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September 1, 2026
Show AI Summary
Automated Free Sale and Commerce Certificate issuance reduces manual scrutiny while preserving risk-based review for eligible exporters.
DGFT has enabled automated issuance of Free Sale and Commerce Certificates through its portal for eligible exporters of items not covered by the Drugs & Cosmetics Act, 1940. Applications satisfying prevailing framework and automated processing parameters may be issued without manual scrutiny. Applications requiring verification or not meeting those parameters may be routed for manual processing, while auto-approved applications may be flagged later for risk-based review. The mechanism seeks faster, more transparent and predictable processing while retaining necessary oversight.
September 1, 2026
Show AI Summary
Five-day banking and equitable performance incentives drive planned nationwide bank union strike amid unresolved pension demands.
United Forum of Bank Unions has proposed nationwide strike action over delayed five-day banking, the performance-linked incentive framework, and unresolved pension demands. Five-day banking was agreed under the 12th Bipartite Settlement/9th Joint Note with extended Monday-to-Friday working hours, but remains pending for implementation. Unions challenge the incentive scheme for departing from a uniform, bank-performance-linked approach and for disproportionately benefiting senior officers. The dispute is under conciliation and pending before the Delhi High Court, while pension updation, a uniform dearness allowance formula, and an old pension scheme option remain unresolved.
September 1, 2026
Show AI Summary
Equity market volatility intensified as higher crude prices, geopolitical tensions and tighter monetary expectations weakened domestic investor sentiment.
Indian equity markets closed marginally lower as higher crude oil prices, US-Iran tensions, and expectations of prolonged tight United States monetary policy weakened risk appetite. The phased Closing Auction Session contributed to a late recovery in the benchmark index. Rising crude prices and global bond yields triggered broad-based selling across several domestic sectors, while foreign institutional equity sales and weakness in overseas markets added to pressure despite stronger-than-expected domestic economic growth.
September 1, 2026
Show AI Summary
GST revenue collections show higher gross and net receipts alongside increased refunds and state-level settlement data.
GST revenue collections for August 2026 recorded total gross GST revenue of Rs. 1,99,853 crore, reflecting 14.8% growth over August 2025. Total refunds were Rs. 31,795 crore, including domestic refunds and export IGST refunds processed through ICEGATE. After adjustment of refunds, total net GST revenue was Rs. 1,68,057 crore, representing 8.3% growth. SGST collections and the SGST component of IGST settlement were separately identified for States and Union Territories, with post-settlement SGST aggregating Rs. 95,531 crore.
September 1, 2026
Show AI Summary
Trade facilitation and customs preparedness feature in AILBIEA's Silver Jubilee knowledge conference on liquid bulk commerce.
AILBIEA's Silver Jubilee programme focuses on trade facilitation, customs modernisation, GST dispute preparedness and maritime-risk issues affecting liquid bulk trade. The Knowledge Conference includes sessions on the Authorised Economic Operator advantage, next-generation customs technology, GST Appellate Tribunal-era dispute preparedness, and geopolitical risks to sea-borne trade. It also marks the launch of AGS 360, integrating port information, vessel tracking, port-call estimates and maritime intelligence.
September 1, 2026
Show AI Summary
Personal guarantor insolvency: repayment plan stayed pending majority determination, with restraint on direct or indirect asset alienation.
Personal-guarantee insolvency proceedings involve a stay on implementation of a repayment plan because the earlier members' views did not produce a clear majority capable of taking effect. The personal guarantor has been restrained from directly or indirectly alienating assets pending further hearing. The dispute follows split views on approval of the plan, claim admission and voting, followed by a third-member opinion that did not resolve the absence of a determinative majority. Creditors dispute the proposed recovery, claim treatment and declared net worth relevant to the guarantees.
September 1, 2026
Show AI Summary
Rupee exchange-rate movement reflects portfolio inflows, growth data and possible central-bank support, while crude oil prices constrain gains.
