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    15th Meeting of ASEAN-India Trade in Goods Agreement (AITIGA) Joint Committee held during 6-9 October 2026
    Commerce Secretary Shri Rajesh Agrawal Highlights Need for Rigorous Legal Thinking at CTIL’s 9th Anniversary Celebration
    Release of Draft Guideline for Compilation Gross State Domestic Product (GSDP) Estimates by Expenditure Approach with Base Year 2022-23
    NLMC Invites Bids for Monetisation of 5.119-Acre Prime Freehold Land Parcel of HIL (India) Limited in New Delhi
    Union Finance Minister Smt. Nirmala Sitharaman on visit to Singapore for high-level meetings with Singapore Leadership and CEOs of business firms in S...
    Recommendations of the 57th Meeting of the GST Council
    India Began Building Bridges When the World Was Building Walls: Union Minister of Commerce and Industry Shri Piyush Goyal
    CCI approves acquisition of sole control over Omega-Meyer Ltd and Meyer Organics by BCPE Wellbeing Holdco Two Ltd. and Integral Investments Asia IV Lt...
    CCI approves proposed acquisition of 100% shareholding of Vishavari Tollway Ltd and nine SPVs operating road assets in India by Concessoc 41 SAS
    CCI approves acquisition of certain shareholding in Prestige Hospitality Ventures Limited by CPP Investment Board Pvt. Holdings (4) Inc.
    CCI approves proposed combination related to internal restructuring of the JSW Group
    NLMC Organises Mock E-Auction Training Ahead of RINL Land E-Auction
    Central Bureau of Narcotics (CBN) conducts Jan Samvad at Malana in Kullu District to create preventive drug awareness and to promote development
    Adopted Joint Statement after the India-UK Financial Markets Dialogue 2026, held in London
    Commerce Secretary Shri Rajesh Agrawal Calls for Greater Utilisation of India-EFTA TEPA Opportunities
    Commerce and Industry Minister Shri Piyush Goyal Holds Meetings with Leading U.S. Companies in New York to Strengthen India–U.S. Trade and Investmen...
    Monetary Policy Statement, 2026-27 Resolution of the Monetary Policy Committee October 5 to 7, 2026
    An Approach Paper on Expanding the scope and coverage for the Index of Services Production
    DRI cracks down on cross-border gold smuggling along Indo-Bangladesh border; seizes over 8.3 kg foreign-origin gold; 4 arrested
    Secretary, DFS, Shri Sanjay Lohiya chairs review meeting on progress of Financial Inclusion Schemes with senior executives of Public Sector and Privat...
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October 9, 2026
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AITIGA review negotiations face time-bound subcommittee deliverables to resolve policy issues and modernise trade arrangements.
The AITIGA Joint Committee directed its sub-committees to accelerate pending review chapters through firm, time-bound deliverables and close coordination. Work covers legal and institutional issues, national treatment and market access, and rules of origin. ASEAN and India reaffirmed their commitment to resolve outstanding policy issues, deepen economic integration, and modernise the Agreement into a balanced and mutually beneficial framework strengthening bilateral trade.
October 9, 2026
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International investment law requires balance between investment protection and States' regulatory authority amid sustainability and digital trade challenges.
International trade and investment law are increasingly shaped by sustainability-linked trade measures and digital trade and require rigorous legal analysis. CTIL supports trade capacity through legal analysis for free trade agreement negotiations, WTO processes, dispute settlement and institutional knowledge-building. International investment law increasingly recognises States' regulatory authority alongside investment protection, with institutionalisation, legitimacy and the balance between investment and public power identified as central concerns. Research and capacity-building also address climate, sustainability, supply chains, artificial intelligence and other emerging trade-policy areas.
October 9, 2026
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Expenditure-side GSDP compilation framework standardises regional estimates through common methods, local data sources, and allocation indicators.
Draft guidelines establish a uniform framework for compiling expenditure-side Gross State Domestic Product estimates using base year 2022-23. They cover data sources, estimation procedures and methodologies for private and government consumption, gross fixed capital formation, inventory changes, valuables and net exports. State-specific data and allocation indicators are preferred, while recommended allocation methods support consistent estimates where direct subnational data are unavailable. The approach is intended to harmonise estimation practices and strengthen subnational national accounts capacity.
October 9, 2026
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Freehold land monetisation proceeds through a two-stage electronic sale requiring technical bids and an Earnest Money Deposit.
Monetisation of a 5.119-acre freehold industrial land parcel owned by HIL (India) Limited at Najafgarh Industrial Area, New Delhi, is facilitated through an E-Tender followed by E-Auction. Eligible bidders must complete registration, submit technical bids, and furnish the required Earnest Money Deposit or Bank Guarantee by the stipulated deadline. Sale is subject to "as is where is", "as is what is", "whatever there is" and no-recourse or no-complaint conditions. The exact land extent is to be determined through a joint survey with the successful bidder.
October 9, 2026
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India-Singapore investment cooperation advances through investor engagement, financial connectivity, capital-market participation, and support for identified investment opportunities.
