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    India-New Zealand FTA to Enter into Force from 20 October 2026
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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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Trump has long warned of government 'deep state.' Now in power, he's under pressure to expose it

May 30, 2025

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New York, May 30 (AP) As he crisscrossed the country in 2024, Donald Trump pledged to supporters that voting him back into the presidency would be “our final battle.” “With you at my side, we will demolish the deep state,” he said repeatedly on the campaign trail. “We will liberate our country from these tyrants and villains once and for all.” Four months into his second term, Trump has continued to stoke dark theories involving his predecessors and other powerful politicians and attorneys — most recently raising the spectre of nefarious intent behind former President Joe Biden's use of an autopen to sign papers. The administration has pledged to reopen investigations and has taken steps to declassify certain documents, including releasing more than 63,000 pages of records related to the assassination of President John F. Kennedy. Yet many of Trump's supporters say it's not enough.

Some who take him at his word are beginning to get restless as they ask why his administration, which holds the keys to chasing down these alleged government secrets, is denying them the evidence and retribution they expected.

His Justice Department has not yet arrested hordes of “deep state” actors as some of his supporters had hoped it would, even as the president has been posting cryptic videos and memes about Democratic politicians.

“People are tired of not knowing,” conservative commentator Damani Felder said on podcaster Tim Pool's show last week. “We actually demand answers and real transparency. It's not that hard to deliver.” A promise to reveal and dismantle the 'deep state' Trump has long promised to dismantle the “deep state” — a supposed secret network of powerful people manipulating government decisions behind the scenes — to build his base of support, said Yotam Ophir, a communications professor at the University at Buffalo.

“He built part of this universe, which at the end of the day is a fictional universe,” he said.

Now that Trump is in power and has stocked loyalists throughout his administration, his supporters expect all to be revealed. Delivering on that is difficult when many of the conspiracies he alleged aren't real, said Joseph Uscinski, a political scientist who studies conspiracy theories at the University of Miami.

To be sure, the president has prioritised retribution in his second administration. He has fired federal workers, installed loyalists in key positions and targeted law firms he disfavours in executive orders. He has ordered the revocation of government security clearances for political rivals and former employees who dissented during his first term.

His Justice Department has fired prosecutors who investigated him and scrutinised career FBI agents who investigated the January 6, 2021, attack on the US Capitol.

Even so, Trump's administration hasn't gone as far as many of his supporters would like. They want to see steps taken against people he has long claimed were involved in sinister plots against him, such as former Secretary of State Hillary Rodham Clinton and former FBI Director James Comey. The administration also hasn't offered proof of the “ egregious crimes ” that Trump claims have corrupted the federal government for years.

Conspiracy theorists focus on Epstein and Trump's assassination attempt Tensions erupted this month when FBI Director Kash Patel and his deputy, Dan Bongino, dismissed two of the unsubstantiated conspiracy theories that have animated Trump's base the most — that financier and sexual abuser Jeffrey Epstein was murdered in a cover-up, and that Trump's attempted assassination in Butler, Pennsylvania, was a government plot.

“You know a suicide when you see one, and that's what that was,” Patel said about Epstein's death in a Fox News interview.

“I have seen the whole file,” Bongino added. “He killed himself.” Conservatives online demanded to see the evidence, pointing to Bongino's past statements as a podcast host, when he suggested the government was hiding information about Epstein.

“No matter who gets elected, you get the same foreign policy, you get the same economic policy, and the Epstein videos remain secret,” right-wing podcaster and former Fox News host Tucker Carlson said on his show.

“They told us for months leading up to the Election that it wasn't suicide," Newsmax host Todd Starnes wrote on X.. “But now they tell us it was suicide.” He added: “Pardon me, but what the heck is going on at DOJ?” Attorney General Pam Bondi said this month that FBI officials were poring through “tens of thousands” of videos related to Epstein and would make more materials public once they took steps to protect the victims.

In the same Fox News interview, Bongino and Patel said they had been briefed on the attempted assassination of Trump during a rally in July and there was no explosive conspiracy to be revealed.

“In some of these cases, the there' you're looking for is not there,” Bongino said.

Scepticism among 'deep state' believers Bongino appeared to try to throw a bone to Trump's base this week when he announced the agency would reopen some prominent cases that have attracted public interest.

He said the FBI would investigate the planting of pipe bombs found near the Democratic and Republican National Committee headquarters in Washington the day of the January 6, 2021, attack, the leak of the Supreme Court's Dobbs v. Jackson draft opinion in 2022 that overturned the constitutional right to abortion and the discovery of cocaine in the White House in 2023.

But it wasn't enough for everyone who weighed in on his X account.

“Anything to detract from the Epstein files,” one user replied to his announcement. “No results,” wrote another.

In an interview Thursday on “Fox & Friends,” Bongino teased that the FBI would soon release video captured outside Epstein's jail cell and materials related to Trump's attempted assassination.

He said he understands the public's demands for transparency but called for patience and noted not all information is the FBI's to declassify. That didn't satisfy everyone who wants answers to the conspiracy theories.

“I am convinced that the deep state can only be defeated by God at this point,” Philip Anderson, a right-wing influencer who participated in the riot at the Capitol, wrote Thursday on X. “Kash Patel, Dan Bongino, and Pam Bondi are completely useless.” Promoting conspiracy theories as a tactic to distract All the while, Trump has continued promoting conspiracy theories on his Truth Social platform and elsewhere.

He shared a video this month about mysterious deaths allegedly being linked to the Clinton family and an image of himself with former President Barack Obama with the text, “ALL ROADS LEAD TO OBAMA, RETRUTH IF YOU WANT MILITARY TRIBUNALS.” Ophir, the University at Buffalo professor, said it's a tactic that distracts Trump's base and helps inoculate him from criticism.

“When something good happens, it's because Trump is great and his agenda is brilliant,” Ophir said. “When something bad happens, it's because of the Obamas or the Clintons or whatever forces are undermining him from within Washington.” Trump this week fueled newer theories, without sharing evidence, that Biden's use of a mechanical device called an autopen during his presidency meant he didn't sign his executive orders willingly or that aides profited from controlling it. He has called for people who operated it to be charged with “TREASON.” The narrative has gained momentum on the right because of allegations that Biden's aides covered up his mental and physical decline. Presidents have used autopens for years to sign certain documents.

“Whoever used it was usurping the power of the Presidency, and it should be very easy to find out who that person (or persons) is,” Trump wrote on Truth Social.

At least one user of his platform was unimpressed and questioned why Trump and his allies, holding all the power, still didn't have any answers.

“IF IT'S EASY,” the commenter posted. “WHY HASN'T YOUR ADMINISTRATION FOUND THESE CRIMINAL'S ALREADY.” (AP) GSP

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