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    NCLT issues notices in Subhash Chandra insolvency matter, directs not to dispose of property
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September 1, 2026
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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
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September 1, 2026
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Money laundering investigation triggers searches linked to alleged Public Service Commission irregularities, including premises of a former chief minister's assistant.
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September 1, 2026
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Income-tax return filing: non-audit business and professional taxpayers use applicable forms by prescribed due dates.
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September 1, 2026
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Gold smuggling enforcement targets transit abuse, concealed carriage, and border routes through coordinated seizures and arrests nationwide.
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September 1, 2026
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Predictive consumption-expenditure framework will use household survey data to support poverty estimation, consumption analysis, and economic planning.
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August 31, 2026
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Personal insolvency repayment plans: conflicting views on binding dissenting creditors prompted reconsideration through an expanded adjudicatory bench.
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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.
August 31, 2026
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August 31, 2026
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Income-tax return filing for non-audit business and professional taxpayers closes at midnight, requiring use of applicable forms.
Income-tax return filing for Assessment Year 2026-27 reaches its due date on 31 August 2026 for taxpayers having business or professional income who are not subject to audit. Such taxpayers may file the applicable ITR-3, ITR-4, ITR-5 or ITR-7. ITR-3 applies to individuals and Hindu Undivided Families with proprietary business or professional income, ITR-4 to small and medium taxpayers, and ITR-5 to firms, limited liability partnerships and cooperative societies.
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Monthly fiscal accounts track receipt composition, expenditure allocation, tax devolution, interest payments, and major subsidy outgo through July.
Union Government monthly accounts through July 2026 record total receipts comprising net tax revenue, non-tax revenue and non-debt capital receipts, with tax devolution transferred to State Governments. Total expenditure is divided between revenue and capital expenditure. Revenue expenditure includes interest payments and major subsidies.
August 31, 2026
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Personal guarantor insolvency distinguishes guarantee liability from borrower debt while creditor voting challenges question repayment-plan approval.
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August 31, 2026
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National Accounts Statistics-2026 incorporates updated Producer Price Index, Index of Industrial Production and Banking Services Price Index series with base year 2022-23 into annual and quarterly GDP estimates. The revised indicators expand coverage, update weights and improve price mapping for national-account activities. GDP and gross value added estimates from 2022-23 onwards are revised at current and constant prices, with sector-specific effects in mining and quarrying, manufacturing, trade services, general government and departmental enterprises. Supply and Use Tables for 2022-23 and 2023-24 are also updated.
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Trade facilitation and pharmaceutical market access advance through regulatory cooperation, preferential trade modernisation, and reciprocal agricultural access.
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August 31, 2026
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August 31, 2026
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August 31, 2026
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Employee provident fund and gratuity dues remain protected outside the liquidation estate despite competing financial creditor claims in insolvency proceedings.
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August 31, 2026
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Customs, DGFT & SEZ

Grant of Presidential Award of Appreciation Certificate to 44 Officials of the Customs & Central Excise on the Eve of Republic Day, 2018

January 24, 2018

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Every year, the officers and staff of the Central Board of Excise & Customs (CBEC) Department are considered for grant of Presidential Award of Appreciation Certificate for ‘exceptionally meritorious service rendered at the risk of life’ and for Presidential Award of Appreciation Certificate for ‘specially distinguished record of service’ on their achieving and maintaining excellence in the discharge of their duties. These awards are announced on the eve of Republic Day.

This year, 44 officials have been selected for grant of Presidential Award of Appreciation Certificate for ‘Specially distinguished record of service’.

These Awardees have been selected on the basis of their exemplary and flawless performance in their respective field of services over the years. The awardees selected this year include the officers and staff working as Principal Commissioners/ Commissioners, Directors/Additional Directors/Additional Commissioners, Deputy/Assistant Commissioners, Superintendents/SIOs, Sr. Private Secretary/ Private Secretary, Inspectors/IOs, Drivers who have been consistently and fully committed to the Department in various fields.

