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April 27, 2026
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Dairy sector protection under FTAs remains India's policy, with limited export-only processing and safeguarded concessions in select imports.
India has not offered duty concessions in the dairy sector under its free trade agreements and has maintained a consistent policy of protecting the domestic dairy market. The foreign trade policy permits foreign firms to import raw materials or ingredients, process them in India and re-export the goods in full, but not sell them domestically. The India-New Zealand trade pact includes an investment arrangement for export-only processing and provides quota-based duty concessions on certain dairy items subject to minimum import price and other safeguards, with phased tariff reduction for specified dairy products.
April 27, 2026
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India-New Zealand free trade agreement expands duty-free market access, investment ties and opportunities for MSMEs and youth.
India-New Zealand free trade agreement strengthens bilateral economic partnership and is presented as a balanced instrument to expand trade, investment and shared prosperity. It creates new opportunities for farmers, artisans, youth, entrepreneurs, women and MSMEs by opening market access across agriculture, manufacturing, technology, education and services. The pact also supports skills, talent and mobility, promotes traditional knowledge systems, advances supply chain resilience, and provides duty-free access for all of India's exports to New Zealand across all tariff lines.
April 27, 2026
Show AI Summary
Free trade agreement expands market access, tariff-free trade and agricultural cooperation between India and New Zealand.
A free trade agreement between India and New Zealand is described as a strategic and economic commitment to stable, predictable and rules-based trade. The pact is said to widen access for New Zealand exporters to the Indian market, give Indian exporters tariff-free access to New Zealand from the outset, improve access for Indian consumers, support export diversification, and deepen bilateral cooperation in agriculture, agri-tech and food production.
April 27, 2026
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Free trade agreements move forward as India pursues pacts with the EU and US alongside New Zealand deal
India is advancing a series of free trade agreements, with the New Zealand agreement expected to enter into force by the end of the year and described as the seventh such pact concluded during the current tenure. Negotiations with the European Union have been closed, while agreements with the European Union and the United States are expected in the coming months. Talks with the United States have focused on market access, non-tariff measures, technical barriers to trade, customs and trade facilitation, investment promotion, economic security alignment and digital trade.
April 27, 2026
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Free trade agreement expands duty-free access, services market entry and skilled mobility between India and New Zealand.
India and New Zealand have concluded a comprehensive free trade agreement providing duty-free access for all Indian exports to New Zealand across tariff lines, including textiles, apparel, leather, footwear, gems and jewellery, engineering goods and processed foods. The pact also contemplates New Zealand investment commitments, phased tariff liberalisation by India on a significant share of New Zealand tariff lines, and exclusions for sensitive Indian sectors such as dairy, certain agricultural goods, sugar, arms and ammunition, and specified metals-related products.
April 27, 2026
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Fertiliser supply security remains stable as India plans imports, keeps urea and DAP prices unchanged.
India plans substantial imports of urea and other fertilisers for the kharif season in response to higher global prices and supply disruptions linked to the West Asia crisis, while maintaining unchanged retail prices for farmers. The government has stated that urea continues to be sold at the existing controlled price and that there is adequate supply for the season, with imports already received, additional quantities secured through global tender, and further consignments expected to arrive to support availability. Domestic urea production was affected by force majeure on gas deliveries, but higher gas availability has since improved output, and global tenders have been initiated for non-urea fertilisers to ensure peak-season supply.
April 27, 2026
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Free trade agreement boosts duty-free access for Indian exports, strengthens MSMEs, and protects agriculture and dairy.
