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    Gross and Net GST revenue collections for the month of September, 2026
    Release of the Annual Survey of Industries (2024-25) results
    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”
    CCI approves the acquisition of certain equity share capital in IndiaFirst Life Insurance Co. Ltd. by BNP Paribas Cardif
    CCI approves acquisition of certain equity shareholding in Continuum Green Energy Ltd by Chubu Electric Power Company Netherlands B.V.
    CCI approves acquisition of majority of the shares and voting rights in Volkswagen subsidiary Everllence SE by funds managed and/or advised by Bain Ca...
    CCI approves acquisition of 100% shareholding of FMC India by Crystal Crop Protection Ltd
    Commerce and Industry Minister Shri Piyush Goyal Arrives in Milwaukee, U.S. to Attend G20 Trade Ministers’ Meeting
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    CBN Rajasthan Unit seizes nearly four tonnes of contrabands in intensified enforcement operations across Rajasthan
    Union Minister of Commerce and Industry Shri Piyush Goyal Highlights Uttar Pradesh’s Growing Global Trade and Investment Opportunities
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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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Trump's EPA targets environmental rules projected to save billions - and many thousands of lives

June 5, 2025

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Washington, Jun 5 (AP) When the head of the Environmental Protection Agency announced a wide-ranging rollback of environmental regulations, he said it would put a “dagger through the heart of climate-change religion” and introduce a “Golden Age” for the American economy.

What Lee Zeldin didn't mention: how ending the rules could have devastating consequences to human health.

The EPA-targeted rules could prevent an estimated 30,000 deaths and save USD 275 billion each year they are in effect, according to an Associated Press examination that included the agency's own prior assessments as well as a wide range of other research.

It's by no means guaranteed that the rules will be entirely eliminated; they can't be changed without going through a federal rulemaking process that can take years and requires public comment and scientific justification.

But experts say the numbers are conservative and that even a partial dismantling of the rules would mean more pollutants such as smog, mercury and lead — and especially more tiny airborne particles that can lodge in lungs and cause health problems.

It would also mean higher emissions of the greenhouse gases driving Earth's warming to deadlier levels.

“More people will die,” said Cory Zigler, a professor of biostatistics at Brown University who has studied air pollution deaths from coal-fired power plants. “More of this type of pollution that we know kills people will be in the air.” What went into AP's examination of the pollution rules The AP set out to look at what could happen if all the rules were eliminated, by first examining exhaustive assessments the EPA was required to produce before the rules were approved.

Though the agency's priorities can change as presidential administrations change, the methods for the assessments have been largely standard since Ronald Reagan's presidency and are deeply rooted in peer-reviewed scientific research.

The AP used those and eight different government and private group databases for its estimate of financial costs, some death estimates and analysis of pollution trends.

AP performed additional analysis of potential deaths by drawing on peer-reviewed formulas and scientific research on the impacts of increased heat and pollution. And AP vetted its work with multiple outside health experts, who said it is scientifically justified, but likely an undercount.

Multiple experts say the science behind the rules is strong, and they pointed to the rigorous process that must be followed to change them, including requirements for public comment.

Zeldin acknowledged as much last month.

“I'm not going to prejudge outcomes with what will be a lot of rulemaking,” Zeldin said in April.

Virtually all the benefits from the rules come from restricting the burning of coal, oil and natural gas. The fossil fuel industry was a heavy contributor to President Donald Trump's 2024 presidential campaign and Republicans overall.

In announcing the proposed changes, the EPA repeatedly cited the costs of the rules and omitted the benefits in all but one instance.

Calculating costs and benefits is contentious Asked for comment on the AP findings, an EPA spokesperson said the agency's plans would “roll back trillions in regulatory costs and hidden taxes' on US families.” “Unlike the Biden EPA attempts to regulate whole sectors of our economy out of existence, the Trump EPA understands that we do not have to choose between protecting our precious environment and growing our economy,” spokesperson Molly Vaseliou said.

Scott Segal, an attorney at Bracewell LLP who represents energy and manufacturing interests, suggested that EPA analyses under the Biden administration emphasised worst-case scenarios, inflated health benefit claims and missed the big-picture economic benefits of booming industry.

“If you only count lives saved by regulation, not lives harmed by regulation, the math will always favour more regulation,” Segal said. “This framing misses the larger point: public health isn't just about air quality -- it's also about job security, housing, access to medical care, and heating in the winter." The EPA regulatory analyses are immense documents that numerous health and environment researchers and former officials say are grounded in science, not politics.

For example, in January 2024, the EPA produced a 445-page analysis of tightening standards on dangerous particle pollution that cited more than 90 different scientific publications, along with scores of other documents. The Biden EPA presented four different regulatory scenarios and ultimately chose one of the middle options.

Two experts who reviewed AP's work said the EPA documents that underpinned the analysis were themselves conservative in their estimates. University of Washington health and environment professors Kristi Ebi and Howard Frumkin said that's because EPA looked at added heat deaths and air pollution mortality, but did not include climate change's expected deaths from increased infectious disease, flooding and other disaster factors.

“This is a rigorous, compelling and much-needed analysis,'' said Frumkin, who was appointed director of the CDC's National Center for Environmental Health during George W. Bush's administration. ”It makes clear that regulatory rollbacks by the Trump administration will have major, direct consequences for health and well-being. Because of these regulatory rollbacks and funding cuts, Americans will die needlessly." That's a sentiment echoed by two former Republican EPA administrators, William Reilly and Christine Todd Whitman, who served in the George Bush and George W. Bush administrations respectively.

“This administration is endangering all of our lives — ours, our children, our grandchildren,” said Whitman, who led EPA under George W. Bush.

How regulations helped clear the air A visit to Evansville, Indiana, helps show how EPA regulations have made a difference.

