industry Shri Piyush Goyal to Visit Germany and the Netherlands to Strengthen Trade, Investment and Industrial Cooperat...
    DRI seizes more than 9 kg methamphetamine in intensified crackdown on synthetic drug trafficking in Bhopal; One held
    Growth with Responsibility: The Next Balance Sheet - Special Address by Shri Swaminathan J, Deputy Governor, Reserve Bank of India at the FE Modern BF...
    India–New Zealand FTA to Come into Force on 20th October 2026 on Vijay Dashmi, Opening New Opportunities for Indian Exporters
    DRI foils major ganja trafficking attempt; seizes 591 kg cannabis smuggled from Nepal
    DRI seizes more than 43 lakh foreign-origin smuggled cigarettes worth Rs. 8.64 crore in Mizoram; one arrested
    Saturation Campaign of Financial Inclusion (FI) Schemes to Run from 21st October 2026 to 31st December 2026
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October 26, 2026
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Special purpose vehicle governance advances coordinated infrastructure, land allotment, statutory clearances and investor facilitation for an integrated manufacturing cluster.
BIMCGL is the special purpose vehicle implementing the Integrated Manufacturing Cluster at Gaya through an equal-equity joint venture framework. Its functions include coordinated planning, infrastructure development, statutory clearances, utility connectivity, investor facilitation, and project monitoring. Implementation covers trunk infrastructure, integrated utilities, water-storage facilities, and an Integrated Land Allotment Portal designed to improve transparency and streamline industrial land allotment. The cluster is intended to support large manufacturers and MSMEs across diverse manufacturing sectors.
October 26, 2026
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India-EU Free Trade Agreement may expand Indian exporters' European market access through integrated maritime logistics and port connectivity.
The anticipated India-EU Free Trade Agreement is expected to create opportunities for Indian exporters, while the Port of Rotterdam's capacity, logistics infrastructure and European connectivity may facilitate greater India-Europe trade flows. Netherlands-based maritime logistics may support market access and closer economic integration between India and Europe. Sustained stakeholder engagement was linked to trade, investment and commercial cooperation.
October 24, 2026
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India-Germany economic cooperation advances through trade, investment, advanced manufacturing, research collaboration, and emerging technology partnerships.
India-Germany economic cooperation is being advanced through bilateral engagements addressing trade, investment, advanced manufacturing, research and emerging technologies. Economic and investment ties formed the subject of discussions between government representatives, while business and sectoral interactions explored expanded commercial partnerships, investment, industrial cooperation and bilateral business collaboration. Research and innovation cooperation also focuses on advanced industrial technologies and industry-academia partnerships.
October 24, 2026
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Financial stability safeguards require coordinated vigilance, cyber resilience, digital financial reforms, and faster return of unclaimed assets.
FSDC reviewed macro-financial stability and India's preparedness for related risks, emphasising heightened vigilance, proactive risk mitigation and safeguards for financial-system resilience. Regulatory modernisation measures considered include fintech innovation, tokenisation of financial assets, cyber resilience and implementation of the Financial Sector Cyber Security Strategy. Implementation priorities cover digital KYC, digital onboarding, digital public infrastructure, investment flows, reduced intermediation costs and rationalised credit guarantee schemes. Regulators and stakeholders were urged to expedite the return of unclaimed financial assets to rightful owners.
October 24, 2026
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Country-of-origin misdeclaration enabled attempted evasion of import prohibitions through third-country transshipment, prompting customs seizure and arrests.
Import-origin misdeclaration and third-country transshipment were alleged to have been used to evade the prohibition on direct or indirect imports of Pakistani-origin goods. A shipment declared as UAE-origin muskmelon seeds was found to contain watermelon seeds, with evidence of shipment from Pakistan through Dubai, container and vessel changes, and fabricated import documentation. Watermelon seeds were separately restricted for import. The goods were seized under the Customs Act, 1962, and two persons alleged to have handled overseas supply and Indian import formalities were arrested.
October 24, 2026
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Heroin trafficking enforcement addresses alleged public transport movement, with search, seizure, and arrests under narcotics law.
Intelligence-led narcotics enforcement by the Directorate of Revenue Intelligence in Phagwara involved interception of a public transport bus, recovery of 5.6 kg of heroin from a suspect's backpack, and arrest of four persons alleged to have transported and possessed the substance. A personal search under the Narcotic Drugs and Psychotropic Substances Act, 1985, revealed ten taped packets that field-tested positive for heroin; the contraband was seized under that Act.