India-New Zealand free trade agreement was signed as a landmark step in bilateral partnership, aimed at deepening developmental cooperation and expanding two-way trade and investment. The arrangement provides duty-free access for Indian exports to New Zealand across all tariff lines, strengthening labour-intensive sectors, MSMEs and employment, while agriculture and dairy remain fully protected. It also supports students, skilled professionals, agriculture, manufacturing, innovation and technology.
April 27, 2026
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Hydration Partnership and sustainability shape Bisleri's role at the TCS World 10K Bengaluru 2026
Bisleri International returned as the Official Hydration Partner for the TCS World 10K Bengaluru 2026, providing hydration stations and mist zones across the race categories. The partnership also highlights sustainability through Bisleri's Greener Promise initiative, including recycled plastic benches and limited edition bottles featuring marathon icons. Bisleri's broader business profile emphasizes packaged drinking water, quality testing, purification, distribution reach and sustainability-focused initiatives.
April 27, 2026
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Rupee pressure amid crude oil spike and foreign selling, with market eyes on possible RBI intervention.
The rupee closed marginally stronger against the US dollar after recovering from intraday weakness, but remained under pressure from global uncertainty, West Asia tensions, elevated crude oil prices and foreign institutional investor selling. Market commentary noted a negative underlying bias, with traders watching the possibility of RBI intervention around higher levels. The report also noted a slight decline in the dollar index, higher Brent crude prices, rising domestic equities and an increase in India's foreign exchange reserves over the reporting week.
April 27, 2026
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Money laundering probe under PMLA triggers searches for proceeds of crime and benami assets linked to suspended police DIG.
Enforcement Directorate searches were conducted at multiple premises in Punjab in a money laundering probe under the Prevention of Money Laundering Act against suspended police DIG Harcharan Singh Bhullar, his associates and suspected benamidars. The investigation arises from a CBI case alleging illegal gratification through a middleman and assets disproportionate to known sources of income. The searches were intended to trace proceeds of crime, identify benami assets and collect evidence relating to money laundering.
April 27, 2026
Show AI Summary
Free trade agreement expands duty-free access, tariff liberalisation, and investment facilitation between India and New Zealand.
India and New Zealand have concluded a free trade agreement providing duty-free access for Indian exports, duty-free inputs for manufacturing, and tariff liberalisation with exclusions for sensitive sectors. The agreement also includes phased tariff elimination for selected goods, limited tariff-rate quotas for certain products, a commitment to facilitate investment into India, and a rebalancing clause to address any shortfall in investment delivery.
April 27, 2026
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Branch network expansion supports wealth banking, cross-border client services, and community-led CSR initiatives in Maharashtra.
HSBC India expanded its branch network by opening a new branch in Nagpur, Maharashtra, to strengthen its presence in emerging commercial and wealth centres and to build out its wealth proposition for affluent, high net worth, ultra-high net worth and non-resident clients. The expansion followed Reserve Bank of India approval to open new branches in key cities. The launch also aligned with corporate social responsibility activity in Maharashtra, including a community-led women entrepreneurship initiative in Vidarbha focused on sustainable livelihoods for tribal communities.
April 27, 2026
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Shipping line charge transparency and force majeure rules face urgent calls for policy intervention amid exporter distress.
Shipping line disruptions linked to geopolitical developments have been described as a systemic issue affecting exporters across sectors, ports, and shipment categories, requiring policy-level intervention. Exporters reported stranded containers, rerouting, service suspensions, and transshipment delays, while continuing to bear detention, demurrage, war risk surcharges, and other ancillary charges despite limited or no service delivery. The discussion highlighted a regulatory gap in transparency, standardised charges, and force majeure protocols, and called for clearer norms and policy guidance.
April 27, 2026
Show AI Summary
Free trade agreement expands market access, services mobility, and investment while protecting sensitive sectors through targeted exclusions.
