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    Bengaluru customs arrest passengers for smuggling ganja, gold at airport
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September 21, 2026
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Airport smuggling enforcement targets concealed ganja and gold, leading to passenger interceptions and arrests under customs law.
Customs enforcement at Bengaluru airport involved interception and arrest of passengers allegedly attempting to smuggle hydroponic ganja and gold by concealing the goods in cabin baggage, other baggage, undergarments, or on the body. Cases involved arrivals from Vietnam, Bangkok, Kuala Lumpur, and Abu Dhabi. The Abu Dhabi gold-ornament case involved an arrest under the Customs Act.
September 21, 2026
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Rules of origin prevent third-country transshipment from receiving preferential tariffs under bilateral trade arrangements between partner economies.
India-New Zealand free trade preferences apply only to goods satisfying Rules of Origin. Third-country goods routed through New Zealand cannot receive preferential Indian tariff treatment, as bilateral cumulation is confined to originating materials and goods of India and New Zealand. Sensitive sectors receive no duty concessions, while a bilateral safeguard mechanism addresses sudden import surges after duty elimination or reduction. Temporary Employment Entry, student mobility commitments, post-study work opportunities, and exemption from directly funded social-security contributions for temporary Indian residents form part of the services framework.
September 21, 2026
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Banking service continuity is prioritised through dialogue as employee welfare measures and wage negotiations address outstanding demands.
Banking-sector industrial relations are addressed through an appeal to bank employees to avoid strike action and pursue outstanding demands through dialogue, in order to keep banking services uninterrupted. Most union concerns are considered substantially addressed, while a remaining demand continues to be examined. The demand for withdrawal of the Performance Linked Incentive scheme had been addressed by placing that scheme in abeyance following detailed discussions. Employee welfare measures, wage revisions, and negotiations for the forthcoming Bipartite Settlement are intended to support workforce welfare and banking-sector efficiency.
September 21, 2026
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Money-laundering investigation addresses alleged use of a middleman to demand, receive, move and conceal corruption proceeds.
Money-laundering proceedings were initiated from corruption FIRs alleging that a middleman was used to demand and receive illegal gratification. Investigation concerns the alleged facilitation of receipt and movement of funds, supported by searches yielding cash seizure and freezing of financial accounts. Financial records and digital devices allegedly indicated unexplained deposits, investments, transactions involving the officer, and possible involvement of other public servants. The inquiry is tracing alleged proceeds of crime and the role of associated persons and entities.
September 21, 2026
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FCNR(B) foreign-currency deposits use a swap facility to mobilise non-resident funds without direct rupee exchange-rate risk.
RBI's special USD-INR foreign-exchange swap facility mobilised foreign-currency inflows through FCNR(B) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings. The FCNR(B) deposit window closed on 31 August 2026 after its mobilisation objective was achieved, while the facility remained available for the other two channels until 31 December 2026. FCNR(B) collections were revised upward to approximately USD 133 billion. Such deposits are fixed-term foreign-currency deposits with principal and interest repayable in the same currency, avoiding direct rupee exchange-rate risk for non-resident depositors.
September 21, 2026
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GST bribery investigation concerns alleged illegal gratification sought to resolve quarry firm's tax and royalty proceedings.
GST-related corruption allegations concern an alleged demand for illegal gratification from a stone-quarrying firm to resolve GST and royalty proceedings. A Customs House Agent was apprehended in a trap operation while allegedly accepting the negotiated amount on behalf of a CGST Superintendent and an Additional Commissioner. Custody proceedings involved written communication of arrest grounds and intimation to relevant family members and advocates.
September 21, 2026
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Rural infrastructure financing supports irrigation, roads, water supply, warehousing and micro-irrigation through structured lending and implementation oversight.
Haryana's 2026-27 rural infrastructure financing plan comprises six proposals for irrigation, roads, drinking-water supply and warehousing, with loan assistance proposed under the Rural Infrastructure Development Fund. Infrastructure Development Assistance has been sanctioned for the India International Horticulture Market, while further micro-irrigation proposals have been recommended under the Micro Irrigation Fund. Implementation oversight emphasises faster project execution and timely drawal claims, alongside borrowing approval and prospective support for water security, groundwater recharge, efficient irrigation and treated-wastewater reuse.
September 21, 2026
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Money laundering allegations in illegal cricket betting prompted investigative custody and examination of suspected routing of betting proceeds.
Money-laundering investigation into an organised illegal cricket-betting syndicate concerns the alleged use of online platforms, encrypted messaging channels, and a principal bookie to solicit, accept, and settle bets. Betting-derived funds were allegedly routed through a partnership firm represented as non-operational, whose account recorded substantial corresponding credits and debits. Property and vehicle records, digital data, and statements under the PMLA are relied upon to allege the acquisition, possession, use, transfer, and projection of proceeds of crime as untainted property.
September 21, 2026
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Money laundering allegations concern foreign portfolio investments, alleged share-price manipulation, attachment, and proposed confiscation of betting proceeds.
PMLA proceedings name Nishant Pitti in relation to allegations that proceeds from illegal online betting were introduced into Indian equity markets as foreign portfolio investments. The allegations attribute to him a role in facilitating and layering such proceeds through pre-arranged share-price manipulation involving Easy Trip Planners Ltd. Property action includes provisional attachment of his DEMAT shares, described as proceeds of crime, and a request for confiscation.
September 21, 2026
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National accounts modernisation adopts updated data sources, revised sector methods, and proportional Denton benchmarking for improved GDP estimates.
National Accounts Statistics in the new series use base year 2022-23, replacing the 2011-12 series. The series was updated to reflect changes flowing from the new Producer Price Index and Index of Industrial Production series. Methodological modernization expands corporate and financial-sector data coverage, refines general-government treatment, and adopts direct household-sector estimation from the Annual Survey of Unincorporated Sector Enterprises and the Periodic Labour Force Survey. Private Final Consumption Expenditure adopts COICOP 2018, while Quarterly National Accounts use the Proportional Denton approach and greater Goods and Services Tax and administrative-data use.
