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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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Hon Gen Vijay Kumar Singh Unveils Bold Blueprint for Blue Economy Growth, Spotlighting North East at ISMA 2025

November 21, 2025

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The 12th International Samudra Manthan Awards 2025 organised by the Samudra Manthan Foundation, supported by the Directorate General of Shipping (DGS) under the Ministry of Ports, Shipping & Waterways, Government of India, with Bhandarkar Publications as the Knowledge Partner was held with grandeur and deep national spirit at the Jio World Convention Centre, Mumbai. The ceremony was graced by the Hon’ble General (Dr.) Vijay Kumar Singh, PVSM, AVSM, YSM (Retd.), Governor of Mizoram, who attended as the Chief Guest. Capt. Vivek Bhandarkar, Director of the Samudra Manthan Foundation and CEO of Bhandarkar Publications, opened the 12th International Samudra Manthan Awards 2025 by extending a warm welcome to the Chief Guest.

In his inspiring address, the Hon’ble Governor spoke with conviction about opportunity which is the single most powerful catalyst capable of transforming both individuals and nations. He noted that while India possesses immense strengths, “our only real gap lies in not striking at the right opportunity at the right time,” a powerful reminder that timing, boldness, and preparedness are indispensable. Drawing focus to India’s Northeast, the Hon Mizoram Governor delivered a stirring pitch highlighting the region’s extraordinary potential, its low power costs, natural abundance, talent-rich youth, inland waterway possibilities, and an ecosystem ripe for maritime and logistics expansion. He emphasized that “whatever you seek, be it talent, resources, resilience you will find in the Northeast,” urging the maritime sector to embrace the region as a strategic partner in India’s journey towards Viksit Bharat. His remarks drew a warm, appreciative response from the audience, marking a significant moment in positioning the Northeast within the country’s maritime narrative. He encouraged the maritime community to look toward the Northeast not as a distant region but as a frontier of possibility, partnership, and prosperity.

The evening was further graced by the presence of several distinguished Guests of Honour, whose participation added immense value to the event. Among them were Capt. B. K. Tyagi, Chairman & Managing Director, Shipping Corporation of India Ltd.; Dr. A. V. Ramana, Chairman, New Mangalore Port Authority; DIG Bibhuti Ranjan, Principal Director, Indian Coast Guard; Mr. Yonis Ali Guedi, Minister of Energy and Natural Resources, Republic of Djibouti; Mr. Vishal Mehta, CEO, Rushabh Sealink & Logistics Pvt. Ltd. and Honorary Consul of the Republic of Djibouti and others who were welcomed by Organizers of Samudra Manthan Awards- Capt. Vivek Bhandarkar and Shri Ashish Pednekar.

In his Welcome Address Capt. Vivek Bhandarkar all dignitaries, leaders, and members of the maritime fraternity. peaking under the overarching theme “Viksit Bharat, Shreshtha Sagar,” he emphasized that the Awards are not merely a ceremony of recognition, but a reaffirmation of India’s vision to emerge as the 'Vishwa Guru' and 'Vishwa Bandhu' of the global maritime community; echoing the aspirations laid down by Hon’ble Prime Minister Shri Narendra Modi. He reflected on the overwhelming success of the two-day symposium on Oil Spill Recovery and Salvage Operations, describing the packed halls, active participation, and high-quality discussions as proof of India’s maritime sector being alert, agile, and ready to lead with global standards in preparedness, environmental safety, and response capability. Capt. Bhandarkar highlighted the Foundation’s guiding philosophy of “Samudra Manthanasya Amrutam Paropakaaram”, stating that the true nectar drawn from the churning of the seas lies in collective service and societal benefit. He reiterated that the Samudra Manthan Foundation has grown into a movement of collaboration, discourse, and social commitment. He also expressed pride in the Samudra Manthan Foundation’s North-East outreach initiative under the Directorate General of Shipping’s “Sagar Mein Samman” programme. By reaching youth and women of the Eight Sisters (8 Northeastern States), the Foundation ensured that maritime opportunities transcend coastlines and become accessible to every Indian. Acknowledging the Directorate General of Shipping under Shri Shyam Jagannathan, IAS, Capt. Bhandarkar praised their leadership in driving safety, sustainability, and seafarer welfare. He also thanked all sponsors, partners, industry bodies, committee members, and the jury for their unwavering support. Reflecting on the intense nomination process for the 2025 Awards, he noted the razor-thin margins between top contenders and expressed heartfelt appreciation for every nominee, affirming that each one represents excellence, courage, and commitment. This year also marked a special Milestone, 50 years of Bhandarkar Publications, which Capt. Bhandarkar acknowledged with pride, reiterating his lifelong commitment to serving the maritime fraternity and upholding the publication’s ethos of being “of the industry, by the industry, for the industry.” He concluded by inviting the audience to celebrate the spirit of a rising India and the strength of its seas, formally opening the 12th International Samudra Manthan Awards 2025 with gratitude and renewed purpose.

