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    DRI seizes over seven kg amphetamine and three kg cocaine as it intensifies crackdown on drug trafficking in country; three arrested
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    Union Minister of Commerce and Industry Shri Piyush Goyal Calls on Youth to Drive India’s AI Journey
    CCI approves acquisition of majority stake in Tribhovandas Bhimji Zaveri Limited by GRT Jewellers (India) Private Limited
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October 19, 2026
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Narcotics trafficking enforcement led to airport and road interceptions, baggage concealment detection, seizures, and arrests under the NDPS framework.
Narcotics trafficking enforcement under the Narcotic Drugs and Psychotropic Substances Act, 1985, involved intelligence-led interceptions at Bengaluru and Delhi airports and near Nagpur. Passenger baggage and a backpack were examined, leading to the seizure of amphetamine and cocaine and the arrest of three passengers. The recoveries included amphetamine concealed in baggage, a ladies' suit and a backpack lining, and cocaine contained in transparent packets within baggage.
October 19, 2026
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Gold smuggling syndicate enforcement traces concealed imports through airport handlers, illicit melting, and jewellery-market disposal under customs law.
Directorate of Revenue Intelligence enforcement action identified an organised gold-smuggling syndicate importing foreign-origin gold through Ahmedabad and Surat airports, followed by handover to handlers, intermediary routing, illegal melting, and cash-based supply through an Ahmedabad jewellery outlet. Further searches recovered undocumented foreign-origin gold bars and records concerning smuggled gold linked to a Dubai-based financier. The investigation identified interconnected roles across the movement, processing, and disposal of smuggled gold; three persons were arrested under the Customs Act, 1962.
October 19, 2026
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Free trade agreement utilisation requires origin compliance, product standards, and documentation to secure preferential export market access.
Effective FTA utilisation requires businesses to identify eligible products and markets, assess tariff preferences and rules of origin, and meet applicable quality, certification, documentation and importing-country requirements. Preferential access under agreements with the UAE, Australia, EFTA countries and the United Kingdom remains subject to each agreement's provisions and implementation status. Tariff preferences may improve price competitiveness and facilitate participation in international supply chains where product- and partner-specific conditions are satisfied.
October 19, 2026
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Drug prevention awareness initiatives engage students through health education, interactive activities and pledges supporting a drug-free society.
Mission Yuva Raksha advances preventive drug awareness and demand-reduction efforts among students through programmes at educational institutions in Madhya Pradesh. Sessions addressed the harmful effects of substance abuse on physical and mental health, education, family life and careers, supported by interactive learning activities. Participants were encouraged to avoid drugs, adopt healthy lifestyles, take pledges and support awareness initiatives in their schools, families and communities. Preventive education and youth engagement complement enforcement-oriented work through informed choices and community-based resistance to substance abuse.
October 19, 2026
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Coastal narcotics trafficking enforcement addresses suspected maritime methamphetamine smuggling through seizure, asset recovery, and arrests under drug-control law.
Intelligence-led narcotics enforcement addressed suspected coastal storage and maritime transfer of methamphetamine to Sri Lanka. Searches recovered crystal methamphetamine concealed in foil packets within duffel bags, which was seized under the Narcotic Drugs and Psychotropic Substances Act, 1985. Searches also recovered suspected drug-sale proceeds and vehicles allegedly used in transportation. Persons allegedly involved in organising coastal export, transport, storage and logistics were arrested and remanded to judicial custody.
October 17, 2026
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Centralised audit framework targets lower physical branch audit coverage while preserving regulatory oversight and maintaining remuneration.
For FY 2026-27, audit remuneration is to remain at existing levels. Member banks are advised to accelerate a centralised audit framework to improve cost efficiency while retaining comprehensive risk oversight. Physical statutory branch audit coverage should be reduced to cover 50% of total business, apart from centralised treasury audits. Audit coverage must align with SEBI listing and disclosure requirements and RBI guidelines, supported by a Board-approved policy for the centralised audit roadmap.
October 17, 2026
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Promissory estoppel cannot prevent Government shareholding dilution where enacted legislation imposes no restriction on strategic disinvestment.
Government shareholding in IDBI may be reduced or divested because the IDBI (Repeal) Act, 2003 contains no restriction on dilution of the Government's stake. A proposed amendment to limit dilution was rejected and not incorporated into the enacted law. Parliamentary statements cannot override statutory text, and promissory estoppel cannot be invoked on the basis of legislative debate statements to prevent dilution of Government shareholding. Successive Union Budget speeches also reflected a policy of transformation and strategic disinvestment of IDBI Bank.
October 16, 2026
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Recipient-generated e-invoicing under reverse charge enables eligible taxpayers to obtain IRNs for domestic unregistered supplies and imported services.
Eligible active registered recipients meeting the applicable aggregate annual turnover threshold may report recipient-generated self-invoices for specified reverse-charge domestic supplies from unregistered persons and imports of services. RCMDOM and RCMIMP must be selected as the relevant e-invoice supply types when reporting through an authorised Invoice Registration Portal. Submission and validation of prescribed invoice particulars would generate an Invoice Reference Number, subject to applicable GST provisions, notifications and e-invoice specifications.
October 16, 2026
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Reservation Policy Implementation in public financial institutions was examined through capacity building, practical deliberations, and measures for consistent application.
Implementation of the Government of India's Reservation Policy across public sector banks, public sector insurance companies, sectoral regulators and public financial institutions was addressed through capacity building to support uniform and effective application. Deliberations considered practical implementation issues, operational challenges and actionable measures for consistent policy application, alongside related welfare measures and interactive discussion of implementation questions.
October 16, 2026
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Organic agricultural export certification supports overseas market access for Palmyra Jaggery Powder through export-oriented producer linkages.