Foreign-exchange market conditions strengthened the rupee by 28 paise to 94.94 against the US dollar, supported by domestic growth, controlled fiscal slippage and portfolio inflows. Possible Reserve Bank of India intervention was also identified as supportive. Higher crude oil prices, weak domestic equities and hawkish US monetary-policy signals were identified as constraints on further appreciation. Foreign investment flows, stronger-than-expected domestic growth and the fiscal-deficit position remained material factors affecting currency conditions.
September 1, 2026
Show AI Summary
Money-laundering probe into public service recruitment irregularities examines alleged question-paper leaks, selection manipulation, and laundering through purported CSR donations.
Money-laundering investigation under the Prevention of Money Laundering Act concerns alleged irregularities in Public Service Commission recruitment examinations. Allegations include question-paper leaks, manipulation of candidate selection, and illegal gratification for securing appointments of relatives and favoured candidates. Recruitment rules were allegedly amended to facilitate selection of relatives. Alleged proceeds of crime were collected in cash and routed through layered banking transactions, including through a family-controlled samiti presented as receiving corporate social responsibility donations for a non-existent college.
September 1, 2026
Show AI Summary
Personal guarantor settlement scrutiny intensifies as asset alienation is restrained pending review of a disputed creditor repayment proposal.
A five-member special bench found that no clear majority view existed under section 419(5) of the Companies Act and stayed the third member's order that had permitted the proposed recovery. Notices were directed to all parties, and the guarantor was restrained from directly or indirectly alienating property pending further consideration. The dispute concerns approval of a personal guarantor's repayment proposal, treatment of guarantee claims, creditor voting support, assessment of the personal estate, and scrutiny of declared net worth.
September 1, 2026
Show AI Summary
Personal insolvency proceedings restrict property alienation while notices issue to parties in the debtor's case.
A five-member special National Company Law Tribunal bench hearing Subhash Chandra's personal insolvency matter issued notices to all parties and restrained him from alienating property directly or indirectly. The restraint applies during the continuing insolvency proceedings and concerns dealings with the relevant property. The procedural measure requires the interested parties to participate in the matter.
September 1, 2026
Show AI Summary
Aadhaar authentication alternatives enable eligible farmers with failed fingerprint verification to access loan-waiver benefits after identity verification.
Elderly farmers whose fingerprints cannot be captured for Aadhaar authentication may approach an Aaple Sarkar Seva Kendra with their Aadhaar card and bank passbook. Loan-account details are verified on the scheme portal before authentication is initiated. If authentication fails, the concerned tehsildar verifies identity using the Aadhaar card, bank passbook and 7/12 land record extract. Eligible farmers receive loan-waiver benefits directly in their bank accounts after authentication, identity verification and satisfaction of the scheme's eligibility criteria.
September 1, 2026
Show AI Summary
GST collection growth reflected higher domestic and import revenue, while increased refunds moderated net collections during August.
GST collections recorded year-on-year growth in August, with gross receipts reaching about Rs 2 lakh crore. Domestic transaction revenue increased to over Rs 1.37 lakh crore, while import-related revenue rose to Rs 62,604 crore. Refunds increased to Rs 31,795 crore, and net GST collections stood at Rs 1.68 lakh crore after refunds.
September 1, 2026
Show AI Summary
Personal insolvency repayment plan faces fresh hearing after a split bench prevents enforcement and restrains guarantor property transfers.
Personal insolvency proceedings were reopened before a five-member special bench after a split view on a repayment plan. As no majority view existed, including that of the third member, no final order was in force and the repayment-plan determination could not be acted upon. Notices were issued to all parties, including dissenting creditors, and the guarantor was restrained from directly or indirectly alienating property pending further consideration. Dissenting creditors also challenged the repayment-plan determination before the appellate tribunal.
September 1, 2026
Show AI Summary
Equity market sentiment weakens as higher crude prices, geopolitical tensions and tighter monetary policy expectations curb risk appetite.
