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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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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
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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.
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
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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
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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.
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
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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
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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
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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
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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
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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
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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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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.
September 1, 2026
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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
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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.

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PMLA, Black Money & ED

National Single Window System (NSWS) Portal used for all proposals seeking Govt. approval under FDI route

March 25, 2023

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To promote foreign investment, the Government has put in place an investor  friendly policy, wherein most sectors, except certain strategically important sectors, are open for 100% FDI under the automatic route, the Minister of State in the Ministry of Commerce and Industry, Shri Som Parkash said in reply to a parliamentary question. Further, the policy on FDI is reviewed on an ongoing basis, to ensure that India remains an attractive and investor friendly destination. To simplify the approval process of foreign Investment and to promote ease of doing business, the erstwhile Foreign Investment Promotion Board (FIPB) has been abolished in May 2017 and a new regime  has been put in place. Under the new regime, process for granting FDI approvals   has been simplified wherein the work relating to processing of applications for FDI has been delegated to the concerned Ministries/ Departments and DPIIT is the nodal department  for facilitating the process. Detailed standard operating  procedure for approval process has been issued by DPIIT. Further, all proposals seeking Government approval under FDI route are now filed on National Single   Window System (NSWS) Portal.

FDI policy provisions have been progressively liberalized and simplified across various sectors in the last eight years, such as Pension, Other Financial Services, Asset reconstruction Companies, Broadcasting, Pharmaceuticals, Single Brand Retail Trading, Construction & Development, Power Exchanges, e- commerce activities, Coal Mining, Contract  Manufacturing, Civil Aviation etc. In the recent past, reforms in the FDI Policy have been undertaken in sectors such as Defence, Insurance, Petroleum & Natural Gas and Telecom. FDI in defence sector is now allowed up to 74% (from earlier 49%) through automatic route for companies seeking new industrial license. In insurance sector, FDI limit has been raised from 49% to 74% for insurance companies under the automatic route and foreign ownership and control has been allowed with safeguards. FDI up to 20% in Life Insurance Corporation of India (LIC) has been permitted under automatic   route. Further, FDI up to 100% under the automatic route has been permitted in Telecom sector. Details of Sectors wherein in FDI has increased in past 8 years, as compared to preceding 8 years is placed below:

Details of Sectors wherein in FDI has increased in past 8 years, as compared  to preceding 8 years, in descending order of FDI Equity Inflow from April 2014 to March 2022 (excluding reinvested earnings, other capital and equity in incorporated bodies)

SECTOR-WISE COMPARISON of Amount of FDI  Equity Inflow (In USD Million) (Approx.)

 

Sl. No

 

Sector

April 2006 to  March 2014

April 2014 to  March 2022

Growth %

(1)

(2)

(3)

(4)

(5)

1

COMPUTER SOFTWARE & HARDWARE

9,599

72,700

657

 

2

SERVICES SECTOR

(Fin., Banking, Insurance, Non Fin/Business, Outsourcing, R&D, Courier, Tech. Testing and Analysis, Other)

 

37,628

 

54,689

 

45

3

TRADING

5,132

29,440

474

4

CONSTRUCTION (INFRASTRUCTURE)

ACTIVITIES

2,575

25,407

887

5

TELECOMMUNICATIONS

12,098

24,168

100

6

AUTOMOBILE INDUSTRY

8,580

23,030

168

7

CHEMICALS (OTHER THAN FERTILIZERS)

8,864

9,785

10

8

HOTEL & TOURISM

6,880

9,269

35

9

METALLURGICAL INDUSTRIES

7,644

8,940

17

10

NON-CONVENTIONAL ENERGY

2,997

8,618

188

11

ELECTRICAL EQUIPMENTS

2,927

7,369

152

12

EDUCATION

941

6,777

620

13

INFORMATION & BROADCASTING

(INCLUDING PRINT MEDIA)

3,511

5,962

70

14

HOSPITAL & DIAGNOSTIC CENTRES

2,163

5,644

161

15

CONSULTANCY SERVICES

1,939

5,524

185

16

RETAIL TRADING

107

3,856

3515

17

SEA TRANSPORT

1,051

3,715

254

18

INDUSTRIAL MACHINERY

2,668

3,413

28

19

AIR TRANSPORT (INCLUDING AIR

FREIGHT)

476

3,050

541

20

CEMENT AND GYPSUM PRODUCTS

2,190

2,612

19

21

TEXTILES (INCLUDING DYED,PRINTED)

1,217

2,583

112

22

ELECTRONICS

803

2,267

182

23

MINING

952

2,252

136

24

FERMENTATION INDUSTRIES

1,604

1,995

24

25

RUBBER GOODS

1,360

1,838

35

26

PRINTING OF BOOKS (INCLUDING LITHO

PRINTING INDUSTRY)

370

1,799

386

27

MEDICAL AND SURGICAL APPLIANCES

700

1,629

133

28

SOAPS, COSMETICS & TOILET

PREPARATIONS

653

1,506

131

29

PRIME MOVER (OTHER THAN ELECTRICAL

GENERATORS)

1,058

1,471

39

30

GLASS

331

859

160

31

DIAMOND,GOLD ORNAMENTS

387

780

102

32

RAILWAY RELATED COMPONENTS

470

721

53

33

AGRICULTURAL MACHINERY

187

641

243

34

VEGETABLE OILS AND VANASPATI

383

623

63

35

FERTILIZERS

263

394

50

36

BOILERS AND STEAM GENERATING

PLANTS

61

314

411

37

EARTH-MOVING MACHINERY

145

313

117

38

SUGAR

45

184

310

39

SCIENTIFIC INSTRUMENTS

129

164

28

40

GLUE AND GELATIN

9

138

1374

41

TIMBER PRODUCTS

85

129

52

42

LEATHER, LEATHER GOODS AND PICKERS

95

109

15

43

DYE-STUFFS

17

83

398

44

DEFENCE INDUSTRIES

5

8

55

 Details of top 10 sectors that comprise more than 75% of FDI Equity inflow (excluding reinvested earnings, other capital and equity in incorporated bodies) received in the country during the last three financial years (from April 2019 to March 2022) are as under:

STATEMENT ON TOP SECTOR-WISE FDI EQUITY INFLOW FROM April 2019 TO March 2022

 

Sr. No.

 

Sector

Amount of FDI

Equity Inflow

(In USD Million)

%age of Total

FDI Equity Inflow

(1)

(2)

  (3)

  (4)

1

COMPUTER SOFTWARE

& HARDWARE

48,279

29

 

 

2

SERVICES SECTOR (Fin.,

Banking, Insurance, Non Fin/Business, Outsourcing, R&D, Courier, Tech. Testing and Analysis, Other)

 

 

20,045

 

 

12

3

CONSTRUCTION

(INFRASTRUCTURE) ACTIVITIES

13,164

8

4

TRADING

11,720

7

5

AUTOMOBILE INDUSTRY

11,455

7

6

METALLURGICAL INDUSTRIES

5,713

3

7

TELECOMMUNICATIONS

5,505

3

8

EDUCATION

5,245

3

9

HOTEL & TOURISM

4,036

2

10

NON-CONVENTIONAL ENERGY

3,792

2

 

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