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    FTA with New Zealand to provide huge opportunities for Agra's leather exporters: Goyal
    India, New Zealand to ink free trade pact on April 27; aims to double bilateral trade
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April 26, 2026
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Duty-free market access through India-New Zealand free trade agreement set to expand export opportunities for leather MSMEs.
India's proposed free trade agreement with New Zealand is intended to expand bilateral commerce by providing duty-free access for Indian goods in the New Zealand market and by creating wider opportunities for domestic exporters, including the leather and sports goods sectors. The benefits are particularly significant for Agra's leather and footwear cluster, which is dominated by MSMEs and relies heavily on domestic supply and exports.
April 26, 2026
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Free trade agreement expands market access, services mobility, and regulatory cooperation between India and New Zealand.
India and New Zealand are set to sign a free trade agreement aimed at expanding bilateral trade, improving market access, and deepening investment and services cooperation. The pact provides duty-free or reduced-tariff access for most New Zealand exports while India excludes sensitive products such as dairy, onions, sugar, edible oils, rubber, and certain industrial goods. It also includes a temporary employment visa pathway for Indian professionals, agricultural cooperation, GI facilitation, regulatory cooperation, and faster pharma and medical devices access through acceptance of GMP and GCP inspection reports.
April 25, 2026
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GST compliance enforcement targets undocumented goods movement and strengthens monitoring through intelligence-led interception and RFID tracking.
GST enforcement action resulted in a penalty being imposed on a trader for attempting to move goods without proper documentation, in contravention of GST regulations. The trader was kept under surveillance on specific intelligence inputs and intercepted with the assistance of RFID tracking, enabling monitoring of the goods movement. The operation was carried out by the state tax enforcement team under departmental supervision as a compliance measure to ensure adherence to GST norms.
April 25, 2026
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Aadhaar biometric matching enabled identification of a divyang child and tracing of her family after she was found wandering alone.
Biometric data captured during Aadhaar enrolment was used to identify a divyang child found wandering alone and placed under care and protection. Unable to communicate due to intellectual disabilities, the children's home sought UIDAI assistance, and fingerprint biometrics were matched with existing Aadhaar records. The match enabled tracing of the child's home address and locating her family.
April 25, 2026
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Financial results disclosure highlights stronger deposits, improved asset quality, and normalized profit adjustments for one-time items.
Audited financial results for the quarter and year ended 31 March 2026 show growth in customer business, loans and advances, and deposits, with improved asset quality, stable net interest margin, and healthy capital adequacy. The release states that normalized profit after tax excludes one-time items, including a fraud incident, treasury loss, and income tax refund, and that provisions as a percentage of average loans and average total assets declined through FY26. It also records full expensing of the Chandigarh incident, utilization of contingency provisions on micro-finance, and no further material financial adjustments beyond those already recognized.
April 25, 2026
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Double standards over government bungalow interiors fuel allegations of public fund misuse and inconsistent public messaging.
Allegations were raised regarding the proposed interiors and furnishing of a government bungalow at Lodhi Estate, with claims that the design and amenities were inconsistent with the occupant's self-presentation as a common man. The criticism centred on alleged double standards, including assertions that earlier assurances against using government bungalows or vehicles were not followed and that the accommodation reflected an elite lifestyle rather than the stated public image. Questions were also raised over the alleged use of public or external resources for the bungalow, including claims of funding by a private firm and use of government funds during the Covid period.
April 25, 2026
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Cybersecurity vigilance, common KYC, and investor protection take centre stage as financial regulation adapts to AI-driven fraud.
Financial sector entities were urged to remain exceptionally vigilant on cybersecurity as artificial intelligence tools are making cyberattacks faster, more adaptive, and harder to detect. The article also stressed periodic consultation with foreign regulators, a principles-based soft-touch regulatory approach, common KYC across financial products, stronger investor education, and rapid action against unregistered financial influencers, fake investment content, deepfakes, and impersonation-driven fraud.
April 25, 2026
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Infrastructure project monitoring through PAIMANA tracks ongoing central sector works, sectoral progress, and ministry-wise implementation trends.
Central Sector infrastructure projects worth Rs.150 crore and above are monitored through the PAIMANA portal, a centralized web-based system based on the "one data, one entry" principle and linked with DPIIT's IPMP portal through APIs. As of March 2026, PAIMANA tracks 1,941 ongoing projects across 17 Central Ministries/Departments with a revised cost of Rs.41.50 lakh crore and cumulative expenditure of Rs.19.93 lakh crore. The report records substantial project progress, sector-wise distribution led by Transport & Logistics, and ministry-wise monitoring across major infrastructure portfolios.
April 24, 2026
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Forcible conversion and religious intimidation allegations arise from workplace harassment claims at a software company's BPO unit.
Police sought fresh custody of four accused in a case involving allegations of sexual harassment, forcible conversion, outraging religious feelings and criminal intimidation at a software company's Nashik BPO unit. The complainant alleged that the accused targeted his religious beliefs, forced him to wear a Muslim skull cap, perform Namaz and consume non-vegetarian food, and circulated the incident on an employee WhatsApp group. The remand material also referred to obscene remarks, work coercion, fabricated reports, physical intimidation and death threats.
April 24, 2026
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Banking licence cancellation over depositor protection concerns leads to prohibition on banking business and winding up action.
The Reserve Bank of India cancelled the banking licence issued to Paytm Payments Bank because its affairs were conducted in a manner detrimental to the interests of the bank, its depositors, and the public interest. The bank's management was said to be prejudicial to depositor protection and public interest. As a consequence, the bank is prohibited from conducting any banking business, and the RBI stated that it will apply to the High Court for winding up. The bank was also barred from onboarding new customers with effect from March 11, 2022.
