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    DRI busts pan-India gold smuggling network and seizes around 6.6 kg of foreign-origin gold worth more than Rs. 10 crore; 11, including a mastermind, a...
    CBN conducts anti-drug awareness programme for students under Mission Yuva Raksha for Nasha Mukt Bharat in Jaora, Madhya Pradesh
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September 28, 2026
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Courier-based gold smuggling enforcement targets concealed distribution through paper entities and foreign-origin gold consignments nationwide.
Coordinated customs enforcement targeted an organised gold-smuggling network that used courier consignments to distribute foreign-origin gold after cross-border entry. The operation led to seizure of 6.61 kg of gold bars under the Customs Act, 1962, and arrests of eleven associated persons. The network allegedly split gold into small consignments and used paper entities or persons without legitimate gold transactions to conceal distribution through courier channels.
September 28, 2026
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Anti-drug awareness and cultivator outreach combine prevention, direct grievance redressal, and safeguards against illicit narcotics diversion.
Jan Sunwayi programmes provide direct, prompt and accessible grievance redressal for opium cultivators, including name corrections, Namantaran, and eligibility connected with the upcoming Settlement Operation. Cultivators are advised to avoid middlemen or intermediaries and seek clarification or assistance directly. These measures complement anti-drug awareness and preventive outreach aimed at preventing illegal trafficking, diversion and abuse of narcotic drugs and psychotropic substances.
September 28, 2026
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NDPS enforcement targets concealed poppy straw, opium and cannabis trafficking through seizures, arrests, and continuing supply-chain investigation.
Narcotics enforcement operations in Rajasthan led to seizures of poppy straw, opium, hydroponic cannabis, cash, vehicles and a loaded country-made pistol, with four arrests. Poppy straw was recovered from vehicles and premises, including a truck where it was concealed beneath cement bags. Opium and cash were recovered from residential premises, while hydroponic cannabis concealed in an international parcel was recovered at the Foreign Post Office, Jaipur. The seized articles were taken under relevant provisions of the Narcotic Drugs and Psychotropic Substances Act, 1985, and supply-chain investigation continues.
September 28, 2026
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Free trade agreement market access is positioned to expand export opportunities and international investment for local entrepreneurs.
Free Trade Agreement-led market access is positioned to expand international opportunities for entrepreneurs in Uttar Pradesh by supporting exports, investment inflows and access to overseas markets. International trade engagement is supported through direct business access to global markets, buyer-seller meetings and promotion of the State's products, cuisines and services. Export expansion, international investment, tourism and global recognition of State brands form the stated next phase of economic development, supported by coordination between governments and trade and industrial stakeholders.
September 28, 2026
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Multilateral infrastructure cooperation guides annual development bank participation and bilateral engagement on sustainable investment and economic connectivity.
The official visit includes participation, as India's Governor, in the Annual Meeting of the Board of Governors of the Asian Infrastructure Investment Bank, alongside bilateral meetings and engagement with governmental leadership, business leaders and investors. The AIIB focuses on sustainable infrastructure and productive-sector investment in Asia to promote sustainable economic development, wealth creation and infrastructure connectivity.
September 25, 2026
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Reciprocal trade agreement negotiations face tariff and subsidy pressures as both governments pursue lower bilateral trade barriers.
India-US bilateral trade negotiations seek completion of the first-phase Bilateral Trade Agreement through a reciprocal trade arrangement lowering trade barriers and tariffs. Further negotiations are required because of changed US tariff conditions, forced-labour tariffs on Indian goods, a possible investigation into excess industrial capacity and subsidies, and sanctions legislation relating to Russia. Ministerial and bilateral engagements will review progress on the proposed reciprocal arrangement.
September 25, 2026
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Banking strike contingency measures direct customers toward advance transactions and digital channels as branch operations may be disrupted.
Banking-service continuity measures anticipate possible disruption from a three-day employee strike. Customers are advised to complete essential transactions in advance and use ATMs/ADWMs, mobile and internet banking, UPI, business correspondent points and other digital channels. Branch and office operations at participating institutions may be affected, while essential services are to be maintained where possible. Union demands include a five-day banking week, pension improvements and transition options from the National Pension System to the old pension scheme.
September 25, 2026
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Government borrowing calendar: Reduced dated-securities borrowing will use weekly auctions, green bonds, switches and buyback operations.
Second-half dated-security borrowing will be completed through weekly auctions across maturities ranging from 3 years to 50 years, including Sovereign Green Bonds. Switching and buyback operations will continue to smooth the redemption profile, while a greenshoe option may permit retention of additional subscriptions. Treasury Bill borrowing will proceed through 91-day, 182-day and 364-day instruments. Auctions will offer non-competitive bidding for specified retail investors, and flexibility is retained to modify issuance terms or introduce non-standard maturity instruments, floating-rate bonds and inflation-indexed bonds.
September 25, 2026
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Interest-free working capital assistance for FCV tobacco growers supports liquidity, institutional loan repayment, crop inputs, and reduced private borrowing.
A one-time, interest-free working-capital loan of Rs. 50,000 per barn is approved for FCV tobacco growers in Andhra Pradesh under the Interest-Free Working Capital Assistance Scheme. Covering about 44,000 growers, the assistance is proposed to be delivered through direct benefit transfer. It is intended to provide liquidity for household requirements, institutional loan repayment and crop inputs, while reducing dependence on private borrowing.
September 25, 2026
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Government securities auction calendar establishes retail bidding access, flexible issuance terms, greenshoe subscriptions, and periodic debt switch operations.
