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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.
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.
August 31, 2026
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Trade facilitation and pharmaceutical market access advance through regulatory cooperation, preferential trade modernisation, and reciprocal agricultural access.
India and Brazil are advancing bilateral trade, investment and economic cooperation through a diversified partnership focused on pharmaceuticals, chemicals, engineering goods and machinery. India-MERCOSUR engagement is being pursued through early finalisation of Terms of Reference for expansion and modernisation of the Preferential Trade Agreement. Pharmaceutical market access is supported by regulatory cooperation under the CDSCO-ANVISA MoU. Agricultural trade facilitation includes phytosanitary processes, reciprocal market access work and mutual recognition of Electronic Certificates of Origin, alongside multilateral coordination through BRICS, the G20 and the WTO.
August 31, 2026
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Cross-border UPI merchant acceptance enables Indian travellers to make UZQR payments at merchants throughout Uzbekistan.
Cross-border UPI merchant acceptance in Uzbekistan allows Indian travellers to make instant person-to-merchant payments through UPI-enabled applications by scanning the interoperable UZQR code. Integration with the Unified National QR infrastructure extends acceptance across retail, hospitality and service merchants. Regulatory approvals support HUMO's role as NIPL's authorised partner for cross-border merchant acceptance, reducing reliance on international cards and cash.
August 31, 2026
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Mobile-first aviation education supports accessible, self-paced certification-led learning and career awareness across aviation roles and geographic locations.
Flymore Aviation LLP operates a mobile-first aviation learning platform intended to make specialised aviation education more accessible and affordable for aspiring pilots, cabin crew and other aviation-sector professionals. The app provides structured, self-paced aviation courses aimed at building industry knowledge, supporting certification-led skill development, improving career awareness and assisting employment readiness across aviation functions. Course delivery through a digital platform is positioned as an alternative to location-dependent and high-cost classroom training.
August 31, 2026
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Indigenous defence technology and exports anchor the annual performance review of public sector defence enterprises.
Annual performance review of 16 Defence Public Sector Undertakings is scheduled with emphasis on indigenous technology, innovation, self-reliance and enhancement of defence exports. Chairpersons and managing directors of seven specified undertakings will present dividends attributable to the Government's equity shareholding. Publications cover self-reliance, student awareness of defence technologies, and modernisation and indigenisation roadmaps. Reported performance includes growth in turnover, profit after tax and defence exports.
August 31, 2026
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Employee provident fund and gratuity dues remain protected outside the liquidation estate despite competing financial creditor claims in insolvency proceedings.
Employee provident fund and gratuity dues of former Jet Airways workmen and employees were required to be paid in full by the liquidator. The NCLAT position upheld treats statutory employee dues relating to provident fund, gratuity and pension funds as outside the liquidation estate, protecting them from competing creditor claims. Financial creditors had argued that such dues should be distributed through the liquidation estate unless dedicated funds existed at the commencement of liquidation. The underlying questions of law remain open for an appropriate case.
August 31, 2026
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Rupee exchange-rate support amid dollar strength and oil risks as foreign-currency deposit flows bolster market sentiment.
Foreign-exchange market conditions saw the rupee recover from early losses amid possible Reserve Bank of India intervention to contain significant depreciation. Higher US Treasury yields, a broader dollar rally, rising crude oil prices and geopolitical supply risks pressured the currency. The special USD-INR forex swap facility for FCNR(B) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings mobilised foreign-exchange inflows supported by non-resident Indian participation, strengthening market sentiment.
August 31, 2026
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Financial confidence gaps persist when opaque financial journeys, dark patterns and unclear communication deter informed consumer participation.
Financial-service digitisation may expand access without ensuring consumer confidence where customers cannot understand processes, assess risks or feel secure in financial decisions. Opaque claims, redemptions, eligibility criteria and approval stages can weaken trust and discourage insurance, investment and credit participation. Hidden charges, complex documentation, forced bundling and target-driven sales practices may further impair informed choice. Greater transparency, simplified communications, real-time process visibility and AI-assisted guidance are identified as measures to reduce cognitive friction and strengthen consumer control.
August 31, 2026
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NBFC licensing enables Hyundai Capital India to begin wholesale dealer financing while preparing retail finance and risk-management infrastructure.
Hyundai Capital India has commenced financial services operations after obtaining a non-banking financial company licence from the Reserve Bank of India. Initial operations concentrate on wholesale financing for local automotive dealers. Operations are intended to expand the dealer-financing network, sales infrastructure and risk-management systems across India, supporting a subsequent phased introduction of retail financing for individual customers.

