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    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
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    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...
    Cabinet approves Commitment of Rs.10,000 Crore towards establishment of the SME Growth Fund for direct equity investments in Small and Medium Enterpri...
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    IICA observed 3rd IICA CSR Day on Gandhi Jayanti with a Special Address by the DG & CEO to Participants of the IICA Certified CSR Professional Program...
    Preserving Financial Stability in an Evolving World - Special Address by Shri Sanjay Malhotra, Governor, Reserve Bank of India, at the Fifth Kautilya ...
    Central Bureau of Narcotics (CBN) Rajasthan Unit observes National Anti-Drug Addiction Day with awareness programmes and cleanliness campaigns across ...
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October 8, 2026
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GST process reforms propose automated registration, reconciled returns, risk-based refunds, and standardized adjudication to reduce compliance burdens.
GST process reforms propose automated registration amendments and cancellations, simplified registration for qualifying e-commerce sellers, return reconciliation tools, and electronic mechanisms for reverse-charge reporting and input tax credit correction. Risk-based automated refund processing is proposed for electronic cash-ledger, zero-rated, and inverted-duty claims. Input tax credit refunds would extend to specified input services and capital goods, while several blocked-credit restrictions are proposed for removal. Dispute reforms include notice standards, a minimum threshold for show-cause notices, revised penalties, and capped pre-deposits in penalty-only appeals.
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.
October 6, 2026
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SME growth equity fund targets scalable enterprises, prioritising manufacturing and industrial clusters to strengthen investment, productivity and competitiveness.
Union Cabinet approval commits Rs.10,000 crore towards establishment of the SME Growth Fund as an Alternative Investment Fund framework for direct equity investment in small and medium enterprises. The initiative is intended to catalyse long-term, patient growth capital for SMEs and address the identified shortage of equity financing for enterprises beyond the early stage, where existing equity-support funds predominantly serve micro and early-stage businesses.
October 6, 2026
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Integrated transport planning framework establishes an SPV for national master planning, major-project appraisal, monitoring, and transport data analytics.
Integrated Transport & Logistics Authority will function as a special purpose vehicle for integrated transport and logistics planning, research, technical project appraisal, monitoring, policy support and data analytics. It will prepare a long-term National Transport Master Plan, assess sectoral and annual plans for alignment and multimodal integration, technically appraise and monitor specified major infrastructure projects, and undertake impact assessments. It will also maintain a unified transport data repository and support logistics-policy review, capacity building, training, skilling, research and innovation.
October 6, 2026
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Corporate social responsibility should shift from statutory compliance to needs-based, evidence-led collaboration with impact assessment and technology-enabled monitoring.
CSR is grounded in trusteeship and in companies' responsibilities to employees, communities and the environment, rather than shareholders alone. The framework includes the Unspent CSR Account, multi-year projects, certification of fund utilisation and impact assessment. CSR is intended to leverage corporate resources, technology and expertise, rather than merely supplement public expenditure. Needs-based project selection, community participation, need and social-impact assessment, implementing-agency capacity, resource pooling and technology-enabled monitoring are emphasised to move from compliance and spending towards evidence-based transformation.
October 5, 2026
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Financial stability requires targeted oversight and system-wide resilience against interconnected debt, leverage, cyber, technology, and cross-border shocks.
Financial stability is pursued by strengthening resilience rather than preventing every shock. The framework combines prudent regulation, risk-based supervision, stress testing, countercyclical macroprudential measures, targeted temporary liquidity assistance and resolution. Monetary policy remains directed to price stability, while financial-stability risks are addressed through regulatory, supervisory and macroprudential tools. System-wide resilience requires sound banks and NBFCs, reliable payment and technology infrastructure, robust data on interconnected exposures, scenario analysis, credible safety nets, and proactive proportionate oversight of cyber, model and third-party risks.
October 5, 2026
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Drug-abuse prevention awareness promotes informed refusal, resistance to peer pressure, community participation, drug-de-addiction pledges, and healthy drug-free lifestyles.
Drug-abuse prevention awareness in opium-cultivation areas focused on the harms of opium, cannabis and other illicit drugs, informed refusal at first exposure, resistance to peer pressure, and prevention of progression from use to dependence. Programmes for students, cultivators and residents used interactive sessions, campaign banners, community pledges, Gram Sabha participation and cleanliness drives to promote healthy drug-free lifestyles, community participation and collective action against addiction.

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From fighting disease to protecting Amazon rainforest, USAID has big impact across globe

February 6, 2025

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Washington, Feb 6 (AP) The Trump administration's decision to close the US Agency for International Development has drawn widespread criticism from congressional Democrats and raised questions about the influence billionaire ally Elon Musk wields over the federal government.

