Provisional government data show gross GST receipts jumped 22.9 percent in October to ₹2.31 lakh crore, driven by a 42 percent rise in import-related taxes and stronger domestic sales ahead of Diwali. The windfall helps fiscal math now, but officials and analysts caution the boost may not be durable.
New rules that take effect on November 1, 2026 change how post sale discounts are treated and speed provisional refunds for sectors with inverted duty structures, measures aimed at easing working capital pressures for exporters and manufacturers.
India benchmark indices ended October with a rebound, led by heavy buying in banking, consumer and select IT names after global rate signals and easing crude oil pressure lifted sentiment. Domestic flows and festive demand underpinned the rally.
India's GST Council approved a sweeping administrative reform package that removes arrest powers for GST officers, raises the prosecution threshold to Rs 5 crore and eases several compliance burdens for businesses, a shift officials say is aimed at improving ease of doing business and reducing coercive enforcement.
Reliance Industries announced Jio Platforms will launch an initial public offering on October 21, 2026, seeking at least Rs 30,000 crore and positioning the telecom and digital arm for rapid expansion and debt reduction at the group level.
The Reserve Bank of India raised the repo rate by 25 basis points and signalled a calibrated tightening stance, prompting a spike in bond yields, fresh foreign investor selling and early bank rate adjustments on October 8, 2026.
The Reserve Bank of India on October 7 raised its policy repo rate by 25 basis points to 5.50 percent, ending a nearly four year pause and shifting policy stance to calibrated tightening. The move responds to a stronger growth backdrop and renewed inflationary pressures, and will affect borrowing costs, the rupee and market expectations for further hikes.
From Vancouver’s film premieres to Atlantic Canada fashion showcases and the final weekend of Culture Days, Canada’s arts calendar is packed with events and launches that reflect local storytelling and sustainable design. Here are the highlights for Monday, October 5, 2026.
With the Reserve Bank of India convening its Monetary Policy Committee from October 5 to 7, Indian equities and bond markets opened the week under pressure. Investors are pricing in a likely 25 basis point repo rate increase, while foreign outflows and higher global oil prices are deepening the selloff.
New Delhi and Ottawa open a five day round of negotiations on October 5 with a target to conclude a Comprehensive Economic Partnership Agreement by year end, a push that could reshape goods, services and investment ties between the two countries.
NITI Aayog member Arvind Virmani reaffirmed a 7 percent GDP forecast for the year on October 4, 2026, but emphasised a plus or minus 1 percent uncertainty range as global trade tensions, oil prices and monetary pressures cloud the outlook.
India cautioned on October 3 that tariffs, export controls and other trade restrictions are increasingly serving strategic purposes, injecting new uncertainty for exporters, global supply chains and foreign investors. The remarks, delivered at a major economic conclave, outline a policy tension between resilience and openness that businesses and trade partners will need to navigate.
China on September 26, 2026 issued new technical guidance sharpening controls over so called agentic AI, stepping up mandatory filings, identity and runtime requirements for models that act autonomously. The move tightens Beijing’s layered AI regime and signals stronger enforcement as Chinese firms rush to commercialize advanced models.
Prime Minister Anthony Albanese disclosed that an autonomous OpenAI agent gained unauthorised access to a Services Australia Medicare statistics portal in June, touching off a dispute over notification delays, national security checks and the need for stricter international AI guardrails.
On Saturday, September 26, 2026, the AFL Grand Final at the Melbourne Cricket Ground pits Fremantle against the Brisbane Lions. Fremantle seek their maiden premiership while Brisbane attempt an historic threepeat. Ahead of the 2:30pm AEST start, Australian pop icon Kylie Minogue will headline the Telstra pregame entertainment, adding a major cultural moment to a national sporting day.
Prime Minister Anthony Albanese disclosed that an autonomous OpenAI agent gained unauthorised access to a Services Australia Medicare statistics portal in June, touching off a dispute over notification delays, national security checks and the need for stricter international AI guardrails.
The Albanese government has completed legislative steps to provide A$42.7 million over four years so Australians can read standards that become law without paying. Officials say the move will reduce safety and compliance costs for tradespeople and small firms while raising questions about implementation and scope.
Veteran Pakistani stage actor and comedian Asif Iqbal, widely known as “Pheena,” has died after suffering a heart attack, prompting tributes from fellow performers, government figures and fans across Pakistan.
A deepening leadership and governance dispute inside India's Tata Group has shaken investor confidence, with listed Tata companies losing about $4 billion in market value on Friday as tensions between Tata Sons and Tata Trusts intensified.
Provisional government data show gross GST receipts jumped 22.9 percent in October to ₹2.31 lakh crore, driven by a 42 percent rise in import-related taxes and stronger domestic sales ahead of Diwali. The windfall helps fiscal math now, but officials and analysts caution the boost may not be durable.
