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    Union Minister of Commerce and Industry Shri Piyush Goyal to Visit the United States to Participate in G20 Trade Ministers’ Meeting
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    CBDT extends due date for furnishing Return of Income for AY 2026-27 in respect of persons subject to audit under the Income-tax Act, 1961
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September 28, 2026
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Rules-based multilateral trade engagement supports bilateral agreement negotiations, enterprise opportunities, investment partnerships, and developing-country policy space.
India's G20 trade engagement promotes a rules-based, open and non-discriminatory multilateral trading system while preserving policy space for developing countries. Bilateral discussions seek to expand opportunities for farmers, fishermen, women entrepreneurs, startups, MSMEs and other enterprises. India-United States engagement is intended to advance a balanced Bilateral Trade Agreement and an interim trade deal, alongside investment and industry outreach promoting manufacturing partnerships with Indian enterprises.
September 28, 2026
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Cross-border investment facilitation under CEPA supports local-currency settlement, payment integration, joint projects and timely resolution of investor concerns.
Financial-sector cooperation covers local-currency settlement, integration of payment and messaging systems, and central-bank digital currencies, with steps to support timely implementation for more efficient, accessible and resilient bilateral trade and investment. The UAE-India Fast Track Mechanism remains available for addressing outstanding concerns affecting investments and companies in both jurisdictions, and the parties agreed to support timely resolution of such matters.
September 28, 2026
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Return filing and tax audit deadlines are extended for the identified taxpayer category under the applicable statutory framework.
CBDT extends the Assessment Year 2026-27 Return of Income filing deadline for persons identified at serial no. 2 in the Table below Explanation 2 to section 139(1) of the Income-tax Act, 1961, from 31 October 2026 to 21 November 2026. The specified date for furnishing the audit report for the same class is extended from 30 September 2026 to 21 October 2026.
September 28, 2026
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Courier-based gold smuggling enforcement targets concealed distribution through paper entities and foreign-origin gold consignments nationwide.
Coordinated customs enforcement targeted an organised gold-smuggling network that used courier consignments to distribute foreign-origin gold after cross-border entry. The operation led to seizure of 6.61 kg of gold bars under the Customs Act, 1962, and arrests of eleven associated persons. The network allegedly split gold into small consignments and used paper entities or persons without legitimate gold transactions to conceal distribution through courier channels.
September 28, 2026
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Anti-drug awareness and cultivator outreach combine prevention, direct grievance redressal, and safeguards against illicit narcotics diversion.
Jan Sunwayi programmes provide direct, prompt and accessible grievance redressal for opium cultivators, including name corrections, Namantaran, and eligibility connected with the upcoming Settlement Operation. Cultivators are advised to avoid middlemen or intermediaries and seek clarification or assistance directly. These measures complement anti-drug awareness and preventive outreach aimed at preventing illegal trafficking, diversion and abuse of narcotic drugs and psychotropic substances.
September 28, 2026
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NDPS enforcement targets concealed poppy straw, opium and cannabis trafficking through seizures, arrests, and continuing supply-chain investigation.
Narcotics enforcement operations in Rajasthan led to seizures of poppy straw, opium, hydroponic cannabis, cash, vehicles and a loaded country-made pistol, with four arrests. Poppy straw was recovered from vehicles and premises, including a truck where it was concealed beneath cement bags. Opium and cash were recovered from residential premises, while hydroponic cannabis concealed in an international parcel was recovered at the Foreign Post Office, Jaipur. The seized articles were taken under relevant provisions of the Narcotic Drugs and Psychotropic Substances Act, 1985, and supply-chain investigation continues.
September 28, 2026
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Free trade agreement market access is positioned to expand export opportunities and international investment for local entrepreneurs.
