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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
    DRI seizes 13 kg foreign-origin gold worth around Rs. 19.41 crore and dismantles a gold smuggling syndicate in Gujarat; three arrested
    Department of Commerce Organises “Leveraging FTAs” Outreach Programme in Jaipur to Strengthen Export Opportunities
    Central Bureau of Narcotics (CBN) organises five drug awareness programmes for MP youth Mission Yuva Raksha
    DRI seizes massive 137 kg consignment of crystal meth; busts coastal drug trafficking network; 4 arrested in Tamil Nadu
    Optimization of Statutory Branch Auditors (SBAs) Costs and Acceleration of Centralized Audit Frameworks
    Clarification on Legislative Developments concerning Government’s shareholding in IDBI
    Introduction of e-Invoicing Facility for Recipient Generated Self Invoices under Reverse Charge Mechanism for Domestic Supplies from Unregistered Pers...
    DFS Organises Workshop on Reservation Policy for Public Sector Banks, Public Sector Insurance Companies and Public Financial Institutions
    APEDA Facilitates Export of 1.755 MT of Organic Palmyra Jaggery Powder from Tamil Nadu to Bulgaria
    Union Commerce and Industry Minister Shri Piyush Goyal Launches National Strategic Trade Command Centre at Vanijya Bhawan
    Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman participates in the 114th meeting of the Development Committee Plenary of the W...
    Customs officers detect 148.67 kg hydroponic weed from Bangkok at air cargo complex at IGI Airport
    DRI seizes around 6.2 kg foreign-origin gold; busts sophisticated gold smuggling modus operandi through unaccompanied baggage; three arrested
    Central Bureau of Narcotics (CBN) U.P. Unit holds public hearing to address grievances of opium cultivators
    Directorate of Revenue Intelligence (DRI) and Central Bureau of Narcotics (CBN) destroy 2.87 Hectares (7.08 Acres) of illicit cannabis (ganja) cultiva...
    The cumulative exports (merchandise & services) during April-September 2026-27 are estimated at US$ 476.20 Billion, as compared to US$ 418.31 Billion ...
    Union Minister of Commerce and Industry Shri Piyush Goyal Calls on Youth to Drive India’s AI Journey
    CCI approves acquisition of majority stake in Tribhovandas Bhimji Zaveri Limited by GRT Jewellers (India) Private Limited
    CCI approves the acquisition of certain shareholding in Kids Clinic India by NuageLux BidCo S.à r.l
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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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Voices of Distinction: Ten Professionals Creating Enduring Impact

January 9, 2026

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CHANDIGARH, India, Jan. 8, 2026 /PRNewswire/ -- Kiteskraft Productions LLP proudly recognizes Voices of Distinction: Ten Professionals Creating Enduring Impact. Extending well beyond conventional roles, they emerge as mentors, thought pioneers, and drivers of change—fostering creativity, analytical thinking, ethical governance, and social accountability. Through their influential professional contributions, visionary leadership, and active community involvement, these remarkable individuals inspire generations to dream ambitiously and lead with purpose. Their shared impact creates a lasting legacy, establishing them as true architects of progress and guiding pillars for the nation's future. Dr. Ravineet R. Sami: Dr. Ravineet R. Sami is a respected leader in financial governance and higher education, with over two decades of experience defined by strategic vision, disciplined leadership, and commitment to institutional excellence and nation-building. As Chief Finance, Planning, and Development Officer at The University of Fiji, he has strengthened financial sustainability, governance frameworks, and long-term growth through digital transformation, infrastructure development, and robust compliance systems. A strong advocate of lifelong learning, Dr. Sami holds a Professional Doctorate in Leadership Management, an Honorary Doctorate in Accounting and Financial Management, an MSc in Finance and Investment, multiple MBAs, and prestigious international fellowships from Australia, New Zealand, and the United Kingdom. Beyond his institutional role, he serves as an Ambassador for the Association. Mr. Harish Chelani (CEO & Founder): Mr. Harish Chelani is a global entrepreneur whose rise from modest beginnings to a