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    15th Meeting of ASEAN-India Trade in Goods Agreement (AITIGA) Joint Committee held during 6-9 October 2026
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    CCI approves proposed acquisition of 100% shareholding of Vishavari Tollway Ltd and nine SPVs operating road assets in India by Concessoc 41 SAS
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October 9, 2026
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AITIGA review negotiations face time-bound subcommittee deliverables to resolve policy issues and modernise trade arrangements.
The AITIGA Joint Committee directed its sub-committees to accelerate pending review chapters through firm, time-bound deliverables and close coordination. Work covers legal and institutional issues, national treatment and market access, and rules of origin. ASEAN and India reaffirmed their commitment to resolve outstanding policy issues, deepen economic integration, and modernise the Agreement into a balanced and mutually beneficial framework strengthening bilateral trade.
October 9, 2026
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International investment law requires balance between investment protection and States' regulatory authority amid sustainability and digital trade challenges.
International trade and investment law are increasingly shaped by sustainability-linked trade measures and digital trade and require rigorous legal analysis. CTIL supports trade capacity through legal analysis for free trade agreement negotiations, WTO processes, dispute settlement and institutional knowledge-building. International investment law increasingly recognises States' regulatory authority alongside investment protection, with institutionalisation, legitimacy and the balance between investment and public power identified as central concerns. Research and capacity-building also address climate, sustainability, supply chains, artificial intelligence and other emerging trade-policy areas.
October 9, 2026
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Expenditure-side GSDP compilation framework standardises regional estimates through common methods, local data sources, and allocation indicators.
Draft guidelines establish a uniform framework for compiling expenditure-side Gross State Domestic Product estimates using base year 2022-23. They cover data sources, estimation procedures and methodologies for private and government consumption, gross fixed capital formation, inventory changes, valuables and net exports. State-specific data and allocation indicators are preferred, while recommended allocation methods support consistent estimates where direct subnational data are unavailable. The approach is intended to harmonise estimation practices and strengthen subnational national accounts capacity.
October 9, 2026
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Freehold land monetisation proceeds through a two-stage electronic sale requiring technical bids and an Earnest Money Deposit.
Monetisation of a 5.119-acre freehold industrial land parcel owned by HIL (India) Limited at Najafgarh Industrial Area, New Delhi, is facilitated through an E-Tender followed by E-Auction. Eligible bidders must complete registration, submit technical bids, and furnish the required Earnest Money Deposit or Bank Guarantee by the stipulated deadline. Sale is subject to "as is where is", "as is what is", "whatever there is" and no-recourse or no-complaint conditions. The exact land extent is to be determined through a joint survey with the successful bidder.
October 9, 2026
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India-Singapore investment cooperation advances through investor engagement, financial connectivity, capital-market participation, and support for identified investment opportunities.
India-Singapore investment cooperation is to be strengthened through engagements with political leadership, business representatives and global institutional investors. Discussions cover trade and investment, digital financial connectivity, capital markets, taxation, advanced manufacturing, skilling and aviation. The National Investment and Infrastructure Fund and GIFT City are identified as channels for Singaporean capital participation through investment vehicles and funds. The Ministry of Finance will facilitate connections between investors, Indian companies, financial institutions and State Governments for identified investment opportunities.
October 8, 2026
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GST process reforms propose automated registration, refunds and return corrections while easing enforcement, credit access and trade compliance.
GST process reforms propose automated registration, registration amendments and cancellation, return reconciliation, input tax credit correction, and phased system-based refund processing. Standardised demand notices and adjudication safeguards are proposed alongside lower penalties, capped penalty-only appeal pre-deposits, withdrawal of arrest powers and narrowed prosecution provisions. Input tax credit reforms would expand refunds and remove specified blocked-credit restrictions, while export measures would broaden zero-rated and export-of-services eligibility. Goods interception would be intelligence-based and authorised, with further compliance relief for small taxpayers and targeted classification, exemption and reverse-charge measures.
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.

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Customs & Trade

Israel promised ‘basic amount’ of food into Gaza − but its policies have already created catastrophic starvation risk for millions

May 22, 2025

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Orlando (US), May 22 (The Conversation) After 18 months of punishing airstrikes, raids and an increasingly restrictive siege in Gaza, the United Nations on May 20, 2025, issued one of its most urgent warnings yet about the ongoing humanitarian crisis: an estimated 14,000 babies were at risk of death without an immediate influx of substantial aid, especially food.

The assessment came a day after Israel allowed the first trickle of aid back into Gaza following its nearly three-month total blockade imposed on March 2.

But on the first day of that resumption, the UN Office for the Coordination of Humanitarian Affairs reported that only nine trucks were allowed into Gaza, when around 500 are required every day. The UN called it “a drop in the ocean of what is urgently needed”.

As an expert in Palestinian public health, I and others have long warned about the potentially devastating humanitarian consequences of Israel’s military response to the Hamas attacks of October 7, 2023, given the preexisting fragility of the Gaza Strip and Israel’s history of controlling humanitarian aid into the territory.

Many of those worst-case humanitarian predictions have now become reality.

Israel’s control of food and aid into Gaza has been a consistent theme throughout the past 18 months. Indeed, just two weeks after Israel’s massive military campaign in the Gaza Strip began in late 2023, Oxfam International reported that only around 2 per cent of the usual amount of food was being delivered to residents in the territory and warned against “using starvation as a weapon of war”.

