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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.
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September 28, 2026
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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.
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September 28, 2026
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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.
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September 25, 2026
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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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Congress must disclose who prevented India from mounting military response post-26/11: PM

October 8, 2025

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Navi Mumbai, Oct 8 (PTI) Prime Minister Narendra Modi on Wednesday attacked the Congress party demanding it disclose to the nation who prevented India from mounting a military response following the 26/11 Mumbai terror attacks, which were linked to Pakistan.

Speaking at a function after the opening of the first phase of the Navi Mumbai International Airport (NMIA), Mumbai metro's Aqua Line and other projects, he blamed the Congress-led UPA government (2004-14) for "weakening the fight against terror," which he alleged had "paid a heavy price" on the nation.

"A Congress leader, who has also been Union home minister, has said a country prevented India's military retaliation post-26/11 Mumbai terror attacks in 2008. The party should clarify," the PM, who is on a two-day Mumbai visit, said.

Modi was referring to comments made by former Union Home Minister P. Chidambaram, who had himself been in favour of taking military action against Pakistan but pointed out that the UPA government went for diplomatic action, under some pressure from world powers, including America, not to initiate a war. The PM did not mention Chidambaram's name during his address.

Modi highlighted Mumbai as the financial hub and cosmopolitan city, which has been repeatedly a victim of terror attacks, such as the November 2008 assault by ten well-armed terrorists from Pakistan, which claimed 166 lives, including that of foreign nationals.

Continuing to target the Congress, Modi alleged the weakness of the grand old party to firmly combat terror made the hands of the terrorists stronger and asserted the country has the right to know who prevented India from proceeding with a military response after the 26/11 attacks.

"If a top Congress leader, who has been a Union minister, is to be believed, the then UPA government buckled under pressure of a foreign country against attacking Pakistan even though our defence forces were ready and the mood of the nation was to strike (the neighbouring country)," the PM asserted.

In contrast, Modi maintained that today's India provides a "befitting response to terror attacks and strikes by entering inside the home of enemies." He referred to 'Operation Sindoor' launched against terror hubs following the Pahalgam massacre and said "for us, nothing is more important than the safety and security of our nation and its citizens." Beyond national security, the PM highlighted the new infrastructure as a symbol of 'Viksit Bharat' (Developed India).

"For us, national policy is the base for politics," he said, adding for the government, every rupee spent on infrastructure is a means to enhance citizens' convenience and capability.

He contrasted this with a political stream in the country that prioritises power over public welfare and said such individuals obstruct development work and derail projects through scams and corruption.

Taking a jab at the Maharashtra opposition bloc MVA, he said NMIA had been delayed due to "hurdles in development" and "rampant corruption" under the previous state regime.

"This (creating hurdles in development) is no less than committing a sin," he said.

"Gati" (speed) and "Pragati" (development) are the hallmarks of Viksit Bharat where people's welfare is the topmost priority, he said, adding that for the last 11 years, work has been happening in this direction.

Be it the Vande Bharat trains, expediting the bullet train project, new highways and expressways linking new cities, tunnels, and sea bridges, speed and development can be seen in the country, Modi said, adding the new airport, with the shape of a lotus, is a glimpse of Viksit Bharat.

The airport is situated on the land of Shivaji Maharaj and it is a symbol of culture and prosperity, Modi said, adding farmers and fisherfolk can get access to global markets because of the airport.

The PM remarked this new airport will connect Maharashtra’s farmers to supermarkets in Europe and West Asia, enabling fresh produce, fruits, vegetables, and fishery products to reach global markets swiftly besides reducing export costs for nearby small and medium industries that will give a boost to their investment and lead them to establish new enterprises.

Modi recalled his vision of 2014 when he took over as PM and said he always wanted that even those wearing 'hawaii' chappals (slippers) should be able to travel by air.

To realize this dream, it was essential to build new airports across the country, he said, adding the Centre took this mission seriously and, over the past 11 years, new airports have been constructed one after another.

The PM said in 2014, there were 74 airports in the country, and now there are more than 160 airports and added India has become the third-largest domestic aviation market in the world.

Pointing out that as the number of aircraft increases, the demand for maintenance and repair operations also rises, Modi highlighted India is developing new facilities domestically to meet this need.

The goal is to establish India as a major MRO (Maintenance, Repair, and Overhaul) hub by the end of this decade, he noted and added this initiative is also creating numerous new employment opportunities for youth.

"India is the youngest country in the world, and its strength lies in its youth," he said emphasising that every government policy is focused on creating maximum employment opportunities for young people.

He said efforts are underway to integrate all modes of transport to ensure seamless travel, eliminating the need for commuters to switch modes with difficulty.

India is progressing towards the vision of 'One Nation, One Mobility', he said, adding the Mumbai One App is another step in this direction, enabling citizens to avoid long queues for tickets.

"With this app, a single ticket can be used across local trains, buses, metros, and taxis," he said.

Modi said with the new international airport and the underground metro, the metropolis will be Asia's largest connectivity hub with seamless travel and connectivity due to the Mumbai One app.

The Prime Minister congratulated the workers and engineers who constructed the 33.5-km-long underground metro in Mumbai while keeping the heritage buildings secure.

He announced the new airport will be named after Loknete D B Patil, a popular local politician and social activist, and recalled his contribution for the welfare of farmers.

Modi underscored that empowering the poor, the neo-middle class, and the middle class is a "national priority," asserting their collective strength makes the nation stronger.

The PM highlighted that recent "next-generation reforms in GST" have made several goods more affordable, which has boosted people's purchasing power.

Citing market data, he said the recent Navratri season broke multi-year sale figures, with a record number of people buying consumer goods such as scooters, motorbikes, TVs, and washing machines.

Modi issued a strong call to the nation to embrace indigenously made goods and urged everyone to adopt the mantra, "this is Swadeshi," ensuring it resonates in everywhere.

Concluding his remarks, the PM praised Maharashtra's role in accelerating India's development and affirmed the governments at both the Centre and state levels will continue to work tirelessly to enhance the capabilities of every town and village.

The event was attended by dignitaries including Maharashtra Governor Acharya Devvrat, CM Devendra Fadnavis, Union ministers, and Japan's Ambassador to India Keiichi Ono. PTI PTI IAS MR VT SKL RSY

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