Equity-market sentiment weakened as higher crude oil prices, renewed US-Iran tensions, and expectations of prolonged tight US monetary policy reduced emerging-market risk appetite. The Sensex and Nifty declined, while domestic GDP growth above projections offered partial support. Weakness in several Asian markets, a lower US market close, and net foreign institutional equity sales reinforced cautious trading conditions.
September 1, 2026
Show AI Summary
Money laundering investigation triggers searches linked to alleged Public Service Commission irregularities, including premises of a former chief minister's assistant.
A money-laundering investigation under the Prevention of Money Laundering Act has led to searches at seven locations in Chhattisgarh in connection with alleged irregularities at the Chhattisgarh Public Service Commission. The search operation includes the premises of K. K. Chandrakar, personal assistant to former Chief Minister Bhupesh Baghel. The investigation remains at the search and inquiry stage.
September 1, 2026
Show AI Summary
Income-tax return filing: non-audit business and professional taxpayers use applicable forms by prescribed due dates.
August 31, 2026 was the due date for taxpayers having business or professional income who were not subject to audit. Such non-audit taxpayers may use ITR-3, ITR-4, ITR-5 or ITR-7, as applicable. ITR-3 applies to individuals and Hindu Undivided Families with proprietary business or professional income, while ITR-4 is intended for small and medium taxpayers. ITR-5 applies to firms, limited liability partnerships and cooperative societies, and ITR-7 applies to trusts and charitable institutions.
September 1, 2026
Show AI Summary
Gold smuggling enforcement targets transit abuse, concealed carriage, and border routes through coordinated seizures and arrests nationwide.
Intelligence-led enforcement against organised gold smuggling resulted in the seizure of over 42 kg of foreign-origin gold and around 10 kg of foreign-origin silver, collectively valued at more than Rs. 65 crore, and the arrest of 25 persons. Operations targeted networks using airport transit routes, airport personnel, land-border corridors, coastal routes, and domestic road transport. Gold was concealed in wax, compound, paste, raw-chain and bar forms, including through body concealment, internally secreted capsules, clothing, and specially created cavities.
September 1, 2026
Show AI Summary
Predictive consumption-expenditure framework will use household survey data to support poverty estimation, consumption analysis, and economic planning.
MoSPI and Thapar Institute of Engineering & Technology have entered into a memorandum of understanding for a research study to develop a predictive and analytical framework for monthly consumption expenditure in India. The study will use Household Consumption Expenditure Survey data to estimate Monthly Per Capita Consumption Expenditure at national and state levels, analyse household consumption patterns, and generate evidence relevant to poverty estimation and broader economic planning.
August 31, 2026
Show AI Summary
Personal insolvency repayment plans: conflicting views on binding dissenting creditors prompted reconsideration through an expanded adjudicatory bench.
National Company Law Tribunal constituted a five-member bench after conflicting views on a personal insolvency repayment plan left no majority position for a formal order. The central issue is whether creditor approval of the plan binds dissenting creditors and extinguishes their claims against the personal guarantor. One view preserved dissenting creditors' independent recovery rights, while another applied the creditor-approved plan uniformly to all creditors. Disagreement also concerns the Adjudicating Authority's power to examine the resolution professional's report of the creditors' meeting.
August 31, 2026
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Personal insolvency repayment plans raise unresolved questions on dissenting creditors' rights and uniform extinguishment of claims.
Personal insolvency proceedings were referred for fresh adjudication because no majority emerged on the repayment plan. The Technical Member rejected the plan; the Judicial Member confined it to consenting creditors while preserving dissentents' recovery rights; and the Third Member approved it with uniform extinguishment of all creditors' claims. The dispute concerns whether creditor approval under section 115(1) binds dissenting creditors, the effect of section 79(2)(g), and the Adjudicating Authority's power to examine the Resolution Professional's creditors' meeting report.