APEDA facilitated the maiden sea export of NPOP- and EU-certified organic Palmyra Jaggery Powder from Tamil Nadu to Bulgaria. The initiative seeks to diversify India's organic export basket, create market linkages for traditional Palmyra-based products, and improve producer access through export-oriented value chains. It covers organic cultivation and reports improved price realisation for participating farmers and the manufacturer compared with the domestic market. APEDA supports certified organic and value-added agricultural exports through market development, quality compliance, and overseas buyer linkages.
October 16, 2026
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Data-driven trade governance enables integrated monitoring, application analysis and evidence-based policy inputs through the National Strategic Trade Command Centre.
The National Strategic Trade Command Centre provides an integrated analytics and visualisation platform consolidating trade data to monitor trade indicators, scheme performance, application pendency, processing timelines, regional trends and compliance-related parameters. It enables analysis across national trade performance, Regional Authorities, schemes, products, destination markets and individual applications, subject to role-based access permissions. Initial dashboards cover key trade-facilitation and regulatory processes, including SCOMET, export promotion schemes, certificates of origin, importer-exporter registration and restricted imports and exports.
October 16, 2026
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Private capital mobilisation should use competitive financing, guarantees and risk mitigation to expand productive employment and productivity.
Private capital mobilisation is treated as essential to employment generation and productivity growth. Private enterprises, MSMEs and startups should remain central to job creation, with financing assessed by employment and productivity outcomes rather than volume. Guarantees, risk-mitigation instruments, local-currency financing and lower transaction costs are identified as means to expand affordable and predictable access to capital. Methodologies underlying governance indicators should be transparent, objective, evidence-based and responsive to diverse development experiences.
October 16, 2026
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Narcotics smuggling through misdeclared air cargo triggered seizure, arrest, and ongoing investigation into concealed hydroponic weed imports.
A Bangkok-origin air-cargo consignment declared as PU Tubes was examined on suspicion of mis-declaration. Plastic spools were found to contain concealed cavities holding polythene-wrapped packets of compacted green substance, preliminarily identified as suspected ganja/marijuana and described as hydroponic weed. The concealed substance, packaging and concealment material were seized under the NDPS Act, 1985. One person was arrested, and follow-up searches produced leads for continuing investigation.
October 16, 2026
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Unaccompanied baggage gold smuggling: concealed hardware and insider coordination triggered interception, seizure, and arrests under customs law.
Foreign-origin gold smuggling through the unaccompanied baggage channel involved concealment of gold within hardware items and coordinated retrieval through warehouse personnel and intermediaries. Intelligence-led interception resulted in recovery and seizure of foreign-origin gold concealed in a floor spring, metal locks, a grease gun and a door closer. The arrangement used a trolley secured by a pre-decided number-lock combination, with a warehouse staff member, mediator and receiver allegedly involved in delivery of the concealed gold.
October 16, 2026
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Opium cultivation licensing grievance redressal advances through public hearings, administrative remedies, policy recording, and a planned cultivator helpline.
Opium cultivation licensing grievances were addressed through a public hearing where cultivators raised irrigation, climatic, single-plot licensing, and village-wise allocation concerns. Participants were informed of available legal provisions and administrative remedies. Requests for more licences and larger cultivation plots were considered, with policy matters recorded. A helpline is intended to assist cultivators during the 2026-27 licensing operation.
October 16, 2026
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Illicit cannabis cultivation: crop destruction followed legal formalities, while investigation continues in a remote wildlife sanctuary.
Illicit cannabis cultivation was located by a joint DRI and CBN team across five stretches of remote, densely forested wildlife-sanctuary land near village Jamniapani, Shirpur, District Dhule, Maharashtra. The cultivation covered 2.87 hectares. Following requisite legal formalities, the cannabis crop was destroyed using a rotavator in the presence of Police and Forest Department officials. Investigation remains in progress.
October 15, 2026
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Merchandise and services trade estimates show export growth, import expansion, and a wider combined trade deficit over the reporting period.
Combined trade estimates for April-September 2026-27 show exports of US$ 476.20 billion and imports of US$ 551.13 billion, resulting in a trade deficit of US$ 74.93 billion. Merchandise exports rose to US$ 259.89 billion, while merchandise imports reached US$ 437.53 billion. Estimated services exports were US$ 216.31 billion and services imports were US$ 113.60 billion, producing a services trade surplus of US$ 102.71 billion. September services figures are estimates, and specified earlier-period data were revised using quarterly balance-of-payments data.
October 15, 2026
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Emerging technology skills and resilient supply chains are positioned as foundations for investment competitiveness and inclusive economic growth.
Ministerial policy priorities for India's trade, investment and technology agenda emphasise artificial intelligence, cybersecurity, technology adoption, manufacturing investment and lifelong skill development. Investment competitiveness is linked to political stability, resilient supply chains, and fair and transparent trading practices. The first tranche of a bilateral trade agreement with the United States has been finalised, while final contours and legal drafting continue before operationalisation.
October 14, 2026
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Majority stake acquisition in the jewellery sector receives competition clearance for GRT Jewellers' purchase of Tribhovandas Bhimji Zaveri.
Competition Commission of India approved GRT Jewellers (India) Private Limited's proposed acquisition of a majority stake in Tribhovandas Bhimji Zaveri Limited. The transaction concerns entities operating in the Indian gems and jewellery market, including a private limited acquirer and a publicly listed target engaged in manufacturing and sale of gems and jewellery.
October 14, 2026
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Minority shareholding acquisition in mother and baby healthcare receives competition clearance for a private equity-backed investment.
Competition Commission of India clearance authorises NuageLux BidCo S.a r.l. to acquire approximately 23% of the fully diluted shareholding in Kids Clinic India Ltd. The transaction constitutes an acquisition of a minority equity interest in a healthcare provider operating under the Cloudnine brand. NuageLux BidCo is a Luxembourg-incorporated private limited special purpose vehicle, ultimately controlled by Permira Holdings Ltd.

