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    September 22, 2026
    DRI seizes over 845 kg contraband drugs at various locations in intensified crackdown on drug trafficking;
    September 22, 2026
    Appeal to Employees of Public Sector Banks and Regional Rural Banks for Ensuring Uninterrupted Banking Services.
    September 22, 2026
    Central Bureau of Narcotics and Brahma Kumaris sign MoU to strengthen preventive drug awareness, youth empowerment and community outreach.
    September 22, 2026
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    September 22, 2026
    India-New Zealand FTA to Enter into Force from 20 October 2026
    September 21, 2026
    Bengaluru customs arrest passengers for smuggling ganja, gold at airport
    September 21, 2026
    Third-country goods routed via New Zealand into India won't get FTA duty benefits
    September 21, 2026
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    September 21, 2026
    Ex-Punjab DIG Bhullar case: ED arrests 'middleman' Kirshanu Sharda for corruption
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September 22, 2026
DRI seizes over 845 kg contraband drugs at various locations in intensified crackdown on drug trafficking;
Show AI Summary
Narcotics trafficking enforcement targets concealed cross-border and domestic cannabis, cocaine, and amphetamine movement through seizures and arrests.
Enforcement under the Narcotic Drugs and Psychotropic Substances Act, 1985 targeted drug trafficking through intelligence-led interceptions of cannabis, charas/hashish, cocaine and amphetamine consignments. More than 845 kg of contraband was seized across rail, road and airport transit points, with 15 persons arrested. Operations addressed cross-border and domestic movement, including concealment in clothing, baggage, commercial cargo, consumer-product containers and textiles, and extended to a receiver and organiser linked to amphetamine trafficking.
September 22, 2026
Appeal to Employees of Public Sector Banks and Regional Rural Banks for Ensuring Uninterrupted Banking Services.
Show AI Summary
Five-day banking demand prompts continued dialogue as employees are urged to avoid strikes and maintain uninterrupted services.
Industrial-relations engagement addresses strike action seeking a five-day banking week and withdrawal of the Performance Linked Incentive scheme. The scheme has been kept in abeyance, while conciliation continues on the five-day workweek demand. Employees are urged to resolve issues through dialogue and maintain uninterrupted banking services. Workforce measures include revised pay scales, welfare benefits, streamlined recruitment and promotions, improved transfers, pension-related benefits, medical insurance, disability-related allowances, and early negotiations for the next Bipartite Settlement.
September 22, 2026
Central Bureau of Narcotics and Brahma Kumaris sign MoU to strengthen preventive drug awareness, youth empowerment and community outreach.
Show AI Summary
Preventive Drug Awareness Partnership establishes voluntary youth education, community outreach, and wellness activities without enforcement or policing functions.
The cooperative framework supports preventive drug-awareness campaigns, youth-empowerment initiatives and community outreach programmes through value-based education, awareness of harms associated with narcotic drugs and psychotropic substances, and information on counselling, recovery and treatment avenues. Activities include seminars, workshops, exhibitions, rallies, competitions and digital awareness initiatives, with focus on educational institutions, rural communities and youth. Activities remain voluntary, educational, inclusive and non-regulatory, and participating volunteers cannot perform enforcement, investigation or policing functions.
September 22, 2026
PROVISIONAL ESTIMATES OF INDEX OF CORE INDUSTRIES FOR THE MONTH OF AUGUST 2026, AND FINAL INDEX FOR THE MONTH OF JULY 2026 WITH BASE YEAR 2022-23.
Show AI Summary
Core industry index growth is driven by electricity, cement, and iron ore despite contraction across coal, natural gas, and fertilizers.
The Index of Core Industries (ICI), using base year 2022-23, records a provisional overall index of 119.2 for August 2026, representing year-on-year growth of 4.8 per cent against August 2025. The July 2026 overall index has been finalised at 120.8 in place of its provisional value of 121.2, with the associated year-on-year growth revised from 5.4 per cent to 5.0 per cent. August 2026 data remain provisional.