April 24, 2026
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Bilateral trade agreement talks advance as India and the United States revisit tariffs, market access, and trade facilitation terms.
Trade talks between India and the United States on the first phase of a bilateral trade agreement have made positive progress, with both sides agreeing to remain engaged as discussions continue. The negotiations covered market access, non-tariff measures, technical barriers to trade, customs and trade facilitation, investment promotion, economic security alignment and digital trade, while the agreement framework is being revisited in light of changed tariff conditions in the United States. The report also notes that the US Trade Representative launched unilateral investigations affecting India under Section 301 of trade law, which India has strongly rejected and sought to have terminated for lack of cogent rationale.
April 24, 2026
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Insolvency and bankruptcy reform discussions spotlight emerging challenges, institutional strengthening, and value maximisation across the insolvency ecosystem.
A conclave on the Insolvency and Bankruptcy Code, 2016 marked the Code's tenth year by bringing together judicial members, regulators, insolvency professionals and other stakeholders to reflect on the evolution of India's insolvency regime. The discussions highlighted institutional strengthening, regulatory and judicial developments, and emerging issues such as enforcement and restitution of attached assets in CIRP, aviation insolvency, real estate insolvency, disciplinary frameworks and stakeholder synchronisation for value maximisation.
April 24, 2026
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Bilateral trade agreement talks advance as India and the United States discuss market access, digital trade, and customs facilitation.
India and the United States advanced discussions on a proposed Interim Agreement within the broader India-U.S. Bilateral Trade Agreement framework. An Indian delegation visited Washington, D.C. to refine the terms of the Interim Agreement and continue negotiations on market access, non-tariff measures, technical barriers to trade, customs and trade facilitation, investment promotion, economic security alignment, and digital trade.
April 24, 2026
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Foreign exchange reserves rise as RBI data shows gains in currency assets, gold holdings, and IMF reserve position.
India's foreign exchange reserves increased during the reporting week, with the Reserve Bank of India attributing the movement to changes in foreign currency assets, gold holdings, Special Drawing Rights, and the reserve position with the IMF. The report also notes that reserves had previously fallen after reaching an all-time high, as geopolitical uncertainty weighed on the rupee and prompted intervention in the forex market through dollar sales. Foreign currency assets rose in dollar terms, reflecting currency movements in the reserve portfolio.
April 24, 2026
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Trade agreement negotiations advance as India and the United States keep engaged on market access and digital trade issues.
India and the United States continued discussions on an interim trade agreement and the broader bilateral trade agreement framework, with both sides agreeing to remain engaged to preserve negotiation momentum. The talks covered market access, non-tariff measures, technical barriers to trade, customs and trade facilitation, investment promotion, economic security alignment and digital trade.
April 24, 2026
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Domestic consumption and predictable policy support remain central to sustaining GDP growth and banking sector adjustment.
Domestic consumption is supporting economic growth, and predictable policy support is said to be necessary to sustain GDP expansion. Banking policy issues include whether third-party products should be sold through exclusive tie-ups or an open architecture approach, with the Indian Banks Association examining the question. The remarks also emphasise customer contact, digitalisation, artificial intelligence coordination among banks, and continued disinvestment of IDBI Bank.
April 24, 2026
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Income tax provisions and labour code adjustments shaped the company's reported results, adjusted margins, and cash flow measures.
The financial statements and notes record an income tax expense position that includes reversal of tax provisions pursuant to orders received under sections 250 and 254 of the Income Tax Act, 1961 for certain assessment years. The notes also explain non-IFRS adjustments arising from the Labour Codes notified by the Government of India, which increased gratuity and leave liabilities and affected adjusted operating profit, tax, EPS, and free cash flow measures.
April 24, 2026
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Financial maturity beyond inclusion highlights gaps in household capability, resilience, and informed financial decision-making.
Financial maturity is identified as the next critical frontier beyond financial inclusion in India, with the Financial Maturity Index presenting a multidimensional assessment of household financial capability across Gujarat and Rajasthan. The study measures not only access to financial services, but also knowledge, behaviour, resilience, decision-making, and social context, showing that participation in formal finance does not necessarily produce informed financial conduct. The Index is built from primary survey data and statistical methods, and is presented as a basis for evidence-based policy and institutional alignment focused on capability, behaviour, and financial outcomes.
April 24, 2026
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Bilateral economic cooperation deepens as India and the Czech Republic expand trade, investment, innovation and industrial collaboration.
India's economic engagement with the Czech Republic was advanced through a ministerial visit focused on strengthening bilateral trade, investment and innovation linkages, with emphasis on industrial collaboration in priority sectors. The visit included bilateral discussions with senior Czech leadership, co-chairing of the 13th session of the India-Czech Republic Joint Commission for Economic Cooperation, and the signing of the session protocol. It also involved the India-Czech Business Forum and visits to industrial, technology and research institutions.
April 23, 2026
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Money-laundering investigation over forged authorisations and diverted municipal deposits exposes alleged nexus among officials and private persons.
Money-laundering searches were conducted in an alleged fraud involving municipal fixed deposits, where funds of the Panchkula Municipal Corporation were said to have been diverted through forged and fake authorisation documents. The investigation concerns unauthorised bank accounts, fake fund-migration letters, and transfer of corporation funds to financiers, private persons and real estate entities, with seized documents and allegations of a criminal nexus among municipal, bank and private persons.

