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    CCI approves acquisition of certain equity shareholding in Continuum Green Energy Ltd by Chubu Electric Power Company Netherlands B.V.
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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.
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
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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
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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.

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Senate votes to move ahead with Trump's request for USD 9 billion in spending cuts

July 16, 2025

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Washington, Jul 16 (AP) Senate Republicans on Tuesday advanced President Donald Trump's request to cancel some USD 9 billion in previously approved spending, overcoming concerns from some lawmakers about what the rescissions could mean for impoverished people around the globe and for public radio and television stations in their home states.

The Senate vote was 50-50, with Vice President JD Vance breaking the tie.

A final vote in the Senate could occur as early as Wednesday. The bill would then return to the House for another vote before it would go to Trump's desk for his signature before a Friday deadline.

Republicans winnowed down the president's request by taking out his proposed USD 400 million cut to a programme known as PEPFAR. That change increased the prospects for the bill's passage. The politically popular programme is credited with saving millions of lives since its creation under then-President George W. Bush to combat HIV/AIDS.

The president is also looking to claw back money for foreign aid programmes targeted by his Department of Government Efficiency and for the Corporation for Public Broadcasting.

“When you've got a USD 36 trillion debt, we have to do something to get spending under control," said Senate Majority Leader John Thune, R-S.D.

The White House tries to win over sceptics Republicans met with Russ Vought, the director of the White House Office of Management and Budget, during their weekly conference luncheon as the White House worked to address their concerns. He fielded about 20 questions from senators.

The White House campaign to win over potential holdouts had some success. Sen. Mike Rounds, R-S.D., tweeted that he would vote to support the measure after working with the administration to “find Green New Deal money that could be reallocated to continue grants to tribal radio stations without interruption”.

Some senators worried that the cuts to public media could decimate many of the 1,500 local radio and television stations around the country that rely on some federal funding to operate. The Corporation for Public Broadcasting distributes more than 70 per cent of its funding to those stations.

Maine Sen. Susan Collins, the Republican chair of the Senate Appropriations Committee, said she was particularly concerned about a lack of specifics from the White House.

“The rescissions package has a big problem — nobody really knows what programme reductions are in it," Collins said. “That isn't because we haven't had time to review the bill. Instead, the problem is that OMB has never provided the details that would normally be part of this process.” Sen. Lisa Murkowski, R-Alaska, said she didn't want the Senate to be going through numerous rounds of rescissions.

“We are lawmakers. We should be legislating,” Murkowski said. “What we're getting now is a direction from the White House and being told: 'This is the priority and we want you to execute on it. We'll be back with you with another round.' I don't accept that.” Sen. Mitch McConnell, R-Ky., Collins and Murkowski joined with Democrats in voting against the Senate taking up the measure.

McConnell said he wanted to make clear he didn't have any problem with reducing spending, but agreed with Collins that lawmakers didn't have enough details from the White House.

“They would like a blank check is what they would like. And I don't think that's appropriate," McConnell said.

But the large majority of Republicans were supportive of Trump's request.

“This bill is a first step in a long but necessary fight to put our nation's fiscal house in order," said Sen. Eric Schmitt, R-Mo.

Democrats warn of the consequences Democrats warned that it's absurd to expect them to work with Republicans on bipartisan spending measures if Republicans turn around a few months later and use their majority to cut the parts they don't like.

“It shreds the appropriations process,” said Sen. Angus King, an independent from Maine who caucuses with Democrats. “The Appropriations Committee, and indeed this body, becomes a rubber stamp for whatever the administration wants.” Democratic leader Chuck Schumer, D-N.Y., said that tens of millions of Americans rely on local public radio and television stations for local news, weather alerts and educational programmes. He warned that many could lose access to that information because of the rescissions.

“And these cuts couldn't come at a worse time,” Schumer said. "The floods in Texas remind us that speedy alerts and up-to-the-minute forecasts can mean the difference between life and death.” Democrats also scoffed at the GOP's stated motivation for taking up the bill. The amount of savings pales compared to the $3.4 trillion in projected deficits over the next decade that Republicans put in motion in passing Trump's big tax and spending cut bill two weeks ago.

“Now, Republicans are pretending they are concerned about the debt," said Sen. Patty Murray, D-Wash. “So concerned that they need to shut down local radio stations, so concerned they are going to cut off Sesame Street.' ... The idea that that is about balancing the debt is laughable.” What's ahead in the Senate With Republicans providing enough votes to take up the bill, it sets up the potential for 10 hours of debate plus votes on scores of potentially thorny amendments in what is known as a vote-a-rama.

The House has already shown its support for the president's request with a mostly party line 214-212 vote, but since the Senate is amending the bill, it will have to go back to the House for another vote.

Republicans who vote against the measure also face the prospect of incurring Trump's wrath. He has issued a warning on his social media site directly aimed at individual Senate Republicans who may be considering voting against the rescissions package. He said it was important that all Republicans adhere to the bill and in particular defund the Corporation for Public Broadcasting.

“Any Republican that votes to allow this monstrosity to continue broadcasting will not have my support or Endorsement,” he said. (AP) PY PY

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