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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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Red Fort blast: Initial probe indicates 'accidental' detonation of explosives

November 11, 2025

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New Delhi, Nov 11 (PTI) Findings of the initial probe into the blast near the Red Fort suggest it may have been "accidentally triggered" while a hastily assembled explosive device was being transported, following the busting of an inter-state terror module, officials said on Tuesday.

Investigators have zeroed in on a Pulwama-based doctor, Umar Nabi, who was driving the car used in the explosion that claimed 12 lives, and had alleged links to the terror module busted with the recovery of explosives mainly from neighbouring Faridabad in Haryana.

On Tuesday, the Jammu and Kashmir Police took a DNA sample from Nabi's mother to establish the relation.

"The suspect was likely spooked after the raid in Faridabad which forced him to relocate hastily, increasing the chance of a mishap. The incident appears to have shifted from a suspected suicide attack to an unintended explosion during transport," a senior police officer said.

However, police are probing all angles, including suicide bomber attack, sources said.

The officer said that intelligence teams' first assessment suggests the improvised explosive device (IED) was assembled incorrectly, which limited its destructive effect.

"The bomb was premature and not fully developed, thus limiting the impact. The explosion did not create a crater and no shrapnel or projectiles were found," he added.

The Red Fort blast on a busy Monday evening came hours after eight people, including three doctors, were arrested and 2,900 kg of explosives seized with the uncovering of a "white collar" terror module involving the Jaish-e-Mohammed and Ansar Ghazwat-ul-Hind and spanning Kashmir, Haryana and Uttar Pradesh.

Meanwhile, the Delhi Forensic Science Laboratory has collected 40 samples from the blast site, which include mangled remains of the vehicle and human body parts, and these will be analysed for chemical traces. The laboratory has constituted a special team for analysis of samples, sources said.

The Delhi Police's FIR called the explosion "a bomb blast" as it invoked sections pertaining to conspiracy and punishment for a terror attack under the Unlawful Activities (Prevention) Act, officials said.

Initially, it was claimed that three people were in the car during the blast. However, it is now clear that only Nabi, who was on the run after the busting of the terror module, was driving the i20 car when the blast took place.

According to the police's investigation, it has also emerged that Nabi waited in the Sunehri Masjid parking lot for nearly three hours while searching on the internet about updates regarding his associates' arrest in Faridabad. The investigators have managed to establish an 11-hour trail of Nabi's vehicle.

He proceeded on Chhata Rail Chowk road near the Red Fort, then took a U-turn. The blast took place a few metres before the Red Fort police post, according to officials privy to the probe.

The car passed through multiple owners before being repurchased by Nabi on October 29. Its pollution under control (PUC) certificate was updated on the same day.

The multiple ownership of the car creates suspicion that this was part of the well-planned conspiracy.

The blast probe has been handed over to the National Investigation Agency (NIA), a decision taken after a review meeting chaired by Union Home Minister Amit Shah.

Among those arrested on Monday were Dr Muzammil Ganaie and Dr Shaheen Sayeed, both connected to the Al-Falah University in Faridabad, from where 360 kg of ammonium nitrate was recovered.

According to investigators, Shaheen was leading the Jaish-e-Mohammed's women recruitment wing in India. She headed the Jamaat-ul-Mominat, the group's female wing.

Nabi, whose name has emerged as the main Delhi blast suspect, hailed from Lethpora in south Kashmir's Pulwama district and was allegedly carrying explosives, possibly ammonium nitrate, in the car, they said.

A Delhi Police team visited the Al-Falah University in Faridabad and detained five to six people for questioning.

Police sources said the teams are checking CCTV cameras of the university to know more about the activities of the accused in the days leading up to the busting of the module.

Even as the police probe widened in the matter, an unsettling silence prevailed in the area near the Red Fort as police and FSL teams still remained at work in collecting evidence and remains of bodies from the blast site and its vicinity.

According to the FIR, the impact of the blast was such that the car was propelled several feet above the ground and the wall and the roof of the police chowki was damaged. Some body parts were even found in the car.

While no terror organisation has claimed responsibility behind the attack, investigators suspect the involvement of Jaish-e-Mohammed behind it even though they are also probing the involvement of other terror outfits.

Preliminary findings suggest ammonium nitrate, fuel oil and detonators may have been used in the blast that ripped through the slow moving car near a traffic signal.

As investigations into the blast and the terror module continue, officials said a man named Tariq from south Kashmir's Pulwama district had given the i20 car to Nabi, and is now under arrest.

Teams from Delhi Police, NIA and intelligence agencies have fanned out across Delhi and Kashmir. Four people have been detained in the raids in Kashmir. Of the four, two have been shifted for joint interrogation for their role in the Delhi blast as well as the inter-state terror module.

Several raids were also conducted at multiple locations in Delhi. The national capital has been placed on high alert with strict vigil being maintained at the airport, railway stations and bus terminals.

Hours before the blast, a social media post, titled 'Is something going on in Delhi?', was shared on Reddit. The user claimed that he noticed an unusually large presence of police and army personnel while crossing the area earlier that day.

Following the blast, security across the national capital has been intensified.

All vehicles entering Delhi, whether private or commercial, were being thoroughly checked and verified as part of heightened security measures, officials said.

An overnight search operation was conducted at hotels and guest houses in Daryaganj and Paharganj areas to trace possible suspects.

The Red Fort metro station has been closed for commuters and traffic restrictions imposed in the area.

Of 12 people who died in the blast, seven have been identified till now. One mutilated body was recovered from the mangled remains of the car, officials said. PTI BM SSJ SGV NSM SHB SLB VIT BUN KVK KVK

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