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September 1, 2026
DGFT Enables Automated Issuance of Free Sale and Commerce Certificates to Promote Ease of Doing Business
Show AI Summary
Automated Free Sale and Commerce Certificate issuance reduces manual scrutiny while preserving risk-based review for eligible exporters.
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September 1, 2026
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Show AI Summary
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September 1, 2026
Stock markets close marginally lower amid higher oil prices, fresh US-Iran tensions
Show AI Summary
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Gross and Net GST revenue collections for the month of August, 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
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
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
Rupee gains 28 paise to close at 94.94 against US dollar
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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
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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.
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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.
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September 1, 2026
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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.
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India's Index of Industrial Production grows by 4.9 % in March 2024

May 10, 2024

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QUICK ESTIMATE OF INDEX OF INDUSTRIAL PRODUCTION AND USE-BASED INDEX FOR THE MONTH OF MARCH 2024
(BASE 2011-12=100)

For the month of March 2024, the Quick Estimates of Index of Industrial Production (IIP) with base 2011-12 stands at 159.2. The Indices of Industrial Production for the Mining, Manufacturing and Electricity sectors for the month of March 2024 stand at 156.1, 155.1 and 204.2 respectively. These Quick Estimates will undergo revision in subsequent releases as per the revision policy of IIP.

The Quick Estimates of Index of Industrial Production (IIP) are released on 12th of every month (or previous working day if 12th is a holiday) with a six weeks lag and compiled with data received from source agencies, which in turn receive the data from the producing factories/ establishments.

The IIP growth rates for the month of March 2024 over the corresponding period of previous year is 4.9 percent. The growth rates of the three sectors, Mining, Manufacturing and Electricity for the month of March 2024 over March 2023 are 1.2 percent, 5.2 percent and 8.6 percent respectively. Within the manufacturing sector, the growth rate of the top three positive contributors to the growth of IIP for the month of March 2024 are – “Manufacture of basic metals” (7.7%), “Manufacture of pharmaceuticals, medicinal chemical and botanical products” (16.7%), and “Manufacture of other transport equipment” (25.4%).

The cumulative growth rate for the period of April-March 2023-24 over the corresponding period of the previous year stands at 5.8 percent. The cumulative growth rates of the three sectors, Mining, Manufacturing and Electricity for the period of April-March 2023-24 over the corresponding period of the previous year are 7.5 percent, 5.5 percent and 7.1 percent respectively.

As per Use-based classification, the indices stand at 162.2 for Primary Goods, 130.5 for Capital Goods, 167.5 for Intermediate Goods and 194.2 for Infrastructure/ Construction Goods for the month of March 2024. Further, the indices for Consumer durables and Consumer non-durables stand at 129.9 and 154.7 respectively for the month of March 2024.

The corresponding growth rates of IIP as per Use-based classification in March 2024 over March 2023 are 2.5 percent in Primary goods, 6.1 percent in Capital goods, 5.1 percent in Intermediate goods, 6.9 percent in Infrastructure/ Construction Goods, 9.5 percent in Consumer durables and 4.9 percent in Consumer non-durables (Statement III). 

Details of Quick Estimates of the Index of Industrial Production for the month of March 2024 at Sectoral, 2-digit level of National Industrial Classification (NIC-2008) and by Use-based classification are given at Statements I, II and III respectively. Also, for users to appreciate the changes in the industrial sector, Statement IV provides month-wise indices for the last 12 months, by industry groups (as per 2-digit level of NIC-2008) and sectors.

Along with the Quick Estimates of IIP for the month of March 2024, the indices for February 2024 have undergone the first revision and those for December 2023 have undergone final revision in the light of the updated data received from the source agencies. The Quick Estimates for March 2024, the first revision for February 2024 and the final revision for December 2023 have been compiled at weighted response rates of 93 percent, 95 percent and 96 percent respectively.