A touching moment of the evening was the felicitation of Capt.Vivek Bhandarkar and Ms. Bharati Bhandarkar by the Hon’ble Governor, marking 50 glorious years of Bhandarkar Publications. A short audio-visual presentation was showcased during the ceremony, paying tribute to the extraordinary legacy of Prof. K. R. Bhandarkar, whose pioneering contribution laid the foundation for maritime publishing in India. The film highlighted how his vision, educational commitment, and groundbreaking initiatives transformed access to maritime knowledge, making professional literature accessible and affordable for generations of Indian seafarers. His pioneering spirit continues to inspire the institution’s journey even today.

The Jury Chairman, Shri Rajeeva Sinha, IAS (Retd.), Advisor (JNPA) and eminent industry expert, reaffirmed that the awards are based purely on merit, balanced with the spirit of encouraging emerging contributors. He quoted, “When the great scorer writes against your name, he writes not whether you won or lost, but how you played the game,” reminding everyone that participation itself is a mark of honour in such a competitive and vibrant industry.

Since its inception, the International Samudra Manthan Awards has honoured excellence through the symbolic framework of Sixteen Jewels, inspired by the treasures that emerged from the legendary Samudra Manthan or the Churning of the mythical Milky Ocean. Staying true to this legacy, the 2025 edition celebrated a wide spectrum of achievements across India’s maritime and logistics ecosystem, recognising organisations whose contributions reflect innovation, resilience, and industry-wide impact.

In the shipping category, honours were presented to both Indian and international leaders who continue to steer the sector forward. The Shipping Corporation of India received the award for Shipping Company of the Year (Indian – Public Sector), while The Great Eastern Shipping Company was recognised as Shipping Company of the Year (Indian – Private Sector). Among global operators, Maersk Fleet Management and Technology India Pvt. Ltd.; CMA CGM Agencies India Pvt. Ltd.; and Ocean Network Express (India) Pvt. Ltd. were acknowledged for their excellence and operational leadership. JSW Shipping & Logistics Pvt. Ltd. was celebrated as Shipping Company of the Year – Coastal, reflecting remarkable growth in India’s coastal movement segment.

In the ports category, several major port authorities earned recognition for their outstanding performance. The Jawaharlal Nehru Port Authority was honoured as Major Port of the Year for its exceptional container throughput and infrastructure leadership. The Deendayal Port Authority was recognised as a pioneer in Green Hydrogen Transformation, while the Paradip Port Authority received the award for Outstanding Bulk Cargo Performance. The New Mangalore Port Authority was celebrated as the Fastest-Growing Port in Southern India as it marked its Golden Jubilee this year and JSW Jaigarh Port Ltd. was named Non-Major Port of the Year.

In the terminal category, accolades went to leading operators shaping efficiency and productivity across India’s maritime gateways. Adani Ports and Special Economic Zone Ltd. Mundra Port; PSA Mumbai; and Haldia Container Terminal were all honoured as Shipping Terminals of the Year, acknowledging their role in world-class handling, technology adoption, and operational excellence.

The evening also honoured outstanding women achievers under the Star Women in Maritime honours, celebrating leaders who are strengthening the maritime sector, breaking barriers, and inspiring inclusivity.

A highlight of the ceremony was the presentation of Special Awards, recognising exceptional individuals across maritime and allied sectors.

Capt. Mahesh Yadav, Director of Marine Education & Training, FOSMA Maritime Institute & Research Organisation, was honoured as Mentor of the Year for his legendary role in shaping future generations of seafarers through dedicated training, guidance, and excellence in maritime education.

Mr. S. M. Rai, a revered senior member of the Institute of Marine Engineers (India), was conferred the Lifetime Achievement Award for his decades-long contribution to ship engineering, maritime standards, and professional leadership. An audio-visual clip played before the felicitation offered a moving glimpse into Shri S. M. Rai’s remarkable journey and his decades of steadfast service to the maritime fraternity. In his characteristically humble acceptance remarks, Shri Rai kept his words brief yet heartfelt. He expressed deep gratitude to the industry for every opportunity it has given him to contribute and serve, affirming his unwavering commitment to continue supporting the sector in every possible way. He extended his thanks to the younger generation, senior leaders, colleagues, and the wider maritime community for their constant encouragement throughout his career.

Prof. Dr. Tanuja Kaushik, Dean Academic Affairs, Gujarat Maritime University, received the Woman Achiever of the Year Award and Shri Haresh Lalwani, Joint Managing Director, Sun Logistics, was presented the Late Prof. K. R. Bhandarkar Memorial Award.

A spectrum of honours drawn from across the maritime and allied sectors, symbolically equivalent to the treasures that emerged during Samudra Manthan along with the gems.

The ceremony concluded with a sense of celebration, pride, and renewed commitment to strengthening India’s maritime vision as the event also featured a special showcase by the Northeastern folk fusion ensemble “Sound from the Hills,” whose soulful performance celebrated India’s cultural richness and added a vibrant dimensionby infusing the venue with the unique charm, rhythm, and spirit of the North-East, making the evening feel truly inclusive, and unforgettable.

The hall sparkled with energy as leaders, achievers, and young professionals exchanged ideas, applauded the winners, and celebrated the collective progress of India’s maritime and logistics sectors.

The 12th International Samudra Manthan Awards 2025 stood as a glowing testament to excellence, unity, and national purpose, where the spirit of the seas met the vision of a rising maritime nation.

(Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR

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