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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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Authorities say about 200 immigrants arrested in raids on 2 Southern California farms

July 12, 2025

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Camarillo (US), Jul 12 (AP) Federal immigration authorities said Friday they arrested about 200 immigrants suspected of being in the country illegally in raids a day earlier on two California cannabis farm sites. Protesters engaged in a tense standoff with authorities during an operation at one of the farms.

The Department of Homeland Security said in a statement that authorities executed criminal search warrants in Carpinteria and Camarillo, California, on Thursday. They arrested immigrants suspected of being in the country illegally, and there were also at least 10 immigrant children on site, the statement said.

Four U.S. citizens were arrested for “assaulting or resisting officers,” the department said. Authorities were offering a $50,000 reward for information leading to the arrest of one person suspected of firing a gun at federal agents. One worker who called family to say he was hiding from authorities was on life support after falling and suffering significant injuries.

During the raid, crowds of people gathered outside Glass House Farms in Camarillo to seek information about their relatives and protest immigration enforcement. Authorities clad in military-style helmets and uniforms faced off with the demonstrators. Acrid green and white billowing smoke then forced community members to retreat.

Glass House, a licensed California cannabis grower, said in a statement that immigration agents had valid warrants. The company said workers were detained, and it is helping provide them with legal representation. The farm also grows tomatoes and cucumbers.

“Glass House has never knowingly violated applicable hiring practices and does not and has never employed minors,” the statement said.

It is legal to grow and sell cannabis in California with proper licensing.

The state's Department of Cannabis Control said they “observed no minors on the premises” during a site visit to the farm in May 2025. After receiving another complaint, the department opened an active investigation, according to a department spokesperson.

Worker gravely injured At least 12 people were injured during the raid and protest, said Andrew Dowd, a spokesperson for the Ventura County Fire Department. Eight were taken to St. John's Regional Medical Center and the Ventura County Medical Center, and four were treated at the scene and released. Dowd said he did not have information on the extent of the injuries of those hospitalized.

On Friday, about two dozen people waited outside the farm to retrieve the cars of loved ones and speak to managers. Relatives of Jaime Alanis, who has picked tomatoes at the farm for 10 years, said he called his wife in Mexico during the raid to tell her immigration agents had arrived and that he was hiding with others inside the farm.

“The next thing we heard was that he was in the hospital with broken hands, ribs and a broken neck,” Juan Duran, Alanis' brother-in-law, said in Spanish.

It was not immediately clear how Alanis was injured. A doctor at Ventura County Medical Center told the family that those who brought Alanis to the hospital said he had fallen from the roof of a building.

Alanis had a broken neck, fractured skull and a rupture in an artery that pumps blood to the brain, said his niece Yesenia, who didn't want to share her last name for fear of reprisal. He is on life support, she said.

“They told us he won't make it and to say goodbye,” Yesenia said, crying.

The hospital did not immediately respond to requests for comment.

Confrontation with authorities Relatives and advocates headed to the farm about 50 miles (80 kilometers) northwest of downtown Los Angeles to try to find out what was going on, and began protesting outside.

Federal authorities formed a line blocking the road leading through farm fields to the company's greenhouses. Protesters were seen shouting at agents wearing camouflage gear, helmets and gas masks. The billowing smoke drove protesters to retreat. It wasn't clear why authorities threw the canisters or if they released chemicals such as tear gas.

Ventura County fire authorities responding to a 911 call of people having trouble breathing said three people were taken to nearby hospitals.

At the farm, agents arrested workers and removed them by bus. Others, including U.S. citizens, were detained at the site for hours while agents investigated.

The incident came as federal immigration agents have ramped up arrests in Southern California at car washes, farms and Home Depot parking lots, stoking widespread fear among immigrant communities.

Federal investigations The Department of Homeland Security said in a statement Friday that the investigation into immigration and potential child labor violations at the farm is ongoing. No further details of the allegations were provided.

The agency said hundreds of demonstrators attempted to disrupt the operations, leading to the arrest of four Americans.

“We will prosecute to the fullest extent of the law anyone who assaults or doxes federal law enforcement,” Assistant Secretary Tricia McLaughlin said in a statement.

Immigration and Customs Enforcement and Customs and Border Protection were both part of the operation, the statement said.

Family members search for answers The mother of an American worker said her son was held at the worksite for 11 hours and told her agents took workers' cellphones to prevent them from calling family or filming and forced them to erase cellphone video of agents at the site.

The woman said her son told her agents marked the men's hands with ink to distinguish their immigration status. She spoke to The Associated Press on condition of anonymity because she feared reprisals from the government.

United Farm Workers said in statement that some U.S. citizens are not yet accounted for.

Maria Servin, 68, said her son has worked at the farm for 18 years and was helping to build a greenhouse. She said she spoke to her son, who is undocumented, after hearing of the raid and offered to pick him up.

“He said not to come because they were surrounded and there was even a helicopter. That was the last time I spoke to him,” Servin, a U.S. citizen, said in Spanish.

She said she went to the farm anyway but federal agents were shooting tear gas and rubber bullets and she decided it was not safe to stay. She and her daughter returned to the farm Friday and were told her son had been arrested Thursday. They still don't know where he is being held.

“I regret 1,000 times that I didn't help him get his documents,” Servin said. (AP) NB NB

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