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September 22, 2026
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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
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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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Geely and Xinwei-Backed Cross-Era Leap Talent Development Program Welcomes Inaugural Class of 'AI Natives'

September 22, 2026

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SANYA, China, Sept. 22, 2026 /PRNewswire/ -- As artificial intelligence (AI) reshapes higher education, institutions and industry are exploring new approaches to identifying and developing talent. On Sept. 16, the Cross-Era Leap Talent Development Program ("Leap Program") held an opening ceremony for its inaugural class. Developed by Xinwei Education to prepare emerging leaders for the industries of the future, the flagship program introduces an educational model grounded in real-world industry settings and designed to identify and cultivate exceptional young talent. The ceremony marked the formal launch of a program that encompasses both the early identification of promising students and their long-term growth.

Chairman of Geely Holding Group, Li Shufu (Eric Li); Lu Dan, CEO of Geely Talent Development Group and Chairman and Global CEO of Xinwei-AI; and Pan Leifang (Tony Pan), Senior Vice President and Chief Human Resources Officer of Geely Holding Group, joined industry mentors, education experts and 19 incoming students selected from tens of thousands of applicants. Participants discussed the future of emerging industries and approaches to preparing the next generation of leaders.

Looking Beyond Grades to Identify Potential Earlier AI is reshaping industries as well as the ways in which talent is developed and assessed.

Chairman Li Shufu discussed the relationship between industry competitiveness and talent development. Every sector, he noted, faces continuing competition, with talent ultimately serving as one of the principal determinants of success. Companies may hire experienced professionals or invest in training recent graduates. Using Geely's longstanding metaphor of cultivating a "talent forest," Li said the Leap Program begins at an earlier stage: rather than selecting "saplings," it seeks to identify promising "seeds." At this earlier stage, the program focuses on advanced technologies and emerging industries in the AI era, seeking out recent high school graduates who demonstrate sustained commitment and exceptional potential in particular fields. Students will study and undertake practical work in four areas—electric vehicles, AI, low-altitude aviation and low-Earth-orbit satellites—through an intensive curriculum that combines academic study with substantive industry experience.

In its selection process, the Leap Program looks beyond test scores alone. Xinwei-AI and Xinwei Education partner with companies, universities and research institutions to evaluate candidates in four areas: passion and ambition, critical thinking and vision, grit and resilience, and empathy and teamwork. A structured assessment framework and a rigorous six-stage selection process are intended to ensure that candidates are evaluated fairly and comprehensively.

Dr. Lu Dan said the approach reflects a fundamental reconsideration of how people develop and acquire capabilities. In addition to academic performance, the qualities increasingly required of future leaders include sustained intellectual curiosity, the ability to learn across disciplines, a willingness to engage with complex problems and the capacity to translate an interest into sustained action. He said educational assessment must move beyond selection based principally on scores toward a more comprehensive process of identifying and developing talent. The approach is intended to create an educational environment in which universities and industry share responsibility for students' growth, with AI supporting collaboration between faculty members and students.

The inaugural class brings a range of strengths: some have a particular interest in robotics programming; others have extensive experience in model aircraft competitions, sustained engagement in independent research or demonstrated strengths in collaborative work. They are united by a willingness to pursue their interests over time and explore them independently.

By identifying talent earlier, the Leap Program also seeks to establish a coherent pathway from discovery to development. Its objective is not simply to select promising students, but to give them opportunities to strengthen and apply their abilities in real-world settings.

From Acquiring Knowledge to Developing Potential Unlike traditional programs centered primarily on classroom instruction and coursework, the Leap Program places sustained emphasis on helping each student realize their potential.

Pan Leifang urged students to "work on real problems and engage with them deeply." One of the program's principal advantages, he said, is that students engage directly with industry challenges from the beginning of their studies. Students will work with code used in real-world applications, gain experience on production lines and contribute to active research projects.

Ding Renzhong, chair of the academic committee at Geely University of China and former president of Sichuan Normal University, said the value of higher education in the future will lie not only in helping students acquire knowledge, but also in preparing them to identify, formulate and investigate problems. Industry settings provide opportunities for applied learning while exposing students to complex questions for which there may be no established answers.

The Leap Program does not prescribe a single developmental path. Instead, each student's experience reflects the individual's interests, strengths and potential, with academic preparation, industry exposure and practical challenges integrated throughout the program. Under a three-mentor model, students will receive guidance as they encounter unfamiliar problems, work in new environments and undertake increasingly complex assignments. In doing so, they will build knowledge and capabilities through sustained engagement with real-world questions.

Xinwei Bee Line, an AI-enabled academic training platform developed by Xinwei-AI, will support students in strengthening their capacity for independent thought and sound judgment. Rather than concentrating solely on finding established answers, students will learn to analyze, test and address real problems. Through this process, students will develop a deeper understanding of how technology operates in different industry contexts while drawing on multiple disciplines and perspectives. The aim is to help students progress from acquiring specialized knowledge to applying it to complex challenges.

The program therefore approaches education not simply as the accumulation of knowledge and skills, but as an ongoing process of identifying, cultivating and applying each student's potential.

From Selection to Shaping the Future At an opening ceremony themed "What Kind of Future Will We Build?", students received a letter framed as a message from 2030 and viewed a dynamic map illustrating possible future pathways for the 19 members of the inaugural class. These elements invited students to consider the relationship between their personal development and the industries they may one day help shape. Academic and industry mentors were formally appointed, while an AI mentor named "Xinwei Liangzai" (means cool boy) was introduced as part of the program's collaborative support structure.

Students also spoke with Li Shufu, other senior leaders, experts and mentors about emerging areas of industry, choosing fields of study, interdisciplinary learning and the translation of research into practical applications. Whereas many university opening ceremonies focus primarily on campus life, the students' questions centered largely on industry developments and future careers, reflecting the program's emphasis on applied learning.

Chairman Li Shufu emphasized that changes in how knowledge is acquired in the AI era require universities to reconsider the objectives of higher education. There is no shortcut to personal development or achievement, he said: students must understand the world around them while retaining the ability to think independently. Learning in the AI era, he added, should progress beyond acquiring knowledge for its own sake to learning how to innovate and prepare for the future.

Dr. Lu Dan said the AI era provides students with access to a broader range of resources and greater scope for exploration, while also amplifying capabilities developed through sustained effort. He encouraged "AI natives" to think ambitiously and explore actively, while recognizing that ideas must ultimately be translated into sustained innovation and action.

As the discussion concluded, Chairman Li Shufu offered his best wishes to the inaugural class: "May you make a successful leap and see your aspirations and dreams fulfilled." Rapid advances in technology, continuing industrial transformation and changes in the ways people access knowledge are prompting higher education institutions to reconsider how talent is identified, developed and assessed. They also underscore the need for closer connections among education, workforce development and industry.

The Cross-Era Leap Talent Development Program represents Xinwei Education's response to these questions. Bringing together universities, companies and technology platforms, the program expands the assessment of candidates beyond examination results to include a broader evaluation of their potential for growth. By connecting early talent identification with individual growth, practical skills and industry experience, the initiative is intended to inform new approaches to identifying and educating promising innovators in the AI era.

(Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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