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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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    CBDT extends due date for furnishing Return of Income for AY 2026-27 in respect of persons subject to audit under the Income-tax Act, 1961
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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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Major Russian attack on western Ukraine hits an American factory during US-led push for peace

August 21, 2025

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Kyiv, Aug 21 (AP) Russia launched a rare drone and missile attack on western Ukraine overnight, officials said Thursday, striking targets including an American-owned electronics plant and injecting further uncertainty into the US-led efforts to end the three-year-old war.

The aerial assault on a part of Ukraine that has largely avoided such focused attacks was one of Russia's biggest this year and came amid Moscow's objections to key aspects of proposals that could end the fighting following Russia's February 2022 invasion of its neighbour.

US President Donald Trump discussed the war with Russian President Vladimir Putin in Alaska last week before hosting Ukrainian President Volodymyr Zelenskyy and European leaders at the White House on Monday.

Trump last month questioned Putin's commitment to ending the war, saying the Russian leader “talks nice and then he bombs everybody.” In a social media post Thursday, Trump criticised his predecessor, Joe Biden, for not providing Ukraine with more weaponry it needs to “fight back.” “It is very hard, if not impossible, to win a war without attacking an invaders country,” Trump said. “It's like a great team in sports that has a fantastic defence, but is not allowed to play offensive. There is no chance of winning! It is like that with Ukraine and Russia.” The White House didn't immediately respond to a request for comment on whether Trump is weighing any changes to the types of weapons the US will provide to Kyiv.

Russia has fired nearly 1,000 long-range drones and missiles at Ukraine since Monday's White House talks, according to Ukrainian tallies.

European countries are discussing how they can deploy military assets to deter any postwar Russian assault on Ukraine. But the Kremlin won't accept the deployment of any troops from NATO countries, and Russian Foreign Minister Sergey Lavrov said Wednesday that making security arrangements for Ukraine without Moscow's involvement was pointless.

Putin is ready to meet with Zelenskyy to discuss peace terms, Lavrov said Thursday, but only after key issues have been worked out by senior officials in what could be a protracted negotiating process because the two sides remain far apart.

Ukrainian and European leaders have accused Putin of stalling in the peace efforts in the hopes that his bigger army, which has been making slow advances, can capture more Ukrainian land.

US Secretary of State Marco Rubio planned to host a conference call Thursday with the national security advisers of European countries expected to play a role in future security guarantees for Ukraine, a senior US official said.

It wasn't immediately clear which countries would be on the call. The US official spoke on condition of anonymity to outline a discussion that had not been publicly announced.

Military leaders from Ukraine, the US, the UK, Finland, France, Germany and Italy met Tuesday and Wednesday in Washington to work out military options, said Joseph Holstead, a spokesperson for the US Joint Chiefs of Staff. His statement gave no details about what specifically was discussed at the meeting, which also included NATO's supreme allied commander in Europe.

But an official who spoke on condition of anonymity because they weren't authorized to speak publicly about the discussions said, “Everything is being considered and nothing is being ruled out,” regarding security guarantees for Ukraine, apart from US boots on the ground.

Military chiefs and their staffs are looking at a variety of options including “how big” the security guarantee is and what happens if it is implemented with or without a ceasefire, the official said, noting that European defense chiefs acknowledged its their “responsibility to secure Europe.” Russia launched 574 drones and 40 ballistic and cruise missiles overnight, the Ukrainian Air Force said. The attack mostly targeted western regions of the country where much of the military aid provided by Ukraine's Western allies is believed to be delivered and stored. The strikes killed at least one person and injured 15 others, according to officials.

Zelenskyy condemned the attack amid the push for peace, saying it was carried out “as if nothing were changing at all.” A US electronics plant near the Hungarian border was struck, according to Andy Hunder, president of the American Chamber of Commerce in Ukraine. The Flex factory is one of the biggest American investments in Ukraine, Hunder told The Associated Press.

At the moment of impact, 600 night shift workers were on the premises, and six were injured, Hunder said. Russian attacks on Ukraine since it launched its invasion have damaged property belonging to more than half of the chamber's roughly 600 members, he added “The message is clear: Russia is not looking for peace. Russia is attacking American business in Ukraine, humiliating American business,” Hunder said.

Russia's Defence Ministry said the strikes targeted “enterprises of the Ukrainian military-industrial complex.” It claimed the attack hit drone factories, storage depots and missile launch sites, as well as areas where Ukrainian troops were gathered. Russia has repeatedly denied targeting civilian areas of Ukraine.

In the western city of Lviv, one person was killed and three were injured as the attack damaged 26 residential buildings, a kindergarten and administrative buildings, regional head Maksym Kozytskyi wrote on Telegram. The regional prosecutor's office said three Russian cruise missiles with cluster munitions struck the city.

Moscow has shown no signs of pursuing meaningful negotiations to end the war, Zelenskyy said. He urged the international community to respond with stronger pressure on Moscow, including tougher sanctions and tariffs.

In comments Wednesday that were embargoed until Thursday, Zelenskyy said plans for security guarantees will become clearer by the end of next week. He said he then expects to be ready to hold direct talks with Putin for the first time since the full-scale invasion.

The talks could also be conducted in a trilateral format alongside Trump, Zelenskyy said.

A venue for the meeting is being discussed, and Switzerland, Austria and Turkey are possibilities, Zelenskyy added.

Ukraine, meanwhile, has kept up its attacks with domestically produced long-range drones on infrastructure inside Russia that supports Moscow's war effort. Among other targets, it has hit oil refineries, and Russian wholesale gasoline prices have reached record highs in recent days. (AP) GSP

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