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September 1, 2026
India's CAD widens to USD 4.2 bn in Q1 amid West Asia conflict: RBI data
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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
Andhra commercial tax collections rise by 11 per cent in August to Rs 4,983 cr
Show AI Summary
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
Govt hikes windfall gains tax on petrol, diesel exports; cuts levy on ATF
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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
DGFT Enables Automated Issuance of Free Sale and Commerce Certificates to Promote Ease of Doing Business
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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
Bank unions to go on nationwide strike on Sep 11 over 5-day banking, other issues
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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
Stock markets close marginally lower amid higher oil prices, fresh US-Iran tensions
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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
Gross and Net GST revenue collections for the month of August, 2026
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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
A Quarter-Century of Trade. One Unbroken Connection.
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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
NCLT bars Subhash Chandra from alienating assets, stays Rs 6.5-cr repayment plan
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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
Rupee gains 28 paise to close at 94.94 against US dollar
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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
ED raids in Chhattisgarh PSC 'scam' case; Baghel's ex-PA raided
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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
NCLT bars Subhash Chandra from selling assets as lenders challenge Rs 6.5 cr settlement
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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
HIGHLIGHTS
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
Loan waiver scheme: Special Aadhaar verification process for farmers in Latur
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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
Gross GST mop-up grows 15 pc to Rs 2 lakh cr in Aug
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
NCLT issues notices in Subhash Chandra insolvency matter, directs not to dispose of property
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
Markets drift lower in early trade amid higher oil prices, fresh US-Iran tensions
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
ED raids in Chhattisgarh PSC 'scam' case; ex CM Baghel's PA raided
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
ITR filing for AY27 touches record 7.8 cr
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
DRI seizes over 42 kg foreign-origin gold worth more than RS. 65 crore in crackdown on gold smuggling
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.

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News and Press Release

Department for Promotion of Industry and Internal Trade (DPIIT) recognizes 59,787 entities as startups in the last 5 years

December 7, 2022

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In the last five years (years 2017, 2018, 2019, 2020 and 2021) 59,787 entities were recognised as startups by the DPIIT, Minister of State in the Ministry of Commerce and Industry, Shri Som Parkash said in reply to a parliament question.

Under Startup India Initiative, entities are recognized by the Department for Promotion of Industry and Internal Trade (DPIIT) as startups as per eligibility conditions prescribed under G.S.R. notification 127 (E) dated 19th February, 2019. As on 30th November 2022, 84,102 entities have been recognised as startups by the DPIIT.

Recognized startups are spread across 56 sectors. The State/ UT wise number of entities recognised as startups by the DPIIT in the last five years (years 2017, 2018, 2019, 2020, and 2021) is as under:

States

2017

2018

2019

2020

2021

Andaman and Nicobar Islands

1

2

8

5

13

Andhra Pradesh

97

158

174

231

296

Arunachal Pradesh

  

2

2

  

4

Assam

34

67

67

119

187

Bihar

46

145

154

258

390

Chandigarh

21

25

39

53

69

Chhattisgarh

56

118

158

153

165

Dadra and Nagar Haveli and Daman and Diu

4

1

3

5

12

Delhi

713

1,147

1,371

1,765

2,178

Goa

19

43

41

67

80

Gujarat

278

434

591

878

1,709

Haryana

253

474

694

806

1,060

Himachal Pradesh

9

16

28

41

56

Jammu and Kashmir

13

43

37

64

132

Jharkhand

35

85

88

163

191

Karnataka

828

1,172

1,659

1,729

2,141

Kerala

158

320

647

699

919

Ladakh

      

1

  

Lakshadweep

      

1

  

Madhya Pradesh

101

287

327

423

557

Maharashtra

1,047

1,607

2,118

2,671

3,703

Manipur

3

7

6

12

37

Meghalaya

  

2

5

  

9

Mizoram

  

2

1

1

2

Nagaland

4

2

2

5

7

Odisha

105

163

184

277

389

Puducherry

3

15

10

13

17

Punjab

28

63

92

146

240

Rajasthan

137

241

349

493

619

Sikkim

1

  

2

1

3

Tamil Nadu

252

448

602

755

1,103

Telangana

303

496

592

798

980

Tripura

  

2

7

23

11

Uttar Pradesh

385

764

873

1,370

1,966

Uttarakhand

43

69

97

114

162

West Bengal

170

269

300

394

682

Grand Total

5,147

8,689

11,328

14,534

20,089

 AD/KP/MS

 ANNEXURE-II

 ANNEXURE REFERRED TO IN  REPLY TO PART (a) OF THE  LOK SABHA UNSTARRED QUESTION NO. 130 FOR ANSWER ON 07.12.2022.

 Sector-wise number of entities recognised as startups by the DPIIT in the last five years (years 2017, 2018, 2019, 2020, and 2021) is as under: 

S. No.

Sector

2017

2018

2019

2020

2021

1

Advertising

50

90

113

107

125

2

Aeronautics Aerospace & Defence

27

74

97

111

208

3

Agriculture

168

307

521

630

1,101

4

AI

70

213

336

291

324

5

Airport Operations

 

 

 

2

3

6

Analytics

57

100

112

95

143

7

Animation

5

11

13

15

13

8

AR VR (Augmented + Virtual Reality)

39

66

90

58

90

9

Architecture Interior Design

19

46

66

97

99

10

Art & Photography

35

32

39

44

48

11

Automotive

82

140

179

259

418

12

Biotechnology

 

 

 

11

99

13

Chemicals

15

40

60

118

213

14

Computer Vision

21

31

44

47

47

15

Construction

79

207

347

559

869

16

Dating Matrimonial

3

8

13

12

14

17

Design

51

103

96

118

113

18

Education

295

743

771

930

1,298

19

Enterprise Software

141

234

310

257

288

20

Events

21

40

59

63

80

21

Fashion

60

110

129

190

240

22

Finance Technology

154

232

429

469

592

23

Food & Beverages

170

357

533

643

1,010

24

Green Technology

129

267

380

352

314

25

Healthcare & Lifesciences

471

738

995

1,403

1,894

26

House-Hold Services

39

72

89

113

101

27

Human Resources

50

140

210

325

382

28

Indic Language Startups

58

 

 

13

61

29

Internet of Things

133

260

289

243

223

30

IT Services

578

1,358

1,601

1,944

2,211

31

Logistics

 

 

 

17

168

32

Marketing

67

239

262

363

347

33

Media & Entertainment

86

161

217

241

268

34

Nanotechnology

10

18

24

28

25

35

Non- Renewable Energy

11

23

35

400

762

36

Other Specialty Retailers

28

63

72

159

110

37

Others

839

5

0

89

981

38

Passenger Experience

 

 

 

 

4

39

Pets & Animals

12

21

29

34

50

40

Professional & Commercial Services

185

376

492

784

1,121

41

Real Estate

34

79

124

125

120

42

Renewable Energy

135

279

303

365

518

43

Retail

113

238

282

411

406

44

Robotics

27

69

92

84

88

45

Safety

12

25

34

55

69

46

Security Solutions

36

82

102

151

242

47

Social Impact

37

62

82

87

133

48

Social Network

57

81

124

109

124

49

Sports

25

41

66

83

87

50

Technology Hardware

144

255

332

555

577

51

Telecommunication & Networking

47

101

94

160

186

52

Textiles & Apparel

58

98

124

197

308

53

Toys and Games

 

 

 

4

79

54

Transportation & Storage

97

162

252

285

254

55

Travel & Tourism

67

192

265

206

242

56

Waste Management

 

 

 

23

199

Grand Total

5,147

8,689

11,328

14,534

20,089

 

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