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    GST collections surge to record high of Rs 2.43 lakh cr in April
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May 1, 2026
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GST collections hit record high as import-led revenues outpace domestic growth under the restructured tax regime.
Gross GST collections rose to a record high in April, driven by stronger import-linked revenues and moderate growth in domestic transactions. Net GST collections also increased after refunds were adjusted, indicating continued revenue expansion under the restructured GST regime. The article notes that post-GST 2.0 rate rationalisation, slab simplification, and technology-led administration have coincided with steady monthly growth, while import-led receipts have continued to outpace domestic collections.
May 1, 2026
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GST revenue collections for April 2026 show gross, refund and net figures alongside state-wise settlement and domestic collection tables.
Gross GST revenue for April 2026 is broken into domestic collections and import IGST collections, with separate reporting of refunds and net revenue under CGST, SGST and IGST. The figures are provisional and may vary slightly on finalisation. The document also presents State-wise SGST and the SGST portion of IGST settlement amounts, along with State-wise domestic collections by Central and State formations, GSTIN counts and growth figures.
May 1, 2026
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Bilateral trade and economic cooperation expand as India and Tanzania deepen sectoral collaboration across trade, energy, health, and infrastructure.
Bilateral trade and economic cooperation between India and Tanzania were reviewed through the 5th Session of the Joint Trade Committee, with both sides reaffirming a commitment to strengthen trade, investment, and institutional dialogue. A range of cooperation areas was identified, including local currency trade settlement, long-term business visas, pharmaceuticals, health, education, shipbuilding, mining, digital public infrastructure, e-commerce, agriculture, fisheries, healthcare, transport, renewable energy, and market access issues such as tariffs, phytosanitary measures, and regulatory procedures.
May 1, 2026
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Anti-money laundering enforcement strengthened to curb financial crimes, protect common money, and ensure bias-free investigation.
The Enforcement Directorate's expanded powers under the anti-money laundering framework are presented as a response to money laundering, hawala, benami assets, corporate fraud and terror funding, and not as a tool to target any person. The account stresses zero tolerance for corruption, equal application of law, bias-free investigation, timely filing of chargesheets, and asset attachment and restoration to legitimate owners such as banks, investors and home buyers.
May 1, 2026
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Capital expenditure priority continues despite fiscal stress, as fuel duty changes and export controls aim to balance prices and supply.
Government expenditure policy remains focused on preserving the budgeted capital expenditure push despite fiscal stress arising from global uncertainty and higher crude oil prices. The planned capital outlay is to be maintained to support growth momentum, with priority sectors identified as highways, railways, shipping, ports and urban development. Recent excise duty cuts on petrol and diesel, along with export duties on diesel and aviation turbine fuel, reflect a balancing of price containment, domestic availability and revenue considerations.
May 1, 2026
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RoDTEP schedule alignment updates customs tariff mapping to reduce classification ambiguity and streamline export benefit processing.
The Department of Commerce has revised the RoDTEP schedules to align Appendix 4R and Appendix 4RE with the amended Customs tariff structure under the First Schedule to the Customs Tariff Act, 1975, as updated by the Finance Act, 2026. The revision realigns RoDTEP tariff lines with the updated customs nomenclature, covering additions, deletions and description changes, and is intended to support implementation of RoDTEP benefits in the Customs Automated System, reduce classification ambiguity and maintain consistency between customs tariff entries and RoDTEP schedules.
May 1, 2026
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Startup ecosystem collaboration boosts innovation, global linkages, and support services for recognised startups.
A Memorandum of Understanding between the Department for Promotion of Industry and Internal Trade and Chamber India is directed toward strengthening the startup ecosystem through innovation-led growth, deeper engagement among startups, corporates, investors, and global stakeholders, and expanded international and cross-border collaboration. DPIIT-recognised startups are to receive concessional Chamber membership with a rebate, together with access to export facilitation, IPR advisory, business matchmaking, and participation in global delegations.
May 1, 2026
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Export duty on petroleum products revised as fortnightly levy review keeps petrol nil and raises diesel and ATF export charges.
Revised Special Additional Excise Duty and Road and Infrastructure Cess rates have been notified for exports of petroleum products for the fortnight beginning 1 May 2026. Diesel exports attract duty of Rs. 23 per litre as SAED only, aviation turbine fuel exports attract Rs. 33 per litre as SAED only, and petrol exports continue to attract nil duty. The export levies are reviewed fortnightly on the basis of average international prices, while domestic excise duty rates on petrol and diesel remain unchanged.
May 1, 2026
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Unified Payments Interface scales India's digital payments ecosystem with massive adoption, interoperability, and financial inclusion.
Unified Payments Interface (UPI) has expanded over a decade into India's backbone digital payments infrastructure under NPCI and RBI oversight, with broad bank onboarding and wide merchant and person-to-person adoption. The system is described as a major driver of financial inclusion and high-frequency retail payments, supported by interoperability across banks and payment participants. UPI's scale is reflected in sharp growth in transaction volume and value, including daily and monthly record levels in 2025 and FY 2025-26, along with a large share of India's digital payments and nearly half of global real-time payment volume.
May 1, 2026
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GST collections rise to a record high as April revenue shows a strong monthly increase in tax receipts.
Gross GST collections rose by 8.7 per cent in April to a record high, according to government data, reflecting a strong increase in tax revenues during the month. The reported collection level was the highest recorded for the period covered by the update, and the note presents the rise as part of the latest monthly GST revenue position.