Each auction carries a non-competitive bidding facility, under which five per cent of the notified amount is reserved for specified retail investors. The Government may modify indicated amounts, issuance periods and maturities, and may issue instruments with non-standard maturities, floating-rate bonds or inflation-indexed bonds, having regard to governmental requirements, market conditions and other relevant factors. It may retain additional subscriptions through a greenshoe option and conduct switch or buyback auctions of dated securities.
September 25, 2026
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Market borrowing plan sets dated securities auctions, Treasury Bill issuance, redemption management, and temporary cash-flow support.
Government market borrowing for the second half of FY 2026-27 is to be raised through weekly auctions of dated securities, including Sovereign Green Bonds, across maturities from 3 to 50 years. Debt-management measures include switching and buyback operations to smooth the redemption profile and a greenshoe option for additional subscriptions. Treasury Bills are to be issued through weekly auctions in 91-day, 182-day and 364-day maturities. The Ways and Means Advances limit is fixed to address temporary mismatches in government accounts.
September 25, 2026
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GI-tagged agricultural exports expand farmer access to international markets through FPO-led value chains and higher price realisation.
APEDA facilitated the export of a one-metric-tonne consignment of GI-tagged Gulbarga Tur Dal from Karnataka to the Maldives through an FPO-led brand. Gulbarga Tur Dal has held GI registration since 2019. The export-linked channel provides farmers a realisation of Rs.82 per kg compared with a prevailing market price of Rs.60 per kg, while supporting closer integration of FPOs and farmers into export-oriented supply chains.
September 25, 2026
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Trader welfare policy discussions covered GST reform, digital commerce, finance access, export promotion, and coordinated institutional support.
Deliberations covered GST rationalisation, refund delays, audit duration, amnesty schemes, input tax credit anomalies and pending appeals, alongside proposed inclusion of traders in MSME facilitation committees, a centralised loan portal with a 30-day timeline, CIBIL score reforms and grievance helplines. Trader welfare measures considered timely contractor payments, safeguards against technical penalties, loan-repayment flexibility during lean periods and stronger Centre-State coordination.
September 25, 2026
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Gold smuggling through powdered gold concealed in food products led to seizure and arrests under customs law.
Intelligence-led interception and baggage examination identified foreign-origin gold converted into fine powder and mixed with packaged food products of similar colour, texture and consistency. Segregation and assaying yielded 9.40 kg foreign-origin gold, which was seized under the Customs Act, 1962. Questioning linked the passengers to the same organised gold-smuggling syndicate, and they were arrested under that Act.
September 25, 2026
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Customs seizure of suspected smuggled areca nuts and restricted poppy seeds followed intelligence-led cross-border enforcement operations.
Intelligence-led customs enforcement in Mizoram and Assam resulted in seizure, under the Customs Act, 1962, of suspected foreign-origin areca nuts and poppy seeds believed on preliminary inquiry to have been smuggled from Myanmar. Searches of locked, unattended godowns near the Indo-Myanmar border recovered the commodities, while interception of two trucks carrying poppy seeds without valid import documents led to seizure of the consignments and vehicles. Four persons connected with transportation of the poppy seeds were arrested.
September 25, 2026
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Industrial control system cybersecurity certification validates system-level protection across wind farm controls, networks, and lifecycle security services.
IEC 62443-3-3 Security Level 2 certification applies to a wind farm control system covering SCADA, PPC, PLC and industrial network devices. It assesses system-level security requirements, including the interaction of components, networks and security mechanisms within an overall industrial control environment. The cybersecurity framework also spans secure development, certified core control components, system-level protection, and security integration and maintenance services across the lifecycle of wind energy technologies.
September 25, 2026
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Foreign exchange reserve composition reflects a weekly decline driven by foreign currency assets despite a modest gold increase.
India's foreign exchange reserves declined by USD 14.881 billion to USD 765.901 billion for the week ended 18 September 2026. The contraction was principally driven by a reduction in foreign currency assets, which also reflect valuation effects from movements in non-US reserve currencies. Gold reserves increased, while Special Drawing Rights decreased and the reserve position with the International Monetary Fund remained reported separately.
September 25, 2026
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Five-day banking proposal remains under consideration amid strike plans and measures for uninterrupted banking and advance disbursements.
Five-day banking remains under governmental consideration, with no Finance Ministry commitment to implementation. Unions linked the proposal to the 12th Bipartite Settlement/9th Joint Note, which contemplated extended Monday-to-Friday working hours. Family pension revision and a pension option for resignees were identified as addressed, while withdrawal of the Performance Linked Incentive scheme remains in abeyance. Public sector banks were instructed to remain open on the preceding Sunday, and central government salaries, wages and pensions were directed to be disbursed in advance.
September 25, 2026
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Alternative fuel transition promotes ethanol, electric and hydrogen mobility to reduce imports, pollution, and strengthen farm income.
Alternative-fuel and public-transport measures seek to reduce dependence on imported petroleum, curb air pollution, and support farmer income and employment. Ethanol is positioned as a farm-income source through increased demand and returns for maize growers, alongside electricity, hydrogen and waste-derived CNG. Development and introduction of flex-fuel vehicles, using engines capable of operating on ethanol, electric tractors, hydrogen-powered vehicles and hydrogen buses form part of a cleaner-mobility strategy.
September 25, 2026
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Foreign-exchange market intervention expectations supported rupee appreciation amid improved risk sentiment, while importer demand and crude prices constrained gains.
Foreign-exchange market conditions supported a 19-paise appreciation of the rupee to 95.80 against the US dollar, aided by improved global risk sentiment and expectations of Reserve Bank intervention. Dollar demand from importers, high crude prices and US dollar strength constrained gains. Lower crude prices and dollar weakness could support the rupee, while geopolitical escalation may create pressure. Market participants expected intervention if the currency weakened toward 96.