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Corp. Laws, SEBI & IBC

INVITING APPLICATIONS FOR FILLING UP OF THE POST OF CHAIRPERSON IN THE COMPETITION COMMISSION OF INDIA.

September 16, 2015

Contents
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Applications are invited from Indian Nationals in the format given in Annexure-I for the post of Chairperson in the Competition Commission of India.

2. The selected candidate will be required to serve at the headquarters of the Competition Commission of India. The location of the CCI is to be in Delhi/NCR.

3. Qualifications: As per the Competition Act, 2002 a person of ability, integrity and standing and who has special knowledge of, and such professional experience of not less than fifteen years in, international trade, economics, business, commerce, law finance, accountancy, management, industry, public affairs or competition matters, including competition law and policy, which in the opinion of the Central Government, may be useful to the Commission is eligible for appointment as Chairperson of the Competition Commission of India.

4. Chairperson shall be paid a consolidated monthly salary of Rupees four lakh fifty thousand only. He shall not be entitled to house and car.

5. Tenure: Five years or till the age of 65 years, whichever is earlier.

6. The application form may be down-loaded from Ministry’s website (www.mca.gov.in), the Competition Commission of India’s website (www.cci.gov.in) or Department of Personnel & Training’s website (http://persmin.nic.in).  

7. Applications in the prescribed format, duly completed should reach Shri Navneet Chouhan, Director, Ministry of Corporate Affairs, Room No. 530, ‘A’ Wing, 5th Floor, Shastri Bhawan, Dr. Rajendra Prasad Road, New Delhi-110001 latest by 23rd October, 2015.

Annexure - I

APPLICATION FORM FOR THE POST OF CHAIRPERSON IN THE COMPETITION COMMISSION OF INDIA

 

Latest passport size photograph

 

1.

Name (IN BLOCK LETTERS)

 

2.

Father’s/Mother’s Name

 

3.

Date of Birth (Proof to be attached)

 

4.

(i) Postal Address for Correspondence (with Pin Code)

(ii) Phone Number

(iii) E-mail ID

(iv) Fax

 

 

 

5.

Nationality

(only Indian nationals need apply)

 

6.

Educational Qualifications (self-attested copies to be attached)

 

7.

Service/Cadre/Batch

(In case of Government Employee)

 

8.

Present Posting/Occupation/Profession with pay scale and basic pay.

 

9.

Details of previous postings/employment (including period) and nature of activities performed.

 

10.

Field of expertise as per prescribed eligibility criteria of the post and the number of years of experience thereon.

 

11.

Any other special qualification; or special achievements; or participation in important committees/working groups etc; or Foreign assignments/training; or publication to the applicant’s credit; or National/International recognition received, if any.

 

12.

In case of applicants, other than serving government servants, testimonials from two referees in responsible position (Not being relatives) including their address, contact numbers and e-mail ID, should be attached.

 

Undertaking

It is certified that the information furnished above is correct and that in the event of my selection, I shall resign/seek retirement, if already in any employment including government service, before my appointment as Chairperson, Competition Commission of India.

Place:-

Date:-                                                                                                                                                                                  

         (Signature with Date)

 

 

Name: _____________________

 

Instructions :

1. In case of serving government servants, certificates as in Appendix – “A”, issued by cadre controlling/competent authority are to be submitted along with the Application Form. 

2. Applications of serving government servants including PSUs/autonomous organisations should be sent through proper channel.

3. The applicants may attach additional sheets in respect of any information where it is not possible to indicate the same in the relevant column.

4. The selected applicant may have to appear for Medical Examination, in case so required by the Central Government.

5. Incomplete applications or applications received after the due date are liable to be rejected.

6. The selected applicant will be expected to join the post within one month of the issue of offer of appointment.

Appendix – “A”

Additional certificates for Government employees to be furnished by the cadre controlling/competent authority.

(i) There are no vigilance, disciplinary or criminal proceedings pending/contemplated against Sh./Smt._______________.

(ii) His/Her integrity is certified. 

(iii) Duly authenticated copies of ACRs/APAR dossier of the applicant for the last five years are enclosed.

(iv) List of major/minor penalties, if any, imposed on the applicant during the last ten years/No penalty certificate is attached.

(Signature with Date)

Name: _____________________

Place:

Date:

List of enclosures:

1.

2.

3.

4.

5.

अनुलग्नक-1

भारतीय प्रतिस्पर्धा आयोग के अध्यक्ष के पद हेतु आवेदन का प्रपत्र

नवीनतम पासपोर्ट साइज की फोटो

 

1.

नाम (स्पष्ट अक्षरों में)

 

2.

पिता का नाम/माता का नाम

 

3.

जन्म तिथि (प्रमाण पत्र संलग्न करें)

 

4.

पत्राचार का पता (पिन कोड सहित)

दूरभाष संख्या

ई-मेल पता

फैक्स

 

5.

राष्ट्रीयता

(सिर्फ भारतीय नागरिक ही आवेदन कर सकते हैं)

 

6

शैक्षणिक योग्यता (स्वअभिप्रमाणित प्रतियां संलग्न करें)

 

7.

सेवा/संवर्ग/बैच

(सरकारी कर्मचारी के मामले में)

 

8.

