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September 1, 2026
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Foreign exchange market dynamics: rupee appreciation reflected portfolio inflows, domestic growth, and possible central-bank intervention amid external pressures.
The rupee appreciated against the US dollar, supported by domestic growth, controlled fiscal slippage, portfolio-related inflows and possible Reserve Bank of India intervention. Its gains were limited by weak equity markets, rising crude oil prices and a stronger dollar. External geopolitical tensions and hawkish US monetary signals remained potential pressures. Domestic indicators showed strong economic activity, while the current account deficit widened because of a higher merchandise trade deficit. Foreign portfolio inflows continued despite investors remaining net sellers during the year.
September 1, 2026
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Current account deficit widened as merchandise trade deficit increased, notwithstanding stronger services receipts, remittances, and foreign direct investment inflows.
India's current account deficit widened in the first quarter of 2026-27 as the merchandise trade deficit increased. Higher net services receipts, increased personal transfer receipts and lower net primary-income outgo partly supported the external account. Financial-account movements included higher net foreign direct investment inflows, a shift in foreign portfolio investment from net inflow to net outflow, and lower net inflows through non-resident deposits and external commercial borrowings. Foreign exchange reserves declined on a balance-of-payments basis during the quarter.
September 1, 2026
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Technology-enabled tax compliance and enforcement supported higher commercial tax collections, while GST rate reductions moderated sectoral net GST growth.
Technology-enabled tax administration supported commercial tax and net GST collection growth in Andhra Pradesh during August 2026 and the cumulative period through August. AI-based analytics and scrutiny, IGST reversals, UPI-based enforcement, registration verification, Aadhaar authentication, digital payment enablement, predictive analytics and data sharing strengthened compliance, scrutiny and revenue mobilisation. Petroleum VAT, professional tax, liquor VAT and IGST settlement also increased, while GST rate reductions moderated net GST performance in specified product sectors.
September 1, 2026
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Windfall gains tax on petroleum exports rises for petrol and diesel while aviation turbine fuel levy is reduced.
Special additional excise duty and road and infrastructure cess on petroleum-product exports are revised with effect from 1 September 2026. The export duty on diesel is increased, the levy on aviation turbine fuel is marginally reduced, and a duty is imposed on petrol exports. Existing duty rates for petrol and diesel cleared for domestic consumption remain unchanged. The windfall-tax framework seeks to support domestic fuel availability and deter exporters from benefiting from domestic and international price differences.
September 1, 2026
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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
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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
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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
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GST revenue collections show higher gross and net receipts alongside increased refunds and state-level settlement data.
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September 1, 2026
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September 1, 2026
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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
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Rupee exchange-rate movement reflects portfolio inflows, growth data and possible central-bank support, while crude oil prices constrain gains.
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September 1, 2026
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September 1, 2026
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September 1, 2026
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September 1, 2026
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Aadhaar authentication alternatives enable eligible farmers with failed fingerprint verification to access loan-waiver benefits after identity verification.
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September 1, 2026
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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.
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September 1, 2026
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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
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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.
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
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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.

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100% Electrification of Broad Gauge Routes of Indian Railways

September 12, 2018

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Cabinet Committee on Economic Affairs (CCEA)

100% Electrification of Broad Gauge Routes of Indian Railways

CCEA has approved electrification of remaining unelectrified broad gauge (BG) routes of Indian Railways

Upon completion of electrification of the proposed routes, Indian Railways broad gauge network will be 100% operational on electric traction

Significant benefits in the areas of Safety, Capacity, Speed, Energy Security & Sustainability

Proposed electrification is mainly for missing links and last mile connectivity and will increase the operational efficiency, enhance the line capacity and improve the average speed of trains

Post electrification, Indian Railways is likely to save ₹ 13,510 crore per annum in fuel bill

Will generate direct employment of about 20.4 crore man days during the period of construction.

Posted On: 12 SEP 2018 4:09PM by PIB Delhi

The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has approved the proposal for electrification of balance un-electrified BG routes of Indian Railways (IR) comprising of 108 sections covering 13,675 route kilometers (16,540 track kilometers) at a cost of ₹ 12,134.50 crore. This electrification is likely to be completed by 2021-22.

The major trunk routes on IR network have already been electrified and are operational. Considering the requirement for seamless operation of rail traffic across the network, it is necessary that the bottlenecks created by the need to change traction are done away with. The proposed electrification, which is mainly for missing links and last mile connectivity will increase the operational efficiency, enhance the line capacity and improve the average speed of trains.

The approved electrification will reduce the use of imported fossil fuels thereby improve energy security to the Nation. After the planned electrification, there would be reduction in the consumption of high speed diesel oil by about 2.83 billion litres per annum and a reduction in GHG emissions. This will also reduce environmental impact of Railways.

Currently, around two thirds of freight and more than half of passenger traffic in Indian Railways moves on electric traction. However, electric traction accounts for just 37% of the total energy expenses of Indian Railways. Due to this advantage, post electrification, Indian Railways is likely to save ₹ 13,510 crore per annum in fuel bill and the same will improve its finances.

The approved electrification will generate direct employment of about 20.4 crore man days during the period of construction.

The benefits from this decision are listed below:

Capacity & Speed

  • 100% electrification will provide seamless train operation by eliminating detention of trains due to change in traction from diesel to electric and vice versa.
  • It will help Railways in enhancing line capacity due to higher speed & higher haulage capacity of electric locomotives

Safety

  • Improved signalling system will lead to enhanced safety in train operation

Energy Security

  • In line with the new Auto Fuel Policy of the Government, total shift to electric traction will reduce fossil fuel consumption of about 2.83 billion liters per annum
  • Reduced dependence on imported petroleum based fuels will ensure energy security to the nation

Energy bill savings

  • Overall savings in fuel bill to the extent of ₹ 13,510 cr per annum. Electrification of sections covered under this decision will result in net savings of ₹ 3,793 cr per annum
  • Reduced expenditure on maintenance of locomotive as electric locomotive  maintenance cost is ₹ 16.45 per thousand GTKM compared to diesel locomotive  maintenance cost which is ₹ 32.84 per thousand GTKM
  • Regeneration facility of electric locomotives will save 15-20% energy
  • Reduced overall requirement of electric loco due to higher horse power

Sustainability

  • Reduced carbon footprint as environmental cost per Tonne Km for Electric Traction is 1.5 Paisa and for Diesel Traction 5.1 paisa
  • In line with commitment made by India in COP21, total shift to electric traction will reduce CO2 emission of Railways by 24% till 2027-28
  • Green house gas emission for electric traction will fall below diesel traction by 2019-20 making it environmentally friendly option.

Employment Generation

  • Direct employment during construction phase for about 20.4 crore Man days.
  • The complete electrification of railway is poised to continue the growth story of Indian Railways. Through the aforementioned benefits, complete electrification will act as a catalyst for the modernisation process and deliver greater economic benefits. It will help Indian Railways become the growth engine of India as envisaged by the Prime Minister Shri Narendra Modi.

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