The city of about 115,000 lies where the state's southwest tip meets Kentucky at the curving Ohio River. Industry lines the banks and coal barges float past carrying loads destined to fuel power plants.

Kirt Ethridge, 30, grew up in Evansville and still lives there. As a child, he recalls looking down from high ground into the bowl-shaped valley where the heart of the city lies and seeing a haze of pollution atop it. He thought that was normal.

He didn't think much of the looming smokestacks of the coal-fired power plants and factories that ringed the city, nor the line of inhalers waiting on a bench before he and his classmates ran the mile. He suffered asthma attacks in class, sometimes more than once a week, that sent him to the nurse's office. Once, he was rushed to the hospital in an ambulance.

“It's a very scary feeling, particularly as a kid, to not be able to get enough air in your lungs,” he said, describing it as like “breathing through a straw.” In southwestern Indiana, coal-fired power plants were to blame for between 19,000 and nearly 23,000 deaths from 1999 to 2020, according to work by Zigler published in the journal Science that examined death rates among Medicare recipients and modeled where plants' pollution would spread.

Nationally, he and his team found a sharp decline in air pollution deaths from coal-fired power plants after the mid-2000s, from an average of 43,000 a year to just 1,600 a year in 2020, with a similar cut in particle pollution. That's when two different forces came into play: Cheaper and less polluting natural gas pushed aside dirtier and costlier coal, while at the same time stricter regulations required more pollution control devices such as scrubbers.

Duke Energy operates its biggest power plant near Evansville — Gibson Station, which can power about 2.5 million homes. Emissions have declined significantly as the company installed scrubbers that pull unwanted chemicals out of smokestacks, along with other pollution control technology. Duke Energy spokeswoman Angeline Protegere said the scrubbers were a response to “regulations over the years as well as market factors.” Put simply, the air got cleaner around places like Evansville. Vanderburgh County and neighboring counties violated national annual air standards for fine particles from 2005 to 2010, but no longer do, even as standards have tightened.

The same is true across the United States. The amount of tiny airborne particles in the last 10 years nationwide is one-third lower than 2000-2009, EPA statistics show. Smog pollution is down nearly 15 per cent and sulfur dioxide has plunged 80 per cent.

“The Clean Air Act, the EPA's founding legislation, has been a powerful engine for improving public health as our air has grown visibly clearer and cleaner,” said Gina McCarthy, who headed the EPA under President Barack Obama and served as Biden's White House climate adviser. “Millions of Americans have avoided illnesses, hospital visits, and premature deaths thanks to EPA's cleaner car and truck standards in concert with rules that limit industrial pollution.” Five rules saving more than USD 200 billion a year Five rules together were estimated to have more than $200 billion a year in net benefits, based on EPA documents that estimated reduced illnesses and deaths and the costs for companies to comply.

Three rules dealt with cars and trucks. The “clean car rule” is a tightening of EPA emission standards for vehicles that was supposed to take effect for 2027 model years and eventually have annual net benefits of more than USD 100 billion a year, according to the agency's 884-page regulatory analysis. The EPA estimated that over the next three decades this rule alone would prevent 7.9 billion tons of heat-trapping carbon dioxide, 8,700 tons of particulate matter and 36,000 tons of nitrogen oxides.

Two other proposed rules — one that deals with car models from 2023 to 2027 and another aimed at heavy trucks and buses — are estimated to save nearly $38 billion a year combined through reduced health problems from air pollution, according to EPA's own detailed calculations.

EPA plays up costs, plays down benefits of targeted rules Almost none of those benefits are to be found in 10 fact sheets the EPA produced in conjunction with Zeldin's announcement. Nine make no mention of benefits from the rules, while eight mention the costs.

In 17 of the 20 rules with explicit cost-benefit analyses, AP found that estimated benefits are larger than the costs — and sometimes far larger.

For example, Biden's proposed power plant rule was designed to save more than USD 24 billion a year, prevent about 3,700 annual premature deaths and 3 million asthma incidents from fossil fuel-powered plants, according to EPA documents last year and work by the Environmental Protection Network. Under Trump, the EPA's fact sheet on that rule notes nearly USD 1 billion in costs but nothing about the far higher estimated benefits.

Another rule the EPA updated last year sets standards for pollution permitted in the air, called National Ambient Air Quality Standards. The update, required by the Clean Air Act, cuts allowable soot particles by 25 per cent to reflect new science on the harms from such pollution. The EPA in Biden's time calculated the change would annually save as much as USD 46 billion, 4,500 premature deaths and 800,000 asthma incidents.

But the new EPA fact sheet only mentions the estimated costs of the change — about USD 614 million — and not benefits estimated at 76 times that amount.

“The human body count and human health toll of particulate matter alone is just absolutely massive,” said K. Sabeel Rahman, a Cornell law professor who was a top federal regulatory officer from 2021 to 2023. “Literally tens of thousands of people will lose their lives" if the standard is rolled back, he said.

A penguin-shaped nebulizer In southwest Indiana, many people have noticed a positive difference from the EPA regulations. And they're concerned about changes.

In Bloomfield, Jessica Blazier's 11-year-old son Julian has multiple health conditions that make him more sensitive to air quality, including nonallergic rhinitis, which inflames his nasal passage and makes breathing “feel like a knife sometimes," in his words. Jessica Blazier said the proposed EPA rule rollbacks are “almost adding insult to injury in our particular circumstance.” In Evansville, Ethridge is now raising kids of his own, including a 5-year-old daughter who was born early and doesn't tolerate respiratory illnesses well. Whenever Eliza gets sick, she uses a children's nebulizer that is shaped like a penguin and stored in an igloo-shaped case.

“I want to raise my kids in Evansville,” he said. “I don't want to raise my kids in a bowl of pollution.” (AP) GSP

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