October 24, 2026
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Narcotics smuggling enforcement uncovers hydroponic marijuana concealed in an import consignment, prompting seizure, arrest, and further investigation.
Narcotics-smuggling enforcement resulted in the seizure under the Narcotic Drugs and Psychotropic Substances Act, 1985, of 23.220 kg of hydroponic marijuana concealed in a Bangkok-origin import consignment declared as lamps. X-ray imaging and dismantling of a wooden pallet recovered 23 vacuum-sealed packets containing compressed green leafy substance. Intelligence from an earlier ganja seizure led to scrutiny of the consignment, a further arrest, and continuing investigation into a wider trafficking syndicate.
October 23, 2026
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Engineering export competitiveness requires resilient raw-material supply chains, effective free-trade pact use, and responses to quality and climate-linked barriers.
Engineering-export strategy development focuses on stronger use of free trade pacts, market access, competitive raw-material availability and resilient supply chains. Input-cost volatility, supply-chain disruptions, global overcapacity, trade-protective measures, sustainability-related requirements and climate-linked market-access conditions affect export competitiveness. Quality Control Orders require an evidence-based assessment of covered sectors and products, their rationale and industry impact, supported by a comprehensive white paper and panel-wide feedback for policy deliberation.
October 23, 2026
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Free trade agreement cooperation is being pursued to translate industrial collaboration into trade and investment opportunities.
Trade, investment and industrial cooperation are being pursued through ministerial consultations and business dialogue, with the prospective India-EU Free Trade Agreement identified as a framework for expanding bilateral trade and investment. Business-roundtable discussions focus on translating that prospective framework into concrete opportunities. International partnerships are associated with trust, complementary economic strengths and resilient supply chains, alongside efforts to deepen cooperation in trade, investment, technology and industry.
October 23, 2026
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Asset reconstruction company participation in insolvency resolution gains support through industry-linked professional education, research, and engagement.
The five-year collaboration strengthens the Post Graduate Insolvency Programme through industry-oriented teaching, faculty support, joint research, data sharing subject to legal and confidentiality requirements, and opportunities for internships, placements and industry engagement. Asset Reconstruction Companies may participate as resolution applicants under the Insolvency and Bankruptcy Code, subject to prescribed regulatory conditions, contributing expertise in asset valuation, debt restructuring and stressed-asset management to insolvency resolution.
October 23, 2026
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Competition approval governs Integrace's acquisition of Universal Nutriscience share capital and related transaction in healthcare and nutraceutical markets.
Competition Commission of India approval covers the proposed combination under which Integrace Private Limited will acquire share capital of Universal Nutriscience Private Limited from its existing shareholders, together with a related transaction. Integrace is a domestic formulations company focused on orthopaedics and gynaecology, while Universal Nutriscience operates in nutraceutical and lifestyle products and plans new products and novel drug-delivery systems.
October 23, 2026
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Full equity acquisition of a multi-specialty hospital network receives merger-control clearance through a private-equity-backed special-purpose vehicle.
The approved combination involves Maybach Asia Holdings II Pte. Ltd. acquiring 100% of the equity share capital of Sahrudaya Health Care Private Limited. The acquirer is a special purpose vehicle formed exclusively for the transaction and is indirectly owned by investment funds, vehicles and accounts managed through subsidiaries of KKR & Co. Inc. The target operates a multi-specialty hospital network across south and west India.
October 22, 2026
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Policy repo rate tightening addresses broadening inflation pressures while keeping future action dependent on growth and price data.
The Monetary Policy Committee unanimously increased the policy repo rate under the liquidity adjustment facility by 25 basis points to 5.50 per cent. The standing deposit facility rate was set at 5.25 per cent, and the marginal standing facility rate and Bank Rate at 5.75 per cent. The stance changed from neutral to calibrated tightening, indicating that rate cuts are not contemplated in the near term. Future policy action may involve a rate increase or pause depending on growth, inflation, underlying price pressures, second-round effects and demand impulses.
October 22, 2026
Show AI Summary
