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    DRI busts illegal drug manufacturing facility in Jewar, UP; 30 kg drugs seized and two persons arrested
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    August 14, 2026
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    Clandestine psychotropic drug manufacturing faces enforcement targeting precursor chemicals, concealed laboratories, illicit production networks and trafficking operations.
    Enforcement action against clandestine manufacture of psychotropic substances led to the detection of a residential drug-production facility. Searches recovered amphetamine and intermediary forms, precursor chemicals, reagents, raw materials, and manufacturing equipment. Field testing indicated the presence of amphetamine, a psychotropic substance regulated under the Narcotic Drugs and Psychotropic Substances Act, 1985. The recovered apparatus and materials indicated illicit manufacture, while preliminary investigation pointed to short-term, intermittently operated facilities intended to conceal production activities.
    August 13, 2026
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    International banking unit expands cross-border financing, trade finance and foreign-currency service access through GIFT City operations.
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    August 13, 2026
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    Last-mile credit access is prioritised through timely lending, wider beneficiary coverage, digital support and stronger fraud vigilance.
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    Merchandise trade growth saw rising exports to major markets alongside increased imports and continuing United States trade-pact negotiations.
    India's merchandise trade data records increased July exports to the United States and China, alongside growth in imports from both markets. Exports to Singapore, the United Arab Emirates, the Netherlands, Germany, South Africa, Tanzania, Australia, Malaysia, Sri Lanka, Italy and Vietnam showed positive growth, while July exports declined for the United Kingdom, Bangladesh, Saudi Arabia and Nepal. Imports also increased from Russia, Korea, Singapore, Germany, Oman, Malaysia, Taiwan and Brazil. India and the United States are negotiating a trade pact amid an additional United States tariff on India.
    August 13, 2026
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    GST transport documentation enforcement addresses freight movement of metals without valid e-way bills and invoices under applicable rules.
    GST enforcement action led to the seizure of copper and aluminium ingots transported by freight train without valid e-way bills and invoices. The metals were found in three train wagons during inspection of parcel cargo. Further proceedings are to be undertaken under applicable GST rules concerning movement of goods without prescribed transport documentation.
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    August 13, 2026
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    Bribery allegations in GST enforcement prompted arrest after alleged payment demand to avoid a tax-liability notice.
    Bribery allegations involving GST enforcement led to the arrest of a CGST Superintendent after a complaint alleged that payment was demanded from a private company to avoid issuance of a tax-liability demand notice and to close the matter. A trap operation resulted in the public servant being apprehended while allegedly accepting part of the demanded bribe, and the amount accepted was recovered. Searches were undertaken, and investigation remained ongoing.
    August 13, 2026
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    Trade performance shows rising merchandise and services exports, but faster import growth expands the overall trade deficit.
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    Referral arrangements connect mobile connectivity benefits with the Student Guaranteed Investment Certificate application journey. Applicants may access an online portal through a referral link, submit documents, complete know-your-customer verification, and fund the GIC from permitted Indian bank accounts in no more than two transactions. After arrival, students may activate the GIC account and open a linked bank account for receipt of GIC transfers. Eligible verified applicants receive non-cash mobile credits usable only against mobile bills, subject to a cap on the bill portion payable through credits.
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    Global Capability Centre banking support connects offshore and onshore operations to simplify financial management and enable cross-border expansion.
    Global Capability Centre banking support is positioned around connected offshore and onshore banking, international network access, digital banking platforms, and expertise in treasury centres, cross-border corporates, and evolving GCC operating models. The approach seeks to simplify financial operations and support GCC expansion across global markets. India's GCC ecosystem is characterised as a leading global capability hub, with capability centres evolving into strategic enterprise hubs requiring support for operational and financial complexities across markets.
    August 13, 2026
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    Investment banking registration enables regulated cross-border offerings, listings, debt transactions and capital-market advisory through GIFT City.
    IFSCA registration under the IFSCA (Capital Market Intermediaries) Regulations, 2025 authorises Nexent Capital IFSC Private Limited to operate as an investment banker from GIFT City. Permitted activities include management of initial and follow-on public offerings, SPAC and secondary listings, depository receipt issuances, debt capital-market transactions, and other capital-market advisory mandates. The firm proposes to provide transaction structuring, listing-readiness, execution and post-listing capital-markets support for companies seeking capital raising and listing opportunities through GIFT City's exchanges.
    August 13, 2026
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    Merchandise export growth was driven by petroleum, electronics, engineering and marine goods, while rising imports widened the trade deficit.
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    Accredited Investor certification facilitates eligible investors' access to alternative investment products, lower thresholds and applicable regulatory flexibilities.
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    Electronic inspection and certified copies expand digital access to judicial records while supporting efficient case management and reduced delays.
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    CBDC-based food subsidy transfers enable eligible beneficiaries to use Digital Rupee wallet credits for traceable foodgrain purchases.
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    Preferential trade agreement negotiations begin under agreed terms covering market access, origin rules, trade remedies and dispute settlement.
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      US defence chief Hegseth calls NATO membership for Ukraine unrealistic

      February 12, 2025

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      Brussels, Feb 12 (AP) US Defence Secretary Pete Hegseth said Wednesday that NATO membership for Ukraine was unrealistic and in sweeping remarks suggested Kyiv should abandon hopes of winning all its territory back from Russia and instead prepare for a negotiated peace settlement to be backed up by international troops.

