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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.
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.

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September 1, 2025

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New Delhi, Sep 1 (PTI) Following are the top stories at 9 pm: NATION FGN68 PM-SCO-2NDLD ADDRESS

Fighting terrorism duty towards humanity: PM Modi at SCO summit Tianjin (China): The Pahalgam terror attack was not only an assault on India's conscience, but it was an open challenge to every nation that believes in humanity, Prime Minister Narendra Modi said on Monday, strongly pitching for shunning "double standards" in combating terrorism.

FGN67 CHINA-MODI-4THLD PUTIN

India-Russia ties pillar of regional & global stability: PM Modi after meeting Putin Tianjin (China): India and Russia stood "shoulder-to-shoulder" even in most difficult situations and their ties are crucial for global peace and stability, Prime Minister Narendra Modi said during a meeting with Russian President Vladimir Putin on Monday, amid a major downturn in New Delhi’s ties with the US.

DEL72 US-INDIA-EMBASSY-POST

US-India partnership reaching new heights: Embassy New Delhi: The India-US partnership continues to reach new heights, the US embassy said in a surprise social media post on Monday, amid the ties between the two countries reeling under possibly the worst phase in two decades over the Trump administration's policies on trade and tariff.

DEL68 LDALL YATRA

After 'Atom bomb', Rahul threatens to come out with 'Hydrogen bomb' of disclosures on 'vote chori' Patna: Days after accusing the BJP of stealing elections, Congress leader Rahul Gandhi on Monday threatened that he will soon amplify his charges by coming out with more "vote chori" disclosures that would be like a "Hydrogen bomb" and Prime Minister Narendra Modi would not be able to show his face to the country. By Asim Kamal and Sanjeev Chopra

DEL48 BJP- RAHUL

Rahul insulting voters in arrogance, belittling position of LoP: BJP New Delhi: The BJP on Monday mocked Rahul Gandhi's claim that he will soon come out with a "hydrogen bomb" as part of his "vote chori" charge, saying that his "atom bomb" had turned out to be a damp squib, and accused him of demeaning his position of the Leader of Opposition in Lok Sabha with irresponsible comments.

DEL67 2NDLD RAIN

Nature's fury: 7 die in Himachal, U'khand landslides, several roads shut; Amit Shah inspects flood-hit areas in Jammu New Delhi: Seven people died in Himachal Pradesh and Uttarakhand in landslides, while flood-hit Punjab received another spell of torrential rain on Monday, leading to the closure of all schools and colleges in the state.

DEL62 DHANKHAR-LD HOUSE

Former vice-prez Dhankhar shifts to INLD leader Abhay Chautala's farmhouse in south Delhi New Delhi/Chandigarh: Former vice-president Jagdeep Dhankhar shifted from his official residence to a private farmhouse in the Chhatarpur area of south Delhi on Monday evening, six weeks after he resigned from his post, according to officials.

DEL66 JK-SHAH-LD MEETING

Need to study cloudburst cause, review warning system for glacial lake outburst floods: Shah in J-K Jammu: Union Home Minister Amit Shah on Monday highlighted the need for studying cloudburst causes by using data analytics and artificial intelligence and conducting a critical review of the early warning system for floods due to glacial lake outbursts, as he condoled the loss of lives in the recent calamities.

DEL60 BH-YATRA-2NDLD KHARGE

BJP-RSS will dump Nitish where garbage is dumped: Kharge Patna: In a scathing attack on Bihar Chief Minister Nitish Kumar, Congress president Mallikarjun Kharge on Monday said the JD(U) chief used to talk of socialism earlier but then "fell into the lap" of the BJP-RSS, which will dump him "where garbage is dumped".

DEL54 JAISHANKAR-AFGHANISTAN

Afghanistan quake: Jaishankar assures aid to affected people during call with Afghan counterpart New Delhi: India has started delivering relief materials for earthquake-affected people in Afghanistan, with External Affairs Minister S Jaishankar assuring his Afghan counterpart Amir Khan Muttaqi of more supplies.

