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November 6, 2026
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Bilateral trade and investment cooperation spans electronics, pharmaceuticals, agriculture and emerging technologies, with business engagement exploring commercial opportunities.
Bilateral trade, investment and technological cooperation between India and Hungary were the focus of ministerial meetings and business engagements during a visit to Hungary from 4 to 6 November 2026. A meeting with Hungary's Minister of Science and Technology explored collaboration in emerging technologies, research and innovation between industries and research institutions. The accompanying Indian business delegation interacted with Hungarian trade and investment organisations and held business-to-business meetings with Hungarian companies to explore trade, investment and commercial opportunities.
November 6, 2026
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Rooftop solarisation across feasible administrative buildings follows assessments of roof access, ownership, shadow profiles and load-bearing capacity.
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November 6, 2026
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Conflict diamond certification and responsible sourcing take centre stage in discussions on compliance, digitalisation and industry governance.
Working body chairs and vice-chairs discussed work plans and matters proposed for plenary consideration, including draft administrative decisions, responsible sourcing initiatives, improvements to statistical reporting, institutional governance and participant compliance. Further discussions addressed potential reform of the conflict diamond definition, digitalisation of certification and statistics, sustainable funding and continuity of the secretariat, and effective reporting and peer review. Participants also considered artisanal and alluvial production, the sustainability of producing countries and communities, and compliance with scheme minimum requirements.
November 6, 2026
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Priority sector lending targets and classification face proposed consolidation across bank categories, with public feedback invited on entity-specific drafts.
Priority sector lending targets and classification are the subject of proposed consolidated directions following a review of existing instructions. Separate drafts are proposed for commercial banks, small finance banks, local area banks, regional rural banks and urban co-operative banks. The proposals consolidate existing instructions on an entity-specific basis; instructions omitted from the consolidated drafts are to be repealed following issuance of the directions, with the repeal to be notified separately. Public comments or feedback on the drafts may be submitted by 26 November 2026 through the Connect 2 Regulate section of the Reserve Bank's website, using the relevant link for each draft, or by email.
November 5, 2026
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Tax devolution was advanced ahead of the festive season to support capital spending and development and welfare expenditure.
Regular tax devolution of Rs. 1,09,019 crore was released by the Union Government to State Governments on 5 November 2026, ahead of its normal monthly release date of 10 November 2026. The instalment was advanced in view of the festive season to enable States to accelerate capital spending and finance development and welfare expenditure.
November 5, 2026
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Surplus public asset monetisation proposals require delegated approval and prescribed procedures, supported by valuation and competitive price discovery.
Monetisation proposals for surplus land and buildings of Central Public Sector Enterprises (CPSEs), involving assets valued at over Rs.1,100 crore, have been recommended by the Inter-Ministerial Group for consideration and approval by the Cabinet-delegated Alternative Mechanism. Further monetisation activities are to follow the requisite approvals in accordance with prescribed procedures. The programme aims to realise the economic potential of surplus and underutilised public assets through systematic assessment, professional transaction preparation and competitive price discovery.
November 5, 2026
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Alternative dispute resolution collaboration targets professional training, MSME mediation and policy research to strengthen institutional arbitration and mediation.
Alternative dispute resolution capacity building is the focus of a memorandum of understanding between the Indian Institute of Corporate Affairs and the International Arbitration and Mediation Centre. The collaboration aims to strengthen institutional cooperation and professional excellence in arbitration, mediation and corporate affairs. It envisages customised short- and long-term courses, workshops, seminars and other skills programmes to develop arbitrators, mediators and dispute resolution professionals. Structured programmes, joint initiatives and policy-oriented research are also contemplated, drawing on the institutions' expertise and resources.
November 5, 2026
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Competition approval for securities subscription enables investment in renewable power generation and battery energy storage operations.
The Competition Commission of India has approved Sapphire US HoldCo (USA), LLC's subscription of certain securities of Gentari Renewables India Pte. Ltd. The proposed combination involves investment in a company engaged in power generation through renewable energy sources and battery energy storage solutions in India. Sapphire US HoldCo is a special purpose vehicle incorporated solely for the proposed transaction and is indirectly owned by vehicles or accounts advised and managed by various subsidiaries of KKR & Co. Inc.
November 5, 2026
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Banking business acquisition on a slump sale basis receives competition approval alongside contemplated investment advisory and portfolio management referrals.
Competition Commission of India approval covers Kotak Mahindra Bank Limited's acquisition of Deutsche Bank Aktiengesellschaft's retail banking, private banking and wealth management business conducted through its Indian branches. The acquisition is structured as a going-concern transfer on a slump sale basis. The parties also contemplate affiliate-level referral arrangements for customers of Deutsche Investments India Private Limited's investment advisory and portfolio management businesses to relevant wholly owned subsidiaries of Kotak Mahindra Bank. Deutsche Investments India Private Limited is an indirect wholly owned subsidiary of Deutsche Bank.
November 4, 2026
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E-Way Bill numbering changes propose longer identifiers, with system modifications advised and sandbox testing planned before implementation.
Proposed E-Way Bill numbering changes would increase the E-Way Bill number from 12 to 14 digits and the Consolidated E-Way Bill number from 10 to 11 digits, with effect from 1 January 2027. Taxpayers, GSPs, ERP and software providers, and API integrators are advised to modify applications, APIs, database schemas and validation rules to accommodate the revised formats. The changes are to be released in the Sandbox environment for testing, with relevant details to be published on the E-Way Bill Portal.
