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    Bank unions threaten nationwide strike on Sep 11 to press for 5-day banking, other demands
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August 24, 2026
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Five-day banking and uniform performance incentives drive proposed bank union action over unresolved pension and employment demands.
Banking labour relations are affected by proposed nationwide industrial action over five-day banking, performance-linked incentives, and pension-related demands. Five-day banking remains pending despite a bipartite arrangement for extended weekday hours. Unions dispute an incentive scheme that differentiates awards by seniority and individual performance, contending that it departs from bank-level performance linkage and uniformity across cadres. They also allege that implementation during pending conciliation breaches a status quo obligation, while pension revision, uniform dearness allowance, and a pension-scheme switch option remain unresolved.
August 24, 2026
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Free trade agreement strategy expands preferential market access and supports India's integration into global value chains and investment partnerships.
India's free trade agreement strategy seeks to expand preferential market access and integrate the country into global value chains as a trusted trading partner. Negotiations with additional country groups and individual nations are intended to extend agreement coverage to a substantial share of global trade. Investment opportunities are identified in data centres, manufacturing and artificial intelligence, alongside an objective of developing more balanced trade relations between India and Japan.
August 24, 2026
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Foreign exchange market conditions supported rupee appreciation, but crude prices, importer demand and geopolitical sanctions concerns limited gains.
Foreign exchange market conditions supported a modest early appreciation of the rupee against the US dollar due to relative dollar softness. The gain was limited by elevated crude oil prices, importer demand for dollars, and caution over anticipated sanctions affecting Iranian oil trade, banking networks and shipping routes. Currency markets remained sensitive to geopolitical uncertainty and possible wider trade effects.
August 23, 2026
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Undeclared gold importation led to customs interception, seizure, arrest and continuing investigation after concealment inside passenger clothing.
Customs enforcement against undeclared gold importation involved interception of a passenger arriving from Sharjah at Ahmedabad airport following passenger profiling. A gold chain concealed inside clothing was recovered after it was not declared for customs purposes. The chain was seized and the passenger was arrested under the Customs Act, 1962, before being released on bail, with further investigation continuing.
August 23, 2026
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Digital arrest cyber fraud used impersonation, forged notices and coercive video calls to obtain transfers through mule accounts.
Digital arrest cyber fraud allegedly used impersonation of law-enforcement and central banking officials, fabricated notices, threats of arrest and continuous video communications to coerce a retired railway employee into disclosing financial details and transferring funds for purported verification. The alleged proceeds were routed through mule and shell accounts. Banking records, KYC details, digital evidence and transaction trails allegedly connected a recipient account with suspicious transactions and multiple cyber-fraud cases; part of the cheated amount was recovered or refunded.
August 23, 2026
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Political targeting allegations challenge money-laundering enforcement actions, searches, questioning, and public disclosures in the CMRL investigation.
CPI(M) alleges that enforcement action under the Prevention of Money Laundering Act in the CMRL matter is politically motivated targeting of Pinarayi Vijayan, family members and party associates. It contends that searches, questioning and public communications during the investigation were used to create suspicion without incriminating evidence, and characterises references to hawala as a new investigative narrative. The party also alleges selective anti-money-laundering enforcement against opposition leaders and states that the company will address the CMRL-related matter.
August 23, 2026
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Money-laundering investigation into alleged liquor transport irregularities results in arrests connected with claimed loss to the government exchequer.
Money-laundering proceedings concerning alleged financial irregularities in liquor transport led to the arrest of former Andhra Pradesh minister Karumuri Nageswara Rao under the Prevention of Money Laundering Act. The inquiry concerns alleged wrongful loss to the government exchequer arising from liquor-transport operations. Investigative measures included raids and the arrest of Rao's son, along with arrests of a former state beverages corporation managing director and the person described as the principal accused.
August 23, 2026
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Alleged LLP record forgery raises cheating, breach of trust and conspiracy concerns over unauthorised partnership interest changes.
Alleged forgery, cheating, criminal breach of trust and conspiracy concern purported unauthorised changes to LLP statutory records filed with the Registrar of Companies. The allegations include use of false documents to remove a nominated partner, substitute another person as partner and transfer a partner's interest in the LLP. The matter also draws attention to separate land-collaboration allegations and delayed possession claims by homebuyers in a halted housing project.
August 23, 2026
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Voluntary production curtailment addresses polyester yarn cost volatility as weaving units seek customs-duty relief on inputs.
Voluntary production curtailment by weaving units is being adopted in response to increased polyester yarn and related input costs. Units may reduce shifts or observe periodic holidays according to individual commercial feasibility to limit yarn consumption until prices and fabric-market conditions stabilise. Industry representatives allege that yarn-price increases exceed corresponding input-cost movements and seek examination of possible artificial pricing, along with customs-duty relief on yarn and relevant inputs.
August 22, 2026
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Retaliatory tariffs escalate trade restrictions as historic tariff authority enables duties without prior investigation or a prescribed duration.
Retaliatory tariffs are set to escalate bilateral trade restrictions after the United States imposed tariffs of up to 50 per cent on specified Canadian imports. Canada proposes dollar-for-dollar countermeasures covering sectors including steel, dairy, appliances, agricultural equipment, pulp and paper and electronics. Section 338 of the Tariff Act of 1930 is invoked as the legal basis for the United States measures, permitting presidential import duties up to 50 per cent without a prior investigation or prescribed maximum duration. Escalation creates uncertainty for supply chains and renewal of the United States-Mexico-Canada Agreement.
August 22, 2026
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Reciprocal tariffs reshape Canada-United States trade relations, increasing supply-chain risks and accelerating Canadian trade diversification beyond its primary export market.
