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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
    DRI busts pan-India gold smuggling network and seizes around 6.6 kg of foreign-origin gold worth more than Rs. 10 crore; 11, including a mastermind, a...
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    Envision Energy Secures TÜV SÜD Certificate for Wind Farm Control System, Strengthening Long-Term Resilience for Future Energy Systems
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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
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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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India falls 13 places in latest global climate change performance

November 18, 2025

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Belem (Brazil), Nov 18 (PTI) India has slipped 13 places from its previous ranking to 23rd position in a latest global chart on climate change performance, brought out by a group of three organisations, mainly due to absence of any deadline to exit from coal usage.

The Climate Change Performance Index (CCPI) 2026, jointly published and released by Germanwatch, NewClimate Institute and Climate Action Network at the ongoing UN COP30 Climate Summit here on Tuesday, is an annual independent monitoring tool for climate mitigation performance of 63 countries and the European Union.

According to the ratings, India stands at 23rd position with a score of 61.31 among the countries, falling 13 places from last year’s list. It also labelled India among the biggest producers of oil, gas and coal worldwide.

The country’s show fell from a ‘high performer’ to a ‘medium’ one in this year’s CCPI as there is no national coal exit timeline and new coal blocks continue to be auctioned, it added.

The key demands for climate action have been a time-bound coal phase-down and eventually a phase-out, and redirecting fossil subsidies toward decentralised community-owned renewable energy segment, the report highlighted.

The document noted that no country reached the top three positions as “no country is doing enough to prevent dangerous climate change”.

The fourth position is held by Denmark with 80.52 points, followed by the UK with 70.8 and Morocco with 70.75. Saudi Arabia has been placed at the bottom with a score of 11.9, while Iran and the USA are at 66th and 65th positions with 14.33 and 21.84 points respectively.

“India ranks 23rd and is among the medium-performing countries in this year’s CCPI. The country earns a medium in GHG Emissions, Climate Policy, and Energy Use, and a low in Renewable Energy,” the report said.

In a contradictory statement, the document said India is signalling its long-term intent on climate action with a formal strategy and ambitious renewable energy targets, alongside established efficiency programmes such as Bureau of Energy Efficiency (BEE) appliance labelling since 2006 and the Perform, Achieve and Trade (PAT) mechanism for industry since 2012.

“The country has accelerated renewable energy deployment through auctions and fiscal tools, and the CCPI country experts note record auction participation and continuously falling tariffs.

"In 2025, India reported reaching 50 per cent of installed power capacity from non-fossil sources ahead of the 2030 Nationally Determined Contribution (NDC) target,” it added.

Because of this, the experts make favourable mention of the work on green finance taxonomy and a national carbon market framework.

“At the same time, the national pathway is still anchored in coal. There is no national coal exit timeline and new coal blocks continue to be auctioned. Fossil subsidies and infrastructure lock-ins persist. The country is among the 10 countries with the largest developed coal reserves, and it currently plans to increase its production,” the CCPI 2026 said.

Stating that the experts criticised the uneven and weak carbon price signals, the report said India’s total solar rooftop capacity was 20.8 GW as of September 2025 with nearly 9 GW added in the last year, making up around 17 per cent of total solar installations.

“However, the experts criticise that large grid-scale renewable projects have triggered land conflicts, displacement, and water stress, reflecting top-down, non-inclusive siting. Several reported incidents involve human rights violations and ecosystem degradation,” it added.

The document further noted that India’s updated NDC commits to 50 per cent non-fossil capacity by 2030 and a 45 per cent emissions-intensity cut compared with 2005, but the experts noted that the 2070 net-zero goal is not aligned with 1.5 degree celsius pathways.

They also highlighted the missing interim milestones for 2035 and 2040 respectively, sectoral trajectories and state-level accountability, and limited non-inclusive consultation with civil society and communities affected.

“Internationally, India defends equity with Common But Differentiated Responsibilities (CBDR) and leads multilateral initiatives such as the International Solar Alliance (ISA), but the experts point out that domestic fossil fuel expansion undermines credibility,” the report said.

It said that the experts recommended a time-bound coal phase-down and eventually a phase-out, including setting a no new-coal date and a peak coal year, recommending redirection of fossil subsidies toward decentralised community-owned renewable energy.

“They advise strengthening the social and environmental safeguards for renewable energy siting. They also mention the need for more coherent biomass accounting and constraining woody biomass by strict sustainability criteria. They advise establishing binding roadmaps for fossil phase-out in sectors such as transport, buildings and industrial with interim sectoral and state-level milestones for 2035 and 2040,” CCPI 2026 said.

It also highlighted the importance of a just transition and the codesign with affected regions as a priority. The experts also stressed on the importance of expanding risk-buffer tools and prioritising smallholders, women and vulnerable communities regarding access to finance and resilience support.

The publishers mentioned that the CCPI 2026 is based on the methodological design introduced in 2017 covering all greenhouse gas (GHG) emissions, and evaluates the 2030 targets and the well-below-2 degree Celsius compatibility of countries’ current levels and targets in the categories ‘GHG Emissions’, ‘Renewable Energies’ and ‘Energy Use’. PTI TR GSP GSP

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