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October 7, 2026
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Transparent land e-auction procedures support bidder preparedness through mock training, registration and earnest-money requirements for phased asset monetisation.
National Land Monetization Corporation is facilitating a two-phase e-tender-cum-e-auction of 459 encumbrance-free land parcels of Rashtriya Ispat Nigam Limited through the RailTel E-Nivida e-Procurement Platform. Participation requires registration, fulfilment of prescribed requirements and submission of earnest money deposit within the applicable deadlines. Physical and online mock e-auction training familiarises prospective bidders with the bidding interface and participation procedure. Investor outreach provides information on plot details, eligibility requirements, registration and bidding conditions.
October 7, 2026
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Preventive narcotics outreach promotes drug awareness, community participation, and sustainable livelihood alternatives to discourage illicit cannabis cultivation.
Preventive outreach in Malana village promoted drug awareness, youth engagement, community participation and alternative development in an area associated with illicit cannabis cultivation. Residents were sensitised to the harmful effects of cannabis, charas and hashish oil consumption and encouraged to pursue sustainable alternatives, including apiculture, animal husbandry, dairy activities and tourism. Community discussions addressed livelihood barriers, ecological concerns, and commitments to refrain from drug consumption and discourage illicit cannabis cultivation.
October 7, 2026
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Cross-border financial cooperation guides work on market access, sustainable finance, fintech safeguards, and payment interoperability.
India-UK financial-markets cooperation covers capital-market connectivity, cross-border listings, investor access and development of GIFT IFSC as an international financial centre. Engagement also addresses insurance, pensions, asset management, sustainable-finance disclosures and cross-border investment. Fintech cooperation includes digital public infrastructure, central bank digital currencies, data exchange, responsible artificial intelligence, fraud prevention, cyber security and operational resilience. Cross-border payments work prioritises reduced frictions, transparency, efficiency and interoperability of electronic payment infrastructures.
October 7, 2026
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Investment commitments and tariff predictability under India-EFTA TEPA support market access, supply-chain planning, and long-term bilateral trade.
India-EFTA TEPA establishes reciprocal market-access commitments, with EFTA coverage extending to most Indian exports and full coverage for non-agricultural products. Tariff predictability is intended to support investment planning, supply-chain development and longer-term business partnerships. Agricultural opportunities may arise where duties have been reduced to zero. Article 7.1 includes an investment commitment under which the EFTA States are to aim to increase foreign direct investment into India and facilitate employment generation within specified implementation periods.
October 7, 2026
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Foreign investment engagement focuses on expanded partnerships across financial services, manufacturing, insurance, and emerging technologies in India.
India-U.S. trade and investment engagement was pursued through discussions with leading United States companies on expanding investment, partnerships and commercial operations in India. Financial-sector discussions addressed private equity, asset and wealth management, insurance, and financial services, including prospective engagement aligned with the objective of insurance access for all by 2047.
October 7, 2026
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Calibrated monetary tightening restricts near-term rate cuts as elevated inflation and broadening price pressures require continued policy vigilance.
Monetary Policy Committee increased the policy repo rate under the liquidity adjustment facility by 25 basis points to 5.50 per cent and changed the stance to calibrated tightening. The standing deposit facility rate became 5.25 per cent, while the marginal standing facility rate and Bank Rate became 5.75 per cent. The stance excludes near-term rate cuts; future action may comprise a rate hike or pause, contingent on growth, inflation, underlying price pressures, second-round effects and demand impulses.
October 7, 2026
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Index of Services Production expansion proposes broader service-sector coverage through education, health, residential care, public administration and defence.
The Index of Services Production is proposed to expand beyond its initial formal-sector coverage, which relies on high-frequency administrative data and GST outward-supplies data. Education, Human Health and Residential Care, and Public Administration and Defence are proposed for inclusion. Their incorporation would increase coverage of services-sector Gross Value Added and support aggregation of sub-sectoral indices into a unified measure of short-term services-sector movements. Stakeholder views are invited on the proposed methodology.
October 7, 2026
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Cross-border gold smuggling enforcement addresses concealed foreign-origin gold transport through customs seizure, arrest, and investigation of organised networks.
Intelligence-led customs enforcement targeted cross-border gold smuggling through surveillance and interception of four persons travelling from a border route. Personal searches recovered foreign-origin gold biscuits concealed in specially tailored cloth waist belts. Seventy-two gold biscuits were seized under relevant provisions of the Customs Act, 1962, and the four persons were arrested. Investigation continues into organised networks and wider syndicates involved in the movement and distribution of smuggled gold.
October 6, 2026
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Financial inclusion drives digital lending, insurance claim awareness, portal enrolment, and banking access for marginalised sections.
Banks were urged to expand brick-and-mortar branches and banking correspondent coverage in unbanked villages, strengthen digital outreach, and implement end-to-end digital loan processing. Working-capital lending for micro-enterprises through UPI-linked credit lines and credit cards was highlighted. Banks were also directed to increase awareness of insurance claim eligibility, exercise care in claim-related grievance handling, and enrol new PMJJBY and PMSBY beneficiaries through the Jan Suraksha portal.
October 6, 2026
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SME growth equity fund targets scalable enterprises, prioritising manufacturing and industrial clusters to strengthen investment, productivity and competitiveness.
Union Cabinet approval commits Rs.10,000 crore towards establishment of the SME Growth Fund as an Alternative Investment Fund framework for direct equity investment in small and medium enterprises. The initiative is intended to catalyse long-term, patient growth capital for SMEs and address the identified shortage of equity financing for enterprises beyond the early stage, where existing equity-support funds predominantly serve micro and early-stage businesses.
October 6, 2026