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Chile's presidential race headed to tense runoff between communist, hard-right candidates

November 17, 2025

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Santiago, Nov 17 (AP) Chile is headed to a tense presidential runoff after a first-round vote Sunday set up a showdown between a member of the Communist Party and an ultraconservative veteran politician, sharply polarizing the country between the political left and right.

Jeannette Jara, 51, the communist former labour minister and candidate of Chile's center-left governing coalition, claimed more than 26 per cent of valid ballots with more than 80 per cent of the vote counted, failing to pass the 50 per cent threshold to secure victory in the first round.

“This is a great country,” she said from her campaign headquarters in Santiago, Chile's capital. “I want to give everyone who voted for me a warm hug.” José Antonio Kast, 59, a hard-right former lawmaker and devout Catholic opposed to same-sex marriage and abortion, captured more than 24 per cent of the vote, underscoring the resilience of his law-and-order platform as a surge in organised crime rattles one of Latin America's safest nations and foments anti-migrant sentiment among Chileans.

Kast had a tougher message for the country after learning he would advance to the runoff.

“What we need to avoid is the continuation of a very bad government,” he said, thanking Evelyn Matthei, Chile's center-right establishment candidate who landed in a disappointing fifth place, for throwing her support behind him.

“We may have had our differences … but those differences are nothing compared to what we see before us," he said.

Crime, immigration boost the right An admirer of US President Donald Trump and Brazil's former President Jair Bolsonaro, Kast has vowed to deport tens of thousands of undocumented migrants and construct hundreds of kilometers of ditches, barriers and walls along Chile's northern border with Bolivia to prevent people from crossing, particularly from crisis-stricken Venezuela.

“We want change, and that change today is about security,” José Hernández, the 60-year-old owner of an agricultural company said after casting his ballot for Kast. “This stage of my life should be about enjoyment. But I'm home by 9 pm because of fear.” Although voters gave Jara an edge on Sunday, Kast will benefit in the second round from a large share of votes that went to three eliminated right-wing challengers who campaigned aggressively on the need to tackle illegal immigration.