India-Singapore investment cooperation is to be strengthened through engagements with political leadership, business representatives and global institutional investors. Discussions cover trade and investment, digital financial connectivity, capital markets, taxation, advanced manufacturing, skilling and aviation. The National Investment and Infrastructure Fund and GIFT City are identified as channels for Singaporean capital participation through investment vehicles and funds. The Ministry of Finance will facilitate connections between investors, Indian companies, financial institutions and State Governments for identified investment opportunities.
October 8, 2026
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GST process reforms propose automated registration, refunds and return corrections while easing enforcement, credit access and trade compliance.
GST process reforms propose automated registration, registration amendments and cancellation, return reconciliation, input tax credit correction, and phased system-based refund processing. Standardised demand notices and adjudication safeguards are proposed alongside lower penalties, capped penalty-only appeal pre-deposits, withdrawal of arrest powers and narrowed prosecution provisions. Input tax credit reforms would expand refunds and remove specified blocked-credit restrictions, while export measures would broaden zero-rated and export-of-services eligibility. Goods interception would be intelligence-based and authorised, with further compliance relief for small taxpayers and targeted classification, exemption and reverse-charge measures.
October 8, 2026
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Free trade agreement utilisation enables MSME market access, rules-of-origin awareness, export participation, and foreign investment opportunities while protecting sensitive sectors.
Free Trade Agreements are positioned to preserve sensitive domestic interests, particularly agriculture, fisheries and MSMEs, while widening market access for agricultural, marine, engineering, precision and electronic products and facilitating foreign investment. Proposed FTA utilisation desks across State Councils would assist MSMEs in using preferential arrangements, understanding rules of origin and market-access opportunities, participating in delegations and exhibitions, and presenting products and technologies to overseas markets.
October 8, 2026
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Sole-control acquisition of nutraceutical and pharmaceutical businesses receives competition approval for Bain Capital-managed investment funds.
Competition Commission of India approval permits BCPE Wellbeing Holdco Two Limited and Integral Investments Asia IV Limited, funds managed or advised by Bain Capital, to acquire sole control over Omega-Meyer Limited and Meyer Organics Private Limited. The target businesses provide nutraceuticals globally and in India, while Meyer Organics Private Limited also produces and supplies certain over-the-counter and prescription finished-dose pharmaceuticals in India.
October 8, 2026
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Highway asset acquisition approval covers full ownership transfer of a tollway operator and road-project special purpose vehicles.
Competition Commission of India approval covers the acquisition by Concessoc 41 SAS of the entire shareholding in Vishavari Tollway Private Limited and nine special purpose vehicles. The target entities operate designated national-highway stretches in Andhra Pradesh, Odisha and Gujarat, while Vishavari Tollway Private Limited provides operation and maintenance and engineering, procurement and construction services for those highway assets.
October 8, 2026
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Competition clearance for hospitality share acquisition permits investment in a company owning and developing hotel and serviced apartment assets.
Competition Commission of India approved the proposed combination involving CPP Investment Board Private Holdings (4) Inc.'s acquisition of certain shareholding in Prestige Hospitality Ventures Limited. The target is an Indian public limited company within the Prestige group and owns and develops hospitality assets, including hotels and serviced apartments. The acquirer is incorporated in Canada and is managed by Canada Pension Plan Investment Board.
October 8, 2026
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Internal group restructuring receives merger-control approval for amalgamating an integrated steel producer into the group's steel manufacturer.
Merger-control approval covers the proposed internal JSW Group restructuring through amalgamation of BMM Ispat Limited into JSW Steel Limited. The amalgamation would convert the group's majority interest in BMM into full ownership and is intended to enhance operational, financial and organisational efficiencies through economies of scale, resource pooling and capital rationalisation. BMM is commercially integrated in the group's supply chain through intra-group sales and procurements.
October 7, 2026
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Transparent land e-auction procedures support bidder preparedness through mock training, registration and earnest-money requirements for phased asset monetisation.
National Land Monetization Corporation is facilitating a two-phase e-tender-cum-e-auction of 459 encumbrance-free land parcels of Rashtriya Ispat Nigam Limited through the RailTel E-Nivida e-Procurement Platform. Participation requires registration, fulfilment of prescribed requirements and submission of earnest money deposit within the applicable deadlines. Physical and online mock e-auction training familiarises prospective bidders with the bidding interface and participation procedure. Investor outreach provides information on plot details, eligibility requirements, registration and bidding conditions.
October 7, 2026