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Customs, DGFT & SEZ

DPIIT conducts over 1,300 programs to foster deeper understanding of Intellectual Property Rights

December 17, 2024

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The DPIIT has implemented many measures to enhance awareness of intellectual property rights and mitigate instances of fraudulent activities involving the abuse or misrepresentation of IP rights for personal or financial gains. These scams/activities can take various forms, but often revolve around deception or the unlawful use of IP, leading to financial losses or reputational damage. These may include passing off of fake goods as authentic / genuine, brand tarnishing activities, cyber-squatting, patent infringements, copyright violations including unauthorized reproduction / distribution / sale of pirated copies of copyrighted materials etc.

Since 2017, a comprehensive framework for awareness initiatives has been established across key sectors, including academia, law enforcement agencies, and industry organizations. The Cell for IPR Promotion & Management under DPIIT has conducted over 1,300 programs, including awareness sessions, workshops, and training, all aimed at fostering a deeper understanding of IPR, and how to combat counterfeiting / piracy prevalent on both offline and online platforms.

Over 130 programs on IP Enforcement have been conducted for various law enforcement agencies including police, customs and judiciary, pan India in association with IP experts in various fields such as:-

Judiciary- A total of 58 programs have been conducted for judges and legal professionals, aimed at enhancing their understanding of evolving legal frameworks in intellectual property and its application in the digital space. These sessions are designed to support informed and efficient decision-making in legal proceedings regarding IP infringements.

Customs – 26 programs have been held for customs officials, focusing on strengthening their knowledge of counterfeit goods, crime investigations, and the efficient management of border control operations.

Police – 49 programs have been organized for police, with a focus on improving their skills in investigating intellectual property violations, applying criminal law, and interacting with the public.

In addition, over 400 programs have been conducted in academic institutions, some of which were in collaboration with DPIIT-IPR Chairs and Atal Tinkering Labs. More than 4600 academic institutions have been covered till date. Over 400 programs have been conducted to support industry, some of which were in collaboration with the Ministry of Micro, Small, and Medium Enterprises (MSMEs). These initiatives enable entrepreneurs and startups to understand the significance of safeguarding their IP, register their IP thereby reducing vulnerabilities to IP infringements.

Following additional measures were also taken:

Launched IPR Enforcement guidelines to assist Police Officials in handling IPR infringement matters.

  • Anti- piracy videos were made featuring prominent Bollywood stars for wider outreach. The same were aired in theatres and were also disseminated through Youtube.
  • A Short Video Contest on Anti-Counterfeiting was conducted to raise awareness regarding Counterfeit products among Students.
  • Mandatory IPR training for regular and in-service officers in all State Police Academies through issuing a direction of the Ministry of Home Affairs.
  • In partnership with NIXI and MCDCU, approximately 380 copyright-infringing websites with over 186 million hits were removed.
  • IP Nani comic (India’s First IP Mascot) was made and released
  • Published educational articles in Teacher Plus magazine
  • Anti-Piracy Video Campaign using cartoon characters – Motu and Patlu were run to raise awareness in kids on IP piracy
  • To reach out to the remotest corners, SATCOMs on IPR are also being conducted - 1,00,000 students reached, reaching 2700+ rural schools
  • Digitally launched Miss IPR comic – Taking forward the legacy of IP Nani
  • Launched 17 promotional videos covering prominent Indian GIs for wider dissemination.
  • Conducted Facebook Live sessions with Atal Innovation Mission conducted for Atal Tinkering Labs students and teachers
  • A GI Digital Catalogue featuring over 400 registered GIs was developed. This catalogue includes high-definition photographs, short videos, and engaging descriptions highlighting each GI's name, uniqueness, history, and region.
  • The National Intellectual Property Awareness Mission (NIPAM) was launched in December 2021 with the aim of raising intellectual property (IP) awareness and providing basic IPR training across educational institutions, including in rural and remote areas as well. This NIPAM program also makes the youth and students aware about the evil consequence of use of counterfeit and pirated products. To date, over 9,000 awareness programs have been held, benefiting approximately 23.4 lakh individuals, including 21.14 lakh students and 2.25 lakh faculty members who may help foster such awareness amongst all. Nearly half of the participants (49%) were women. These programs have been successfully conducted across all 28 states and 8 Union Territories.

