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    DRI busts pan-India gold smuggling network and seizes around 6.6 kg of foreign-origin gold worth more than Rs. 10 crore; 11, including a mastermind, a...
    CBN conducts anti-drug awareness programme for students under Mission Yuva Raksha for Nasha Mukt Bharat in Jaora, Madhya Pradesh
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September 28, 2026
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Courier-based gold smuggling enforcement targets concealed distribution through paper entities and foreign-origin gold consignments nationwide.
Coordinated customs enforcement targeted an organised gold-smuggling network that used courier consignments to distribute foreign-origin gold after cross-border entry. The operation led to seizure of 6.61 kg of gold bars under the Customs Act, 1962, and arrests of eleven associated persons. The network allegedly split gold into small consignments and used paper entities or persons without legitimate gold transactions to conceal distribution through courier channels.
September 28, 2026
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Anti-drug awareness and cultivator outreach combine prevention, direct grievance redressal, and safeguards against illicit narcotics diversion.
Jan Sunwayi programmes provide direct, prompt and accessible grievance redressal for opium cultivators, including name corrections, Namantaran, and eligibility connected with the upcoming Settlement Operation. Cultivators are advised to avoid middlemen or intermediaries and seek clarification or assistance directly. These measures complement anti-drug awareness and preventive outreach aimed at preventing illegal trafficking, diversion and abuse of narcotic drugs and psychotropic substances.
September 28, 2026
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NDPS enforcement targets concealed poppy straw, opium and cannabis trafficking through seizures, arrests, and continuing supply-chain investigation.
Narcotics enforcement operations in Rajasthan led to seizures of poppy straw, opium, hydroponic cannabis, cash, vehicles and a loaded country-made pistol, with four arrests. Poppy straw was recovered from vehicles and premises, including a truck where it was concealed beneath cement bags. Opium and cash were recovered from residential premises, while hydroponic cannabis concealed in an international parcel was recovered at the Foreign Post Office, Jaipur. The seized articles were taken under relevant provisions of the Narcotic Drugs and Psychotropic Substances Act, 1985, and supply-chain investigation continues.
September 28, 2026
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Free trade agreement market access is positioned to expand export opportunities and international investment for local entrepreneurs.
Free Trade Agreement-led market access is positioned to expand international opportunities for entrepreneurs in Uttar Pradesh by supporting exports, investment inflows and access to overseas markets. International trade engagement is supported through direct business access to global markets, buyer-seller meetings and promotion of the State's products, cuisines and services. Export expansion, international investment, tourism and global recognition of State brands form the stated next phase of economic development, supported by coordination between governments and trade and industrial stakeholders.
September 28, 2026
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Multilateral infrastructure cooperation guides annual development bank participation and bilateral engagement on sustainable investment and economic connectivity.
The official visit includes participation, as India's Governor, in the Annual Meeting of the Board of Governors of the Asian Infrastructure Investment Bank, alongside bilateral meetings and engagement with governmental leadership, business leaders and investors. The AIIB focuses on sustainable infrastructure and productive-sector investment in Asia to promote sustainable economic development, wealth creation and infrastructure connectivity.
September 25, 2026
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Reciprocal trade agreement negotiations face tariff and subsidy pressures as both governments pursue lower bilateral trade barriers.
India-US bilateral trade negotiations seek completion of the first-phase Bilateral Trade Agreement through a reciprocal trade arrangement lowering trade barriers and tariffs. Further negotiations are required because of changed US tariff conditions, forced-labour tariffs on Indian goods, a possible investigation into excess industrial capacity and subsidies, and sanctions legislation relating to Russia. Ministerial and bilateral engagements will review progress on the proposed reciprocal arrangement.
September 25, 2026
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Banking strike contingency measures direct customers toward advance transactions and digital channels as branch operations may be disrupted.
Banking-service continuity measures anticipate possible disruption from a three-day employee strike. Customers are advised to complete essential transactions in advance and use ATMs/ADWMs, mobile and internet banking, UPI, business correspondent points and other digital channels. Branch and office operations at participating institutions may be affected, while essential services are to be maintained where possible. Union demands include a five-day banking week, pension improvements and transition options from the National Pension System to the old pension scheme.
September 25, 2026
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Government borrowing calendar: Reduced dated-securities borrowing will use weekly auctions, green bonds, switches and buyback operations.
Second-half dated-security borrowing will be completed through weekly auctions across maturities ranging from 3 years to 50 years, including Sovereign Green Bonds. Switching and buyback operations will continue to smooth the redemption profile, while a greenshoe option may permit retention of additional subscriptions. Treasury Bill borrowing will proceed through 91-day, 182-day and 364-day instruments. Auctions will offer non-competitive bidding for specified retail investors, and flexibility is retained to modify issuance terms or introduce non-standard maturity instruments, floating-rate bonds and inflation-indexed bonds.
September 25, 2026
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Interest-free working capital assistance for FCV tobacco growers supports liquidity, institutional loan repayment, crop inputs, and reduced private borrowing.
A one-time, interest-free working-capital loan of Rs. 50,000 per barn is approved for FCV tobacco growers in Andhra Pradesh under the Interest-Free Working Capital Assistance Scheme. Covering about 44,000 growers, the assistance is proposed to be delivered through direct benefit transfer. It is intended to provide liquidity for household requirements, institutional loan repayment and crop inputs, while reducing dependence on private borrowing.
September 25, 2026
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Government securities auction calendar establishes retail bidding access, flexible issuance terms, greenshoe subscriptions, and periodic debt switch operations.