Canada-United States trade relations are described as entering a confrontational phase after tariff negotiations collapsed. The United States imposed tariffs on specified Canadian goods, while Canada committed to reciprocal import taxes and suspended negotiations. The dispute marks a retreat from preferential market access and continental integration. Canada's export dependence on the United States may limit retaliation and increase risks to output, employment, investment and integrated supply chains. Trade diversification, non-United States investment and expanded Pacific export infrastructure are identified as responses to a potentially enduring protectionist bilateral relationship.
August 22, 2026
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Retaliatory tariffs on United States goods will target key sectors after trade negotiations failed and reciprocal tariff relief was unavailable.
Retaliatory tariffs on United States goods will take effect from 8 September in response to United States tariffs on Canadian products and unsuccessful negotiations. The dollar-for-dollar measures will cover steel, dairy, appliances, agricultural equipment, pulp and paper, and electronics, with product-specific details to follow. Canada had been willing to remove certain retaliatory tariffs if corresponding United States tariffs were substantially reduced, but considered the final demands unacceptable.
August 22, 2026
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Power tariff revision faces political opposition over increased consumer electricity costs and conflict with prior free-electricity commitments.
Power tariff regulation in Jammu and Kashmir and Ladakh has been revised through approval of an average tariff increase, effective from 1 September 2026. Political representatives have opposed the increase on the ground that it adds to consumer hardship amid unemployment, inflation, and sectoral difficulties. The criticism also contrasts the revised tariff with prior commitments concerning free domestic electricity and gas.
August 22, 2026
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Recruitment examination integrity prompted enforcement scrutiny and proposed disciplinary inquiry, while an officer's absence was attributed to family emergency.
Reported absence of an IAS officer was attributed to a family medical emergency and a pending leave request, rather than enforcement searches concerning an alleged recruitment-examination scam. The officer denied any connection with those searches and expressed willingness to face an inquiry. Enforcement searches at the Karnataka Public Service Commission concerned a money-laundering investigation into alleged recruitment irregularities. The State Cabinet decided to advise suspension of the commission chairperson and initiation of an inquiry after an earlier suspension was set aside for lacking the Cabinet's aid and advice.
August 22, 2026
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Money-laundering and benami asset allegations prompt enforcement proceedings, while the accused officer's brother calls the action selective targeting.
Enforcement proceedings under the Prevention of Money Laundering Act concern allegations that suspended police officer Vijay Choudhary managed numerous assets through benami transactions and engaged in money laundering. An Anti-Corruption Bureau FIR had already been registered in relation to the allegations. Surinder Choudhary characterised the action as selective targeting but maintained that investigating agencies and the judiciary should address and decide matters concerning his family.
August 22, 2026
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Specialised dispute resolution requires technical expertise, timely proceedings, mediation support, and human oversight to safeguard natural justice.
Specialised, timely and effective dispute-resolution mechanisms are necessary for technically complex disputes in telecom, broadcasting, airport tariffs and cyber sectors. Technology may assist legal reasoning but cannot replace judicial reasoning, requiring verification, professional responsibility and meaningful human oversight. Effective specialised adjudication should combine domain expertise with judicial discipline, respond to technical complexity, and protect natural justice, transparency and reasoned decision-making. Mediation and other consensual mechanisms can support dispute resolution.
August 22, 2026
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Form 15CB certification faces scrutiny where inadequate verification allegedly enables foreign remittances through shell companies and false certificates.
Alleged misuse of Form 15CB certification has resulted in criminal proceedings concerning certificates issued for foreign remittances without verification of underlying documents. Form 15CB requires certification of applicable taxability and tax-deduction particulars for specified remittances to non-residents before processing by an authorised dealer. The allegations concern certificates that potentially enabled cross-border transfers through shell or non-existent companies, involving cheating, false certification, false evidence and common intention.
August 22, 2026
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Beginner stock market investing requires regulated accounts, risk-aware financial planning, diversification and informed company assessment before purchasing securities.
Beginner stock market investing requires a bank account, a trading or broking account with a SEBI-registered broker, and a Demat account for electronic holding of securities. Investments involve risk of loss and should align with financial goals, time horizon and loss-bearing capacity. Investors should understand primary and secondary markets, distinguish long-term investing from short-term trading, assess companies before purchase, diversify holdings, consider charges, maintain records and avoid borrowed-money investing, rumours and momentum-driven decisions.
August 22, 2026
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Capacity-based tobacco taxation targets undeclared packing machinery used for clandestine production and clearance without indirect tax payment.
Clandestine manufacture and clearance of pan masala, scented jarda and tobacco products without registration or payment of GST, HSNS Cess and central excise duty was detected through an intelligence-led search. Undeclared Form-Fill-Seal packing machines, workers, finished goods, raw materials, transport vehicles, packing materials and records indicated unaccounted production and clearance. Capacity-based monthly HSNS Cess for pan masala is computed according to the number, type and capacity of installed packing machines, while a corresponding capacity-based central excise levy applies to chewing tobacco, jarda and gutkha.
August 22, 2026
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Trade exhibition connects Korean exporters with Indian buyers through sector-specific consultations and certification guidance for market entry.
KoINDEX 2026 is a business-to-business trade exhibition bringing Korean manufacturers and exporters together with buyers in India and South Asia. It focuses on beauty and personal-care products, processed and functional foods, and construction, building and safety products. Commercial engagement includes pre-matched export consultations with project owners, contractors, distributors, wholesalers, e-commerce platforms and food distribution businesses. A seminar addresses Bureau of Indian Standards certification and market-entry requirements for Korean products entering the Indian market.