September 21, 2026
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Electoral roll verification requires unmapped voters to establish linkage or submit prescribed documents before final enrolment.
Special Intensive Revision of Nagaland's electoral roll applies a mapping and verification process by reference to the 2005 electoral roll. Electors recorded under no-mapping or mapping-anomaly categories, including persons unable to establish linkage to an elector in the 2005 roll, are to receive notices from Electoral Registration Officers or Assistant Electoral Registration Officers. They must furnish prescribed supporting documents, calibrated to their date or year of birth, for verification. Non-registration in the 2005 roll does not itself cause automatic exclusion.
September 21, 2026
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Trade pact negotiations and Russian energy tariffs shape market-access commitments and potential import-duty exposure for exporters.
India and Canada have accelerated negotiations for a Comprehensive Economic Partnership Agreement to establish a bilateral trade framework for goods and services. A United States law concerning sanctions on Russia and Iran authorises tariffs of up to 100 per cent on imports from leading purchasers of Russian crude oil or natural gas, creating potential tariff exposure for Indian exports. The India-European Union trade pact contemplates immediate duty elimination on 90 per cent of Indian goods and phased elimination on a further three per cent over seven years, subject to ratification.
September 21, 2026
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Semiconductor ecosystem policy requires predictable regulation, integrated clusters, and coordinated support to convert domestic demand into local value creation.
Semiconductor ecosystem development in India is centred on converting expanding domestic demand into local manufacturing, innovation and supply-chain resilience. A predictable fiscal and regulatory environment, alignment of central and state semiconductor policies, integrated manufacturing clusters and talent-certification programmes are important to project viability and commercialisation. Advanced packaging, compound semiconductors, photonics and chip-to-system integration offer high-potential areas, requiring policy certainty, streamlined approvals and long-term support for research, talent and supplier development.
September 21, 2026
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Legal and NPA advisory services receive recognition for social welfare, women's employment, legal awareness, and financial dispute-resolution work.
Felicitation of Advocate V. K. Dubey recognised his stated work in women's employment, public welfare, banking, NPA resolution, legal awareness, and social service. His profile encompasses civil, criminal, non-performing asset, banking, corporate, and settlement matters; leadership of bodies engaged in financial-dispute resolution; and legal assistance and public awareness intended to improve access to justice for marginalised persons. Associated initiatives include education and support for disadvantaged communities and wider social empowerment.
September 21, 2026
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Rupee appreciation reflected lower crude oil prices, stronger domestic equities, and improved risk sentiment amid diplomatic expectations.
Rupee appreciation against the US dollar followed lower crude oil prices, improved global risk sentiment, positive domestic equity markets, and softer US Treasury yields. Dollar index strength, geopolitical developments, and possible increases in oil supplies remained relevant to currency movements. Market commentary anticipated a slight positive rupee bias if crude oil prices continued to ease, while renewed geopolitical tensions could weaken risk sentiment. Net foreign institutional investment and a decline in foreign exchange reserves also formed part of the market context.
September 21, 2026
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Reciprocal tariffs and AI incident notifications frame bilateral talks on trade, security, technology and arms sales.
US sanctions legislation authorises the President to impose tariffs, including up to 100 per cent, on countries purchasing Russian oil and gas. China rejects tariffs directed at its Russian energy purchases and opposes unilateral sanctions and long-arm jurisdiction absent an international-law basis or a UN Security Council mandate. Washington and Beijing are also negotiating a reciprocal tariff-reduction framework covering products from both sides.
September 21, 2026
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Gold recycling and financialisation can reduce import dependence by mobilising household holdings through exchange, credit and non-physical investment.
Organised gold recycling, responsible sourcing, gold loans and financialised gold products are identified as ways to reduce reliance on fresh gold imports. Exchanging old jewellery can meet retail demand from existing domestic holdings, while gold loans unlock credit without requiring households to sell their gold. Gold ETFs and digital gold permit exposure to gold's value without physical possession and may reduce physical import demand. Transparency, trust and supporting infrastructure are necessary to integrate household gold into an organised formal economy.
September 21, 2026
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Tribunal infrastructure and member vacancies: amenities assessment and bench-level data collection address reduced sittings across company-law benches.
The Supreme Court required the Central Government urgently to identify, in consultation with the Tribunal President, infrastructural amenities needed by tribunal benches. The Principal Bench Bar Association was required to compile tabulated infrastructure data for every regional bench. At least 18 benches were asserted to conduct half-day sittings because of member shortages, against a sanctioned complement that remained unchanged despite expanded insolvency jurisdiction.
September 21, 2026
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Duty-free access for Indian exports under the India-New Zealand trade agreement begins with its entry into force.
The India-New Zealand Free Trade Agreement will grant duty-free access in New Zealand to all Indian exports, displacing existing peak tariffs on products such as ceramics, carpets, automobiles, and auto components. Scheduled to enter into force on 20 October 2026, the agreement also includes New Zealand's long-term investment commitment in India.
September 21, 2026
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Tariff sanctions and AI trade consultations examine reciprocal tariff reduction amid energy-purchase measures and objections to unilateral sanctions.
Expanded sanctions and tariff measures form the immediate trade-policy backdrop. The Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 authorises expanded sanctions and tariffs targeting Russia and countries that buy its energy exports. China contests the application of tariffs to its purchases and opposes long-arm jurisdiction and unilateral sanctions asserted without a basis in international law or a UN Security Council mandate. Parallel negotiations contemplate a reciprocal tariff-reduction arrangement.