Center-right candidate Franco Parisi, an economist with a large social media following, surprised pundits by finishing third. Some observers said that could reflect how Chile's first-ever presidential election with mandatory voting and automatic registration added millions of apathetic citizens to the voting rolls.

Johannes Kaiser, a former YouTube provocateur elected as a radical libertarian lawmaker in 2021, came in fourth.

Chile's constitution does not allow reelection to consecutive terms, so left-wing President Gabriel Boric, whose presidency ends in March, is not standing.

Like her opponents, Jara has called insecurity a top priority, promoting plans to deport foreigners convicted of drug trafficking, boost security along Chile's borders and tackle money laundering.

“On the question of more jails, more punishments, more imprisonment, closing borders, restricting migrants, there is no debate anymore between the right and left,” said Lucía Dammert, a political scientist and Boric's first chief of staff.

“But it's an issue that always enhances the right, everywhere in Latin America.” Winning over wary voters The race now goes to a second round on December 14 and analysts believe the starkly opposed Jara and Kast will tack to the middle ground in order to broaden their appeal.

“We will definitely see Jara and Kast after today being even more moderate, talking about things that voters care about and trying to compete for the center,” said Rodolfo Disi, a political scientist at Chile's Adolfo Ibáñez University.

Over the next month, Jara faces the challenge of winning over voters concerned about her lifelong membership in Chile's Communist party, which supports authoritarian governments in Cuba and Venezuela. Jara came under fire early on in her campaign for referring to Cuba as a democracy, walking the comment back months later.

“We liked her at first, but that moment was when our opinion shifted, it seemed like a really closed-minded view,” Camila Roure, 29, said outside a polling station where she voted for Matthei, the daughter of a general who served in Augusto Pinochet's 1973-1990 military dictatorship. “Unfortunately my two main options say troubling things about dictators.” But as a woman, Roure said, she wouldn't vote for Kast – given his history of opposition to divorce and abortion, even in cases of rape.

Although Kast has more recently sought to deflect attention from what he calls traditional family values and his German-born father's Nazi past – which mobilized progressive voters against him during his last two failed presidential bids – he has made clear his views remain the same.

“A Kast government wouldn't just be a political shift, it would be a huge step backward,” said Macarena Breke, 27, an English teacher voting for Jara in downtown Santiago.

Jara promises a social safety net President Boric, the young, tattooed ex-student protest leader who came to power in 2021 vowing to “bury neoliberalism” on the heels of mass unrest over inequality, has faced criticism from allies and rivals alike that his government failed to fulfill its sweeping promises of social change.

Economic discontent is simmering in one of Latin America's most prosperous nations, with growth sluggish and unemployment up over 8.5 per cent. The country retains its dictatorship-era constitution after voters rejected a government-backed charter that would have transformed Chile into one of the world's most progressive societies.

But Boric's government has several landmark welfare measures to show for itself — many of them thanks to Jara.

As labor minister, she raised the minimum wage, boosted pensions and shortened the workweek to 40 from 45 hours.

“The right is trying to sell this idea that the country is collapsing. But I don't see that,” said Loreta Sleir, a 27-year-old who voted for Jara.

To address Chile's cost-of-living crisis — which in 2019 helped fuel the country's most significant social upheaval since the 1990 fall of Pinochet's dictatorship — Jara proposes a “living” monthly income of around $800 through state subsidies and minimum wage hikes. She promises to invest in big infrastructure projects and new housing.

Kast promises to shrink the state Kast proposes quite the opposite.

Taking a page from the playbook of President Javier Milei in neighboring Argentina, he vows to shrink the public payroll, eliminate government ministries, slash corporate taxes and get rid of regulations in a bid to revive the stagnant economy – which has slowed the pace of job creation as immigrants flood the labor market.

He says he'll make a staggering USD 6 billion in spending cuts over 18 months — a bid which, even if far-fetched, appeals to voters disconcerted by repeated fiscal deficits.

“The money disappears, the left spends it I don't know what, human rights, and I can barely afford rent,” said Jorge Ruiz, 48, a cab driver who voted for Kast.

Chile's 2 per cent deficit this year pales in comparison to the economic woes elsewhere in the region — like in Argentina, where President Trump recently helped halt a currency crisis.

But the repeated deficits are rare for a country long hailed as a regional success story for extreme laissez-faire economics, a model established by Pinochet and sustained for decades after his dictatorship's downfall. (AP) OZ OZ

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