November 4, 2026
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Surplus public land monetisation through competitive e-auctions uses reserve prices and market bidding to support asset price discovery.
In the second phase on 3 November 2026, 114 parcels attracted successful bids totalling Rs.218 crore against an aggregate reserve price of Rs.184.81 crore, a premium of 17.96%. Across both phases, 264 parcels attracted Rs.584.33 crore in successful bids against a combined reserve price of Rs.497.29 crore, a 17.50% premium. NLMC plans a third round for the remaining unsold parcels, subject to applicable approvals and conditions; its schedule and other details are to be announced in due course.
November 4, 2026
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Kiwi export market development links local growers with overseas retail testing of consumer demand, packaging and quality expectations.
Kiwi export promotion from Arunachal Pradesh involves a trial shipment of 1.5 metric tonnes from Ziro to Dubai, facilitated by the Agricultural and Processed Food Products Export Development Authority (APEDA). Retail-level consumer tasting and feedback are intended to assess acceptance and potential demand, as well as preferences and expectations concerning quality, packaging and presentation. The findings may help growers, cooperatives and exporters prepare for future commercial shipments and identify market opportunities.
November 4, 2026
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Agricultural export facilitation connects pomegranate farmers and producer organisations with international markets through direct procurement and exporter coordination.
Agricultural export facilitation linked pomegranate growers in Kullu, Himachal Pradesh, with international markets through an APEDA-supported export of 1.3 metric tonnes of Sinduri pomegranates to Dubai. Uttar Pradesh-based Amama Exports sourced the produce directly from local farmers and the Bhuntar farmer producer organisation (FPO), associated with approximately 600 farmers, with procurement and coordination support from the district horticulture administration. Participating farmers realised prices 50% higher than the prevailing domestic market benchmark. Opportunities for horticultural exports to the United Arab Emirates depend on buyer demand, quality requirements and applicable import regulations.
November 3, 2026
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Sustainable banking growth requires prudent lending, diversified deposits, resilient technology and sound governance to maintain customer trust.
Sustainable credit growth calls for sound underwriting, appropriate risk pricing and assessment of borrowers' repayment capacity, supported by a stable, diversified deposit franchise. As digital operations expand, operational and technological resilience encompasses cybersecurity, data protection, business continuity and oversight of third-party service providers. These are institution-wide priorities requiring participation by business functions and senior management, rather than responsibilities confined to technology teams.
November 3, 2026
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Public-sector land monetisation through e-auction offers industrial land for sale subject to eligibility, bidding and redevelopment conditions.
The bidding parameter is the highest auction price, with bids in multiples of Rs. 1 crore per acre. Consortium participation is permitted for up to three members. Earnest money may be paid by bank guarantee or NEFT/RTGS as stipulated in the Request for Proposal. Participants must comply with the specified registration, eligibility, technical bid and auction requirements. Technical bids must be submitted by 1400 hours on 19 November 2026 through the designated e-auction portal, https://nlmc.enivida.com.
November 3, 2026
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Export growth and interest in trade partnerships accompany an ambitious national development vision that calls for youth participation.
The Minister said countries across regions were interested in entering into preferential trade agreements and free trade agreements with India. In education, he highlighted flexibility under the National Education Policy, including opportunities for students to change courses, earn credits and move between streams. He emphasised access to online knowledge through digital connectivity and encouraged students to continue learning and adapt to changing circumstances.
November 3, 2026
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Biopharma startup regulation discussions address faster approvals, a proposed regulatory sandbox, shared infrastructure and simplified patent applications.
Biopharma startup regulatory reform discussions focused on streamlined regulations and faster approvals, including a proposed regulatory sandbox, single-window clearance, global regulatory alignment and simplified patent application processes. Improved access to finance and time-bound action on recommendations were also emphasised to support innovation and growth in India's bioeconomy. The discussions addressed shared infrastructure, including laboratories, testing and clinical trial facilities, to reduce costs and help startups scale.
November 2, 2026
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GST registration amendments require online contact verification and validation for changes other than the principal place of business.
An application to change the principal place of business continues to be examined by the proper officer under Rule 19 of the Central Goods and Services Tax Rules, 2017. For other changes, including the legal name, business personnel and additional places of business, the registration certificate stands amended upon submission and online validation. Online verification of the mobile number and email address of the primary authorised signatory and one selected promoter, partner, director, Karta, member or trustee is mandatory. OTP verification must be completed within three days of submission; otherwise, an Application Reference Number (ARN) will not be generated.
November 2, 2026
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Composition levy category selection requires taxpayers to choose between existing and new eligibility categories, with updates through amendment applications.
Taxpayers may select either the existing Section 10(1) categories or the new category for a person eligible under Section 10(2A), but cannot select both options. Multiple existing categories may be selected; the new category is a single selection. Composition taxpayers may change or update their category through an amendment application in Form REG-14. They must ensure that the selected category is correctly updated across all GSTINs linked to the same PAN.
November 2, 2026
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TDS registration for notified scrap and used cooking oil requires dealers to specify their business category in the application.
Additional notified goods include used cooking oil under heading 1518, plastic waste and scrap under heading 3915, tyre waste and scrap under heading 4004, and electrical and electronics waste and scrap under heading 8549. For TDS registration, taxpayers engaged in these goods categories must select "Others" under "Constitution of Business" in Part B of Table 2 of Form GST REG-07. They must specify the relevant dealer category in the text box that appears, complete the remaining details and submit the application.

