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    Union Minister of Commerce and Industry Shri Piyush Goyal to Visit Germany and the Netherlands to Strengthen Trade, Investment and Industrial Cooperat...
    DRI seizes more than 9 kg methamphetamine in intensified crackdown on synthetic drug trafficking in Bhopal; One held
    Growth with Responsibility: The Next Balance Sheet - Special Address by Shri Swaminathan J, Deputy Governor, Reserve Bank of India at the FE Modern BF...
    India–New Zealand FTA to Come into Force on 20th October 2026 on Vijay Dashmi, Opening New Opportunities for Indian Exporters
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    Saturation Campaign of Financial Inclusion (FI) Schemes to Run from 21st October 2026 to 31st December 2026
    DRI detects 13 kg foreign-origin gold worth around Rs. 19.41 crore and dismantles a gold smuggling syndicate in Gujarat; three arrested
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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
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    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
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October 22, 2026
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Trade and investment cooperation will be advanced through industrial, technology and green-transition dialogues, business roundtables and bilateral consultations.
India's economic engagement with Germany and the Netherlands is intended to expand bilateral trade, investment corridors, industrial and technological collaboration, and green-transition initiatives. Discussions cover market access, investment opportunities associated with free trade agreement negotiations, advanced engineering, clean technology, resilient supply chains, and logistics connectivity. Businesses and startups will participate in sectoral roundtables, investment interactions, and business-to-business networking across manufacturing, technology, agri-food, healthcare, renewable energy, logistics, textiles, and services.
October 22, 2026
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Synthetic drug trafficking enforcement led to methamphetamine seizure and arrest following intelligence-based interception at an inter-city bus terminal.
Intelligence-led enforcement against synthetic drug trafficking resulted in the seizure of 9.139 kg of crystalline methamphetamine and the arrest of a bus passenger following interception at an inter-city bus terminal. The substance was concealed in clothing packets within trolley bags, field-tested and seized under the Narcotic Drugs and Psychotropic Substances Act, 1985. Synthetic narcotics trafficking is identified as using inter-city transport networks, cross-border routes and coastal corridors.
October 21, 2026
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Growth with sound controls requires regulated institutions to retain accountability, protect trust, and respond rapidly to digital risks.
Financial-sector growth in an increasingly digital and interconnected system must be accompanied by a control environment commensurate with the pace and nature of growth. Digital onboarding, AI-led underwriting and autonomous workflows may lower costs, improve customer experience and widen access, but not every process friction is inefficiency. Technology cannot eliminate underlying risk. Before a manual check is automated or removed, institutions should identify the risk it controlled and determine where that control will reside. Process outsourcing through fintechs, external platforms or third-party models does not transfer responsibility associated with the regulated institution's licence.
October 21, 2026
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Duty-free market access under the India-New Zealand Free Trade Agreement expands exports, services mobility, agricultural cooperation, and trade safeguards.
New Zealand eliminates customs duties on all tariff lines for Indian exports, providing 100% duty-free access for sectors including textiles, leather, engineering goods, automobiles, chemicals, pharmaceuticals, agricultural products and processed foods. Sensitive products, including dairy, sugar, edible oils and key agricultural commodities, remain excluded from concessions. Rules of origin, bilateral safeguard measures and anti-circumvention provisions are intended to ensure that preferential benefits reach genuine Indian exporters and to protect vulnerable agricultural and rural interests. Tariff Rate Quotas for apples, kiwifruit and Ma nuka honey are linked to delivery of Agricultural Productivity Partnership Action Plans.
October 21, 2026
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Cross-border cannabis trafficking enforcement targets truck-based concealment methods, with narcotics and transport vehicle seized under NDPS law.
Intelligence-led narcotics enforcement resulted in the seizure of 591.3 kg of ganja concealed in specially fabricated compartments of a truck suspected to have carried contraband from Nepal into Uttar Pradesh. Surveillance based on specific intelligence led to interception of the vehicle, from which 81 packets were recovered from cavities above the hood and behind the driver's seat. The ganja consignment and the transport vehicle were seized under the Narcotic Drugs and Psychotropic Substances Act, 1985.
October 21, 2026
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Cross-border cigarette smuggling triggers customs seizure where foreign-origin packs lack mandatory pictorial health warnings and are transported illicitly.
Cross-border cigarette smuggling was detected through intelligence-led surveillance on the Champhai-Aizawl Road in Mizoram. A truck was intercepted at Tuirial village, resulting in recovery of 432 cases containing 43,20,000 sticks of foreign-origin "Patron" cigarettes. The packets lacked mandatory pictorial and health warnings under the Cigarettes and Other Tobacco Products Act, 2003. The cigarettes and truck were seized under the Customs Act, 1962, and the driver was arrested.
October 21, 2026
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Financial inclusion saturation campaign organises bank camps for insurance, pension, account access, KYC, fraud awareness, and agricultural credit enrolment.
The financial inclusion saturation campaign will operate through bank camps providing enrolment in insurance and pension schemes, opening of basic bank accounts, Aadhaar seeding, re-KYC, central KYC identifier generation, and nomination updates. Camps will also conduct awareness sessions on financial-inclusion schemes, digital fraud and unclaimed financial assets, source agricultural credit applications for eligible farmer-beneficiaries, and facilitate crop-insurance enrolment for the upcoming Rabi season.
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
Show AI Summary
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.

