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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
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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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Innovative & Transformative Technologies Impress at the 32nd Convergence India & 10th Smart Cities India Expo

March 22, 2025

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New Delhi, Delhi, India (NewsVoir) • Over 3 days, 1,000+ domestic and international companies, including 250 startups and Smart Cities, presented India’s tech capabilities and achievements.

• Cutting-edge products from 6G, AI & ML, Big Data, IoT, Cybersecurity, Robotics, Drone Tech, Smart Governance, Fintech, etc., were displayed.

India's largest technology showcase, the 32nd Convergence India and 10th Smart Cities India expo, is an initiative by Exhibitions India Group (EIG) that focuses on transformative technologies and solutions shaping India’s future by creating an ecosystem that supports initiatives such as ‘Digital India, ‘‘Make in India,’ and the ‘Smart Cities Mission’.

Shri Nitin Gadkari, Hon’ble Minister for Road Transport & Highways, Government of India, inaugurated the expo. In a special address, the Hon’ble Minister said, “Today, AI is driving our economy. India’s future is connected with technological growth, so we need to push more research and innovations. The good news is that we boast the highest number of young engineers driving innovations and futuristic technologies." Under the theme “Imagining an AI-Driven Future Today: Innovating for a Better Tomorrow,” the event was a technological extravaganza and the epicentre of hectic activity, with thousands of visitors and delegates exploring technologies and innovations. They also had the opportunity to experience world-class gadgets, including drones, robotics, AR/VR glasses, mobile and digital gaming devices, etc. Meanwhile, the Smart City Pavilion offered an impressive lineup of smart city projects that deliver quality results and enhance millions of citizens’ lives.

Ms. Chandrika Behl, Managing Director, Exhibitions India Group, said, “This expo has played a pivotal role in fostering technological upgradation and national development, besides promoting an inclusive and sustainable ecosystem across the country. We are the foremost platform for businesses, especially startups, in the Digitech space and have launched several brands that have grown to achieve international acclaim. Taking a cue from the industry’s mood at this year’s show, we will continue providing wholesome opportunities to companies and allow them to thrive and emerge as global brands.” In addition to product launches, investor meets and collaborations, the venue hosted approx. 40 conference sessions ranging from a wide gambit of subjects. These sessions facilitated discussions between industry representatives, innovators, think tanks, and academia on the latest developments and market trends impacting new-age technologies. Moreover, the industry’s future looks bright, with several ministry representatives participating in these discussions! Besides, strong representation from the Ministry of Electronics & IT, including Abhishek Singh, Additional Secretary & CEO India AI Mission; Sanket Bhondve, Joint Secretary; and Panneerselvam Madanagopal, CEO, Startup Hub; Sanjeev Shankar, Joint Secretary, Ministry of IB, and A. Dhanalakshmi, Joint Secretary, Ministry of Science & Technology, also participated in constructive interactions, proving the Government’s resolve to guide the industry. While interacting with delegates during a conference session focused on Artificial Intelligence, Abhishek Singh observed, “We are building AI-based applications in key sectors that can be scaled, rolled out and deployed at scale. The AI policy alignment opens doors for new tools to detect data bias, machine learning, detecting deepfakes, and watermarking AI-generated content.” Prominent entrepreneurs such as Aman Gupta (Co-founder & CMO, boAt), journalist Barkha Dutt and Ankur Warikoo, founder of WebVeda, also engaged in deliberations, offering insights into India’s thriving startup ecosystem. During a Fireside Chat session, Aman Gupta said, “The new India is dreaming big. However, Indian brands should not target to be affordable but aspirational. They should also have a competitive mindset.” Talking about the qualities that a successful entrepreneur should have, he shared, “Find your passion and follow it wholeheartedly. Keep yourself grounded, and don’t get carried away. My mantra is - be efficient and take responsibilities seriously.” Among the highlights were the Investors Pitch competition in the Startup arena that had 10 startups showcase innovative ideas to a distinguished jury. Products and ideas were shared across domains such as healthcare, farming, and safety. Fuselage Innovation, an agri-tech startup from Kerala, emerged as the winner. It received the Prem Behl’s Excellence Award, a cash prize of Rs. 1 Lakh from Exhibition India, and a fully funded participation in the reputed GITEX Dubai and GITEX Morocco, besides guaranteed pitch slots at the Supernova Challenge 2025 in Berlin.

The highly popular Fintech and Smart Cities awards drew a large number of nominations. The Smart Cities awards were given under categories such as Best Use of AI for Urban Development, Best Smart Energy Solution, Digital Inclusion and Citizen Engagement, Innovation in Urban Mobility, etc. Some Fintech awards categories included Best Global Use of AI in FinTech, Best Digital Lending Solution, FinTech for Financial Inclusion, Best Fintech Leader, etc. Meanwhile, the first Mobile India awards were introduced as an extension of the Mobile India Expo to celebrate the outstanding contributions of companies and individuals towards revolutionising the sector.

Notably, Russia-based Alfa Bank bagged awards in two categories: Global Leader in Fintech and Best Global Use of AI in FinTech. Sharing his thoughts upon receiving the award, Alexey Kashirin, Head of the Advanced Analytics Department, said, “I am grateful to the FinTech India Innovation Awards for appreciating our bank’s contribution to innovation development. India is not just a global technology leader, but also one of Russia’s key partners.” About Convergence India Since 1992, Convergence India has heralded the telecom and digital revolution in India. It is India's largest technology showcase event, providing a platform to showcase ‘Brand India’ by supporting the ‘Make in India’ and ‘Digital India’ campaigns. Convergence India is at the forefront of promoting technological advancements in Telecom, Satcom, Broadcast, Wired & Wireless technologies, 5G & 6G networks and IT solutions.

About Smart Cities India The Smart Cities India expo displays India’s emerging modernisation and development landscape that aims to deliver better citizen-centric services across the country. The expo showcases the integration of transformative technologies with the key pillars of urban development, i.e., green buildings, rooftop solar, renewable & clean energy, clean environment, clean water, water conservation, urban mobility, and the use of smart ICT solutions for optimising resources that make cities smart and sustainable.

(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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