May 1, 2026
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GST collections reach record high as domestic receipts, import-linked inflows, and net mop-up all rise in April.
Gross Goods and Services Tax collections rose to a record high in April, with overall receipts increasing year on year. Domestic transaction revenues registered a moderate increase, while collections from imports rose sharply. Refunds also increased during the month, but net GST mop-up remained higher after adjustment for refunds.
May 1, 2026
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Crypto currency frauds and terror financing emerge as new enforcement focus areas for the agency.
The Enforcement Directorate identified crypto currency frauds, terror financing, cyber-enabled crimes and narcotics trafficking as its new focus areas, while noting a decline in bank and real estate frauds after implementation of the Insolvency and Bankruptcy Code and the Real Estate (Regulation and Development) Act. It also reported filing 812 chargesheets and 155 supplementary chargesheets during 2025-26, a 94 per cent conviction rate, pending money laundering trials, and restitution of assets to victims of financial fraud under the Prevention of Money Laundering Act, the Fugitive Economic Offenders Act and the civil provisions of the Foreign Exchange Management Act.
May 1, 2026
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Trade barriers and tariff reduction shape the provisional EU-Mercosur deal, alongside safeguard clauses and legal challenge.
The EU-Mercosur trade agreement has taken provisional effect, beginning a gradual reduction of trade barriers and tariffs and opening wider market access for exporters and businesses on both sides. The deal is subject to a legal challenge before the EU judiciary and may be halted if the court rules against it. It preserves economic safeguard clauses for sensitive sectors such as poultry, beef, sugar and fruit while facing opposition over competition, environmental standards and market disruption.
May 1, 2026
Show AI Summary
Windfall gains tax on fuel exports reduced as diesel and aviation turbine fuel duties are revised downward.
Windfall gains tax on exports of diesel and aviation turbine fuel was reduced, with the special additional excise duty on diesel exports cut to Rs 23 per litre and on aviation turbine fuel to Rs 33 per litre. The road and infrastructure cess on diesel exports was made nil for the next fortnight, and the duty on petrol exports remained nil. No change was made in the existing excise duty rates applicable to petrol and diesel for domestic consumption.
April 30, 2026
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FDI automatic route rules are being eased for foreign companies with limited Chinese shareholding, alongside faster processing for key sectors.
Foreign companies with Chinese or Hong Kong shareholding of up to 10 per cent are to be permitted to invest in India under the automatic route in sectors where foreign direct investment is allowed, subject to notification under FEMA. The relaxed regime does not extend to entities registered in China, Hong Kong, or other land-border countries, and earlier mandatory government approval requirements are being revised accordingly. FDI proposals in specified manufacturing-related sectors are to be processed within 60 days, and older proposals under the earlier framework are being reviewed for possible investment on intimation basis.
April 30, 2026
Show AI Summary
Reproductive rights and legal administration take centre stage as the Supreme Court flags pregnancy termination, airfare regulation, and tribunal delays.
The Supreme Court highlighted issues concerning reproductive rights, airfare regulation, mediation in a commercial dispute, court strikes, professional misconduct, and insolvency delays. It said a child cannot be forced to bear a pregnancy and urged amendment of the law to permit termination by rape survivors beyond 20 weeks, sought a Centre affidavit on airfare guidelines, appointed a sole mediator in a textile project dispute, and took note of delays and administrative concerns in judicial and quasi-judicial processes.
April 30, 2026
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Fake Aadhaar racket enforcement exposes organised identity document forgery and illegal preparation of forged documents.
Police action against an alleged fake Aadhaar and forged-document racket led to the arrest of three persons operating an illegal setup to prepare identity documents. The search resulted in recovery of a fingerprint scanner, laptops, a hard disk, a scanner, multiple Aadhaar cards and other suspicious documents, indicating organised misuse of identity-document systems. Interrogation suggested that the group had been engaged in preparing fake identity documents for some time and was using the activity to deceive people and earn unlawful gain.
April 30, 2026
Show AI Summary
Investment facilitation and manufacturing confidence drive grounded projects, diversified inflows, and large-scale job creation across multiple states.
Invest India facilitated the grounding of 60 projects worth over USD 6.1 billion in Financial Year 2025-26, spanning 14 states and expected to generate more than 31,000 jobs. The investment inflow was led by Europe, with participation from the United States, Japan, South Korea, Australia, and other markets, while emerging source countries reflected diversification in the investment base. The facilitation model covers the full investment lifecycle, supports joint ventures, and builds integrated industrial ecosystems. Chemicals, pharmaceuticals and biotechnology, and food processing accounted for a major share of grounded investments, alongside activity in electronics system design and manufacturing, aerospace and defence, and auto/EV.
April 30, 2026
Show AI Summary
Basmati farming training and AI-based crop survey initiatives expand capacity building, varietal assessment and export planning.
A 70-year lease arrangement has been concluded for the development of a Basmati & Organic Training Centre-cum-Demo Farm at Tanda Bijaisi, Pilibhit, involving APEDA, the Department of Agriculture and the Government of Uttar Pradesh. The proposed facility will support capacity building for Basmati and organic farmers and function as a resource centre for agricultural experts and students. India's first AI-based Basmati Paddy Survey project has also been launched for crop assessment, varietal identification, scientific advisory support and export planning.
April 30, 2026
Show AI Summary
Stressed asset resolution gains pace as NARCL expands acquisitions and accelerates recoveries across large borrower accounts.
National Asset Reconstruction Company Limited (NARCL) has expanded its stressed asset resolution role by acquiring 33 borrower entities with aggregate debt exposure of Rs.1,65,862 crore and participating in resolution processes under the Insolvency and Bankruptcy Code. FY 2025-26 saw accelerated recoveries, with Rs.4,364 crore realised during the year and cumulative recoveries reaching Rs.6,345 crore across 23 accounts, while further recoveries remain underway.

