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    India-New Zealand FTA to Enter into Force from 20 October 2026
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September 22, 2026
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Tariff liberalisation under the India-New Zealand FTA grants Indian exports duty-free access while protecting sensitive agricultural products.
From 20 October 2026, the India-New Zealand Free Trade Agreement applies duty-free treatment to all tariff lines covering Indian exports to New Zealand, while preserving exclusions for sensitive Indian agricultural products. Market access for New Zealand apples, kiwifruit, and Manuka honey remains subject to tariff rate quotas, minimum import prices, seasonal windows, and safeguards. Services commitments, mobility routes, investment facilitation, agricultural cooperation, and recognition of specified international inspection approvals form further components.
September 21, 2026
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Airport smuggling enforcement targets concealed ganja and gold, leading to passenger interceptions and arrests under customs law.
Customs enforcement at Bengaluru airport involved interception and arrest of passengers allegedly attempting to smuggle hydroponic ganja and gold by concealing the goods in cabin baggage, other baggage, undergarments, or on the body. Cases involved arrivals from Vietnam, Bangkok, Kuala Lumpur, and Abu Dhabi. The Abu Dhabi gold-ornament case involved an arrest under the Customs Act.
September 21, 2026
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Rules of origin prevent third-country transshipment from receiving preferential tariffs under bilateral trade arrangements between partner economies.
India-New Zealand free trade preferences apply only to goods satisfying Rules of Origin. Third-country goods routed through New Zealand cannot receive preferential Indian tariff treatment, as bilateral cumulation is confined to originating materials and goods of India and New Zealand. Sensitive sectors receive no duty concessions, while a bilateral safeguard mechanism addresses sudden import surges after duty elimination or reduction. Temporary Employment Entry, student mobility commitments, post-study work opportunities, and exemption from directly funded social-security contributions for temporary Indian residents form part of the services framework.
September 21, 2026
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Banking service continuity is prioritised through dialogue as employee welfare measures and wage negotiations address outstanding demands.
Banking-sector industrial relations are addressed through an appeal to bank employees to avoid strike action and pursue outstanding demands through dialogue, in order to keep banking services uninterrupted. Most union concerns are considered substantially addressed, while a remaining demand continues to be examined. The demand for withdrawal of the Performance Linked Incentive scheme had been addressed by placing that scheme in abeyance following detailed discussions. Employee welfare measures, wage revisions, and negotiations for the forthcoming Bipartite Settlement are intended to support workforce welfare and banking-sector efficiency.
September 21, 2026
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Money-laundering investigation addresses alleged use of a middleman to demand, receive, move and conceal corruption proceeds.
Money-laundering proceedings were initiated from corruption FIRs alleging that a middleman was used to demand and receive illegal gratification. Investigation concerns the alleged facilitation of receipt and movement of funds, supported by searches yielding cash seizure and freezing of financial accounts. Financial records and digital devices allegedly indicated unexplained deposits, investments, transactions involving the officer, and possible involvement of other public servants. The inquiry is tracing alleged proceeds of crime and the role of associated persons and entities.
September 21, 2026
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FCNR(B) foreign-currency deposits use a swap facility to mobilise non-resident funds without direct rupee exchange-rate risk.
RBI's special USD-INR foreign-exchange swap facility mobilised foreign-currency inflows through FCNR(B) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings. The FCNR(B) deposit window closed on 31 August 2026 after its mobilisation objective was achieved, while the facility remained available for the other two channels until 31 December 2026. FCNR(B) collections were revised upward to approximately USD 133 billion. Such deposits are fixed-term foreign-currency deposits with principal and interest repayable in the same currency, avoiding direct rupee exchange-rate risk for non-resident depositors.
September 21, 2026
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GST bribery investigation concerns alleged illegal gratification sought to resolve quarry firm's tax and royalty proceedings.
GST-related corruption allegations concern an alleged demand for illegal gratification from a stone-quarrying firm to resolve GST and royalty proceedings. A Customs House Agent was apprehended in a trap operation while allegedly accepting the negotiated amount on behalf of a CGST Superintendent and an Additional Commissioner. Custody proceedings involved written communication of arrest grounds and intimation to relevant family members and advocates.
September 21, 2026
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Rural infrastructure financing supports irrigation, roads, water supply, warehousing and micro-irrigation through structured lending and implementation oversight.
Haryana's 2026-27 rural infrastructure financing plan comprises six proposals for irrigation, roads, drinking-water supply and warehousing, with loan assistance proposed under the Rural Infrastructure Development Fund. Infrastructure Development Assistance has been sanctioned for the India International Horticulture Market, while further micro-irrigation proposals have been recommended under the Micro Irrigation Fund. Implementation oversight emphasises faster project execution and timely drawal claims, alongside borrowing approval and prospective support for water security, groundwater recharge, efficient irrigation and treated-wastewater reuse.
September 21, 2026
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Money laundering allegations in illegal cricket betting prompted investigative custody and examination of suspected routing of betting proceeds.
Money-laundering investigation into an organised illegal cricket-betting syndicate concerns the alleged use of online platforms, encrypted messaging channels, and a principal bookie to solicit, accept, and settle bets. Betting-derived funds were allegedly routed through a partnership firm represented as non-operational, whose account recorded substantial corresponding credits and debits. Property and vehicle records, digital data, and statements under the PMLA are relied upon to allege the acquisition, possession, use, transfer, and projection of proceeds of crime as untainted property.
September 21, 2026
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Money laundering allegations concern foreign portfolio investments, alleged share-price manipulation, attachment, and proposed confiscation of betting proceeds.
PMLA proceedings name Nishant Pitti in relation to allegations that proceeds from illegal online betting were introduced into Indian equity markets as foreign portfolio investments. The allegations attribute to him a role in facilitating and layering such proceeds through pre-arranged share-price manipulation involving Easy Trip Planners Ltd. Property action includes provisional attachment of his DEMAT shares, described as proceeds of crime, and a request for confiscation.