multi-million-dollar enterprise reflects vision and execution. Arriving in Dubai in 2003 with a salary of 1,000 AED, he worked relentlessly, often putting in 18 hours a day, to master global trade, consumer behavior, and supply chains. In 2014, he founded the Jumbo Master Group of Companies, now comprising 13 businesses across the UAE, Africa, and Oman, with active expansion into real estate and a large-scale entry into the Indian market underway. The group operates across FMCG and real estate, generating over USD 500 million annually. Its flagship brand, Classy, manages 250+ SKUs across food, non-food, and personal care, distributed in 1,500+ stores across 35+ countries. In 2025, the group won Best International Food Brand of the Year, while Mr. Harish Chelani received Best Innovative Businessman of the Year. Dr. Sanjeev Kumar: Dr. Sanjeev Kumar is a distinguished scholar, entrepreneur, and Supreme Court advocate whose career reflects a rare integration of literature, law, and leadership. He holds a Doctor of Literature (D.Lit.) along with advanced qualifications from MIT, Boston, the Institute of Cost Accountants of India, and the Institute of Company Secretaries of India, underscoring his academic and professional depth. With over 35 years of experience, he has successfully led organizations such as India Netbooks Pvt. Ltd. and BPA Advisory Limited, contributing significantly to finance, corporate governance, and legal strategy. A prolific author of 290 books across literature, law, and children's education, he stands among India's most versatile intellectuals. As Founder-Chairman of BPA Foundation and Vama Academy, he actively promotes language learning and empowerment. Mr. Pritesh Patel: Pritesh Patel is the Founder and CEO of Akshar Holdings, a UAE-based diversified group with operations spanning real estate leasing, brokerage, holiday homes, and allied services. Established in 2018, the organization was built on principles of trust, operational discipline, and long-term value creation. His entrepreneurial journey began in general trading, where early challenges shaped his conviction that sustainable businesses are driven by structure, patience, and accountability. Over time, he strategically expanded Akshar Holdings across the UAE, India, and select international markets. Known for his grounded and methodical leadership style, he prioritizes stability, compliance, and consistent performance. Patel remains focused on building resilient enterprises that create enduring value for clients, partners, investors, and the communities they serve with integrity and vision. Dr. Venugopal Reddy: Dr. Venugopal Reddy Iragamreddy, MBBS, DCH, MRCPCH, DSc, FRCPCH, FRACP, MBA, PhD, is an internationally recognised paediatrician, community health advocate, and healthcare leader with over fourteen years of clinical, academic, and administrative experience. At Ovum Woman and Child Specialty Hospital, Bengaluru, he has strengthened paediatric and community healthcare through evidence-based practice, quality systems, and structured hospital governance. A prolific academic, he has authored more than 150 peer-reviewed research papers and twelve medical books, contributing significantly to paediatric education and clinical preparedness. He also serves as Course Director for MRCPCH and MRCOG training programmes and is a recognised faculty member of the American Academy of Pediatrics and the Royal College of Paediatrics and Child Health. Beyond institutional roles, Dr. Reddy leads community health initiatives with organisations such as UNICEF and the United Nations Volunteers programme, focusing on maternal and child health, preventive care, public health awareness, and equitable access. Dr. Anupam Narula: Dr. Anupam Narula is a renowned Professor of Marketing and Head of Public Relations and Communication at Lal Bahadur Shastri Institute of Management (LBSIM), New Delhi. With over 30 years of rich experience spanning teaching, research, consulting, training, industry engagement, and institution building, he is widely recognised as a thought leader in management education. He has held key academic leadership roles including Founder Director, Dean, Head of Department, and Area Chairman, and has been associated with premier institutions such as FORE School of Management, Amity University, BIMTECH, and Jaipuria Institute of Management. Dr. Narula holds a Ph.D. in Economics, multiple postgraduate qualifications, and international certifications, with core expertise in