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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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As Hegseth takes charge at Pentagon, here's what changes could be in store

January 26, 2025

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Washington, Jan 26 (AP) When Defence Secretary Pete Hegseth steps into his office on the Pentagon's third floor E Ring on Monday morning, he will have a daunting array of issues to tackle — from global conflicts and border security to administrative tasks.

At the top of his list is addressing President Donald Trump's priority to strengthen the US military presence along the southern border and reviewing whether active-duty forces should be used for law enforcement — something done rarely.

Dozens of other issues will compete for his attention, including developing the Pentagon's massive budget, decisions about aid to Ukraine, support for the ceasefire in Gaza, troop deployments in the Middle East. Not to mention Trump directives to rid the federal government of diversity programmes and personnel as well as moves to cut waste and remove any lingering Biden administration backers.

In a message to the force shortly after he was sworn in Saturday, Hegseth cited the challenges he sees ahead. Some are ones his predecessors also faced, such as reorienting the military from decades of a Mideast focus and better deterring China. Continued conflict in the region, including the October 2023 attack on Israel by Hamas, has made that shift impossible to execute.

Hegseth also told service members about other priorities, including strengthening the defense industrial base and getting the Pentagon to pass an audit, while ensuring that the US remains “the strongest and most lethal force in the world".

Already, support staff have been meeting with military leaders, including Gen CQ Brown Jr, chairman of the Joint Chiefs of Staff. But Hegseth will get to experience what many describe as “drinking from a firehose” as he works to quickly get up to speed on what his 2.1 million service members and 780,000 civilians in the department are doing. Among them are tens of thousands serving overseas, including in combat zones.

Then there are the cultural issues that Hegseth railed on as a media personality that did not make it into Hegseth's message to the military. Many expect they will surface in the coming days.

Here are some key issues that Hegseth, who was confirmed in a tiebreaking vote Friday by Vice President JD Vance, will face right away: Border deployments In trying to meet Trump's demand of securing the border, Hegseth will face a barrage of information about what troops are available, what assistance the Border Patrol needs and where, as well as how to house, feed and transport the troops and border personnel and how to ensure none of this affects other national security requirements.

One of his first big decisions is whether he will recommend that active-duty troops deployed to the border get involved in law enforcement, a move that military leaders in recent years have pushed to avoid.

Active-duty forces are prohibited from doing law enforcement duties on US soil under the Posse Comitatus Act. Trump has signed an executive order directing that his defense and homeland security secretaries report back within 90 days on whether they think he should invoke the 1807 law called the Insurrection Act, which allows troops to be used for civilian law enforcement on US soil during emergencies.

During previous deployments, troops have been used for transportation, intelligence, logistics, wall-building and other support tasks, freeing up the Border Patrol to interact with migrants and conduct the law enforcement duties.

Transgender troops In his first executive order, Trump again stripped protections for transgender troops that Democratic President Joe Biden had restored after Trump banned those members from serving during his first term in office.

The ban previously faced legal challenges, and lawyers who represented transgender forces last time are readying to take it up in the courts again. While Trump has not announced a ban, his decision to revoke protections is seen as a first step toward that.

It is unclear how many troops would be affected. The Defense Department has no exact figure on the number of transgender troops serving because not every transgender person is in the same state of medical transition and not every transgender person identifies as such in military paperwork.

The department has referred queries on how many transgender troops there are to the services; the services have said they have no way to track.

The budget and Ukraine Hegseth will have to become familiar with the complicated construction of the Pentagon budget, which right now is about $850 billion. Trump ran on a vow to make the US military more lethal — something Hegseth has echoed. But they also have spoken extensively about cutting waste.

So Hegseth's imprint on the budget will be studied to determine how that's being done.

Woven into those discussions will be security assistance to Ukraine. The State Department has ordered a freeze on new funding for almost all US foreign aid, and there was no indication of a waiver for military assistance for Ukraine like there was for Israel and Egypt.

The Biden administration provided Kyiv with more than $66 billion in military aid and weapons during the war with Russia. It had left unspent about $3.85 billion in congressionally authorized funding to send more weapons to Ukraine from existing US stockpiles — a sum that is not affected by the foreign aid freeze. But it is now up to Hegseth and Trump to decide whether or not to spend it, and Trump hasn't said what he will do on Ukraine aid.

Diversity, equity and inclusion rollbacks Hegseth will take over the Pentagon's push to implement Trump's executive order to get rid of DEI programs, coming as military officers fret over whether they will be fired for being “woke," as Hegseth has pledged to do.

During his Senate hearing, Hegseth affirmed his commitment to focus on lethality and to eliminate wokeness, arguing that DEI policies “divide” troops and do not prioritise “meritocracy”.

Officials said the Defence Department doesn't have any full-time workers assigned to DEI so they don't expect to have to fire people, as other federal agencies have.

But senior leaders have been poring over their websites to delete pages that mention diversity. Lacking clear guidance, staffers were pulling websites down in often inconsistent ways. The Army, for example, temporarily removed its sexual assault guidelines before they later came back online.

Hegseth also has railed against women in combat in his books and on podcasts and said standards were lowered for them, which is not true. He has since toned down his criticism after substantial pushback from lawmakers.

He most recently told senators that he's not aware that Trump wants to roll back the decision to allow women to serve in all combat jobs. Instead, he has talked about doing a review of standards.

Reproductive care After the Supreme Court in 2022 ended constitutional protections for abortion that were set out in Roe v Wade, then-Defence Secretary Lloyd Austin came out with a policy that would allow service members to take leave and be reimbursed for travel expenses to obtain reproductive care — including abortions and in-vitro fertilisation — if the military base they were assigned to was in a state that had banned that care.

It's not clear whether Hegseth will seek to further revise that policy to remove the reimbursement provisions. It has been only scarcely used, and the department does not break down what the travel was for due to medical privacy laws. (AP) SCY SCY

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