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    ED raids in Chhattisgarh PSC 'scam' case; ex CM Baghel's PA raided
    ITR filing for AY27 touches record 7.8 cr
    DRI seizes over 42 kg foreign-origin gold worth more than RS. 65 crore in crackdown on gold smuggling
    MoSPI signs MoU with Thapar Institute of Engineering & Technology, Punjab for undertaking a Research Study
    NCLT forms historic 5-member bench to decide on Subhash Chandra's Rs 6.5 cr repayment plan
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    Monthly Review of Accounts of Union Government of India upto the month of July 2026 (FY 2026-27)
    Subhash Chandra drops mention of Ambani allegations, shifts focus to settling Essel debt
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    Commerce Secretary Shri Rajesh Agrawal Co-Chairs India-Brazil 8th Trade Monitoring Mechanism Meeting
    NPCI International and Uzbekistan’s NIPC Partner to Enable UPI Payments Across Uzbekistan via UZQR
    Flymore Aviation Expands Access to Aviation Education Through Affordable Mobile Learning App
    Rajnath to review performances of 16 defence PSUs with focus on indigenous tech, innovation
    SC dismisses SBI's plea challenging NCLAT order on PF, gratuity dues to ex-Jet Airways staffers
    Rupee rises 26 paise to close at 95.17 against US dollar
    India Has Solved Financial Access. Has It Solved Financial Confidence?
    Hyundai Capital Officially Launches Financial Services Operations in India
    Pinarayi Vijayan slams NCLT order on Subhash Chandra repayment plan
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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.
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.
August 31, 2026
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Personal insolvency resolution approval faces criticism over low creditor recovery and alleged family-linked voting influence in the resolution process.
Personal insolvency resolution approval concerning Subhash Chandra involved a repayment plan of Rs 6.5 crore against admitted creditor claims exceeding Rs 22,000 crore. Objections were raised regarding the voting influence exercised by entities linked to the debtor's family in relation to the resolution process. Pinarayi Vijayan criticised the approval, alleging preferential treatment of powerful corporate interests.

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August 6, 2025

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New Delhi, Aug 6 (PTI) Following are the top stories at 9.15 pm: NATION DEL107 PM-CHINA-2NDLD VISIT

As part of 2-nation trip, PM Modi expected to visit China later this month New Delhi: After a gap of over seven years, Prime Minister Narendra Modi is expected to travel to China later this month to attend the annual summit of the Shanghai Cooperation Organisation (SCO), people familiar with the matter said on Wednesday.

DEL109 2NDLD UTTARKASHI

Rescuers retrieve two bodies in Dharali amid bad weather; NDRF team reaches site Uttarakashi (Uttarakhand): As the sun set over the flood-ravaged Himalayan village of Dharali with 190 people rescued and two bodies recovered on Wednesday, fears mounted for those still trapped under the massive river of sludge that buried scores of houses, trees and cars.

DEL78 OPPN-PAR-LD LOGJAM

Oppn suggests debate on 'electoral reforms' as 'middle path' to end parliament logjam on SIR New Delhi: The Opposition has proposed allowing a discussion on "electoral reforms" as a "middle path" to end the deadlock in Parliament over the demand for a debate on the Special Intensive Revision (SIR) of electoral rolls in Bihar, according to sources within the opposition parties.

DEL104 VP POLL-LD SHINDE

Eknath Shinde meets PM Modi, Amit Shah; announces support to NDA for vice-presidential poll New Delhi: Shiv Sena leader and Maharashtra Deputy Chief Minister Eknath Shinde on Wednesday announced his party's "unconditional support" to the BJP-led alliance, of which he is a key member, for the vice-presidential election scheduled for September 9.

DEL53 PM-KARTAVYA BHAVAN-LD INAUGURATION (RPT)

PM Modi inaugurates Kartavya Bhavan New Delhi: Prime Minister Narendra Modi on Wednesday inaugurated Kartavya Bhavan, the first of the 10 upcoming Common Central Secretariat buildings which will house offices of all ministries.

PAR17 LS-2NDLD SIR-RIJIJU

Bihar SIR cannot be discussed in House as matter before Supreme Court: Rijiju in Lok Sabha New Delhi: Turning down the Opposition's demand for a discussion on electoral roll revision in Bihar, the government asserted in the Lok Sabha on Wednesday that matters pending before the judiciary cannot be discussed on the floor of the House.

DEL111 DL-TL-CM 2ND LD PROTEST

Telangana CM leads protest in Delhi for Prez nod to state backward classes quota bills New Delhi: Telangana Chief Minister A Revanth Reddy on Wednesday led a protest at the Jantar Mantar here to demand Presidential assent for the Backward Classes reservation bills and alleged that the BJP-led central government was stalling the bills passed by the state legislature as it was "anti-OBC".