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Customs & Trade

Congress claims US trade deal has become an 'ordeal', Rahul says 'PM compromised'

February 21, 2026

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New Delhi, Feb 21 (PTI) After the US Supreme Court struck down President Donald Trump's global tariffs, Congress leader Rahul Gandhi accused Prime Minister Narendra Modi of being "compromised", saying his "betrayal" in the India-US interim trade deal stood exposed.

The Congress alleged that the trade deal had become an "ordeal" for the country subjected to by the prime minister's "desperation and surrender".

"The PM is compromised. His betrayal now stands exposed. He can't renegotiate. He will surrender again," Gandhi said in a post on X.

This comes a day after the US Supreme Court struck down President Donald Trump's global tariffs.

Congress general secretary in-charge communications Jairam Ramesh claimed that if Prime Minister Modi had not been so "desperate" to protect his "fragile image" and waited just 18 days more, Indian farmers would have been saved from the agony and distress, and Indian sovereignty would have been protected.

"Yesterday after the US Supreme Court struck down his tariffs policy, President Trump declared that (i) Mr. Modi is his great friend; (ii) the India-US trade deal will continue as announced; (iii) he had personally halted Operation Sindoor on May 10 2025 by threatening to increase tariffs on Indian exports to the US if India did not halt Operation Sindoor," Ramesh said on X on Saturday.

On February 2, President Trump was the first to announce that the India-US trade deal had been finalised and said that "out of friendship and respect for Prime Minister Modi and, as per his request, effective immediately, we agreed to a trade deal between the United States and India", the Congress leader said.

"What forced Prime Minister Modi to ensure President Trump announced the India-US trade deal in the night of February 2...?" Ramesh asked. "What had happened in the Lok Sabha that afternoon that had compelled Mr. Modi to get so desperate and reach out to his good friend in the White House to create a diversion?" "The India-US trade deal is really an ordeal that India is being subjected to by the Prime Minister's desperation and surrender," he said.

Congress general secretary Randeep Surjewala after the US Supreme Court quashed presidential powers to impose tariffs under the IEEPA (International Emergency Economic Powers Act, 1977), President Trump has announced the imposition of 10 per cent additional tariffs under Section 122 of the Trade Act, 1974.

"The simple questions are - are these tariffs sustainable viz-a-viz India? Can these tariff provisions be justifiably applied to India? "Will these new tariffs still hold the US-India Trade Deal (Framework Agreement), which is being widely opposed by farmers, small and medium businesses, energy and data experts, and economists alike," he posted on X.

"Will the Modi government now show the courage to walk out of a one-sided US-India Trade Deal?" Surjewala asked.

He also asked if Modi Government will now declare in "national interest" that it will buy cheaper Russian and Iranian crude oil with a view to ensure "energy security" of the country.

"Will the Modi government declare that it will no longer withdraw 'non-tariff barriers', i.e., withdraw the meagre subsidy on agriculture or permit import of genetically modified crops into India, thereby protecting our seed integrity, purity, and biodiversity? "Will the Modi Government now declare that it is no longer under an obligation to import USD 500 billion worth of American goods (Rs 45 lakh crore) over the next 5 years on zero tarrif and thereby protect Indian manufacturers and industry? Will the Modi government promise to protect India's data and digital security?" he asked.

In the wake of the Supreme Court verdict against Trump's tariffs, he said he is imposing, for a period of 150 days, a “temporary import surcharge of 10 per cent ad valorem” on articles imported into the United States, effectively lowering the tariff rate to 10 per cent from 18 per cent.

In a major setback to what was Trump’s pivotal economic agenda in his second term, the US Supreme Court, in a 6-3 verdict written by Chief Justice John Roberts, ruled that the tariffs imposed by Trump on nations around the world were illegal and that the president had exceeded his authority when he imposed the sweeping levies.

Earlier this month, as the US and India announced they reached a framework for an Interim Agreement on trade, Trump issued an Executive Order removing the 25 per cent punitive tariffs imposed on India for its purchases of Russian oil, with the US president noting the commitment by New Delhi to stop directly or indirectly importing energy from Moscow and purchasing American energy products.

Under the trade deal, Washington would charge a reduced reciprocal tariff on New Delhi, lowering it from 25 per cent to 18 per cent.

Shortly after the court verdict, Trump asserted that there is "no change" in the trade deal with India.

"I think my relationship with India is fantastic and we're doing trade with India... India was getting its oil from Russia. And they pulled way back at my request, because we want to settle that horrible war where 25,000 people are dying every month," Trump said at a news conference Friday in the White House.

Trump said his relationship with Prime Minister Modi "is great". He then went on to repeat the claim that he stopped the war between India and Pakistan last summer using tariffs.

When asked about the deal with India, Trump said, "Nothing changes. They'll be paying tariffs, and we will not be paying tariffs.

"This is a reversal for what it used to be, as you know, India -- and I think Prime Minister Modi is a great gentleman, a great man, actually. But he was much smarter than the people that he was against in terms of the United States, he was ripping us off.

"So we made a deal with India. It's a fair deal now," Trump said. PTI ASK/SKC SKY SKY

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