Note:

  1. Press release is also available at the Website of the Ministry -http://www.mospi.gov.in
  2. Press release in Hindi follows and shall be available at:

https://www.mospi.gov.in/hi

STATEMENT I: INDEX OF INDUSTRIAL PRODUCTION - SECTORAL

(Base: 2011-12=100)

Month

Mining

Manufacturing

Electricity

General

(14.372472)

(77.63321)

(7.994318)

(100)

2022-23

2023-24

2022-23

2023-24

2022-23

2023-24

2022-23

2023-24

Apr

116.6

122.6

131.6

138.8

194.5

192.3

134.5

140.7

May

120.4

128.1

134.6

143.1

199.9

201.6

137.8

145.6

Jun

113.7

122.3

136.8

141.6

196.9

205.2

138.3

143.9

Jul

101.1

111.9

135.0

142.1

188.9

204.0

134.4

142.7

Aug

99.6

111.9

131.3

144.4

191.3

220.5

131.5

145.8

Sep

100.0

111.5

134.6

141.5

187.4

205.9

133.8

142.3

Oct

112.6

127.4

128.5

142.1

169.3

203.8

129.5

144.9

Nov

122.7

131.3

137.5

139.3

166.7

176.3

137.7

141.1

Dec

132.6

139.5

144.9

151.6

179.4

181.6

145.9

152.3

Jan

136.1

144.1

145.5

150.7

186.6

197.1

147.4

153.5

Feb

129.2

139.7

137.6

144.3

174.0

187.1

139.3

147.1

Mar*

154.2

156.1

147.5

155.1

188.0

204.2

151.7

159.2

Average

                

 

                

Apr-Mar

119.9

128.9

137.1

144.6

185.2

198.3

138.5

146.6

 

                

Growth over the corresponding period of previous year#

        

 

                

Mar*

6.8

1.2

1.5

5.2

-1.6

8.6

1.9

4.9

 

                

Apr-Mar

5.8

7.5

4.7

5.5

8.9

7.1

5.2

5.8

 

    

 

 

 

 

 

 

 

* Figures for Mar’24 are Quick Estimates.

NOTE: Indices for the months of Dec'23 and Feb'24 incorporate updated production data.

#The growth rates over corresponding period of previous year are to be interpreted considering the unusual circumstances on account of COVID 19 pandemic since March 2020

 

        STATEMENT II:  INDEX OF INDUSTRIAL PRODUCTION - (2-DIGIT LEVEL)

 

(Base: 2011-12=100)

 

Industry

code

Description

Weight

Index

Cumulative Index

Percentage growth #

 

 

Mar'23

Mar'24*

Apr-Mar*

Mar'24*

Apr-Mar*

 

 

 

 

 

2022-23

2023-24

 

2023-24

10

Manufacture of food products

5.3025

147.2

141.5

132.4

134.2

-3.9

1.4

11

Manufacture of beverages

1.0354

123.5

124.0

105.5

110.9

0.4

5.1

12

Manufacture of tobacco products

0.7985

95.5

78.4

88.4

81.2

-17.9

-8.1

13

Manufacture of textiles

3.2913

110.2

109.3

107.5

108.0

-0.8

0.5

14

Manufacture of wearing apparel

1.3225

133.1

143.1

127.9

109.8

7.5

-14.2

15

Manufacture of leather and related products

0.5021

106.2

95.3

96.0

94.9

-10.3

-1.1

16

Manufacture of wood and products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials

0.1930

108.1

111.5

104.5

98.3

3.1

-5.9

17

Manufacture of paper and paper products

0.8724

83.1

83.2

82.4

79.4

0.1

-3.6

18

Printing and reproduction of recorded media

0.6798

91.7

93.2

90.6

89.5

1.6

-1.2

19

Manufacture of coke and refined petroleum products

11.7749

141.1

139.6

128.0

132.7

-1.1

3.7

20

Manufacture of chemicals and chemical products

7.8730

130.1

129.7

129.3

127.1

-0.3

-1.7

21

Manufacture of pharmaceuticals, medicinal chemical and botanical products

4.9810

194.7

227.3

216.2

233.4

16.7

8.0

22

Manufacture of rubber and plastics products

2.4222

110.2

116.6

104.5

109.1

5.8

4.4

23

Manufacture of other non-metallic mineral products

4.0853

152.8

164.6

135.3

144.3

7.7

6.7

24

Manufacture of basic metals

12.8043

214.0

230.5

191.9

213.9

7.7

11.5

25

Manufacture of fabricated metal products, except machinery and equipment

2.6549

95.4

114.8

85.3

92.5

20.3

8.4

26

Manufacture of computer, electronic and optical products

1.5704

134.1

132.7

137.2

121.6

-1.0

-11.4

27

Manufacture of electrical equipment

2.9983

108.7

123.9

99.3

106.7

14.0

7.5

28

Manufacture of machinery and equipment n.e.c.