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Customs & Trade

HIGHLIGHTS AT 9 PM

December 22, 2025

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New Delhi, Dec 22 (PTI) Following are the top stories at 9 PM: NATION DEL56 INDIA-NZ-LD PM

'Historic milestone': PM Modi on conclusion of negotiations with NZ on free trade deal New Delhi: The conclusion of talks in just nine months between India and New Zealand for a free trade agreement (FTA) is a "historic milestone" reflecting a strong political will and shared ambition to deepen bilateral economic ties, Prime Minister Narendra Modi said on Monday.

DEL57 INDIA-NZ-FTA-SHAH

India-New Zealand FTA to open new gateways to prosperity: Shah New Delhi: Union Home Minister Amit Shah on Monday said the India-New Zealand Free Trade Agreement that brings in USD 20 billion investment is a "textbook example" of people-centric foreign policy fulfilling citizens' aspirations under the leadership of Prime Minister Narendra Modi.

DEL54 SONIA-LD MGNREGA

Demolition of MGNREGA to have catastrophic consequences: Sonia Gandhi New Delhi: Congress Parliamentary Party chairperson Sonia Gandhi on Monday warned that the "demolition" of the MGNREGA will have catastrophic consequences for crores of people in rural India, and called upon all to unite and safeguard the rights that protect everyone.