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Customs, DGFT & SEZ

Highlights of the Speech of Shri Arun Jaitley, Union Finance Minister of Finance Made While Presenting the Budget of the National Capital Territory (NCT) of Delhi for the Year 2014-15

July 18, 2014

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Following are the Highlights of the Speech of the Union Finance Minister Shri Arun Jaitley made while presenting the Budget of the National Capital Territory (NCT) of Delhi for the year 2014-15 in Lok Sabha here today:

  • President’s Rule imposed in the National Capital Territory of Delhi under Article 239 AB of the Constitution on 16th February, 2014.
  • The Delhi Appropriation (Vote on Account) Bill, 2014 to provide for the withdrawal of certain sums  from and out of the Consolidated Fund of the NCT of Delhi for their services for the period of first six months of the financial year 2014-15 was passed by both the Houses of the Parliament on 21st February, 2014.
  • The President’s Rule in the NCT of Delhi continues, and therefore, the budget of NCT of Delhi is required to be passed by the Parliament during the current session.

Budget Estimates 2014-15

  • The total Budget Estimate for the Government of NCT of Delhi for the year 2014-15 is ₹ 36766 crore.
  • ₹ 19066 Crore Non-Plan expenditure and ₹ 17700 crore Plan expenditure.
  • The outstanding debt of Government of NCT of Delhi stands reduced from ₹ 32080.30 crore as on 31st March 2014 to ₹ 30404 crore at the end of the current financial year.

Health

  • Delhi Government has developed an extensive public health infrastructure with 32 multi-specialty hospitals and 6 super specialty hospitals, providing over 10,000 beds, and a chain of 260 allopathic and 150 AYUSH dispensaries, managed by over 20,000 doctors and allied health workers.
  • Proposed to enhance the number of hospitals beds; hospital projects for ₹ 940 crore are currently under execution which would provide over 1400 additional beds. Two of the largest hospitals, Lok Nayak Hospital and Guru Teg Bahadur Hospital, will be transformed into model healthcare centres
  • A new medical college with 100 seats will be started at Rohini and students admitted by 2015.
  • One new multi speciality hospital for South Delhi in the current year. 
  • 50 new dialysis units will be added in the current year. To provide prompt trauma care, 110 new ambulances fitted with state-of-the-art life support equipment will be inducted in the Centralised Accident and Trauma Services (CATS) fleet.
  • Set up, one stop centres for crisis management and rehabilitation of victims of sexual assault in each district in government hospitals. Three such centres at Deen Dayal Hospital, Guru Teg Bahadur Hospital and Sanjay Gandhi Memorial Hospital will become functional in the next three
  • Set up three more Forensic Science Laboratories for which land at Sheikh Sarai, Rohini and Village Sayurpur at a cost of Rs.₹ 11.25 crore has been purchased. Till the construction of buildings is completed, one more regional Forensic Science Laboratory at Chanakya Puri will be made functional
  • Plan Outlay of ₹ 2724 crore for the Health sector during 2014-15.

