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    Gross GST mop-up grows 15 pc to Rs 2 lakh cr in Aug
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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.
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September 1, 2026
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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.
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September 1, 2026
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Income-tax return filing: non-audit business and professional taxpayers use applicable forms by prescribed due dates.
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September 1, 2026
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September 1, 2026
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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.
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August 31, 2026
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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.
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Monthly fiscal accounts track receipt composition, expenditure allocation, tax devolution, interest payments, and major subsidy outgo through July.
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August 31, 2026
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Personal guarantor insolvency distinguishes guarantee liability from borrower debt while creditor voting challenges question repayment-plan approval.
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August 31, 2026
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National accounts revisions align GDP and sectoral estimates with updated price, production and banking service indicators.
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Trade facilitation and pharmaceutical market access advance through regulatory cooperation, preferential trade modernisation, and reciprocal agricultural access.
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August 31, 2026
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Cross-border UPI merchant acceptance enables Indian travellers to make UZQR payments at merchants throughout Uzbekistan.
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August 31, 2026
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Indigenous defence technology and exports anchor the annual performance review of public sector defence enterprises.
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August 31, 2026
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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.

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Customs & Trade

1.89 pc power tariff hike in Chhattisgarh: Officials call it 'nominal', Cong slams BJP govt

July 11, 2025

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Raipur, Jul 11 (PTI) The Chhattisgarh State Electricity Regulatory Commission (CSERC) on Friday effected an average hike in power tariffs by 1.89 per cent in all categories of consumers over the existing rates, officials said.

The new tariffs have been made effective from July 1.

In order to encourage installation of mobile towers for strengthening communication system in Left- wing extremism (LWE)-affected districts, a provision of 10 per cent rebate in energy charges has been made on all cellphone towers in these areas, an official statement said.

The discount in energy charge to hospitals, nursing homes and diagnostic centres in rural areas and tribal-dominated Surguja (north Chhattisgarh) and Bastar (south Chhattisgarh) will continue to be 5 per cent.

However, electricity tariffs for domestic consumers have been increased by Rs 0.10 to Rs 0.20 per unit, which will impact around 60 lakh consumers.

Electricity services are managed by three separate state-run companies dedicated to generation, transmission and distribution.

Power tariffs have been increased by only an average 1.89 per cent as compared to prevailing rates which is "nominal", Managing Director of Chhattisgarh State Power Distribution Company Ltd Bhim Singh Kanwar said in a statement.

Rates have been increased in some sections for agricultural consumers whose burden is borne by the state government, hence agricultural consumers will not have to bear any additional burden. Apart from this, rebates have been hiked or kept unchanged for temporary connections, tribal areas, flattened rice (poha) units and printing press, among others, he said.

The cost of electricity to Chhattisgarh State Electricity Company is Rs 7.02 per unit whereas power is supplied to domestic consumers at a minimum rate of Rs 4.10 paise per unit. Electricity rates for lower middle class domestic consumers have been increased by 10 paise per unit and rates for other domestic consumers have been raised by 20 paise per unit, Kanwar informed.

Electricity used in 'gaushala' (cowsheds) and homestays in Bastar and areas under South Area Tribal Development Authority and Surguja, and under North Area Development Authority have been included in the domestic consumer category for applying rates, he said.

In order to encourage installation of mobile towers to strengthen communication system in LWE- affected districts notified by the state government, a provision of 10 per cent rebate in energy charges has been provided, the official said.

Electricity rates for agricultural pumps have been increased by 50 paise per unit. However, since the electricity bills of agricultural pumps are paid by the state government, consumers in this category will not be affected by the hike, he said.

Electricity tariffs for non-domestic consumers have been increased by 25 paise per unit.

Rebate of 10 per cent on energy charge to industrial entities and business activities run by registered women self- help groups (SHGs) will continue. Also, 5 per cent rebate in charges of prevailing electricity rates for hospitals, nursing homes and diagnostic centres operating in rural areas, Bastar and South Area Tribal Development Authority, Surguja and North Area Development Authority will continue as before.

He said 5 per cent rebate in energy charges for poha and 'murmura' (puffed rice) mills has been increased to 10 per cent. Rebate of 0.50 per cent given to consumers making advance payment has been increased to 1.25 per cent, he said.

Slamming the ruling BJP for the hike, head of the state Congress communication wing Sushil Anand Shukla alleged the state government has failed to meet supply of electricity and despite that it has been increasing power tariffs.

The opposition party dubbed the tariff hike as an "atrocity" on state residents.

"A hike in power tariffs will further burden people. This decision is an atrocity on people. The government has increased power tariffs by 19.31 per cent in the last one-and-a half years. The common citizen is upset with the rising electricity bills," he claimed. PTI TKP RSY

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