DEL49 LD NITISH

Bihar CM Nitish Kumar, his deputy Samrat Choudhary call on PM, Shah New Delhi: Bihar Chief Minister Nitish Kumar on Monday met Prime Minister Narendra Modi and Union Home Minister Amit Shah during his first visit to the national capital after retaining charge of the eastern state a month ago following the NDA's landslide victory in the assembly election.

BOM23 CG-LD NADDA

Nadda targets Congress over 2013 Jhiram Ghati Naxal attack, says insiders played role Janjgir (Chhattisgarh): In a sharp attack on Congress, BJP president JP Nadda on Monday alleged that some insiders in the party were involved in facilitating the 2013 Jhiram Ghati Naxal attack, which led to the killing of state Congress leaders.

CAL34 WB-LDALL MAMATA

Mamata blames EC for ‘gross errors’ in Bengal draft rolls, dubs SIR ‘blunder riddled' Kolkata: West Bengal Chief Minister Mamata Banerjee on Monday lashed out at the Election Commission, alleging that there were “gross errors” in the draft rolls published following the enumeration phase of the SIR in the state.

CAL26 WB-HUMAYUN-2NDLD PARTY

MLA Humayun Kabir, suspended by TMC over Babri-style mosque plan, floats new party Beldanga (WB): West Bengal MLA Humayun Kabir on Monday floated a new outfit, Janata Unnayan Party, days after he was suspended by the TMC for laying the foundation stone for a Babri-style mosque in Murshidabad district.

MDS21 KL-UDF-2ND LD PARTIES

UDF announces three new associates; leader of one party denies tie-up Kochi: Ahead of the Assembly polls, the Congress-led UDF in Kerala on Monday decided to expand its base by adding three more political parties, including the Trinamool Congress, to its fold.

DEL18 AVI-AIR INDIA-LD PLANE

Air India's Mumbai-bound B777 plane suffers engine shutdown; returns to Delhi New Delhi: A Mumbai-bound Air India's Boeing 777 aircraft made an emergency landing in the national capital in less than one hour after taking off due to right engine shutdown on Monday morning, according to sources.

DEL61 PB-EX-POLICE-2NDLD OFFICER

Punjab: Duped of Rs 8 crore in cyber fraud, ex-IPS officer Amar Chahal shoots self in Patiala Patiala: Former IPS officer Amar Singh Chahal allegedly shot himself with the rifle of his security guard here on Monday and in a purported note, he claimed that he had been duped of Rs 8.10 crore by cyber thugs who posed as wealth management advisors.

BUSINESS DEL50 BIZ-LDALL-INDIA-NEWZEALAND-FTA

India seals free-trade pact with New Zealand, third agreement this year New Delhi: India and New Zealand on Monday said they have concluded talks on a free trade deal that will give India tariff-free access to the island nation's markets, bring in USD 20 billion of investment over the next 15 years and help double bilateral trade in the next five years.

LEGAL LGD19 DL-HC-2NDLD NATIONAL HERALD

National Herald case: Delhi HC seeks Gandhis' reply on ED plea against trial court order New Delhi: The Delhi High Court on Monday asked Congress leaders Sonia Gandhi, Rahul Gandhi and others to respond to a plea by the Enforcement Directorate (ED) challenging the order of the trial court that refused to take cognisance of its chargesheet against them in the National Herald case.

LGD15 SC-LD KOKATE

SC stays conviction of ex-Maharashtra minister Manikrao Kokate in cheating case New Delhi: The Supreme Court on Monday stayed the conviction of former Maharashtra minister Manikrao Kokate in a cheating and forgery case and clarified that he shall not face any disqualification as an MLA.

FOREIGN FGN39 LANKA-2NDLD JAISHANKAR

Jaishankar begins visit to Sri Lanka as PM Modi's special envoy Colombo/New Delhi: External Affairs Minister S Jaishankar landed in Colombo on Monday to hold talks with Sri Lanka's top leadership as the island nation begins reconstruction efforts following Cyclone Ditwah.

FGN26 BANGLA-LD SHIKDAR

After Hadi, another Bangladesh student leader shot in head Dhaka: Unidentified gunmen on Monday shot in the head Motaleb Shikder, a second leader of Bangladesh’s violent student-led 2024 uprising.

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