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    India–Afghanistan Joint Working Group on Trade Holds Virtual Meeting; Reviews Measures to Strengthen Bilateral Trade and Economic Cooperation
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September 2, 2026
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Trade facilitation and customs cooperation drive follow-up action on connectivity, regulatory coordination, investment promotion and bilateral commercial engagement.
India-Afghanistan bilateral trade and economic cooperation is being advanced through institutional engagement on trade facilitation, customs cooperation, connectivity, investment and commercial exchange. Priority areas include customs and data-sharing cooperation, visa facilitation for traders, banking and financial cooperation, pharmaceutical and agricultural trade, energy cooperation, tariff concessions, cargo connectivity and port-related matters. Follow-up action covers regulatory cooperation, improved connectivity, investment promotion and business-to-business engagement.
September 2, 2026
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Residential rooftop solar subsidy requires eligibility, prior approval, registered installation, net metering, commissioning, and verified bank details for direct transfer.
PM Surya Ghar Muft Bijli Yojana provides central financial assistance for eligible grid-connected residential rooftop solar systems, capped at Rs. 78,000 for systems of three kilowatts or more. Applicants must be Indian citizens who own a suitable house, hold a valid electricity connection, and have not received an earlier solar-panel subsidy. Applications require portal registration, distribution-company feasibility approval, installation through a registered vendor, net metering, inspection, commissioning and submission of bank details. Assistance is transferred directly after verification. State-specific net-metering procedures, approvals and additional incentives may apply.
September 2, 2026
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Sovereign credit rating upgrade reflects solid growth, stronger financial systems, and improving fiscal and external resilience.
JCR upgrades India's foreign-currency and local-currency long-term issuer ratings to A- with a stable outlook, citing sustained economic growth, productivity-oriented policies and improved financial-system soundness. Fiscal constraints include elevated deficits, intergovernmental fiscal transfers, electoral-cycle sensitivity, and high combined government debt and interest burdens. Greater emphasis on infrastructure capital expenditure has improved the quality of fiscal spending. External resilience is supported by a contained current account deficit, services surplus and foreign-exchange reserves exceeding short-term external debt.
September 2, 2026
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Personal insolvency bench constitution and repayment-plan eligibility remain contested where a larger tribunal bench stays a third-member order.
Personal insolvency proceedings raised a challenge to the National Company Law Tribunal's authority to constitute a five-member bench after a split verdict. The challenge contended that the mechanism for differing views permits reference to another member or members, but does not authorise a five-member bench. The larger bench stayed the third member's order, restricted asset alienation, and suspended an order permitting settlement of personal-guarantee claims. The dispute concerned the validity of that bench, the split-verdict reference procedure, repayment-plan eligibility, and pending creditor appeals.
September 2, 2026
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Digital lending app verification enables borrowers to identify regulated lenders, grievance channels, and warning signs before accepting loans.
GoCredit's Loan App Checker allows borrowers to search lending apps against the public Digital Lending App directory and identify the regulated lender, grievance contact and RBI Ombudsman escalation route where a match exists. Regulatory reporting by regulated entities enables app-level verification, while borrowers should also check the lender named in app disclosures and loan agreements. A directory listing is a regulated-entity disclosure, not RBI approval or endorsement. Unmatched apps should be assessed through verification steps and reported through official channels where appropriate.
September 2, 2026
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Rupee depreciation in early trade reflected oil-price pressures, risk aversion, higher Treasury yields and broad dollar strength.
Early foreign-exchange trading saw the rupee weaken against the US dollar amid renewed US-Iran tensions, risk aversion, higher Brent crude prices, and a stronger dollar. Safe-haven demand, inflation concerns linked to potential oil-supply disruption, expectations of a September Federal Reserve rate increase, and higher US Treasury yields supported the broad dollar rally. RBI monitoring of the rupee's decline was noted.
September 2, 2026
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Responsible AI governance requires ethical safeguards, privacy protection, accountability and adaptive oversight to build lasting corporate stakeholder trust.
Responsible artificial intelligence governance requires continuous innovation, inclusive development, responsible deployment and trust-based governance. AI systems should be ethical, safe, transparent, fair and human-centric, with safeguards for privacy, bias, security and accountability. Proportionate and adaptive regulation should provide clear accountability, standards, monitoring, auditability and grievance redressal. Good governance, cybersecurity, personal data protection and responsible AI together strengthen organisational resilience, stakeholder trust, transparency and sustainable innovation.
September 2, 2026
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E-auction of surplus public land enables transparent outright sale of RINL parcels through registered, KYC-verified bidding.
National Land Monetization Corporation will facilitate the e-auction and outright sale of 459 encumbrance-free RINL land parcels, including residential plots and parcels suited for commercial and logistics use. Competitive bidding will occur through the RailTel E-Nivida e-procurement platform. Participation requires online registration, KYC verification, and plot-wise submission of an earnest money deposit within prescribed timelines. The process supports transparent monetisation of surplus land and non-core public assets.
September 2, 2026
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Competition approval for infrastructure finance restructuring covers acquisition, minority transfer, investment divestment, and merger of regulated NBFCs.
Competition Commission of India approval applies to the acquisition of Aseem Infrastructure Finance Limited by TPG Nicobar SG Pte. Ltd., a subsequent minority share acquisition by ICICI Bank Limited, and Aseem's divestment of its shareholding in NIIF Infrastructure Finance Limited to National Investment and Infrastructure Fund II. Following the acquisition, Climate Finance India Private Limited is intended to merge into Aseem as the surviving entity. The entities involved include RBI-registered non-deposit taking NBFCs operating in infrastructure finance, investment and credit, and infrastructure debt financing.
September 2, 2026
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Healthcare merger approval enables KCIL to acquire fertility and specialty hospital businesses alongside related equity issuances and investment.
Competition Commission approval covers KCIL's acquisition of up to 100% equity shareholding in AFCPL and 100% equity shareholding in ASHPL. The combination includes KCIL issuing equity shares and optionally convertible debentures to AHLL, representing 9.9% fully diluted shareholding as partial consideration, together with a further KCIL equity investment by Arvon Investments Pte. Ltd. KCIL operates mother and baby care hospitals, while AFCPL provides assisted reproductive treatment and reproductive-medicine services.