4.7653

141.3

144.9

113.5

120.8

2.5

6.4

29

Manufacture of motor vehicles, trailers and semi-trailers

4.8573

122.4

130.5

114.5

127.8

6.6

11.6

30

Manufacture of other transport equipment

1.7763

139.2

174.5

127.0

144.6

25.4

13.9

31

Manufacture of furniture

0.1311

210.9

276.3

204.1

190.0

31.0

-6.9

32

Other manufacturing

0.9415

108.5

89.9

90.9

85.3

-17.1

-6.2

 

 

              

05

Mining

14.3725

154.2

156.1

119.9

128.9

1.2

7.5

10-32

Manufacturing

77.6332

147.5

155.1

137.1

144.6

5.2

5.5

35

Electricity

7.9943

188.0

204.2

185.2

198.3

8.6

7.1

 

 

              

 

General Index

100.00

151.7

159.2

138.5

146.6

4.9

5.8

* Figures for Mar’24 are Quick Estimates.

              

#The growth rates over corresponding period of previous year are to be interpreted considering the unusual circumstances on account of COVID 19 pandemic since March 2020

 

STATEMENT III: INDEX OF INDUSTRIAL PRODUCTION - USE-BASED

(Base :2011-12=100)

 

Primary goods

Capital goods

Intermediate goods

Infrastructure/ Construction goods

Consumer durables

Consumer non-durables

Month

(34.048612)

(8.223043)

(17.221487)

(12.338363)

(12.839296)

(15.329199)

 

2022-23

2023-24

2022-23

2023-24

2022-23

2023-24

2022-23

2023-24

2022-23

2023-24

2022-23

2023-24

Apr

139.5

142.2

88.5

92.4

149.5

152.0

149.7

169.8

110.7

108.1

138.9

154.7

May

144.7

149.9

94.9

102.6

151.7

156.9

153.3

173.2

113.9

115.6

137.5

149.8

Jun

139.3

146.7

104.4

107.4

146.6

154.2

150.8

170.9

125.3

116.8

145.9

146.7

Jul

131.7

141.8

97.1

102.1

149.0

153.8

151.3

170.3

121.4

117.0

141.7

153.5

Aug

129.4

145.4

95.0

107.4

146.6

157.4

152.8

176.8

116.2

123.2

134.9

148.3

Sep

128.5

138.8

103.9

112.6

145.3

154.2

156.9

172.8

123.8

125.0

138.9

142.6

Oct

131.2

146.1

87.2

106.1

143.8

157.5

156.2

175.9

106.1

123.0

130.3

142.4

Nov

132.6

143.8

99.1

98.0

146.3

151.3

161.7

164.2

111.9

106.5

162.7

157.2

Dec

145.0

151.9

100.1

103.8

154.1

159.8

170.9

180.3

108.8

114.5

174.4

179.7

Jan

149.9

154.2

104.9

108.5

155.6

163.8

176.9

186.7

108.8

121.7

164.4

164.0

Feb

139.9

148.2

104.9

106.0

145.1

157.7

165.7

179.8

108.3

121.7

154.8

149.4

Mar*

158.3

162.2

123.0

130.5

159.4

167.5

181.7

194.2

118.6

129.9

147.5

154.7

Average

                        

 

                        

Apr-Mar

139.2

147.6

100.3

106.5

149.4

157.2

160.7

176.2

114.5

118.6

147.7

153.6

Growth over the corresponding period of previous year#

            

Mar*

3.3

2.5

10.0

6.1

1.8

5.1

7.2

6.9

-8.0

9.5

-1.9

4.9

 

                        

Apr-Mar

7.5

6.0

13.1

6.2

3.8

5.2

8.4

9.6

0.6

3.6

0.7

4.0

* Figures for Mar’24 are Quick Estimates.

NOTE: Indices for the months of Dec'23 and Feb'24 incorporate updated production data.

          

#The growth rates over corresponding period of previous year are to be interpreted considering the unusual circumstances on account of COVID 19 pandemic since March 2020

 