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Trump's Oval Office thrashing of Zelenskyy shows limits of Western allies' ability to sway US leader

March 1, 2025

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Washington, Mar 1 (AP) All it took was 90 seconds for weeks of tortured diplomacy to unwind in spectacular fashion.

President Donald Trump's Oval Office thrashing of Ukraine's Volodymyr Zelenskyy on Friday laid bare the limits of a full-court press by America's allies aimed at reshaping Trump's determination to end Russia's invasion even if the terms are not to Ukraine's liking.

It also stressed the profound ways Trump feels emboldened to redirect US foreign policy priorities toward his “America First” agenda in ways that extend well beyond those of his tumultuous first term.

The sudden blowup was the most heated public exchange of words between world leaders in the Oval Office in memory, as the usual staid work of diplomacy descended into finger-pointing, shouting and eye-rolling.

The encounter left the future of the US-Ukraine relationship, and Kyiv's ability to defend itself in the brutal conflict with Russia, in mortal jeopardy.

“You either make a deal or we are out,” Trump told Zelenskyy, underscoring the American leader's plans to dictate a swift end to the war or leave its longtime ally to continue the fight without its strongest backer.

The stunning episode capped a week of what turned out to be largely futile efforts by US allies to paper over differences between Washington and Kyiv and to try to steer Trump away from his flirtations with Moscow.

On Monday, French President Emmanuel Macron huddled with Trump to lay the groundwork for an eventual European-led peacekeeping force in Ukraine aimed at deterring future Russian aggression and to encourage the US president to be more sceptical of Vladimir Putin.

But even as Trump and Macron greeted each other with a vise-like grip, the US was splitting with its European allies at the United Nations by refusing to blame Russia for its invasion of Ukraine in a series of resolutions marking the three-year anniversary of the war.

On Thursday, British Prime Minister Keir Starmer visited Washington and appealed to Trump for a US “backstop” for European nations who would provide front-line security for Ukraine.

He was in essence looking for insurance that, should a peace deal be reached, Russia won't restart the fighting in the future. Starmer brought flattery and a state visit invitation from King Charles III to soften the ask.

The approach seemed to work, as Trump struck a more conciliatory tone toward Ukraine, calling America's support for the country against Russia's invasion “a very worthy thing to do” and disclaiming any memory that he had called the Ukrainian leader a “dictator”.

