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    India never offers any duty concessions in dairy sector under FTAs: Goyal
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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
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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.

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Centre for Trade and Investment Law (CTIL) Organises Symposium on Carbon Governance and Global Justice: Reconciling Trade Competitiveness and Climate Responsibility

April 28, 2026

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Legal and Policy Dimensions of Carbon Border Adjustment Mechanisms Discussed

The Centre for Trade and Investment Law (CTIL), Indian Institute of Foreign Trade, Ministry of Commerce and Industry, Government of India, collaborated with the Centre for Studies in International Trade and Investment Laws (CITIL), Dharmashastra National Law University (DNLU), Jabalpur, in organising the WTO Chairs Programme–International Symposium on “Carbon Governance and Global Justice: Reconciling Trade Competitiveness and Climate Responsibility”, held on 25 April 2026 at DNLU, Jabalpur.

The event commenced on 24 April 2026 with the inaugural address by Appellate Body Member, WTO (2011–2020) and India’s former Ambassador and Permanent Representative to the WTO, Mr. Ujal Singh Bhatia, as the Chief Guest. Following the inaugural session, Mr. Bhatia delivered the first expert talk, setting the stage for the two-day symposium. In his address, he emphasised that carbon governance and global justice are intrinsically linked.

In the first panel discussion on carbon pricing mechanisms and carbon border adjustments, the panel critically examined the legal, ethical and economic implications of climate action instruments such as CBAM and other carbon pricing mechanisms.

The second day of the symposium (25 April 2026) commenced with an expert panel discussion on “Carbon Governance and Climate Justice Issues: Equitable Climate Action under International Trade Law”.

The panelists deliberated on key legal and policy dimensions of carbon border adjustment mechanisms and climate-linked trade instruments, emphasising the need to balance trade competitiveness with climate responsibilities and ensure equitable outcomes for developing nations.

The academic core of the symposium comprised four technical sessions that facilitated academic and policy-oriented engagement. Technical Session 1 was chaired by Former Senior Director, ESG, Cyril Amarchand Mangaldas, Mr. Bose Varghese, and Assistant Professor and Head, Centre for WTO and WIPO Studies, HNLU, Dr. Ankit Awasthi; Technical Session 2 by Co-Founder and Advocate, Sarvada Legal, Mr. Seetharaman Sampath, and Associate Professor (Intellectual Property Law), DNLU, Dr. Gargi Chakrabarti; Technical Session 3 by Professor of Law, DNLU, Prof. (Dr.) Shailesh N. Hadli, and Director, Centre for International Trade and Business Laws and Associate Professor of Law, NALSAR University of Law, Dr. Rosmy Joan; and Technical Session 4 by Assistant Professor, DNLU, Dr. Shruti Nandwana, and Consultant/Assistant Professor, CTIL, Ms. Sunanda Tewari. These sessions were conducted over both days of the symposium.

The symposium concluded on 25 April 2026 with a valedictory ceremony. The ceremony was graced by Judge, High Court of Madhya Pradesh, Justice Vivek Agarwal, as the Chief Guest. In his address, he emphasised the critical role of legal frameworks in balancing industrial growth with environmental sustainability. He also acknowledged CTIL’s contribution to trade policy discourse and encouraged further outreach to ensure broader societal impact.

A key highlight of the ceremony was the announcement of the top five research papers and the distribution of certificates to all participants.

The event brought together academicians, researchers, professionals, and students, contributing to ongoing discourse on sustainable trade practices and reinforcing the role of collaborative academic initiatives in shaping responsive and inclusive global trade governance frameworks.

The symposium was organised by DNLU, Jabalpur under the guidance of Director, CITIL and Assistant Professor of Law, DNLU, Dr. Utkarsh K. Mishra, and Professor and Head, CTIL, Dr. James J. Nedumpara, with the academic and administrative leadership of Vice Chancellor, DNLU, Prof. (Dr.) Manoj Kumar Sinha, and Registrar, DNLU, Dr. Praveen Tripathi.

The inaugural session of the symposium was also attended by Vice Chancellor, DNLU, Prof. (Dr.) Manoj Kumar Sinha; Professor of Law, Chanakya National Law University, Patna, Prof. (Dr.) Manwendra K. Tiwari; and Professor of Environmental Biotechnology, Department of Biological Science, Rani Durgavati Vishwavidyalaya, Prof. (Dr.) Surendra Singh, as Guests of Honour. Also in attendance were Registrar, DNLU, Dr. Praveen Tripathi, and Director, CITIL, Dr. Utkarsh K. Mishra.

The first panel discussion features Co-Founder and Advocate, Sarvada Legal, Mr. Seetharaman Sampath; Vice President and Head, Policy Advocacy and Economics, Hindalco Industries Limited, Aditya Birla Group, Ms. Prachi Priya; Former Senior Director, ESG, Cyril Amarchand Mangaldas, Mr. Bose Varghese; and Associate Professor (Intellectual Property Law), DNLU, Dr. Gargi Chakrabarti. The session was moderated by Director, CITIL, Dr. Utkarsh K. Mishra.

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