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    DRI seizes over seven kg amphetamine and three kg cocaine as it intensifies crackdown on drug trafficking in country; three arrested
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October 19, 2026
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Narcotics trafficking enforcement led to airport and road interceptions, baggage concealment detection, seizures, and arrests under the NDPS framework.
Narcotics trafficking enforcement under the Narcotic Drugs and Psychotropic Substances Act, 1985, involved intelligence-led interceptions at Bengaluru and Delhi airports and near Nagpur. Passenger baggage and a backpack were examined, leading to the seizure of amphetamine and cocaine and the arrest of three passengers. The recoveries included amphetamine concealed in baggage, a ladies' suit and a backpack lining, and cocaine contained in transparent packets within baggage.
October 19, 2026
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Gold smuggling syndicate enforcement traces concealed imports through airport handlers, illicit melting, and jewellery-market disposal under customs law.
Directorate of Revenue Intelligence enforcement action identified an organised gold-smuggling syndicate importing foreign-origin gold through Ahmedabad and Surat airports, followed by handover to handlers, intermediary routing, illegal melting, and cash-based supply through an Ahmedabad jewellery outlet. Further searches recovered undocumented foreign-origin gold bars and records concerning smuggled gold linked to a Dubai-based financier. The investigation identified interconnected roles across the movement, processing, and disposal of smuggled gold; three persons were arrested under the Customs Act, 1962.
October 19, 2026
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Free trade agreement utilisation requires origin compliance, product standards, and documentation to secure preferential export market access.
Effective FTA utilisation requires businesses to identify eligible products and markets, assess tariff preferences and rules of origin, and meet applicable quality, certification, documentation and importing-country requirements. Preferential access under agreements with the UAE, Australia, EFTA countries and the United Kingdom remains subject to each agreement's provisions and implementation status. Tariff preferences may improve price competitiveness and facilitate participation in international supply chains where product- and partner-specific conditions are satisfied.
October 19, 2026
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Drug prevention awareness initiatives engage students through health education, interactive activities and pledges supporting a drug-free society.
Mission Yuva Raksha advances preventive drug awareness and demand-reduction efforts among students through programmes at educational institutions in Madhya Pradesh. Sessions addressed the harmful effects of substance abuse on physical and mental health, education, family life and careers, supported by interactive learning activities. Participants were encouraged to avoid drugs, adopt healthy lifestyles, take pledges and support awareness initiatives in their schools, families and communities. Preventive education and youth engagement complement enforcement-oriented work through informed choices and community-based resistance to substance abuse.
October 19, 2026
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Coastal narcotics trafficking enforcement addresses suspected maritime methamphetamine smuggling through seizure, asset recovery, and arrests under drug-control law.
Intelligence-led narcotics enforcement addressed suspected coastal storage and maritime transfer of methamphetamine to Sri Lanka. Searches recovered crystal methamphetamine concealed in foil packets within duffel bags, which was seized under the Narcotic Drugs and Psychotropic Substances Act, 1985. Searches also recovered suspected drug-sale proceeds and vehicles allegedly used in transportation. Persons allegedly involved in organising coastal export, transport, storage and logistics were arrested and remanded to judicial custody.
October 17, 2026
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Centralised audit framework targets lower physical branch audit coverage while preserving regulatory oversight and maintaining remuneration.
For FY 2026-27, audit remuneration is to remain at existing levels. Member banks are advised to accelerate a centralised audit framework to improve cost efficiency while retaining comprehensive risk oversight. Physical statutory branch audit coverage should be reduced to cover 50% of total business, apart from centralised treasury audits. Audit coverage must align with SEBI listing and disclosure requirements and RBI guidelines, supported by a Board-approved policy for the centralised audit roadmap.
October 17, 2026
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Promissory estoppel cannot prevent Government shareholding dilution where enacted legislation imposes no restriction on strategic disinvestment.
Government shareholding in IDBI may be reduced or divested because the IDBI (Repeal) Act, 2003 contains no restriction on dilution of the Government's stake. A proposed amendment to limit dilution was rejected and not incorporated into the enacted law. Parliamentary statements cannot override statutory text, and promissory estoppel cannot be invoked on the basis of legislative debate statements to prevent dilution of Government shareholding. Successive Union Budget speeches also reflected a policy of transformation and strategic disinvestment of IDBI Bank.
October 16, 2026
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Recipient-generated e-invoicing under reverse charge enables eligible taxpayers to obtain IRNs for domestic unregistered supplies and imported services.
Eligible active registered recipients meeting the applicable aggregate annual turnover threshold may report recipient-generated self-invoices for specified reverse-charge domestic supplies from unregistered persons and imports of services. RCMDOM and RCMIMP must be selected as the relevant e-invoice supply types when reporting through an authorised Invoice Registration Portal. Submission and validation of prescribed invoice particulars would generate an Invoice Reference Number, subject to applicable GST provisions, notifications and e-invoice specifications.
October 16, 2026
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Reservation Policy Implementation in public financial institutions was examined through capacity building, practical deliberations, and measures for consistent application.
Implementation of the Government of India's Reservation Policy across public sector banks, public sector insurance companies, sectoral regulators and public financial institutions was addressed through capacity building to support uniform and effective application. Deliberations considered practical implementation issues, operational challenges and actionable measures for consistent policy application, alongside related welfare measures and interactive discussion of implementation questions.
October 16, 2026
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Organic agricultural export certification supports overseas market access for Palmyra Jaggery Powder through export-oriented producer linkages.