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Preventive narcotics outreach promotes drug awareness, community participation, and sustainable livelihood alternatives to discourage illicit cannabis cultivation.
Preventive outreach in Malana village promoted drug awareness, youth engagement, community participation and alternative development in an area associated with illicit cannabis cultivation. Residents were sensitised to the harmful effects of cannabis, charas and hashish oil consumption and encouraged to pursue sustainable alternatives, including apiculture, animal husbandry, dairy activities and tourism. Community discussions addressed livelihood barriers, ecological concerns, and commitments to refrain from drug consumption and discourage illicit cannabis cultivation.
October 7, 2026
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Cross-border financial cooperation guides work on market access, sustainable finance, fintech safeguards, and payment interoperability.
India-UK financial-markets cooperation covers capital-market connectivity, cross-border listings, investor access and development of GIFT IFSC as an international financial centre. Engagement also addresses insurance, pensions, asset management, sustainable-finance disclosures and cross-border investment. Fintech cooperation includes digital public infrastructure, central bank digital currencies, data exchange, responsible artificial intelligence, fraud prevention, cyber security and operational resilience. Cross-border payments work prioritises reduced frictions, transparency, efficiency and interoperability of electronic payment infrastructures.
October 7, 2026
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Investment commitments and tariff predictability under India-EFTA TEPA support market access, supply-chain planning, and long-term bilateral trade.
India-EFTA TEPA establishes reciprocal market-access commitments, with EFTA coverage extending to most Indian exports and full coverage for non-agricultural products. Tariff predictability is intended to support investment planning, supply-chain development and longer-term business partnerships. Agricultural opportunities may arise where duties have been reduced to zero. Article 7.1 includes an investment commitment under which the EFTA States are to aim to increase foreign direct investment into India and facilitate employment generation within specified implementation periods.
October 7, 2026
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Foreign investment engagement focuses on expanded partnerships across financial services, manufacturing, insurance, and emerging technologies in India.
India-U.S. trade and investment engagement was pursued through discussions with leading United States companies on expanding investment, partnerships and commercial operations in India. Financial-sector discussions addressed private equity, asset and wealth management, insurance, and financial services, including prospective engagement aligned with the objective of insurance access for all by 2047.
October 7, 2026
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Policy repo rate recalibration responds to inflationary pressures, adopting calibrated tightening while future actions depend on growth and inflation conditions.
Monetary policy is recalibrated through an increase in the policy repo rate under the liquidity adjustment facility by 25 basis points to 5.50 per cent. The monetary policy stance shifts to calibrated tightening, indicating that near-term rate reductions are excluded and that subsequent action may consist of a rate increase or a pause, depending on evolving conditions and the outlook. Further rate action depends on growth-inflation developments, underlying inflation, broadening price pressures, second-round effects and demand impulses.
October 7, 2026
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Index of Services Production expansion proposes broader service-sector coverage through education, health, residential care, public administration and defence.
The Index of Services Production is proposed to expand beyond its initial formal-sector coverage, which relies on high-frequency administrative data and GST outward-supplies data. Education, Human Health and Residential Care, and Public Administration and Defence are proposed for inclusion. Their incorporation would increase coverage of services-sector Gross Value Added and support aggregation of sub-sectoral indices into a unified measure of short-term services-sector movements. Stakeholder views are invited on the proposed methodology.
October 7, 2026
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Cross-border gold smuggling enforcement addresses concealed foreign-origin gold transport through customs seizure, arrest, and investigation of organised networks.
Intelligence-led customs enforcement targeted cross-border gold smuggling through surveillance and interception of four persons travelling from a border route. Personal searches recovered foreign-origin gold biscuits concealed in specially tailored cloth waist belts. Seventy-two gold biscuits were seized under relevant provisions of the Customs Act, 1962, and the four persons were arrested. Investigation continues into organised networks and wider syndicates involved in the movement and distribution of smuggled gold.
October 6, 2026
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Financial inclusion drives digital lending, insurance claim awareness, portal enrolment, and banking access for marginalised sections.
Banks were urged to expand brick-and-mortar branches and banking correspondent coverage in unbanked villages, strengthen digital outreach, and implement end-to-end digital loan processing. Working-capital lending for micro-enterprises through UPI-linked credit lines and credit cards was highlighted. Banks were also directed to increase awareness of insurance claim eligibility, exercise care in claim-related grievance handling, and enrol new PMJJBY and PMSBY beneficiaries through the Jan Suraksha portal.

