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    PANVIS STAR Vascular Interventional Robotic System Redefines Mechanical Thrombectomy
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April 13, 2026
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Pan-vascular interventional robotics advances remote thrombectomy with haptic control, multi-device coordination and sub-millimeter precision.
PANVIS STAR is described as a next-generation pan-vascular interventional robotic system designed for neurovascular, cardiovascular, peripheral vascular and oncological procedures, with emphasis on mechanical thrombectomy for large vessel occlusion and ischemic stroke. The system combines remote operation, multi-device coordination, force detection, haptic feedback and sub-millimeter motion precision to support complex interventional workflows. It also includes fingertip control, dedicated device channels, tremor filtering, a compact catheter design and long-distance remote surgery capability over 5G networks.
April 13, 2026
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Artificial intelligence in finance must stay human, accountable, and inclusive while improving efficiency, trust, and risk management.
Artificial intelligence in finance can improve customer service, credit delivery, fraud detection, risk management, and compliance, but its use must remain anchored in human accountability, fairness, explainability, strong data governance, institutional capacity, and inclusion. The text warns that bias, opacity, privacy misuse, model risk, and cyber risk can arise if safeguards are weak. It emphasises that financial institutions must not outsource responsibility to algorithms or vendors, and that AI should make finance more intelligent without making it less human or less accountable.
April 13, 2026
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NBFC Upper Layer identification shifts to asset-size criteria, with government-owned NBFCs proposed for inclusion.
The Reserve Bank has proposed amendment directions to revise the methodology for identification of NBFCs in the Upper Layer under the Scale Based Regulatory framework and to align the framework with a more transparent asset-size based criterion. The existing two-pronged approach of top ten eligible NBFCs by asset size and parametric scoring is proposed to be replaced by a single threshold of asset size, presently indicated as Rs. 1,00,000 crore and above, for determining NBFC-UL status. The proposed changes also seek to bring eligible Government-owned NBFCs into consideration for inclusion in the NBFC-UL list on the basis of the revised criteria, reflecting an ownership-neutral regulatory approach.
April 13, 2026
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Special Economic Zone exports rise despite tariff pressures and West Asia conflict, led by pharmaceuticals and overseas demand.
Exports from the Indore Special Economic Zone rose by nearly 10.50 per cent to Rs 14,302 crore in financial year 2025-26, despite concerns over US tariff policies and the West Asia conflict. Pharmaceuticals formed about 70 per cent of the export basket, with the US among the main markets. The zone contains units across pharmaceuticals, packaging materials, engineering, textiles and food processing in the Pithampur industrial area near Indore.
April 13, 2026
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Rupee depreciation under global risk aversion as crude oil prices, dollar strength and capital outflows pressure the currency.
The rupee weakened sharply against the US dollar amid global risk aversion, higher crude oil prices, a stronger dollar and concerns over the blockade of Iranian ports and the Strait of Hormuz. Analysts linked the depreciation to foreign capital withdrawal from domestic equities and continued pressure from elevated oil prices and foreign institutional selling. India's forex reserves also rose in the latest reporting week, while the Asian Development Bank warned that prolonged conflict in West Asia could affect growth through higher energy costs, disrupted trade flows and weaker remittances.
April 13, 2026
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Non-Banking Financial Company disclosure highlights RBI registration, deposit-taking activity, lending business, and credit ratings.
Bajaj Finance Ltd. is described as a deposit-taking Non-Banking Financial Company registered with the Reserve Bank of India and classified as an NBFC-Investment and Credit Company. Its stated business includes lending and acceptance of deposits, with a diversified portfolio across retail, SME and commercial customers, together with public and corporate deposit-taking and a range of financial services products. The text also refers to credit ratings assigned to the company and its fixed deposit programme.
April 13, 2026
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CREST accreditation and cybersecurity compliance standards shape DigiFortex's regulated enterprise testing, privacy, and governance services.
Cybersecurity and digital risk assurance services are framed around independent accreditation and certification standards for regulated markets. DigiFortex states that it achieved CREST accreditation for penetration testing, alongside CERT-In empanelment and ISO 27001:2022 certification, with CREST requiring independent audit of technical methodology, governance, information security management, and staff competence. The release links these standards to regulated enterprises and financial regulators across multiple jurisdictions and describes services spanning penetration testing, red teaming, virtual CISO support, privacy advisory, governance, risk and compliance, managed security, and cloud-native application protection.
April 13, 2026
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Supply chain continuity takes centre stage as India and Saudi Arabia push bilateral trade and India-GCC FTA progress.
India and Saudi Arabia reaffirmed the primacy of supply chain continuity and coordinated efforts to address disruptions caused by conflict in West Asia. The two sides noted the strain on regional trade flows and emphasised early recovery through joint measures. The discussion also reaffirmed commitment to strengthening bilateral trade and expressed optimism for early progress in the India-GCC free trade agreement negotiations.
April 13, 2026
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Crop diversification and nutritional security guide advisory on state bonus policies for pulses, oilseeds and millets.
The Department of Expenditure issued a D.O. letter advising States, and not directing them, to align bonus policy so as to promote pulses, oilseeds and millets in line with nutritional security, Aatmanirbharta and sustainable agriculture. The communication links state bonuses over and above Minimum Support Price for wheat and paddy with crop concentration, reduced acreage under pulses, oilseeds and millets, and higher import dependence, and states that the policy objective is crop diversification, reduced monoculture, and strengthened long-term food and crop security.
April 13, 2026
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Fiscal deficit reporting shows Telangana's budget gap widening, with receipts and own revenues lagging behind estimates.
