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    Gross and Net GST revenue collections for the month of September, 2026
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October 1, 2026
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GST revenue accounting distinguishes gross collections, refunds, net domestic and customs revenue, and SGST-IGST settlement reporting.
Gross GST revenue for September 2026 distinguishes domestic collections and IGST on imports; after domestic and ICEGATE refund adjustments, net revenue is calculated separately for domestic and customs GST. Cumulative collections through September similarly distinguish gross receipts, refunds and net revenue. SGST reporting compares pre-settlement receipts with post-settlement amounts that include the SGST portion of IGST settled to States and Union Territories. State and Union Territory revenue comparisons exclude GST on imported goods, while April-September domestic collections are split between Central and State formations.
October 1, 2026
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Annual Survey of Industries results record broad manufacturing growth and define survey coverage, enumeration, digital data collection, and reliability limits.
ASI 2024-25 records broad-based growth in registered manufacturing, including establishments, output, Gross Value Added, employment, emoluments, fixed capital, invested capital, net income and net profit. The survey covers specified registered factories, bidi and cigar establishments, certain electricity undertakings, and qualifying large units in State-maintained business registers. Data are collected electronically under the statutory framework for collection of statistics using an establishment-based approach, with quality checks and caution required because the estimates arise from a sample survey.
October 1, 2026
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Economic resilience policy dialogue examines financial stability, digital governance, trade fragmentation, and investment priorities amid global uncertainty.
The fifth Kautilya Economic Conclave will examine economic resilience amid global shocks through discussions on macroeconomic stability, monetary policy, financial stability, investment, fiscal federalism and capital-market development. Its agenda also covers digital economy governance, artificial intelligence, trade fragmentation, strategic autonomy, climate resilience, food systems, demographic change and global health security. Plenaries, parallel sessions and closed-door roundtables will consider policy responses and mobilisation of domestic and foreign capital for long-term investment.
September 30, 2026
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Equity acquisition in a life insurer receives competition clearance for BNP Paribas Cardif's proposed investment.
Competition Commission of India approval covers a proposed combination under which BNP Paribas Cardif will acquire certain equity share capital in IndiaFirst Life Insurance Company Limited. The transaction is an acquisition of an ownership interest in an Indian life insurer. IndiaFirst Life Insurance Company Limited is incorporated in India, is an IRDAI-licensed insurer, and provides life insurance in India.
September 30, 2026
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Merger control clearance permits Chubu's acquisition of equity in Continuum Green Energy through primary and secondary transactions.
Competition Commission of India approval covers the acquisition of certain equity shareholding in Continuum Green Energy Limited by Chubu Electric Power Company Netherlands B.V. The proposed combination comprises a primary subscription for, and secondary purchase of, the Target's equity shares from Continuum Green Energy Holdings Ltd., Singapore. The Target and its Indian subsidiaries primarily generate and sell renewable power from wind and solar sources.
September 30, 2026
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Competition clearance authorises Bain Capital funds to acquire majority control of Everllence through a share transfer from Volkswagen.
Competition approval covers the indirect acquisition of a majority of the shares and voting rights in Everllence SE and its direct and indirect subsidiaries by funds managed or advised by Bain Capital Investors, LLC, from Volkswagen Aktiengesellschaft through a share transfer. Nikolaus (BC) Bidco GmbH acts as the purchaser and is a special purpose vehicle ultimately controlled by Bain Capital-managed or advised funds.
September 30, 2026
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Full-shareholding acquisition in crop protection receives competition clearance, combining businesses spanning agrochemicals, seeds, and agricultural equipment.
Competition Commission of India approved Crystal Crop Protection Limited's acquisition of the entire, fully diluted shareholding of FMC India Private Limited from FMC Netherlands Holdings II B.V. and its affiliates. The approved combination comprises the acquisition of 100% of FMC India's shareholding by Crystal Crop. Crystal Crop is an Indian public limited company engaged in development, manufacture, and distribution of crop protection products, seeds, and agricultural equipment.
September 30, 2026
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Investment facilitation supports cross-border manufacturing, technology, supply-chain, and business expansion partnerships between the two economies.
India-U.S. economic engagement extends beyond conventional trade to investment, manufacturing, technology, innovation, resilient supply chains, and high-value capabilities. Business engagement with manufacturing and technology companies addresses opportunities in India and expansion of partnerships. The Government of India indicates readiness to facilitate corporate operations, expansion, and investments in India.
September 30, 2026
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Monthly fiscal accounts report receipts, tax devolution, and revenue and capital expenditure against budget estimates.
Monthly accounts up to August 2026 record total receipts of Rs.13,67,709 crore, comprising net tax revenue, non-tax revenue and non-debt capital receipts. Tax devolution to State Governments totals Rs.5,90,391 crore. Total expenditure is Rs.20,77,958 crore, divided between revenue expenditure of Rs.15,68,009 crore and capital expenditure of Rs.5,09,949 crore, with revenue expenditure including interest payments and major subsidies.
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.

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Pete Hegseth vows to bring 'warrior culture' if confirmed as Trump's defence secretary pick

January 14, 2025

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Washington, Jan 14 (AP) President-elect Donald Trump's choice for defence secretary Pete Hegseth vowed Tuesday to foster a “warrior culture” at the Pentagon, portraying himself as a “change agent” during a testy Senate confirmation hearing.

The hearing drew an outburst of protest but also veterans supporting the pick.

Hegesth drew on his combat experience in the Army National Guard and did not initially address the allegations of sexual assault and excessive drinking against him as senators determine whether the veteran and TV news show host is fit to lead the US military.

“It's time to give someone with dust on his boots the helm. A change agent,” Hegseth said in opening remarks.