Each auction carries a non-competitive bidding facility, under which five per cent of the notified amount is reserved for specified retail investors. The Government may modify indicated amounts, issuance periods and maturities, and may issue instruments with non-standard maturities, floating-rate bonds or inflation-indexed bonds, having regard to governmental requirements, market conditions and other relevant factors. It may retain additional subscriptions through a greenshoe option and conduct switch or buyback auctions of dated securities.
September 25, 2026
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Market borrowing plan sets dated securities auctions, Treasury Bill issuance, redemption management, and temporary cash-flow support.
Government market borrowing for the second half of FY 2026-27 is to be raised through weekly auctions of dated securities, including Sovereign Green Bonds, across maturities from 3 to 50 years. Debt-management measures include switching and buyback operations to smooth the redemption profile and a greenshoe option for additional subscriptions. Treasury Bills are to be issued through weekly auctions in 91-day, 182-day and 364-day maturities. The Ways and Means Advances limit is fixed to address temporary mismatches in government accounts.
September 25, 2026
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GI-tagged agricultural exports expand farmer access to international markets through FPO-led value chains and higher price realisation.
APEDA facilitated the export of a one-metric-tonne consignment of GI-tagged Gulbarga Tur Dal from Karnataka to the Maldives through an FPO-led brand. Gulbarga Tur Dal has held GI registration since 2019. The export-linked channel provides farmers a realisation of Rs.82 per kg compared with a prevailing market price of Rs.60 per kg, while supporting closer integration of FPOs and farmers into export-oriented supply chains.
September 25, 2026
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Trader welfare policy discussions covered GST reform, digital commerce, finance access, export promotion, and coordinated institutional support.
Deliberations covered GST rationalisation, refund delays, audit duration, amnesty schemes, input tax credit anomalies and pending appeals, alongside proposed inclusion of traders in MSME facilitation committees, a centralised loan portal with a 30-day timeline, CIBIL score reforms and grievance helplines. Trader welfare measures considered timely contractor payments, safeguards against technical penalties, loan-repayment flexibility during lean periods and stronger Centre-State coordination.
September 25, 2026
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Gold smuggling through powdered gold concealed in food products led to seizure and arrests under customs law.
Intelligence-led interception and baggage examination identified foreign-origin gold converted into fine powder and mixed with packaged food products of similar colour, texture and consistency. Segregation and assaying yielded 9.40 kg foreign-origin gold, which was seized under the Customs Act, 1962. Questioning linked the passengers to the same organised gold-smuggling syndicate, and they were arrested under that Act.
September 25, 2026
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Customs seizure of suspected smuggled areca nuts and restricted poppy seeds followed intelligence-led cross-border enforcement operations.
Intelligence-led customs enforcement in Mizoram and Assam resulted in seizure, under the Customs Act, 1962, of suspected foreign-origin areca nuts and poppy seeds believed on preliminary inquiry to have been smuggled from Myanmar. Searches of locked, unattended godowns near the Indo-Myanmar border recovered the commodities, while interception of two trucks carrying poppy seeds without valid import documents led to seizure of the consignments and vehicles. Four persons connected with transportation of the poppy seeds were arrested.
September 25, 2026
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Industrial control system cybersecurity certification validates system-level protection across wind farm controls, networks, and lifecycle security services.
IEC 62443-3-3 Security Level 2 certification applies to a wind farm control system covering SCADA, PPC, PLC and industrial network devices. It assesses system-level security requirements, including the interaction of components, networks and security mechanisms within an overall industrial control environment. The cybersecurity framework also spans secure development, certified core control components, system-level protection, and security integration and maintenance services across the lifecycle of wind energy technologies.
September 25, 2026
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Foreign exchange reserve composition reflects a weekly decline driven by foreign currency assets despite a modest gold increase.
India's foreign exchange reserves declined by USD 14.881 billion to USD 765.901 billion for the week ended 18 September 2026. The contraction was principally driven by a reduction in foreign currency assets, which also reflect valuation effects from movements in non-US reserve currencies. Gold reserves increased, while Special Drawing Rights decreased and the reserve position with the International Monetary Fund remained reported separately.
September 25, 2026
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Five-day banking proposal remains under consideration amid strike plans and measures for uninterrupted banking and advance disbursements.
Five-day banking remains under governmental consideration, with no Finance Ministry commitment to implementation. Unions linked the proposal to the 12th Bipartite Settlement/9th Joint Note, which contemplated extended Monday-to-Friday working hours. Family pension revision and a pension option for resignees were identified as addressed, while withdrawal of the Performance Linked Incentive scheme remains in abeyance. Public sector banks were instructed to remain open on the preceding Sunday, and central government salaries, wages and pensions were directed to be disbursed in advance.
September 25, 2026
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Alternative fuel transition promotes ethanol, electric and hydrogen mobility to reduce imports, pollution, and strengthen farm income.
Alternative-fuel and public-transport measures seek to reduce dependence on imported petroleum, curb air pollution, and support farmer income and employment. Ethanol is positioned as a farm-income source through increased demand and returns for maize growers, alongside electricity, hydrogen and waste-derived CNG. Development and introduction of flex-fuel vehicles, using engines capable of operating on ethanol, electric tractors, hydrogen-powered vehicles and hydrogen buses form part of a cleaner-mobility strategy.
September 25, 2026
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Foreign-exchange market intervention expectations supported rupee appreciation amid improved risk sentiment, while importer demand and crude prices constrained gains.
Foreign-exchange market conditions supported a 19-paise appreciation of the rupee to 95.80 against the US dollar, aided by improved global risk sentiment and expectations of Reserve Bank intervention. Dollar demand from importers, high crude prices and US dollar strength constrained gains. Lower crude prices and dollar weakness could support the rupee, while geopolitical escalation may create pressure. Market participants expected intervention if the currency weakened toward 96.