Education

  • 20 new schools will be started during the current financial year.A sum of ₹ 350 crore provided for this purpose.
  • In two Assembly Constituencies which do not have, Senior Secondary Schools exclusively for girls, two schools would be opened to promote girls education.
  • Necessary measures will be taken to construct, repair and setup ensure fully functional and clean toilets in all the schools in the current financial year.
  • In the current year, training will be imparted to 20318 teachers through State Council of Educational Research and Training (SCERT).
  • To promote Urdu, Punjabi and Sanskrit additional teachers will be provided.
  • A Skill Development Centre is proposed to be setup under the Public Private Partnership (PPP) Mode for which 37 acres of land has been acquired. This centre would train approximately 15000 students per year in various trades based on the needs of Industry.
  • It is proposed to take up project based financial support to four Academies of Urdu, Sindhi, Punjabi and Hindi in the current financial year.
  • A new School of Planning, Architecture and Design at a cost of ₹ 285 crore will be setup in East Delhi by Guru Gobind Singh Indraprastha University.  
  • The construction of new buildings for Deen Dayal Upadhyay College at a cost of ₹ 151 crore at Dwarka and Shaheed Sukhdev College of Business Studies at Rohini at a cost of ₹ 132 crore is in progress. Further, Government of NCT of Delhi has acquired 51 acres of land at a cost of ₹ 158 crore for National Institute of Technology (NIT) Delhi at Narela. Construction of the NIT, Delhi complex will be expedited.
  • Plan Outlay of ₹ 2482 crore for the Education sector during 2014-15

Social Security & Welfare

  • Mahatma Gandhi said “Poverty is the worst form of Violence” and “The measure of a country`s greatness should be based on how well it cares for its most vulnerable population”.
  • Plan Outlay of ₹ 1862 crore for the Social Security and Welfare sector during 2014-
  • Two Children of incarcerated parents to be provided financial support  till they attain the age of 18 years or till their parents are released
  • Safety and security of women of prime importance. Proposal to set up women helpline in each police station, increase of women helpline numbers, security audit of paying guest accommodation and girl hostels, deployment of women police personnel in PCR (Police Control Room) vans at vulnerable places and in areas prone to crime against women. Various initiatives have been taken to expedite investigation of crimes against women. The process for recruitment of 155 women sub-inspectors and 1434 women constables is on and these women police officials expected to join Delhi Police in 2014-15.
  • 36 lakh people are receiving benefits under National Food Security Act. All eligible beneficiaries will be covered under Food Security Scheme All the 300 vehicles deployed for transportation will be covered by a GPS – RFID (Global Positioning System – Radio Frequency Identification) to prevent leakage
  • Propose to give old age pension to additional 40000 cases pending for last few years. I propose to increase plan outlay under Pension to Senior Citizens from ₹ 538 crore in 2013-14 to ₹ 600 crore in 2014-15.
  • Proposed to set up three more new homes for mentally challenged persons at different locations in Delhi.
  • At present two working women hostels constructed by the Government of NCT of Delhi at Rohini and Vishwas Nagar are there.It is proposed to set up six more such working women hostels under the Public Private Partnership (PPP) mode.

Housing & Urban Development

  • At present 185 night shelters are operational in Delhi. Land has been purchased for construction of seven more night shelters. They will be constructed in the current financial year. Endeavour that all homeless have adequate shelter and basic facilities available to them.
  • The Government of NCT of Delhi will endeavour to provide toilet facilities to all slum dwellers in Delhi in the current financial year.
  • The Government of NCT of Delhi is constructing about 58064 EWS houses under JNNURM, out of which 14844 EWS houses have been completed. Steps are being taken to complete the remaining EWS Houses.
  • Development of unauthorized colonies and their regularization is one of the major challenges. Government of NCT of Delhi will provide essential services in unauthorized colonies in a time bound manner. Piped water supply system will be provided in 50 unauthorized colonies and sewerage system will be laid in 95 unauthorized colonies and a Plan Outlay of ₹ 711 crore is allocated
  • Plan Outlay of ₹ 2154 crore for the Housing & Urban Development Sector during 2014-15.