September 1, 2026
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Money-laundering investigation into alleged District Mineral Fund diversion examines purported liaison activity and asset acquisition through proceeds of crime.
Money-laundering proceedings under the Prevention of Money Laundering Act concern alleged diversion of District Mineral Fund resources through the Chhattisgarh Seed Corporation. The investigation alleges siphoning of public funds by contractors in collusion with government officials and political executives. A businessman was identified as an alleged liaisoner and financial coordinator between public servants, district authorities and private vendors. Allegations also include receipt of commissions, acquisition of immovable assets from purported proceeds of crime, non-production of records, and contradictory statements during questioning.
September 1, 2026
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Foreign exchange market dynamics: rupee appreciation reflected portfolio inflows, domestic growth, and possible central-bank intervention amid external pressures.
The rupee appreciated against the US dollar, supported by domestic growth, controlled fiscal slippage, portfolio-related inflows and possible Reserve Bank of India intervention. Its gains were limited by weak equity markets, rising crude oil prices and a stronger dollar. External geopolitical tensions and hawkish US monetary signals remained potential pressures. Domestic indicators showed strong economic activity, while the current account deficit widened because of a higher merchandise trade deficit. Foreign portfolio inflows continued despite investors remaining net sellers during the year.
September 1, 2026
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Current account deficit widened as merchandise trade deficit increased, notwithstanding stronger services receipts, remittances, and foreign direct investment inflows.
India's current account deficit widened in the first quarter of 2026-27 as the merchandise trade deficit increased. Higher net services receipts, increased personal transfer receipts and lower net primary-income outgo partly supported the external account. Financial-account movements included higher net foreign direct investment inflows, a shift in foreign portfolio investment from net inflow to net outflow, and lower net inflows through non-resident deposits and external commercial borrowings. Foreign exchange reserves declined on a balance-of-payments basis during the quarter.
September 1, 2026
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Technology-enabled tax compliance and enforcement supported higher commercial tax collections, while GST rate reductions moderated sectoral net GST growth.
Technology-enabled tax administration supported commercial tax and net GST collection growth in Andhra Pradesh during August 2026 and the cumulative period through August. AI-based analytics and scrutiny, IGST reversals, UPI-based enforcement, registration verification, Aadhaar authentication, digital payment enablement, predictive analytics and data sharing strengthened compliance, scrutiny and revenue mobilisation. Petroleum VAT, professional tax, liquor VAT and IGST settlement also increased, while GST rate reductions moderated net GST performance in specified product sectors.
September 1, 2026
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Windfall gains tax on petroleum exports rises for petrol and diesel while aviation turbine fuel levy is reduced.
Special additional excise duty and road and infrastructure cess on petroleum-product exports are revised with effect from 1 September 2026. The export duty on diesel is increased, the levy on aviation turbine fuel is marginally reduced, and a duty is imposed on petrol exports. Existing duty rates for petrol and diesel cleared for domestic consumption remain unchanged. The windfall-tax framework seeks to support domestic fuel availability and deter exporters from benefiting from domestic and international price differences.
September 1, 2026
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Automated Free Sale and Commerce Certificate issuance reduces manual scrutiny while preserving risk-based review for eligible exporters.
DGFT has enabled automated issuance of Free Sale and Commerce Certificates through its portal for eligible exporters of items not covered by the Drugs & Cosmetics Act, 1940. Applications satisfying prevailing framework and automated processing parameters may be issued without manual scrutiny. Applications requiring verification or not meeting those parameters may be routed for manual processing, while auto-approved applications may be flagged later for risk-based review. The mechanism seeks faster, more transparent and predictable processing while retaining necessary oversight.
September 1, 2026
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Five-day banking and equitable performance incentives drive planned nationwide bank union strike amid unresolved pension demands.
United Forum of Bank Unions has proposed nationwide strike action over delayed five-day banking, the performance-linked incentive framework, and unresolved pension demands. Five-day banking was agreed under the 12th Bipartite Settlement/9th Joint Note with extended Monday-to-Friday working hours, but remains pending for implementation. Unions challenge the incentive scheme for departing from a uniform, bank-performance-linked approach and for disproportionately benefiting senior officers. The dispute is under conciliation and pending before the Delhi High Court, while pension updation, a uniform dearness allowance formula, and an old pension scheme option remain unresolved.
September 1, 2026
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Equity market volatility intensified as higher crude prices, geopolitical tensions and tighter monetary expectations weakened domestic investor sentiment.
Indian equity markets closed marginally lower as higher crude oil prices, US-Iran tensions, and expectations of prolonged tight United States monetary policy weakened risk appetite. The phased Closing Auction Session contributed to a late recovery in the benchmark index. Rising crude prices and global bond yields triggered broad-based selling across several domestic sectors, while foreign institutional equity sales and weakness in overseas markets added to pressure despite stronger-than-expected domestic economic growth.
September 1, 2026
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GST revenue collections show higher gross and net receipts alongside increased refunds and state-level settlement data.
GST revenue collections for August 2026 recorded total gross GST revenue of Rs. 1,99,853 crore, reflecting 14.8% growth over August 2025. Total refunds were Rs. 31,795 crore, including domestic refunds and export IGST refunds processed through ICEGATE. After adjustment of refunds, total net GST revenue was Rs. 1,68,057 crore, representing 8.3% growth. SGST collections and the SGST component of IGST settlement were separately identified for States and Union Territories, with post-settlement SGST aggregating Rs. 95,531 crore.
September 1, 2026
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Trade facilitation and customs preparedness feature in AILBIEA's Silver Jubilee knowledge conference on liquid bulk commerce.
AILBIEA's Silver Jubilee programme focuses on trade facilitation, customs modernisation, GST dispute preparedness and maritime-risk issues affecting liquid bulk trade. The Knowledge Conference includes sessions on the Authorised Economic Operator advantage, next-generation customs technology, GST Appellate Tribunal-era dispute preparedness, and geopolitical risks to sea-borne trade. It also marks the launch of AGS 360, integrating port information, vessel tracking, port-call estimates and maritime intelligence.

