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September 2, 2026
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Healthcare merger approval enables KCIL to acquire fertility and specialty hospital businesses alongside related equity issuances and investment.
Competition Commission approval covers KCIL's acquisition of up to 100% equity shareholding in AFCPL and 100% equity shareholding in ASHPL. The combination includes KCIL issuing equity shares and optionally convertible debentures to AHLL, representing 9.9% fully diluted shareholding as partial consideration, together with a further KCIL equity investment by Arvon Investments Pte. Ltd. KCIL operates mother and baby care hospitals, while AFCPL provides assisted reproductive treatment and reproductive-medicine services.
September 1, 2026
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Money-laundering investigation into alleged District Mineral Fund diversion examines purported liaison activity and asset acquisition through proceeds of crime.
Money-laundering proceedings under the Prevention of Money Laundering Act concern alleged diversion of District Mineral Fund resources through the Chhattisgarh Seed Corporation. The investigation alleges siphoning of public funds by contractors in collusion with government officials and political executives. A businessman was identified as an alleged liaisoner and financial coordinator between public servants, district authorities and private vendors. Allegations also include receipt of commissions, acquisition of immovable assets from purported proceeds of crime, non-production of records, and contradictory statements during questioning.
September 1, 2026
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Foreign exchange market dynamics: rupee appreciation reflected portfolio inflows, domestic growth, and possible central-bank intervention amid external pressures.
The rupee appreciated against the US dollar, supported by domestic growth, controlled fiscal slippage, portfolio-related inflows and possible Reserve Bank of India intervention. Its gains were limited by weak equity markets, rising crude oil prices and a stronger dollar. External geopolitical tensions and hawkish US monetary signals remained potential pressures. Domestic indicators showed strong economic activity, while the current account deficit widened because of a higher merchandise trade deficit. Foreign portfolio inflows continued despite investors remaining net sellers during the year.
September 1, 2026
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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
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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.

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BJP CMs hail Budget as 'milestone' for Viksit Bharat; nothing on jobs, inflation, say oppn leaders

February 1, 2025

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Lucknow/Shimla, Feb 1 (PTI) Chief ministers of states BJP-ruled states in Uttar Pradesh, Haryana, Uttarakhand and Rajasthan hailed the Union Budget announced on Saturday as a milestone in creating a "self-reliant" and "developed" India.

The reaction by leaders of opposition-ruled states was rather mixed, with Himachal Pradesh Chief Minister saying the Budget fails to address concerns regarding unemployment, poverty and inflation while the National Conference, the ruling party in Jammu and Kashmir, said the announcements made by Finance Minister Nirmala Sitharaman were "balanced".

In a series of posts on X in Hindi, UP Chief Minister Yogi Adityanath lauded the move to make income up to Rs 12 lakh tax-free, saying it will improve the lifestyle of the middle-class.

Adityanath said the Budget "will prove to be a milestone in accomplishing the goal of Viksit Bharat".

He lauded the decision to provide term loan up to Rs 2 crore to 5 lakh women, SC/ST entrepreneurs in the next 5 years. He said crores of youth will get new opportunities when the Centre of Excellence of Skilling' and 'Centre of Excellence in AI for Education' are established.

Kisan Credit Card loan limit was raised from Rs 3 lakh to Rs 5 lakh, which will help farmers in the country, the UP CM said.

Deputy chief ministers Keshav Prasad Maurya and Brajesh Pathak also praised the Budget, saying it will benefit the poor, youth, farmers and women, while it also focuses on tax exemption and infrastructure development.

Former deputy CM of UP and Rajya Sabha MP Dinesh Sharma said the Union Budget 2025-26 is "a booster" of policies and schemes to the economy that will "make India a world superpower".

UP BJP chief Bhupendra Singh Chaudhary said the Budget will "make the poor, youth, farmers and women economically strong" and will prove helpful in achieving the goal of Viksit Bharat.

Samajwadi Party chief Akhilesh Yadav said the Budget provides no plan to reduce inflation or unemployment and makes no announcement on the legal right on Minimum Support Price (MSP) on crops or loan waivers for farmers.

Yadav said the BJP government is misleading the common people through false figures and is "silent" in the Budget on the "faulty" GST.