The Awardees’ performance in various fields includes the prevention of smuggling of contrabands and Narcotics Drugs, detection of tax evasion and trade based money laundering, detection of foreign exchange violations by booking / arresting the offenders and seizing the smuggled goods upgradation of anti-smuggling equipment and streamlining enforcement procedures etc. in the department. Besides, many awardees have shown their brilliance and given laudable performance in other fields as varied as tax policy, revenue mobilization, development of software for automation of Customs, Central Excise/Tax & CGST formations, reducing litigations and dispute resolution, effective defence of cases in the Tribunals and High Courts, capacity building and training, as well as skillful handling of administrative work.

The list of Awardees, along with their designation and their present place of posting, who have been selected for grant of the Presidential Award of Appreciation Certificate for ‘Specially distinguished record of service’, on the occasion of Republic Day, 2018 is given below:

PRINCIPAL COMMISSIONERS/COMMISSIONERS

1.   Shri Shashank Priya, Joint Secretary, Goods and Service Tax (GST) Council, New Delhi.

2.   Ms. Neeta Lall Butalia, Additional Director General, Directorate General of Vigilance (DGoV), New Delhi.

3.   Shri Bijoy Kumar Kar, Commissioner, Belagavi, Bangalore Central Excise/Tax & CST Zone

4.   Ms. Seema Jere Bisht, Additional Director General, Directorate General of Analytics and Risk Management (DGARM), Mumbai.

5.   Shri Yogendra Garg, Additional Director General, National Academy of Customs, Indirect Taxes & Narcotics (NACIN), Centre of Excellence, New Delhi.

6.   Shri Vivek Chaturvedi, Additional Director General, Directorate General of Revenue Intelligence (DGRI) (Hqrs.), New Delhi.

7.   Ms. Bandhana Deori, Commissioner of Customs (Preventive), Shillong Zone, Shillong

DIRECTORS/ADDITIONAL DIRECTORS/ADDITIONAL COMMISSIONERS/JOINT COMMISSIONERS

8.   Shri K. Ramakrishnan, Additional Director, Directorate General of Revenue Intelligence (DGRI), Zonal Unit, Chennai.

9.   Shri Avinash Pushkarna, Additional Commissioner, Customs Zone, New Delhi.

10.   Dr. T. Tiju, Additional Commissioner, Central Tax/Excise/GST & Customs, Thiruvananthapuram Zone.

11.   Shri Satyajit Mohanty, Director, International Customs Division, Central Board of Excise and Customs (CBEC), New Delhi.

12.   Shri Prashant Kumar, Additional Director, Directorate General of Revenue Intelligence (DGRI), Zonal Unit, Mumbai.

13.   Shri Kunduru S.V V. Prasad, Joint Director, Directorate of Enforcement (ED), Chennai.

DEPUTY COMMISSIONERS/ASSISTANT COMMISSIONERS

14.   Shri Rohit Anand, Under Secretary (Anti-Smuggling), Central Board of Excise & Customs (CBEC), New Delhi.

15.   Shri Vikas Joshi, Deputy Commissioner, Customs, Central Excise/Tax & GST Zone, Jaipur.

16.   Shri A.L Srinath, Assistant Director, Directorate General of Goods and Service Tax Intelligence (DGGSTI), Zonal Unit, Bangalore.

17.   Shri P. Prasad, Assistant Director, Directorate General of Revenue Intelligence (DGRI), Cochin Regional Unit, Zonal unit, Bangalore.

18.   Shri Arvind Malhotra, Assistant Commissioner, Directorate General of Taxpayer Services (DGTS), New Delhi.

19.   Shri Swapan Kumar Nath, Assistant Director, Directorate General of Revenue Intelligence (DGRI) (Hqrs.), New Delhi.

20.   Ms. Veenapani Evarani Bansingh, Assistant Director (01-), Chief Commissioner Office, Rajbhasha Cell, Delhi Zone, New Delhi.

SUPERINTENDENTS 1 SENIOR INTELLIGENCE OFFICERS

21 .   Shri Manindra Sarania, Superintendent, Guwahati Customs Division, Shillong Zone, Shillong.