India and New Zealand are set to conclude a free trade agreement intended to expand bilateral commerce in goods and services and promote investment. The pact is described as a broad economic framework covering trade in goods, rules of origin, services, customs and trade facilitation, sanitary and phytosanitary measures, technical barriers to trade, trade remedies, dispute settlement and legal provisions. It provides substantial market access commitments, including duty-free or phased concessions, services access and a new Temporary Employment Entry Visa pathway for skilled Indian professionals, while sensitive sectors are protected through exclusions, tariff-rate quotas, minimum import prices and safeguard measures.
April 27, 2026
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Rupee weakness deepens as dollar demand, oil prices, and geopolitical uncertainty keep pressure on currency markets.
The Indian rupee weakened in early trade against the US dollar amid persistent dollar demand, rising oil prices, geopolitical uncertainty, and foreign institutional outflows. Market participants said the currency had fallen for five straight sessions and was moving within a near-term range shaped by support and resistance levels, while India's forex reserves continued to build and cross USD 703 billion.
April 27, 2026
Show AI Summary
Startup India Fund of Funds 2.0 sets a catalytic AIF framework to mobilise private capital for startup funding access.
Operational guidelines for Startup India Fund of Funds 2.0 provide a structured framework for fund deployment, governance, and monitoring through SEBI-registered Category I and II Alternative Investment Funds investing in DPIIT-recognised startups. SIDBI is the initial Implementation Agency, with provision for an additional agency, and AIFs are segmented by focus areas such as deep tech, micro venture capital, innovative manufacturing, and sector- and stage-agnostic funds. The scheme requires minimum private capital mobilisation, includes a two-stage selection process, and allows co-investment and ecosystem capacity-building use of returns.
April 27, 2026
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Cybersecurity resilience and investor awareness take centre stage as stronger anti-fraud safeguards and consultative regulation are urged.
Cybersecurity resilience, investor awareness, grievance redressal, and consultative regulation were highlighted as central priorities for the securities market, with emphasis on strengthening safeguards across regulated entities in response to AI-enabled cyber threats, fake investment content, and market manipulation risks. The address noted SEBI's Cybersecurity and Cyber Resilience Framework, data analytics and digital forensics capabilities, and the use of investor verification tools such as SEBI Check, while calling for rapid-response takedowns, expanded public awareness campaigns in regional languages, and wider visibility for anti-fraud measures.
April 27, 2026
Show AI Summary
Free trade agreement broadens market access, talent mobility and regulatory access across leather, pharma and traditional medicine sectors.
India-New Zealand Free Trade Agreement is presented as a comprehensive economic partnership extending beyond tariff reduction to include market access, agricultural productivity, investment, talent mobility, collaboration in sports and tourism, and people-to-people ties. The leather and footwear sector was highlighted as a major beneficiary because duties on Indian exports are to be eliminated on entry into force, including the reduction of tariffs on leather and footwear from 5 per cent to zero. The pharmaceutical, medical devices and health-related sectors were also central, with faster regulatory access through acceptance of GMP and GCP inspection reports and a dedicated chapter on Health and Traditional Medicine recognising AYUSH.
April 26, 2026
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Customer deposit misappropriation by a banking correspondent exposed fake receipts, unauthorised withdrawals, and account irregularities.
Alleged misappropriation by a banking correspondent involved customer deposits, fake receipts, and unauthorised withdrawals from customer accounts. The conduct allegedly included obtaining signed blank forms and Aadhaar photocopies under the pretext of KYC updates, ATM card applications, and mobile number linking, and then using them to access funds without proper deposit or authorisation. The fraud came to light after a depositor noticed an account mismatch, prompting complaints to the bank and a police complaint.
April 26, 2026
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RTI confidentiality over crude oil import data upheld for strategic and economic interests, with proactive disclosure directions issued.
Access to country-wise and company-wise crude oil import data relating to imports from Russia was denied as commercial and confidential information exempt from disclosure under the RTI Act. The Information Commission accepted that disclosure would prejudice the strategic and economic interests of the State and affect relations with foreign states, and also directed compliance with proactive disclosure obligations under Section 4 of the RTI Act.