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Punjab FM announces Rs 10 lakh health cover for all in Rs 2.46 lakh cr budget for FY26

March 26, 2025

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Chandigarh, Mar 26 (PTI) Punjab Finance Minister Harpal Singh Cheema announced a Rs 10 lakh health insurance cover for all families, steps to tackle drug menace and a 'Rangla Punjab Vikas scheme' for holistic development in the Rs 2.36-lakh-crore state budget for 2025-26 presented in the Assembly on Wednesday.

With a theme of 'Badalda Punjab' (transforming Punjab), Cheema kept the focus of his budget on the health, education and other sectors in the fourth budget of the AAP government in Punjab.

According to budget documents, the state's outstanding debt has been pegged at Rs 4.17 lakh crore (Rs 4,17,136 crore) for FY 2025-26 as against revised estimates of Rs 3.82 lakh crore (Rs 3,82,934.98 crore) for 2024-25.

In his nearly two-hour-long address, Cheema also announced a loan waiver for the Scheduled Caste beneficiaries who defaulted on loans availed from Punjab Scheduled Castes Land Development and Finance Corporation (PSCFC) and reducing service fee for availing government services at their doorsteps from Rs 120 to Rs 50.

Facing flak from the opposition over not keeping its poll promise, the budget did not find any mention of giving monthly income of Rs 1,000 to women, which was one of the key promises of the AAP before coming to power.

Replying to a question, Cheema said the state government will soon launch it. "Different departments including finance and social are conducting surveys for it," he further said.

Calling the state budget the 'Badalda Punjab roadmap', Cheema, while presenting the budget document in the House, said, " I propose a total budget expenditure of Rs 2,36,080 crore for FY 2025-26." The budget estimated revenue deficit and fiscal deficit at Rs 23,957 crore and Rs 34,201 crore, respectively, for the next financial year.

The budget proposed Rs 9,992 crore as power subsidy for the agriculture sector.

Acknowledging that the problem of drugs was the biggest threat to the progress and prosperity of Punjab, Cheema also noted that the bulk of the drugs are coming from across the border.

Announcing steps to check the smuggling of narcotics, Cheema announced the state government will establish a second line of defense at the border by deploying 5,000 home guards alongside the BSF.