      Hegseth's strident comments came during the first trip to NATO by a member of the new Trump administration. Allies have been waiting to hear how much continued military and financial support Washington intends to provide to the Ukrainian government.

      What they heard was that President Donald Trump is intent on getting Europe to assume most of the financial and military responsibilities for the defence of Ukraine, including a possible peacekeeping force that would not include US troops.

      Hegseth said the force should not have Article Five protections, which could require the US or the 31 other nations of the NATO alliance to come to the aid of those forces if they end up in contact with Russian forces.

      Hegseth's stark message, and his insistence that Russia should keep some territory that Ukraine wants back, is likely to complicate talks later this week between Ukrainian President Volodymyr Zelenskyy and US Vice President JD Vance and other senior American officials at a major security security conference in Munich.

      “The United States does not believe that NATO membership for Ukraine is a realistic outcome of a negotiated settlement,” Hegseth said, as Kyiv's backers gathered at NATO headquarters for a meeting to drum up more arms and ammunition for the war, which will soon enter its fourth year.

      All 32 allies must agree for a country to join NATO, meaning that every member has a veto.

      “Instead, any security guarantee must be backed by capable European and non-European troops,” Hegseth said. “To be clear, as part of any security guarantee, there will not be US troops deployed to Ukraine.” Hegseth insisted that NATO should play no role in any future military mission to police the peace in Ukraine and that any peacekeeping troops should not be covered by the part of NATO's founding treaty that obliges all allies to come to the aid of any member under attack.

      Article Five has been activated only once, when European allies and Canada used the collective security guarantee to help the United States in the wake of the September 11, 2001, al-Qaida attacks on New York and Washington.

      Hegseth also said Europe "must provide the overwhelming share of future lethal and nonlethal aid to Ukraine.” Ukraine currently relies equally on Europe and the US for about 30 per cent each of its defence needs. The rest is produced by Ukraine itself.

      Addressing the allies of Ukraine known as the Ukraine Defence Contact Group, he also insisted that Ukraine's Western backers must abandon the “illusionary goal” of returning the country to its pre-2014 borders, before Russia annexed the Crimean Peninsula and seized parts of eastern Ukraine.

      “Members of this contact group must meet the moment,” Hegseth said to the approximately 50 member countries that have provided support to Ukraine since Russia's full-scale invasion in 2022.

      “We hear you,” UK Defence Secretary John Healey said in response to Hegseth's opening remarks. Both Hegseth and Healey spoke in front of journalists at the top of a closed-door session in Brussels to discuss future aid to Ukraine.

      Over nearly three years, those 50 countries have collectively provided Ukraine with more than USD 126 billion in weapons and military assistance, including more than USD 66.5 billion from the US, which has served as the chair of the group since its creation.

      But the meeting this week was convened by the United Kingdom, and no decision has been made on who might chair the next meeting, if one is called.

      Hegseth wasn't expected to make any announcement on new weapons for Ukraine.

      His trip comes less than two weeks before the third anniversary of Russia's invasion on February 24, 2022. Most US allies fear that Russian President Vladimir Putin won't stop at Ukraine's borders if he wins, and that Europe's biggest land war in decades poses an existential threat to their security.

      Trump has promised to end the war quickly. He's complained that it's costing American taxpayers too much money and suggested that Ukraine should pay for US support with access to its rare earth minerals, energy and other resources.

      Hegseth in his remarks said that NATO member nations also need to significantly increase defence spending to 5 per cent of their budgets — a high mark that the US does not presently meet either.

      “The United States will no longer tolerate an imbalanced relationship which encourages dependence. Rather, our relationship will prioritise empowering Europe to own responsibility for its own security," Hegseth said.

      European allies have hiked their military budgets since Putin ordered his troops into Ukraine, and 23 of them are estimated to have reached or exceeded last year's target of spending 2 per cent of gross domestic product, but a third still fall short.

      Some US allies worry that a hasty deal might be clinched on terms that aren't favourable to Ukraine.

      Before Hegseth spoke, NATO Secretary General Mark Rutte told The Associated Press that Putin will only negotiate a peace deal with Ukraine if its backers continue to provide enough weapons and ammunition.

      “We have to make sure that he has no other option, and that means to force him to the table,” Rutte said. “He needs to understand that we will not give up on Ukraine. We have to make sure that we have maximum economic impact on Russia.” Hegseth's remarks come a day after American history teacher Marc Fogel returned safely to the US after three years in a Russian prison. The White House suggested that his release could help to advance negotiations on ending the war.

      Trump said another American, someone “very special,” would be released Wednesday, though he declined to name the person or say from what country. The president did not say what the United States exchanged for Fogel's release. (AP) GSP

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