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Bajaj Allianz General Insurance Announces the Global Insurance Excellence Awards (GIEA) with Asia Insurance Review as their Award Partner

February 19, 2025

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Pune (Maharashtra) [India], February 19: Bajaj Allianz General Insurance, one of the leading private general insurers of India, is thrilled to announce the Global Insurance Excellence Awards (GIEA), which aims to celebrate and honour the outstanding contributions of general insurance and health insurance advisors across Asia, the Middle East, and North Africa. Asia Insurance Review (AIR), a trusted name in the industry, has been chosen to oversee and administer the prestigious Awards for 2025, adding further credibility and international expertise to the event.

The event, hosted by Bajaj Allianz General Insurance, will honour exceptional advisors from the insurance industry in India and internationally across eleven distinct award categories. The awards will be evaluated by an august panel of international insurance industry experts, namely: • Mr Ronak Shah, President, General Insurance Association of Singapore • Ms Anusha Thavarajah, Regional CEO Asia Pacific, Allianz Asia Pacific • Mr Alaa Al-Zoheiry, Chairman, Insurance Federation of Egypt • Mr Antony Lee Fook Weng, Deputy Chairman, General Insurance Association of Malaysia • Mr Mo'men Mukhtar, President, Federation of Afro-Asian Insurers & Reinsurers (FAIR) • Mr Chandana Aluthgama, Group CEO, Sri Lanka Insurance Corporation • Mr R Balasundaram, Secretary General, Insurance Brokers Association of India The winners will be announced later in the year and celebrated at a grand awards ceremony in India.

Recognising Excellence in Insurance Advisory The GIEA Awards 2025 will recognise insurance advisors' exceptional dedication, passion, and hard work—the true backbone of the industry. For the GIEA awards, advisors from the general and health insurance sectors are invited to nominate themselves across various award categories, showcasing their achievements and inspiring others. These awards aim to celebrate the noble vocation of insurance, which plays a pivotal role in society by standing with citizens during their most challenging times. The GIEA Awards testify to the transformative impact of insurance advisors, who truly make a difference when it matters most.

To nominate yourself or an advisor you know for the GIEA Awards 2025, fill out the nomination form online, which is available on the website https://www.asiainsurancereview.com/giea2025/. The nomination period opens on 19th February 2025 and closes on 20th March 2025. Advisors can file nominations across multiple categories per the published eligibility criteria.