September 22, 2026
India-New Zealand FTA to Enter into Force from 20 October 2026
Show AI Summary
Tariff liberalisation under the India-New Zealand FTA grants Indian exports duty-free access while protecting sensitive agricultural products.
From 20 October 2026, the India-New Zealand Free Trade Agreement applies duty-free treatment to all tariff lines covering Indian exports to New Zealand, while preserving exclusions for sensitive Indian agricultural products. Market access for New Zealand apples, kiwifruit, and Manuka honey remains subject to tariff rate quotas, minimum import prices, seasonal windows, and safeguards. Services commitments, mobility routes, investment facilitation, agricultural cooperation, and recognition of specified international inspection approvals form further components.
September 21, 2026
Bengaluru customs arrest passengers for smuggling ganja, gold at airport
Show AI Summary
Airport smuggling enforcement targets concealed ganja and gold, leading to passenger interceptions and arrests under customs law.
Customs enforcement at Bengaluru airport involved interception and arrest of passengers allegedly attempting to smuggle hydroponic ganja and gold by concealing the goods in cabin baggage, other baggage, undergarments, or on the body. Cases involved arrivals from Vietnam, Bangkok, Kuala Lumpur, and Abu Dhabi. The Abu Dhabi gold-ornament case involved an arrest under the Customs Act.
September 21, 2026
Third-country goods routed via New Zealand into India won't get FTA duty benefits
Show AI Summary
Rules of origin prevent third-country transshipment from receiving preferential tariffs under bilateral trade arrangements between partner economies.
India-New Zealand free trade preferences apply only to goods satisfying Rules of Origin. Third-country goods routed through New Zealand cannot receive preferential Indian tariff treatment, as bilateral cumulation is confined to originating materials and goods of India and New Zealand. Sensitive sectors receive no duty concessions, while a bilateral safeguard mechanism addresses sudden import surges after duty elimination or reduction. Temporary Employment Entry, student mobility commitments, post-study work opportunities, and exemption from directly funded social-security contributions for temporary Indian residents form part of the services framework.
September 21, 2026
Govt urges bank employees to refrain from strikes, resolve issues through dialogue
Show AI Summary
Banking service continuity is prioritised through dialogue as employee welfare measures and wage negotiations address outstanding demands.
Banking-sector industrial relations are addressed through an appeal to bank employees to avoid strike action and pursue outstanding demands through dialogue, in order to keep banking services uninterrupted. Most union concerns are considered substantially addressed, while a remaining demand continues to be examined. The demand for withdrawal of the Performance Linked Incentive scheme had been addressed by placing that scheme in abeyance following detailed discussions. Employee welfare measures, wage revisions, and negotiations for the forthcoming Bipartite Settlement are intended to support workforce welfare and banking-sector efficiency.
September 21, 2026
Ex-Punjab DIG Bhullar case: ED arrests 'middleman' Kirshanu Sharda for corruption
Show AI Summary
Money-laundering investigation addresses alleged use of a middleman to demand, receive, move and conceal corruption proceeds.
Money-laundering proceedings were initiated from corruption FIRs alleging that a middleman was used to demand and receive illegal gratification. Investigation concerns the alleged facilitation of receipt and movement of funds, supported by searches yielding cash seizure and freezing of financial accounts. Financial records and digital devices allegedly indicated unexplained deposits, investments, transactions involving the officer, and possible involvement of other public servants. The inquiry is tracing alleged proceeds of crime and the role of associated persons and entities.
September 21, 2026
RBI revises foreign currency deposit inflows under FCNR(B) upward to USD 133 bn
Show AI Summary
FCNR(B) foreign-currency deposits use a swap facility to mobilise non-resident funds without direct rupee exchange-rate risk.