He further said the government will deploy the most advanced and effective anti-drone systems to track and neutralize the sophisticated cross-border drones being used to drop drugs and arms inside Punjab.

"I am allocating a budget of Rs 110 crore towards these initiatives next year," he said.

In another initiative, he said the government has decided to carry out a first ever 'drug census' in Punjab next year.

"This Census will cover every household of Punjab and will collect data to understand the prevalence of drugs, usage of de-addiction centers, etc., besides collecting data on socio-economic status of the people of Punjab. We will use this data to craft an effective and scientific strategy to eradicate the problem of drugs within the next 1-2 years. Our government proposes to spend Rs 150 crore on this initiative," he said.

On the health front, Cheema noted free and quality healthcare should be available as a matter of right to every citizen of India - irrespective of whether they are rich or poor.

Cheema announced to extend the state health insurance scheme to make it universal and cover all the 65 lakh families of Punjab.

"There will be no bar or discrimination - rural or urban, rich or poor, everyone can participate in this scheme," he said.

"The second big decision is that we are extending the insurance cover for all the families of Punjab to Rs 10 lakh per annum. This includes those enrolled in the central government scheme too, they will get an additional top-up cover of Rs 5 lakh from the state government.

A sum of Rs 778 crore has been allocated for this purpose, he said.

Cheema said so far, 45 lakh families of Punjab are enrolled in government health insurance schemes of which 16 lakh families are covered under the Central government's Ayushman Bharat Yojana and the remaining 29 lakh families are covered under the Punjab government's Mukh Mantri Sarbat Sehat Bima Yojana. The insurance coverage for the entire family is only Rs 5 lakh per annum in these schemes.

Announcing the 'Rangla Punjab Vikas Scheme'--a new initiative dedicated towards restoring the lost glory of Punjab and ensure holistic development of the state.

"The fund will be administered by the district commissioners (DCs) and will be spent based on the recommendations of MLAs, community organizations, citizen groups and public-spirited citizens.

This fund will be a huge enabler in ensuring all-round development of all our districts across all sectors such as construction and repair of roads and bridges, street-lights, clinics, hospitals, schools, water, sanitation etc," he said.

I am allocating Rs 585 crore (Rs 5 crore per constituency) for this scheme," he said.

Cheema further announced a new initiative, Khed-da Punjab, Badalda Punjab' initiative, under which the government will promote sports at the grassroots level by providing playgrounds and indoor gyms in every village of Punjab.

"We will also setup 3,000 indoor gyms throughout Punjab so that our youth even in villages have the best infrastructure to stay fit and participate in competitive sports," he said.

Recognizing 'pinds' (villages) as the heart and soul of Punjab, Cheema announced "Badalde Pind, Badalda Punjab", a new initiative to uplift the infrastructure in all 12,581 villages across the state in the next two years.

The works will include cleaning and rejuvenation of village ponds, setting up sewage treatment systems, construction of village playgrounds etc.

The finance minister also announced to launch "Mukh Mantri Street Light Yojana" for installation of 2.5 lakh street lights in the next year throughout Punjab.

To incentivize crop diversification, a new scheme covering three districts namely Bathinda, Kapurthala and Gurdaspur is being introduced for Kharif maize crop, he said.

"A total of about 21,000 hectares will be diversified from paddy to kharif maize to encourage the production of ethanol. The farmers will get a subsidy of Rs 17,500 per hectare for switching to Kharif maize cultivation," he said.

Cheema said to promote natural farming practices, a new initiative which will include awareness programmes, cluster formation, incentives is proposed in 2025-26, initially covering Amritsar, Shaheed Bhagat Singh (S.B.S) Nagar, Rupnagar, S.A.S. Nagar (Mohali), and Hoshiarpur districts.

He also announced setting up a state-of-the-art shrimp processing unit to support shrimp farming in waterlogged areas.

For the education sector, Cheema proposed Rs 17,975 crore, which is around 12 per cent of the total expenditure.

Cheema also proposed to construct a heritage street and auditorium at Shaheed Bhagat Singh (S.B.S) Nagar at a cost of Rs 54 crore.

In the budget, Cheema projected total revenue receipts at Rs 1,11,740 crore, of which the Own Tax Revenue accounts for Rs 63,250 crore.

The share of central taxes has been pegged at Rs 25,703 crore and grant-in-aid from the Centre at Rs 10,576 crore, said Cheema.

He also proposed an allocation of Rs 233 crore to modernize and upgrade police infrastructure which includes construction and renovation of police complexes, purchase of land for police lines, police stations, and housing for the police personnel, etc. PTI CHS SUN VSD MR MR

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