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PMLA / Black Money

I-PAC raids: SC quizzes Bengal govt, says ED officers also have fundamental rights

March 24, 2026

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New Delhi, Mar 24 (PTI) The Supreme Court on Tuesday quizzed the West Bengal government over its objection to the maintainability of the Enforcement Directorate's plea on the alleged obstruction by Chief Minister Mamata Banerjee during a raid, asking about the fundamental rights of ED officers.

The top court remarked that some officers of the ED have filed petitions in their individual capacity seeking to know whether they cease to be citizens of India merely because they are officers of the agency.

The West Bengal government has questioned the maintainability of the ED's plea which alleged obstruction by Banerjee and other state authorities during its January 8 search of the office of political consultancy firm Indian Political Action Committee's (I-PAC) in Kolkata. The search was in connection with a money-laundering probe.

A bench of Justices Prashant Kumar Mishra and N V Anjaria was told by senior advocate Kapil Sibal, appearing for Banerjee, that a person who moves the court under Article 32 of the Constitution has to specifically set out which fundamental right of his has been violated.

"Please concentrate on the fundamental rights of the officers of the ED with whom the offence has been committed. If you only concentrate on ED, ED, ED and forget the second petition which is preferred by the individual officers who were the victims of that offence, you may miss the point and you will be in difficulty," Justice Mishra observed.

Sibal argued that the person (Deputy Director Robin Bansal) who filed the writ petition has not claimed a violation of any fundamental right.

"Not only that, assuming he has a fundamental right, then the petition must state which fundamental right has been violated," he said adding that in this particular case the ED is not even a person.

Sibal said any obstruction in the performance of a statutory duty is not a violation of a fundamental right.

"If someone obstructs a police officer, he can't file a petition under Article 32. He also can't file a 226 petition. There will be a prosecution launched for the obstruction of violating his right to discharge his functions," Sibal said.

At this juncture, Justice Mishra remarked, "If the CM barges into an ED investigation and commits an offence, your idea of remedy for the ED is to go to the state government which is headed by the CM and inform them about it and seek remedy?" Responding to the question, Sibal said, "Your lordships are assuming that the chief minister has committed an offence." "If ED is investigating under the Prevention of Money Laundering Act and some other offence has come to the notice of the officers, then the concerned agency, in this case the state government, should be informed as per Section 66 of PMLA," Sibal said.

Justice Mishra then said, "We are not assuming anything. That is the allegation.

"Do not mistake us. Every allegation is based on some facts, if there are no facts, there is no need to be investigated. That is what they are praying for, for CBI to investigate." Questioning the maintainability of the ED's plea over alleged obstruction by Chief Minister Banerjee during a raid, Sibal said a deputy director mentioned in the cause title was not present while the raids were being conducted.

Senior advocate Kalyan Banerjee, also appearing for the chief minister, argued that the state has to give consent for a CBI investigation and the constitutional court has the power in other cases.

The hearing remained inconclusive and will continue on April 14.

On January 15, the top court said the West Bengal chief minister's alleged obstruction in the ED's probe is "very serious" and agreed to examine if a state's law-enforcing agencies can interfere with any central agency's investigation into any serious offence as it stayed FIRs against the ED officials who raided I-PAC.

The ED has alleged interference and obstruction by the state government, including by Banerjee, in its probe and search operation at the I-PAC office and the premises of its director, Pratik Jain, in connection with an alleged coal-pilferage scam.

The top court, while staying the FIRs filed in West Bengal against the ED officials, had also directed the state police to protect the CCTV footage of the raids.

It had issued notices to Banerjee, the West Bengal government, former state DGP Rajeev Kumar and top cops on the ED's petitions seeking a CBI probe against them for allegedly obstructing its raids. PTI PKS PKS KSS KSS

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