RBI's special USD-INR foreign-exchange swap facility mobilised foreign-currency inflows through FCNR(B) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings. The FCNR(B) deposit window closed on 31 August 2026 after its mobilisation objective was achieved, while the facility remained available for the other two channels until 31 December 2026. FCNR(B) collections were revised upward to approximately USD 133 billion. Such deposits are fixed-term foreign-currency deposits with principal and interest repayable in the same currency, avoiding direct rupee exchange-rate risk for non-resident depositors.
September 21, 2026
CBI arrests 'absconding' IRS officer in Rs 40-lakh bribery case
Show AI Summary
GST bribery investigation concerns alleged illegal gratification sought to resolve quarry firm's tax and royalty proceedings.
GST-related corruption allegations concern an alleged demand for illegal gratification from a stone-quarrying firm to resolve GST and royalty proceedings. A Customs House Agent was apprehended in a trap operation while allegedly accepting the negotiated amount on behalf of a CGST Superintendent and an Additional Commissioner. Custody proceedings involved written communication of arrest grounds and intimation to relevant family members and advocates.
September 21, 2026
Haryana plans Rs 2,295-crore rural infra push
Show AI Summary
Rural infrastructure financing supports irrigation, roads, water supply, warehousing and micro-irrigation through structured lending and implementation oversight.
Haryana's 2026-27 rural infrastructure financing plan comprises six proposals for irrigation, roads, drinking-water supply and warehousing, with loan assistance proposed under the Rural Infrastructure Development Fund. Infrastructure Development Assistance has been sanctioned for the India International Horticulture Market, while further micro-irrigation proposals have been recommended under the Micro Irrigation Fund. Implementation oversight emphasises faster project execution and timely drawal claims, alongside borrowing approval and prospective support for water security, groundwater recharge, efficient irrigation and treated-wastewater reuse.
September 21, 2026
IPL betting syndicate: ED arrests 'principal bookie' in Guwahati money-laundering case
Show AI Summary
Money laundering allegations in illegal cricket betting prompted investigative custody and examination of suspected routing of betting proceeds.
Money-laundering investigation into an organised illegal cricket-betting syndicate concerns the alleged use of online platforms, encrypted messaging channels, and a principal bookie to solicit, accept, and settle bets. Betting-derived funds were allegedly routed through a partnership firm represented as non-operational, whose account recorded substantial corresponding credits and debits. Property and vehicle records, digital data, and statements under the PMLA are relied upon to allege the acquisition, possession, use, transfer, and projection of proceeds of crime as untainted property.
September 21, 2026
ED chargesheets EaseMyTrip promoter Nishant Pitti in Mahadev betting app case
Show AI Summary
Money laundering allegations concern foreign portfolio investments, alleged share-price manipulation, attachment, and proposed confiscation of betting proceeds.
PMLA proceedings name Nishant Pitti in relation to allegations that proceeds from illegal online betting were introduced into Indian equity markets as foreign portfolio investments. The allegations attribute to him a role in facilitating and layering such proceeds through pre-arranged share-price manipulation involving Easy Trip Planners Ltd. Property action includes provisional attachment of his DEMAT shares, described as proceeds of crime, and a request for confiscation.
September 21, 2026
“Sources and Methods for Compilation of National Accounts Statistics”
Show AI Summary
National accounts modernisation adopts updated data sources, revised sector methods, and proportional Denton benchmarking for improved GDP estimates.
National Accounts Statistics in the new series use base year 2022-23, replacing the 2011-12 series. The series was updated to reflect changes flowing from the new Producer Price Index and Index of Industrial Production series. Methodological modernization expands corporate and financial-sector data coverage, refines general-government treatment, and adopts direct household-sector estimation from the Annual Survey of Unincorporated Sector Enterprises and the Periodic Labour Force Survey. Private Final Consumption Expenditure adopts COICOP 2018, while Quarterly National Accounts use the Proportional Denton approach and greater Goods and Services Tax and administrative-data use.