"The government is also showing false hopes to the middle class. It is looting the people through other means. The government, which is making noise about the economy all over the world, is not able to organise a Kumbh in a safe manner," he said. A stampede at the Maha Kumbh killed at least 30 and injured 60 people.

Rajasthan Chief Minister Bhajanlal Sharma said he believes the Budget's focus on "Make for World" will help make the country "a global economic power". Sharma highlighted the Budget's emphasis on balanced and inclusive development, noting significant relief provided to the middle class, economic support for farmers, and strengthened provisions for the MSME sector.

BJP state president Madan Rathore hailed the Union Budget as a boon for the middle class, particularly due to the income tax exemption on income up to Rs 12 lakh. He believes the Budget will be a milestone for the welfare and upliftment of people and will significantly contribute to a developed India.

State Congress chief Govind Singh Dotasra said the Budget failed to address the needs of the common people in Rajasthan and only benefits capitalist "friends" of the government which will widen the gap between the rich and poor.

Chief Minister Nayab Singh Saini said Haryana being an agriculture-based state will greatly benefit from the Budget. "The loan limit on the Kisan Credit Card has been increased from Rs 3 lakh to Rs 5 lakh. In addition, 100 districts with low agricultural productivity will be prioritised under the 'Dhan Dhanya Krishi Yojana'," he said praising the Budget.

Saini said the 5-year mission to boost cotton production will strengthen the textile industry. Loan limit has been increased from Rs 10 crore to Rs 20 crore for start-ups, while the loan guarantee cover for the the MSME sector has been raised from Rs 5 crore to Rs 10 crore, he said.

The Haryana CM added that the Budget includes significant announcements for the education and health sectors.

Former chief minister and Congress leader Bhupinder Singh Hooda slammed the Budget, saying it provides no roadmap for job creation or reducing inflation.

He said there were no announcements for farmers and there was no mention of a guarantee on MSP on farm produce.

Congress leader and Sirsa MP Kumari Selja said the Budget lacks bold reforms and is "a budget of promises" without concrete implementation plans.

Himachal Pradesh Chief Minister Sukhvinder Singh Sukhu said the Budget fails to address critical issues of unemployment, rising prices, and growing inequality. It also fails to expand rail network in Himachal Pradesh, which was essential for economic growth in the state.

He said tough conditions are attached to interest-free loans given to states for capital expenditure making it difficult for small states like Himachal Pradesh.

"It's an anti-poor budget and not futuristic. It is a total opportunistic budget," he added.

Uttarakhand Chief Minister Pushkar Singh Dhami on Saturday welcomed the Union Budget, saying it has given a big relief to the middle class by exempting annual income of up to Rs 12 lakh from income tax. He said Uttarakhand will get direct and indirect benefits from the many schemes announced.

Dhami said the Budget incorporates Uttarakhand's request for setting up a Centre of Excellence for Artificial Intelligence (AI) and Cyber Security in the state. The government has announced five National Centres of Excellence in the country and 50,000 Atal Tinkering Labs in government schools, he said.

The CM said Uttarakhand will also benefit from the extension of the Udan scheme in 120 more cities across the country. Medical services will expand in the state by setting up cancer centres in all districts of the country over the next 3 years, he said.

The ruling National Conference in J-K said the Union Budget looks balanced and exempting income tax up to Rs 12 lakh was "a good thing".

National Conference chief spokesman Tanvir Sadiq said he would expect J-K would be part of the 50 new tourism destinations and the medical tourism initiative announced in the Budget.

People's Conference president Sajad Lone, however, said there was not much in the Budget for Jammu and Kashmir, adding that allocation has been reduced by Rs 1,000 crore.

PDP spokesman Iqbal Tramboo said the Budget by the finance minister was "only a jugglery of words". There was not "even a mention of Jammu and Kashmir in the Budget", he said.

The Congress unit in J-K said the Budget was more focused on Bihar and election-bound Delhi for "political considerations". J-K Congress chief Tariq Hameed Karra said except for a "long-overdue minor relief" for the salaried class in the income tax slabs, Karra said there was no relief for the rest.

Karra added that there was no announcement on increasing the income or savings of people by providing alternate means of earning.

J-K BJP chief Sat Sharma said the "people-friendly" Budget has taken care of all sections of the society. PTI COR NAV CDN CHS AG ALM MIJ TAS SKY SKY

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