Telangana's fiscal position was reported to show a fiscal deficit of over Rs 77,000 crore at the end of February in the last financial year, exceeding the revised estimate of Rs 56,000 crore and amounting to 143 per cent of the budgeted estimate of Rs 54,000 crore. Total receipts up to February were placed at Rs 2.32 lakh crore against revised estimates of Rs 2.82 lakh crore, while the State's own revenues from tax and non-tax sources stood at Rs 1.39 lakh crore against revised estimates of Rs 2.04 lakh crore.
April 13, 2026
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Rupee depreciation amid higher crude prices and geopolitical tensions pressures the foreign exchange market and equities.
The rupee depreciated in early trade against the US dollar amid higher crude oil prices, a stronger dollar, geopolitical tension in West Asia, and foreign fund outflows from domestic equities. The report also noted movement in domestic equity indices, an increase in India's forex reserves, and the Asian Development Bank's view that prolonged Middle East conflict could affect India through higher energy costs, trade disruption, and weaker remittances.
April 12, 2026
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LPG and PNG supply measures expand domestic fuel access as India responds to West Asia disruption.
India has increased supply of smaller 5-kg LPG cylinders and accelerated PNG connections to manage fuel availability amid West Asia disruption. The response prioritises domestic household LPG, expands market-priced cylinders for users without subsidised connections, restores commercial LPG availability through targeted allocations, and directs natural gas toward household PNG, CNG transport and fertiliser plants. The broader supply strategy also includes higher domestic production, strong refinery utilisation, excise duty cuts on petrol and diesel, and higher export levies on diesel and aviation turbine fuel.
April 12, 2026
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Export disruptions from the West Asia crisis are raising freight, input and gas costs for Ludhiana manufacturing units.
Export-oriented manufacturing units in Ludhiana are facing labour shortages, inadequate gas supply, rising input costs and logistics bottlenecks from the West Asia crisis, affecting production and exports. Handtool, basmati rice, ecotech and garment units report higher freight, insurance and raw material costs, shipment delays and reduced access to Middle Eastern markets, while some are using alternate fuels and seeking government support for worker housing.
April 12, 2026
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Forged identities and interstate logistics exposed a Lashkar-e-Taiba network aiding terrorist movement and concealment across multiple states.
Inter-state logistical support to a Lashkar-e-Taiba module was uncovered through the use of forged identities, including Aadhaar, PAN cards, voter cards and passports, to facilitate terrorist movement and concealment across several states. The investigation led to arrests of local associates and foreign terrorists, along with the seizure of weapons, ammunition, electronic devices and other incriminating material from hideouts in and around Srinagar and other locations.
April 11, 2026
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Windfall tax on diesel and aviation fuel rises to curb export gains and support domestic supply.
Export duty, described as a windfall tax, was increased immediately on diesel and aviation turbine fuel to raise domestic availability of these fuels and prevent exporters from benefiting from widened global price differences during the West Asia conflict. The duty on petrol remained nil. The revised duty structure replaced earlier lower rates imposed on diesel and ATF, with the new rates taking effect at once under the finance ministry notification.
April 11, 2026
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Fisheries exports grow through market diversification after tariff pressure, with new overseas demand supporting a higher export target.
Fisheries exports increased after US tariff measures as exporters and officials expanded sales into new overseas markets. The growth is linked to diversification into Europe, Latin America, the Middle East and Asia, with prawns, tuna and other fish varieties among the principal exports. The government has also set a higher medium-term export target and is supporting the sector through ministry-level market outreach and other initiatives to strengthen fisheries, animal husbandry and dairy development.
April 11, 2026
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Drug trafficking crackdown expands with asset seizure, document cancellation, account freezes, and swift enforcement measures.
Asset confiscation, attachment of property, freezing of bank accounts, and cancellation of identity and travel documents were announced as part of a crackdown on drug trafficking. New standard operating procedures authorise revocation of passports, driving licences, Aadhaar numbers and arms licences, immediate issuance of a Look Out Circular for absconding offenders, and financial investigations against traffickers.
April 11, 2026
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Aadhaar identity update restores Ladakh's distinct regional record and removes individual correction hurdles for residents.
Aadhaar records of Ladakh residents were centrally updated to replace the earlier "Jammu and Kashmir" entry in the State field with "Ladakh", reflecting the Union territory's post-reorganisation identity in official records. The updation mechanism was implemented without requiring individual residents to visit Aadhaar centres, using Ladakh-specific PIN codes verified with the Department of Posts and shared with UIDAI for central processing. Residents can download updated e-Aadhaar from the UIDAI portal and order a PVC Aadhaar card online if desired.
April 11, 2026
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Smartphone launch financing and EMI purchases shape OPPO F33 availability with expected premium features and flexible repayment.
OPPO announced the forthcoming launch of the OPPO F33 5G and OPPO F33 Pro, with reported specifications including a 6.57-inch AMOLED display, MediaTek Dimensity 6360 Max chipset, 7,000 mAh battery, 80W fast charging and IP69K protection. The purchase model highlighted for the smartphones includes Easy EMI financing through Bajaj Finserv partner stores, with instalment-based repayment, zero down payment offers on select models and instant approvals. Bajaj Finance Limited is identified as a registered deposit-taking NBFC engaged in lending and acceptance of deposits.
April 11, 2026
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Money laundering investigation targets real estate fraud allegations, asset seizure, and diversion of homebuyer funds in insolvency-linked case
Action under the Prevention of Money Laundering Act was initiated against a Delhi-based real estate company and its former directors, promoters and associated entities in connection with allegations of defrauding homebuyers. Searches were carried out at multiple premises in Delhi and Gurugram in the course of a money-laundering investigation linked to police and fraud-investigation complaints, while the company was stated to have been undergoing corporate insolvency resolution proceedings since 2018. During the searches, cash, jewellery, silver bullion and luxury watches were seized, and the stated allegations include diversion of funds toward land acquisition or shell companies.

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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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