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Integrated transport planning framework establishes an SPV for national master planning, major-project appraisal, monitoring, and transport data analytics.
Integrated Transport & Logistics Authority will function as a special purpose vehicle for integrated transport and logistics planning, research, technical project appraisal, monitoring, policy support and data analytics. It will prepare a long-term National Transport Master Plan, assess sectoral and annual plans for alignment and multimodal integration, technically appraise and monitor specified major infrastructure projects, and undertake impact assessments. It will also maintain a unified transport data repository and support logistics-policy review, capacity building, training, skilling, research and innovation.
October 6, 2026
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Corporate social responsibility should shift from statutory compliance to needs-based, evidence-led collaboration with impact assessment and technology-enabled monitoring.
CSR is grounded in trusteeship and in companies' responsibilities to employees, communities and the environment, rather than shareholders alone. The framework includes the Unspent CSR Account, multi-year projects, certification of fund utilisation and impact assessment. CSR is intended to leverage corporate resources, technology and expertise, rather than merely supplement public expenditure. Needs-based project selection, community participation, need and social-impact assessment, implementing-agency capacity, resource pooling and technology-enabled monitoring are emphasised to move from compliance and spending towards evidence-based transformation.
October 5, 2026
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Financial stability requires targeted oversight and system-wide resilience against interconnected debt, leverage, cyber, technology, and cross-border shocks.
Financial stability is pursued by strengthening resilience rather than preventing every shock. The framework combines prudent regulation, risk-based supervision, stress testing, countercyclical macroprudential measures, targeted temporary liquidity assistance and resolution. Monetary policy remains directed to price stability, while financial-stability risks are addressed through regulatory, supervisory and macroprudential tools. System-wide resilience requires sound banks and NBFCs, reliable payment and technology infrastructure, robust data on interconnected exposures, scenario analysis, credible safety nets, and proactive proportionate oversight of cyber, model and third-party risks.
October 5, 2026
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Drug-abuse prevention awareness promotes informed refusal, resistance to peer pressure, community participation, drug-de-addiction pledges, and healthy drug-free lifestyles.
Drug-abuse prevention awareness in opium-cultivation areas focused on the harms of opium, cannabis and other illicit drugs, informed refusal at first exposure, resistance to peer pressure, and prevention of progression from use to dependence. Programmes for students, cultivators and residents used interactive sessions, campaign banners, community pledges, Gram Sabha participation and cleanliness drives to promote healthy drug-free lifestyles, community participation and collective action against addiction.
October 5, 2026
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WASH-focused social bond financing mobilises capital for safe water, sanitation and hygiene access in rural and underserved communities.
NABKISAN Finance Limited listed India's first social bond dedicated exclusively to water, sanitation and hygiene on the National Stock Exchange. The five-year issue raised Rs. 180 crore, carries an 8.10% coupon, matures in September 2031, and holds domestic AAA stable credit ratings. Proceeds are earmarked for safe water, sanitation and hygiene solutions in rural and underserved communities.
October 5, 2026
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NDPS Act drug-trafficking enforcement enabled seizures of amphetamine, cocaine and heroin through intelligence-led interceptions and concealed-consignment detection.
NDPS Act enforcement involved three intelligence-led operations addressing trafficking of amphetamine, cocaine and heroin. Searches of a vehicle's spare tyre, chocolate tubes in cabin baggage, and a backpack carried in a car-pooling taxi revealed concealed substances that tested positive through field-testing kits. The amphetamine, cocaine and heroin were seized, along with the vehicle in the amphetamine operation, and five persons were arrested under the NDPS Act, 1985.
October 3, 2026
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Multistate GST registration enables normal taxpayers to submit common information once for simultaneous State and UT applications.
Multistate Registration enables normal taxpayers seeking GST registration under the same PAN in more than one State or Union Territory to apply simultaneously. A Master TRN is generated after selection of the intended jurisdictions and must be submitted with Common Registration Information. Individual TRNs are then generated for each selected jurisdiction, with common information auto-populated and editable. Applicants must provide principal and additional places of business, State-specific information, and Aadhaar authentication.
October 3, 2026
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Private corporate CAPEX survey collects forward investment data through secure self-reporting while protecting enterprise-level confidentiality.
CAPEX 2026 collects information from selected large private corporate enterprises on past, provisional and intended capital expenditure across asset groups and sectors, including investment strategies, financing, green energy and robotics. Responses are self-compiled through a secure portal with bilingual and digital assistance. Complete, accurate and timely reporting supports validation and aggregate investment indicators. Individual enterprise information is protected through confidentiality safeguards, and unit-level CAPEX data are not disseminated.
October 3, 2026
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International trade negotiations training addressed WTO rules, dispute settlement, sustainability, trade remedies, digital trade, and services.
Trade-negotiation capacity-building introduced foundational trade theory and the WTO framework, followed by instruction on treaty interpretation, trade data and dispute settlement. Specialised sessions addressed trade remedies, rules of origin, non-tariff measures, intellectual property rights, digital trade and services. It also considered labour, environmental and sustainability issues, including carbon border adjustment and deforestation requirements, within an increasingly complex global trade environment.
October 3, 2026
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Food security safeguards distinguish transparent public stockholding measures from coercive trade actions within multilateral trade cooperation.
India maintains public stockholding, procures food from small and marginal farmers, and may adopt temporary, transparent measures during harvest shortfalls to preserve food availability and affordability. These food-security measures are identified as recognised within the WTO framework. A distinction is advanced between legitimate food-security interventions and coercive trade actions used to exert pressure on other countries. G20 Trade Ministers reached consensus on a statement addressing the weaponization of food through coercive trade actions and committed to continued cooperation.