Free Trade Agreement-led market access is positioned to expand international opportunities for entrepreneurs in Uttar Pradesh by supporting exports, investment inflows and access to overseas markets. International trade engagement is supported through direct business access to global markets, buyer-seller meetings and promotion of the State's products, cuisines and services. Export expansion, international investment, tourism and global recognition of State brands form the stated next phase of economic development, supported by coordination between governments and trade and industrial stakeholders.
September 28, 2026
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Multilateral infrastructure cooperation guides annual development bank participation and bilateral engagement on sustainable investment and economic connectivity.
The official visit includes participation, as India's Governor, in the Annual Meeting of the Board of Governors of the Asian Infrastructure Investment Bank, alongside bilateral meetings and engagement with governmental leadership, business leaders and investors. The AIIB focuses on sustainable infrastructure and productive-sector investment in Asia to promote sustainable economic development, wealth creation and infrastructure connectivity.
September 25, 2026
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Reciprocal trade agreement negotiations face tariff and subsidy pressures as both governments pursue lower bilateral trade barriers.
India-US bilateral trade negotiations seek completion of the first-phase Bilateral Trade Agreement through a reciprocal trade arrangement lowering trade barriers and tariffs. Further negotiations are required because of changed US tariff conditions, forced-labour tariffs on Indian goods, a possible investigation into excess industrial capacity and subsidies, and sanctions legislation relating to Russia. Ministerial and bilateral engagements will review progress on the proposed reciprocal arrangement.
September 25, 2026
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Banking strike contingency measures direct customers toward advance transactions and digital channels as branch operations may be disrupted.
Banking-service continuity measures anticipate possible disruption from a three-day employee strike. Customers are advised to complete essential transactions in advance and use ATMs/ADWMs, mobile and internet banking, UPI, business correspondent points and other digital channels. Branch and office operations at participating institutions may be affected, while essential services are to be maintained where possible. Union demands include a five-day banking week, pension improvements and transition options from the National Pension System to the old pension scheme.
September 25, 2026
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Government borrowing calendar: Reduced dated-securities borrowing will use weekly auctions, green bonds, switches and buyback operations.
Second-half dated-security borrowing will be completed through weekly auctions across maturities ranging from 3 years to 50 years, including Sovereign Green Bonds. Switching and buyback operations will continue to smooth the redemption profile, while a greenshoe option may permit retention of additional subscriptions. Treasury Bill borrowing will proceed through 91-day, 182-day and 364-day instruments. Auctions will offer non-competitive bidding for specified retail investors, and flexibility is retained to modify issuance terms or introduce non-standard maturity instruments, floating-rate bonds and inflation-indexed bonds.
September 25, 2026
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Interest-free working capital assistance for FCV tobacco growers supports liquidity, institutional loan repayment, crop inputs, and reduced private borrowing.
A one-time, interest-free working-capital loan of Rs. 50,000 per barn is approved for FCV tobacco growers in Andhra Pradesh under the Interest-Free Working Capital Assistance Scheme. Covering about 44,000 growers, the assistance is proposed to be delivered through direct benefit transfer. It is intended to provide liquidity for household requirements, institutional loan repayment and crop inputs, while reducing dependence on private borrowing.
September 25, 2026
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Government securities auction calendar establishes retail bidding access, flexible issuance terms, greenshoe subscriptions, and periodic debt switch operations.
Each auction carries a non-competitive bidding facility, under which five per cent of the notified amount is reserved for specified retail investors. The Government may modify indicated amounts, issuance periods and maturities, and may issue instruments with non-standard maturities, floating-rate bonds or inflation-indexed bonds, having regard to governmental requirements, market conditions and other relevant factors. It may retain additional subscriptions through a greenshoe option and conduct switch or buyback auctions of dated securities.
