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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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Why did Netanyahu end Gaza ceasefire?

March 18, 2025

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Jerusalem, Mar 18 (AP) The wave of Israeli strikes that killed hundreds of Palestinians across the Gaza Strip early Tuesday was the culmination of Prime Minister Benjamin Netanyahu's efforts to get out of the ceasefire with Hamas that he agreed to in January.

Since the start of the war, Netanyahu has faced duelling, possibly incompatible pressures: Families of the hostages want him to cut a deal with Hamas to free them, while his far-right coalition partners want to continue the war with the aim of annihilating the militant group.

On Tuesday, he appeared to cast his lot with the latter — and US President Donald Trump's administration has backed Netanyahu's decision to unilaterally walk away from the ceasefire it took credit for brokering.

Both Israel and the United States blame the renewed hostilities on Hamas' refusal to release more hostages before negotiations on ending the war proceed — which was not part of the ceasefire agreement. Israel has accused Hamas of preparing for new attacks, without providing evidence. The militant group has denied those allegations.

Hamas — which has yet to respond militarily to the Israeli strikes — has spent weeks calling for serious talks on the ceasefire agreement's second phase, which calls for the release of the remaining living hostages in exchange for more Palestinian prisoners, a full Israeli withdrawal from Gaza and a lasting ceasefire.

Those talks were supposed to begin in early February. Now they may never happen.

What did the ceasefire agreement say? The agreement reached in January, under pressure from the outgoing Biden administration and the incoming Trump one, called for a phased ceasefire aimed at freeing all the hostages abducted in Hamas' October 7, 2023, attack and ending the war it caused.

Under the first phase, which ran from January 19 to March 1, Hamas released 25 Israeli hostages and the bodies of eight others in return for nearly 1,800 Palestinian prisoners, including senior militants serving life sentences for deadly attacks.

Israeli forces pulled back to a buffer zone, hundreds of thousands of Palestinians returned to what remained of their homes, and there was a surge of humanitarian aid.

Each side accused the other of violations, and Israeli strikes killed dozens of Palestinians the military accused of engaging in militant activities or entering no-go zones. But the truce held.

Still, the second phase was always seen as far more difficult.

Through months of negotiations, Netanyahu had repeatedly cast doubt on it, insisting Israel was committed to returning all the hostages and destroying Hamas' military and governing capabilities — two war goals that many believe are irreconcilable.

In a TV interview last June, Netanyahu cast doubt on the possibility of a lasting ceasefire before Hamas is destroyed. "We are committed to continuing the war after a pause, in order to complete the goal of eliminating Hamas. I'm not willing to give up on that,” he said.

On January 18, the eve of the ceasefire, he said "we reserve the right to return to war if necessary with the backing of the United States.” Why did Netanyahu back out of the ceasefire? Agreeing to a permanent ceasefire would almost certainly plunge Netanyahu into a political crisis that could end his nearly uninterrupted 15-year rule.

Far-right Finance Minister Bezalel Smotrich had threatened to leave the coalition if Netanyahu progressed to Phase 2 instead of restarting the offensive. Opposition parties have promised to support him in any agreement that brings back hostages, but his coalition would still be severely weakened, making early elections likely.

By resuming the fighting, Netanyahu ensured Smotrich's continued support. After the strikes, the Israeli leader regained another far-right partner, Itamar Ben-Gvir, whose party had bolted in January over the ceasefire but returned to the coalition Tuesday.

Beyond the political jockeying, Netanyahu's stated goal of annihilating Hamas would have almost certainly eluded him had he stuck with the ceasefire agreement.

Hamas survived 15 months of Israeli bombardment and ground operations that killed over 48,000 Palestinians, according to local health officials, and destroyed much of Gaza. When the truce took hold, the militant group immediately reasserted its rule.

There's no agreement on who should govern Gaza after the war, and even if the Western-backed Palestinian Authority were granted nominal control, Hamas would have strong influence on the ground and could rebuild its military capabilities.

For many Israelis, especially Netanyahu's hawkish base and far-right allies, that would look like defeat. It would add to the criticism he already faces over security failures surrounding the October 7 attack, in which Hamas-led militants killed some 1,200 people, mostly civilians, and abducted 251.

How did Netanyahu end the truce? After the first phase ended, Netanyahu said Israel had agreed to what he described as a new US proposal in which Hamas would release half the remaining hostages in return for a seven-week extension of the truce and a vague promise to launch negotiations over a lasting ceasefire.

Hamas refused, pointing out that the new proposal was different from the one they had agreed to in January and again called for the immediate launch of talks on Phase 2.

It even offered to return an America-Israeli and the bodies of four other hostages to get the talks back on track, an offer dismissed as “psychological warfare” by Israel. Trump's Mideast envoy, Steve Witkoff, said Hamas was claiming flexibility in public while making “entirely impractical” demands.

In an attempt to impose the new arrangement on Hamas, Israel halted the import of all food, fuel and other humanitarian aid to Gaza. It later cut off electricity, affecting a vital desalination plant. Israel also said it would not withdraw from a strategic corridor on Gaza's border with Egypt, as stipulated in the agreement.

In recent days, Israel stepped up strikes across Gaza, targeting people it said were planting explosives or engaging in other militant activities. On Tuesday, at around 2 am, it launched one of the deadliest waves of strikes since the start of the war.

What has Trump said about the ceasefire? Trump took credit for brokering the ceasefire in January, but since then has appeared to sour on it. He has warned that “all hell” will break loose if Hamas does not immediately release the hostages, while saying that's a decision for Israel to make.

Trump has also proposed that Gaza's roughly 2 million Palestinians be permanently relocated so the US can take ownership of Gaza and develop it as a tourist destination. Netanyahu has embraced the plan, which has been universally condemned by Palestinians, Arab countries and human rights experts, who say it would violate international law.

The White House said it was consulted ahead of Tuesday's strikes and supported Israel's decision. (AP) GRS GRS

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