September 21, 2026
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National accounts modernisation adopts updated data sources, revised sector methods, and proportional Denton benchmarking for improved GDP estimates.
National Accounts Statistics in the new series use base year 2022-23, replacing the 2011-12 series. The series was updated to reflect changes flowing from the new Producer Price Index and Index of Industrial Production series. Methodological modernization expands corporate and financial-sector data coverage, refines general-government treatment, and adopts direct household-sector estimation from the Annual Survey of Unincorporated Sector Enterprises and the Periodic Labour Force Survey. Private Final Consumption Expenditure adopts COICOP 2018, while Quarterly National Accounts use the Proportional Denton approach and greater Goods and Services Tax and administrative-data use.
September 21, 2026
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Electoral roll verification requires unmapped voters to establish linkage or submit prescribed documents before final enrolment.
Special Intensive Revision of Nagaland's electoral roll applies a mapping and verification process by reference to the 2005 electoral roll. Electors recorded under no-mapping or mapping-anomaly categories, including persons unable to establish linkage to an elector in the 2005 roll, are to receive notices from Electoral Registration Officers or Assistant Electoral Registration Officers. They must furnish prescribed supporting documents, calibrated to their date or year of birth, for verification. Non-registration in the 2005 roll does not itself cause automatic exclusion.
September 21, 2026
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Trade pact negotiations and Russian energy tariffs shape market-access commitments and potential import-duty exposure for exporters.
India and Canada have accelerated negotiations for a Comprehensive Economic Partnership Agreement to establish a bilateral trade framework for goods and services. A United States law concerning sanctions on Russia and Iran authorises tariffs of up to 100 per cent on imports from leading purchasers of Russian crude oil or natural gas, creating potential tariff exposure for Indian exports. The India-European Union trade pact contemplates immediate duty elimination on 90 per cent of Indian goods and phased elimination on a further three per cent over seven years, subject to ratification.
September 21, 2026
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Semiconductor ecosystem policy requires predictable regulation, integrated clusters, and coordinated support to convert domestic demand into local value creation.
Semiconductor ecosystem development in India is centred on converting expanding domestic demand into local manufacturing, innovation and supply-chain resilience. A predictable fiscal and regulatory environment, alignment of central and state semiconductor policies, integrated manufacturing clusters and talent-certification programmes are important to project viability and commercialisation. Advanced packaging, compound semiconductors, photonics and chip-to-system integration offer high-potential areas, requiring policy certainty, streamlined approvals and long-term support for research, talent and supplier development.
September 21, 2026
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Legal and NPA advisory services receive recognition for social welfare, women's employment, legal awareness, and financial dispute-resolution work.
Felicitation of Advocate V. K. Dubey recognised his stated work in women's employment, public welfare, banking, NPA resolution, legal awareness, and social service. His profile encompasses civil, criminal, non-performing asset, banking, corporate, and settlement matters; leadership of bodies engaged in financial-dispute resolution; and legal assistance and public awareness intended to improve access to justice for marginalised persons. Associated initiatives include education and support for disadvantaged communities and wider social empowerment.
September 21, 2026
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Rupee appreciation reflected lower crude oil prices, stronger domestic equities, and improved risk sentiment amid diplomatic expectations.
Rupee appreciation against the US dollar followed lower crude oil prices, improved global risk sentiment, positive domestic equity markets, and softer US Treasury yields. Dollar index strength, geopolitical developments, and possible increases in oil supplies remained relevant to currency movements. Market commentary anticipated a slight positive rupee bias if crude oil prices continued to ease, while renewed geopolitical tensions could weaken risk sentiment. Net foreign institutional investment and a decline in foreign exchange reserves also formed part of the market context.
September 21, 2026
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Reciprocal tariffs and AI incident notifications frame bilateral talks on trade, security, technology and arms sales.
US sanctions legislation authorises the President to impose tariffs, including up to 100 per cent, on countries purchasing Russian oil and gas. China rejects tariffs directed at its Russian energy purchases and opposes unilateral sanctions and long-arm jurisdiction absent an international-law basis or a UN Security Council mandate. Washington and Beijing are also negotiating a reciprocal tariff-reduction framework covering products from both sides.
September 21, 2026
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Gold recycling and financialisation can reduce import dependence by mobilising household holdings through exchange, credit and non-physical investment.
Organised gold recycling, responsible sourcing, gold loans and financialised gold products are identified as ways to reduce reliance on fresh gold imports. Exchanging old jewellery can meet retail demand from existing domestic holdings, while gold loans unlock credit without requiring households to sell their gold. Gold ETFs and digital gold permit exposure to gold's value without physical possession and may reduce physical import demand. Transparency, trust and supporting infrastructure are necessary to integrate household gold into an organised formal economy.
September 21, 2026
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Tribunal infrastructure and member vacancies: amenities assessment and bench-level data collection address reduced sittings across company-law benches.
The Supreme Court required the Central Government urgently to identify, in consultation with the Tribunal President, infrastructural amenities needed by tribunal benches. The Principal Bench Bar Association was required to compile tabulated infrastructure data for every regional bench. At least 18 benches were asserted to conduct half-day sittings because of member shortages, against a sanctioned complement that remained unchanged despite expanded insolvency jurisdiction.
September 21, 2026
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Duty-free access for Indian exports under the India-New Zealand trade agreement begins with its entry into force.
The India-New Zealand Free Trade Agreement will grant duty-free access in New Zealand to all Indian exports, displacing existing peak tariffs on products such as ceramics, carpets, automobiles, and auto components. Scheduled to enter into force on 20 October 2026, the agreement also includes New Zealand's long-term investment commitment in India.

