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    ED raids in case against former Punjab Police DIG Bhullar, linked entities
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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.
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.

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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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