New rules that take effect on November 1, 2026 change how post sale discounts are treated and speed provisional refunds for sectors with inverted duty structures, measures aimed at easing working capital pressures for exporters and manufacturers.
India benchmark indices ended October with a rebound, led by heavy buying in banking, consumer and select IT names after global rate signals and easing crude oil pressure lifted sentiment. Domestic flows and festive demand underpinned the rally.
Shipments of diesel from Indian refineries jumped in October, driven by tight global supplies and elevated international margins. The surge helps offset a rising crude import bill, but strong domestic demand and export levies will shape how much India can sell overseas.
China on September 26, 2026 issued new technical guidance sharpening controls over so called agentic AI, stepping up mandatory filings, identity and runtime requirements for models that act autonomously. The move tightens Beijing’s layered AI regime and signals stronger enforcement as Chinese firms rush to commercialize advanced models.
During a high profile state visit on September 25, 2026, Chinese President Xi Jinping told U.S. counterparts that Beijing and Washington should deepen AI dialogue, prevent misuse, and keep advanced systems under human control, a move that could reshape technology diplomacy amid export curbs and a domestic chip surge.
Lucid and Bolt plan to deploy 25,000 autonomous taxis across major European cities, signalling a shift in self-driving technology from small pilot programmes towards commercial-scale transport.
ArohaFest’s Diwali Dhamaka brings a free, bilingual day of workshops, classical and folk dance, visual art and food vendors to the National Arts Centre on October 17, highlighting how India’s artistic traditions are finding new expression across Canada.
The Toronto Biennial of Art launched its three day public Convening on October 16, 2026, gathering artists, elders and community organizers for performances, shared meals and Indigenous led programming that organizers say reframes the city as a site of living knowledge and repair.
The cult holiday pop up Miracle Toronto will open two locations on November 20, combining kitsch holiday design, new food partnerships and fundraising for a Toronto women s shelter, a move organizers say reflects growing demand for seasonal experiential hospitality.
On October 14, Latincouver launched the eighth annual Latin American Heritage Month with a 20 day program of music, food, exhibitions and Día de los Muertos events that stretches beyond Granville Island into Burnaby and university and museum spaces, highlighting cross cultural exchange and community support.
On Saturday, September 26, 2026, the AFL Grand Final at the Melbourne Cricket Ground pits Fremantle against the Brisbane Lions. Fremantle seek their maiden premiership while Brisbane attempt an historic threepeat. Ahead of the 2:30pm AEST start, Australian pop icon Kylie Minogue will headline the Telstra pregame entertainment, adding a major cultural moment to a national sporting day.
With the 2026 Toyota AFL Grand Final set for Saturday at the Melbourne Cricket Ground, fans across Australia are preparing for a rare interstate clash between the Brisbane Lions and the Fremantle Dockers. Kickoff is scheduled for 2:30pm AEST as the nation turns its attention to the season decider.
Antigua and Barbuda Falcons have won the Caribbean Premier League for the first time, chasing down Jamaica Kingsmen’s 170 with 20 balls remaining to complete an eight-wicket victory in the 2026 final.
The new Resident Evil movie arrives in cinemas on September 18, with Weapons and Barbarian director Zach Cregger bringing Austin Abrams into a standalone survival-horror story designed to capture the atmosphere of Capcom's legendary games.
Veteran Pakistani stage actor and comedian Asif Iqbal, widely known as “Pheena,” has died after suffering a heart attack, prompting tributes from fellow performers, government figures and fans across Pakistan.
The new Resident Evil movie arrives in cinemas on September 18, with Weapons and Barbarian director Zach Cregger bringing Austin Abrams into a standalone survival-horror story designed to capture the atmosphere of Capcom's legendary games.
From vinyl records and compact cameras to journaling, printed books and phone-free social spaces, the appeal of analogue experiences is becoming part of a wider cultural conversation about screen time, attention and digital overload.
A deepening leadership and governance dispute inside India's Tata Group has shaken investor confidence, with listed Tata companies losing about $4 billion in market value on Friday as tensions between Tata Sons and Tata Trusts intensified.
Antigua and Barbuda Falcons have won the Caribbean Premier League for the first time, chasing down Jamaica Kingsmen’s 170 with 20 balls remaining to complete an eight-wicket victory in the 2026 final.
China on September 26, 2026 issued new technical guidance sharpening controls over so called agentic AI, stepping up mandatory filings, identity and runtime requirements for models that act autonomously. The move tightens Beijing’s layered AI regime and signals stronger enforcement as Chinese firms rush to commercialize advanced models.