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Excise duty cut on petrol, diesel with eye on elections in four states: TMC member Saket Gokhale

March 27, 2026

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New Delhi, Mar 27 (PTI) The excise duty cut on petrol and diesel has been done with an eye on the upcoming assembly elections in four states and not because the government cared for consumers, TMC Rajya Sabha member Saket Gokhale.

Participating in a discussion on the Finance Bill 2026 in the Upper House, Gokhale demanded an assurance from Finance Minister Nirmala Sitharaman that fuel prices will not be increased after April 29, when voting is completed in four states -- Assam, West Bengal, Tamil Nadu, and Kerala.

After the excise cut was announced, he said ministers of the government have been saying "since morning how the Modi government is taking a hit at its own resources, to its own revenues, instead of increasing petrol and diesel prices".

"This is happening because four major states are going to elections. The only reason that this excise duty cut has been done today is because this government cannot, absolutely cannot, raise fuel prices when four major states are going into elections," Gokhale asserted.

If the government really cared for the welfare of people so much and did not want to burden them with high prices, he asked why the benefit of buying discounted crude from Russia in the last four years was not passed on to consumers.

"For the last four years the government was purchasing crude oil at extremely discounted prices, below USD 60 per barrel. We were purchasing discounted crude from Russia. In these four years, (out of) this benefit... not a single rupee was passed on to consumers at petrol and diesel pumps," Gokhale noted.

The TMC member asked if the finance minister will "give a commitment on the floor of this House that after April 29 when the voting is completed in all the four states, the government will promise that it will not increase the petrol and diesel prices at fuel pumps even by one rupee?" He further said, "That is the commitment that the finance minister should give today, that this excise duty is permanent. We are not going to raise prices after April 29." Gokhale alleged that "the government does not think about people, they only think about elections." Sanjay Seth of BJP, however, said the war in West Asia has spiked crude oil price and most countries in the world have hiked their domestic oil prices.

"But the government cut excise duty instead of passing the burden on common people... this shows how Prime Minister Narendra Modi is concerned about the common people," he asserted.

Taking part in the discussion, Shaktisinh Gohil of Congress said the Budget did not have anything for the poor and the middle class, while the benefits have only been provided to the rich and big corporate houses.

While flagging lack of steps to tackle high unemployment among the youth, he also lashed out at the government for removing import duty on items like soya bean and said the interest of Indian farmers has been compromised.

How will Indian farmers compete with those in the US who have large land parcels using modern machinery and are subsidised by the government there, Gohil asked.

He also questioned the rationale behind making zero import duty on critical minerals saying no foreign player will be willing to make large investments for exploration in the sector in India.

P Wilson of DMK in his remarks said the NDA government came to power promising 'Sabka Saath Sabka Vikas' but "what we have today (is) a regime 'Sabka Bojh Sirf Unka Vikas', which means burden on many and benefits for the chosen few." In the Budget, welfare expenditure has been slashed, gender budget has been cut and schemes that sustain the poor have been shortchanged, he added.

The members of the House also raised issues related to GST and defence budget allocation.

Ashok Kumar Mittal of AAP said on GST that while the government claimed ease of doing business has improved, the ground reality is different. It has become "ease of doing harassment and a mode of tax terrorism", he alleged.

"In 2024, 40,000 MSMEs and 10,000 startups were forced to shut," Mittal said, observing that first, the tax liability of a business is calculated, followed by raid on a shopkeeper and officials have the power of immediate arrest.

He also called for effective utilisation of public money, saying Rs 48,000 crore was allocated for Smart City Yojana but "we don't know of a single smart city".

He also alleged cost overruns and missed deadliness on the Ahmedabad-Mumbai bullet train project.

S Niranjan Reddy of YSRCP urged the government to "please do something out of the box for ensuring that the defence Budget and the defence allocation goes up".

He called for improvement in judicial infrastructure and justice delivery mechanism.

Pointing at several capacity constraints, Reddy highlighted the huge pendency of cases in various courts, saying the pendency is affecting justice delivery mechanism.

Suggesting a faster adoption away from oil and gas, he called for removal of GST on electric vehicles.

He also urged the government to consider increasing the speed of privatisation of PSUs.

Manas Ranjan Mangaraj of the BJD pointed to a "pattern of systematic neglect of Odisha", saying the state is not asking for charity but for its rightful share.

He also demanded fiscal incentives and a fair share of mineral royalties for the state, saying on Odisha tourism has immense untapped potential. PTI RKL RSN TRB

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