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    Gross and Net GST revenue collections for the month of September, 2026
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    5th Kautilya Economic Conclave to be held in New Delhi from 3 to 5 October 2026 under the theme “Resilience in an Age of Flux”
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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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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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Trump extends his reach into Congress in ways large and small

September 4, 2025

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Washington, Sep 4 (AP) The invitation arrived in the final days of the summer recess, President Donald Trump's political team summoning House Republican staff to an early morning meeting about the One Big Beautiful Bill Act and the coming midterm elections.

“Attendance will be tracked by Team Trump — see you there!” read the flyer obtained by The Associated Press.

On Wednesday morning, staffers lined up to check in to the private meeting at Republican National Committee headquarters across the street from the US Capitol.

What would have been a routine political strategy session with White House press secretary Karoline Leavitt, pollster Tony Fabrizio and political director James Blair showcased the depth of Trump's reach into the affairs of the legislative branch, with Republican majorities in Congress being led by a powerful executive.

As Congress returns for a busy fall stretch, Trump was pushing lawmakers to drop their probe into the Jeffrey Epstein files — "it's enough," he said at the White House — despite a groundswell of bipartisan support for a full airing of the Justice Department's information about the former financier accused of sex trafficking.

Trump has unleashed squadrons of federal law enforcement and National Guard troops in Washington, D.C., and is eyeing similar incursions into other cities, including Chicago, even after a federal judge said his use of the military to quell protests in Los Angeles broke the law.

And perhaps most threatening in the erosion of the separation of powers, Trump has utilized a highly rare administrative tool to claw back federal funds Congress had already approved, in what has been viewed as a brazen, muscular display of unchecked executive authority that is courting a federal government shutdown Sept. 30.

“Time and time again, we are seeing priorities that are out of line with what the American people want,” Democratic Rep. Pete Aguilar of California, the chairman of the House Democrats, said at a Wednesday press conference at the Capitol.

Perhaps nowhere is the acquiescence of the Congress, where Republicans hold the majority, so revealing than in the morning meeting at the Capitol Hill Club on the third floor of RNC headquarters.

“At least one staffer per office expected,” the invitation read.

Lawmakers piled in first, with almost full attendance, and then staff attended a separate private session. They were shown polling, particularly on voter attitudes about the big bill of tax breaks and spending cuts that Trump signed into law, as Republicans prepare to defend their majority ahead of next fall's midterm elections.

The takeaway: The “One, Big, Beautiful Bill Act” is now called “The Working Families Tax Cuts Act.” “It's not a rebranding,” said House Speaker Mike Johnson said afterward. “What we have to do to sell it is tell the truth.” Trump had initially named the bill himself, coming up with it during a White House meeting back in spring. The moniker stuck, and was typed out on the title page of the sprawling, nearly 1,000-page package — until Democrats in the Senate succeeded in stripping it out, on technical grounds.

But two months after Trump signed the bill into law at a Fourth of July ceremony at the White House, even the president has acknowledged it wasn't his best marketing.

“I'm not going to use the term 'great, big, beautiful,” Trump said during a Cabinet meeting last week. “That was good for getting it approved. But it's not good for explaining to people what it's all about.” Johnson, who said he missed the morning session to take his son to school, also said he spoke with Trump near midnight and “fully” endorses the strategy.

“This was all pre-arranged with me,” Johnson said. “We're closely coordinating with the White House.” Johnson acknowledged the big bill has not proven popular with voters, but he insisted that's because they don't fully realize what's in it.

The big bill extends tax rates and brackets that have been in place since Trump's first term. It offers new cuts, including no taxes on tipped income, higher tax credits for children and deductions for some seniors. It also imposes new Medicaid work requirements and extends work requirements for those receiving food stamps assistance.

Half of US adults expect the new tax law will help the rich, according to a poll from The Associated Press-NORC Center for Public Affairs Research. Most — about 6 in 10 — think it will do more to hurt than help low-income people.

The nonpartisan Congressional Budget Office has estimated some 10 million more Americans will go without health care coverage and 2.4 million fewer people will qualify for food stamps under the new law.

CBO also estimated it will result in less income for the poorest Americans, with more money for the wealthy.

“Republicans don't have a branding problem, they have a substance problem,” Senate Democratic Leader Chuck Schumer said Wednesday.

“Americans hate the Republicans' big, ugly bill.” While leadership from the White House can prove powerful in motivating lawmakers to fall in line behind a president's priorities, Trump is leading the GOP into a new era of executive power that is steamrolling past the legislative branch in a way unseen in peacetime presidencies.

Senators are considering rare rules changes that would allow Republicans to meet Trump's demands to more speedily confirm his executive branch nominees, even as the president has summarily fired the newly confirmed head of the Centers for Disease Control and Prevention and the White House engages in a legal battle to oust Lisa Cook, a Senate-confirmed member of the Federal Reserve Board.

Also Wednesday, House Republicans quietly approved a resolution to stand up a new committee to reinvestigate the Jan. 6, 2021, attack on the Capitol as they continue to contest what happened after Trump sent a mob of supporters to fight the 2020 election he lost to Democrat Joe Biden.

Trump was impeached for inciting the 2021 insurrection at the Capitol, but was later acquitted. (AP) NB NB

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