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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.
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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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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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.
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SC mulls CBI probe into all digital arrest cases; seeks details of FIRs from states, UTs

October 27, 2025

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New Delhi, Oct 27 (PTI) The Supreme Court on Monday said it is inclined to entrust to the CBI the probe into digital arrest cases after taking into consideration the magnitude and pan-India spread of such crimes, and sought details of FIRs registered in different states and Union territories.

A bench of Justices Surya Kant and Joymalya Bagchi issued notices to all states and UTs on digital arrest cases.

Digital arrest is a growing form of cybercrime in which fraudsters pose as law enforcement officials or personnel of government agencies to intimidate victims through audio and video calls. They hold the victims hostage and put pressure on them to pay money.

The top court has taken cognisance of a glaring case of the so-called digital arrest of a senior citizen couple in Haryana's Ambala on the basis of forged orders of the court and probe agencies by fraudsters to extort Rs 1.05 crore.

"Meanwhile, let notice be issued to all states and Union Territories through their standing counsel, returnable on November 3, 2025. The states and Union Territories are directed to furnish details of the cases of cyber arrest pending investigation in their respective jurisdiction. In this regard, they need not file any formal counter affidavit," the bench ordered.

The top court noted the submissions of Solicitor General Tushar Mehta, appearing for the Centre and the CBI, that cybercrime and digital arrest cases are originating from offshore locations like Myanmar and Thailand and directed the probe agency to come up with a plan to probe these cases.

"We will monitor the progress of the CBI investigation, issue whatever directions are necessary," it said.

Mehta, who furnished a note to the bench, said that the CBI is already probing similar cases and what it has found is beyond expectations and, therefore, the agency may need some important directions.

"It has been found that there are three pillars -- financial, technical and human. Sometimes, people are lured abroad with promises of employment. Once they reach there, their passport is taken away and they are told that a large amount of money has been spent on them and they must recover it by generating funds online. They are treated as human slaves," Mehta said.

He said that these areas are called "scam compounds" and normally operate from countries that do not have extradition treaties with India.

The bench asked the CBI to respond whether it needs more resources, including cyber experts who are not in the police force, to investigate digital arrest cases.

Justice Bagchi said it is an "international issue" and referred to the recent crackdown on such cybercrime gangs operating from Myanmar.

"The question is whether the CBI will be able to handle the volume of such cases because it should not happen like in cases of Ponzi schemes, where later the probe agencies were seeking to offload the cases and the court has to step in," Justice Bagchi told Mehta.

Justice Kant said the CBI may come up with its plan and inform whether it needs more resources to investigate digital arrest cases.

"Seeing the volume of cases, we want to know whether the CBI has the human and technical resources to deal with all the cases if they are transferred," he said.

Mehta said that the CBI is already taking help from the cybercrime division under the Ministry of Home Affairs, where technical experts from various fields are working.

Justice Bagchi referred to a recent treaty which was passed by the United Nations for intelligence sharing on cybercrimes and said agencies like Interpol and local agencies could be of help.

At the outset, Attorney General R Venkataramani, appearing for the Centre, said that there are money laundering networks behind these cybercrime scams based outside India.

The counsel for Haryana said that they have no objection to the two FIRs related to defrauding of an elderly couple registered by the Cybercrime Branch in Ambala being transferred to the CBI for investigation, but there are other cases also that need to be looked into.

The bench asked him to furnish the details of those cases within a week, so that they can also be transferred to the CBI.

It posted the matter for further hearing on November 3.

On October 17, taking note of the rising incidents of online fraud in the country, especially digital arrests to dupe citizens by fabricating judicial orders, the top court sought responses from the Centre and the CBI, saying such offences strike at the "very foundation" of public trust in the system.

The apex court had flagged the rising number of digital arrest cases across the country and said forging apex court, high court orders and signatures of judges to digitally arrest innocent people, including senior citizens, strikes at the bottom of trust and faith of people in judicial institutions.

It said the forgery of documents and the criminal misuse of the name, seal and judicial orders of this court or high court is a matter of grave concern, and such criminal acts cannot be treated as an ordinary or solitary offence of cheating or cyber crime.

The matter was brought to the court's notice by the complainant, an elderly woman who alleged that scamsters produced a forged court order with a stamp and seal for the arrest and surveillance of the couple between September 3 and 16 to defraud over Rs 1 crore through multiple bank transactions.

The woman said the court orders were shown through multiple audio and video calls by people impersonating as CBI, ED and judicial officers to arrest them.

The top court was informed that two FIRs were lodged with the cyber crime department at Ambala under various provisions of the Bharatiya Nyaya Sanhitya (BNS). PTI MNL RT

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