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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.
Approval has been granted for the manufacture and export of a Class D in-vitro diagnostic HIV 1&2 self-test under the Medical Devices Rules, 2017. The product is designed for private use and uses rapid lateral flow immunoassay technology with a finger-prick blood sample to detect HIV-1 and HIV-2 antibodies without laboratory infrastructure. The approval is for export markets only and is not intended for domestic commercial distribution in India.
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.
BlueFocus described a transition from using AI for efficiency to embedding it in workflows, organisation, and decision-making. The company said AI now supports social media insights, creator analysis, advertising risk control, budget adjustment, and video production, while token usage and agent-to-agent collaboration indicate how deeply AI has entered the business process. It also distinguished AI-driven revenue as automated, data-learning business generated with minimal human input, and linked this strategy with overseas expansion and globalization.
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.
Anticipatory bail proceedings arose from allegations of sexual harassment, coercion, and forcible religious conversion at a Tata Consultancy Services unit, with the prosecution seeking custodial interrogation to examine digital evidence, financial links, and wider conversion-related connections. The defence pointed to the absence of a specific anti-conversion law in Maharashtra at the time, while noting the later passage of the Freedom of Religion Bill, 2026. A Special Investigation Team was probing multiple FIRs under the Bharatiya Nyaya Sanhita and the Scheduled Castes and Scheduled Tribes (Prevention of Atrocities) Act.
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.

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Customs & Trade

Maharashtra's Pollution Control Chief Takes India's Environmental Governance Case to Europe