September 21, 2026
Nearly 5 lakh Nagaland voters to receive notices over SIR mapping discrepancies
Show AI Summary
Electoral roll verification requires unmapped voters to establish linkage or submit prescribed documents before final enrolment.
Special Intensive Revision of Nagaland's electoral roll applies a mapping and verification process by reference to the 2005 electoral roll. Electors recorded under no-mapping or mapping-anomaly categories, including persons unable to establish linkage to an elector in the 2005 roll, are to receive notices from Electoral Registration Officers or Assistant Electoral Registration Officers. They must furnish prescribed supporting documents, calibrated to their date or year of birth, for verification. Non-registration in the 2005 roll does not itself cause automatic exclusion.
September 21, 2026
India, Canada to hold next round of talks from Oct 5 for proposed trade pact: Goyal
Show AI Summary
Trade pact negotiations and Russian energy tariffs shape market-access commitments and potential import-duty exposure for exporters.
India and Canada have accelerated negotiations for a Comprehensive Economic Partnership Agreement to establish a bilateral trade framework for goods and services. A United States law concerning sanctions on Russia and Iran authorises tariffs of up to 100 per cent on imports from leading purchasers of Russian crude oil or natural gas, creating potential tariff exposure for Indian exports. The India-European Union trade pact contemplates immediate duty elimination on 90 per cent of Indian goods and phased elimination on a further three per cent over seven years, subject to ratification.
September 21, 2026
India's Semiconductor Market Projected to Grow Threefold to USD 200 billion by 2035: EY-IESA Report
Show AI Summary
Semiconductor ecosystem policy requires predictable regulation, integrated clusters, and coordinated support to convert domestic demand into local value creation.
Semiconductor ecosystem development in India is centred on converting expanding domestic demand into local manufacturing, innovation and supply-chain resilience. A predictable fiscal and regulatory environment, alignment of central and state semiconductor policies, integrated manufacturing clusters and talent-certification programmes are important to project viability and commercialisation. Advanced packaging, compound semiconductors, photonics and chip-to-system integration offer high-potential areas, requiring policy certainty, streamlined approvals and long-term support for research, talent and supplier development.
September 21, 2026
VKDL NPA Advisory Council Chairman V. K. Dubey Felicitated by Uttar Pradesh Women Commission Chairperson Babita Singh Chauhan
Show AI Summary
Legal and NPA advisory services receive recognition for social welfare, women's employment, legal awareness, and financial dispute-resolution work.
Felicitation of Advocate V. K. Dubey recognised his stated work in women's employment, public welfare, banking, NPA resolution, legal awareness, and social service. His profile encompasses civil, criminal, non-performing asset, banking, corporate, and settlement matters; leadership of bodies engaged in financial-dispute resolution; and legal assistance and public awareness intended to improve access to justice for marginalised persons. Associated initiatives include education and support for disadvantaged communities and wider social empowerment.
September 21, 2026
Rupee rises 15 paise to close at 95.81 against US dollar
Show AI Summary
Rupee appreciation reflected lower crude oil prices, stronger domestic equities, and improved risk sentiment amid diplomatic expectations.
Rupee appreciation against the US dollar followed lower crude oil prices, improved global risk sentiment, positive domestic equity markets, and softer US Treasury yields. Dollar index strength, geopolitical developments, and possible increases in oil supplies remained relevant to currency movements. Market commentary anticipated a slight positive rupee bias if crude oil prices continued to ease, while renewed geopolitical tensions could weaken risk sentiment. Net foreign institutional investment and a decline in foreign exchange reserves also formed part of the market context.

