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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.
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.
August 31, 2026
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Personal insolvency repayment plans: conflicting views on binding dissenting creditors prompted reconsideration through an expanded adjudicatory bench.
National Company Law Tribunal constituted a five-member bench after conflicting views on a personal insolvency repayment plan left no majority position for a formal order. The central issue is whether creditor approval of the plan binds dissenting creditors and extinguishes their claims against the personal guarantor. One view preserved dissenting creditors' independent recovery rights, while another applied the creditor-approved plan uniformly to all creditors. Disagreement also concerns the Adjudicating Authority's power to examine the resolution professional's report of the creditors' meeting.
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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Rupee exchange-rate support through suspected intervention and FCNR(B) inflows offset pressure from dollar strength and higher crude prices.
Rupee exchange-rate movement reflected a recovery from early losses to close stronger against the US dollar, amid market expectations of Reserve Bank of India support at lower trading levels. Pressure arose from higher US Treasury yields, possible US rate-hike expectations and a broad dollar rally. Suspected intervention, FCNR(B)-related foreign-currency flows and the special USD-INR forex swap facility supported sentiment, while rising crude prices, geopolitical supply risks and foreign institutional equity outflows remained adverse factors.
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.
August 31, 2026
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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.
Personal insolvency proceedings concerning personal guarantees distinguish a guarantor's liability from the underlying borrowing entities' debts. Claims against the guarantor arise from guarantees furnished for loans obtained by Essel Group-associated entities, while the borrowers' repayment obligations remain enforceable and creditors may pursue corporate assets and securities. Dissenting lenders have challenged the resolution-plan voting process, alleging that family-linked associates or related parties should have been excluded from committee of creditors voting.
August 31, 2026
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National accounts revisions align GDP and sectoral estimates with updated price, production and banking service indicators.
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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News and Press Release

PM GatiShakti National Master Plan completes 3 years of transforming India's Infrastructure landscape

October 14, 2024

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PM GatiShakti has reduced logistics cost and enabled better service delivery:Shri Piyush Goyal

More than 44 central Ministries and 36 States and Union territories onboarded: Secretary DPIIT

The PM GatiShakti National Master Plan (NMP) for muti-modal connectivity, launched by Hon’ble Prime Minister Shri Narendra Modi on 13th October 2021, completes three years today having achieved significant milestones in transforming the country’s infrastructure landscape.

On this occasion, the Union Commerce and Industry Minister, Shri Piyush Goyal said, “PM GatiShakti has brought about a paradigm shift in how India plans and implements infrastructure projects. By integrating data from multiple Ministries and States, we have created a more efficient, transparent, and outcome-driven system. The impact is visible in faster project execution, lower logistics costs, and better services reaching every corner of the country.”

According to Secretary DPIIT, Shri Amardeep Singh Bhatia, “PM GatiShakti NMP launched as the transformative approach 3 years ago by Hon’ble Prime Minister, has accelerated the infrastructure planning & development process leveraging geospatial technology and the Whole of the Government approach. During the last three years, more than 44 Central Ministries and 36 States/UTs have been onboarded, their data layers have been integrated and are provided with their own geospatial planning portal.”

With its vision to bring synergy across Ministries/Departments, and States/UTs, the PM GatiShakti has successfully laid the groundwork for seamless, multi-modal connectivity and accelerated economic growth. The PM GatiShakti has redefined how India plans and executes large-scale infrastructure projects. By harnessing geospatial data from 44 Central Ministries and 36 States/UTs, the platform has significantly improved inter-ministerial coordination and streamlined project execution.

Key Achievements:

On boarding Whole of the Government on the Single platform

PM GatiShakti has integrated 44 Central Ministries and 36 States/UTs with more than 1600 data layers, making it a crucial tool for planning and executing infrastructure projects. To date, over 200 big-ticket infrastructure projects have been evaluated by the Networking Planning Group (NPG) from the perspective of the principles of the PM GatiShakti viz. integrated planning & development of multimodal infrastructure, last-mile connectivity to economic and social nodes, intermodal connectivity, enhance logistics efficiency and synchronised implementation of projects.

