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    Bengaluru customs arrest passengers for smuggling ganja, gold at airport
    Third-country goods routed via New Zealand into India won't get FTA duty benefits
    Govt urges bank employees to refrain from strikes, resolve issues through dialogue
    Ex-Punjab DIG Bhullar case: ED arrests 'middleman' Kirshanu Sharda for corruption
    RBI revises foreign currency deposit inflows under FCNR(B) upward to USD 133 bn
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    Haryana plans Rs 2,295-crore rural infra push
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    ED chargesheets EaseMyTrip promoter Nishant Pitti in Mahadev betting app case
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    India's Semiconductor Market Projected to Grow Threefold to USD 200 billion by 2035: EY-IESA Report
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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.
September 21, 2026
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Tariff sanctions and AI trade consultations examine reciprocal tariff reduction amid energy-purchase measures and objections to unilateral sanctions.
Expanded sanctions and tariff measures form the immediate trade-policy backdrop. The Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 authorises expanded sanctions and tariffs targeting Russia and countries that buy its energy exports. China contests the application of tariffs to its purchases and opposes long-arm jurisdiction and unilateral sanctions asserted without a basis in international law or a UN Security Council mandate. Parallel negotiations contemplate a reciprocal tariff-reduction arrangement.

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DLC Guide Mumbai Second Edition 2025 Concludes, Strengthening India's First Global Hospitality Rating System

December 24, 2025

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MUMBAI, India, Dec. 24, 2025 /PRNewswire/ -- The DLC Guide Mumbai Second Edition 2025, a ground-breaking and independent global rating system founded by Mr. Jimmy Mistry under the aegis of Della Leaders Club (DLC), concluded successfully on Monday evening at JW Marriott Mumbai Sahar, bringing together restaurateurs, hoteliers, entrepreneurs and industry leaders to celebrate excellence across the hospitality sector. Inspired by globally respected benchmarks such as Michelin and Forbes, the DLC Guide has emerged as a ground-breaking and bias-free global credit rating system designed to evaluate hospitality establishments on real-world operational excellence, consistency and guest impact. The Mumbai Second Edition of the DLC Guide recognised a curated selection of hospitality establishments across distinct categories, reflecting excellence in dining, hospitality and beverage experiences. The restaurant category featured awardees including Masque, The Table, Izumi, Paradox, Akina, Late Checkout, Mizu Izakaya, La Loca Maria, Bandra Born, INKA by Bastian, Comorin, Gaijin, Ziya, Milagro, Dum Phukt each acknowledged for their consistency, culinary innovation and overall guest experience. In the hotel category, Fairmont Mumbai emerged as the sole recipient, recognised for its comprehensive hospitality offering and operational excellence in the luxury space. The bar category saw Sixteen33 receive the award, distinguished for its concept-driven approach and contribution to Mumbai's evolving nightlife and beverage culture. The Mumbai Second Edition was supported by a distinguished panel of professionals and industry leaders whose expertise contributed to the integrity and depth of the evaluation process. The panel included Vratika Agarwal, Founder & CEO, Maison Sia; Sabbas Joseph, Co-Founder, Wizcraft; Sajjid Mitha, Founder & CEO, Polymerupdate; Devita Saraf, Founder & CEO, Vu Televisions; Alessandro Giuliani, Managing Director, SDA Bocconi Asia Centre; Anshul Singhal, Managing Director, Welspun; Tanya Satish, CEO, Creed Entertainment; Mozez Singh, Film Director, Adesa Entertainment, Metamozez Entertainment; Ritika Vardhan, Counsel, Khaitan & Co; Harsh Jagwani, Managing Director, Notandas Realty; Aarti Vijay Gupta, Fashion Designer; Rohan Jeh, Founder & Principal, The Argonauts; Neha Premjee, Nutritionist; Kshiraja Surendranath, Classical Dancer and Founder & CEO, Ekual; Tasheen Rahimtoola, Founder, Curator and Consultant, Taste Retreat; and Reshma Ajbani, Luxury Lifestyle Content Creator. Their collective perspectives ensured a balanced, transparent and experience-driven assessment aligned with global hospitality standards. Speaking at the conclusion of the event, Mr. Jimmy Mistry, Founder & CEO, Della Leaders Club, said, "The DLC Guide is rooted in thought leadership and was created to place India firmly on the global hospitality map through a credible, independent benchmarking platform. As a first-generation entrepreneur, my vision has been to build something out of India, for the global citizen—one that drives real social and industry impact. The successful Mumbai Second Edition reaffirms the industry's trust in this vision and the growing relevance of India as a global force in experiential hospitality." The evening featured special acknowledgements of key industry stakeholders whose presence and contributions underscored the significance of the Second Mumbai edition. Among those specially mentioned were Mr. Rajiv Kapoor, General Manager, Fairmont Mumbai; Mr. Suvir Saran, renowned Chef, Author & Food Consultant; Mr. Hitesh Keswani, Managing Director, Aspect Hospitality; Mr. Vedant Malik, Owner, Mizu Izakaya; Ms. Anmol Malik and Ms. Ada Malik, talented daughters of Indian music composer Anu Malik; Mr. Parvez Damania, Aviation Consultant & Former Founder of Damania Airways; and Mr. Samir Malkani, FBAI Lifestyle. Their participation reflected the strong engagement and cross-section of leadership from across the hospitality, restaurant and allied industries. Launched just one and a half years ago, the DLC Guide has swiftly emerged as one of the most credible and transparent platforms in the hospitality sector. In this short span, it has established a robust presence across 5 countries including New York, Dubai, London, Singapore and Bangkok and 9 major global cities including Mumbai, Delhi, Pune, Bengaluru and Chennai. Within just 18 months, the Guide has recognised 99+ standout restaurants and hotels worldwide, evaluated by a distinguished panel of 74+ independent auditors, marking it as the first Indian-origin global credit rating system to gain widespread international acceptance and disrupt traditional frameworks within the food & beverage and hospitality industries. Looking ahead, the DLC Guide will continue to strengthen its role as a global hospitality credit rating platform, with forthcoming editions planned across additional Indian and international markets. Building on the momentum of the Mumbai Second Edition, the platform aims to further deepen industry engagement, expand its independent audit network, and contribute meaningfully to conversations around global standards, transparency and long-term excellence in hospitality. Website: https://dlcguide.dellaleaders.com/ Photo: https://mma.prnewswire.com/media/2851446/DLC_Guide_Mumbai_Group.jpg' alt='Embedded Media' /> Photo: https://mma.prnewswire.com/media/2851445/DLC_Guide_Mumbai.jpg' alt='Embedded Media' /> (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI

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