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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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April 17, 2025

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New Delhi, Apr 17 (PTI) Following are the top stories at 5 pm: NATION DEL39 MEA-CHOKSI-BELGIUM

Working closely with Belgium on Mehul Choksi's extradition: MEA New Delhi: India on Thursday said it is working closely with Belgium for extradition of fugitive diamantaire Mehul Choksi.

DEL42 VP-JUDGES-LD ACCOUNTABILITY

Why no FIR in burnt cash discovery at judge's house case, questions Dhankhar New Delhi: Vice President Jagdeep Dhankhar on Thursday questioned the lack of an FIR in the discovery of wads of burnt cash case from the residence of a high court judge, wondering whether a "category beyond law" has secured immunity from prosecution.

DEL30 DEF-RAJNATH

India has set target of Rs 3 lakh cr in defence production by 2029: Rajnath New Delhi: The value of India's defence production this year is expected to cross Rs 1.60 lakh crore and the target is to manufacture military hardware worth Rs 3 lakh crore by 2029, Defence Minister Rajnath Singh said on Thursday.

DEL21 KHARGE-MGNREGA

'Anti-poor' Modi govt bent on 'oppressing' MGNREGA workers: Kharge New Delhi: Congress president Mallikarjun Kharge on Thursday alleged that the "anti-poor" Modi government is bent on "oppressing" MGNREGA workers and reiterated the party's demands that their minimum wage per day be fixed at Rs 400 and that they be provided at least 150 days of work in a year.

DEL22 BJP-ED-GANDHIS

Modi govt will put corrupt behind bars: BJP on ED chargesheet against Gandhis New Delhi: The BJP on Thursday kept up the heat on the Gandhi family on the issue of corruption and asserted that those who indulged in corruption and usurped farmers' land will be put behind bars under the "honest government" of Prime Minister Narendra Modi.

DEL26 CONG-MEETING

Herald case: Congress calls meeting of general secretaries, in-charges to plan protests New Delhi: The Congress has called a meeting of all its general secretaries, in-charges and heads of frontal organisations on Saturday to decide the way forward for staging protests against the alleged targeting of party leaders Sonia Gandhi and Rahul Gandhi in the National Herald case.

CAL30 WB-GUV-MURSHIDABAD VICTIMS

Victims of violence-hit Murshidabad district meet Bengal Guv, seek permanent BSF camp in area Kolkata: West Bengal BJP president Sukanta Majumdar on Thursday took a group of people, rendered homeless due to the recent riots in Murshidabad, to the Raj Bhawan, where they narrated their ordeal to Governor C V Ananda Bose.

CAL24 WB-MAMATA-GUV-MURSHIDABAD

Mamata urges Guv to defer visit to riot-hit Murshidabad amid efforts to restore normalcy Kolkata: West Bengal Chief Minister Mamata Banerjee on Wednesday urged Governor C V Ananda Bose to defer his proposed visit to violence-hit Murshidabad district, stating that the situation was gradually returning to normal and confidence-building measures were underway.

CAL23 WB-MAMATA-TEACHERS

'Sense of relief': Mamata welcomes SC order extending services of untainted terminated teachers Kolkata: West Bengal Chief Minister Mamata Banerjee on Thursday welcomed the Supreme Court's order extending the services of untainted teachers whose appointments were earlier terminated, stating that there was now a "sense of relief".

CAL22 OD-TURTLE

Tagged in Odisha, Olive Ridley Turtle swims 3,600 km in 4 years, reaches Maharashtra beach Kendrapara: Tagged at Gahirmatha Marine Sanctuary on Odisha coast around four years ago, an Olive Ridley Turtle swam around 3,600 km through the Bay of Bengal before being spotted at a Maharashtra beach, a senior Zoological Survey of India (ZSI) scientist said.

MDS4 TN-AIADMK-COALITION GOVT (R)

No place for coalition govt in TN, says AIADMK leader Chennai: There was no place for a coalition government in Tamil Nadu and AIADMK chief Edappadi K Palaniswami will form a government "alone" in the state after the 2026 Assembly polls should the NDA win, senior party leader M Thambidurai said on Thursday.

LEGAL LGD30 SC-LD WAQF ACT

Waqf case: Centre says won't denotify properties, SC grants it 7 days to reply to pleas New Delhi: The Supreme Court on Thursday recorded the Centre's assurance that neither waqf properties, including "waqf by user", will be denotified nor appointments will be made to the central waqf council and boards till May 5.

BOM21 MH-HC-FADNAVIS-SUMMONS

HC issues summons to CM Fadnavis in petition challenging his 2024 assembly poll win Nagpur: The Nagpur bench of Bombay High Court on Thursday issued summons (notice) to Maharashtra Chief Minister Devendra Fadnavis in a poll petition challenging his 2024 win from the Nagpur South West assembly seat.

CAL12 WB-HC-MURSHIDABAD

Situation under control in violence-hit Murshidabad: Bengal govt to Cal HC Kolkata: The West Bengal government on Thursday submitted a report before the Calcutta High Court and claimed that the law and order situation in violence-hit Murshidabad district was under control.

BUSINESS DEL44 BIZ-SITHARAMAN-BSE

India to navigate global disruptions with policy agility, long-term investments: Sitharaman Mumbai: Finance Minister Nirmala Sitharaman on Thursday said the rise of protectionist policies has the potential to disrupt global supply chains but India will navigate the global disruptions with policy agility and long-term investments.

FOREIGN FGN33 US-TRUMP-LD HARVARD

Submit disciplinary records or lose eligibility to enrol foreign students: Trump admin warns Harvard New York: The Donald Trump administration has threatened to revoke Harvard University’s eligibility to enrol international students if it doesn’t submit detailed records of its foreign student’s “illegal and violent activities”. By Yoshita Singh

FGN25 RUSSIA-HAMAS-HOSTAGES

Putin thanks Hamas for release of Russian hostages Moscow: President Vladimir Putin has thanked Palestinian group Hamas for releasing three Russian hostages captivated during the October 2023 attack on Israel. By Vinay Shukla

FGN26 BANGLA-PAK-TALKS

Bangladesh, Pakistan hold Foreign Office Consultation after 15 years Dhaka: Bangladesh and Pakistan on Thursday held a foreign secretary-level Foreign Office Consultation here after a gap of nearly 15 years and discussed the entire range of bilateral issues focusing on trade ties.

FES27 UK-GOLCONDA-DIAMOND

Rare ‘Golconda Blue’ diamond with royal connections to be auctioned in Geneva London: rare ‘Golconda Blue’ diamond with its rich royal history tracing back to the Holkar dynasty is set for a “once in a lifetime” grand appearance on the auction circuit as it goes under the hammer in Christie’s ‘Magnificent Jewels’ sale in Geneva next month. By Aditi Khanna

FGN31 UK-INDIA-DEFENCE

India-UK Defence Consultative Group reviews ties, agree to enhance collaboration London: A review of defence ties, with a particular focus on enhancing defence industry collaboration and boosting the 'Make in India' initiative, were on the agenda of the 24th India-UK Defence Consultative Group discussions here this week. By Aditi Khanna

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