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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
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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
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
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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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Modi govt's foreign policy has 'failed': Opposition parties on H-1B visa fee hike

September 20, 2025

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New Delhi, Sep 20 (PTI) The opposition parties on Saturday alleged that the Modi government's foreign policy has "failed" after the US imposed a USD 100,000 annual fee for H-1B visas for highly skilled workers which, they said, is "meant to target Indians", and asked the Centre to take steps to resolve the "crisis".

The Congress hit out at Prime Minister Narendra Modi, accusing him of being a "weak PM" whose preference for "strategic silence" and "loud optics" has become a liability for India. Its president Mallikarjun Kharge said that foreign policy is about safeguarding India's national interests and keeping "India First" and not holding "events".

Highlighting reports that H-1B visa hike would hit Indians hardest, Leader of Opposition in the Lok Sabha Rahul Gandhi said in a post on X, "I repeat, India has a weak PM." Noting that Indian national interests are supreme, Congress chief Kharge took a swipe at the PM, saying, "Bear hugs, hollow slogans, concerts and getting people to chant 'Modi, Modi' is not foreign policy!".

"Foreign policy is about safeguarding our national interests; keeping India First, and steering friendships with wisdom and balance. It cannot be reduced to superficial bravado that risks undermining our long-term standing," Kharge said in a post on X.

"Birthday Return Gifts from your 'Abki Baar, Trump Sarkar' Government! -- USD 100,000 annual fee on H-1B visas hits Indian tech workers the hardest, 70 per cent of H-1B visa holders are Indians and 50 per cent tariff already imposed, a loss of Rs 2.17 Lakh crore to India is already estimated in 10 sectors alone," Kharge said.

He also cited the HIRE Act, which he claimed was targeting Indian outsourcing. He also called the lifting of the exemption to the Chabahar port a "loss to our strategic interests".

In a post on X, Congress deputy leader in the Lok Sabha Gaurav Gogoi said, "With the recent decision on H-1B visas, the American government has hit at the future of the best and brightest minds from India." Samajwadi Party chief Akhilesh Yadav slammed the Union government over the development. Speaking to reporters at the party office in Lucknow, Yadav said, "Your foreign policy has failed in the foreign (countries). Economic policies have failed. You have failed in making relationships." Aam Aadmi Party convenor Arvind Kejriwal took a swipe at PM Modi, saying he appeared to be "helpless".

"Prime Minister ji, do something at least. Why is the Prime Minister of 140 crore people so helpless? Are you unable to handle anything at all?" Kejriwal said on X with a hashtag "h1bvisa".

AIMIM leader Asaduddin Owaisi said the "ending of H1B visas was meant to target Indians" and accused the Modi government of reducing foreign policy to "gimmicks".

"That the US is putting its relationship with India at risk is proof that it does not care about our strategic value. We are a strategic partner of the US, and if they don’t see us as allies, then it is a failure of this government," the Hyderabad MP said, noting Indians, especially people from Telangana and Andhra, were the biggest beneficiaries of the H1B visa system, which US President Donald Trump "has essentially ended".

"My complaint is not against Trump, he did what he wanted. My quarrel is with this government: what did you achieve with Howdy Modi and Namaste Trump?" Owaisi said on X.

He said the government must introspect as to why India is facing such difficulties in foreign policy and national security. "Is it because you have reduced these issues to gimmicks? After all, it’s not Modi who suffers, but common Indians. You have sacrificed our long-term gains for domestic posturing. 2014-2024 has been a lost decade," he said.

Shiv Sena (UBT) leader Aaditya Thackeray said the Centre's "stunning silence" means "absolute darkness" for those who depend on it.

The revised H1B visa fee would hit not just lakhs of working professionals from India, but also the companies who hire them, he said, adding that the government should speak to the country's citizens as well as the US administration to resolve the crisis.

Had 'Atmanirbhar Bharat', 'Make in India' and other such slogans been actually implemented, it would not have been so chaotic, he said on X.

"The weakening rupee against the dollar and the tariffs have anyway hit us hard, and as flowery or brave as the ruling party's talk may sound, we need to look at the stark reality," the MLA representing the Worli assembly constituency in Mumbai said.

"Now the H1B visa fee! It's going to hit not just lakhs of working professionals from India, but also the companies who hire them. A great Indo-US relationship is great for the world, but a silence from our government is absolute darkness for those who depend on it," he said.

Telangana IT and Industries Minister D Sridhar Babu condemned the US decision and said it would have an adverse impact on Indian tech companies and job aspirants.

“India tops the list of countries availing H-1B visas, followed by China. Either to bring pressure on the American government or to hold consultations over Trump’s actions, the BJP government at the Centre has completely failed in addressing the issue,” he told reporters.

“We demand that the Centre find a solution through diplomatic negotiations. Why are they maintaining this strategic silence? Why is the Centre doing optics by showing Trump as a great friend? Very ineffective diplomacy by the Centre is happening,” he alleged.

India on Saturday said the Trump administration's new restrictions on the H1B visa programme are likely to have humanitarian consequences and hoped that the "disruptions" would be addressed suitably by the American authorities.

India's reaction came hours after US President Donald Trump signed a proclamation to impose a USD 100,000 annual fee for H-1B visas, a move that is set to adversely impact Indian professionals in the US.

"This measure is likely to have humanitarian consequences by way of the disruption caused for families," External Affairs Ministry Spokesperson Randhir Jaiswal said.

"The government hopes that these disruptions can be addressed suitably by the US authorities," he said.

Industries in both India and the US have a "stake in innovation and creativity and can be expected to consult on the best path forward," he said.

"Skilled talent mobility and exchanges have contributed enormously to technology development, innovation, economic growth, competitiveness and wealth creation in the United States and India," he said.

"Policy makers will therefore assess recent steps, taking into account mutual benefits, which include strong people-to-people ties between the two countries," Jaiswal added.

CPI(M) leader Hanan Mollah termed the development as "unfortunate" and said Trump has been acting in a "whimsical" manner to target India and China. It will create a problem of unemployment among the technical workforce in the country, he said.

Shiv Sena UBT leader Priyanka Chaturvedi said the US attracted the best talent the world had to offer through its H-1B visa programme and those who made it to the nation "worked hard to Make America not just great but also an economic powerhouse.

"By doing away with the entire visa programme America has harmed itself far more than those who came on these visas. But who will tell them?" she said on X.

"Don’t have much expectations from the GoI to respond to the new US policy on H-1B; however, I hope that they will rise to the challenge and so will Indian corporate houses," she said.

She made several suggestions, like cutting red tape to start businesses requiring a high-skill workforce, investing in tech, R&D and AI, and offering incentives to corporate houses to invest in sectors hit due to H-1B restrictions. PTI SKC NAV MPB SJR PR RT RT

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