May 8, 2026

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Siddhesh Kadam, Chairman of the Maharashtra Pollution Control Board, addresses Europe's largest plastic recycling summit in Amsterdam, becoming the first Maharashtra environmental official to represent India at the Plastic Recycling Show Europe, and places the country's traceability framework on the global map. Mumbai, Maharashtra, India & Amsterdam, Netherlands --- Business Wire India Siddhesh Kadam, Chairman of the Maharashtra Pollution Control Board (MPCB) and a Shiv Sena leader within Maharashtra's Mahayuti ruling alliance, appeared before a high-profile international panel at the Plastic Recycling Show Europe 2026 (PRSE 2026) in Amsterdam on 6 May, becoming the only serving Indian government official on the panel and the first Maharashtra regulator to address this global forum. The panel, titled 'Importance of Traceability for Global Plastic Trade,' brought together regulators, recycling industry leaders, and policymakers from across Europe and Asia at what is widely recognised as the continent's pre-eminent plastic industry event. For Mr. Kadam, the appearance was both a platform and a responsibility, to represent India's regulatory position at a moment when global plastic governance is in active and consequential flux. Central to Mr. Kadam's address was a fact that surprised several European delegates: India's national plastic packaging traceability system is already operational. Since 1 July 2025, every plastic packaging unit produced or sold in India must carry a machine-readable QR code or barcode linked in real time to the manufacturer's registration on the Central Pollution Control Board's EPR portal, a mandate that covers over twenty million tonnes of plastic annually, with no exemptions by industry sector or company size. Cross-referencing with GST registration data ensures the system has teeth. The European Union's comparable mechanism, the Digital Product Passport under the Ecodesign for Sustainable Products Regulation, is projected to extend to plastics and packaging only around 2028 to 2030. India's system is live today, at a national scale no single European country can match. Mr. Kadam placed this fact before the Amsterdam audience without triumphalism, framing it instead as the basis for a bilateral technical conversation between India and Europe on aligning their respective traceability architectures. "India is not asking to be written into the global plastic conversation. It is already in it with a framework, with enforcement data, and with the scale that makes its participation indispensable to any solution that actually works." — Siddhesh Kadam, Chairman, MPCB, at PRSE 2026, Amsterdam 1 Jul 2025 National QR traceability — live 20M+ T Plastic covered by the mandate 30%→60% Recycled content target, rigid packs ~$982M India EPR credit market, 2024 On Maharashtra's enforcement record, between June 2024 and January 2025, MPCB flying squads conducted over fifteen thousand retail inspections across the state's thirty-six districts, seized fourteen and a half tonnes of illegal single-use plastic, and imposed penalties on nine hundred retailers, a ground-level compliance exercise that gave his international audience a concrete measure of regulatory intent. He also offered European delegates an unfamiliar perspective on India's circular economy infrastructure: the four million informal waste workers, ragpickers, kabadiwalas, and scrap aggregators who recover approximately eighty percent of urban plastic in Indian cities, contributing nearly seventy percent of all PET recycling, at near-zero public expenditure. He noted that India's 2025 EPR amendments have begun formally integrating this workforce into the verified supply chain, enabling EPR credits to flow through recyclers who can document their sourcing from informal collectors. The argument drew a pointed response from European panellists accustomed to framing informality as a governance gap rather than a cost-effective circularity model. "Four million Indians collect, sort and channel plastic every single day — without a deposit-return scheme, without a government subsidy, without a fleet of collection trucks. Europe spends billions to do what they do organically. That is not a problem. That is a lesson." — Siddhesh Kadam, Chairman, MPCB, at PRSE 2026, Amsterdam Mr. Kadam also addressed the crisis gripping European plastic recycling, nearly one million tonnes of operational capacity lost between 2023 and 2025, with plant closures rising by fifty percent in the first half of 2025 alone, despite industry investment of five billion euros in the preceding three years. He attributed the collapse not to a failure of capital or technology but to an enforceable traceability gap: the inability of regulators to reliably distinguish verified recycled material from cheaper, mislabelled virgin plastic imports had made the market for genuine recyclates commercially untenable. On the European Commission's planned 2026 import controls, new customs codes to distinguish virgin from recycled plastic, and expanded audits of overseas processing facilities, Mr. Kadam offered India's position directly: traceability-based import requirements are legitimate regulatory instruments, provided they are applied on consistent terms to all market participants. India supports the principle; it reserves judgment on the implementation. He further proposed that MPCB and India's CPCB are ready to engage with European counterparts on technical alignment between India's QR architecture and the EU's Digital Product Passport, noting that the two frameworks are built on compatible international standards and that interoperability is achievable with political commitment on both sides. Speaking on the United Nations negotiations towards a global legally binding treaty on plastic pollution, Mr. Kadam called for the adoption of a universal plastic traceability data standard as a core treaty instrument, a single data language that would allow regulators across jurisdictions to verify material provenance and recycled content along the full supply chain. The proposal found visible traction among European delegates, several of whom engaged Mr. Kadam in further discussion on the sidelines of the session. "The global plastic crisis will not be resolved by one continent's regulations or one country's ambition. It will be resolved when the major economies agree on a common language for traceability — and then enforce it. India is ready to help write that language." — Siddhesh Kadam, Chairman, MPCB, at PRSE 2026, Amsterdam Mr. Kadam's participation at PRSE 2026 represents a significant step in India's engagement with the international environmental governance agenda at a practitioner level. His presence on the panel as a serving regulator responsible for enforcing plastic waste rules across a jurisdiction of one hundred and thirty million people, gave India's position a specificity and credibility that is often absent from high-level diplomatic statements on environmental matters. Officials in Mumbai indicated that follow-up bilateral conversations with European regulatory counterparts are now being explored. About MPCB The Maharashtra Pollution Control Board is the statutory environmental regulatory authority for Maharashtra, India’s most industrially significant state, with jurisdiction over 130 million people. It operates under the Water (Prevention and Control of Pollution) Act, 1974, and is the designated enforcement body for national plastic waste management rules within the state. All data cited in this release is drawn from official MPCB press releases, the CPCB public EPR portal, Plastics Recyclers Europe industry reports, and the OECD's May 2025 report on global plastic waste trade. This release may be reproduced with attribution to MPCB and IdeateLab. To View The Image, Click On The Link Below: Shri Siddhesh Kadam, Chairman MPCB in conversation at the PRSE 2026, Amsterdam (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI PWR

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