To enhance the Intellectual Property Ecosystem in the Country, the Government of India had introduced the National IPR Policy in 2016 encompassing all IPRs into a single vision document setting in place an institutional mechanism for the implementation, monitoring and review of IP laws.

The policy has seven objectives designed to create an environment that encourages innovation and creativity by providing stronger protection and incentives for inventors, artists, and creators. There are several measures undertaken to achieve the given objectives. Among measures taken are compliance and timeline reduction in IP filing and disposal, fee rebate for Startups, MSMEs, Educational Institutions and expedited examination for certain categories of applicants. Following are some of the key measures taken:

(i) Startup Intellectual Property Protection (SIPP) Scheme: The scheme for Startups Intellectual Property Protection (SIPP) was launched in 2016 to provide pro bono facilitation to the startups for filing and processing of their patent, design, or trademark applications through government empanelled IP facilitators. The scheme was extended to all Indian innovators/ creators using the services of the Technology and Innovation Support Centers (TISCs) established in India with effect from September 06, 2019. In November, 2022, the scheme was revised and facilitation fees was notably increased by at least 100% to further encourage the IP facilitators to provide quality services to the eligible applicants.

(ii) Scheme for pedagogy and research in IPRs for Holistic Education & Academia’ (SPRIHA): Under this Scheme, DPIIT has appointed IPR Chair Professors at higher educational institutions to promote the study, education, research, and awareness of IPR. Initially, 18 universities were included in the scheme. However, from the year 2023 to till date, 20 new universities were added, bringing the total to 38, which includes prestigious institutions like National Law Universities and Indian Institutes of Technology. By providing financial and institutional support, the scheme enables universities to conduct research, specialized training, awareness programs, and workshops. This scheme encourages collaboration between academia and government, ensuring that IP- related research leads to tangible societal benefits. This holistic approach not only strengthens IP education but also aligns academic outputs with national IP policy goals, contributing to India’s vision of becoming an innovation-driven economy.

(iii) Modernisation & Digitisation of IP offices - IP office has been modernized and workflow processes have been streamlined. Virtual hearings facility has been extended to all wings including Trademark and Copyright for faster disposal of applications. AI and ML based Search Technology has also been introduced in Trade Marks. IP Saarthi Chatbot has been designed to provide instant support and guidance to the users on the IP registration/ grant processes.

(iv) The National Intellectual Property Awards are conferred annually in 13 categories, including Best Police Unit (District/Zone in a Commissionerate), Cyber Cell, and Customs Office, based on criteria such as FIRs filed, charge sheets, convictions, raids conducted, and the value of seized materials, one more step to recognize and encourage effective IP enforcement in India.

(v) Compliance Reductions - Patents (Amendment) Rules, 2024 were notified to simplify patent acquisition. Certificate of Inventorship was introduced to recognize inventors. Other changes included giving a Grace period for claiming patent protection, simplifying Form 3/ Form 27 compliance. Vide Trademark Rules amendment in 2017, the number of filing forms have been reduced and simplified from around 75 forms down to 8 forms.

(vi) WIPO’s Technology and Innovation Support Center (TISC) program, play a key role in advancing R&D and IP commercialization by providing innovators and entrepreneurs in India with services to protect and leverage intellectual property. Department has established 34 Technology and Innovation Support Centers (TISC) across country in various Universities, Academic Institutions and State Councils for Science &Technology. Their activities include offering access to patent databases, guidance on IP management, and support for IP valuation and licensing. TISCs also connect IP creators with potential investors and market opportunities, facilitating the commercialization of innovations.

(vii) Fee reductions: In order to enhance the IP ecosystem, fee rebates have been given to startups to encourage them protect their IP. Up to 80% fee rebate in patents, 50% in trademarks, and 75% in designs is being given to startups and small entities.

Measures have been undertaken to safeguard sensitive information about IP applications. Under the provisions of the Patents Act, a patent application is not made open to the public for eighteen months from the filing date or the priority date, unless the applicant submits a request for early publication. Additionally, the application, specification, and other related documents are not referred to the examiner for examination until the application is published. Designs are published only after registration.

Further, the Government has taken measures to ensure the safety and security of IP applications related data. All data has been securely uploaded to the cloud, providing better protection against data loss and preventing unauthorized data access.

This information has been provided by the Union Minister for State for Commerce and Industry, Shri Jitin Prasada in a written reply in the Lok Sabha today.

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