22.   Shri N. Siva Kumar, Senior Intelligence Officer, Directorate General of Goods and Service Tax Intelligence (DGGSTI), Zonal Unit, Hyderabad

23.   Shri Neeraj Garg, Additional Assistant Director, Directorate General of Human Resource Development (DGHRD), New Delhi.

24.   Shri Copal Charan Bahubalendra, Senior Intelligence Officer, Directorate General of Goods and Service Tax Intelligence (DGGSTI), Rourkela Regional Unit, Zonal Unit, Bhubaneswar.

25.   Shri Bharat Laxmanrao Gade, Superintendent, Mumbai Customs Zone-I, Mumbai.

26.   Ms. Bharati Singh, Superintendent, Kolkata Customs Zone, Kolkata.

27.   Shri Ravi Prakash Srivastava, Superintendent, Service Tax Policy Wing, Central Board of Excise & Customs (CBEC), New Delhi.

28.   Shri Anil Manchanda, Senior Intelligence Officer, Directorate General of Goods and Service Tax Intelligence (DGGSTI), Rohtak Regional unit, Zonal Unit, Delhi.

29.   Shri Mubeen Ahmed Juvale, Senior Intelligence Officer, Directorate General of Revenue Intelligence (DGRI), Zonal Unit, Mumbai.

30.   Shri Rashid Ashraf Wani, Senior Intelligence Officer, Directorate General of Revenue Intelligence (DGRI), Srinagar Regional Unit, Zonal Unit, Ludhiana.

31 . Shri Saumyes Gobinda Sen. Senior Intelligence Officer, Directorate General of Revenue Intelligence (DCRI), Zonal Unit, Kolkata.

32.   Sh. Akif Hussain Raja, Superintendent, Mumbai Central Excise/Tax & CST Zone, Mumbai.

33.   Shri Allen Rajesh Vas, Senior Intelligence Officer, Directorate General of Goods and Service Tax Intelligence (DGGSTI), Mangalore Regional Unit, Zonal Unit, Belagavi.

34.   Shri M.I. Ramachandran, Senior Intelligence Officer, Directorate General of Revenue Intelligence (DGRI), Zonal unit, Mumbai.

35.   Shri Ranjeet Singh, Senior Intelligence Officer, Directorate General of Revenue Intelligence (DGRI), Jammu Regional Unit, Zonal Unit, Ludhiana.

36.   Shri Ripu Sudan Kumar, Senior Intelligence Officer, Directorate General of Goods and Service Tax Intelligence (DGGSTI), Zonal Unit, Pune.

37.   Shri Ningombam Meiraba, Superintendent, Customs (Preventive) Division Imphal, Shillong Zone, Shillong.

38   Shri X. Sadeesh Kumar, Senior Intelligence Officer, Directorate General of Revenue Intelligence (DCRI), Tuticorin Regional Unit, Zonal Unit, Chennai.

MINISTERIAL OFFICERS

39   Shri Hari Charan Sahoo, Senior Private Secretary, Office of Chief Commissioner of CST, Central Excise & Customs, Bhubaneswar Zone, Bhubaneswar.

40.   Ms. Sudha Saini, Private Secretary, Directorate General of Revenue Intelligence (DGRI), Zpnal Unit, Lucknow.

INSPECTORS/INTELLIGENCE OFFICERS

41. Shri Sushant Harsh Sabat, Intelligence Officer, Directorate General of Revenue Intelligence (DGRI), Zonal Unit, Ahmedabad.

DRIVER

42.   Shri Nand Kishore Meena, Driver Special Grade, Directorate General of Revenue Intelligence (DGRI) (Hqrs.), New Delhi.

43.   Shri Chinta Mani Bansal, Driver Grade-I, Delhi Customs Zone, New Delhi.

HEAD HAVALDAR

44.   Shri Shyam Sahana, Head Havaldar, Directorate General of Revenue Intelligence (DGRI), Zonal Unit, Kolkata.

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