+
Su-57 Sale On Agenda As BRICS Summit Brings Leaders To Delhi
ECONOMY & POLICY

Su-57 Sale On Agenda As BRICS Summit Brings Leaders To Delhi

The Kremlin confirmed that the sale of Russia's Su-57 fighter jets to India is on the agenda for a bilateral meeting between Prime Minister Narendra Modi and President Vladimir Putin on Friday, 11 September, on the sidelines of the BRICS Summit in New Delhi. The discussion was described as part of a broader bilateral agenda that will include trade and economic cooperation, and India has not issued an official response while Hindustan Aeronautics Limited is expected to have a role if the matter advances.

India holds the BRICS presidency for 2026 and will host the 18th summit at Bharat Mandapam on 12 and 13 September, with other leaders such as China’s Xi Jinping and South Africa’s Cyril Ramaphosa among those expected to attend. The two leaders last met in person at the Shanghai Cooperation Organisation summit in Bishkek, and the meeting in New Delhi follows continuing diplomatic engagement between the capitals.

Separately, national infrastructure activity continued with transport and project announcements in Gujarat, where the prime minister launched major rail and road work funded by large allocations. The government said it would spend Rs 855.9 million (mn) on the Berhampore bypass repair, and announced projects amounting to Rs 350 billion (bn) for the state, including Western Dedicated Freight Corridor sections completed at a cost of over Rs 207 billion (bn).

Energy data for August showed total fuel consumption fell two point eight per cent to 18.61 million (mn) metric tonnes, with petrol consumption up eight point two per cent to three point eight four mn tonnes and diesel rising six point eight per cent to seven point zero two mn tonnes. Declines in liquefied petroleum gas and naphtha offset some gains, while bitumen sales rose nineteen point eight per cent, underlining continued road construction activity.

Policy adjustments were also under way as the 57th GST Council meeting was postponed to October 7 because of summit schedules, and officials will consider simplifying registration where businesses pass on tax credit exceeding Rs 0.25 million (mn) a month. The government has also eased foreign direct investment rules to permit inventory held by e-commerce platforms strictly for export, subject to transaction level compliance.

The Kremlin confirmed that the sale of Russia's Su-57 fighter jets to India is on the agenda for a bilateral meeting between Prime Minister Narendra Modi and President Vladimir Putin on Friday, 11 September, on the sidelines of the BRICS Summit in New Delhi. The discussion was described as part of a broader bilateral agenda that will include trade and economic cooperation, and India has not issued an official response while Hindustan Aeronautics Limited is expected to have a role if the matter advances. India holds the BRICS presidency for 2026 and will host the 18th summit at Bharat Mandapam on 12 and 13 September, with other leaders such as China’s Xi Jinping and South Africa’s Cyril Ramaphosa among those expected to attend. The two leaders last met in person at the Shanghai Cooperation Organisation summit in Bishkek, and the meeting in New Delhi follows continuing diplomatic engagement between the capitals. Separately, national infrastructure activity continued with transport and project announcements in Gujarat, where the prime minister launched major rail and road work funded by large allocations. The government said it would spend Rs 855.9 million (mn) on the Berhampore bypass repair, and announced projects amounting to Rs 350 billion (bn) for the state, including Western Dedicated Freight Corridor sections completed at a cost of over Rs 207 billion (bn). Energy data for August showed total fuel consumption fell two point eight per cent to 18.61 million (mn) metric tonnes, with petrol consumption up eight point two per cent to three point eight four mn tonnes and diesel rising six point eight per cent to seven point zero two mn tonnes. Declines in liquefied petroleum gas and naphtha offset some gains, while bitumen sales rose nineteen point eight per cent, underlining continued road construction activity. Policy adjustments were also under way as the 57th GST Council meeting was postponed to October 7 because of summit schedules, and officials will consider simplifying registration where businesses pass on tax credit exceeding Rs 0.25 million (mn) a month. The government has also eased foreign direct investment rules to permit inventory held by e-commerce platforms strictly for export, subject to transaction level compliance.

Related Stories

Gold Stories

Next Story
Building Material

Cement Prices Rise Rs. 7 per Bag in September; October Hikes Expected

Cement companies may seek to raise prices by Rs. 5 to Rs. 20 per bag across most markets in October, although the ability to sustain the increases will depend on demand recovery and dealer acceptance, according to a report by Centrum Broking. The outlook follows a pickup in pricing momentum during September after largely stable prices in July and August. The all-India average trade price increased by Rs. 7 per bag month-on-month to Rs. 356 in September. Centrum Broking’s channel checks indicated gains across both trade and non-trade segments, with non-trade prices recording sharper increases..

Next Story
Products

Minister G Kishan Reddy Says No Coal Shortage Despite Higher Power Demand

Union Coal and Mines Minister G Kishan Reddy said India was not facing a coal shortage despite higher demand from thermal power plants, monsoon-related disruptions in mining operations and lower hydropower generation. He said coal was being supplied to power stations through railway rakes and road transport. Reddy made the remarks on Monday on the sidelines of the Assocham-organised Angul Aluminium Roadshow in Kolkata. His comments came amid reports of alleged supply constraints at some power plants, although he said the temporary interruptions should not be interpreted as a broader shortage. ..

Next Story
Infrastructure Energy

Bondada Engineering Secures Rs. 1.47 bn in Multiple Orders

Bondada Engineering has secured multiple domestic orders with an aggregate value of Rs. 1.47 bn, the company disclosed in a filing with BSE on September 29, 2026. The orders cover telecom infrastructure, renewable energy and energy-efficient lighting solutions, and are inclusive of taxes. Bondada Green Engineering, a subsidiary of Bondada Engineering, received an order for the supply of 200 telecom towers under the BSNL 40GBT project in Gujarat. The award forms part of the company’s telecom infrastructure business and is linked to requirements in the state. Bondada Renewable Energy, another ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code