Asked directly about the sexual assault allegation, Hegseth dismissed it as a “smear campaign” as he portrayed himself as unfairly attacked. But he did not specifically address any of the accusations, or tell the senators that he did not drink or womanise.

Senators immediately began sparring, with the Republican chairman of the Armed Services Committee acknowledging the “unconventional” choice and the top Democrat warning of “extremely alarming” allegations against him.

Sen. Roger Wicker, R-Miss., the chairman, compared Hegseth to Trump himself, dismissed the various allegations against him as unfounded and said he will “bring energy and fresh ideas to shake up the bureaucracy.” But Sen. Jack Reed, D-R.I. said flatly: “I do not believe that you are qualified to meet the overwhelming demands of this job.” Hegseth's experience in the Army National Guard is widely viewed as an asset for the job, but he also brings a jarring record of past statements and actions, including allegations of sexual assault, excessive drinking and derisive views about women in military combat roles, minorities and “woke” generals. He has vowed not to drink alcohol if he is confirmed to lead the Pentagon.

Trump backed his pick, saying Hegseth has “my Complete and Total support” in a morning post wishing the nominee “good luck.” The hearing at the Senate Armed Services Committee is the start of a weeklong marathon as senators begin scrutinising Trump's choices for more than a dozen top administrative positions.

Hegseth is among the most endangered of Trump's Cabinet choices, but GOP allies are determined to turn him into a cause celebre for Trump's governing approach amid the nation's culture wars. Outside groups, including those aligned with the Heritage Foundation, are running costly campaigns to prop up Hegseth's bid.

In the audience were cadres of men wearing clothing expressing support for veterans or service in the military, but also protesters who momentarily disrupted proceedings but were removed from the room.

The Republican-led Senate is rushing to have some of Trump's picks ready to be confirmed as soon as Inauguration Day, January 20, despite potential opposition to some from both sides of the aisle. With a narrow GOP majority, they need almost all Republicans to support Trump's pick if Democrats oppose.

Hegseth faces perhaps the most difficult path to confirmation. He will be forced to confront allegations of sexual assault, which he has denied, and his own comments that are far from the military mainstream, though he has the support of some veterans' groups that say his past indiscretions are not as important as his focus on improving military readiness to fight.

“He will be ripped. He will be demeaned. He will be talked about,” said Sen. Tommy Tuberville, R-Ala., at an event with former Navy SEALs, Army special forces and Marines supporting the nominee. “But we're going to get him across the finish line.” And Hegseth will have to answer for his comments that women should “straight up” not be in combat roles in the military, a view he has softened following recent meetings with senators. Two former female combat veterans, Republican Joni Ernst of Iowa and Democrat Tammy Duckworth of Illinois, are among those grilling him from the dais.

“He can try to walk back his comments on women in combat all he wants, but we know what he thinks, right?” said Duckworth, an Iraq War veteran who lost her legs and partial use of her right arm when the Black Hawk helicopter she was piloting in the Army National Guard was shot down. “He's the most unqualified person to ever be nominated for secretary of defence.” Many senators have not yet met with Hegseth and most do not have access to his FBI background check, as only committee leaders were briefed on its findings. The background check on Hegseth appeared lacking, and did not probe or produce new information beyond what's already in the public realm about him, according to a person familiar with the situation who insisted on anonymity to discuss it.

In many ways, the Hegseth hearing is expected to follow the template set during Trump's first term, when one of his choices for Supreme Court justice, Brett Kavanaugh, came under intense scrutiny over allegations of sexual assault from his teens but recouped to win confirmation to the high court.

Kavanaugh vigorously fought back during a volcanic 2018 hearing, portraying the sexual assault allegations against him as a smear job by liberal lawmakers and outside groups opposed to his judicial record, turning the tables in a way that many senators credit with setting a new benchmark for partisanship.

Asked about advice for Hegseth, Sen. John Cornyn, R-Texas, referred to that earlier example.

“Go back and watch videos of the Kavanaugh hearings — give you a flavour,” he said.

Hegseth was largely unknown on Capitol Hill when Trump tapped him for the top Pentagon job.

A co-host of Fox News Channel's “Fox & Friends Weekend,” he had been a contributor with the network since 2014 and apparently caught the eye of the president-elect, who is an avid consumer of television and the news channel, in particular.

Hegseth, 44, attended Princeton University and served in the Army National Guard from 2002 to 2021, deploying to Iraq in 2005 and Afghanistan in 2011 and earning two Bronze Stars. But he lacks senior military and national security experience.

In 2017, a woman told police that Hegseth sexually assaulted her, according to a detailed investigative report recently made public. Hegseth has denied any wrongdoing and told police at the time that the encounter at a Republican women's event in California was consensual. He later paid the woman a confidential settlement to head off a potential lawsuit.

If confirmed, Hegseth would take over a military juggling an array of crises on the global stage and domestic challenges in military recruitment, retention and ongoing funding.

Besides being a key national security adviser to the president, the defence secretary oversees a massive organisation, with nearly 2.1 million service members, about 780,000 civilians and a budget of roughly USD 850 billion.

The secretary is responsible for tens of thousands of US troops deployed overseas and at sea, including in combat zones where they face attacks, such as in Syria and Iraq and in the waters around Yemen. The secretary makes all final recommendations to the president on what units are deployed, where they go and how long they stay.

The secretary's main job is to make sure the US military is ready, trained and equipped to meet any call to duty. But the secretary also must ensure that American troops are safe and secure at home, with proper housing, health care, pay and support for programmes dealing with suicide, sexual assault and financial scams.

Pentagon chiefs also routinely travel across the world, meeting with international leaders on a vast range of security issues including US military aid, counterterrorism support, troop presence and global coalition building. And they play a key role at NATO as a critical partner to allies across the region. (AP) GRS GRS

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