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Customs & Trade

Trade war between Canada, US deepens rupture in what had been close and durable alliance

August 22, 2026

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Toronto, Aug 22 (AP) For decades, Canada built much of its prosperity on privileged access to the United States. Now, after the collapse of trade talks, one of the world's closest and most durable alliances has been fundamentally altered, with both countries facing the risk of a full-scale trade war.

Prime Minister Mark Carney acknowledged the break after last-ditch negotiations failed Friday, saying Canada had recognised that “America has changed” and that the countries would “not return to our old relationship.” The United States imposed 50 per cent tariffs on about USD 20 billion worth of Canadian goods early Saturday. Canada promised to match the import taxes dollar for dollar. Carney suspended negotiations and ordered Canada's trade team home after accusing Washington of last-minute changes that were “unfair, uneconomic, and called into question the reliability of any deal.” Carney foreshadowed the shift at the World Economic Forum in Davos in January, declaring that the world was experiencing “a rupture, not a transition” and urging countries such as Canada to reduce their vulnerability to economic coercion by strengthening their economies at home and diversifying abroad.

“The collapse of the tariff talks points to the fact that the old Canada-US relationship is over and, for many Canadians, it also confirms the perception that Canada can't trust the Trump administration,” said Daniel Béland, a political science professor at McGill University in Montreal.

The pressure from Republican President Donald Trump has gone well beyond tariffs.

He has questioned Canada's economic viability, repeatedly talked about making it the 51st US state and used trade measures to press for more production in the United States. The threats and economic pressure have angered many Canadians and fuelled a sense of betrayal in a country that had long regarded the US as its closest ally.

