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    India-New Zealand FTA to Enter into Force from 20 October 2026
    Bengaluru customs arrest passengers for smuggling ganja, gold at airport
    Third-country goods routed via New Zealand into India won't get FTA duty benefits
    Govt urges bank employees to refrain from strikes, resolve issues through dialogue
    Ex-Punjab DIG Bhullar case: ED arrests 'middleman' Kirshanu Sharda for corruption
    RBI revises foreign currency deposit inflows under FCNR(B) upward to USD 133 bn
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    Haryana plans Rs 2,295-crore rural infra push
    IPL betting syndicate: ED arrests 'principal bookie' in Guwahati money-laundering case
    ED chargesheets EaseMyTrip promoter Nishant Pitti in Mahadev betting app case
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    Nearly 5 lakh Nagaland voters to receive notices over SIR mapping discrepancies
    India, Canada to hold next round of talks from Oct 5 for proposed trade pact: Goyal
    India's Semiconductor Market Projected to Grow Threefold to USD 200 billion by 2035: EY-IESA Report
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    Supporting PM Modi's call, IIFL Finance's Mayank Sharma believes recycling household gold is the fastest way to cut import bill
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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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Dr. D. Y. Patil Medical College Celebrates 3 Scientists in Stanford Rankings – 2 in Global Top 2% List, 1 in Career-Long Top 2%

September 29, 2025

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Pune, Maharashtra, India (NewsVoir) Dr. D. Y. Patil Medical College, Hospital & Research Centre, Pimpri, Pune, proudly announces that three of its esteemed scientists have earned recognition in Stanford University’s prestigious global rankings of top researchers. Two faculty members, Dr. Sarika Chaturvedi, Senior Scientist and Dr. Sachin Atre, Research Consultant and Adjunct Faculty have been featured in the 2025 Top 2% global scientists list, while Dr. Amitav Banerjee, Professor of Community Medicine, has been recognized in Stanford’s career-long Top 2% global scientists list. This remarkable recognition highlights the institution’s commitment to world-class research and its contributions to global health. Dr. Amitav Banerjee, recognized in Stanford’s career-long Top 2% global scientists list, has a distinguished research career spanning over four decades. His substantial body of work encompasses critical investigations into epidemics, including typhoid, hepatitis, respiratory infections and pneumonia. Many of these pivotal studies were conducted during his tenure with the Indian Armed Forces. His recognition in the Stanford career-long list underscores his sustained excellence in epidemiology, especially in the fields of tribal malaria and viral hepatitis, earning him prestigious awards and recognition. His groundbreaking work on research methodology, population studies and sampling methodologies has garnered maximum citations. Notably, from 2000 to 2004, Dr. Amitav Banerjee, led the Mobile Epidemic Investigation Team at the Indian Armed Forces. After voluntarily transitioning from the armed forces in 2005, he assumed the role of a professor at Dr. D. Y. Patil Medical College. Presently, he serves as the editor of the International Medical Journal of Dr. D. Y. Patil Vidyapeeth, Pune. He is working as Professor Emeritus at Dr. D. Y. Patil Medical College Pune & Editor in Chief of Medical Journal Dr. D. Y. Patil Vidyapeeth & former Academic Editor of PLOS ONE. Among the notable figures recognized in the Stanford list is the accomplished young scientist, Dr. Sarika Chaturvedi, who holds a Ph.D. from the prestigious Karolinska Institute in Sweden. Dr. Sarika's research endeavours are primarily concentrated on public health and traditional medicine. She is mentored by Professor Bhushan Patwardhan, also a senior scientist featured on the Standford list. The majority of her highly cited work stems from her diligent contributions to the public healthcare system, focusing on the assessment of disease burdens and estimates of disease risk factors. Her work delves into identifying populations at risk of diseases and their geographical distribution, historical alterations and future predictions. Dr. Sarika’s recent studies include randomised controlled trials to assess traditional medicine interventions for public health. One of her studies pertains to the effect of 'Government of India's Common Yoga Protocol on brain functions in adults,’. While her another innovative study explored the health benefits of nasal oil instillation published in the Complementary Therapies in Medicine. Additionally, Dr. Sarika is currently serving a a fellow on the Lancet Citizens Commission to Reimagine India's Health System. And works closely with the WHO’s global Traditional Medicine Centre. Dr. Sachin Atre, a medical anthropologist with over two decades of research experience in public health, has also earned a place in the esteemed Stanford list. Dr. Atre received his Ph.D. from the University of Pune and was honored with the prestigious Fulbright-Nehru Postdoc Fellowship at Harvard Medical School in the USA. His significant contributions span research on tuberculosis and drug-resistant tuberculosis, as well as nutrition, diabetes, leprosy and access to medicines. He serves as an invited reviewer for The Lancet and Lancet group of journals and holds the role of an academic editor for PLOS Global Public Health. He has worked for World Health Organization (WHO), as a technical consultant for Global TB Program. Dr. Atre has an impressive portfolio with 80 publications, accumulating over 44,000 citations in SCOPUS. Dr. P. D. Patil, Chancellor of Dr. D. Y. Patil Vidyapeeth (Deemed to be University), Pimpri, Pune said, “We are immensely proud of our scientists. Dr. Amitav Banerjee’s career-long excellence in epidemiology, Dr. Sarika Chaturvedi’s impactful work in public health and indigenous medicine and Dr. Sachin Atre’s globally cited research in tuberculosis and community health reflect the strength of our academic and research ecosystem. Their contributions are inspiring and will motivate future researchers to address critical health issues at both national and global levels.” Dr. Bhagyashree P. Patil, Pro-Chancellor of Dr. D. Y. Patil Vidyapeeth (Deemed to be University), Pimpri, Pune remarked, “The scientists’ contribution reaffirms our institution’s commitment to fostering world-class research, innovation and academic excellence. These achievements inspire both our students and faculty to strive for global impact through knowledge and discovery.” Dr. Yashraj P. Patil, Trustee and Treasure of Dr. D. Y. Patil Vidyapeeth (Deemed to be University), Pimpri, Pune remarked, “Being featured in Stanford’s top 2% list of scientists further validates the world-class research ecosystem we have built over the years. This achievement puts us on the global map and strengthens our commitment to nurturing an environment of academic and scientific excellence.” Dr. Rekha Arcot, Dean, Dr. D. Y. Patil Medical College, Hospital & Research Centre, Pimpri, Pune, expressed her pride in the institution’s accomplishment, stating, “This achievement is a testament to the strong research culture we have built at Dr. D. Y. Patil Medical College. Our institution has always prioritized innovation, research and academic excellence that addresses global health challenges. We are immensely proud of our scientists for bringing this honor to the college.” About Dr. D. Y. Patil Medical College, Hospital and Research Centre, Pune D. Y. Patil Medical College, Hospital &Research Center, Pimpri, Pune follows international benchmarks that are performance-driven as well as patient-centric, strongly backed by evidence-based medical expertise. We are NABH and NABL accredited and have been certified as a Green Hospital by the Association of Healthcare Providers India (AHPI). Additionally, we hold the 12th rank in the National Institutional Ranking Framework (NIRF). The university has been awarded A++ status by the National Assessment and Accreditation Council (NAAC) and is an ISO 2015 certified organization (ISO 9001: 2015). For more information visit medical.dpu.edu.in • Facebook: Dr D. Y Patil Medical College, Hospital and Research Centre • Instagram: dpu.medicalcollege (Disclaimer: The above press release comes to you under an arrangement with Newsvoir and PTI takes no editorial responsibility for the same.). PTI

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