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    India-New Zealand FTA to Enter into Force from 20 October 2026
    Bengaluru customs arrest passengers for smuggling ganja, gold at airport
    Third-country goods routed via New Zealand into India won't get FTA duty benefits
    Govt urges bank employees to refrain from strikes, resolve issues through dialogue
    Ex-Punjab DIG Bhullar case: ED arrests 'middleman' Kirshanu Sharda for corruption
    RBI revises foreign currency deposit inflows under FCNR(B) upward to USD 133 bn
    CBI arrests 'absconding' IRS officer in Rs 40-lakh bribery case
    Haryana plans Rs 2,295-crore rural infra push
    IPL betting syndicate: ED arrests 'principal bookie' in Guwahati money-laundering case
    ED chargesheets EaseMyTrip promoter Nishant Pitti in Mahadev betting app case
    “Sources and Methods for Compilation of National Accounts Statistics”
    Nearly 5 lakh Nagaland voters to receive notices over SIR mapping discrepancies
    India, Canada to hold next round of talks from Oct 5 for proposed trade pact: Goyal
    India's Semiconductor Market Projected to Grow Threefold to USD 200 billion by 2035: EY-IESA Report
    VKDL NPA Advisory Council Chairman V. K. Dubey Felicitated by Uttar Pradesh Women Commission Chairperson Babita Singh Chauhan
    Rupee rises 15 paise to close at 95.81 against US dollar
    Xi to visit US from Sept 23 to 25 for talks with Trump; China calls it ‘milestone of historic significance’
    Supporting PM Modi's call, IIFL Finance's Mayank Sharma believes recycling household gold is the fastest way to cut import bill
    How will tribunals function if no infrastructure? SC directs Centre to identify amenities required
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September 22, 2026
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Tariff liberalisation under the India-New Zealand FTA grants Indian exports duty-free access while protecting sensitive agricultural products.
From 20 October 2026, the India-New Zealand Free Trade Agreement applies duty-free treatment to all tariff lines covering Indian exports to New Zealand, while preserving exclusions for sensitive Indian agricultural products. Market access for New Zealand apples, kiwifruit, and Manuka honey remains subject to tariff rate quotas, minimum import prices, seasonal windows, and safeguards. Services commitments, mobility routes, investment facilitation, agricultural cooperation, and recognition of specified international inspection approvals form further components.
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.

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ELECRAMA 2025 Concludes Successfully, Showcasing Innovations and Industry Leadership

March 4, 2025

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Mumbai, Maharashtra, India (NewsVoir) The 16th edition of ELECRAMA 2025 organised by Indian Electrical and Electronic Manufacturers’ Association (IEEMA) wrapped up on a high note, firmly establishing itself as the premier global platform for the electrical and allied electronics industry. This edition broke previous records, by hosting over 1,000+ exhibitors, attracting more than 400,000 business visitor footfalls, and generating an estimated $20 billion in business enquiries — an undeniable testament to its unparalleled scale, influence, and global appeal.

ELECRAMA 2025 emerged as an important platform for industry engagement, showcasing impactful B2B meetings, insightful thought leadership sessions, and constructive policy dialogues that united both global and Indian stakeholders. The event successfully facilitated over 15,000+ B2B meetings and attracted close to 500 international buyers from 80 countries, further solidifying India's stature as a reliable partner within the global electrical ecosystem.

One of the biggest highlights this year was the launch of the New Energies Pavilion, a game-changing showcase of breakthrough technologies in Battery Storage, EV Charging Infrastructure, Digital Energy, Solar Modules, Solar Inverters, and more. This dedicated space showcased India’s rapid strides towards a sustainable and future-ready energy landscape.

The global interest at ELECRAMA 2025 has increased. While attending the event Hon’ble Minister Bachir Camara, Deputy Minister, MEHH, Guinea said, "India’s advancements in energy and digitalization offer valuable insights for developing nations like Guinea. Strengthening collaborations with India can help us enhance our electricity systems and adopt innovative solutions. Platforms like ELECRAMA provide an excellent opportunity to explore cutting-edge technologies, engage with industry leaders, and understand best practices in renewable energy, electrification, and carbon footprint reduction. Events like these are crucial in fostering global partnerships, allowing us to learn from India’s expertise and implement sustainable energy solutions that will drive our nation's growth. We believe this is the right time to leverage India’s achievements and work together for a brighter, more energy-secure future." ELECRAMA 2025 also witnessed four MoU signings, laying the foundation for transformative collaborations in the power and electrical sector. These agreements mark a significant step in driving innovation, industry partnerships, and next-generation energy solutions.