Travel to the US remains sharply below levels before the dispute, with Canadian-resident return trips in July down nearly 29 per cent by car and 27 per cent by air from July 2024, Statistics Canada said.

The failed trade negotiations underscored how far the relationship had shifted. Canada had been prepared to accept some US tariffs in exchange for broader market access and greater certainty — a sharp break from decades of continental trade policy built around eliminating barriers and increasing integration.

Washington has portrayed its proposed terms as especially favourable to Canada. But for Canadians accustomed to preferential access under the 1989 Canada-US Free Trade Agreement, the North American Free Trade Agreement and its successor, even reduced tariffs would mark a fundamental retreat from the old relationship.

The collapse also puts Carney's approach to Trump to the test.

The prime minister's “elbows up” posture — hockey shorthand for playing aggressively and refusing to be pushed around — has helped keep him popular at home. His decision to resist US pressure could also resonate abroad with those impressed by his Davos call for countries to resist economic coercion and reduce dependence on great powers.

Provincial leaders had already been preparing Canadians for a permanent change. Saskatchewan Premier Scott Moe said “the old status quo is not possible.” Ontario Premier Doug Ford, who leads Canada's most populous province, said Carney had his “full support” for retaliation “tariff for tariff, dollar for dollar.” Former Alberta Premier Jason Kenney, a prominent conservative and former federal Cabinet minister, said Canada was “not cravenly surrendering in the face of constant economic and political aggression” from Trump. Kenney noted that Canada, along with China, was among the few countries to retaliate against US tariffs. “Damn right we are,” Kenney wrote.

The economic risks of fighting back and a shift seen as perhaps lasting beyond Trump -------------------------------------------------------------------------------------------------- Nearly three-quarters of Canada's goods exports go to the United States. The US economy is roughly 10 times larger than Canada's, limiting Ottawa's ability to retaliate dollar for dollar without inflicting disproportionate damage at home.

Royal Bank of Canada economists estimate the tariffs directly affect about 0.4 per cent of Canada's gross domestic product and jobs because the trade penalties cover only about 5 per cent of Canadian exports to America. The damage could grow significantly, however, if retaliation broadens, more sectors are pulled into the dispute or the standoff persists long enough to curb investment and disrupt integrated supply chains.

Béland said the countries were witnessing “the beginning of a full-scale trade war,” though he cautioned that the situation could change rapidly.

The dependence is not one-sided.

Canada supplies roughly two-thirds of US crude oil imports, making Canadian energy critical to large parts of the US economy. Trump has focused much of his pressure instead on autos, steel and aluminum, sectors where he wants more production moved to the US. That push has fuelled resentment in Canada, where many see it as an effort to hollow out key industries.

Goldy Hyder, president and CEO of the Business Council of Canada, said businesses still view the US as Canada's most important trading partner but increasingly see the shift as lasting beyond Trump.

“There is a new trade and investment model, one that could well be kept in place by future US administrations whether Democrat or Republican,” Hyder said.

Canada looks beyond the United States because things will 'never be the same' ----------------------------------------------------------------------------------------- The breakdown adds urgency to Carney's push to diversify beyond the United States. He has travelled abroad seeking investment and new trade ties, aiming to attract 1 trillion Canadian dollars (USD 730 billion) by 2030 and to double non-US investment over the next decade.

In July, Ottawa and Alberta advanced plans for a new Pacific Coast oil pipeline to give Canadian crude greater access to Asian markets and reduce reliance on US buyers.

In recent days, Manitoba Premier Wab Kinew had urged Canada to keep fighting rather than accept a weaker deal. He argued that Trump was vulnerable because the cost of living was the top election-year issue for US voters and that America had grown weaker internationally, pointing in part to the confrontation with Iran.

“I think we should fight. I think we've got the upper hand,” Kinew said.

Kinew also questioned whether Canada should make lasting concessions to tariffs that may not outlive Trump's presidency.

“I just wonder if accepting the idea of the Trump tariffs are here forever is the move,” he said.

The immediate question is how long the latest tariff confrontation will last.

Béland said the deeper change probably will, partly because US. protectionism is likely to remain influential under future administrations.

“The idea that things will return to normal' once Donald Trump leaves the White House is probably just wishful thinking,” Béland said. “It doesn't mean the relationship might not improve in the future but that things will never be the same.” (AP) GSP

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