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Protesters demand immigration agents leave Minneapolis after man is shot and killed during crackdown

January 25, 2026

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Minneapolis, Jan 25 (AP) Democrats demanded that federal immigration officers leave Minnesota after a US Border Patrol agent fatally shot a man in Minneapolis, drawing hundreds of protesters onto the frigid streets and increasing tensions in a city already shaken by another shooting death weeks earlier.

Family members identified the man who was killed as Alex Pretti, a 37-year-old intensive care unit nurse who protested President Donald Trump's immigration crackdown in his city. After the shooting, an angry crowd gathered and protesters clashed with federal officers, who wielded batons and deployed flash bangs.

The Minnesota National Guard was assisting local police at the direction of Gov. Tim Walz, officials said. Guard troops were sent to both the shooting site and a federal building where officers have squared off with demonstrators daily.

Information about what led up to the shooting was limited, Police Chief Brian O'Hara said.

Department of Homeland Security spokesperson Tricia McLaughlin said in a statement that federal officers were conducting an operation and fired “defensive shots” after a man with a handgun approached them and “violently resisted” when they tried to disarm him.

In bystander videos of the shooting that emerged soon after, Pretti is seen with a phone in his hand but none appears to show him with a visible weapon.

O'Hara said police believe he was a “lawful gun owner with a permit to carry.” DHS Secretary Kristi Noem said during a news conference that Pretti had shown up to “impede a law enforcement operation.” She questioned why he was armed but did not offer details about whether Pretti drew the weapon or brandished it at officers.

The officer who shot him is an eight-year Border Patrol veteran, federal officials said.

Trump blames Democrats ----------------------------- The president weighed in on social media by lashing out at Walz and the Minneapolis mayor.

