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    Gross and Net GST revenue collections for the month of September, 2026
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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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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.

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Maharashtra votes for high-stakes civic polls on Jan 15; Mumbai key battleground

January 14, 2026

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Mumbai, Jan 14 (PTI) As Maharashtra heads to the elections on Thursday for 29 municipal corporations, the spotlight is firmly on Mumbai, where the BJP-led Mahayuti is locked in a keen battle with the united Thackeray cousins Raj and Uddhav for control of the cash-rich BMC.

Polling for the 2,869 seats spread across 893 wards will begin at 7.30 am and end at 5.30 pm. A total of 3.48 crore voters are eligible to decide the fate of 15,931 candidates. In the Brihanmumbai Municipal Corporation (BMC), whose annual budget is over Rs 74, 400 crore, 1,700 candidates are vying for 227 seats in elections being held after a four-year delay.

Except for Mumbai, the other urban bodies have multi-member wards. Vote count will take place on January 16.

The polls, being held after a gap of several years due to various legal and administrative delays, are being seen as a "mini-assembly" battle that will test the ground strength of the split factions of the Shiv Sena and the NCP, as well as the electoral prowess of the ruling Mahayuti and the Congress.

Chief Minister Devendra Fadnavis, who spearheaded the campaign for BJP-led Mahayuti, has predicted that MNS leader Raj Thackeray would emerge as the biggest loser in his alliance with cousin and Shiv Sena (UBT) president Uddhav.

He dismissed the coming together of rival NCP factions in Pune and Pimpri Chinchwad as merely a localised development.

The CM led the ruling alliance’s canvassing, traversing the state to campaign for candidates of the Mahayuti, which includes his party BJP and the Eknath Shinde-led Shiv Sena.

These are the first BMC polls since the 2022 split in the Shiv Sena when Eknath Shinde broke away with a majority of the party’s MLAs. The undivided Shiv Sena held sway over India's richest civic body for 25 years (1997-2022).

More than 25,000 police personnel will be deployed across Mumbai to oversee elections to the BMC and vote counting.

In a significant political turn ahead of the elections, estranged cousins Uddhav and Raj Thackeray reunited after two decades in their bid to consolidate Marathi votes even as rival NCP factions forged a local alliance in Pune and Pimpri-Chinchwad.

The Congress has asserted its presence in Mumbai by stepping out of the shadow of its Maha Vikas Aghadi allies - Shiv Sena (UBT) and NCP (SP). The Congress has joined hands with Prakash Ambedkar’s Vanchit Bahujan Aghadi (VBA) and the Rashtriya Samaj Paksh in the state capital, even as it contests independently in Nagpur.

Elections to 29 municipal corporations are being held after a gap of over 6 years, with their terms having ended between 2020 and 2023. Of these, nine fall within the Mumbai Metropolitan Region (MMR).

The cities and towns going to polls are: Chhatrapati Sambhajinagar, Navi Mumbai, Vasai-Virar, Kalyan-Dombivli, Kolhapur, Nagpur, Mumbai, Solapur, Amravati, Akola, Nashik, Pimpri-Chinchwad, Pune, Ulhasnagar, Thane, Chandrapur, Parbhani, Mira-Bhayandar, Nanded-Waghala, Panvel, Bhiwandi-Nizampur, Latur, Malegaon, Sangli-Miraj-Kupwad, Jalgaon, Ahilyanagar, Dhule, Jalna and Ichalkaranji.

Fadnavis, along with his deputies Shinde and Ajit Pawar, campaigned across Maharashtra, while cousins Uddhav and Raj Thackeray concentrated their efforts on Mumbai, Thane, Nashik, and Chhatrapati Sambhajinagar.

Telangana minister Mohammad Azharuddin, AIMIM chief Asaduddin Owaisi and Tamil Nadu BJP leader K Annamalai were also among the star campaigners.

Populist promises for women were key features of the manifestos of both Mahayuti and the Shiv Sena (UBT)-MNS.

The Mahayuti has promised a 50 per cent concession for women in BEST bus travel, while the Thackeray cousins have assured a Rs 1,500 monthly allowance for women domestic helps and a property tax waiver on houses up to 700 sq ft.

The Congress manifesto, by contrast, prioritises combating Mumbai’s pollution, upgrading the BEST fleet, and strengthening the city’s financial health.

The race for Mumbai’s mayoral post took centre stage in the campaign, with the BJP claiming that a Sena (UBT) victory could lead to a Muslim mayor, a charge the Uddhav Thackeray-led party countered by assuring voters of a Marathi mayor.

Fadnavis also guaranteed that the next mayor will be a "Hindu and Marathi".

In Mumbai, the BJP is contesting on 137 seats, the Shiv Sena 90, while the NCP is fighting separately on 94 seats. The Shiv Sena (UBT) has fielded 163 candidates, the MNS 52, the Congress 143 and the VBA 46. The Congress has fielded 1,263 candidates across the rest of the state.

Mumbai will see several prominent candidates battling it out for supremacy in civic polls. These include former MLA Sada Sarvankar's son and Shiv Sena candidate Samadhan, who is contesting from Ward 194 in Worli, the constituency of Shiv Sena (UBT) MLA Aaditya Thackeray.

Sada Sarvankar's daughter Priya Gurav Sarvankar is contesting from Ward 191 (Mahim). Saurabh Ghosalkar (Shiv Sena-UBT), son of former MLA Vinod Ghosalkar, is contesting from Ward 7 (Dahisar).

Nishikant Shinde (Shiv Sena-UBT), brother of Shiv Sena (UBT) MLC Sunil Shinde, is locked in a prestige battle in Central Mumbai. Assembly Speaker Rahul Narwekar's relatives Makrand, Harshita and Gauravi Shivalkar are in the fray in different wards in Colaba.

Shiv Sena (UBT) MLA Sunil Prabhu's son and BJP leader Kirti Somaiya's son Neil are also in the fray. Former mayors who are once again in the poll ring include Kishori Pednekar, Shraddha Jadhav, Milind Vaidya and Vishakha Raut.

Several leaders who lost Assembly or parliamentary polls are also in the ring. Yamini Jadhav (Shiv Sena), who lost in the 2024 Lok Sabha and assembly polls, is contesting from Ward 209 (Byculla). Praveena Morajkar (Shiv Sena-UBT), an ex-corporator and assembly poll candidate, is contesting from Ward 169 (Kurla). PTI MR GK RSY

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