Trade and investment cooperation will be advanced through industrial, technology and green-transition dialogues, business roundtables and bilateral consultations.
India's economic engagement with Germany and the Netherlands is intended to expand bilateral trade, investment corridors, industrial and technological collaboration, and green-transition initiatives. Discussions cover market access, investment opportunities associated with free trade agreement negotiations, advanced engineering, clean technology, resilient supply chains, and logistics connectivity. Businesses and startups will participate in sectoral roundtables, investment interactions, and business-to-business networking across manufacturing, technology, agri-food, healthcare, renewable energy, logistics, textiles, and services.
October 22, 2026
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Synthetic drug trafficking enforcement led to methamphetamine seizure and arrest following intelligence-based interception at an inter-city bus terminal.
Intelligence-led enforcement against synthetic drug trafficking resulted in the seizure of 9.139 kg of crystalline methamphetamine and the arrest of a bus passenger following interception at an inter-city bus terminal. The substance was concealed in clothing packets within trolley bags, field-tested and seized under the Narcotic Drugs and Psychotropic Substances Act, 1985. Synthetic narcotics trafficking is identified as using inter-city transport networks, cross-border routes and coastal corridors.
October 21, 2026
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Growth with sound controls requires regulated institutions to retain accountability, protect trust, and respond rapidly to digital risks.
Financial-sector growth in an increasingly digital and interconnected system must be accompanied by a control environment commensurate with the pace and nature of growth. Digital onboarding, AI-led underwriting and autonomous workflows may lower costs, improve customer experience and widen access, but not every process friction is inefficiency. Technology cannot eliminate underlying risk. Before a manual check is automated or removed, institutions should identify the risk it controlled and determine where that control will reside. Process outsourcing through fintechs, external platforms or third-party models does not transfer responsibility associated with the regulated institution's licence.
October 21, 2026
Show AI Summary
Duty-free market access under the India-New Zealand Free Trade Agreement expands exports, services mobility, agricultural cooperation, and trade safeguards.
New Zealand eliminates customs duties on all tariff lines for Indian exports, providing 100% duty-free access for sectors including textiles, leather, engineering goods, automobiles, chemicals, pharmaceuticals, agricultural products and processed foods. Sensitive products, including dairy, sugar, edible oils and key agricultural commodities, remain excluded from concessions. Rules of origin, bilateral safeguard measures and anti-circumvention provisions are intended to ensure that preferential benefits reach genuine Indian exporters and to protect vulnerable agricultural and rural interests. Tariff Rate Quotas for apples, kiwifruit and Ma nuka honey are linked to delivery of Agricultural Productivity Partnership Action Plans.
October 21, 2026
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Cross-border cannabis trafficking enforcement targets truck-based concealment methods, with narcotics and transport vehicle seized under NDPS law.
Intelligence-led narcotics enforcement resulted in the seizure of 591.3 kg of ganja concealed in specially fabricated compartments of a truck suspected to have carried contraband from Nepal into Uttar Pradesh. Surveillance based on specific intelligence led to interception of the vehicle, from which 81 packets were recovered from cavities above the hood and behind the driver's seat. The ganja consignment and the transport vehicle were seized under the Narcotic Drugs and Psychotropic Substances Act, 1985.
October 21, 2026
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Cross-border cigarette smuggling triggers customs seizure where foreign-origin packs lack mandatory pictorial health warnings and are transported illicitly.
Cross-border cigarette smuggling was detected through intelligence-led surveillance on the Champhai-Aizawl Road in Mizoram. A truck was intercepted at Tuirial village, resulting in recovery of 432 cases containing 43,20,000 sticks of foreign-origin "Patron" cigarettes. The packets lacked mandatory pictorial and health warnings under the Cigarettes and Other Tobacco Products Act, 2003. The cigarettes and truck were seized under the Customs Act, 1962, and the driver was arrested.
October 21, 2026
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Financial inclusion saturation campaign organises bank camps for insurance, pension, account access, KYC, fraud awareness, and agricultural credit enrolment.
The financial inclusion saturation campaign will operate through bank camps providing enrolment in insurance and pension schemes, opening of basic bank accounts, Aadhaar seeding, re-KYC, central KYC identifier generation, and nomination updates. Camps will also conduct awareness sessions on financial-inclusion schemes, digital fraud and unclaimed financial assets, source agricultural credit applications for eligible farmer-beneficiaries, and facilitate crop-insurance enrolment for the upcoming Rabi season.

