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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
Show AI Summary
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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Federal judge temporarily blocks Trump administration from sending National Guard troops to Oregon

October 6, 2025

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Washington, Oct 6 (AP) A federal judge on Sunday temporarily blocked the Trump administration from deploying any National Guard units to Oregon, including the California National Guard.

California and Oregon sought the temporary restraining order after the president sent guard members from California to Oregon earlier in the day.

On Saturday, the same judge temporarily blocked the administration from deploying Oregon National Guard troops to Portland.

A Pentagon spokesperson said in a statement that about 200 federalised members of the California National Guard who had been on duty around Los Angeles were being reassigned to Portland. Oregon Governor Tina Kotek said about 100 arrived Saturday and around 100 more were en route Sunday.

Kotek said there had been no formal communication with the federal government about the deployment.

The two states originally requested a narrower order that would have blocked only California National Guard troops from being sent to Oregon, but asked for the order to apply to all National Guard troops after a memo written by Defense Secretary Pete Hegseth was submitted to the court that said up to 400 Texas National Guard personnel were being activated for deployment to Oregon, Illinois and possibly elsewhere.

Texas Governor Greg Abbott said in a post on X Sunday night that he had authorised the call-up. “You can either fully enforce protection for federal employees or get out of the way and let Texas Guard do it,” he wrote.

The events in Oregon come a day after Illinois' governor made a similar announcement about troops in his state being activated.

Kotek said the latest move by federal officials is an attempt to circumvent Saturday's court ruling that blocked deployment of Oregon's guard members.

“The facts on the ground in Oregon haven't changed,” Kotek said during a news conference Sunday. “There's no need for military intervention in Oregon. There's no insurrection in Portland, there's no threat to national security.” Oregon and California go back to court Oregon Attorney General Dan Rayfield said his state, along with the city of Portland and California, was seeking an amended temporary restraining order against the deployment of any National Guard troops.

“What was unlawful yesterday is unlawful today,” Rayfield said. “The judge's order was not some minor procedural point for the president to work around, like my 14-year-old does when he doesn't like my answers.” Rayfield added that Oregon "will absolutely not be a party to the president's attempt to normalise the use of the United States military in our American cities.” Newsom, a Democrat, said in a statement that California personnel were on their way Sunday and called the deployment “a breathtaking abuse of the law and power.” He said these troops were “federalised” and put under the president's control months ago over his objections, in response to unrest in Los Angeles.

“The commander-in-chief is using the US military as a political weapon against American citizens,” Newsom said.

California also joined Oregon's lawsuit challenging the Trump administration's deployment of National Guard personnel to Portland as unlawful and unnecessary overreach.

Three hundred California National Guard personnel deployed in southern California had already been federalised until early November, and leaders of the California Military Department had learned that all 300 of those “will be imminently deployed to Portland,” according to the amended complaint filed Sunday.

Trump deployed California National Guard troops to Los Angeles in June to enforce immigration law and has no legal grounds to redeploy them to Oregon for another purpose, Sunday's court filing stated.

“They cannot continue to hold the federalised National Guard members hostage by altering their mission and sending them to another State,” the filing said.

The lawsuit notes that the president has the authority to deploy National Guard troops under very specific circumstances: repelling an invasion, suppressing a rebellion or enforcing federal laws.

“There is no rebellion in Portland,” the filing said.

In a related court filing, an attorney in the California Military Department said the US Army Northern Command advised the department on Sunday that an order will be issued keeping the 300 guard personnel federalised through the end of January.

Portland's protests are confined to one city block The US Immigration and Customs Enforcement building in Portland has recently been the site of nightly protests. A Trump-appointed federal judge in Oregon on Saturday temporarily blocked the Trump administration's plan to deploy the Oregon National Guard in Portland to protect federal property amid protests after Trump called the city “war-ravaged.” Oregon officials and Portland residents alike said that description was ludicrous. The protest was relatively small and localised to just one block of the city of 650,000 residents, Kotek said.

US District Judge Karin Immergut, appointed by Trump during his first term, issued the order pending further arguments in a lawsuit brought by the state and city. She said the relatively small protests did not justify the use of federalised forces and allowing the deployment could harm Oregon's state sovereignty.

California Attorney General Rob Bonta said the president is “specifically targeting cities that lean Democratic” or have leaders and residents who speak out against the administration's abuses of power.

“It's our National Guard, California's National Guard, not Trump's Royal Guard, as he seems to think," Bonta said during a Sunday evening news conference. "Trump can't use our military troops as his own personal police force.” Portland Mayor Keith Wilson said Sunday that he saw federal agents engaged in what he described as unjustified use of force and indiscriminately spraying pepper spray and impact munitions during a protest outside the ICE facility.

“This is an aggressive approach trying to inflame the situation that has otherwise been peaceful,” Wilson said.

Portland has alerted the civil rights division of the Department of Justice to the agents' actions, Wilson said.

Troops also deployed to Illinois Trump has characterised both Portland and Chicago as cities rife with crime and unrest. Since the start of his second term, he has sent or talked about sending troops to 10 cities.

Trump authorised the deployment of 300 Illinois National Guard troops to protect federal officers and assets in Chicago on Saturday.

Illinois Gov. JB Pritzker's office said the situation in Chicago "does not require the use of the military and, as a result, the Governor opposes the deployment of the national guard under any status.” Pritzker didn't receive any calls from federal officials about the deployment, his office said. (AP) SKY SKY

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