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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.
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.

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HIGHLIGHTS AT 9 PM

August 11, 2025

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New Delhi, Aug 11 (PTI) Following are the top stories at 9 pm: TOP STORIES DEL114 PM-LD ZELENSKYY India committed to make every contribution to end conflict in Ukraine: PM Modi to Zelenskyy New Delhi: Days ahead of a much-anticipated US-Russia summit on the Ukraine war, Prime Minister Narendra Modi on Monday conveyed to Ukrainian President Volodymyr Zelenskyy in a phone conversation that India remains committed to making every possible contribution for an early and peaceful solution to the conflict.

DEL120 OPPN-LDALL PROTEST Opposition takes out protest march against SIR, 'vote theft'; says EC can't be 'churao aayog' New Delhi: Stepping up attack, opposition MPs, including Rahul Gandhi, Mallikarjun Kharge and Sharad Pawar, on Monday took out a protest march from Parliament House to the Election Commission office against the revision of electoral rolls in Bihar and alleged "vote chori", but were stopped midway by the police and briefly detained amid high drama DEL63 INDIA-MUNIR-NUCLEAR Nuclear sabre-rattling is Pakistan's stock-in-trade: India on Pak Army Chief's nuclear threat New Delhi: Nuclear sabre-rattling is Pakistan's "stock-in-trade", New Delhi said on Monday, in a strong response to Pakistan Army Chief Field Marshal Asim Munir's nuclear threat directed at India from the US soil.

LGD28 SC-2NDLD STRAY DOGS 'Grim' situation: SC orders permanent relocation of stray dogs from Delhi-NCR streets to shelters New Delhi: Noting an "extremely grim" situation due to stray dog bites resulting in rabies, particularly among children, the Supreme Court on Monday directed Delhi-NCR authorities to permanently relocate all strays from streets to shelters "at the earliest".

NATION DEL118 POL-RIJIJU-2NDLD BILLS 8 Bills get Parliament nod after Rijiju's ultimatum to Opposition to join debate New Delhi: Parliament on Monday passed eight Bills as Union minister Kiren Rijiju slammed the opposition parties for repeated disruptions of both the Houses of Parliament and announced that the government would proceed with the legislative agenda without their participation.

PAR30 LS-2NDLD INCOME TAX BILL Lok Sabha passes new Income Tax Bill in just 3 minutes New Delhi: The Income Tax Bill (No.2) 2025 - a major legislative move to replace the 63-year-old law governing income taxation for individuals and corporations - was passed in the Lok Sabha on Monday in just three minutes, without any debate.

DEL115 JK-PAK-2NDLD INTRUDER Pak intruder killed after BSF opens fire along IB in J-K's Kathua Jammu: A Pakistani intruder was killed after being shot at by the BSF while attempting to sneak into this side from across the International Border (IB) in Kathua district of Jammu and Kashmir on Monday, officials said.

DEL89 UKD-UTTARKASHI-2ND LD-RESCUE Uttarkashi: One body found so far, says official; many people still missing as rain hampers rescue operation Uttarkashi: Incessant rains in Uttarkashi since Monday morning hampered rescue operations in disaster-hit Dharali and Harsil, even as officials said one body has been recovered so far and 42 people remain missing following flash floods in the area a week ago.

CAL23 BH-2NDLD FLOOD Over 17 lakh people affected by floods in Bihar, rescue operations underway Patna: More than 17 lakh people have been affected by floods in Bihar, where several rivers are in spate due to torrential rainfall in the past 24 hours, officials said on Monday.

BOM31 MH-2ND LD-VAN-ACCIDENT 8 devotees killed, 29 hurt as pick-up van falls off road on hilly terrain in Pune district Pune: Eight women on their way to a temple were killed and 29 people injured after a pick-up van they were travelling in fell off the road on a hilly terrain in Pune district on Monday, police said.

MDS17 KA-LD MINISTER DISMISSAL CM Siddaramaiah removes Minister K N Rajanna from Cabinet Bengaluru: Karnataka Cooperation Minister K N Rajanna was on Monday removed from the Council of Ministers after Chief Minister Siddaramaiah recommended his sacking to Governor Thaawarchand Gehlot.

LEGAL LGD34 SC-ED-BAGHEL 'Devil not in law but in abuse': SC refuses to hear ex-Chhattisgarh CM's plea against PMLA provision New Delhi: The Supreme Court on Monday said the "devil is not in the law" but "in the abuse" of the provisions of Prevention of Money Laundering Act (PMLA) as it refused to examine former Chhattisgarh chief minister Bhupesh Baghel's plea challenging the PMLA provision empowering the ED to file supplementary chargesheets in money laundering cases.

LGD31 SC-SENTHIL BALAJI 'No bearing on trial': SC refuses to expunge remarks against ex-TN minister Senthil Balaji New Delhi: The Supreme Court on Monday refused to expunge its remarks against former Tamil Nadu minister Senthil Balaji in its September 2022 order restoring criminal complaints and other verdicts against him in the cash-for-job case.

FOREIGN FGN16 US-PAK-LD MUNIR Pak Army chief Munir repeats anti-India rhetoric in US New York: Kashmir is the "jugular vein" of Pakistan, Pakistani Army Chief Field Marshal Asim Munir has said, repeating his anti-India rhetoric. By Yoshita Singh FGN22 CHINA-INDIA-TIBET-RAIL China to build Xinjiang-Tibet rail link 'near' LAC with India: Report Beijing: China is set to build the most ambitious rail link connecting Xinjiang province with Tibet, part of which will “run near” the Line of Actual Control (LAC) with India, according to a media report. By K J M Varma PTI HIG HIG

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