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PROVISIONAL ESTIMATES OF INDEX OF CORE INDUSTRIES FOR THE MONTH OF AUGUST 2026, AND FINAL INDEX FOR THE MONTH OF JULY 2026 WITH BASE YEAR 2022-23.

September 22, 2026

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Provisional Estimates of Index of Core Industries for the month of August 2026 (Base Year 2022-23)

  1. Key highlights of ICI for the month of August 2026
  1. The Index of Core Industries (ICI) grew by 4.8 per cent in August 2026 (Provisional Estimate) on a year-on-year basis, compared with August 2025. This is slightly less than the growth rate of 5.0 per cent recorded in July 2026 (Final Index).
  2. Cement, Electricity, Iron Ore, Steel, and Refinery Products observed (Y-o-Y) growth rate of 12.5 per cent, 11.6 per cent, 5.5 per cent, 3.4 per cent, and 2.6 per cent, respectively, whereas Coal, Natural Gas, Crude Oil, and Fertilizers witnessed negative growth in August 2026.
  3. Iron Ore, Electricity, and Cement have been the major drivers of overall growth of ICI during recent months.
  4. Cumulative growth rate of ICI during April-August 2026 was 4.3 per cent (Provisional Estimate) compared to 2.4 per cent in the corresponding period of the previous year.
  5. The charts (1 to 4) below show trend in ICI and its growth rate for the last 13 months, industry-wise indices and growth rates for July and August 2026, and sector-wise contribution to overall ICI growth in August 2026.

Chart 1: ICI and growth rate

 (P)-Provisional               

 Chart 2: Sector-wise index in July and August 2026

(P)-Provisional

 Chart 3: Sector-wise growth rate in July and August 2026

(P)-Provisional

 Chart 4: Sector-wise contribution to growth

(P)-Provisional

  1. The final index for the month of July 2026 has been revised from 121.2 (Provisional Estimate) to 120.8. Accordingly, YoY growth rate has been revised from 5.4 per cent to 5.0 per cent.
  2. Index of Core Industries, and Year-on-Year (YoY) growth rate for the last 13 months is given at Annexure-I and Annexure-II. ICI for the months of April 2023 onward have been placed on the web portal of OEA at web link (https://eaindustry.nic.in/ici_download_data.asp).
  3. Annual and Cumulative Index and YoY growth rate is given at Annexure-III and Annexure-IV.
  4. Release Schedule: Provisional index of ICI for a reference month will be released on the 20th of the following month (if it is a working day, else on next working day). Accordingly, The ICI for the month of September 2026 will be released on Wednesday, 21st October 2026.

Annexure-I

Table 1: Index of Core Industries for last 13 months

Sector

Coal

Natural Gas

Crude Oil

Refinery Products

Fertilizers

Steel

Cement

Electricity

Iron Ore

Overall Index

Weight

5.596

3.841

7.43

22.572

2.731

17.584

4.41

30.932

4.905

100.00

Aug-25

93.3

104.6

98.2

105.7

114.9

135.9

109.6

119.4

91.1

113.7

Sep-25

91.5

100.7

93.3

99.0

109.5

133.0

110.1

115.2

91.5

109.6

Oct-25

104.1

103.9

96.6

108.9

117.5

131.7

115.4

104.4

115.7

111.0

Nov-25

124.6

102.1

93.9

105.1

114.9

131.3

119.0

97.9

134.6

110.0

Dec-25

136.5

103.2

96.5

113.1

116.3

141.4

141.2

110.6

146.5

120.0

Jan-26

141.5

102.5

96.2

112.5

115.2

148.1

143.3

114.5

146.7

122.5

Feb-26

133.9

91.9

86.7

101.2

103.3

134.7

137.6

107.1

137.3

112.7

Mar-26

152.9

101.2

95.7

113.1

76.5

149.2

151.1

119.5

160.6

124.9

Apr-26

99.8

98.0

93.4

100.6

82.5

134.3

129.5

122.9

137.1

115.3

May-26

105.0

99.6

95.8

100.3

101.2

137.5

132.5

131.2

148.5

120.1

Jun-26

107.6

97.0

92.5

101.5

102.3

136.8

138.4

132.3

148.7

120.7

Jul-26

93.8

101.3

94.0

111.6

104.0

139.6

128.7

133.6

104.8

120.8

Aug-26 (P)