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Iran supreme leader criticises proposed nuclear talks with US, upending push to negotiation

February 7, 2025

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Dubai, Feb 7 (AP) Iran's supreme leader said Friday that negotiations with America “are not intelligent, wise or honourable” after President Donald Trump floated nuclear talks with Tehran.

Ayatollah Ali Khamenei also suggested that “there should be no negotiations with such a government,” but stopped short of issuing a direct order not to engage with Washington.

Khamenei's remarks upend months of signals from Tehran to the United States that it wanted to negotiate over its rapidly advancing nuclear programme in exchange for the lifting of crushing economic sanctions worth billions of dollars. Following Khamenei's comments, the Iranian rial sunk to a record low of 8,72,000 rials to USD 1 in aftermarket trading.

What happens next remains unclear, particularly as reformist President Masoud Pezeshkian promised as recently as Thursday to enter into a dialogue with the West.

Khamenei's remarks to air force officers in Tehran appeared to contradict his own earlier remarks in August that opened the door to talks. However, the 85-year-old Khamenei has always been careful with remarks about negotiating with the West. That includes balancing the demands of reformists within the country who want the talks against hard-line elements within Iran's theocracy, including the paramilitary Revolutionary Guard.

Khamenei noted that Trump unilaterally withdrew from the earlier nuclear deal under which Iran drastically limited its enrichment of uranium and overall stockpile of the material, in exchange for crushing sanctions being removed.

“The Americans did not uphold their end of the deal,” Khamenei said. “The very person who is in office today tore up the agreement. He said he would, and he did.” He added: "This is an experience we must learn from. We negotiated, we gave concessions, we compromised— but we did not achieve the results we aimed for. And despite all its flaws, the other side ultimately violated and destroyed the agreement.” Mixed messages from both Iran and Trump It's not clear what sparked Khamenei's remarks. However, they come after Trump suggested he wanted to deal with Tehran, even while signing an executive order to reimpose his “maximum pressure" approach to Iran on Tuesday.

“I'm going to sign it, but hopefully we're not going to have to use it very much,” he said from the Oval Office. “We will see whether or not we can arrange or work out a deal with Iran.” “We don't want to be tough on Iran. We don't want to be tough on anybody,” Trump added. “But they just can't have a nuclear bomb.” Trump followed with another online message on Wednesday, saying: “Reports that the United States, working in conjunction with Israel, is going to blow Iran into smithereens, ARE GREATLY EXAGGERATED.” “I would much prefer a Verified Nuclear Peace Agreement, which will let Iran peacefully grow and prosper,” he wrote on Truth Social. “We should start working on it immediately, and have a big Middle East Celebration when it is signed and completed.” He did not elaborate.

Nuclear enrichment sparks concerns Khamenei, like other Iranian leaders, uses elliptical comments to indirectly govern policy while not boxing himself into any one decision. As supreme leader, he's also created a vast bureaucracy that competes with itself for influence, including with its civilian leadership under Pezeshkian.

As recently as Thursday, Pezeshkian suggested Iran could open itself up to even more inspections from the United Nations' nuclear watchdog, the International Atomic Energy Agency.

“They (can) come and inspect one hundred times more since we are not supposed to go after” a nuclear weapon, Pezeshkian told foreign diplomats.

Iranian diplomats have long pointed to Khamenei's preachings as a binding fatwa, or religious edict, that Iran won't build an atomic bomb.

Iran has long insisted its nuclear programme is for peaceful purposes. However, it now enriches uranium to 60 per cent purity — a short, technical step from weapons-grade levels of 90 per cent. Iranian officials increasingly suggest Tehran could pursue an atomic bomb.

US intelligence agencies assess that Iran has yet to begin a weapons programme, but has “undertaken activities that better position it to produce a nuclear device, if it chooses to do so.” Iran calls US sanctions on oil trading firms unjustified' Earlier in the week, Trump also said that displaced Palestinians in Gaza could be permanently resettled outside the war-torn territory and proposed the US take “ownership” in redeveloping the area into “the Riviera of the Middle East.” Khamenei appeared to reference Trump's Gaza proposal in his remarks.

“The Americans sit, redrawing the map of the world — but only on paper, as it has no basis in reality," Khamenei said. “They make statements about us, express opinions and issue threats. If they threaten us, we will threaten them in return. If they act on their threats, we will act on ours. If they violate the security of our nation, we will, without a doubt, respond in kind.” Meanwhile, Iran's Foreign Ministry separately criticized the US Treasury's move to levy sanctions Thursday against firms trading sanctioned Iranian crude oil to China. The Treasury described the firms as forming an “international network for facilitating the shipment of millions of barrels of Iranian crude oil worth hundreds of millions of dollars.” Iran's Foreign Ministry spokesman Esmail Baghaei called the Treasury's decision “completely unjustified and contrary to international rules and regulations.” (AP) NPK NPK

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