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    Union Minister of Commerce and Industry Shri Piyush Goyal to Visit the United States to Participate in G20 Trade Ministers’ Meeting
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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
Show AI Summary
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.
September 25, 2026
Show AI Summary
GI-tagged agricultural exports expand farmer access to international markets through FPO-led value chains and higher price realisation.
APEDA facilitated the export of a one-metric-tonne consignment of GI-tagged Gulbarga Tur Dal from Karnataka to the Maldives through an FPO-led brand. Gulbarga Tur Dal has held GI registration since 2019. The export-linked channel provides farmers a realisation of Rs.82 per kg compared with a prevailing market price of Rs.60 per kg, while supporting closer integration of FPOs and farmers into export-oriented supply chains.
September 25, 2026
Show AI Summary
Trader welfare policy discussions covered GST reform, digital commerce, finance access, export promotion, and coordinated institutional support.
Deliberations covered GST rationalisation, refund delays, audit duration, amnesty schemes, input tax credit anomalies and pending appeals, alongside proposed inclusion of traders in MSME facilitation committees, a centralised loan portal with a 30-day timeline, CIBIL score reforms and grievance helplines. Trader welfare measures considered timely contractor payments, safeguards against technical penalties, loan-repayment flexibility during lean periods and stronger Centre-State coordination.
September 25, 2026
Show AI Summary
Gold smuggling through powdered gold concealed in food products led to seizure and arrests under customs law.
Intelligence-led interception and baggage examination identified foreign-origin gold converted into fine powder and mixed with packaged food products of similar colour, texture and consistency. Segregation and assaying yielded 9.40 kg foreign-origin gold, which was seized under the Customs Act, 1962. Questioning linked the passengers to the same organised gold-smuggling syndicate, and they were arrested under that Act.
September 25, 2026
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Customs seizure of suspected smuggled areca nuts and restricted poppy seeds followed intelligence-led cross-border enforcement operations.
Intelligence-led customs enforcement in Mizoram and Assam resulted in seizure, under the Customs Act, 1962, of suspected foreign-origin areca nuts and poppy seeds believed on preliminary inquiry to have been smuggled from Myanmar. Searches of locked, unattended godowns near the Indo-Myanmar border recovered the commodities, while interception of two trucks carrying poppy seeds without valid import documents led to seizure of the consignments and vehicles. Four persons connected with transportation of the poppy seeds were arrested.
September 25, 2026
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Industrial control system cybersecurity certification validates system-level protection across wind farm controls, networks, and lifecycle security services.
IEC 62443-3-3 Security Level 2 certification applies to a wind farm control system covering SCADA, PPC, PLC and industrial network devices. It assesses system-level security requirements, including the interaction of components, networks and security mechanisms within an overall industrial control environment. The cybersecurity framework also spans secure development, certified core control components, system-level protection, and security integration and maintenance services across the lifecycle of wind energy technologies.
September 25, 2026
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Foreign exchange reserve composition reflects a weekly decline driven by foreign currency assets despite a modest gold increase.
India's foreign exchange reserves declined by USD 14.881 billion to USD 765.901 billion for the week ended 18 September 2026. The contraction was principally driven by a reduction in foreign currency assets, which also reflect valuation effects from movements in non-US reserve currencies. Gold reserves increased, while Special Drawing Rights decreased and the reserve position with the International Monetary Fund remained reported separately.

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Russia's strong ties with both Israel, Iran could help it emerge as power broker

June 15, 2025

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Moscow, Jun 15 (AP) Russia has maintained a delicate balancing act in the Middle East for decades, trying to navigate its warm relations with Israel even as it has developed strong economic and military ties with Iran.

Israel's military strikes this weekend on Iranian nuclear and military facilities, killing top generals and scientists, and Tehran's response with drones and missiles, put Moscow in an awkward position, requiring fine diplomatic skills to preserve ties with both parties. But it also could open opportunities for Russia to possibly become a power broker to help end the confrontation.

Some observers in Moscow also argue that the focus on the confrontation between Israel and Iran could distract global attention from the war in Ukraine and play into Russia's hands by potentially weakening Western support for Kyiv.

A Russian condemnation but little else Russian President Vladimir Putin spoke to both Israel Prime Minister Benjamin Netanyahu and Iranian President Masoud Pezeshkian, offering to help de-escalate the conflict.

In his call with Pezeshkian, Putin condemned the Israeli strikes and offered his condolences. He noted that Russia has put forward specific initiatives aimed at resolving the situation around the Iranian nuclear programme.

Russia's Foreign Ministry issued a strongly worded statement condemning the Israeli strikes as “categorically unacceptable” and warning that "all the consequences of this provocation will fall on the Israeli leadership.” It urged both parties “to exercise restraint in order to prevent further escalation of tensions and keep the region from sliding into a full-scale war.” But despite the harshly worded condemnation of Israel's actions, Moscow hasn't issued any signal that it could offer anything beyond political support to Tehran despite a partnership treaty between the countries.

