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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
Show AI Summary
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.
April 27, 2026
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Fertiliser supply security remains stable as India plans imports, keeps urea and DAP prices unchanged.
India plans substantial imports of urea and other fertilisers for the kharif season in response to higher global prices and supply disruptions linked to the West Asia crisis, while maintaining unchanged retail prices for farmers. The government has stated that urea continues to be sold at the existing controlled price and that there is adequate supply for the season, with imports already received, additional quantities secured through global tender, and further consignments expected to arrive to support availability. Domestic urea production was affected by force majeure on gas deliveries, but higher gas availability has since improved output, and global tenders have been initiated for non-urea fertilisers to ensure peak-season supply.
April 27, 2026
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Free trade agreement boosts duty-free access for Indian exports, strengthens MSMEs, and protects agriculture and dairy.
India-New Zealand free trade agreement was signed as a landmark step in bilateral partnership, aimed at deepening developmental cooperation and expanding two-way trade and investment. The arrangement provides duty-free access for Indian exports to New Zealand across all tariff lines, strengthening labour-intensive sectors, MSMEs and employment, while agriculture and dairy remain fully protected. It also supports students, skilled professionals, agriculture, manufacturing, innovation and technology.
April 27, 2026
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Hydration Partnership and sustainability shape Bisleri's role at the TCS World 10K Bengaluru 2026
Bisleri International returned as the Official Hydration Partner for the TCS World 10K Bengaluru 2026, providing hydration stations and mist zones across the race categories. The partnership also highlights sustainability through Bisleri's Greener Promise initiative, including recycled plastic benches and limited edition bottles featuring marathon icons. Bisleri's broader business profile emphasizes packaged drinking water, quality testing, purification, distribution reach and sustainability-focused initiatives.
April 27, 2026
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Rupee pressure amid crude oil spike and foreign selling, with market eyes on possible RBI intervention.
The rupee closed marginally stronger against the US dollar after recovering from intraday weakness, but remained under pressure from global uncertainty, West Asia tensions, elevated crude oil prices and foreign institutional investor selling. Market commentary noted a negative underlying bias, with traders watching the possibility of RBI intervention around higher levels. The report also noted a slight decline in the dollar index, higher Brent crude prices, rising domestic equities and an increase in India's foreign exchange reserves over the reporting week.
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
Show AI Summary
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.

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Customs & Trade

India, US signal thaw as Jaishankar and Rubio hold candid talks to re-energise relations

May 24, 2026

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New Delhi, May 24 (PTI) India and the US on Sunday sought to signal a reset in their strained ties as External Affairs Minister S Jaishankar and his American counterpart Marco Rubio held frank discussions on thorny issues such as trade, visas, energy security, cross-border terrorism and the implications of the West Asia conflict.

Rubio, who is on a four-day visit to the country, described New Delhi as a major power and dismissed observations that the US-India relationship has lost its two-decade momentum, firmly asserting that the engagement will grow much stronger by the end of the current administration's tenure.

In a clear statement of India's foreign policy priorities, Jaishankar outlined a strategic five-point blueprint for global stability, asserting that India advocates dialogue and diplomacy to address conflicts, supports unimpeded maritime commerce, demands respect for international law and is against "weaponisation" of market shares and resources.

In their first comprehensive dialogue after the India-US ties witnessed major downturn, the two sides primarily focused on vigorously bolstering cooperation in areas of defence, critical minerals, high technology and economic engagement.

"The US-India relationship has not lost any momentum. I understand why some people might say that. I don't understand, but I understand some people say that. This is not about India. This is about the United States in terms of trade," Rubio said at a joint press conference with Jaishankar while responding to a question from PTI.

Rubio called India an important strategic partner of the US and stressed that both sides are aligned on a range of key issues. "India is an important strategic partner of the United States, one of our most important strategic partners in the world," he said.

The relations between the two countries witnessed a major downturn after Washington imposed punitive tariffs on India and President Donald Trump made controversial assertions regarding his role in de-escalating the India-Pakistan military clashes last May.

"Let me state India's broad position... And I would make five points here. One, that we advocate dialogue and diplomacy to address conflicts. Two, we support safe and unimpeded maritime commerce," Jaishankar said.

"Three, we demand scrupulous respect for international law. Four, we are against the weaponisation of market shares and resources. And five, we believe in the value of trusted partnerships and resilient supply chains to de-risk the global economy," he said.