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Customs & Trade

Sonalika 30 years Sonalika Tractors: 30 Years of ‘Jeetne Ka Dum - A Legacy Forged in Vision, Courage and Commitment

January 12, 2026

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New Delhi [India], January 12: India is a nation blessed with visionary leaders whose wisdom and foresight have transformed industries and taken Indian excellence to the global platform. Sonalika Tractors is the powerful modern embodiment of this spirit, as the brand celebrates 30 years of trust in partnership with farmers powered by an enduring belief of ‘Jeetne Ka Dum’. Sonalika is celebrating its glorious 30 year journey of an impossible Indian success story - how a returned LIC professional from a small town of Hoshiarpur (Punjab) defied all post retirement traditions with the spirit of ‘Jeetne ka Dum.’ With a visionary belief and lifelong commitment of his two passionate sons, he went on to build a globally respected $1.1 bn tractor empire which is also enlisted among Fortune 500 India’s list of largest 500 companies in the country Sonalika’s remarkable 3 decade journey is an exceptional and inspiring Indian success story - one that started in a small town of Hoshiarpur and rises into a globally renowned USD 1.1 billion tractor business. It has also been recognised among Fortune 500 list of India's largest companies. Today, Sonalika stands as India’s No.1 tractor export brand, 3rd largest tractor manufacturer in India - the world’s largest tractor market and the 5th largest tractor brand globally.

The Visionaries Behind Sonalika’s Legacy Sonalika’s story is a family’s vision led by its founder and Chairman, Shri LD Mittal who rooted in a simple yet powerful belief in Indian soil - Indian farmers deserve ‘Jeetne Ka Dum’ - more power, more reliability, more dignity, and technology designed specifically for Indian conditions. After retiring from LIC, when most choose to slow down, Shri Mittal chose to rise. His strong belief in India's agricultural potential was also echoed in his sons, Dr. A. S. Mittal and Dr. Deepak Mittal. Together, they laid the foundation of Sonalika - rooted beyond the boardrooms, in the realities of farms, workshops and farmers. The journey began with agricultural implements, where Sonalika’s threshers redefined reliability and performance. Farmers responded with trust and soon demanded tractors built with the same uncompromising strength.