September 25, 2026
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Market borrowing plan sets dated securities auctions, Treasury Bill issuance, redemption management, and temporary cash-flow support.
Government market borrowing for the second half of FY 2026-27 is to be raised through weekly auctions of dated securities, including Sovereign Green Bonds, across maturities from 3 to 50 years. Debt-management measures include switching and buyback operations to smooth the redemption profile and a greenshoe option for additional subscriptions. Treasury Bills are to be issued through weekly auctions in 91-day, 182-day and 364-day maturities. The Ways and Means Advances limit is fixed to address temporary mismatches in government accounts.
September 25, 2026
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GI-tagged agricultural exports expand farmer access to international markets through FPO-led value chains and higher price realisation.
APEDA facilitated the export of a one-metric-tonne consignment of GI-tagged Gulbarga Tur Dal from Karnataka to the Maldives through an FPO-led brand. Gulbarga Tur Dal has held GI registration since 2019. The export-linked channel provides farmers a realisation of Rs.82 per kg compared with a prevailing market price of Rs.60 per kg, while supporting closer integration of FPOs and farmers into export-oriented supply chains.
September 25, 2026
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Trader welfare policy discussions covered GST reform, digital commerce, finance access, export promotion, and coordinated institutional support.
Deliberations covered GST rationalisation, refund delays, audit duration, amnesty schemes, input tax credit anomalies and pending appeals, alongside proposed inclusion of traders in MSME facilitation committees, a centralised loan portal with a 30-day timeline, CIBIL score reforms and grievance helplines. Trader welfare measures considered timely contractor payments, safeguards against technical penalties, loan-repayment flexibility during lean periods and stronger Centre-State coordination.
September 25, 2026
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Gold smuggling through powdered gold concealed in food products led to seizure and arrests under customs law.
Intelligence-led interception and baggage examination identified foreign-origin gold converted into fine powder and mixed with packaged food products of similar colour, texture and consistency. Segregation and assaying yielded 9.40 kg foreign-origin gold, which was seized under the Customs Act, 1962. Questioning linked the passengers to the same organised gold-smuggling syndicate, and they were arrested under that Act.
September 25, 2026
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Customs seizure of suspected smuggled areca nuts and restricted poppy seeds followed intelligence-led cross-border enforcement operations.
Intelligence-led customs enforcement in Mizoram and Assam resulted in seizure, under the Customs Act, 1962, of suspected foreign-origin areca nuts and poppy seeds believed on preliminary inquiry to have been smuggled from Myanmar. Searches of locked, unattended godowns near the Indo-Myanmar border recovered the commodities, while interception of two trucks carrying poppy seeds without valid import documents led to seizure of the consignments and vehicles. Four persons connected with transportation of the poppy seeds were arrested.
September 25, 2026
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Industrial control system cybersecurity certification validates system-level protection across wind farm controls, networks, and lifecycle security services.
IEC 62443-3-3 Security Level 2 certification applies to a wind farm control system covering SCADA, PPC, PLC and industrial network devices. It assesses system-level security requirements, including the interaction of components, networks and security mechanisms within an overall industrial control environment. The cybersecurity framework also spans secure development, certified core control components, system-level protection, and security integration and maintenance services across the lifecycle of wind energy technologies.
September 25, 2026
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Foreign exchange reserve composition reflects a weekly decline driven by foreign currency assets despite a modest gold increase.
India's foreign exchange reserves declined by USD 14.881 billion to USD 765.901 billion for the week ended 18 September 2026. The contraction was principally driven by a reduction in foreign currency assets, which also reflect valuation effects from movements in non-US reserve currencies. Gold reserves increased, while Special Drawing Rights decreased and the reserve position with the International Monetary Fund remained reported separately.