But Trump also brushed aside Putin's past broken diplomatic promises, claiming they occurred under different presidents, and saying the Russian leader had never violated a commitment to him.

It came as his aides were planning a series of negotiating sessions with Russian officials to lay the groundwork for a potential meeting between Trump and Putin in the coming weeks.

All the while, Trump was focused on securing a financial stake in Ukraine's critical minerals to recoup the tens of billions the U.S. has given to Kyiv to defend itself.

Zelenskyy, meanwhile, wanted more than Washington's vague promises that the US would work to preserve its economic interest in Ukraine under the agreement and pushed for more concrete security guarantees.

But Trump would not budge, and US officials repeatedly said Zelenskyy would not be welcome to meet with the president to discuss Trump's push for negotiations with Russia until it was signed.

After weeks of browbeating, Zelenskyy's government on Wednesday formally agreed to the proposal, clearing the path for Friday's meeting.

It started off cordially enough, as Trump and Zelenskyy spoke politely, even with admiration, of one of another for the first half-hour of the meeting. Trump even suggested he would continue some military assistance to Ukraine until he could secure an enduring peace deal with Russia.

But when the Ukrainian leader raised alarm about trusting any promises from Putin to end the fighting, Vice President JD Vance rebuked him for airing disagreements with Trump in public. It instantly shifted the tenor of the conversation.

Zelenskyy grew defensive, and Trump and his vice president blasted him as ungrateful and “disrespectful” and issued stark warnings about future American support.

South Carolina Sen. Lindsey Graham, both a defense hawk and a strident ally of Trump's, said he had warned Zelenskyy ahead of the meeting “not to take the bait” in his dealings with Trump, who has repeatedly shown a penchant for throwing criticism but a deep resistance to receiving it.

It was Vance — a longtime critic of American support for Ukraine — who dangled it, when he insisted diplomacy was the only pathway forward.

“What kind of diplomacy, JD, you are speaking about?” Zelenskyy said, listing Russia's past violations of ceasefires. “What do you mean?” “I'm talking about the kind of diplomacy that's going to end the destruction of your country,” Vance responded before tearing into the Ukrainian leader. “President, with respect, I think it's disrespectful for you to come into the Oval Office to try to litigate this in front of the American media.” Trump then let loose, warning the Ukrainian leader, “You're gambling with World War III, and what you're doing is very disrespectful to the country, this country that's backed you far more than a lot of people say they should have.” At another point, Trump declared himself “in the middle”, seeming to formally break from years of American support for Ukraine. He went on to deride Zelenskyy's “hatred” for Putin as a roadblock to peace.

“You see the hatred he's got for Putin,” Trump said. “That's very tough for me to make a deal with that kind of hate.” “It's going to be a very hard thing to do business like this,” Trump said to Zelenskyy as the two leaders talked over each other.

The episode was just the latest instance of Trump's brazen moves to shift long-held American policy positions in his first six weeks back in office, portending even more uncertainty ahead for longtime American allies and partners who have already felt pressed to justify their place in Trump's eyes.

It comes just weeks after Trump floated a permanent relocation of Palestinians in Gaza and an American takeover of the territory, and as he has doubled down on plans to put stiff tariffs on goods from Mexico and Canada starting next week.

After the Oval Office dustup, Zelenskyy was asked to leave the White House by top Trump advisers — scrapping plans for a lunch, a joint press conference and the signing of the economic agreement, even as the Ukrainian leader and his aides pushed for a “reset” on the meeting.

Trump later told reporters he didn't want to “embolden” the Ukrainian leader if he didn't want “peace” with Russia — flipping what Ukraine had seen as an inducement for security guarantees into a cudgel.

“You can't embolden somebody who does not have the cards,” Trump said.

After the disastrous encounter, Zelenskyy appeared on Fox News on Friday evening and told Bret Baier that his public spat with Trump and Vance was “not good for both sides”.

But Zelenskyy said Trump — who insists Putin is ready to end the three-year grinding war — needs to understand that Ukraine can't change its attitudes toward Russia on a dime.

Zelenskyy added that Ukraine won't enter peace talks with Russia until it has security guarantees against another offensive.

“Everybody (is) afraid Putin will come back tomorrow,” Zelenskyy said. “We want just and lasting peace.” “It's so sensitive for our people,” Zelenskyy said. “And they just want to hear that America (is) on our side, that America will stay with us. Not with Russia, with us. That's it.” Zelenskyy acknowledged that without US support, his country's position would grow “difficult”.

After repeatedly declining opportunities to apologise to Trump, Zelensky closed his Fox appearance with a sheepish expression of remorse as he struggled with the reality of Trump's new direction in Washington: “Sorry for this." (AP) PY PY

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