In his call with Netanyahu, Putin “emphasized the importance of returning to the negotiation process and resolving all issues related to the Iranian nuclear programme exclusively through political and diplomatic means," and he offered his mediation “in order to prevent further escalation of tensions,” the Kremlin said in a readout.

“It was agreed that the Russian side will continue close contacts with the leadership of both Iran and Israel, aimed at resolving the current situation, which is fraught with the most disastrous consequences for the entire region,” it added.

Putin and US President Donald Trump discussed the escalating situation in the Middle East by phone Saturday. Putin's foreign affairs adviser Yuri Ushakov said the Kremlin leader emphasized Russia's readiness to carry out mediation efforts, and noted it had proposed steps “aimed at finding mutually acceptable agreements” during US-Iran negotiations on the Iranian nuclear programme.

Moscow-Tehran ties: From tense to strategic partners Relations between Moscow and Tehran often were tense in the Cold War, when Shah Mohammad Reza Pahlavi was a US ally. After the 1979 Islamic Revolution, leader Ayatollah Ruhollah Khomeini branded the U.S. as the “Great Satan,” but also assailed the Soviet Union as the “Lesser Satan.” Russia-Iran ties warmed quickly after the USSR's demise in 1991, when Moscow became an important trade partner and a top supplier of weapons and technology to Iran as it faced international sanctions. Russia built Iran's first nuclear power plant in the port of Bushehr that became operational in 2013.

Russia was part of the 2015 deal between Iran and six nuclear powers, offering sanctions relief for Tehran in exchange for curbing its atomic programme and opening it to broader international scrutiny. It offered political support when the US unilaterally withdrew from the agreement during Trump's first term.

After a civil war in Syria erupted in 2011, Russia and Iran pooled efforts to shore up Bashar Assad's government. They helped Assad reclaim most of the country but failed to prevent a swift collapse of his rule in December 2024 after a lightning opposition offensive.

When Moscow launched its full-scale invasion of Ukraine in 2022, the West alleged that Tehran signed a deal with the Kremlin to deliver Shahed drones and later launch their production in Russia.

In January, Putin and Pezeshkian signed the “comprehensive strategic partnership” treaty that envisions close political, economic and military ties.

Russia-Israel ties stay strong despite tensions During the Cold War, Moscow armed and trained Israel's Arab foes. Diplomatic relations with Israel ruptured in 1967 but were restored in 1991. Russian-Israeli ties quickly warmed after the collapse of the Soviet Union and have remained strong.

Despite Moscow's close ties with Tehran, Putin has repeatedly demonstrated his readiness to take Israeli interests into account.

He has maintained warm, personal ties with Netanyahu, who frequently traveled to Russia before the war in Ukraine.

Russia and Israel have built a close political, economic and cultural relationship that helped them tackle delicate and divisive issues, including developments in Syria. It survived a tough test in 2018, when a Russian military reconnaissance aircraft was shot down by Syrian forces responding to an Israeli airstrike, killing all 15 people aboard.

And even though Russia supplied Iran with sophisticated S-300 air defense missile systems, which Israel said were taken out during its strikes last year on Iran, Moscow has dragged its feet on deliveries of other weapons in an apparent response to Israeli worries. In particular, Russia has delayed providing advanced Su-35 fighter jets that Iran wants so it can upgrade its aging fleet.

Israel, in its turn, appeared to take Moscow's interests into account by showing little enthusiasm for providing Ukraine with weapons in the 3-year-old war.

The Kremlin's friendly ties with Israel has fueled discontent in Tehran, where some members of the political and military leadership reportedly were suspicious of Moscow's intentions.

Possible Russian gains from Middle East tensions Maintaining good ties with both Israel and Iran could pay off now, placing Moscow in a position of a power broker trusted by both parties and a potential participant in any future deal on Tehran's nuclear programme.

Long before Friday's strikes, Putin discussed the mounting Middle East tensions in his calls with Trump, conversations that offered the Russian leader a chance to pivot away from the war in Ukraine and engage more broadly with Washington on global issues.

Deputy Foreign Minister Sergei Ryabkov suggested in recent days that Russia could take highly enriched uranium from Iran and convert it into civilian reactor fuel as part of a potential agreement between the United States and Iran.

Prospects for negotiating a deal under which Iran would accept tighter restrictions on its nuclear programme appear dim after the Israeli strikes. But if talks resume, Russia's offer could emerge as a pivotal component of an agreement.

Many observers believe the Israeli attacks will likely fuel global oil prices and help enrich Moscow at a time when its economy is struggling.

“It will destroy the hopes of Ukraine and its allies in Western Europe for a drop in Russian oil revenues that are essential for filling the military budget,” Moscow-based military analyst Ruslan Pukhov wrote in a commentary.

Some commentators in Moscow also argue the confrontation in the Middle East will likely distract Western attention and resources from the war in Ukraine and make it easier for Russia to pursue its battlefield goals.

“The world's attention to Ukraine will weaken,” said pro-Kremlin analyst Sergei Markov. “A war between Israel and Iran will help the Russian army's success in Ukraine.” (AP) NSA NSA

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