APEDA facilitated the maiden sea export of NPOP- and EU-certified organic Palmyra Jaggery Powder from Tamil Nadu to Bulgaria. The initiative seeks to diversify India's organic export basket, create market linkages for traditional Palmyra-based products, and improve producer access through export-oriented value chains. It covers organic cultivation and reports improved price realisation for participating farmers and the manufacturer compared with the domestic market. APEDA supports certified organic and value-added agricultural exports through market development, quality compliance, and overseas buyer linkages.
October 16, 2026
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Data-driven trade governance enables integrated monitoring, application analysis and evidence-based policy inputs through the National Strategic Trade Command Centre.
The National Strategic Trade Command Centre provides an integrated analytics and visualisation platform consolidating trade data to monitor trade indicators, scheme performance, application pendency, processing timelines, regional trends and compliance-related parameters. It enables analysis across national trade performance, Regional Authorities, schemes, products, destination markets and individual applications, subject to role-based access permissions. Initial dashboards cover key trade-facilitation and regulatory processes, including SCOMET, export promotion schemes, certificates of origin, importer-exporter registration and restricted imports and exports.
October 16, 2026
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Private capital mobilisation should use competitive financing, guarantees and risk mitigation to expand productive employment and productivity.
Private capital mobilisation is treated as essential to employment generation and productivity growth. Private enterprises, MSMEs and startups should remain central to job creation, with financing assessed by employment and productivity outcomes rather than volume. Guarantees, risk-mitigation instruments, local-currency financing and lower transaction costs are identified as means to expand affordable and predictable access to capital. Methodologies underlying governance indicators should be transparent, objective, evidence-based and responsive to diverse development experiences.
October 16, 2026
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Narcotics smuggling through misdeclared air cargo triggered seizure, arrest, and ongoing investigation into concealed hydroponic weed imports.
A Bangkok-origin air-cargo consignment declared as PU Tubes was examined on suspicion of mis-declaration. Plastic spools were found to contain concealed cavities holding polythene-wrapped packets of compacted green substance, preliminarily identified as suspected ganja/marijuana and described as hydroponic weed. The concealed substance, packaging and concealment material were seized under the NDPS Act, 1985. One person was arrested, and follow-up searches produced leads for continuing investigation.
October 16, 2026
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Unaccompanied baggage gold smuggling: concealed hardware and insider coordination triggered interception, seizure, and arrests under customs law.
Foreign-origin gold smuggling through the unaccompanied baggage channel involved concealment of gold within hardware items and coordinated retrieval through warehouse personnel and intermediaries. Intelligence-led interception resulted in recovery and seizure of foreign-origin gold concealed in a floor spring, metal locks, a grease gun and a door closer. The arrangement used a trolley secured by a pre-decided number-lock combination, with a warehouse staff member, mediator and receiver allegedly involved in delivery of the concealed gold.
October 16, 2026
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Opium cultivation licensing grievance redressal advances through public hearings, administrative remedies, policy recording, and a planned cultivator helpline.
Opium cultivation licensing grievances were addressed through a public hearing where cultivators raised irrigation, climatic, single-plot licensing, and village-wise allocation concerns. Participants were informed of available legal provisions and administrative remedies. Requests for more licences and larger cultivation plots were considered, with policy matters recorded. A helpline is intended to assist cultivators during the 2026-27 licensing operation.
October 16, 2026
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Illicit cannabis cultivation: crop destruction followed legal formalities, while investigation continues in a remote wildlife sanctuary.
Illicit cannabis cultivation was located by a joint DRI and CBN team across five stretches of remote, densely forested wildlife-sanctuary land near village Jamniapani, Shirpur, District Dhule, Maharashtra. The cultivation covered 2.87 hectares. Following requisite legal formalities, the cannabis crop was destroyed using a rotavator in the presence of Police and Forest Department officials. Investigation remains in progress.
October 15, 2026
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Merchandise and services trade estimates show export growth, import expansion, and a wider combined trade deficit over the reporting period.
Combined trade estimates for April-September 2026-27 show exports of US$ 476.20 billion and imports of US$ 551.13 billion, resulting in a trade deficit of US$ 74.93 billion. Merchandise exports rose to US$ 259.89 billion, while merchandise imports reached US$ 437.53 billion. Estimated services exports were US$ 216.31 billion and services imports were US$ 113.60 billion, producing a services trade surplus of US$ 102.71 billion. September services figures are estimates, and specified earlier-period data were revised using quarterly balance-of-payments data.
October 15, 2026
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Emerging technology skills and resilient supply chains are positioned as foundations for investment competitiveness and inclusive economic growth.
Ministerial policy priorities for India's trade, investment and technology agenda emphasise artificial intelligence, cybersecurity, technology adoption, manufacturing investment and lifelong skill development. Investment competitiveness is linked to political stability, resilient supply chains, and fair and transparent trading practices. The first tranche of a bilateral trade agreement with the United States has been finalised, while final contours and legal drafting continue before operationalisation.
October 14, 2026
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Majority stake acquisition in the jewellery sector receives competition clearance for GRT Jewellers' purchase of Tribhovandas Bhimji Zaveri.
Competition Commission of India approved GRT Jewellers (India) Private Limited's proposed acquisition of a majority stake in Tribhovandas Bhimji Zaveri Limited. The transaction concerns entities operating in the Indian gems and jewellery market, including a private limited acquirer and a publicly listed target engaged in manufacturing and sale of gems and jewellery.
October 14, 2026
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Minority shareholding acquisition in mother and baby healthcare receives competition clearance for a private equity-backed investment.
Competition Commission of India clearance authorises NuageLux BidCo S.a r.l. to acquire approximately 23% of the fully diluted shareholding in Kids Clinic India Ltd. The transaction constitutes an acquisition of a minority equity interest in a healthcare provider operating under the Cloudnine brand. NuageLux BidCo is a Luxembourg-incorporated private limited special purpose vehicle, ultimately controlled by Permira Holdings Ltd.