Social Sector Impact: Extending the PM GatiShakti to the Social Sector Ministries, the focus is on increasing the usage of the PM GatiShakti for social development, identifying social gaps (schools, hospitals, anganwadis) using, and developing applications and planning tools for capturing data. This has enabled better infrastructure planning in essential areas such as primary healthcare, education, postal services, and tribal development, ensuring that even remote and underserved areas are part of India’s infrastructure growth story.

PM GatiShakti State Master Plans (SMPs): All 36 States/UTs have developed the PM GatiShakti State Master Plan (SMP) portals, aligned with the PM GatiShakti National Master Plan platform to synchronise infrastructure assets and enhance regional development. This unified approach has helped States streamline their capital investment for accelerating infrastructure development. Over 533 projects have been mapped by States/UTs on the PM GatiShakti portal.

EXIM and Trade Facilitation: Aligned with the National Logistics Policy (NLP), the PM GatiShakti has been instrumental in addressing critical infrastructure gaps, reducing logistics costs, and improving India’s logistics performance. According to the World Bank's 'Logistics Performance Index Report (2023) India’s rank (38) has improved by six places from 44 in 2018.

Regional Workshops and Stakeholder Engagement: Following the spirit of cooperative federalism, over the last three years, five regional workshops have been conducted, covering all 36 States/UTs to facilitate knowledge sharing, best practices, and project demonstration by Central and States Governments. These engagements have played a key role in strengthening local adoption and ownership of the GatiShakti framework.

Driving Sustainable, Data-Driven Development: The PM GatiShakti’s data-driven approach is powered by GIS-based tools and a real-time monitoring system that enables faster and more informed decision-making. The platform ensures that projects are aligned with national priorities and completed on time, minimising delays and reducing cost overruns. This integration is key to meeting India’s Net Zero by 2070 commitments, as the platform promotes the use of green infrastructure and sustainable logistics solutions.

Training and Capacity Building: As the PM GatiShakti is a new initiative with an advanced GIS platform, DPIIT has undertaken the task to train officials for build their capacities. The PM GatiShakti National Master Plan (PMGS NMP) has seen significant progress in capacity building through the institution of courses and workshops. A course on the PM GatiShakti, available on the iGoT platform, has already been completed by over 20,000 officials. Additionally, all Central Training Institutes (CTIs) have integrated a course module on the PM GatiShakti into their regular officers' training curriculum. The resource persons and master trainers from DPIIT and BISAG-N conduct regular sessions on the PM GatiShakti across various CTIs and ATIs, including institutions like Lal Bahadur Shastri National Academy of Administration (LBSNAA), Sardar Vallabhbhai Patel National Police Academy (SVPNPA), and Sushma Swaraj Institute of Foreign Service (SSIFS). There have also been approximately 150 interactive training sessions on the PM GatiShakti with Ministries/Departments, and States/UTs, engaging over 1,000 officials.

Extending PMGS to the Districts: As India moves forward, the PM GatiShakti is expected to continuously evolve to keep playing a pivotal role in expanding multi-modal infrastructure, developing Smart Cities, and enhancing the country’s industrial capabilities through Industrial Corridors and Mega Investment Regions. Building upon the vision of the PM GatiShakti National Master Plan and the significant usage demonstrated by Central Ministries/Departments as well as States/UTs, a PM GatiShakti District Master Plan (PMGS DMP) portal is being developed with technical support of BISAG-N (Bhaskaracharya National Institute for Space Applications and Geoinformatics) for collaborative planning at the District level by State/District authorities. The NMP platform’s emphasis on cross-sectoral cooperation and emerging technologies such as AI and IoT will further revolutionise infrastructure management and planning.

Taking PMGS to international level and for promoting the use of  PM GatiShakti and Geospatial technology in the integrated planning of infrastructure, diplomatic engagements are underway with countries in the neighbourhood and other developing countries like Nepal, Bangladesh, Sri LankaMadagascar, Senegal and Gambia.

The government is also considering providing access to non-government users for the data (non-sensitive and shareable) relevant to the planning of the infrastructure and developmental activities by the sector. Such access to the data shall be provided in the most secure manner.

As India celebrates three years of the PM Gati Shakti, the initiative continues to fulfil its promise of creating a modern, interconnected infrastructure network that is key to India's Atmanirbhar Bharat vision.

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