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Fugitive diamantaire Nirav Modi , accused in the ₹14,000 crore Punjab National Bank (PNB) scam , has hinted at “sensational developments” in his ongoing extradition proceedings in the United Kingdom. The statement was made before Justice Simon Tinkler at the Royal Courts of Justice, London , where Nirav appeared in an unrelated debt recovery case filed by the Bank of India . Nirav, currently lodged in a London prison since 2019, told the court that he remains “extremely hopeful” of either being discharged or granted bail when the extradition case reopens next month. His remarks came as he continues to represent himself in multiple ongoing cases in the UK courts. Background: From India’s Most Wanted to UK’s High-Security Prison Nirav Modi is wanted in India for fraud and money laundering related to fake Letters of Undertaking (LoUs) issued by the PNB’s Brady House branch, which enabled him to siphon off nearly $2 billion . He was arrested in March 2019 in London and has been ...

India’s Emerging FTA Strategy: A Turning Point in Trade Policy India’s recent trade agreements with the United Arab Emirates (UAE) , Switzerland , and most notably with the United Kingdom represent a significant strategic shift in the country’s approach towards Free Trade Agreements (FTAs). According to a detailed analysis by the Global Trade Research Initiative (GTRI) , India is now entering sensitive domains that were previously protected under domestic red lines — a move that could reshape the country’s future engagements with global trade partners. From Protectionism to Market Access: What Has Changed? The GTRI report notes that the nature of India’s FTAs is evolving rapidly . Historically cautious, especially in areas like government procurement, intellectual property rights (IPR), data sovereignty, automobiles , and services , India is now relaxing these barriers under bilateral agreements. Each new agreement — starting with UAE, then Switzerland, and now the UK — has d...