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Customs & Trade

India, Netherlands elevate ties to strategic partnership; ink 17 pacts on defence, critical minerals, other sectors

May 17, 2026

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The Hague, May 17 (PTI) Driven by shifting global geopolitics, India and the Netherlands elevated their ties to a strategic partnership and inked 17 agreements to boost cooperation in defence, critical minerals and other key sectors during talks between Prime Minister Narendra Modi and his Dutch counterpart Rob Jetten.

In their meeting on Saturday evening, the two prime ministers expressed deep concern over the situation in West Asia, especially its serious implications for the region and beyond in view of disruptions caused to the global energy supplies and trade networks.

Modi and Jetten also called for freedom of navigation and global flow of commerce through the Strait of Hormuz, while opposing any "restrictive" measures, and reaffirmed their support for ongoing initiatives in this regard, according to a joint statement.

Roughly one-fifth of global energy supplies pass through this narrow waterway, where shipping has been severely disrupted since February 28, after the US and Israel launched a joint attack on Iran, triggering retaliatory strikes.

The two leaders also discussed the situation in Ukraine - marked by the ongoing conflict with Russia and regional security developments.

They agreed to continue supporting efforts towards the achievement of comprehensive, just and lasting peace in Ukraine through dialogue and diplomacy, based on the principles of the UN Charter and international law, the joint statement said.

