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April 28, 2026
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Money laundering attachment under PMLA targets family-linked assets in the Reliance Communications bank fraud probe.
Provisional attachment under the Prevention of Money Laundering Act was made in a bank fraud-linked money laundering investigation involving Reliance Communications and related entities. The Enforcement Directorate attached a Mumbai flat, a Khandala farmhouse, a land parcel and shares of Reliance Infrastructure Ltd through a group entity, stating that the action was intended to prevent dissipation of assets and protect the interests of banks and the public. The agency also referred to restitution of assets to the victims under the PMLA.
April 28, 2026
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Carbon border adjustment mechanisms and climate justice shaped discussions on balancing trade competitiveness with climate responsibility.
Carbon governance and climate justice were examined through an international symposium on trade competitiveness and climate responsibility, jointly organised by CTIL and CITIL at DNLU, Jabalpur. The discussions centred on the legal, ethical and economic dimensions of carbon pricing mechanisms, carbon border adjustment mechanisms and other climate-linked trade instruments, with emphasis on balancing climate action with trade competitiveness and on equitable climate outcomes in developing countries.
April 28, 2026
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Multilateral trade governance faces pressure as WTO dispute settlement, consensus decision-making, and special treatment for developing countries are reassessed.
Multilateral trade governance is being reshaped by geopolitical contestation, technological change, and economic imbalances, with the World Trade Organization's future role assessed in light of these pressures. The discussion examined the WTO's core functions of monitoring, negotiation, and dispute settlement, and noted that monitoring through committees and trade policy reviews remains active while negotiations face persistent difficulty. The dispute settlement system was described as impaired by the continued non-functionality of the Appellate Body, with interim arrangements providing only partial solutions.
April 28, 2026
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Arbitrator qualification and arbitration training gain momentum as India builds a globally benchmarked dispute resolution ecosystem.
The Indian Institute of Corporate Affairs completed the first in-person assessment cycle of its Arbitrator Qualifying Assessment Program, a three-tier certification process designed to develop professionally trained, globally benchmarked arbitrators. The programme is part of a broader effort to strengthen India's arbitration ecosystem, improve the credibility and efficiency of arbitration as a dispute resolution mechanism, and build a pool of world-class arbitrators and mediators at global standards.
April 28, 2026
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Expected Credit Loss framework to raise bank provisioning as markets slip on crude price surge and foreign outflows.
Indian equity markets declined as surging crude oil prices, foreign institutional investor outflows and persistent geopolitical uncertainty weakened sentiment across benchmark indices and sectoral stocks. Banking, financial and auto shares led the fall, while energy, commodities, telecom, utilities, metal and oil and gas counters showed resilience in selective trading. The Reserve Bank of India has finalised implementation of the Expected Credit Loss framework from April 2027, replacing the incurred loss model with a forward-looking system for earlier recognition of credit risk and ongoing monitoring.
April 28, 2026
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Export approval for Class D HIV self-test highlights regulated private diagnostics and expansion into global healthcare markets.
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April 28, 2026
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Free trade agreement expands duty-free market access, services mobility, and investment cooperation between India and New Zealand.
India and New Zealand signed a Free Trade Agreement providing duty-free access for 100% of India's exports to New Zealand on entry into force, while India liberalised market access on 70.03% of tariff lines covering 95% of bilateral trade and retained exclusions for sensitive sectors such as dairy and specified agricultural products. The agreement expands services, mobility, and investment commitments, including a temporary employment entry visa pathway, post-study work rights, and a USD 20 billion investment commitment. It also strengthens trade facilitation, rules of origin, customs modernisation, safeguard measures, regulatory cooperation, and cooperation on intellectual property, agriculture, organic trade, and AYUSH.
April 28, 2026
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Gems and jewellery skill development gains momentum with affordable training, entrepreneurship support, and lab-grown diamond certification.
Professional training in gems and jewellery was presented as a driver of industry-relevant skills, entrepreneurship, and export-linked livelihoods, with the Udupi institute described as a model public-private partnership offering affordable courses and advanced facilities. An MoU between the Indian Institute of Gems & Jewellery and IIT Madras under the InCent LGD platform will support a specialised certification programme in lab-grown diamond technologies, aimed at bridging skill gaps, creating job-ready professionals, and strengthening India's lab-grown diamond value chain.
April 28, 2026
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Zero-duty market access through a free trade agreement is expected to boost India's engineering exports to New Zealand.
A free trade agreement with New Zealand provides zero-duty market access for Indian goods and is expected to support a substantial increase in India's engineering exports over the next five years. The arrangement is described as lowering trade barriers and giving exporters, particularly MSMEs, more stable access to a relatively small but high-potential market. The agreement is presented as part of a broader trade strategy in which free trade pacts are used to expand export opportunities, diversify markets, and strengthen the engineering sector's longer-term export target.
April 28, 2026
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Free trade agreements and export reform measures drive India's push to expand markets, MSMEs and export growth.
Strengthening India's export ecosystem through free trade agreement utilisation, export reform measures and closer government-industry coordination was discussed in a meeting chaired by the Union Minister of Commerce and Industry with export promotion councils and industry bodies. The discussion focused on using existing and newly signed FTAs to expand market access, raise export performance and support the goal of reaching USD 2 trillion in exports by 2030 under the Viksit Bharat vision. The minister also emphasised the need to widen the exporter base, especially by bringing more MSMEs into the export chain and improving access to new and existing markets.
April 28, 2026
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Aviation turbine fuel pricing relief sought as airlines warn rising costs are making operations unsustainable.
Airlines sought urgent revision of aviation turbine fuel pricing and temporary financial support, saying extreme fuel costs, airspace restrictions and the crude-ATF differential were making both domestic and international operations unsustainable. The federation requested uniform use of the earlier crack band pricing mechanism, deferment of excise duty on ATF and a transparent pricing framework that would keep operations viable while preserving a fair margin for oil marketing companies.
April 28, 2026
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Money laundering probe leads to provisional attachment of assets linked to the Reliance Anil Ambani Group under PMLA.
The Enforcement Directorate provisionally attached fresh assets in an ongoing money laundering investigation concerning the Reliance Anil Ambani Group under the Prevention of Money Laundering Act. The attached properties are stated to belong to Reliance Communications and Reliance Infrastructure and include immovable assets and shares. The action forms part of a continuing probe said to involve allegations of bank fraud and diversion of funds.
April 28, 2026
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Artificial intelligence-driven marketing transformation reshapes BlueFocus through automation, workflow integration, and globalization-led business expansion.
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April 27, 2026
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Exporter relief measures discussed to boost shipments, widen market access, and ease compliance constraints amid global trade disruption.
Exporter associations discussed ways to boost shipments, widen market access through free trade agreements, and improve utilisation of existing trade pacts amid global uncertainty. They sought extension of authorisation validity, broader coverage of trade relief measures, and relaxation of the realisation-linked condition under the RELIEF Scheme of ECGC to support exporters affected by logistics disruptions and delayed payments.
April 27, 2026
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Free trade agreement, heatstroke preparedness and revised climate targets shape India's latest trade and policy actions.
India and New Zealand concluded a free trade agreement providing duty-free access for a wide range of Indian exports and strengthening bilateral economic cooperation. The Centre also directed operationalisation of dedicated Heat Stroke Management Units at all health facilities and ambulance preparedness for expected heatwave days. India submitted revised 2031-2035 climate targets to the UN climate body, committing to a 47 per cent reduction in emission intensity of GDP from the 2005 baseline by 2035.
April 27, 2026
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Farmers' interests in free trade agreements shaped apple import conditions, price control, and domestic production goals.
Free trade agreements were said to be framed with the interests of farmers and the country kept paramount, and apple imports were described as being allowed only on India's own conditions. The statement emphasised import duty, domestic price control, and the aim of increasing domestic production to reduce dependence on imports, while protecting farmers' interests and engaging with growers' concerns.
April 27, 2026
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Anticipatory bail in coercive religious conversion allegations turns on custodial interrogation, digital evidence, and linked financial trails.
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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.