DEL83 UKD-CLOUDBURST-EXPERTS

Did cloudburst cause Uttarkashi flash flood? Experts say rain data doesn't support claim Dehradun: A cloudburst in the upper catchment of the Kheer Ganga river is widely believed to have triggered the flash flood in Uttarkashi's Dharali, but experts feel the amount of rain the Uttarkashi district received on Tuesday was not enough for it to be termed a "cloudburst".

DEL70 JK-LD OMAR

Wrote to parties to push for bill on restoration of JK's statehood in Parliament: Omar Abdullah Srinagar: Chief Minister Omar Abdullah on Wednesday said he has written to several parties with a sizeable presence in Parliament, seeking their support for the introduction of a bill for the restoration of Jammu and Kashmir's statehood in the ongoing Monsoon session.

BOM31 MH-PIGEONS-3RDLD PROTESTERS

Ruffled feathers: Protesters remove tarpaulin from Mumbai pigeon feeding spot, clash with cops Mumbai: High drama unfolded in Mumbai's bustling Dadar area as angry protesters on Wednesday morning forcibly removed the tarpaulin put up by the city civic body to cover a popular pigeon feeding spot in compliance with a Bombay High Court order, leading to clashes with police.

BOM28 MH-ELEPHANT-2ND LD RELOCATION

Vantara proposes rehab centre for ‘Madhuri’ near Kolhapur Mumbai: Vantara, the Jamnagar-based animal rehabilitation centre, on Wednesday proposed to work in close coordination with Maharashtra Government and the Jain math to establish a satellite rehabilitation centre for elephant Madhuri (also called Mahadevi) at Nandani in Kolhapur district.

CAL37 OD-STUDENT-LD IMMOLATION

Odisha: College student immolates self after ex-boyfriend threatens to upload intimate pics Kendrapara (Odisha): A female college student died after she allegedly immolated herself at her house in Odisha's Kendrapara district on Wednesday following her former boyfriend's threat to upload her intimate photographs on social media, police said.

MDS9 TN-ECONOMIC GROWTH-LD CM

Stalin says Tamil Nadu's economic growth has increased to 11.19 per cent Chennai: Tamil Nadu Chief Minister M K Stalin on Wednesday said that under the Dravidian model regime, the state's economic growth has increased to 11.19 per cent, touching a new high.

BUSINESS DEL102 BIZ-2NDLD RBI

RBI keeps interest rates unchanged amid uncertainty over Trump's tariffs Mumbai: The Reserve Bank of India (RBI) kept its policy interest rate unchanged on Wednesday as it appeared to have taken a wait-and-watch approach to assess the full unveiling of US President Donald Trump's trade policies as well as transmission of past rate cuts.

PAR19 LS-LD SHIPPING-BILL

LS passes Merchant Shipping Bill; second Bill to be passed in Monsoon session amid din New Delhi: A bill to expand the eligibility criteria for ownership of merchant shipping vessels and provide for investigation and enquiries on marine casualties was passed by the Lok Sabha on Wednesday, after a brief discussion as the Opposition continued with its protests seeking discussion on poll roll revision in Bihar.

LEGAL LGD15 SC-TN-LD WELFARE SCHEMES

SC junks HC order asking TN govt not to use names, photos of CM in welfare schemes New Delhi: In a major victory for the DMK, the Supreme Court on Wednesday set aside an order directing the Tamil Nadu government not to use the name and photos of Chief Minister M K Stalin and other party stalwarts in state welfare schemes.

LGD30 SC-WOMEN ARMY OFFICERS-LD PC

Female, male Army officers can't be evaluated for permanent commission on same criteria, SC told New Delhi: The Supreme Court on Wednesday informed that female and male officers of the Indian Army, comprise two unequal and distinct classes, and can't be considered together for grant of permanent commission on the same criteria and cut-off marks.

LGD24 SC-HAND RICKSHAWS-MATHERAN

SC orders end of ‘inhuman’ hand-pulled rickshaws in Maharashtra's Matheran New Delhi: Dismayed over the use of hand-pulled rickshaws even after 78 years of country's independence, the Supreme Court on Wednesday directed the Maharashtra government to stop the “inhuman” practice within six months in Matheran and switch to e-rickshaws instead.

LGD22 SC-SEXUAL VIOLENCE

Sexual violence by parent tears through foundational fabric of familial trust: SC New Delhi: Observing incestuous sexual violence by a parent "tears through" the foundational fabric of familial trust, the Supreme Court has upheld a man's punishment for raping his minor daughter.

LGD21 DL-HC-DOGS-REHABILITATION

Dog great friend of humans, should be treated nicely: Delhi HC New Delhi: The Delhi High Court on Wednesday said dogs were "great" friends of humans and should be treated nicely as it called upon authorities to ensure dog-human conflict should be minimised in the capital.

FOREIGN FGN39 BIZ-US-INDIA-LD TARIFF

Trump doubles tariff on India to 50 pc for buying Russian oil Washington/New Delhi: US President Donald Trump on Wednesday slapped an additional 25 per cent tariff on goods coming from India as penalty for New Delhi's continued purchase of Russian oil, a move that is likely to hit sectors such as textiles, marine and leather exports hard.

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