वेतनमान और मूल वेतन के साथ वर्तमान पदस्थापन/पेशा/व्यवसाय

 

9.

पूर्व पदस्थापन/नियोजन का ब्यौरा (पदधारण की अवधि सहित) और निष्पादित कार्यों की प्रकृति।

 

10.

पद के लिए निर्धारित अर्हता के अनुसार विशेषज्ञता का क्षेत्र और उसमें अनुभव के वर्षों की संख्या

 

11.

आवेदक के पक्ष में कोई अन्य विशेष योग्यता; या विशेष उपलब्धि;या महत्वपूर्ण समितियों;कार्य समूहों आदि में भागीदारी;अथवा विदेशी असाइनमेंट/ प्रशिक्षण; अथवा प्रकाशन; अथवा राष्ट्रीय/अर्तराष्ट्रीय मान्यताएं, आदि प्राप्त हुई हों।

 

12.

जो आवेदक सरकारी सेवा में नहीं है उसके मामले में जिम्मेदार स्थिति वाले दो पहचानकर्ताओं (जो संबंधित न हों) उनसे शंसापत्र भी संलग्न किए जाएं जिसमें उनका पता, संपर्क संख्या और ई-मेल पता भी उल्लिखित हो।

 

वचनबंध

यह प्रमाणित किया जाता है कि उपरोक्त सूचना सही है और मेरे चयन होने की दशा में भारतीय प्रतिस्पर्धा आयोग के अध्यक्ष के रूप में अपनी नियुक्ति से पूर्व मैं वर्तमान रोजगार या व्यवसाय से त्यागपत्र दे दूंगा या सेवानिवृत्ति ले लूंगा, यदि पहले से सरकारी सेवा सहित किसी सेवा में हों।

स्थान:

दिनांक:

      (तिथि सहित हस्ताक्षर)

नाम ______________________

निर्देश :

नोट 1-    सेवारत सरकारी सेवकों के मामले में संवर्ग नियंत्रक/सक्षम प्राधिकारी द्वारा अनुलग्नक-“क” में जारी प्रमाणपत्र आवेदन प्रपत्र के साथ संलग्न करना होगा।

नोट 2- लोक उपक्रमों/स्वायत्त संस्थानों सहित सरकारी सेवकों के आवेदन उचित माध्यम से भेजे जाएं।

नोट 3- आवेदक किसी भी सूचना के लिए, जिसमें संबद्ध कॉलम में उल्लेख करना संभव न हो, अतिरिक्त कागज संलग्न कर सकते हैं।

नोट 4- चयनित व्यक्ति को चिकित्सा जांच हेतु उपस्थित होना होगा, यदि केन्द्रीय सरकार द्वारा ऐसी अपेक्षा की जाती है।

नोट 5- अपूर्ण आवेदनों या अधूरी सूचना वाले या अंतिम तिथि के बाद प्राप्त आवेदन पत्रों पर विचार नहीं किया जाएगा।

नोट 6- चयनित आवेदक को नियुक्ति प्रस्ताव जारी होने के एक महीने के भीतर कार्यग्रहण करना होगा।
अनुलग्नक

संवर्ग नियंत्रक/सक्षम प्राधिकारी द्वारा दिए जाने वाला केन्द्रीय कर्मचारियों के लिए अतिरिक्त प्रमाण-पत्र ।

श्री/श्रीमती ________________________ के विरूद्ध कोई सतर्कता, अऩुशासनात्मक या आपराधिक प्रक्रिया लंबित/विचाराधीन नहीं है।

उनकी सत्यनिष्ठा प्रमाणित है।

आवेदक की पिछले पांच वर्षों के एसीआर/एपीएआर डोजियर भी विहित रूप से प्रमाणित प्रतियां सलंग्न है।

मुख्य/गौण दण्डों की सूची, यदि कोई हो, जो आवेदक पर पिछले 10 वर्षों के दौरान आरोपित किए गए हों/गैर-शास्ति प्रमाणपत्र।

(तिथि सहित हस्ताक्षर)

नाम ______________________

स्थान:

दिनांक:

अनुलग्नकों की सूची:

1.

2.

3.

4.

5.

Topics

Acts Income Tax