He shared images of the gun that immigration officials said was recovered and said: “What is that all about? Where are the local Police? Why weren't they allowed to protect ICE Officers?” Trump, a Republican, said the Democratic governor and mayor are “are inciting Insurrection, with their pompous, dangerous, and arrogant rhetoric.” Rep. Alexandria Ocasio-Cortez of New York was among several Democratic lawmakers demanding federal immigration authorities leave Minnesota. She also urged Democrats to refuse to vote to fund US Immigration and Customs Enforcement, saying via social media: “We have a responsibility to protect Americans from tyranny.” Senate Democratic Leader Chuck Schumer later said that Democrats will not vote for a spending package that includes money for DHS, which oversees ICE. Schumer's statement increases the possibility that the government could partially shut down January 30 when funding runs out.

Pretti was shot just over a mile from where an ICE officer killed 37-year-old Renee Good on January 7, sparking widespread protests.

Pretti's family released a statement Saturday evening saying they are “heartbroken but also very angry” and calling him a kindhearted soul who wanted to make a difference in the world through his work as a nurse.

“The sickening lies told about our son by the administration are reprehensible and disgusting. Alex is clearly not holding a gun when attacked by Trump's murdering and cowardly ICE thugs. He has his phone in his right hand and his empty left hand is raised above his head while trying to protect the woman ICE just pushed down all while being pepper sprayed," the family statement said. “Please get the truth out about our son. He was a good man.” Video shows officers, man who was shot -------------------------------------------- In a bystander video obtained by The Associated Press, protesters are heard blowing whistles and shouting profanities at federal officers on Nicollet Avenue.

An officer shoves a person who is wearing a brown jacket, skirt and black tights and carrying a water bottle. That person reaches out for a man, and the two link up, embracing. The man, wearing a brown jacket and black hat, seems to be holding his phone up toward the officer.

The same officer shoves the man in his chest and the two, still embracing, fall back.

The video shifts to a different part of the street and then comes back to the two individuals unlinking from each other. It shifts focus again and then shows three officers surrounding the man.

Soon at least seven officers surround him. One is on his back, and another who appears to have a canister in his hand strikes a blow to his chest. Several officers try to bring the man's arms behind his back as he appears to resist. As they pull his arms, his face is briefly visible. The officer with the canister strikes him near his head several times.

A shot rings out, but with officers surrounding the man, it's not clear where it came from. Multiple officers back off. More shots are heard. Officers back away, and the man lies motionless on the street.

The police chief appealed for calm, both from the public and from federal law enforcement.

“Our demand today is for those federal agencies that are operating in our city to do so with the same discipline, humanity and integrity that effective law enforcement in this country demands,” the chief said. “We urge everyone to remain peaceful." Gregory Bovino of US Border Patrol, who has commanded the administration's big-city immigration campaign, said the officer who shot the man had extensive training as a range safety officer and in using less-lethal force.

“This is only the latest attack on law enforcement. Across the country, the men and women of DHS have been attacked, shot at,” he said.

Walz said he had no confidence in federal officials and the state would lead the investigation into the shooting.

But Drew Evans, superintendent of the Minnesota Bureau of Criminal Apprehension, said during a news conference that federal officers blocked his agency from the scene even after it obtained a signed judicial warrant.

Protests continue -------------------- Demonstrations broke out in several cities across the country including New York, Washington and Los Angeles.

In Minneapolis, protesters converged at the scene of the shooting in Minneapolis despite dangerously cold weather — by the afternoon the worst of an extreme cold wave was over, but the temperature was still -6 degrees (-21 Celsius).

An angry crowd gathered after the shooting and screamed profanities at federal officers, calling them “cowards” and telling them to go home. One officer responded mockingly as he walked away, telling them: “Boo hoo.” Agents elsewhere shoved a yelling protester into a car. Protesters dragged garbage dumpsters from alleyways to block streets, and people chanted “ICE out now” and “Observing ICE is not a crime.” As dark fell hundreds of people mourned quietly by a growing memorial at the site of the shooting. Some carried signs saying “Justice for Alex Pretti.” Others chanted Pretti's and Good's names. A doughnut shop and a clothing store nearby stayed open, offering protesters a warm place as well as water, coffee and snacks.

Caleb Spike said he came from a nearby suburb to show his support and his frustration. “It feels like every day something crazier happens,” he said. “What's happening in our community is wrong, it's sickening, it's disgusting.” (AP) GSP

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