Water Supply

  • The treated and safe water supply capacity could not be increased in Delhi since 2007, although the population has been increasing each year. Following programmes to be taken up.
  • The pucca parallel channel from Munak to Haiderpur is made functional after resolving the issue with Haryana Government. This will make available 80 MGD (Million Gallons per Day) raw water for newly constructed water treatment plants at Dwarka (40 MGD), Okhla (20 MGD) and Bawana (20 MGD) for a population of about 35 lakhs living in South, South-West, West and North-West parts of Delhi.
  • Construction of long pending Renuka Dam would be taken up on priority with an initial sum of ₹ 50 crore for this purpose.  
  • Complete renovation and modernization of Chandrawal Water Treatment Plant at a cost of ₹ 2018 crore and Wazirabad Water Treatment Plant at a cost of ₹ 2243 crore under Externally Aided Project (EAP) to be partly funded by Japan International Cooperation Agency (JICA) and Asian Development Bank (ADB) respectively.
  • Small sized decentralized drinking water Reverse Osmosis (RO) based plants will be set up and drinking water will be made available through water Automated Teller Machines (ATM). About 500 ATMs supported with ground water / tanker services in 2014-15.
  • Plan Outlay of ₹ 1249.20 crore for the Water Supply sector in 2014-15. 

Sanitation & Control of Pollution in Yamuna

  • Ensure development of Yamuna and tackle the issue of its pollution. Sewerage Treatment Plants (STP) at Pappan Kalan, Nilothi, Yamuna Vihar and Delhi Gate will be commissioned by the end of this year. The sewerage treatment capacity will increase from the present level of 604 MGD to 684 MGD. Old STP and their allied infrastructure at Kondli, Rithala and Okhla shall be rehabilitated under Yamuna Action Plan (YAP-III).
  • A 40 MGD STP is planned with technical support of Singapore Government for achieving tertiary quality of treated effluent. This treated effluent is proposed to be discharged into Yamuna river at Palla, so as to have more raw water and lifted at Wazirabad Water Treatment Plant (WTP) for treatment.
  • The laying of interceptor sewer along with three major drains at a cost of ₹ 1976 crore will be completed in phases by June, 2015.
  • Source National and international technical expertise by Government of NCT of Delhi for ecological rejuvenation of the Yamuna River and beautification of Riverbanks in Delhi.
  • Plan Outlay of ₹ 750.80 crore for the Sewerage Sector during 2014-15.              

Transport

  • Procurement of new 1380 semi-low floor buses for DTC.
  • DTC will introduce an automated fare collection system through electronic ticketing machines and card readers.
  • Add 400 new Cluster Buses making a fleet of about 1600 Cluster Buses during this financial year.
  • All Regional Offices of the Transport Department renovated and modernized
  • The Inter State Bus Terminals (ISBT) at Sarai Kale Khan and Anand Vihar are functioning without suitable infrastructure. New Inter State Bus Terminals at these two sites will be developed
  • The work on construction of phase-II of elevated corridor over Barapullah Nullah at a cost of ₹ 533 crore is in progress. This elevated corridor will further be extended from Sarai Kale Khan to Mayur Vihar under phase - III.
  • Construction of some of the selected flyovers will be taken up on priority.
  • Plan Outlay of ₹ 3702 crore for the Transport Sector during 2014-15.

Energy

  • Improve the transmission and distribution network. Delhi Transco Limited (DTL) to commission a new 400 kV sub-station at Harsh Vihar and 220 KV GIS (Gas Insulated Switchgear) sub-station at PeeraGarhi. Take up the construction of three new 220 KV GIS sub-stations at Papankalan, Tughlakabad and Rajghat Power House in the current financial year.
  • Sort out the issue of adequate gas supply at reasonable cost to the 1500 MW Gas Turbine Station commissioned at Bawana.
  • Under Energy Efficiency and Renewable Energy Management Programme, Solar Photovoltaic (SPV) plant of 335 kWp (kilowatt peak) at eight locations and 100 kWp SPV plant at Vikas Bhawan – II commissioned. Further, 130 kWp SPV plant at ISBT Kashmere Gate under installation. SPV plants of 10 kWp at Delhi Secretariat and 25 kWp at four Government hospitals and 10 kWp SPV plant at four Government schools will be taken up in the current year.
  • To develop New Delhi Municipal Council (NDMC) area as a solar city under the scheme of Development of Solar cities of Ministry of New and Renewable Energy (MNRE).
  • Propose power subsidy of ₹ 260 crore for the domestic consumers to provide relief to the targeted consumers on account of increase in tariff by DERC yesterday.  The modalities will be worked out by the Government of NCT of Delhi.    
  • Plan Outlay of ₹ 675 crore for the Energy Sector during 2014-15.
  • Provided₹200 crore for power reforms and ₹ 500 crore for water reforms in NCT of Delhi.
  • No new tax or increase in the present tax rates in the budget of the Government of NCT of Delhi.

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