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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.
September 25, 2026
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Interest-free working capital assistance for FCV tobacco growers supports liquidity, institutional loan repayment, crop inputs, and reduced private borrowing.
A one-time, interest-free working-capital loan of Rs. 50,000 per barn is approved for FCV tobacco growers in Andhra Pradesh under the Interest-Free Working Capital Assistance Scheme. Covering about 44,000 growers, the assistance is proposed to be delivered through direct benefit transfer. It is intended to provide liquidity for household requirements, institutional loan repayment and crop inputs, while reducing dependence on private borrowing.
September 25, 2026
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Government securities auction calendar establishes retail bidding access, flexible issuance terms, greenshoe subscriptions, and periodic debt switch operations.
Each auction carries a non-competitive bidding facility, under which five per cent of the notified amount is reserved for specified retail investors. The Government may modify indicated amounts, issuance periods and maturities, and may issue instruments with non-standard maturities, floating-rate bonds or inflation-indexed bonds, having regard to governmental requirements, market conditions and other relevant factors. It may retain additional subscriptions through a greenshoe option and conduct switch or buyback auctions of dated securities.
September 25, 2026
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Market borrowing plan sets dated securities auctions, Treasury Bill issuance, redemption management, and temporary cash-flow support.
Government market borrowing for the second half of FY 2026-27 is to be raised through weekly auctions of dated securities, including Sovereign Green Bonds, across maturities from 3 to 50 years. Debt-management measures include switching and buyback operations to smooth the redemption profile and a greenshoe option for additional subscriptions. Treasury Bills are to be issued through weekly auctions in 91-day, 182-day and 364-day maturities. The Ways and Means Advances limit is fixed to address temporary mismatches in government accounts.

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Indian ‘chai’ at special event hosted by India at UN to mark International Tea Day

May 22, 2025

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United Nations, May 22 (PTI) The aromas and flavors of popular Indian teas permeated the halls of the United Nations headquarters as India hosted a special event to commemorate International Tea Day to highlight the beverage’s contribution in empowering communities and fostering inclusive economic growth.

The Permanent Mission of India to the UN hosted the high-level event Wednesday on the theme ‘Tea for Livelihoods, Tea for SDGs’ to mark the International Tea Day, a celebration of the world’s most consumed drink, after water.

The event concluded with a special curated tea tasting experience where guests enjoyed a variety of Indian teas, including the famous Darjeeling tea, Masala chai, Assam and Nilgiri teas.

India’s Permanent Representative to the UN Ambassador Parvathaneni Harish, Director of the FAO UN Liaison Office in New York Angelica Jacome, and representatives of Kenya, Sri Lanka and China, the other major tea producing countries, spoke on the occasion and highlighted the challenges faced by the tea growers, especially the small tea farmers.

“The story of tea in India is not merely one of trade and taste but also one of transformation. What began in the early 19th century from the misty hills of Assam to the slopes of Darjeeling and Nilgiris, India's tea industry has grown to become a cornerstone of rural employment, women's empowerment and export-led development,” Harish said at the houseful event attended by UN envoys, senior UN personnel and community members.

The UN General Assembly had in 2019 proclaimed May 21 as International Tea Day following a proposal moved by India at the Food and Agriculture Organisation’s (FAO) Intergovernmental Group (IGG) on Tea in October 2015.

The UNGA resolution recognised the long history and the cultural and economic significance of tea around the world, as well as the significant role it plays in rural development, poverty reduction and food security in developing countries.

India is one of the largest producers and consumers of tea globally and the sector directly employs over 1.5 million workers, the majority of whom are women. It supports over 10 million livelihoods, including small landholder farmers and those engaged in allied industries.

“For many of these communities, tea is not merely a crop. It's a way of life, a source of dignity, opportunity and hope,” Harish said.

He also pointed out the complex challenges faced by the tea industry. “Climate change is disrupting growing conditions and then, there are rising input costs,” Harish said, adding that market volatility and structural inequities threaten the economic viability of small producers who are responsible for over 60 per cent of global tea production.

“There's also an urgent need to improve working conditions and secure equitable returns, both for labourers and growers. Addressing these challenges requires not only policy action, but innovation and ability to think out of the box,” he said.

Harish told the audience that the 1911-founded Tocklai Tea Research Institute in India has introduced the Tocklai good agricultural practices, good manufacturing practices standard in 2022, the first ever sustainability certification crafted and adopted in India to usher in a climate resilient tea industry.

“It integrates good economic, agricultural practices and manufacturing practices and aligns the process with UN sustainable development goals (SDGs) for transformational change in the Indian tea industry,” he said.

Harish added that in India, technology – from AI-driven climate forecasting to drone-based crop management to blockchain -- is also being harnessed increasingly to modernise the tea sector and the entire value chain.

FAO's Jacome noted that despite tea's vital role in socioeconomic development, there are pressing challenges that must be addressed. These include climate change, limited market access and poor access to credit and technology, she said.

“Smallholder farmers are the backbone of the industry, and they're particularly vulnerable. Urgent actions are needed to strengthen their business models while also taking into account environmental and social factors,” she said.

Vietnam’s Permanent Representative to the UN Ambassador Hoang Giang Dang said that in order to truly harness tea’s potential for sustainable development, “we must invest in smallholder resilience, promote inclusive business models, create favorable conditions for labour and ensure environmental sustainability across value chains.” Vithanage Chatura Jeevake Perera, Charge d'Affaires of Sri Lanka, said it is imperative to acknowledge women's contribution in Sri Lanka's tea industry as it “could be identified as one of Sri Lanka's prominent production segments, with a higher percentage of women being employed.” It is estimated that in the four major tea producing countries - India, China, Kenya and Sri Lanka - around 9 million tea farmers are smallholders.

Kenya’s Permanent Representative to the UN Ambassador Erastus Ekitela Lokaale said as climate change increasingly disrupts traditional agricultural systems, the resilience of Kenya’s tea sector is also being tested.

“In response, the Kenyan tea sector is progressively integrating climate-smart farming, enhanced agroforestry and community-based land use models. These innovations are vital to ensuring sustainability whilst safeguarding our natural resources.” He added that at the global level, Kenya “welcomes ongoing efforts to promote fair trade, equitable pricing and mutual learning among tea producing countries, and this is clearly happening here today,” referring to the event hosted by India.

Counsellor in the Permanent Mission of China to the UN Liu Liquin said tea can be a bond between different cultures and civilisations. “We believe that tea and, together with it, the cultural exchanges, could be very good catalyst for people to people exchanges and the peaceful coexistence among different states.” He said China is dedicated to working with other fellow member states to make full use of the tea industry and relevant opportunities to “boost this kind of mutual understanding”, to strengthen international partnership and accelerate implementation of SDGs.

Later in the day, China also hosted an event at the UN HQ to commemorate the day. PTI YAS NPK NPK

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