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    Gross and Net GST revenue collections for the month of September, 2026
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    5th Kautilya Economic Conclave to be held in New Delhi from 3 to 5 October 2026 under the theme “Resilience in an Age of Flux”
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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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In first 100 days, Trump struggles to make good on promises to quickly end Ukraine, Gaza wars

April 28, 2025

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Washington, Apr 28 (AP) Ahead of his second go-around in the White House, President Donald Trump spoke with certainty about ending Russia's war in Ukraine in the first 24 hours of his new administration and finding lasting peace from the devastating 18-month conflict in Gaza.

But as the Republican president nears the 100th day of his second term, he's struggling to make good on two of his biggest foreign policy campaign promises and is not taking well to suggestions that he's falling short.

And after criticising President Joe Biden during last year's campaign for preventing Israel from carrying out strikes on Iranian nuclear sites, Trump now finds himself giving diplomacy a chance as he tries to curb Tehran's rapidly advancing nuclear programme.

“The war has been raging for three years. I just got here, and you say, 'What's taken so long?'” Trump bristled, when asked about the Ukraine war in a Time magazine interview about his first 100 days. As for the Gaza conflict, he insisted the October 7 attack by Hamas in 2023 that triggered the war "would have never happened. Ever. You then say, What's taking so long?'" Measuring a US president by his first 100 days in office is an arbitrary, albeit time-honoured, tradition in Washington. And brokering peace deals between intractable warring parties is typically the work of years, not weeks.

But no other president has promised to do as much out of the gate as Trump, who is pursuing a seismic makeover of America's approach to friends and foes during his second turn in the White House.

Trump has moved at dizzying speed to shift the rules-based world order that has formed the basis for global stability and security in the aftermath of World War II.

All sides have scrambled to acclimate as Trump launched a global tariff war and slashed US foreign aid all while talking up the ideas of taking Greenland from NATO ally Denmark and making Canada the 51st state.

But Trump's inability to broker deals in Ukraine and Gaza — at least to date — might be the most demonstrable evidence that his effort to quickly shake up US foreign policy through sheer will could have its limits.

And Trump hasn't obscured his frustration, particularly over the Ukraine war, which he's long dismissed as a waste of US taxpayer money and of lives lost in the conflict.

The president and his team have gone hot and cold about prospects for peace in Ukraine since Trump's Oval Office blowup with Ukrainian President Volodymyr Zelenskyy in February.

In that encounter, both Trump and Vice President JD Vance lectured the Ukrainian leader for being insufficiently grateful for US assistance in the fight to repel Russia's invading forces before asking him to leave the White House grounds.

Secretary of State Marco Rubio has warned that the White House is ready to walk away if Ukraine and Russia don't make substantial progress toward a peace deal soon.

And Trump on back-to-back days this past week lambasted Zelenskyy for “prolonging” the "killing field" and then Russian President Vladimir Putin for complicating negotiations with “very bad timing” in launching brutal strikes that pummelled Kyiv.

But by Friday, Trump was expressing optimism again after his special envoy Steve Witkoff met in Moscow with Putin. Following the talks, Trump declared that the two sides were “very close to a deal." Less than 24 hours later, Trump was once again downcast after he met with Zelenskyy on the sidelines of Pope Francis's funeral, expressing doubt in a social media post that Putin was serious about forging a deal.

“It makes me think that maybe he doesn't want to stop the war, he's just tapping me along," Trump said of Putin and Russia's ongoing bombardment of Ukraine.

Trump again expressed frustration with Putin in an exchange with reporters on Sunday evening. “I want him to stop shooting, sit down and sign a deal," Trump said. "We have the confines of a deal, I believe. And I want him to sign it and be done with it.” White House National Security Council spokesman James Hewitt said Trump remains committed to getting a deal done and is "closer to that objective than at any point during Joe Biden's presidency.” “Within 100 days, President Trump has gotten both Ukraine and Russia to the negotiating table with the aim to bring this horrific war to a peaceful resolution," Hewitt said. "It is no longer a question of if this war will end but when." Peace in Gaza remains elusive Trump started his second term with some momentum on ending the Israel-Hamas war in Gaza.

His envoy Witkoff, a fellow New York real estate maverick turned high-stakes diplomat, teamed up with the outgoing Biden Middle East adviser Brett McGurk to get Israeli and Hamas officials to agree to a temporary ceasefire deal that went into effect one day before Trump's inauguration.

On the eve of his return to office, Trump took full credit for what he called an “epic” agreement that would lead to a “lasting peace” in the Middle East.

The temporary ceasefire led to the freeing of 33 hostages held in Gaza and the release of roughly 2,000 Palestinian prisoners held by Israel.

But the truce collapsed in March, and fighting resumed, with the two sides unable to come to an agreement for the return of 59 remaining hostages, more that half of whom Israeli officials believe are dead.

Conditions in Gaza remain bleak. Israel has cut off all aid to the territory and its more than 2 million people. Israel has disputed that there is a shortage of aid in Gaza and says it's entitled to block the assistance because, it claims, Hamas seizes the goods for its own use.

Trump, as he flew to Rome on Friday for the pope's funeral, told reporters that he's pressing Israeli Prime Minister Benjamin Netanyahu “very hard” to get food and medicine into Gaza but dismissed questions about how the Israeli leader is responding to his appeal.

“Well, he knows all about it, OK?” Trump told reporters.

Hewitt, the National Security Council spokesman, pushed back on the notion that Trump has fallen short on his effort to find an endgame to the Gaza conflict, setting the blame squarely on Hamas.

“While we continue to work to secure the release of all remaining hostages, Hamas has chosen violence over peace, and President Trump has ensured that Hamas continues to face the gates of hell until it releases the hostages and disarms,” Hewitt said.

Trump's team says the president has racked up more foreign policy wins than any other US president this early in a term.

Trump hopeful for Iran nuclear deal breakthrough The White House this month also launched direct talks with Iran over its nuclear programme, a renewed push to solve another of the most delicate foreign policy issues facing the White House and the Middle East.

Trump says his administration is making progress in its effort to secure a deal with Iran to scupper Tehran's rapidly advancing nuclear programme.

Witkoff flew directly from meeting with Putin in Moscow to Muscat, Oman, to take part in talks on Saturday, the third engagement between US and Iranian officials this month.

The US and other world powers in 2015 reached a long-term, comprehensive nuclear agreement that limited Tehran's enrichment of uranium in exchange for the lifting of economic sanctions. But Trump unilaterally withdrew the US from the nuclear agreement in 2018, calling it the “worst deal ever.” Since Trump pulled out of the Obama-era deal, Iran has accelerated its production of near weapons-grade uranium.

The president said on Friday that he's open to meeting with Iranian Supreme Leader Ali Khamenei or President Masoud Pezeshkian, while also indicating military action — something that US ally Israel has advocated — remains an option.

As Trump increasingly expresses his preference for diplomacy rather than military action, Iran hawks at home are urging him to tread carefully in his hunt for a legacy-defining deal.

“The Iranians would have the talking point that they forced the same person who left the deal many years later, after them resisting maximum pressure, into an equal or worse deal,” said Behnam Ben Taleblu, senior director of the Iran programme at the Foundation for Defense of Democracies.

But Trump wants a solution, and fast.

“I think a deal is going to be made there,” Trump said Sunday "That's going to happen pretty soon.” (AP) GRS GRS

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