Yet aid delivery continues to be inconsistent and well below what was necessary for the population, culminating in a dire warning by UN experts in early May that “the annihilation of the Palestinian population in Gaza” was possible without an immediate end to the violence.

Putting Palestinians ‘on a diet’ Already, an estimated near 53,000 Palestinians have died and some 120,000 have been injured in the conflict. Starvation could claim many more.

Amid the broader destruction to lives and infrastructure, there is now barely a food system to speak of in Gaza.

Since October 2023, Israeli bombs have destroyed homes, bakeries, food production factories and grocery stores, making it harder for people in Gaza to offset the impact of the reduced imports of food.

But as much as things have worsened in the past 18 months, food insecurity in Gaza and the mechanisms that enable it did not start with Israel’s response to the October 7 attack by Hamas.

A UN report from 2022 found that 65 per cent of people in Gaza were food insecure, defined as lacking regular access to enough safe and nutritious food.

Multiple factors contributed to this preexisting food insecurity, not least the blockade of Gaza imposed by Israel and enabled by Egypt since 2007. All items entering the Gaza Strip, including food, became subject to Israeli inspection, delay or denial.

Basic foodstuff was allowed, but because of delays at the border, it could spoil before it entered Gaza.

A 2009 investigation by Israeli newspaper Ha'aretz found that foods as varied as cherries, kiwi, almonds, pomegranates and chocolate were prohibited entirely.

At certain points, the blockade, which Israel claimed was an unavoidable security measure, has been loosened to allow import of more foods. In 2010, for example, Israel started to permit potato chips, fruit juices, Coca-Cola and cookies.

By placing restrictions on food imports, Israel has claimed to be trying to put pressure on Hamas by making life difficult for the people in Gaza.

“The idea is to put the Palestinians on a diet, but not to make them die of hunger,” said one Israeli government adviser in 2006.

To enable this, the Israeli government commissioned a 2008 study to work out exactly how many calories Palestinians would need to avoid malnutrition. The report was released to the public only following a 2012 legal battle.

Echoes of this sentiment can be seen in the Israeli decision in May 2025 to allow only “the basic amount of food” to reach Gaza to purportedly ensure “no starvation crisis develops”.

The long-running blockade also increased food insecurity by preventing meaningful development of an economy in Gaza.

The UN cites the “excessive production and transaction costs and barriers to trade with the rest of the world” imposed by Israel as the primary cause of severe underdevelopment in the occupied territories, including Gaza.

As a result, in late 2022 the unemployment rate in Gaza stood at around 50 per cent.

This, coupled with a steady increase in the cost of food, made affording food difficult for many Gazan households, rendering them dependent on aid, which fluctuates frequently.

Hampering self-sufficency More generally, the blockade and the multiple rounds of destruction of parts of the Gaza Strip have made food sovereignty in the territory nearly impossible.

Even prior to the latest war, Gaza’s fishermen were regularly shot at by Israeli gunboats if they ventured farther in the Mediterranean Sea than Israel permits. Because the fish closer to the shore are smaller and less plentiful, the average income of a fisherman in Gaza has more than halved since 2017.

Much of Gaza’s farmland has been rendered inaccessible to Palestinians as a result of post-October 2023 actions by Israel.

And the infrastructure needed for adequate food production – greenhouses, arable lands, orchards, livestock and food production facilities – has been destroyed or heavily damaged.

International donors hesitate to rebuild facilities, knowing they cannot guarantee their investment will last more than a few years before being bombed again.

The latest ongoing siege has only further crippled the ability of Gaza to be food self-sufficient. By May 2025, nearly 75 per cent of croplands had been destroyed, along with significant amounts of livestock. Less than one-third of agricultural wells used for irrigation remain functional.

Starvation as weapon of war The use of starvation as a weapon is strictly forbidden under the Geneva Conventions, a set of statutes that govern the laws of warfare. Starvation has been condemned by UN Resolution 2417, which decried the use of deprivation of food and basic needs of the civilian population and compelled parties in conflict to ensure full humanitarian access.

Human Rights Watch has already accused Israel of using starvation as a weapon of war, and Amnesty International called the most recent siege evidence of genocidal intent.

The Israeli government in turn continues to blame Hamas for any loss of life in Gaza and has increasingly made clear its aim for Palestinians to leave Gaza entirely.

Israeli Prime Minister Benjamin Netanyahu has said publicly that Israel was permitting aid now only because allies were pressuring him over “images of mass famine”.

This stance suggests that Israel will not soon increase aid beyond what his government deems politically acceptable.

While there is more evidence than ever before that Israel is using food as a weapon of war, there is also, I believe, ample evidence that this was the reality long before October 7, 2023.

In the meantime, the implications for Palestinians in Gaza have never been more dire.

Already, the World Health Organisation estimates that 57 children have died from malnutrition just since the beginning of the March 2, 2025, blockade.

More death is certain to follow. On May 12, the Integrated Food Security Phase Classification, a global system created to track food insecurity, released an alarming report on projections of food insecurity in Gaza.

It warned that by September 2025, half a million people in Gaza – 1 in 5 of the population – will be facing starvation and that the entire population will experience acute food insecurity at crisis level, or worse. (The Conversation) PY PY

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