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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.
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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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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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September 25, 2026
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September 25, 2026
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Kejriwal, Harsimrat, Bajwa oppose Centre's proposal for Chandigarh administration

November 23, 2025

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Chandigarh, Nov 23 (PTI) Several political leaders like AAP supremo Arvind Kejriwal, SAD leader Harsimrat Kaur Badal and Congress leader Partap Singh Bajwa on Sunday strongly opposed the Centre's proposal empowering the president to make regulations for the UT and legislate directly.

However, the Centre has issued a clarification following the political outrage over the proposal, saying that it has no intention of presenting any bill on Chandigarh's administration in the Winter session of the Parliament, assuring that the proposal in no way seeks to alter Chandigarh's governance or administrative structure.

Earlier, according to a bulletin of Lok Sabha and Rajya Sabha, the Centre proposed to include the Union territory of Chandigarh under the ambit of Article 240 of the Constitution.

If the bill is passed, Chandigarh could have an independent administrator, similar to having had an independent chief secretary in the past. Chandigarh serves as the joint capital of Punjab and Haryana.

This proposed amendment has sparked political outrage in Punjab, with the ruling AAP, Congress, and Shiromani Akali Dal (SAD) criticising the BJP-led Centre, accusing the government of attempting to "snatch" Chandigarh from Punjab.

Aam Aadmi Party (AAP) national convener Arvind Kejriwal vehemently opposed the Centre's proposed move, calling it a "direct attack" on Punjab's identity and constitutional rights.

"The BJP-led central government's attempt to eliminate Punjab's rights over Chandigarh through constitutional amendment is not part of a simple move, but a direct attack on Punjab's identity and constitutional rights. This mentality of undermining the federal structure and depriving Punjabis of their rights is extremely dangerous," Kejriwal said in a post on X.

"Punjab, which has always sacrificed for the nation's security, food, water, and humanity, is today being deprived of its own share. This is not just an administrative decision, but akin to wounding the soul of Punjab.

"History bears witness that Punjabis have never bowed before any dictatorship. Punjab will not bow even today. Chandigarh belongs to Punjab and will remain with Punjab," he further said.

Shiromani Akali Dal (SAD) MP and former Union minister Harsimrat Kaur Badal said that with this move, Punjab will lose its rights over Chandigarh.

"The Shiromani Akali Dal strongly opposes the proposed Constitution (131st Amendment) Bill being brought by the Central Government in this winter session. With this amendment, Chandigarh will be converted into a state, and Punjab will completely lose its right over Chandigarh," she said.

Badal described the proposal as a significant blow to Punjab, noting that the Congress party had initially taken Chandigarh from Punjab and asserting that the decision to make it a separate state would not be accepted.

"This amendment bill is a robbery of the rights of Punjab and also a violation of the principles of federal structure. The Shiromani Akali Dal will not allow this to happen and will strongly oppose it in this session," she said.

The SAD has called an emergency meeting of its core committee on November 24 to discuss this issue. SAD leader Daljit Singh Cheema said the meeting, to be chaired by SAD President Sukhbir Singh Badal, will chart out the next steps.

Senior constitutional experts will be consulted to finalise a strong strategy to counter the Centre's move, he added.

Congress leader Partap Bajwa has alleged that the BJP has consistently sought to test the political waters in Punjab, and that the latest Constitutional Amendment Bill is "yet another move designed to create instability." "They know Punjabis will oppose such an attack on our rights with full force. The ensuing confrontation will only provide the BJP with an excuse to push for governor's rule in the state. I strongly advise the BJP to stop creating divisions in Punjab and to refrain from disturbing the hard-won peace and federal balance of our state," said Bajwa.

Punjab Finance Minister Harpal Singh Cheema also criticised the central government over its proposal to appoint an independent administrator in Chandigarh, claiming that this move aims to "finish" Punjab.

Addressing the media in Anandpur Sahib, Cheema claimed that the BJP is trying to "capture" Punjab through "dictatorship." He claimed that the Union government had previously attempted to "capture" the Bhakra Beas Management and Panjab University, Chandigarh, and had also introduced the now-repealed three "black laws." "All these attempts were thwarted by the brave people of Punjab," he asserted.

In drawing a historical parallel, Cheema remarked that just as the regime of 350 years ago attacked its people, the current central government is "attacking" Punjab on every front.

Referring to the Centre's latest move, he said the people of Punjab will give a befitting reply to the BJP.

Congress MLA Pargat Singh said that the Centre's latest endeavour aims to "completely snatch" Chandigarh from Punjab and transform it into a separate Union territory. He described this action as "an act of sheer aggression that Punjab will never accept." "I urge Chief Minister Bhagwant Mann to strongly oppose this anti-Punjab move in Monday's Assembly session and pass a resolution against it. An all-party meeting must be convened so that Punjab can stand united, go to Delhi before the Parliament session, stage a protest against this unconstitutional assault, and meet the president with an all-party delegation to formally register Punjab's objection," said Singh.

Currently, the Punjab governor serves as the Administrator of the UT of Chandigarh. It was previously administered independently by a chief secretary since November 1, 1966, when Punjab was reorganised.

However, since June 1, 1984, Chandigarh has been administered by the Punjab governor and the chief secretary's position was converted to an adviser to the UT administrator.

In August 2016, the Centre sought to restore the old practice of having an independent administrator by appointing former IAS officer K J Alphons for the top post.

However, the move was withdrawn after stiff opposition from the then-Punjab chief minister, Parkash Singh Badal, who was part of the NDA, and other parties, including the Congress and AAP.

Punjab, which has staked its claim on Chandigarh, also wants the immediate transfer of Chandigarh to it. The chief minister has reiterated this demand during a recent meeting of the Northern Zonal Council held in Faridabad. PTI CHS VSD MPL MPL

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