‘Jeetne Ka Dum’ with Tractors In 1996, when standardisation was prevalent in the tractor industry, Sonalika made a different selection. Despite the lack of advanced R&D centres, it made a bold commitment that tractors would be tailored to India's diverse crop, soil and regional needs. While others made tractors for markets, Sonalika made them for farmers.

This farmer-first philosophy combined with a disciplined decision to remain debt-free shaped Sonalika’s DNA. The Mittals believed that Indian farmers are not one segment, but a nation of regions, climates, cultures, and aspirations. Such is the strength of Sonalika’s engineering and reliability that the very first tractor built by the company over 30 years ago continues to start effortlessly at the first crank of the engine and continues to remain a living symbol of enduring trust.

Building Strength from Within As demand for heavy-duty and customised tractors grew, vendors initially hesitated to support deep modifications due to low volumes. Under the leadership of Vice Chairman Dr. A.S. Mittal, Sonalika responded by building in-house capabilities from 2011 onwards by manufacturing engines, transmissions, gearboxes, sheet metal, and key aggregates internally.

This vertical integration powered Sonalika to regularise high horsepower tractors and introduce bigger engines, power steering, oil-immersed brakes, and multi-speed transmissions even in entry-level models. The brand today also rolls out region-specific customised tractors such as paddy special Mahabali for southern terrains, Chattrapati for Maharashtra, and Maharaja for Rajasthan, alongside a comprehensive range of 70+ farm implements to increase farm productivity.

The Global Breakthrough In view of the increasing demand, Sonalika increased the initial production capacity of its Hoshiarpur plant from 50,000 tractor units to 1 lakh tractor units annually. Yet the Mittals envisioned something far bigger. In 2017, Sonalika commissioned the world’s largest fully integrated tractor manufacturing plant, capable of rolling out one tractor every two minutes through robotic and automated, multi-flex assembly lines. Today, Sonalika develops over 2,000 models across 20–120 HP, catering to both domestic and global markets. The company has also nurtured a thriving MSME ecosystem around Hoshiarpur, generating large-scale employment and creating a global industrial hub. Equally integral has been Sonalika’s expansive dealer and service network that is built on shared prosperity, capability development, and after-sales excellence, ensuring seamless farmer support from purchase to lifecycle service.

India’s No.1 Tractor Export Brand Under the leadership of Managing Director Dr. Deepak Mittal, Sonalika’s customisation philosophy scaled globally. The company exported its first tractor in 2004, became the first Indian brand to export tractors to Europe in 2011, and steadily expanded across Asia, Africa, Latin America, and beyond. In FY’19, Sonalika emerged as India’s No.1 tractor export brand, a position it has held for seven consecutive years. Sonalika today holds an unassailable 30% market share in exports, i.e. every 3rd tractor that is exported from India is rolled out from Sonalika’s Hoshiarpur facility. It is also the mother plant for feeding with CKD kits to 6 strategic assembly plants the brand owns across different of the world. Sonalika today has a dynamic presence across 150+ countries and holds leadership position in 15+ countries in the addressable segment with its ‘Jeetne ka Dum’ Pioneering Transparency As Sonalika ascended to become India’s No. 1 export brand, it remained anchored in the virtue of values. Guided by the values of Sh. Mittal, Sonalika pioneered with a new era of transparency to the Indian agricultural landscape when it became the 1st company in India to unveil its tractor prices on its website in 2022. The brand even took one step further in transparency in 2025 when it again became the 1st company in India to unveil the tractor service cost on its website, providing farmers a lifelong pact of mutual respect and trust.

Future Forward As Sonalika embarks on its next era inspired by the wisdom, values and core beliefs of its founders, the new generation of leadership remains committed to lead the future. The company is prepared to increase its production capacity to 3 lakh tractors per year, which will make Sonalika one of the select global manufacturers producing on an integrated scale. Beyond products, Sonalika is also committed to transform farmer experience through digital platforms, connected diagnostics, and personalised retail engagement by building a seamless solution ecosystem across every touch point.

With strong succession leadership, institutional integrity, and an unrelenting farmer-first commitment, Sonalika’s next 30 years promise global leadership, technological advancement, and a continued legacy of delivering ‘Jeetne Ka Dum’ to farmers worldwide.

(Disclaimer: The above press release comes to you under an arrangement with PNN and PTI takes no editorial responsibility for the same.). PTI PWR

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