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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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Chennai study finds community-driven model more effective than centralised climate policies

November 16, 2025

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Chennai, Nov 16 (PTI) As global climate deliberations at COP30 in Brazil focus largely on centralised climate policies, a community-led study in Chennai finds that a shift from top-down disaster management to a bottom-up, community-driven resilience model is more beneficial.

The report, titled 'Future Amidst Flooding–Community Experiences and Demands for Flood Resilience in Vyasarpadi, Chennai', was released by the Chennai Climate Action Group (CCAG), Vyasai Thozhargal, and the Youth Climate Resilience Movement, coinciding with COP30.

"Vyasarpadi’s experience proves that without community-led design and local knowledge, climate actions will fail those most at risk," said Sambath, an environmental health researcher with CCAG and one of the authors of the study, in a statement released alongside the report.

Based on a mixed-methods study covering 120 households across Sathyamoorthy Nagar, MGR Nagar, Thebar Nagar, Damodar Nagar, JJR Nagar, and Kudisai Paguthi in Vyasarpadi, the researchers found that 99.2 per cent of residents surveyed had been directly affected by flooding, with floodwaters entering homes to an average depth of 3.4 feet.

The study found that Vyasarpadi, which lies just 7-8 metres above sea level and is hemmed in by the Buckingham Canal, Captain Cotton Canal, and Otteri Nalla, faces heightened flood risk.

This is due to a combination of encroached wetlands, constrained drainage channels, and tidal backwater effects from the Ennore Creek and the Kosasthalai River.

A hydrological assessment cited in the report pointed to extensive fly ash deposition across about 3.51 sq km of Ennore Creek and 1.51 sq km of the Kosasthalai River, an area likened to nearly 492 football fields.

This has constricted the floodplain, dampened natural tidal fluctuations, and created a hydraulic bottleneck for stormwater leaving North Chennai.

Economically, the report described near-universal distress: 95 per cent of households reported losing income during floods, with a median loss of seven workdays and a median monetary loss of around Rs 2,000.

This comes in a context where the median monthly household income is only about Rs 12,000.

Every respondent reported price hikes for essential goods such as milk, food items, candles, and matchboxes during floods, a trend the authors said pushes already precarious families into deeper debt and prolongs recovery long after floodwaters recede.

Among those who experienced property damage, 73.9 per cent reported losing vehicles.

Nearly 23.3 per cent of respondents said they had lost crucial documents, including Aadhaar cards, ration cards, disability certificates, and medical records, which the report warned creates additional bureaucratic barriers to accessing relief schemes and public services.

The study also documented significant health impacts, with 37.5 per cent of participants reporting flood-related illnesses such as fevers and vector-borne diseases.

Several residents also alleged that government relief either did not reach them or was insufficient in quantity and quality.

An 80 per cent female respondent profile in the survey reflected the central role women play in managing households during crises.

Despite the scale of impact, the study uncovered what it termed a "communication breakdown" between the Greater Chennai Corporation and residents.

It noted that none of the 120 participants knew the corporation’s emergency helpline number 1913 or control room contacts, and that awareness of designated medical officers and community kitchen arrangements during disasters was "virtually non-existent." While awareness of general emergency services like police (100) and ambulance (108) was relatively high, only 28.3 per cent of respondents knew the fire and rescue number.

Additionally, only 17.5 per cent knew the electricity emergency contact, pointing to major gaps in preparedness for multi-dimensional flood emergencies.

Meanwhile, 67.5 per cent reported receiving early warnings, mostly via television, suggesting that formal communication systems are not adequately tailored to or co-designed with the community.

The report situates these findings within a wider climate justice context, noting that North Chennai houses key industrial and infrastructure facilities alongside some of the city’s most marginalised communities.

This includes a ward where nearly 68.9 per cent of residents belong to the Scheduled Castes.

A youth representative from the Vyasai Thozhargal–Youth Climate Resilience Movement said the findings were both evidence and a demand, stressing that those living through the floods must guide resilience-building rather than "distant bureaucratic plans".

Among its key recommendations, the report calls for the systematic dissemination of all emergency contact numbers in formats and languages accessible to residents, as well as locally managed early warning systems that combine mobile alerts with community volunteers.

It also urges clear public information on flood-prone streets, drainage pit locations, and nearby relief infrastructure.

Further, it urges the immediate clearing of drainage bottlenecks in the Buckingham Canal network and prioritises the removal and remediation of fly ash deposits in Ennore Creek and the Kosasthalai River.

The authors also recommend economic safety nets, including compensation protocols designed with daily wage earners and systems to protect key livelihood assets like autorickshaws and two-wheelers.

On health and relief, the study suggests appointing community-nominated health liaisons and building community-managed food and essential supply chains for emergencies.

It also recommends maintaining updated vulnerability maps of elderly, disabled, and pregnant residents, and strengthening measures to control vector-borne diseases in the aftermath of floods.

Concluding that there is a "near-total disconnect" between institutional disaster management frameworks and the lived realities of Vyasarpadi residents, the report highlights the shortcomings of top-down approaches.

It argues that only a sustained, bottom-up approach rooted in local experience can build meaningful flood resilience in North Chennai’s most vulnerable neighbourhoods. PTI JR SSK

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