MDS23 TL-LD SUDERSHAN REDDY

My rival not visible, does not speak: Sudershan Reddy's swipe at NDA VP nominee Hyderabad: Alleging that his rival and ruling NDA nominee C P Radhakrishnan is "neither visible, nor speaking", Opposition's Vice Presidential candidate B Sudershan Reddy on Monday said a healthy debate would have been possible if he had spoken.

MDS28 KA-BJP RALLY-LD DHARMASTHALA

BJP holds mega rally in Dharmasthala, demands central probe into allegations of murders, burials Dharmasthala (Karnataka): The BJP on Monday organised a massive rally in Dharmasthala, demanding a central agency probe into allegations of multiple murders, rapes, and burials in the temple town.

BOM35 MH-JARANGE-LD APPEAL

Clear off Mumbai streets, follow HC directives: Jarange tells Maratha protesters; stir will continue Mumbai: Maratha quota leader Manoj Jarange on Monday asked protesters to follow the directives of the Bombay High Court and not inconvenience the people of Mumbai by roaming on the streets.

BOM30 MH-QUOTA-2ND LD FADNAVIS

Govt will implement HC directives on Maratha stir; exploring legal options on quota: Fadnavis Pune/Mumbai: The administration will implement the Bombay High Court directives on Manoj Jarange-led Maratha quota protest, Chief Minister Devendra Fadnavis said on Monday.

CAL52 WB-MAMATA-2ND LD ARMY

Centre misused Army to dismantle TMC stage to protest 'atrocities' on WB migrants, alleges Mamata Kolkata: West Bengal Chief Minister and Trinamool Congress supremo Mamata Banerjee on Monday accused the Centre of "misusing" the Indian Army to dismantle a stage erected here to protest alleged atrocities on Bengali-speaking migrant workers in BJP-ruled states.

CAL47 AS-HIMANTA-MUSLIMS

Muslims who abide by law, culture of India 'will face no problem': Assam CM Patharkandi: Assam Chief Minister Himanta Biswa Sarma on Monday said Muslims who abide by the law and culture of the country "will face no problem".

DEL49 EC-BIHAR-VOTERS LIST

Bihar SIR: On last day, over 2.17 lakh pleas for removal, 36,000 for inclusion in voters' list New Delhi: The month-long period to demand inclusion and deletion of people from the electoral rolls of Bihar ended on Monday, with more than 36,000 electors filing pleas to get their names added to the document.

BOM37 GJ-FACTORY-BLAST

Two workers killed, 20 injured as blast triggers fire at textile unit in Gujarat Surat: At least two workers were killed and 20 others were injured after an explosion triggered a fire at a textile processing unit in Surat district of Gujarat on Monday, officials said.

BUSINESS DEL63 BIZ-RBI-LD CAD

India's first quarter CAD narrows to 0.2 pc of GDP: RBI Mumbai: India's current account deficit (CAD) narrowed to 0.2 per cent of GDP, or USD 2.4 billion, during the April-June period of 2025-26 compared to 0.9 per cent of the GDP, or USD 8.6 billion, in the year-ago period, helped by services exports, the RBI said on Monday.

DEL51 BIZ-NAVARRO-PURI

Puri slams Navarros 'laundromat' jibe, says India played by rules, didn't profit from Russian oil New Delhi: Oil Minister Hardeep Singh Puri has dismissed White House trade adviser Peter Navarro's 'laundromat' remark, asserting that India has not violated any rules in purchasing Russian oil and its energy trade since the Ukraine war has helped stabilise global markets and keep prices in check.

DEL59 BIZ-AMBANI-NEW YORK FEST

Nita Ambani postpones New York theatre fest amid trade tensions New Delhi: Amid escalating India-US trade tensions, Nita Mukesh Ambani Cultural Centre - the cultural event outfit run by billionaire Mukesh Ambani's wife, has postponed next week's theatrical event in New York, citing "unforeseen circumstances".

LEGAL BOM38 MH-QUOTA-LDALL JARANGE

HC says Mumbai brought to standstill, asks Maratha quota protesters to vacate streets by Tue noon Mumbai, Sep 1 (PTI) The Bombay High Court on Monday asked Maratha quota activist Manoj Jarange's supporters to vacate all streets by Tuesday noon and restore normalcy, noting the stir was not peaceful as promised by organisers and has brought the city to a standstill.

