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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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    Japan's JCR upgrades India's sovereign rating to 'A-', cites solid growth, improved financial system
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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
Show AI Summary
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

Trump's European threats could make it harder for future US leaders to repair ties

January 22, 2026

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Washington, Jan 22 (AP) Barely a month into his presidency, Joe Biden had a message for Europe.

“America is back,” Biden told the Munich Security Conference in 2021. “The transatlantic alliance is back.” It was a promise Biden delivered often as he sought to cast the disruptions of his predecessor, Donald Trump, as an anomaly. But nearly five years later, Biden's assurances have proven short-lived.

In his second term, Trump has cast aside alliances forged over seven decades with Europe that helped lead to the reunification of Germany and the collapse of the Soviet Union. He has hectored leaders, making demands and levelling accusations more commonly associated with enemies. In the process, he has rocked the stability that has sustained the relationships and left countries to chart a course without US leadership.

The most stark example of this shift has been Trump's threat to take over Greenland, dismissing the nation as a large “piece of ice” as he demanded that Denmark cede control to the US, a move that could have caused NATO to rupture.

He called Denmark, which had the highest per capita death toll among coalition forces in Afghanistan, “ungrateful” for US protection during World War II. He posted private text messages that showed European leaders trying to court him. Trump shared images of himself planting the US flag in Greenland and, in an extraordinary speech at the World Economic Forum in Davos, said Europe was “not heading in the right direction.” At one point, he said that “sometimes you need a dictator.” Then, hours later, he announced a “framework of a future deal” on Arctic security. Following a long pattern, however, he offered scant details.

An uncertain standing for the US in the world ------------------------------------------------------ Though Trump has, for now, backed away from his most potent threats to obtain Greenland, the episode has left America's standing in the world uncertain.

NATO leaders already were responding to Trump's threats by signalling strategies that don't include the US That could make it much harder for the next president — whether they are a Democrat or Republican — to attempt the same type of reputational repair that Biden sought.

“To an extent, things can be improved,” said Jon Finer, who was Biden's deputy national security adviser and is now a distinguished senior fellow at the Centre for American Progress. “But they will never be the same in large part because I think any country that is behaving rationally in terms of its relationship with the United States will realise that we can only be counted on in four-year increments, if at all." Canadian Prime Minister Mark Carney, who parried Trump's gambit to make Canada the 51st state, has already set out on a more independent path. In Davos, Carney was candid that the notion of the longstanding rules-based order was an “illusion.” “Let me be direct: We are in the midst of a rupture, not a transition,” Carney said as he called on so-called middle powers to “act together.” Unable to reach a deal with Trump to cut tariffs, Carney was in Beijing last week meeting with President Xi Jinping and brokering a deal that cut levies on Chinese electric cars in return for lower tariffs on certain agricultural and food products, including Canadian canola, lobsters and crab. While there, he said ties between Ottawa and Washington were “much more multifaceted” than with Beijing, but added “the way our relationship has progressed in recent months with China, it is more predictable.” Over the weekend, the European Union and the Mercosur bloc of South American countries formally signed a long-sought free trade agreement, which European Commission President Ursula von der Leyen portrayed as a bulwark against the Trump administration. EU lawmakers narrowly voted on Wednesday to hold up the deal for now.

European leaders were unsparing ----------------------------------------- Ahead of Trump's appearance in Davos, European leaders were unsparing, using language that until recently would have been unthinkable in relation to a dispute with the US French President Emmanuel Macron cautioned against colonial adventures, warning of “a shift towards a world without rules.” Belgian Prime Minister Bart De Wever said, “so many red lines have been crossed,” adding, “being a happy vassal is one thing. Being a miserable slave is something else. If you back down now, you're going to lose your dignity.” This moment was also notable for the criticism of Trump from longtime allies on the right. In the UK, Nigel Farage said in an interview with US House Speaker Mike Johnson that he understood the security issues Trump was raising in the Arctic. But he added that Trump's approach amounted to the “biggest fracture” in the transatlantic relationship in decades.

“To have a US president threatening tariffs unless we agree that he can take over Greenland, by some means, without it seems even getting the consent of the people of Greenland, I mean, this is a very hostile act,” Farage told Johnson.

Jordan Bardella, president of Marine Le Pen's far-right National Rally party in France and a European Parliament lawmaker, posted that the EU should suspend last year's tariff deal with the US, describing Trump's threats as “commercial blackmail.” Trump mostly has support from the GOP in Congress -------------------------------------------------------------- Congressional Republicans so far have largely supported Trump — or stayed silent.

House Foreign Affairs Committee Chairman Brian Mast likened the dispute to “a hard conversation" and questioned the long-term consequences. Trump used his 2025 State of the Union address to express a desire to reclaim the Panama Canal.

“If you went back exactly one year, you might say, ' Man, the tensions with Panama were the worst they'd ever been,'” said Mast, a Florida Republican. “Panama came in last week, things were the best that they'd ever been because we had some really tough conversations with each other that we needed to have.” The most pointed concerns from inside the GOP have largely come from those who aren't running for reelection this year, including Rep. Don Bacon of Nebraska, who said on Wednesday that “all of this has been totally unnecessary.” “Threatening Greenland with force was absurd,” he said.

For their part, Democrats have encouraged a more robust response — both from Europe and in the US California Gov. Gavin Newsom, a potential Democratic presidential candidate in 2028, was in Davos this week and blasted Europeans for focusing on diplomatic efforts ahead of Trump's appearance.

“Diplomacy with Donald Trump?” he said. “He's a T. rex. You mate with him, or he devours you.” In an interview, Rep. Gregory Meeks, the top Democrat on the House Foreign Affairs Committee, said it “may take some time” for a future president to rebuild trust with allies. But he argued a full recovery in global relationships may require a more lasting shift in US politics.

Allies will “continue to hold their breath until you have two consecutive elections when we know we have a president that is going to stick by our institutions,” he said. “Everybody's just looking at us now as a nation and trying to see where we will be.” (AP) SKS SKS

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