Highlighting the potential of the event, Kris Van den Zegel, Head of BD & Stakeholders, Eurelectric said, “ELECRAMA has been an electrifying experience, showcasing the booming Indian power sector and its remarkable growth. We were particularly impressed by the innovation, expanding capabilities of Indian companies, and the welcoming business culture. As the flagship event of IEEMA, it brings together key stakeholders to explore advancements in renewable energy, grid modernization, and digital transformation. The exhibition highlights India's rapidly expanding power sector, offering insights into emerging technologies and sustainable solutions. With global partnerships and knowledge-sharing at its core, ELECRAMA continues to position India as a hub for electrical manufacturing and energy innovation, strengthening industry connections and accelerating the transition towards a more efficient and resilient power ecosystem.” As the event draws its curtains, the significance of this year’s edition Sunil Singhvi, President, IEEMA said, "ELECRAMA 2025 has surpassed all expectations, marking yet another milestone in its journey as the world's leading platform for the electrical and power industry. The remarkable increase in visitor footfall compared to the previous edition underscores the growing global interest in India's energy and power capabilities. With over 400,000 business visitor footfalls, ELECRAMA has demonstrated its ability to bring together industry leaders, policymakers, and innovators to drive impactful collaborations and business opportunities." Vikram Gandotra, President (Elect) and Chairman, ELECRAMA 2025 also added, "Sustainability and innovation were at the heart of ELECRAMA 2025, setting new benchmarks in green electricity adoption and carbon footprint reduction. The event highlighted groundbreaking advancements in renewable energy integration, energy storage, and automation, paving the way for a greener and more sustainable future. Our collective efforts have contributed significantly to reducing carbon emissions, reinforcing India's commitment to clean energy and decarbonization. ELECRAMA continues to be a key enabler in accelerating the transition toward a low-carbon economy." Siddharth Bhutoria, Vice President, IEEMA & Vice Chairman, ELECRAMA 2025, "ELECRAMA 2025 has been a resounding success, particularly in fostering the growth of startups and emerging enterprises in the energy sector. Through initiatives like Electraverse Sparks, we have provided a dynamic platform for breakthrough innovations, enabling startups to showcase their solutions, connect with investors, and explore strategic collaborations. The overwhelming response from industry leaders and stakeholders underscores the critical role of ELECRAMA in driving innovation, nurturing entrepreneurship, and shaping the future of India's electrical and power industry." The event, inaugurated by Shri Manohar Lal Khattar, Hon’ble Union Minister of Power and Housing & Urban Affairs, highlighted the government’s commitment to strengthening India’s energy infrastructure. Delivering the keynote, Hon’ble Minister Piyush Goyal, Union Minister of Commerce & Industry, emphasized India’s energy transition, policy direction, and technological advancements. He urged the electrical industry to unify major expos, creating a world-class platform to position India as a global hub for energy and electrical solutions.

A key highlight was the 3rd Edition of Electraverse Sparks, where 20 high-potential startups showcased breakthrough innovations in energy, AI, automation, and sustainability, driving investments and strategic collaborations. The World Utility Summit brought together 70+ speakers and 400+ delegates including Vijay Mittal (IOFS), Joint Secretary, Ministry of Heavy Industries, to discuss grid modernization, sustainable policies, and digital transformation.

Meanwhile, ETECHnxt had 40+ unique speakers and 350+ delegates, the premier forum for emerging technologies, explored AI integration, IoT-driven smart grids, and blockchain applications in energy markets, reinforcing ELECRAMA’s role in shaping the future of the power sector.

To mark the successful culmination of the event, ELECRAMA 2025 hosted the prestigious Awards Distribution & Exhibitor Night, celebrating excellence in innovation and industry leadership. The evening was further enhanced by a spectacular musical performance by renowned playback singer Shaan, leaving the audience enthralled.

As ELECRAMA 2025 promoted sustainability in a big way, it was able to save 2.3 metric ton of CO2 through providing co-friendly cabs and the event on green electricity. The event leaves behind a legacy of groundbreaking discussions, cutting-edge technological showcases, and strategic collaborations that will shape the future of the electrical and power industry. The event reaffirmed India’s position as a leader in energy solutions, paving the way for a more connected, sustainable, and technologically advanced future.

About IEEMA IEEMA is the apex association of manufacturers of electrical and industrial electronics and allied equipment in India. Established in 1948, IEEMA is the first ISO-certified industry association, encompassing the entire value chain in power generation, transmission, and distribution equipment, including new and renewable energy sectors.

About ELECRAMA ELECRAMA is the flagship showcase of the Indian Electrical & Electronics Manufacturers' Association (IEEMA), bringing together the complete spectrum of solutions that powers the planet from source to socket and everything in between. ELECRAMA is a platform to connect the world with the Indian industry in respect of technology, new trends, and innovation for future energy transition.

For more information about ELECRAMA 2025, please visit: elecrama.com.

Image: ELECRAMA 2025 organized by IEEMA successfully concludes, bringing together industry leaders, innovators, and policymakers to shape the future of the electrical and power sector (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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