LGD31 SC-BIHAR-LD ELECTORAL ROLL

Bihar SIR: Claims, objections can be filed beyond Sep 1 deadline, EC tells SC New Delhi: The Election Commission of India on Monday said claims, objections and corrections in the draft electoral roll prepared in the Bihar special intensive revision (SIR) exercise can be filed beyond September 1 but the same would be considered once the electoral roll was finalised.

LGD47 SC-FOOTBALL

AIFF-FSDL row: SC reserves order on issue of master rights agreement for ISL New Delhi: The Supreme Court on Monday reserved its order on issues pertaining to the renewal of the master rights agreement, which is necessary for holding Indian Super League (ISL) football matches this season.

LGD29 DL-HC-IAF-WOMAN

Delhi HC directs IAF to appoint woman candidate against unfilled flying branch vacancy New Delhi: The Delhi High Court has directed the Centre and the Indian Air Force to appoint a woman in one of its 20 unfilled flying branch vacancies, underscoring present times when a distinction could not be made between male and female candidates in the Indian Armed Forces.

LGD45 DL-BAR-JUDGES TRANSFER

Frequent transfers of judges in Delhi High Court alarming: DHCBA to CJI New Delhi: The Delhi High Court Bar Association (DHCBA) on Monday wrote to the Chief Justice of India B R Gavai and the Supreme Court collegium while calling for "greater transparency" in the appointments and transfers of judges in the Delhi High Court.

LGD36 SC-BIHAR-ELECTORAL ROLL-EC

99.5% voters filed eligibility docs; except RJD, CPI(ML) no party assisted excluded electors: EC New Delhi: The Election Commission of India on Monday informed the Supreme Court that approximately 99.5 per cent of the 7.24 crore voters submitted eligibility documents for the special intensive revision (SIR) exercise in poll-bound Bihar.

LGD32 UP-COURT-LIFER

Three men sentenced to life imprisonment for killing Dalit man, injuring his children Muzaffarnagar (UP): A special SC/ST court here sentenced three men to life imprisonment for killing a Dalit man and injuring his three children last year, officials said.

LGB3 MH-CONSUMER COURT-SPICEJET

For single burger and fries during 14-hour flight delay, SpiceJet asked to pay Rs 55k to passenger Mumbai: A District Consumer Disputes Redressal Commission has directed SpiceJet to pay Rs 55,000 to a passenger after observing that a "single burger and fries" were "inadequate arrangement" for a 14-hour flight delay.

FOREIGN FGN79 US-TRUMP-LD INDIA

Trump claims India has 'offered' to cut tariffs to nothing, 'but it's getting late' New York/Washington, Sep 1 (PTI) US President Donald Trump on Monday claimed that India has now "offered" to cut its tariffs to nothing, “but it’s getting late”, as he said that India buys most of its oil and military products from Russia and very little from the US. By Yoshita Singh

FGN74 SCO-LD DECLARATION

SCO condemns Pahalgam attack; concurs with India that double-standards to fight terrorism unacceptable Tianjin (China): The Shanghai Cooperation Organisation (SCO) on Monday strongly condemned the Pahalgam terror attack and concurred with India's position that "double standards" in the fight against terrorism are unacceptable.

FGN75 UK-INDIA-TRADE-PACT

India FTA boosts business confidence in volatile world, UK Parliament told London: The India-UK Free Trade Agreement (FTA) signed between Prime Ministers Narendra Modi and Keir Starmer on July 24 will slash trade tariffs from 15 per cent to 3 per cent and boost business confidence in an increasingly volatile world, the British Parliament was told on Monday.

FGN69 SCO-INDIA-BRI-OPPOSE

India maintains opposition to China's Belt and Road Initiative at SCO conclave Tianjin (China): India on Monday refused to endorse China's ambitious Belt and Road initiative (BRI), becoming the only country in the Shanghai Cooperation Organisation (SCO) not to support the connectivity project.

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