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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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Authorities say about 200 immigrants arrested in raids on 2 Southern California farms

July 12, 2025

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Camarillo (US), Jul 12 (AP) Federal immigration authorities said Friday they arrested about 200 immigrants suspected of being in the country illegally in raids a day earlier on two California cannabis farm sites. Protesters engaged in a tense standoff with authorities during an operation at one of the farms.

The Department of Homeland Security said in a statement that authorities executed criminal search warrants in Carpinteria and Camarillo, California, on Thursday. They arrested immigrants suspected of being in the country illegally, and there were also at least 10 immigrant children on site, the statement said.

Four U.S. citizens were arrested for “assaulting or resisting officers,” the department said. Authorities were offering a $50,000 reward for information leading to the arrest of one person suspected of firing a gun at federal agents. One worker who called family to say he was hiding from authorities was on life support after falling and suffering significant injuries.

During the raid, crowds of people gathered outside Glass House Farms in Camarillo to seek information about their relatives and protest immigration enforcement. Authorities clad in military-style helmets and uniforms faced off with the demonstrators. Acrid green and white billowing smoke then forced community members to retreat.

Glass House, a licensed California cannabis grower, said in a statement that immigration agents had valid warrants. The company said workers were detained, and it is helping provide them with legal representation. The farm also grows tomatoes and cucumbers.

“Glass House has never knowingly violated applicable hiring practices and does not and has never employed minors,” the statement said.

It is legal to grow and sell cannabis in California with proper licensing.

The state's Department of Cannabis Control said they “observed no minors on the premises” during a site visit to the farm in May 2025. After receiving another complaint, the department opened an active investigation, according to a department spokesperson.

Worker gravely injured At least 12 people were injured during the raid and protest, said Andrew Dowd, a spokesperson for the Ventura County Fire Department. Eight were taken to St. John's Regional Medical Center and the Ventura County Medical Center, and four were treated at the scene and released. Dowd said he did not have information on the extent of the injuries of those hospitalized.

On Friday, about two dozen people waited outside the farm to retrieve the cars of loved ones and speak to managers. Relatives of Jaime Alanis, who has picked tomatoes at the farm for 10 years, said he called his wife in Mexico during the raid to tell her immigration agents had arrived and that he was hiding with others inside the farm.

“The next thing we heard was that he was in the hospital with broken hands, ribs and a broken neck,” Juan Duran, Alanis' brother-in-law, said in Spanish.

It was not immediately clear how Alanis was injured. A doctor at Ventura County Medical Center told the family that those who brought Alanis to the hospital said he had fallen from the roof of a building.

Alanis had a broken neck, fractured skull and a rupture in an artery that pumps blood to the brain, said his niece Yesenia, who didn't want to share her last name for fear of reprisal. He is on life support, she said.

“They told us he won't make it and to say goodbye,” Yesenia said, crying.

The hospital did not immediately respond to requests for comment.

Confrontation with authorities Relatives and advocates headed to the farm about 50 miles (80 kilometers) northwest of downtown Los Angeles to try to find out what was going on, and began protesting outside.

Federal authorities formed a line blocking the road leading through farm fields to the company's greenhouses. Protesters were seen shouting at agents wearing camouflage gear, helmets and gas masks. The billowing smoke drove protesters to retreat. It wasn't clear why authorities threw the canisters or if they released chemicals such as tear gas.

Ventura County fire authorities responding to a 911 call of people having trouble breathing said three people were taken to nearby hospitals.

At the farm, agents arrested workers and removed them by bus. Others, including U.S. citizens, were detained at the site for hours while agents investigated.

The incident came as federal immigration agents have ramped up arrests in Southern California at car washes, farms and Home Depot parking lots, stoking widespread fear among immigrant communities.

Federal investigations The Department of Homeland Security said in a statement Friday that the investigation into immigration and potential child labor violations at the farm is ongoing. No further details of the allegations were provided.

The agency said hundreds of demonstrators attempted to disrupt the operations, leading to the arrest of four Americans.

“We will prosecute to the fullest extent of the law anyone who assaults or doxes federal law enforcement,” Assistant Secretary Tricia McLaughlin said in a statement.

Immigration and Customs Enforcement and Customs and Border Protection were both part of the operation, the statement said.

Family members search for answers The mother of an American worker said her son was held at the worksite for 11 hours and told her agents took workers' cellphones to prevent them from calling family or filming and forced them to erase cellphone video of agents at the site.

The woman said her son told her agents marked the men's hands with ink to distinguish their immigration status. She spoke to The Associated Press on condition of anonymity because she feared reprisals from the government.

United Farm Workers said in statement that some U.S. citizens are not yet accounted for.

Maria Servin, 68, said her son has worked at the farm for 18 years and was helping to build a greenhouse. She said she spoke to her son, who is undocumented, after hearing of the raid and offered to pick him up.

“He said not to come because they were surrounded and there was even a helicopter. That was the last time I spoke to him,” Servin, a U.S. citizen, said in Spanish.

She said she went to the farm anyway but federal agents were shooting tear gas and rubber bullets and she decided it was not safe to stay. She and her daughter returned to the farm Friday and were told her son had been arrested Thursday. They still don't know where he is being held.

“I regret 1,000 times that I didn't help him get his documents,” Servin said. (AP) NB NB

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