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April 27, 2026
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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
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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
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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
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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
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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.
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.

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Customs & Trade

Russia crude oil import data 'confidential'; CIC backs denial by Petroleum Ministry's PPAC

April 26, 2026

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New Delhi, Apr 26 (PTI) Data on oil imports from Russia to India cannot be provided as it is exempted under the RTI Act due to its "commercial and confidential" nature, according to the Petroleum Planning and Analysis Cell (PPAC) under the Oil Ministry, with the Central Information Commission too backing it, citing strategic and economic interests of the country.

The case relates to an RTI plea seeking details of crude oil imported from Russia to India between June 2022 and June 2025, including a company-wise breakup for firms such as IOCL, BPCL, HPCL, ONGC Videsh, Reliance Industries and Nayara Energy.

The Central Public Information Officer (CPIO) had denied the information, stating: "The information pertaining to country-wise and company-wise details of crude oil import is of commercial and confidential nature and is exempted from disclosure under section 8(1) (d&e) of the RTI Act 2005. However, the total quantity and value of crude oil import (both current and historical) can be downloaded from the PPAC website." The First Appellate Authority upheld this reply.

During the hearing recently, the appellant argued that the information was not provided and said he wanted to understand how India is functioning in the sector.

In its interim decision, the Commission observed that disclosure of the requested data "would prejudicially affect the strategic and economic interest of the State and also affect the relations with foreign states," adding that the information is linked to geopolitical relations.

It held the exemption valid under Sections 8(1)(a) and 8(1)(d) of the RTI Act, and said no further relief was warranted.

The Commission also issued a show-cause notice to the official concerned of the PPAC, which functions under the Ministry of Petroleum and Natural Gas, for being absent from the hearing despite receiving prior notice, asking why a penalty under Section 20(1) of the RTI Act should not be imposed.

The Commission added that "the respondent's website with respect to the Right to Information tab does not have any information," and directed the authority "to ensure compliance with Section 4 of the RTI Act, 2005." Invoking its powers under Section 25(5) of the RTI Act, the Commission also recommended that the public authority improve suo motu disclosures under Section 4(1)(b).

These include publishing details of its organisation, functions and duties; powers and duties of officers and employees; categories of documents held; a directory of officers and employees; and the monthly remuneration received by each officer and employee, including the system of compensation as per regulations. PTI MHS RT RT

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