ECONOMY
Centre Releases ₹1,09,019-Cr Additional Tax Devolution To States
The Union Government has released an additional instalment of ₹1,09,019 crore in tax devolution to State Governments on October 31, over and above the regular monthly allocation. This is the second additional instalment released during the current financial year. The funds are intended to help States accelerate capital expenditure and meet development and welfare-related spending […]
CW Bureau
·
Oct 31, 2026
ECONOMY
Government Extends Cotton Import Duty Exemption Until December 31
The Government of India has extended the customs duty exemption on cotton imports by two months until December 31, 2026, to support the raw material requirements of the domestic textile industry. The Department of Revenue, Ministry of Finance, announced the extension through Notification No. 35/2026-Customs dated October 30, 2026. The existing exemption, which was due […]
CW Bureau
·
Oct 31, 2026
INFRASTRUCTURE
Ashwini Vaishnaw To Inaugurate Kalyani Container Depot On Sept 15
The inauguration of the Gati Shakti Cargo Terminal, flagging off of a bulk salt container train and laying of the foundation stone for the Inland Container Depot (ICD) of Kalyani Cast Tech Ltd (KCTL) at Shivlakha, Kutch, Gujarat, have been rescheduled to September 15 through videoconferencing by Railways Minister Ashwini Vaishnaw. KCTL has also received […]
CW Bureau
·
Sep 14, 2026
GENERAL
UPI To Remain Free For Users; Limited Merchant MDR May Be Introduced
The government on Saturday categorically clarified that UPI users will not face any transaction charges, while the vast majority of merchant transactions will also remain free under any future merchant discount rate (MDR) framework. The clarification comes amid debate over the recent amendment to the Payment and Settlement Systems Act (PSS Act), with the government […]
CW Bureau
·
Aug 8, 2026
MANUFACTURING
India Extends Imposition Of CVD On Import Of Solar Glass From Malaysia
Borosil Renewables Ltd, India’s leading solar glass manufacturer, has welcomed the Centre’s decision to continue the imposition of definitive countervailing duty (CVD) on imports of solar glass (textured tempered glass) from Malaysia for another five years. The recommendation by the Ministry of Finance (Department of Revenue) follows a review that found continued subsidisation of imports […]
CW Bureau
·
Jun 3, 2026