On the subject of Ukraine, the two sides also expressed concern over the ongoing war, which continues to "cause immense human suffering and carries global consequences", it said.

Modi landed in The Hague on Friday on a two-day visit as part of a four-nation trip to Europe - which also includes Sweden, Norway and Italy - aimed at ramping up bilateral ties on a range of key areas.

Following the Modi-Jetten talks, India and the Netherlands unveiled a "strategic partnership roadmap" to boost ties in trade and investment, defence and security, critical and emerging technologies, including semiconductors, space, AI and quantum computing.

The two leaders also launched an ambitious "India-Netherlands roadmap on the development of green hydrogen".

Modi and Jetten agreed to explore possibilities of establishing a defence industrial roadmap to ensure joint manufacturing of defence equipment, systems, components and other key capabilities through transfer of technology and setting up of joint ventures.

The Netherlands is one of India's largest trading destinations in Europe, with bilateral trade touching USD 27.8 billion in 2024-25.

The European nation is India's fourth largest investor with cumulative foreign direct investment of USD 55.6 billion.

The Netherlands, with its world class logistics network, also serves as a strategic gateway to Europe for Indian exporters, mainly through the Port of Rotterdam.

In the talks, the two sides also agreed to enhance cooperation in science and innovation, sustainability, health, agriculture, water management, climate change, energy transition, maritime development and people-to-people ties.

The agreements inked between the two sides will provide for boosting cooperation in areas of semiconductors, critical minerals, health, water, renewable energy, agriculture and culture among others, according to the Ministry of External Affairs (MEA).

A key pact signed following the Modi-Jetten meeting was one on migration and mobility, which is expected to facilitate movement of Indians to the European nation for jobs and education.

While deliberating on geopolitical developments, the two leaders called for a free, open and peaceful lndo-Pacific, based on respect for international law, sovereignty and territorial integrity, freedom of navigation and "absence of coercion and conflicts", according to the joint statement.

The remarks came against the backdrop of growing global concerns over China's increasingly assertive behaviour in the region.

Recognising the strategic importance of critical minerals for continued innovation, the two prime ministers expressed their mutual interest in strengthening cooperation across the critical minerals value chain, including exploration and integration of value chains.

China currently dominates the global critical minerals supply chain, controlling not only the extraction but also the refining, processing and intermediate manufacturing of more than 15 essential minerals.

Both leaders also welcomed an initiative to connect the Dutch Semicon Competence Centre to the Indian Semiconductor Mission, which aims to support and strengthen the semiconductor sector, the joint statement noted.

On enhancing overall two-way trade, Modi and Jetten emphasised the immense potential for further growth particularly in light of opportunities arising from the India-EU Free Trade Agreement, which was signed earlier this year.

"They agreed that the free trade agreement will strengthen political and economic ties between the world's second and fourth largest economies, at a time of rising geopolitical tensions and global economic challenges," the joint statement said.

In the meeting, Modi thanked Jetten for the continued Dutch support to India's permanent membership of a reformed and expanded UN Security Council.

According to the joint statement, Jetten strongly condemned the heinous and abhorrent Pahalgam terrorist attack in April 2025 - in which 26 people were killed - and extended his country's unwavering support to India in its fight against terrorism, including cross-border terrorism.

The two prime ministers unequivocally condemned terrorism in all its forms and manifestations and called for a "zero tolerance" approach to combat terrorism and rejected double standards in countering the menace, it said.

"There has been significant progress in India-Netherlands ties in the last one decade," Modi said in his televised opening remarks during the meeting with Jetten.

The prime minister said India considers the Netherlands among its most important partners as the historical and people to people relations between the two sides are "deep" rooted.

"Democratic values, market economy and responsible behavior are part of our common approach. Our cooperation in areas of water, healthcare and education has been making the lives of our people better," he said.

Modi also highlighted India's economic growth.

The prime minister suggested that there should be convergence of the Netherlands' expertise and India's "speed and skill" in every sector.

"We need to take our cooperation in areas of innovation, investment, sustainability and defence to new heights. Under this common vision, we are taking India-Netherlands relations to the level of strategic partnership," Modi said. PTI MPB ABD ABD

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