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Netherlands to explore possibility of importing roses from Punjab: CM Mann

April 28, 2026

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Chandigarh, Apr 28 (PTI) The Netherlands has expressed interest in exploring the possibility of importing roses from Punjab, Chief Minister Bhagwant Mann said on Tuesday.

Mann stated this while sharing details of his recent visit to the Netherlands and Finland as part of his government's investment promotion outreach.

The Netherlands imports roses from Ethiopia. We asked (during our visit) why they do not get it from India, why not from Punjab? They say nobody told them earlier," said Mann while speaking to reporters here.

We spoke to them, and they will come here. If they get roses from here that will be cheaper than that of Ethiopia, said Mann.

If exports of our flowers increase, then the horticulture sector will get a boost, said Mann.

On April 19, a delegation led by the chief minister visited the world-renowned horticulture model Keukenhof, where 40,000 visitors come daily, and interacted with representatives of this place.

The visit was aimed at exploring partnership opportunities in the agriculture sector and discussing collaboration for the development of horticulture, he said, adding that the possibility of exporting rose from Punjab was explored.

The chief minister further asserted that his government has secured concrete global partnerships in agriculture, industry, and innovation that will directly benefit farmers, youth, and the state's economy.

Highlighting a Rs 1,300-crore JICA (Japan International Cooperation Agency) -backed push, strong interest from global companies, and advanced agri-tech collaborations from Keukenhof to Finland, Mann said these strategic tie-ups will accelerate crop diversification, attract investment, and firmly position Punjab as a global hub for innovation, research and development, and high-value farming.

Apart from investments worth Rs 1,300 crore being made by JICA, this tie up will play a key role in giving a major boost to crop diversification, said Mann.

The chief minister's visit to the European counties was aimed at promoting industrial investment and partnerships, strengthening collaboration in education and research exchange with a focus on technology exchange and plan for the holistic development of Punjab.

During the parleys, the possibility of joint projects in modern agricultural techniques and sustainable farming was explored, and it was agreed that cooperation for high-value crops and export-quality production would be done, said Mann, adding that the visit opened avenues for new industrial investments and tie-ups, along with opportunities for skill development and educational exchange.

"Agreement was also made on technology and innovation exchange with emphasis on building strategic partnerships," he said, adding that the Netherlands is famous for vertical agriculture, which can be replicated in Punjab.

The chief minister also spoke about his visit to the World Horticulture Center and shared the details of his meeting with the representatives of the Netherlands India Chamber of Commerce and Trade, besides having interactions with the Punjabi community there.

The delegation was apprised about the indoor production of 100 kg of tomatoes from one square metre, he pointed out.

Mann further said the efforts of his government produced desired results as the proposal for a research and development unit and an innovation hub in Mohali was mooted.

On April 20, Mann met legendary Dutch hockey player Floris Jan Bovelander and discussed the promotion of hockey and sports in Punjab. Mann said that Bovelander will soon visit the state to give a major fillip to hockey.

About his visit to Finland, Mann said that potential partnerships in startups and entrepreneurship were explored along with global recognition of Punjab's policies and achievements.

"On April 23, the delegation studied Finland's modern education model and had a deep understanding of pre-service training and continuous professional development," he said.

The delegation also examined child-centric and play-based learning systems, besides observing classroom practices, assessment systems, and learning environment design, the chief minister said. PTI CHS HVA

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