The United States is the world's largest source of foreign assistance by far, although several European countries allocate a much bigger share of their budgets.

While aid to Africa dwarfs the roughly $2 billion that Latin America receives annually, the Western Hemisphere has long been a spending priority of both Democratic and Republican administrations.

Here is a look at USAID's impact around the world: Protecting the Amazon rainforest and fighting cocaine in South America USAID has been critical in providing humanitarian assistance in Colombia, conservation efforts in the Brazilian Amazon and coca eradication in Peru. Recent USAID money has also supported emergency humanitarian aid to more than 2.8 million Venezuelans who fled economic crisis.

In 2024 alone, the agency transferred some USD 45 million to the UN World Food Programme, mostly to assist Venezuelans.

In Brazil, USAID's largest initiative is the Partnership for the Conservation of Amazon Biodiversity, which focuses on conservation and improving livelihoods for Indigenous peoples and other rainforest communities.

Over in Peru, part of USAID's USD 135 million funding in 2024 was dedicated to financing cocaine-production alternatives such as coffee and cacao. The humanitarian agency has been seeking to curb production of the drug since the early 1980s.

Disease response, girls' education and free school lunches in Africa Last year, the US gave the sub-Saharan region more than USD 6.5 billion in humanitarian assistance. But since Trump's announcement, HIV patients in Africa found locked doors at clinics funded by an acclaimed US programme that helped rein in the global AIDS epidemic.

Known as one of the world's most successful foreign aid program, the President's Emergency Plan for AIDS Relief, or PEPFAR, has been credited with saving more than 25 million lives, largely in Africa.

“The world is baffled,” said Aaron Motsoaledi, the health minister of South Africa, the country with the most people living with HIV, after the US freeze on aid.

Motsoaledi says the US funds nearly 20 per cent of the USD 2.3 billion needed each year to run South Africa's HIV/AIDS programme through PEPFAR, and now the biggest response to a single disease in history is under threat.

Meanwhile, without US aid, other groups can't give volunteers allowances for food and public transport as they do outreach to keep girls in school and out of early marriages.

In civil-war-torn Sudan, which is grappling with cholera, malaria and measles, the aid freeze means 600,000 people will be at risk of catching and spreading those diseases, said an official who spoke on condition of anonymity because they were not authorised to speak publicly on the matter.

Support for democracy and media in Myanmar The freeze of foreign assistance from USAID include USD 39 million for rights, democracy, and media in Myanmar, whose military seized power from the elected government of Aung San Suu Kyi in 2021, a human rights group said on Thursday.

The group Human Rights Myanmar said the frozen funds “are vital for organisations challenging military rule and promoting democracy, which advance US interests by upholding American values and countering China's authoritarian influence”.

Myanmar's military government is the most repressive in Southeast Asia, clamping down on free media, imprisoning thousands of nonviolent critics and political rivals and carrying out a brutal war against pro-democracy resistance forces, heedless of civilian casualties.

The freeze includes ”USD 8 million for seven projects defending human rights; USD 30 million for nine initiatives promoting democracy; and USD 1 million for two programs supporting independent media,” it said.

Human Rights Myanmar, whose members are rights workers forced to act covertly inside the Southeast Asian nation, said that the freeze also “suspended USD 22 million for humanitarian aid, USD 36 million for agriculture, USD 22 million for health and USD 30 million for education”.

The civil war in Myanmar has caused a severe humanitarian crisis, especially affecting more than 3 million displaced people, according to UN estimates.

A busy shelter left without a doctor in Mexico In the southern Mexican city of Villahermosa, the Peace Oasis of the Holy Spirit Amparito shelter is one of several beneficiaries of US humanitarian assistance to those fleeing persecution, crisis or violence.

However, under the funding freeze, the charitable organization that runs the shelter had to cut its only doctor as well as a social worker and child psychologist. The shelter has since appealed to the Mexican government for alternate funding for programmes managed by the United Nations to pay for flights and bus rides to Mexico's border with Guatemala for migrants who want to return home.

“The crisis is only going to worsen,” the shelter said in a statement. “The most affected will be the population we serve.” Wartime help in Ukraine US funding in Ukraine has helped to pay for fuel for evacuation vehicles, salaries for aid workers, legal and psychological support, and tickets to help evacuees reach safer locations.

That includes the cost of using a concert hall in eastern Ukraine as a temporary center for civilians fleeing the relentless Russian bombardment. That shelter is now in peril because 60 per cent of the costs — equivalent of USD 7,000 a month to run — were being covered by the US.

Ukrainian President Volodymyr Zelenskyy says his government expects USD 300 million to USD 400 million in aid to be cut. Most of that was for the energy sector that has been targeted by Russia. (AP) PY PY

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