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    DRI detects 13 kg foreign-origin gold worth around Rs. 19.41 crore and dismantles a gold smuggling syndicate in Gujarat; three arrested
    India and New Zealand sign Memorandum of Cooperation (MoC) on Electronic Origin Data Exchange to Facilitate Bilateral Trade Under the India-New Zealan...
    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
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October 21, 2026
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Gold smuggling enforcement targets airport concealment, illegal melting and jewellery-market disposal within organised customs-law networks.
Customs enforcement action concerned an organised gold-smuggling syndicate that allegedly imported foreign-origin gold through airports by concealing it as rhodium-coated wires, within trolley-bag linings and as gold paste. The distribution chain allegedly involved handlers, intermediaries, an illegal melting facility and cash sales through a jewellery outlet. Searches uncovered gold, evidence of illegally melted gold, undocumented bars, and records of smuggled-gold dealings, while identifying a financier and other network participants.
October 21, 2026
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Electronic origin data exchange supports customs cooperation, trade facilitation, and efficient use of bilateral trade preferences.
Electronic origin data exchange for trade in goods is established through a Memorandum of Cooperation between the Indian and New Zealand customs administrations under the India-New Zealand Free Trade Agreement. The arrangement provides for advance electronic sharing of origin data, strengthening bilateral customs cooperation and supporting implementation of trade-facilitation measures. The mechanism supports effective use of FTA trade preferences and facilitates delivery of negotiated benefits to eligible businesses in both countries.
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
Show AI Summary
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
Show AI Summary
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.

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Merck India hosts 6th Merck-Tagore Award: Honours Professor Dr. Lars-Christian Koch for Promoting Intercultural Exchange between India and Germany

