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Announcements & other updates

DRI seizes 25,000 kg Pakistani watermelon seeds smuggled via Dubai

The Ministry of Finance announced on 23 October 2026 that the Directorate of Revenue Intelligence (DRI) seized approximately 25,000 kg of watermelon seeds originating from Pakistan. The seeds, valued at about Rs. 2.02 crore, were routed through Dubai and falsely declared as UAE-origin to bypass India's import ban on Pakistani goods and restrictions on watermelon seeds.

Read the explainer Press release 2327627Official release from pib.gov.in ↗
Source details
Issued by
Ministry of Finance
Published on
Press Information Bureau, pib.gov.in (Press releases)
File hosted on
www.pib.gov.in, the government's file server for pib.gov.in
Dated
23 October 2026
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October 20262 items

Budget & spending
Announcements & other updates

Finance Minister chairs 30th FSDC meeting to review India's financial stability

The Ministry of Finance announced on 23 October 2026 that Union Minister Smt. Nirmala Sitharaman chaired the 30th meeting of the Financial Stability and Development Council (FSDC). The Council discussed measures to protect the financial sector from cyber threats, promote Fintech innovation, and manage risks from global economic uncertainties and AI.

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Indian financial sector
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On 23 October 2026: 30th Meeting of the Financial Stability and Development Council (FSDC) · Across India
Press release 2327596Official release from pib.gov.in ↗ Explainer
Source details
Issued by
Ministry of Finance
Published on
Press Information Bureau, pib.gov.in (Press releases)
File hosted on
www.pib.gov.in, the government's file server for pib.gov.in
Dated
23 October 2026
The link opens
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Government services
Announcements & other updates

Government clarifies legal right to reduce shareholding in IDBI Bank

The Ministry of Finance stated on 17 October 2026 that the Central Government is legally permitted to dilute or divest its stake in IDBI Bank. This clarification follows reports regarding 2003 legislative debates; the Ministry noted that an amendment to restrict stake dilution was rejected and not included in the final IDBI (Repeal) Act, 2003.

Who it affects
Central Government
When · Where
On 17 December 2018: Delhi High Court decision in All India IDBI Officers’ Association v. Union of India & Others · Across India
Press release 2324612Official release from pib.gov.in ↗ Explainer
Source details
Issued by
Ministry of Finance
Published on
Press Information Bureau, pib.gov.in (Press releases)
File hosted on
www.pib.gov.in, the government's file server for pib.gov.in
Dated
17 October 2026
The link opens
The original press release on the government website, in a new tab, unchanged.
Our check
Drafted from the release text and checked by software. Not yet reviewed by a person.