STATEMENT IV:  MONTHLY INDEX OF INDUSTRIAL PRODUCTION - (2-DIGIT LEVEL)
(Base: 2011-12=100)
Ind
code
Description
Weight
Apr-23
May-23
Jun-23
Jul-23
Aug-23
Sep-23
Oct-23
Nov-23
Dec-23
Jan-24
Feb-24
Mar-24*
10
Manufacture of food products
5.3025
137.8
123.2
113.6
121.6
123.9
114.6
123.5
141.5
160.8
157.7
151.0
141.5
11
Manufacture of beverages
1.0354
109.2
124.1
125.0
109.4
103.4
101.6
99.6
100.7
101.3
112.4
120.0
124.0
12
Manufacture of tobacco products
0.7985
67.1
83.7
93.8
71.8
81.4
89.8
82.7
79.8
82.7
85.6
77.5
78.4
13
Manufacture of textiles
3.2913
105.6
107.4
107.8
108.5
107.1
108.4
110.2
102.7
112.3
111.2
105.7
109.3
14
Manufacture of wearing apparel
1.3225
92.1
112.2
120.1
103.9
97.8
102.4
97.8
92.9
113.1
116.6
125.4
143.1
15
Manufacture of leather and related products
0.5021
97.7
101.1
103.4
95.1
92.4
91.8
91.1
78.8
95.9
99.5
96.5
95.3
16
Manufacture of wood and products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials
0.1930
89.4
98.7
98.0
98.4
98.5
108.1
93.7
87.6
97.7
96.5
101.8
111.5
17
Manufacture of paper and paper products
0.8724
79.8
77.9
81.3
82.1
82.3
78.5
78.5
73.3
78.1
79.1
78.6
83.2
18
Printing and reproduction of recorded media
0.6798
88.6
88.7
88.7
89.0
91.0
87.5
87.0
84.1
95.5
90.8
89.4
93.2
19
Manufacture of coke and refined petroleum products
11.7749
129.1
138.0
133.5
131.9
131.7
122.4
125.7
132.9
141.9
134.6
131.2
139.6
20
Manufacture of chemicals and chemical products
7.8730
126.6
133.8
130.5
128.6
126.8
123.6
126.5
119.5
127.5
127.7
124.8
129.7
21
Manufacture of pharmaceuticals, medicinal chemical and botanical products
4.9810
237.0
227.9
225.3
244.5
225.9
220.1
212.8
244.3
286.3
244.0
205.0
227.3
22
Manufacture of rubber and plastics products
2.4222
106.3
112.7
106.5
107.7
108.5
106.5
109.0
105.1
106.9
111.7
111.2
116.6
23
Manufacture of other non-metallic mineral products
4.0853
146.7
148.4
149.5
134.0
142.5
132.8
140.5
127.0
147.1
149.2
148.9
164.6
24
Manufacture of basic metals
12.8043
201.9
206.3
203.4
209.4
217.4
213.6
217.2
207.3
220.2
226.2
213.2
230.5
25
Manufacture of fabricated metal products, except machinery and equipment
2.6549
76.4
87.1
86.7
83.8
100.0
97.1
92.8
81.0
98.1
96.9
95.7
114.8
26
Manufacture of computer, electronic and optical products
1.5704
111.5
115.1
121.9
118.6
131.4
149.4
123.1
96.7
111.6
121.0
126.1
132.7
27
Manufacture of electrical equipment
2.9983
106.6
106.6
103.5
102.5
108.6
108.0
94.8
89.0
116.6
108.7
111.6
123.9
28
Manufacture of machinery and equipment n.e.c.
4.7653
107.7
116.2
123.7
119.9
126.3
127.0
123.3
109.1
115.5
116.5
119.8
144.9
29
Manufacture of motor vehicles, trailers and semi-trailers
4.8573
112.9
126.1
123.6
129.5
128.6
130.5
135.7
126.7
118.5
140.7
130.3
130.5
30
Manufacture of other transport equipment
1.7763
119.5
131.2
140.6
123.5
145.9
166.0
157.2
144.5
137.2
149.5
145.8
174.5
31
Manufacture of furniture
0.1311
144.7
179.9
183.0
190.6
189.5
185.1
176.8
144.5
197.4
199.2
212.6
276.3
32
Other manufacturing
0.9415
87.8
79.2
85.6
97.1
94.6
96.7
103.7
65.8
70.5
76.7
76.3
89.9
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
5
Mining
14.3725
122.6
128.1
122.3
111.9
111.9
111.5
127.4
131.3
139.5
144.1
139.7
156.1
10-32
Manufacturing
77.6332
138.8
143.1
141.6
142.1
144.4
141.5
142.1
139.3
151.6
150.7
144.3
155.1
35
Electricity
7.9943
192.3
201.6
205.2
204.0
220.5
205.9
203.8
176.3
181.6
197.1
187.1
204.2
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
General Index
100.00
140.7
145.6
143.9
142.7
145.8
142.3
144.9
141.1
152.3
153.5
147.1
159.2

* Figures for Mar’24 are Quick Estimates.

NOTE: Indices for the months of Dec'23 and Feb'24 incorporate updated production data.

The Indices are to be interpreted considering the unusual circumstances on account of COVID 19 pandemic since March 2020

Topics

Acts Income Tax
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