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Trump, the 'America First' candidate, has new preoccupation: Imperialism

January 9, 2025

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New York, Jan 9 (AP) Donald Trump ran on a return to his "America First” foreign policy platform. The US, he said, could no longer afford to be the world's policeman. On his watch, he pledged, there would be no new wars.

But since winning a second term, the president-elect has been embracing a new imperialist agenda, threatening to seize the Panama Canal and Greenland — perhaps by military force — and saying he will use economic coercion to pressure Canada to become the nation's 51st state.

“Canada and the United States, that would really be something. You get rid of that artificially drawn line, and you take a look at what that looks like and it would also be much better for national security,” Trump said of the world's longest international border and the US' second-largest trade partner.

Such talk of undermining sovereign borders and using military force against allies and fellow NATO members — even if said lightly — marks a stunning departure from decades-old norms about territorial integrity. And it is rhetoric that analysts say could embolden America's enemies by suggesting the US is now OK with countries using force to redraw borders at a time when Russia is pressing forward with its invasion of Ukraine and China is threatening Taiwan, which it claims as its own territory.

“If I'm Vladimir Putin or Xi Jinping, this is music to my ears," said John Bolton, Trump's former national security adviser-turned-critic, who also served as ambassador to the United Nations.

Trump's language, reflecting a 19th century world view that defined European colonial powers, comes as international allies were already grappling with the implications of his return to the world stage.

Gerald Butts, outgoing Canadian Prime Minister Justin Trudeau's former top adviser and a longtime close friend, said Trump seems more emboldened than when he first took office in 2017.

“I think he's feeling a lot less unencumbered than he was the last time. There are no restraints. This is maximum Trump,” he said.

Butts is part of a WhatsApp group with others who staffed heads of state and government during the first Trump term. “Someone joked that the big fear the last time was that he didn't know what he was doing and the big fear this time is that he does,” he recounted.

Trump's swaggering rhetoric also marks a continuation of the kind of testosterone-heavy energy that was a signature of his campaign, particularly as he worked to win over younger male voters with appearances on popular podcasts.