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ED searches I-PAC office, its director Pratik Jain's residence in Kolkata; Mamata storms raid sites in high drama

January 8, 2026

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Kolkata/New Delhi, Jan 8 (PTI) The ED on Thursday conducted searches at the office of the political consultancy firm I-PAC and the residence of its director Pratik Jain in Kolkata, an action that ignited high drama, with West Bengal chief minister Mamata Banerjee unexpectedly storming into the sites during raids, alleging that the central agency was trying to seize the TMC’s sensitive data ahead of the high-stakes state polls.

In a strong rebuttal, the ED, which maintained that the searches were part of a money laundering probe into an alleged multi-crore rupee coal pilferage scam, accused Banerjee of obstructing a lawful investigation and claimed that she and the state police forcibly removed "key evidence" during the raids.

The confrontation, which unfolded at a politically combustible moment, added sharp electoral overtones ahead of the elections to the 294-member West Bengal Assembly, to be held in less than three months, as both the Trinamool Congress and the BJP were locked in an aggressive battle for narrative control.

The standoff also soon took a legal turn, with the ED moving the Calcutta High Court, seeking permission to file a petition, alleging interference in its investigation. The I-PAC also approached the HC, opposing the searches and questioning its legality.

According to the ED, the I-PAC's office in Salt Lake Sector V and Jain's residence on Loudon Street were among about 10 premises, including four in Delhi, that were raided by the federal probe agency in the presence of central paramilitary teams from 7 am. However, Banerjee’s unscheduled appearance at the raid site injected street-level drama, drawing senior police officers, party leaders, and central forces into a tense stand-off that unfolded in full public view.

Banerjee arrived around noon at the residence of Jain, co-founder and director of Indian Political Action Committee (I-PAC), soon after Kolkata Police Commissioner Manoj Verma reached the spot. She stayed inside for about 20–25 minutes before emerging with a green folder in her hand, accusing ED officials of overreach.

For the chief minister, the optics of physically confronting the ED, rather than responding through statements alone, appeared to be a calibrated move to send a message of resistance, reinforcing her long-held image as a leader willing to meet institutional pressure head-on ahead of polls.

"They have raided the residence and offices of our in-charge of the IT cell. They were confiscating my party’s documents and hard disks, which have details about our party candidates for the assembly polls. I have brought those back," Banerjee told reporters, asserting that the materials had no link to any financial probe.