In the talks, Jaishankar forcefully mentioned about how the West Asia crisis has significantly hit India's energy security and brought economic woes, people familiar with the matter said.

The external affairs minister also underlined the importance for India to have multiple sources of energy, emphasising that the energy market should not be "distorted".

"The way we will deal with the current situation in Hormuz and frankly, going forward as well, is to diversify our energy sources, because that is at the heart of our energy security, and that is why we feel strongly that the energy market should not be distorted, should not be constrained.

"It is important to keep energy prices down for global growth," he said.

Jaishankar said India is one of the very few countries that have very good relations with the United States, Israel, Iran and the Gulf countries.

"So we have real interest there. For us, the challenge in this situation is how to maintain all these relationships, how to protect our equities, how to advance our interests. We don't look at it as a zero-sum game," he said.

"We have to manage and take care of all these accounts. I would say there are some general principles by which we would approach this region.

"Obviously, we want peace and stability in the region," he said.

The external affairs minister said India is very much in favour of safe and unimpeded maritime commerce in the Strait of Hormuz.

In the context of energy security, Jaishankar said that there has been a "very significant uptick" in India's energy imports from the US.

"India and the United States both have a very strong interest in ensuring that there is safe and unimpeded maritime commerce. We also have a very strong interest in ensuring that globally energy prices are kept low and that energy sources are more available," he said.

Citing fragile geopolitical situation, Jaishankar said India has very strong relations with the US, Russia, Europe, Ukraine and countries around the world.

"The question then is how do you manage all of them. So in that sense, it is multi-alignment because today's India has that range of interests which require us to manage multiple accounts." The external affairs minister also flagged India's concerns with Rubio over the Trump administration's changes to visa and immigration policies, saying legal mobility should not be adversely impacted by the new approach.

The US Secretary of State acknowledged that there could be "some bumps" and "friction points" in the period of transition as the US is trying to improve the immigration system but ultimately an "efficient" framework will be helpful to every stakeholder.

The Secretary of State said the current process to reform the immigration system is not targeted at India at all.

"Anytime you undertake a reform, any time you undertake a change in the system by which you admit people, there's going to be a period of transition that's going to create some friction points and some difficulties," he said.

"It is not a system that is targeted at India; it is one that's being applied globally. But we're in a period of transition, and like any period of transition, there's going to be some bumps on that road." Answering a question on economic ties, Rubio said India and the US are poised to soon firm up the much-awaited trade agreement that will be both "beneficial" and "sustainable" and would advance the mutual interests of both nations.

"We've made tremendous progress, and I think we're going to wind up with a trade agreement between the US and India that is going to be enduring and is going to be beneficial to both sides and sustainable in a way that addresses national interest that we have," he said.

To a question on Washington's increasingly warm ties with Pakistan and China, Rubio said: "As far as our relations with other countries are concerned, we have relations and we work at the tactical level in many ways with countries all over the world, so does India, like every other responsible nation." "But I don't view our ties with any country in the world as coming at the expense of our strategic alliance with India," he said.

In his remarks, Jaishankar also talked about shared challenges of India and the US.

"Prominent among them is terrorism. Our position in that regard is very clear. It is one of zero tolerance. We appreciate the strong cooperation between the concerned agencies of our two countries in this domain," he said.

"I particularly recognised the extradition from the United States to India last year of a key planner of the 26/11 Mumbai attacks. Our two countries will intensify cooperation bilaterally, as well as in relevant international forums. We will continue to collaborate closely on countering illegal trade," he said.

Hours later, Jaishankar described his talks with Rubio as "good discussions".

Reviewed the entire spectrum of our Comprehensive Global Strategic Partnership, including trade and energy, defence and security, critical minerals and AI, nuclear and people-to-people, counter-terror and counter-narcotics cooperation, he said on 'X'.

"Look forward to joining Secretary Rubio and our colleagues from Australia and Japan for the QUAD Foreign Ministers' meeting on Tuesday," he said.

Rubio also met National Security Advisor (NSA) Ajit Doval.

"The discussions focused on defence, security and strategic technology related cooperation including the TRUST initiative," External Affairs Ministry spokesperson Randhir Jaiswal said.

"The two NSAs reiterated the high priority accorded to the bilateral Comprehensive Global Strategic Partnership. They also exchanged views on regional and global issues," he said.

Rubio also holds the post of National Security Advisor in the Trump administration. PTI MPB RT RT

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