Charlie Kirk, a key Trump ally who joined Trump's eldest son, Donald Trump Jr, on a trip to Greenland this week, argued on his podcast Wednesday that it was imperative for the US to control Greenland. The island is an autonomous territory of Denmark, a longtime US ally and a founding NATO member.

Beyond the country's strategic location in the Arctic and its rich resources, Kirk said, “there is this other component. It makes America dream again, that we're not just this sad, low-testosterone, beta male slouching in our chair, allowing the world to run over us." "It is the resurrection of masculine American energy. It is the return of Manifest Destiny,” said Kirk, whose Turning Point group helped with Trump's get-out-the-vote effort.

Trump allies have long argued that his bluster and most audacious statements are all part of his complex negotiating tactics. Aides note that nearly half of US shipping containers travel through the Panama Canal and that key canal ports are controlled by a Hong Kong–based firm.

Greenland is home to the Pituffik Space Base, the northernmost US post, which plays a key role in missile warnings and space surveillance. And China and Russia have been making their own investments in the Arctic at a time when new potential shipping routes are opening as ice caps melt.

Canada, Trump's team notes, spends far less on defence than its southern neighbour.

“Every decision President Trump makes is in the best interest of the United States and the American people. That's why President Trump has called attention to legitimate national security and economic concerns regarding Canada, Greenland and Panama," said Trump-Vance Transition spokesperson Karoline Leavitt.

But Michael McFaul, the Obama-era ambassador to Russia who now serves as director of the Freeman Spogli Institute for International Studies at Stanford University and a senior fellow at the Hoover Institution, said Trump's language is counterproductive to US national security interests.

“President Trump is about to take over at one of the most dangerous times in American history," he said. "We will be best at addressing those threats with allies. Allies are our superpower. And so I wish he would focus on the real threats and not invent threats.” Trump's trolling is not the negotiating ploy of “crazy genius,” he said, and will have consequences.

“We've got serious enemies and adversaries in the world, and we're better off with the Canadians and the Danes with us than pissed off with us," he said.

Indeed, Canadian officials have responded with increasing anger.

“The joke is over,” Dominic LeBlanc, the country's finance minister and point person for US-Canada relations, said Wednesday. “It's a way for him, I think, to sow confusion, to agitate people, to create chaos knowing this will never happen." Mexican President Claudia Sheinbaum responded with sarcasm Wednesday to another Trump proposal: to rename the Gulf of Mexico as the “Gulf of America." Standing before an old map, she quipped that North America should be renamed “América Mexicana,” or “Mexican America,” because a founding document dating from 1814 that preceded Mexico's constitution referred to it that way.

“That sounds nice, no?” she said.

Denmark and Panama have responded similarly, with Panama's foreign minister, Javier Martínez-Acha, saying, “The sovereignty of our canal," which the country has controlled for more than 25 years, “is not negotiable and is part of our history of struggle and an irreversible conquest.” Mike O'Hanlon, a senior fellow at the Brookings Institution, said he has been surprised by Trump's recent comments given his previous relative disinterest in using force.

While Trump boasted that he had a bigger and more powerful “nuclear button” than North Korea and bombed Iranian general Qassim Soleimani during his first term, he also cast himself during the campaign as a president who had started no new wars and who would be able to prevent World War III.

O'Hanlon noted that NATO members are sworn to defend each other if they are attacked, creating what would be an unprecedented situation were Trump to actually try to forcefully take Greenland.

“You could make a strong argument that the rest of NATO would be obliged to come to Denmark's defence," he said. “It does raise the possibility, at whatever crazy level, of direct military force.” Bolton has long criticised Trump for lacking a coherent policy strategy, saying his approach is "transactional, ad hoc, episodic and really viewed from the prism of how it helps Donald Trump.” He said Trump has never liked Trudeau, and was clearly enjoying trolling the Canadian leader as he railed against the nations' trade imbalance. Canada, a resource-rich nation, sells more goods to the US than it buys.

But Bolton said the president-elect's expansionist talk about Canada and Greenland is likely to backfire, adding: “When you do things that make it less likely you're going to achieve the objectives, that's not master bargaining, that's crazy." (AP) SCY SCY

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