For Banerjee, the ED action reinforced her long-running campaign charge that central agencies are being deployed to disrupt opposition parties at critical moments of electoral preparation, while for the BJP, the raids offered an opportunity to underline its anti-corruption plank in the state where it is seeking to claw back ground after its 2021 defeat.

I-PAC, apart from offering political consultancy to the TMC, also manages the party’s IT and media operations, making the search especially sensitive in the run-up to elections.

Banerjee alleged that ED officials had walked away with hard disks, mobile phones, laptops, candidate lists, and internal strategy documents of the ruling party. “Is it the duty of the ED to collect political party data?” she asked.

Launching a sharp attack on the BJP leadership, Banerjee described the searches as an act of "political vendetta" and accused Union Home Minister Amit Shah of "misusing" constitutional agencies to intimidate opposition parties.

"This is not law enforcement. The nasty home minister, the naughty home minister, who cannot protect the country and is taking away all my party documents," she said, later adding that the Prime Minister must "control his home minister".

In a statement issued from New Delhi, the ED alleged that Banerjee entered Jain’s residence during the raid in a money laundering case linked to alleged coal smuggling and took away "key evidence", including physical documents and electronic devices.

The agency said she subsequently went to the I-PAC office, from where she, her aides, and the state police "forcibly removed physical documents and electronic evidence".

Banerjee alleged the raids began around 6 am when no one was present. "They started the search when there was nobody inside. They transferred our data, poll strategies, and information into their system. This is a crime," she said after visiting the office.

By the time she reached the Sector V office of I-PAC around 1 pm, senior officers of the Bidhannagar Police Commissionerate had cordoned off the area, while central forces sealed the entry and exit points of the multi-storey building housing the I-PAC office.

Without engaging with paramilitary personnel, Banerjee accessed the building through the basement and took a general lift to the 11th floor, declining a separate VIP lift—an image the party projected as symbolic defiance.

"They have taken our election strategy, our SIR data, and other details. If the assembly polls pass and we have to draw up election plans afresh, who will be responsible?" she said, alleging that tables in the office had been left empty after documents were taken away.

Asserting that the TMC is a registered political party that pays income tax regularly, Banerjee said the ED could have sought any legitimate information from the Income Tax Department.

"The BJP is the biggest party of thieves," she charged, warning that restraint should not be mistaken for weakness.

She also alleged large-scale deletion of voters’ names from electoral rolls through the Special Intensive Revision (SIR) process.

"Do they think they can capture the state by deleting voters and raiding the IT cell offices of political parties?" she said, asserting that the Centre could not "bulldoze us using money and muscle power".

Banerjee remained at the I-PAC office until Jain arrived and resumed work, leaving the premises around 4.14 pm.

The searches, the ED said, were part of a probe into a 2020 case registered by the CBI against a coal smuggling syndicate allegedly led by Anup Majhi, alias Lala, accused of illegally excavating coal from Eastern Coalfields leasehold areas in and around Asansol in Paschim Bardhaman district.

According to the ED, a hawala operator linked to the coal smuggling racket facilitated transactions of tens of crores of rupees to Indian PAC Consulting Pvt Ltd, the registered company of I-PAC.

"IPAC is also one of the entities linked to hawala money," the agency alleged, maintaining that the proceedings were being conducted peacefully and professionally until the chief minister’s arrival.

"It is clarified that the search is evidence-based and not targeted at any political establishment. No party office has been searched. The search is not linked to any elections," the ED said, adding that the actions of Banerjee and the police amounted to obstruction under the Prevention of Money Laundering Act (PMLA).

The Indian Political Action Committee (I-PAC) is a political consultancy firm that works with parties and leaders on election strategy, campaign management, data analytics, and digital outreach. Founded by political strategist Prashant Kishor, I-PAC has been working with the TMC since June 2019.

The BJP seized on the ED’s allegations to counter the TMC’s charge of political vendetta. Leader of Opposition Suvendu Adhikari demanded strong legal action against the chief minister for allegedly interfering with the work of a central investigating agency.

The BJP’s state unit said attempts to politicise a lawful probe or undermine constitutional authorities weakened public trust in institutions and the rule of law.

The timing of Thursday’s standoff has also hardened political lines and once again placed central investigative agencies at the centre of a fraught federal contest.

The episode has revived memories of February 2019, when Banerjee rushed to the same Loudon Street area during a CBI search of then police commissioner Rajeev Kumar’s residence and later staged a dharna in the central Kolkata.

Banerjee also announced a protest rally on Friday against the searches.

"Tomorrow I will lead a protest rally from Jadavpur 8B bus stand to Hazra crossing," she said and asked people to participate in the over 5-km long rally. PTI PNT NES AMR SMY RBT PNT PYK PYK

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