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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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Trump's Gaza plan has stunned region. Here's look at serious obstacles it faces

February 5, 2025

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Jerusalem, Feb 5 (AP) President Donald Trump's stunning proposal to forcibly transfer hundreds of thousands of Palestinians out of the Gaza Strip and develop it as a tourist destination faces major obstacles.

The Palestinians and many others view such plans as ethnic cleansing, an attempt to drive them from their homeland after Israel's 15-month offensive against Hamas rendered much of it uninhabitable. It was also seen as an attempt to liquidate their decades-long struggle for a state, which has wide international support.

Arab countries, including Egypt and Jordan — close US allies at peace with Israel — have condemned such plans and roundly rejected Trump's suggestion that they take in more Palestinian refugees.

Saudi Arabia issued a rare overnight statement rejecting the idea of transfer and reiterating that it won't normalise relations with Israel — a key goal of the Trump administration — without the establishment of a Palestinian state including Gaza.

The proposal also risks undermining the ceasefire in Gaza and the continued release of hostages taken in Hamas' October 7, 2023, attack that triggered the war. Trump has claimed credit for brokering the truce, but its future is now more uncertain.

The Palestinians don't want to leave Palestinians view Gaza as an integral part of their national homeland and aspire to an independent state in Gaza, the West Bank and east Jerusalem, territories Israel captured in the 1967 Mideast war.

Most of Gaza's population are descendants of refugees from the 1948 war surrounding Israel's creation, when hundreds of thousands of Palestinians fled or were driven out of what is now Israel. They were not allowed to return because they would have outnumbered the new state's Jewish population.

The Palestinian ambassador to the United Nations, Riyad Mansour, suggested that if Trump's goal is to send the Palestinians to a “happy, nice place,” they should return to their ancestral homes in Israel.

The ideal of remaining on one's land despite threats of expulsion is at the heart of the Palestinians' struggle and self-identity, and was on vivid display last week when hundreds of thousands returned to northern Gaza despite its near-total destruction.

Both Hamas and the Western-backed Palestinian Authority, which recognises Israel and cooperates with it on security, have vehemently condemned Trump's proposal.

Arab countries will not accept Palestinian refugees Egypt and Jordan, which made peace with Israel decades ago, have repeatedly rejected previous proposals to resettle Palestinians within their borders.

They too fear that Israel would never allow the Palestinians to return, and that a mass influx of Palestinian refugees would once again destabilise the region, as it did in the decades after 1948, when it was a key factor in Lebanon's civil war and Israel's two invasions of that country.

Both countries also have struggling economies that would have a hard time absorbing large numbers of refugees.

Trump suggested that wealthy Gulf countries could pay to resettle the Palestinians, but that appears unlikely.

Saudi Arabia, the United Arab Emirates and Qatar have joined Egypt and Jordan in rejecting any transfer plans, and the Saudis repudiated the plan almost immediately.

The Saudi statement reiterated remarks made in September by Crown Prince Mohammed bin Salman, who said Saudi Arabia would not normalise relations with Israel without the creation of a Palestinian state with east Jerusalem as its capital.

The kingdom said its “unwavering position is non-negotiable and not subject to compromises.” Trump has leverage, but so do Mideast leaders Trump seems to relish using tariffs, sanctions and aid cutoffs to pressure allies and adversaries alike, and could apply economic pressure on countries like Egypt and Jordan, which have long relied on American aid.

But those countries have levers of their own in the face of what they see as a major threat to their national security. And wealthy Gulf countries, which have also historically provided aid to Egypt and Jordan, could help cushion any economic blow.

Egypt has already warned that any mass transfer of Palestinians into the Sinai Peninsula bordering Gaza could undermine its peace treaty with Israel — a cornerstone of regional stability and American influence for nearly a half-century.

Egypt and Qatar have also served as key mediators with Hamas in the talks that led to the ceasefire, and both are working with Trump's Mideast envoy, Steve Witkoff, to try to extend it.

Israelis welcome the plan, but hostages are a priority The idea of mass transfer has historically been confined to the far-right in Israel, but on Wednesday, mainstream leaders said Trump's plan was worth considering.

Prime Minister Benjamin Netanyahu, at the press conference with Trump, acknowledged that “jaws drop” when the US president proposes unorthodox ideas, but then “people scratch their heads and they say, You know, he's right.'" Benny Gantz, a centrist politician and former general long seen as a more moderate alternative to Netanyahu, said Trump's proposal showed “creative, original and intriguing thinking,” and should be studied alongside other war goals, “prioritising the return of all the hostages.” Opposition leader Yair Lapid, a fierce critic of Netanyahu who has voiced support for a two-state solution in the past, did not object to the idea. Instead, he said in an interview with local media that it was too early to react to Trump's proposal since there are no concrete details, and that returning the hostages was most important.

The current phase of the Gaza ceasefire, in which Hamas is to release 33 hostages in exchange for hundreds of Palestinian prisoners, ends in early March. The second phase, in which the remaining 60 or so hostages would be freed in exchange for more prisoners, is being negotiated.

Hamas has said it will not release the remaining hostages without an end to the war and a full Israeli withdrawal — which would likely preclude any forcible transfer.

Israel's far-right Finance Minister Bezalel Smotrich, who supports what he refers to as the “voluntary emigration” of large numbers of Palestinians and the re-establishment of Jewish settlements in Gaza, has threatened to leave Netanyahu's coalition if he doesn't resume the war after the first phase, which would likely lead to early elections. He welcomed Trump's proposal.

The resumption of the war would put the remaining hostages' lives at risk, and there's no guarantee it would eliminate Hamas, which still controls most of Gaza. It would also undo what Trump has portrayed as a major accomplishment and further delay any normalisation with Saudi Arabia.

An opening gambit? There's another possibility: That Trump's proposal is an opening gambit in a bargaining process aimed at eventually securing the kind of Middle East mega-deal he says he is seeking.

It was only last week that Trump was threatening major tariffs against Canada and Mexico, America's two biggest trading partners, before putting them on hold after their leaders took steps to appease his concerns about border security and drug trafficking.

During his first term, Trump flirted with the possibility of Israel annexing parts of the occupied West Bank before the idea was shelved as part of a normalisation agreement with the United Arab Emirates.

Trump could ultimately pare down his proposal or put it on hold in exchange for concessions from Arab leaders, perhaps on Gaza's reconstruction or on normalisation with Israel — though the Saudi statement appeared to rule that out.

There could be more clarity when the shock wears off, and when Trump meets with Jordan's King Abdullah II at the White House next week. (AP) GSP

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