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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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If Pak not able to take action against terrorism, India can help: Rajnath in Rajya Sabha

July 29, 2025

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New Delhi, Jul 29 (PTI) Defence Minister Rajnath Singh on Tuesday said if Pakistan cannot take action against terrorism on its soil, India is ready to help it as Indian forces are capable of fighting terror on the other side of the border as well.

Initiating a special discussion on Operation Sindoor in Rajya Sabha, Singh said three terrorists involved in the Pahalgam attack have been eliminated by Indian forces.

He further said that Operation Sindoor -“ India's response to the Pahalgam attack - has been halted, and can be resumed anytime if Pakistan indulges in terror activities in India again.

"India wants terrorism to end in the whole world, including Pakistan... I had advised Pakistan earlier as well, and today I want to say again, that if you are unable to take effective action against terrorism, take India's help. India's forces are capable of taking effective action against terrorism this side of the border, as well as on the other side. Pakistan has already witnessed this during Operation Sindoor," he said.

"If Pakistan commits any terror incidents in future, we will relaunch Operation Sindoor without hesitation," he said.

Singh stressed that our vision is that Operation Sindoor should carry on continuously. "There can be a comma but no full stop." While expressing surprise over questions raised by some opposition leaders over getting back Pakistan Occupied Kashmir, he said, "I am surprised at this demand, because when they were in power they did just the opposite." "It has always been the stand of the Bharatiya Janata Party that the day is not far when the people of Pak-occupied Kashmir will have the privilege of becoming a part of the Indian governance system," he said.

Targeting the opposition, Singh said, "Some people think that since Pakistan has nuclear weapons, we should only negotiate with them. Because of this nuclear bluff, we have lost countless civilians. Our vision is that we will give a befitting reply." The defence minister stressed that no religious, ideological, or political reason can justify terrorism.

He also congratulated the security forces for killing three terrorists involved in the April 22 Pahalgam attack in which 26 people were killed.

He said Home Minister Amit Shah has provided in Lok Sabha details of the joint operation by the forces.

Singh said post-Pahalgam, Prime Minister Narendra Modi held a meeting with the service chiefs, and gave them free hand to use their wisdom, strategic understanding and regional security situation to decide on the response.

He said the military leadership also showed maturity, and added that Operation Sindoor was aimed at giving a clear message that India will take strong action and go to any extent against terror.

"Our action was in self-defence, it was not expansionist...," Singh said.

He said Operation Sindoor displays India's new policy against terrorism, and ends the perception that India is a "soft state".

"Op Sindoor was not just a military operation, it was a display of our policy against terror. On April 22, the cowardly Pahalgam attack happened. They asked people their religion before killing them. This was an incident which showed that cross border terror was trying to disintegrate India," Singh said.

"The aim was to destroy terror infrastructure and the message of zero tolerance for terror. The politico-military objective was to punish Pakistan for the proxy war it is fighting in the form of terrorism," he said.

"We are redefining our identity, Operation Sindoor is an example. Terrorists had thought India was a soft state... Operation Sindoor is a game changer. We have ensured terrorism becomes a misadventure for Pakistan," he said.

Singh said for the future, the importance of the operation is that "the Indian citizen is no more a vulnerable citizen of a soft state, they are proud citizens of a strong India".

Slamming the opposition, he said if it felt the government did not take proper action, it should come up with an alternative policy.

"When the sindoor of our mothers and sisters was wiped away, should we engage in diplomatic talks with Pakistan? Should we hand over dossiers to Pakistan? Should we go to international organizations and just talk? When our opposition colleagues were in power, whenever there were terrorist attacks, they used to take such steps," he said.

Singh said Pakistan's Director General of Military Operations (DGMO) urged India to stop the hostilities, and India accepted it on the condition that the operation would be suspended, not terminated.

"If Pakistan commits any terror incidents in future, we will relaunch Operation Sindoor without hesitation," he asserted.

He said the forces achieved the goals set under the operation.

Singh appealed to the international community to stop fundings for Pakistan, stating that a major portion goes into funding terror activities.

"It is essential to expose countries that fund and provide shelter to terrorism in front of the world today. A large portion of the money or economic aid that Pakistan receives is spent on the factory of terrorism," he said.

He also slammed the United Nations over Pakistan's appointment to the key counter-terrorism committee.

"The United Nations Security Council has appointed Pakistan as the Vice-Chair of the Counter-Terrorism Panel. The surprising thing is that this Counter-Terrorism Panel was formed after the 9/11 attacks. It is also no secret that Pakistan gave shelter to the mastermind of that attack," he said.

"We have always observed that countries like Pakistan have consistently supported terrorism. What a contradiction it is that both India and Pakistan gained independence at the same time, but today, while India is recognised worldwide as the Mother of Democracy, Pakistan has emerged as the Father of Global Terrorism," he said.

Singh also India today is not only defending its borders but is also building a system that is making us stronger from strategic, economic, and technological perspectives.

"Earlier, we were entirely dependent on foreign countries for defense equipment, but today I can proudly say that India is rapidly becoming self-reliant in the field of defense," he said.

"You will be pleased to know that India's defense export has increased approximately 35 times compared to 2014. In the year 2013-14, defense exports from India were only 686 crore, which have now risen to 23,622 crore in 2024-25," he said. PTI AO MJH NKD SKC ZMN

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