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Who is Joseph Aoun, low-profile army chief who is now Lebanon's president?

January 10, 2025

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Beirut, Jan 10 (AP) Lebanon's new president and former army commander Joseph Aoun has maintained a low profile. Those who know him say he is no-nonsense, kind and averse to affiliating himself with any party or even expressing a political opinion — a rarity for someone in Lebanon's fractured, transactional political system.

Bilal Saab, a former Pentagon official who is now senior managing director of the TRENDS US consulting firm, often met Aoun while overseeing Washington's security cooperation in the Middle East. He called Aoun a “very sweet man, very compassionate, very warm” and avoided political discussions “like the plague”.

“He really was viciously nonpartisan, did not have any interest in even delivering speeches or doing media,” Saab said. “He wanted to take care of business, and his only order of business was commanding the Lebanese army.” That might make Aoun an odd fit as Lebanon's president after being elected Thursday — ending a more than two-year vacuum in the post — but Saab said it could be a boon for the country where incoming leaders typically demand that certain plum positions go to supporters.

“He's not going to ask for equities in politics that typically any other president would do," Saab said.

Aoun, 61, is from Aichiye, a Christian village in Jezzine province, southern Lebanon. He joined the army as a cadet in 1983, during Lebanon's 15-year civil war.

George Nader, a retired brigadier general who served alongside Aoun, recalled him as keeping cool under fire.

They fought together in the battle of Adma in 1990, a fierce confrontation between the Lebanese army and the Lebanese Forces militia during the war's final stages. Nader described it as one of the toughest battles of his career.

“The level of bloodshed was significant and I remember Joseph was steady and focused," he said.

Aoun commanded the Lebanese army's 9th infantry brigade before being appointed army chief in March 2017.

During his tenure as commander, he oversaw the army's response to a series of crises, beginning with a battle to push out Islamist militants from the Islamic State group and Hayat Tahrir al-Sham, or HTS, who were then operating in eastern Lebanon near the Syrian border. The army fought in coordination with the Hezbollah militant group.

HTS in its current iteration led a lightning offensive that toppled Syrian president Bashar Assad last month and has become the de facto ruling party in Syria.

The Lebanese army navigated other challenges, including responding to mass anti-government protests in 2019, the 2020 Beirut port explosion and the 14-month conflict between Israel and Hezbollah that came to a halt with a ceasefire agreement in November.

The Lebanese military largely stayed on the sidelines in the Israel-Hezbollah war, only returning fire a handful of times when Israeli strikes hit its positions. Dozens of soldiers were killed in airstrikes and shelling The military also took a major hit when Lebanon's currency collapsed beginning in 2019, reducing the monthly salary of a soldier to the equivalent of less than USD 100.

In a rare political statement, Aoun openly criticized the country's leadership for its lack of action on the issue in a speech in June 2021.

“What are you waiting for? What do you plan to do? We have warned more than once of the dangers of the situation,” he said. The United States and Qatar both at one point subsidised soldiers' salaries.

Ed Gabriel, president of the American Task Force on Lebanon, a nonprofit that aims to build stronger US-Lebanon ties, said he met Aoun about seven years ago when he was taking over command of the armed forces and “immediately found him to be the best of those that we had worked with”.

He described Aoun as a “very direct guy, very honest” and a leader “who inspires loyalty by his hard work”. Those attributes helped Aoun to prevent a flood of defections during the economic crisis, when many soldiers had to resort to working second jobs, Gabriel said.

On a personal level, Gabriel described Aoun as a humble and deeply religious man. Like all Lebanese presidents and army commanders under Lebanon's sectarian power-sharing system, Aoun is a Maronite Christian.

“His religion really sets the groundwork for ... his value system and his morals,” Gabriel said.

In Aoun's hometown, residents burst into celebrations after his election, setting off fireworks, dancing in the streets and handing out sweets and glasses of whiskey.

“We are currently living in very difficult times, and he is the right person for this challenging period," said Claire Aoun, among those celebrating. “May God guide and support him, and may he rebuild this entire nation for us.” But Aoun's election was not without controversy or universally supported, even among fellow Christians.

One of the most influential Christian parties in the country, the Free Patriotic Movement of former President Michel Aoun — no relation to the current president — opposed his candidacy. And the Lebanese Forces party gave him their endorsement only the night before the election.

Some have argued that Joseph Aoun's election violated the law. The Lebanese constitution bars a sitting army commander from being elected president, though the ban has been waived multiple times. Some legislators were not happy doing it again.

Some in Lebanon also perceived Aoun's election as the result of outside pressure — notably from the United States and Saudi Arabia — and less the result of internal consensus. Hezbollah's war with Israel weakened the militant group, politically and militarily, and left Lebanon in need of international assistance for reconstruction, which analysts said paved the way for Aoun's election.

Independent lawmaker Halima Kaakour argued during Thursday's parliament session that “we cannot justify violating the constitution”, even if there was precedent. She took a swipe at countries seen as backing Aoun's election, telling Western and Arab diplomats present, "No one should interfere in our internal affairs.” Saab, the analyst, said painting Aoun as a puppet of Washington is unfair, although he acknowledged there's no such thing as a Lebanese president or prime minister completely independent of foreign influence.

“The entire country is heavily penetrated and vulnerable and at the mercy of international powers," Saab said. "But ... if you were going to compare him to the leadership of Hezbollah being fully subservient to Iranian interests, then no, he's not that guy when it comes to the Americans." (AP) PY PY

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