Below are the Award Categories: 1. Best Health Insurance Adviser in Asia and MENA (including India) 2. Best Motor Insurance Adviser in Asia and MENA (including India) 3. Best Property Insurance Adviser in Asia and MENA (including India) 4. Best Multiline Insurance Adviser in India 5. Best Multiline Insurance Adviser Asia and MENA (including India) 6. Best Point-of-Sale Agent in India 7. Best Woman Insurance Adviser in Asia and MENA (including India) 8. Best Rookie Insurance Agent in Asia and MENA (including India) 9. Best Retail Broker in India 10. Best Customer Service Award in Asia and MENA (including India) 11. Lifetime Achievement Award in Asia and MENA (including India) Commenting on the launch of the GIEA Award for 2025, Mr. Tapan Singhel, MD & CEO, Bajaj Allianz General Insurance, said, "Insurance advisors are the unsung heroes of the industry, standing by their customers in their direst hours of need, offering guidance, compassion, and unwavering support. Their contributions often go unnoticed, yet they are the backbone of the insurance sector, and it’s time to celebrate their incredible efforts. With the Global Insurance Excellence Awards (GIEA), we aim to raise the benchmark for recognising excellence by expanding our reach and impact on an international scale. We are delighted to partner with Asia Insurance Review as the Awards Partner for this edition, wherein they will bring in their credibility and expertise to the initiative. Their global expertise and reputation bring unmatched credibility to the GIEA Awards. Together, we look forward to honouring the exceptional contributions of advisors globally. This initiative reflects our unwavering commitment to fostering excellence, innovation, and leadership in the general insurance industry." Speaking on the announcement, Asia Insurance Review CEO, Sheela Suppiah said, "The GIEA Awards 2025 will recognise the most deserving agents and advisers in the general insurance industry across India and beyond in a celebration of the hard work that they do as the front line of the sector. Without their tenacity and grit, the general insurance sector would not be seeing the growth and expansion that makes it such a vibrant and dynamic place to work. In these awards, we will see a wider geographic coverage – including agents and advisers outside of India for the first time. Asia Insurance Review is thrilled to be part of this dynamic development and thank Bajaj Allianz for engaging us in this impressive endeavour.” The Global Insurance Excellence Awards (GIEA) is an industry-first platform to engage, motivate, and celebrate advisors from across the general and health insurance sectors. GIEA seeks to inspire innovation and excellence across the insurance landscape.

Nominate yourself or an advisor for the GIEA Awards 2025 at: https://www.asiainsurancereview.com/giea2025/ About Bajaj Allianz General Insurance Bajaj Allianz General Insurance stands as India's premier private general insurance company. It is a collaborative effort between Bajaj Finserv Limited, India's most diversified non-bank financial institution, and Allianz SE, the world's leading insurer and largest asset manager. Bajaj Allianz General Insurance provides a wide range of general insurance products, including motor insurance, home insurance, and health insurance, along with distinctive insurance offerings like coverage for pet insurance, weddings, events, cybersecurity, and the film industry. The company commenced its operations in 2001 and has consistently expanded its reach to be in close proximity to its customers. Presently, it maintains a presence in nearly 1,500 towns and cities across India. Notably, Bajaj Allianz General Insurance holds the issuer rating of [ICRA]AAA from ICRA Limited, signifying the highest level of assurance regarding the punctual fulfilment of financial commitments.

About Asia Insurance Review Asia Insurance Review (AIR) was launched in January 1991 to meet the information needs of insurance practitioners in Asia in particular and the rest of the world in general. It quickly became the premier and comprehensive professional regional insurance magazine, read by all the key decision-makers and readers in the insurance industry in Asia. AIR remains the voice of the insurance industry of Asia over many years where change is the very essence of the game in town. It is more than a magazine and remains a strategic partner of the insurance industry even today as the world gets more Asia-centric.

AIR remains the trusted source of reliable up-to-date news and developments in the market with its high-quality editorial content. AIR is the official media partner of the following events: • Asean Insurance Congress • Asia Actuarial Conference (AAC); • East Asian Insurance Congress (EAIC); • Global Insurance Forum (GIF); • Singapore International Reinsurance Conference (SIRC); and • Pacific Insurance Conference (PIC).

AIR is also the Permanent Observer of the Asean Insurance Council, the Secretariat for the Reinsurance Brokers’ Association of Singapore, as well as the Risk and Insurance Management Association of Singapore. AIR launched the Asia Insurance Industry Awards to recognise and salute excellence in the insurance industry since 1997. They also launched the Australia and New Zealand Insurance Industry Awards in 2004 and The Trusted Life Agents Awards. These are our conscious attempts to promote the industry's move towards higher standards and greater professionalism.

AIR grows from strength to strength and looks forward to serving the market moving forward.

(Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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