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October 1, 2026
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GST revenue collection reporting distinguishes gross and net collections for a monthly period without further collection particulars.
GST revenue collection reporting for September 2026 concerns both gross and net collections. Both collection categories are identified for that monthly period, without any stated amount, component-wise breakup, computation basis, adjustment mechanism, comparison with earlier periods, taxpayer obligation, administrative process, or legal consequence. No assessment, recovery, refund, credit, or enforcement position is indicated. Their relationship, inclusions, exclusions, and treatment are not specified.
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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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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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.
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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.
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September 28, 2026
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September 28, 2026
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September 28, 2026
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September 28, 2026
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Multilateral infrastructure cooperation guides annual development bank participation and bilateral engagement on sustainable investment and economic connectivity.
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September 25, 2026
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Reciprocal trade agreement negotiations face tariff and subsidy pressures as both governments pursue lower bilateral trade barriers.
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September 25, 2026
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September 25, 2026
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Government borrowing calendar: Reduced dated-securities borrowing will use weekly auctions, green bonds, switches and buyback operations.
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Upcoming pharma park to position UP as bulk drug manufacturing hub

June 15, 2025

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Lucknow, Jun 15 (PTI) The Uttar Pradesh government is betting big on the upcoming pharma park in Lalitpur, which is expected to position the state alongside Gujarat and Andhra Pradesh as one of India's leading bulk drug manufacturing hubs.

The project in the Bundelkhand region is expected to attract investments exceeding Rs 12,000 crore, according to the Uttar Pradesh State Industrial Development Authority (UPSIDA).

Speaking to PTI, Mayur Maheshwari, Chief Executive Officer of UPSIDA, said, "The pharma park project in Lalitpur is one of the state government's landmark initiatives. It is entirely state-sponsored, aimed at achieving self-reliance in bulk drug and API manufacturing. The idea is for Uttar Pradesh to take the lead." Spread over 1,472 acres, the project has entered its first phase with 353 acres already under development. "We have secured environmental clearances and allotments for the first phase have begun," Maheshwari added.

The project also lays thrust on having Zero Liquid Discharge (ZLD), an advanced wastewater management strategy that ensures no industrial liquid waste is discharged into the environment.

Instead, all wastewater generated during manufacturing is treated, purified, and either reused within the facility or converted into solid waste for safe disposal.

Following a successful roadshow in Ahmedabad last week, where several companies signed key investment proposals, UPSIDA is now planning similar outreach in Mumbai to tap into a wider pool of pharma players. "We recently held roadshows in Gujarat, and previously in Chandigarh, and Hyderabad.

"Next, we plan to target Mumbai and other locations to attract major pharma players," he said.

Maheshwari described the Lalitpur pharma park as a state-of-the-art facility offering plug-and-play infrastructure. "All utilities will be underground. The park will have climate-controlled warehouses, multiple logistics chains, and steam and solvent recovery systems...all available to manufacturers based on their needs. The entire facility will operate on a zero liquid discharge basis," he explained.

He further noted that the site is equipped with CCTV surveillance, accommodation units, in-house skilling centres, and other support infrastructure to ensure it becomes the best bulk drug park in the country.

Highlighting the changing dynamics of the pharma industry, Maheshwari said, "Himachal Pradesh was a major manufacturing hub for years, but once subsidies and tax holidays ended, manufacturers shifted to Gujarat and Hyderabad. Uttar Pradesh is well-positioned to fill that gap." "Our units in Lalitpur will be operational within two to two-and-a-half years. The allotment process is underway, environmental clearances are in place, and physical results will be visible on the ground within two years," he stated.

Maheshwari confirmed that the entire land for the project is already under UPSIDA's possession, and infrastructure upgrades are ongoing with the support of PWD, power discoms, and technical partnerships with institutions like IIT and DRDO.

Underscoring the park's competitive edge, he said, "We aim to surpass the best in India, we're working with Assystem India Limited, known for their work on pharma parks in Vizag and other private sector projects." "We are fully ready -- in terms of infrastructure, planning, and execution -- to make this the country's top pharma park," he added.

According to officials, Lalitpur combines logistical reach, industrial readiness, policy support (for example, getting environmental clearances), and land affordability, making it a compelling choice for a pharma manufacturing park. It's also close to the upcoming Jhansi node of the defence corridor.

It also helps the government uplift Bundelkhand economically, while bolstering the government's push for making UP a USD 1 trillion economy.

The project is also projected to create direct and indirect employment for nearly 14,000 people, contributing to the local economy and supporting the state's broader economic growth goals.

During the investment outreach event in Ahmedabad, UPSIDA signed multiple Memorandums of Understanding (MoUs) with leading pharmaceutical and healthcare companies, an official said.

CSL Life Sciences Pvt Ltd has proposed a Rs 200-crore investment -- Rs 100 crore each for an IV Bottle Plant and an OSD Plant on approximately 5-7 acres of land. The project is expected to employ over 250 people and become operational within two years, the official said.

Mediheath Diagnostic Pvt Ltd will set up a healthcare unit on 4,200 square meters in Lalitpur, while Gaman Irradiation is planning a Rs 35-crore investment for a skin treatment and irradiation unit, expected to generate around 150 jobs within 24-36 months, he said.

Additionally, Obmed Pharma has committed Rs 200 crore to set up a formulation unit on 5 acres, with a potential to create around 100 jobs. This project too is expected to commence within the next two years, he added. PTI KIS HVA

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