February 10, 2026

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MUMBAI, India, Feb. 10, 2026 /PRNewswire/ -- Merck, a leading science and technology company, in collaboration with Goethe-Institut / Max Mueller Bhavan India, the official cultural institute of the Federal Republic of Germany, presented Professor Dr. Lars-Christian Koch with the prestigious sixth Merck-Tagore Award during a celebratory event held at the Royal Opera House in Mumbai. Prof. Dr. Simon Thelen, Vice Chairman of the Family Board and of the Board of Partners of E. Merck KG, handed over the award to Professor Dr. Lars-Christian Koch, an ethnomusicologist, for his outstanding contribution to intercultural exchange between India and Germany, with a particular focus on the life, music, and legacy of Rabindranath Tagore. The jury of the sixth edition of the Merck-Tagore Award consisted of Christoph Hallier, Consul General of the Federal Republic of Germany in Mumbai; Bjorn Ketels, Director, Goethe-Institut /Max Mueller Bhavan Mumbai; Pratima Reddy, Country Speaker, Merck India and Managing Director, Merck Healthcare in India, and Dr. Martin Kämpchen, the first recipient of the Merck-Tagore Award. Addressing the crowd, Bjorn Ketels, Director, Goethe-Institut /Max Mueller Bhavan Mumbai, said, "The Merck-Tagore Award represents a long-standing partnership between Merck and the Goethe-Institut, grounded in a shared commitment to fostering meaningful intercultural dialogue. Professor Dr. Lars-Christian Koch's body of work exemplifies scholarly depth, attentive listening, and a deep respect for cultural memory. Through his sustained engagement with sound, music, and research, he has created bridges across geographies and disciplines, making his contribution to Indo-German cultural exchange both enduring and deeply relevant." During his acceptance remarks, Professor Dr. Lars-Christian Koch reflected on Rabindranath Tagore's enduring influence, noting that the importance of Tagore "remains anchored in life," and emphasizing that while his own academic and curatorial work has become increasingly global, Tagore's ideas continue to shape his intellectual and cultural engagement. Pratima Reddy, Country Speaker, Merck India, added, "At Merck, we believe that meaningful progress is driven by open exchange across cultures and disciplines. The Merck-Tagore Award reflects this belief by recognising outstanding contributions in the humanities that strengthen intercultural understanding. It is our privilege to honour Professor Dr. Lars-Christian Koch for his deep and sustained engagement with India, and for his significant scholarly work on Rabindranath Tagore's musical and cultural legacy, which continues to foster dialogue between India and Germany." About Professor Dr. Lars-Christian Koch, Winner of the Merck-Tagore Award 2025 Professor Dr. Lars-Christian Koch is an internationally renowned ethnomusicologist whose work has significantly strengthened cultural and academic exchange between India and Germany. His engagement with India, and particularly with Rabindranath Tagore, spans several decades. He was associated with the Tagore Institute in Bonn, founded by musicologist Dr. Trina Purohit-Roy, and later pursued studies in Santiniketan, West Bengal- Tagore's place of residence, with a special interest in the songs of the Indian poet. Professor Koch completed his doctoral dissertation at the University of Bonn in 1994 on classical North Indian music, comparing it with the theory of affects in European philosophy. His habilitation in ethnomusicology at the University of Cologne in 2002 marked a return to Tagore's work and resulted in the publication 'Die Lieder Rabindranath Tagores zwischen Tradition und Moderne' (LIT Verlag, Berlin/Münster, 2012). His ethnomusicological research has taken him extensively to India and South Korea, with academic interests spanning North Indian music, instrumental studies, audiovisual media, and music archaeology. He has curated numerous exhibitions and authored a wide range of scholarly essays and books. Professor Koch is an adjunct professor of ethnomusicology at the University of Cologne, an honorary professor at the Berlin University of the Arts and honorary professor at the Humboldt University Berlin. He holds guest professorships at the University of Chicago and the University Vienna. Since 2018, he has served as Director of the Ethnologisches Museum and the Museum für Asiatische Kunst at Berlin's Humboldt Forum. About the Merck-Tagore Award The Merck-Tagore Award, sponsored by Merck India and granted by the Goethe-Institut / Max Mueller Bhavan India, was introduced in 2012 to honour the life and work of Rabindranath Tagore. This award is one of four literary prizes sponsored and promoted by Merck on a global basis. It is granted to writers and scholars who have made a special contribution to cultural exchange between Germany and India. Merck has a historical connection with Rabindranath Tagore. Within the Merck family, Elisabeth Wolff-Merck took on the task of translating Tagore's theatrical piece 'Chitra' from English into German. Her husband, Kurt Wolff, played a pivotal role in publishing Tagore's works in Germany, contributing significantly to the poet's recognition and acclaim in this country. About Goethe-Institut The Goethe-Institut (known in India as Goethe-Institut / Max Mueller Bhavan) is the Federal Republic of Germany's cultural institute, active worldwide. It promotes the study of German abroad and encourages international cultural exchange. The Goethe-Institut / Max Mueller Bhavan's main areas of interest are determined in consultation with its Indian cooperation partners from the fields of art, science and media, from NGOs and select companies, with whom it jointly develops appropriate programmes and projects. The Institute's activities range from film screenings, exhibitions, theatre performances and concerts to workshops and conferences particularly on innovative topics such as digital, AI and media art. The Institute also initiates and organises contacts and research/residency tours for Indian artists, scientists and journalists who wish to go to Germany, thereby supporting them as promoters of culture and paving the way for deeper international and cultural cooperation. About Merck Merck, a leading science and technology company, operates across life science, healthcare and electronics. More than 62,000 employees work to make a positive difference to millions of people's lives every day by creating more joyful and sustainable ways to live. From providing products and services that accelerate drug development and manufacturing as well as discovering unique ways to treat the most challenging diseases to enabling the intelligence of devices – the company is everywhere. In 2024, Merck generated sales of € 21.2 billion in 65 countries. Scientific exploration and responsible entrepreneurship have been key to Merck's technological and scientific advances. This is how Merck has thrived since its founding in 1668. The founding family remains the majority owner of the publicly listed company. Merck holds the global rights to the Merck name and brand. The only exceptions are the United States and Canada, where the business sectors of Merck operate as MilliporeSigma in life science, EMD Serono in healthcare, and EMD Electronics in electronics. All Merck press releases are distributed by e-mail at the same time they become available on the Merck website. Please go to www.merckgroup.com/subscribe to register online, change your selection or discontinue this service. Photo: https://mma.prnewswire.com/media/2890780/Merck_Tagore_Award.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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