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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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All-party delegations meet leaders and diplomats from several countries to galvanize international action against terrorists

May 30, 2025

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Bogota/Copenhagen/Jakarta, May 30 (PTI) All-party parliamentary delegations on Friday met leaders and diplomats from several countries to galvanize international action against terrorists and decisively counter the tactics of those who perpetrate, support and sponsor cross-border terror activities against India.

In Bogota, Congress MP Shashi Tharoor, leading an all-party delegation, elaborated India's position on terrorism and voiced his disappointment over Colombia offering condolences for the loss of lives in Pakistan following Indian strikes in response to the Pahalgam terror attack.

Tharoor "reaffirmed India's stance on terrorism and expressed disappointment over Colombia's response which has offered condolences for the loss of lives in Pakistan, rather than sympathizing with the victims of terrorism in India," said BJP MP Tejasvi Surya, who is part of the nine-member delegation.

"There can be no equivalence between those who attack and those who defend," he said in a social media post.

Surya said India, under the leadership of Prime Minister Narendra Modi will continue to deliver strong responses to terrorism.

The delegation met Colombia's Vice Foreign Minister Rosa Yolanda Villavicencio and conveyed India's firm policy of zero tolerance towards terrorism and its proactive approach to counter cross-border threats.

"The Colombian side responded positively," the Embassy of India in Colombia said in a post on X.

The delegation also called on former president Cesar Gaviria, the head of the Liberal Party - the largest single party in the Colombian Assembly - at his residence on Bogota. "He was strongly supportive of India's fight against terrorism and undertook to say so publicly as well," Tharoor said in a post on X.

In Latvia, the all-party delegation led by DMK MP Kanimozhi Karunanidhi arrived on Thursday to convey India's resolute and proactive policy of zero tolerance towards terrorism. On Friday, Ambassador Namrata S. Kumar briefed the delegation on India-Latvia relations and Latvia’s role in the Baltics, the European Union, and the United Nations, the Indian Embassy in Riga said.

The delegation, which arrived in Riga from Greece, will meet members of the parliament of the Republic of Latvia 'Saeima', high officials of the Ministry of Foreign Affairs, think tanks, academia and other stakeholders, the embassy said in a statement.

In Copenhagen, the delegation led by BJP MP Ravi Shankar Prasad on Friday met the Chairman of the Foreign Policy Committee of Danish Parliament Christian Friis Bach and member Trine Pertou Mach.

"During our discussion, we briefed the Danish representatives on the horrific Pahalgam terrorist attack and India's decisive response through Operation Sindoor, emphasizing that those responsible for terrorism will be held accountable. We all welcomed Denmark's unequivocal condemnation of terrorism, valuing the country's strong stance against this global threat," Prasad said in a post on X.

In Sierra Leone, the delegation led by Shiv Sena MP Shrikant Eknath Shinde interacted with foreign diplomats to galvanize international action against terrorists and decisively counter the tactics of those who perpetrate, support and sponsor cross border terror activities against India, the High Commission of India in Freetown posted on X.

"Whatever India is going through, it is not just your problem, it is our problem too...though not permanent we are members of UN Security Council..," Deputy Leader of the Opposition Daniel Brima Koroma told the Indian delegation during their meeting, according to the Indian mission.

In Riyadh, the all-party Indian delegation, led by BJP MP Baijayant Jay Panda, concluded a “productive” visit to Saudi Arabia, reasserting India's zero-tolerance and ‘New Normal’ approach to terrorism during its interaction with a range of political and diplomatic leadership.

“The visit reaffirmed the shared commitment of India-Saudi Arabia in the fight against terrorism,” said a post on X by the Indian Embassy in Riyadh.

“We have very clearly conveyed India's position and the threat that we have faced from cross-border terrorism. India has a deep relationship with Saudi Arabia... Stands taken on terrorism are the same,” Panda told PTI Videos.

The delegation later left Riyadh for Algiers, where members will highlight India's decisive and resolute stance on terrorism, particularly its fight against Pakistan-sponsored terrorism.

"Taking Bharat’s message to the world! A warm welcome to all-party delegation of Members of Parliament led by Baijayant Jay Panda, upon their arrival in #Algiers today afternoon," the Indian mission in Algiers posted on X.

Ambassador Swati V Kulkarni received the delegation at the airport along with Mourad Heraki, Director (Ceremonial) and Zineddine Goufi, Deputy Director (Asia Oceania), Ministry of Foreign Affairs, National Community Abroad and African Affairs of Algeria, it added.

In South Africa, the delegation led by NCP MP Supriya Sule met with the leaders of the African National Congress (ANC) and informed them about India’s new resolve to respond to any incident of cross-border terrorism without drawing distinction between terrorists, their organizations or their state sponsors.

The ANC reaffirmed its commitment to standing in solidarity with the people of India, emphasising that terrorism must be condemned in all its forms, the High Commission of India in Pretoria said in a statement on Friday.

The delegation on Friday left for Ethiopia, carrying forth to the world India's strong message on zero-tolerance against terrorism.

In Jakarta, the all-party delegation, led by JD(U) MP Sanjay Kumar Jha met with KH Ulil Abshar Abdalla, Chairman of the Nahdlatul Ulama Executive Board (PBNU), and Kholili Kholil, Committee Member of NU, the world's largest Islamic organisation and sought their unwavering support against violence and religious extremism.

"As peace-loving countries with the largest Muslim populations with shared values of Unity in Diversity or “Binneka Tunggal Ika” practised as state policy as well as in daily lives, the leader of the delegation urged NU leaders to support India and condemn cross border terrorism to give a strong message to the world," the Indian Embassy in Jakarta said on X.

"Condemning terrorism and the attack on innocent civilians, KH Ulil said he felt the pain of India & called for India and Indonesia to walk hand in hand to promote peace, economic development," it said.

On Thursday, the delegation met with National Mandate Party (PAN) leaders who categorically stated that “religion and race cannot serve as a basis for exporting terrorism.” Tensions between India and Pakistan escalated after the Pahalgam terror attack, with India carrying out precision strikes on terror infrastructure in Pakistan and Pakistan-occupied Kashmir in the early hours of May 7.

Pakistan attempted to attack Indian military bases on May 8, 9, and 10. The Indian side responded strongly to the Pakistani actions.

The on-ground hostilities ended with an understanding of stopping the military actions following talks between the directors general of military operations of both sides on May 10. PTI NSA/NPK ZH ZH

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