89.8

99.5

94.7

108.4

100.7

140.5

123.3

133.3

96.1

119.2

Data for August 2026 is Provisional

Annexure-II

Table 2: YoY growth rate of ICI for last 13 months

Sector

Coal

Natural Gas

Crude Oil

Refinery Products

Fertilizers

Steel

Cement

Electricity

Iron Ore

Overall Index

Weight

5.596

3.841

7.43

22.572

2.731

17.584

4.41

30.932

4.905

100.00

Aug-25

10.8

-2.2

-0.7

3.4

4.5

15.3

5.4

4.2

7.9

6.2

Sep-25

-1.1

-3.7

-0.7

-3.2

1.7

14.3

5.1

3.1

0.8

3.1

Oct-25

-8.4

-5.2

-0.8

5.3

7.4

9.5

5.2

-7.0

8.7

0.8

Nov-25

2.2

-2.5

-2.6

-0.2

5.5

11.6

15.1

-1.5

19.3

3.5

Dec-25

3.7

-4.4

-5.1

-0.3

4.1

11.1

14.0

6.2

22.3

5.6

Jan-26

0.9

-4.9

-5.4

0.4

3.7

13.8

11.3

5.1

12.8

5.2

Feb-26

1.4

-5.0

-4.8

-0.4

3.5

9.9

9.1

2.3

8.5

3.2

Mar-26

-4.0

-3.7

-5.3

0.9

-24.6

9.6

4.7

0.8

33.3

2.9

Apr-26

-9.0

-4.2

-3.2

-0.2

-8.5

4.7

8.3

5.5

12.5

2.7

May-26

-9.5

-5.0

-4.2

-8.2

-1.0

5.1

8.4

11.2

19.0

3.2

Jun-26

1.4

-4.8

-4.2

-4.0

-3.3

5.6

9.9

11.4

44.5

6.0

Jul-26

7.6

-3.0

-5.3

3.0

-8.0

1.9

12.7

8.4

29.5

5.0

Aug-26 (P)

-3.8

-4.9

-3.6

2.6

-12.4

3.4

12.5

11.6

5.5

4.8

Data for August 2026 is Provisional

Annexure-III

Table 3: Annual and Cumulative Index of Core Industries

Sector

Coal

Natural Gas

Crude Oil

Refinery Products

Fertilizers

Steel

Cement

Electricity

Iron Ore

Overall Index

Weight

5.596

3.841

7.43

22.572

2.731

17.584

4.41

30.932

4.905

100.00

2023-24

111.7

106.1

100.6

103.6

103.7

113.6

108.9

107.1

107.3

107.2

2024-25

117.3

105.7

98.4

106.5

106.7

121.8

115.9

112.6

112.2

111.8

2025-26

116.4

102.0

95.8

106.9

106.6

135.9

125.8

113.8

121.2

115.2

Apr-Aug 25

102.5

103.6

98.1

105.9

105.2

132.3

118.3

119.2

104.3

114.3

Apr-Aug 26

99.2

99.1

94.1

104.5

98.1

137.7

130.5

130.7

127.0

119.2

Data for April-August 2026 is Provisional

Annexure-IV

Table 3: YoY growth rate of Annual and Cumulative Index of Core Industries

Sector

Coal

Natural Gas

Crude Oil

Refinery Products

Fertilizers

Steel

Cement

Electricity

Iron Ore

Overall Index

Weight

5.596

3.841

7.43

22.572

2.731

17.584

4.41

30.932

4.905

100.00

2024-25

5.0

-0.3

-2.2

2.8

2.9

7.3

6.4

5.2

4.6

4.3

2025-26

-0.7

-3.6

-2.7

0.4

-0.1

11.6

8.5

1.0

8.0

3.0

Apr-Aug 25

-0.7

-2.7

-1.4

0.4

-0.9

11.8

7.6

0.7

-3.4

2.4

Apr-Aug 26

-3.2

-4.4

-4.1

-1.4

-6.7

4.1

10.3

9.6

21.8

4.3

Data for April-August 2026 is Provisional

***

Abhishek Dayal / Abhijith Narayanan

Topics

Acts Income Tax
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