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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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Women who are left behind: Another side of Assam floods

May 11, 2025

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Dhemaji (Assam), May 11 (PTI) "Will our house still be standing when we return some day? What about the land?" Lakhisekhi Bara's ears ring with these questions from her husband every day. Questions to which she has no answer.

Bara (52) moved to Assam's Dhemaji from a neighbouring district with her daughter-in-law when the 2023 floods rendered them homeless while the men of the family migrated to Chennai to work as construction labourers.

The two women are among several to have been left behind in the district by the men in their families who moved to other states due to climate-induced income loss.

"We used to work the farmland but agriculture has become unpredictable while daily wage work is not regularly available. It was not possible to run the household with this income. As a result, my husband and our son moved to Chennai two years ago. We moved to Dhemaji because other women from our extended family live here and we can be there for each other in times of need," she tells PTI.

"Whenever my husband calls, he wonders if our land will be safe to resume agriculture some day. What if it is completely washed away? That is our only asset," she says.

Among the country's 250 most backward districts, Dhemaji is severely flood-prone. Official estimates suggest more than 23 lakh people in 28 districts of Assam in India's northeast have been affected by floods.

The unpredictable Brahmaputra river -- originating in the Tibetan Plateau and flowing through Arunachal Pradesh and Assam before emptying into the Bay of Bengal -- shapes the state's flood landscape.

During a visit to Bara's village, this PTI correspondent could barely spot a working-age man. Most of the men still left in the village were either senior citizens or children.

Roopa Baruah (32) lives in a 'chang ghar' -- a temporary home built on bamboo stilts -- with her two children, aged four and six, while their pucca house built under the Pradhan Mantri Awas Yojna lies abandoned.

Her husband works in a Bengaluru rubber factory and hasn't been back for two years.

"The pucca house is located in a far-flung spot in the village. If it gets submerged, I cannot rush out on my own with the children. So I live in a 'chang ghar' here with other women nearby. Sometimes, if my children are ill, it is easier to get help here," she tells PTI.

"My husband sends money. He asks if we will be able to live together in our house some day. The children miss their father but what can we do when there are no income sources here? If we also migrate, it will be expensive and our house here may be gone forever," she says.

The majority of Dhemaji's residents live in 'chang ghars', with their livestock kept below. During floods, however, the animals have to be accommodated inside to save them from being washed away.

When living at home becomes perilous, they move away from the embankment and return after the waters recede.

A working-age man, Bokul moved back to Dhemaji four months ago after losing an arm in a factory accident in Kerala. He now lives with the women of the family.

"Most of the men have left the village to make a living in other states. It is mostly the elderly or those with disabilities, like me, who live here since we cannot go out to earn. I help my wife and my brother's wife, who lives here with her three-year-old son. Nobody wants to migrate but there is no choice," the 26-year-old says.

Rebuilding homes, collecting firewood, fishing, stitching and weaving for pittances, besides helping children and livestock adjust to a new place as floods render them homeless every year are among the changing roles women in the district perform due to the migration of men that has increased their vulnerability and workload.

Indian Institute of Technology (IIT), Guwahati, researchers studying the climate-induced migration from the district believe Dhemaji serves as a compelling case due to its extreme vulnerability to environmental changes, particularly flooding.

The study is being funded by the Indian Institute for Human Settlements and Population Council.

According to IIT, Guwahati, professor Anamika Baruah, who is leading the study, recurrent floods lead to displacement, erosion, prolonged waterlogging and the destruction of livelihood -- especially agriculture, the district's economic backbone.

"Climate change further intensifies these challenges, increasing the frequency and the severity of floods, resulting in both seasonal and permanent displacement. Beyond the environmental impact, the socio-economic consequences in Dhemaji are substantial," she says.

Debarchana Biswas, a postdoctoral scholar at IIT, Guwahati, says most workers from Assam, particularly districts such as Dhemaji, are not happy migrating to other parts of the country despite recognising its economic benefits.

"For many, migration is seen as a positive step toward improving their financial situation but, deep down, leaving behind their families, homes and familiar surroundings is emotionally challenging. Migration, while providing better wages, comes with the emotional and logistical burden of maintaining two households," she says, citing the study.

"This dual responsibility is financially and emotionally draining. Moreover, during emergencies, their inability to quickly return home exacerbates their sense of helplessness," she says.

The 2021 Climate Vulnerability Index ranked Assam as India's most climate-vulnerable state. The expansive Brahmaputra and Barak river basins, Assam's fast-dwindling green cover and northeast India's overall geoecological fragility are a few reasons behind the vulnerability.

Improved plans and programmes are being implemented for disaster risk reduction in hazard-prone areas compared to previous years, says environmental scientist Partha Jyoti Das.

He says, "High-vulnerability groups like women, the elderly and marginalised communities should get more attention in disaster risk reduction policies. Although we have many policies and programmes on paper to address such concerns, the vulnerable people somehow do not get the desired benefit of such interventions to the expected extent -- indicating execution deficit and lack of monitoring of government projects and welfare schemes." Das, who heads the Water, Climate and Hazard division at Aranyak -- a research organisation -- notes outwards migration of youngsters from rural areas is usually considered a useful strategy to cope with the negative impact of climate-induced hazards. The remittances they send back is also crucial for survival and sustenance of their families in a hazard-prone environment.

"However, labour out-migration also has some negative impacts. We have seen wives and girls bearing more burden of family responsibilities such as looking after parents, in-laws and children. The women must also take care of family vocations such as farming, livestock rearing and other such means of income generation," he adds.

Luit Goswami, executive director at Rural Volunteers Centre -- a non-profit working in the region -- says Dhemaji is extremely vulnerable to climate change due to its proximity to the confluence of the Brahmaputra and many of its tributaries.

"However, like most developing regions, climate change issues have received less importance here and efforts are more focused on recovery than creation of adaptive capacity," he says.

"The forced displacement due to climate extremes leads to distress migration, which has largely been accepted as an adaptation strategy by the families and the communities affected," he adds.

The responsibilities of women seem to be soaring they ensure the rights of children such as survival (food and nutrition, health care), development (education) and protection (early marriage, child labour, child-trafficking, drug abuse), he says. "All these lead to physical and mental health deterioration." PTI GJS GJS SZM SZM

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