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    India, New Zealand to ink free trade pact on April 27; aims to double bilateral trade
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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.
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April 25, 2026
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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.
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April 24, 2026
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Banking licence cancellation over depositor protection concerns leads to prohibition on banking business and winding up action.
The Reserve Bank of India cancelled the banking licence issued to Paytm Payments Bank because its affairs were conducted in a manner detrimental to the interests of the bank, its depositors, and the public interest. The bank's management was said to be prejudicial to depositor protection and public interest. As a consequence, the bank is prohibited from conducting any banking business, and the RBI stated that it will apply to the High Court for winding up. The bank was also barred from onboarding new customers with effect from March 11, 2022.
April 24, 2026
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Bilateral trade agreement talks advance as India and the United States revisit tariffs, market access, and trade facilitation terms.
Trade talks between India and the United States on the first phase of a bilateral trade agreement have made positive progress, with both sides agreeing to remain engaged as discussions continue. The negotiations covered market access, non-tariff measures, technical barriers to trade, customs and trade facilitation, investment promotion, economic security alignment and digital trade, while the agreement framework is being revisited in light of changed tariff conditions in the United States. The report also notes that the US Trade Representative launched unilateral investigations affecting India under Section 301 of trade law, which India has strongly rejected and sought to have terminated for lack of cogent rationale.
April 24, 2026
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Insolvency and bankruptcy reform discussions spotlight emerging challenges, institutional strengthening, and value maximisation across the insolvency ecosystem.
A conclave on the Insolvency and Bankruptcy Code, 2016 marked the Code's tenth year by bringing together judicial members, regulators, insolvency professionals and other stakeholders to reflect on the evolution of India's insolvency regime. The discussions highlighted institutional strengthening, regulatory and judicial developments, and emerging issues such as enforcement and restitution of attached assets in CIRP, aviation insolvency, real estate insolvency, disciplinary frameworks and stakeholder synchronisation for value maximisation.
April 24, 2026
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April 24, 2026
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April 24, 2026
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Bilateral economic cooperation deepens as India and the Czech Republic expand trade, investment, innovation and industrial collaboration.
India's economic engagement with the Czech Republic was advanced through a ministerial visit focused on strengthening bilateral trade, investment and innovation linkages, with emphasis on industrial collaboration in priority sectors. The visit included bilateral discussions with senior Czech leadership, co-chairing of the 13th session of the India-Czech Republic Joint Commission for Economic Cooperation, and the signing of the session protocol. It also involved the India-Czech Business Forum and visits to industrial, technology and research institutions.
April 23, 2026
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Money-laundering investigation over forged authorisations and diverted municipal deposits exposes alleged nexus among officials and private persons.
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April 23, 2026
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Supply chain disruptions and energy cost pressures test Indian economic resilience amid West Asia conflict.
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Customs & Trade

Amaravati to get Punggol-style integrated township: Andhra Minister Nara Lokesh

May 11, 2026

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Amaravati, May 11 (PTI) Andhra Pradesh Minister for Education, IT and Electronics Nara Lokesh on Monday said the proposed integrated township in Amaravati modelled on Singapore's Punggol district is set to become a model urban development project for the country.

Lokesh participated in a meeting with representatives of the Joint Implementation Steering Committee (JISC) under Singapore's Ministry of Trade and Industry during his visit to Singapore today.

"The proposed integrated township in Amaravati, inspired by Singapore's Punggol model, is envisioned to become a benchmark urban development project for Andhra Pradesh as well as the country," said Lokesh in an official press release.

According to him, the state government aims to develop the Amaravati Economic Region in the best possible manner with Singapore's support, and Amaravati now has national legal validity as the state capital, which will further boost investor confidence in the region.

The minister urged the Joint Implementation Working Committee (JIWC) to expedite procedures for the integrated township project while securing support from the World Bank for its implementation.

Lokesh noted that Andhra Pradesh had already issued notifications inviting Requests for Proposals (RFPs) from interested partners for the development of the Amaravati Economic Region.

He asked the Singapore side to explore opportunities to facilitate trade access between Andhra Pradesh and Southeast Asian and East Asian countries through Singapore.

The minister said Andhra Pradesh aims to emerge as a global Meetings, Incentives, Conferences and Exhibitions (MICE) destination on the lines of Singapore and would study the Suntec City model for establishing similar infrastructure in the state.

Lokesh further said Andhra Pradesh would continue utilising Singapore's expertise in strengthening Real Time Governance and assured support for companies willing to invest in the state.

Consultations on the implementation of the Memorandum of Understanding (MoU) signed between Andhra Pradesh and Singapore are being conducted every month through working groups, said the press release.

He said six Andhra Pradesh Ministers recently attended training sessions in Singapore under the Singapore-Andhra Pradesh Governance Excellence (SAGE) programme, while 37 government teachers also completed training programmes there.

The Andhra Pradesh government had signed an MoU with Singapore in November last year covering integrated township development, the Amaravati Economic Region and digital transformation initiatives, including Real Time Governance.

Lokesh also met representatives from Commodities Intelligence Centre (CIC) and sought cooperation in trade connectivity for seafood, agriculture, minerals and pharmaceutical sectors along with onboarding Micro, Small and Medium Enterprises (MSME) exporters onto digital platforms.

“Andhra Pradesh is currently focusing on port-led industrialisation with the objective of exporting products globally. CIC platform capabilities can help the state emerge as a digitally integrated trade and logistics hub connected with Asian and global commodity markets,” said Lokesh.

The minister requested the launch of a pilot digital trade corridor between Singapore and Visakhapatnam or Krishnapatnam ports using CIC’s blockchain platform to facilitate paperless trade processes and cargo transparency.

Lokesh also proposed organising an Andhra Pradesh-Singapore Joint Commodity Trade Roundtable involving exporters, CIC, Enterprise Singapore and SGX to identify export opportunities for commodities, including Guntur chillies.

He noted that Andhra Pradesh accounted for 40-45 per cent of India’s chilli exports and is also the country’s largest aquaculture-producing state with strong presence in marine products, minerals and pharmaceuticals.

Lokesh said efforts were made before the Covid-19 pandemic to facilitate Andhra Pradesh-China chilli trade through CIC and sought support to revive the trade corridor through buyer linkage and financing mechanisms.

Representatives from CIC said the organisation operates a digital B2B marketplace connecting verified buyers, sellers, logistics providers and financiers globally while offering services such as commodity intelligence, blockchain-based document security and customs clearance.

Lokesh also visited Singapore’s Suntec City and met DP Urban Architect Director Anandan Karunakaran to study Singapore’s MICE ecosystem and urban event infrastructure.

The minister said Andhra Pradesh is formulating a dedicated MICE policy and establishing special bureaus in Visakhapatnam, Amaravati and Tirupati to provide single-window approvals for international event organisers.

He noted that the number of hotel rooms in the state is expected to increase four-fold to 20,000 over the next five years and said four convention centres have already been approved in Amaravati.

Lokesh further said a world-class MICE centre would be developed in Visakhapatnam along with Andhra Mandapam in partnership with the India Trade Promotion Organisation.

Karunakaran said Singapore is planning another major MICE hub in addition to existing venues such as Suntec City and Marina Bay Sands while focusing extensively on sustainability certification in the tourism and events sector. PTI MS STH ROH

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