consumer behaviour, service marketing, global innovation strategy, and marketing for higher education institutions. Dr. Dharmesh J. Shah : Dr. Dharmesh J. Shah is a nationally respected academic leader shaping India's higher education and research landscape. With over three decades of experience, he blends scholarly depth with strategic vision to build institutions that are research-driven, innovation-focused, and globally connected. An expert in Artificial Intelligence, Digital Image Processing, and VLSI Design, he has authored more than 100 research publications and holds multiple patents, reflecting his commitment to application-oriented innovation. Renowned for academic governance and curriculum reform, Dr. Shah has championed interdisciplinary learning, ethical leadership, and strong industry integration. As a mentor and thought leader, he has guided countless scholars and educators, playing a pivotal role in nurturing future talent and strengthening India's position as a competitive, knowledge-driven nation worldwide today. Mr. Vikram Kamrendra Singh: The artistic journey of Vikram Kamrendra Singh spans more than three decades of discipline and thoughtful exploration. A contemporary Indian artist, he is known for a refined visual language defined by minimal lines, symbolic restraint, and conceptual depth. His work explores time, memory, literature, and inner consciousness, inviting reflection rather than spectacle. Over the years, he has exhibited at respected institutions including AIFACS Gallery, Nehru Centre Mumbai, Arpana Art Gallery, India Habitat Centre, and the Gaiety Theatre Cultural and Heritage Complex, Shimla. Beyond gallery spaces, his illustrations and designs have appeared in books, journals, and publications, bridging visual art and literature. Recently conferred an Honorary Doctorate in Visual Art, Singh's career reflects integrity, patience, and enduring artistic relevance globally. Mr. Biswajit Chowdhury: Mr. Biswajit Chowdhury is a respected leader in India's social reform and community development space, known for decades of consistent humanitarian service. With over twenty-five years of active engagement, his work reflects integrity, perseverance, and a deep commitment to inclusive growth. A former President of the Rotary Club of Kolkata, he has focused on translating social responsibility into practical, sustainable action. His initiatives span public health, sanitation, community welfare, and organizational development, closely aligned with national priorities and grassroots needs. Honored with the Bharat Ratna Samman, his contributions are recognized nationally and internationally, not merely for achievements, but for a life devoted to ethical leadership, social harmony, and long-term societal transformation that continues to inspire future generations across communities. Dr. Ananth Vaidyanathan: Dr. Ananth Vaidyanathan, born into a middle-class Brahmin family in Kerala, exemplifies how perseverance, discipline, and passion can transform ambition into achievement. His professional journey began humbly as a bellboy at a five-star hotel in Hyderabad, from where he steadily rose through dedication and hard work. Over the years, he served across the hospitality spectrum, holding roles from kitchen steward and cook to general manager and senior vice president. For the past eighteen years, he has successfully led his own hospitality enterprise, Touch of Class, as its CEO. A doctorate holder from Panama University, he is among only four professionals in Maharashtra with a PhD in Hospitality. Honored with multiple national awards, he also leads the Bhagyam Impact Foundation. About Kiteskraft Productions LLP Kiteskraft Productions LLP, established in 2019, is a premier organizer of National and International Conferences and Award ceremonies across sectors like Education, Business, Healthcare, NGOs, and Entertainment. With a mission to recognize excellence, Kiteskraft honors individuals who drive innovation and outcome-based learning. Certified by ISO and MSME, and registered under MCA, it upholds high standards of quality. Recognized by the Scholar's Book of World Records, Kiteskraft fosters industry collaboration through impactful events. With a dedicated team and a vision for excellence, Kiteskraft Productions LLP continues to inspire, empower, and shape a brighter future. Visit www.kiteskraft.com for more. Photo: 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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