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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.
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.

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Inspiring Generations: The Legacy of 10 Trailblazers Unveiled by Kiteskraft Productions LLP

September 12, 2025

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CHANDIGARH, India, Sept. 12, 2025 /PRNewswire/ -- Kiteskraft Productions LLP honors ten extraordinary educators whose vision and dedication continue to inspire generations. These trailblazers move beyond traditional teaching, nurturing creativity, critical thinking, and social responsibility. Through their transformative work in academics and community engagement, they shape knowledge, character, and leadership. Their impact creates lasting legacies, making them true architects of progress and guiding lights for the future. Talented Ritu Insan: Mrs. Ritu Rani, widely known as Talented Ritu Insan, stands as a symbol of empowerment, resilience, and visionary leadership. With more than a decade of dedicated service, she has transformed lives by merging education with social entrepreneurship. Through her wide-ranging skill development programs—spanning tailoring, vocational training, and entrepreneurial guidance—she equips women and marginalized groups with the tools for self-reliance and confidence. Her inclusive approach fosters leadership, nurtures talent, and bridges the crucial gap between learning and livelihood. A strong advocate for gender equality and education reform, she has consistently driven impactful change while earning national recognition. Today, her mission continues to inspire and uplift future generations, creating pathways of opportunity and progress for countless individuals. Debjani Astro: A Life Shaped by Resilience and Service, Bakshiddha Debjani's life is a powerful story of resilience, independence, and service. Raised in a modest household, she turned challenges into opportunities, nurturing both empathy and determination. Fascinated by astrology and palmistry from an early age, she self-taught through books and by 1989, at just 20, began her professional journey. Over the past 35 years, she has become renowned for her accuracy, compassion, and integrity—offering guidance that blends tradition with emotional support. For her, astrology is not just prediction but a tool for confidence and self-awareness. Her journey proves that perseverance and compassion can overcome adversity, inspiring countless lives and reaffirming her belief in service as a life purpose. Dr. Manjunath Bhandary: Dr. Manjunath Bhandary, a distinguished technocrat, social thinker, and institution builder, has redefined higher education in India. With a rare academic blend—Engineering and advanced degrees in Political Science—he combines technical expertise with social insight. Founder of the Bhandary Foundation and Sahyadri College of Engineering & Management, he champions innovation-driven, inclusive, and socially conscious education. His Ph.D. on women's participation in Panchayat Raj reflects his commitment to grassroots empowerment. Globally recognized as an Eisenhower Fellow, Dr. Bhandary has represented India across many countries, while locally uplifting rural communities through transformative initiatives. Under his leadership, Sahyadri has emerged among India's most innovative institutions, nurturing start-ups, fostering employability, and inspiring students to 'walk in with an idea, walk out with a product.' Mrs. Bharti Madhok : Mrs. Bharti Madhok, Vice Chairperson of the Sunbeam Group of Educational Institutions, has dedicated over 45 years to redefining education in Varanasi and beyond. Believing that 'a happy child learns best,' she shaped Sunbeam into a network of schools, colleges, and hostels, impacting more than 35,000 students across 16 districts of Eastern Uttar Pradesh. Her initiatives include the Sunbeam Autism Centre for inclusive education, Karsana Gramin School for rural children, and programs fostering sports, arts, leadership, and entrepreneurship. A strong advocate of women empowerment, she has created thousands of opportunities for women in education and leadership. Nationally recognized with multiple awards, she continues to inspire with her vision of joyful, holistic, and transformative learning. Ms. Marmi Nilay Shukla: Empowered by Art, Elevated by Achievement: The Inspirational Journey of Marmi Nilaybhai Shukla exemplifies how passion for art and dedication to academics can shape a purposeful and impactful life. A postgraduate in English from Krantiguru Shyamji Krishna Verma Kachchh University and graduate of R. R. Lalan College, she has carved a unique identity in Gujarat's cultural landscape. From childhood, her innate creativity shone through classical dance, vocal music, and theatre, earning her numerous accolades at district, state, and national levels. Recognized with prestigious honors—including the Rashtriya Nari Shakti Puraskar—her journey blends artistic brilliance with academic discipline. Through perseverance and talent, she continues to inspire future generations, embodying the transformative power of education, cultural pride, and self-expression. Anyone Can Dance: Inspiring India to Move Without Fear Anyone Can Dance (ACD) is a groundbreaking initiative founded by Sandhya Venigalla during the COVID-19 lockdown. Initially hesitant to dance, she gained confidence through her husband's patient guidance, realizing that countless others shared the same fear. This inspired the creation of ACD—an inclusive platform proving that dance is for everyone, regardless of age or experience. Launched with a 5-day online program, the movement emphasizes fitness, confidence, and joy through live, interactive sessions. In just four years, ACD has empowered over 100,000 people worldwide and earned the Most Innovative Online Dance Platform Award. By focusing on fun, connection, and self-expression, ACD transforms hesitation into confidence, reminding us that truly anyone can dance. Rev. Dr. Vivian Wilson Lobo : Rev. Dr. Vivian Wilson Lobo, Principal of St. Francis De Sales School of Excellence, Nagpur, stands as one of Central India's foremost educationists and visionary leaders. A priest-scholar with a PhD in English, Licentiate in Biblical Theology, MBA, and multiple Master's degrees, he blends academic brilliance with spiritual depth. Under his dynamic leadership, SFS has risen as a premier CISCE institution, ranked among India's Top Five Schools for teacher training and inaugurated as a CISCE Zonal Training Hub. Partnering with IIT Madras and the British Council, the school nurtures global excellence. From robotics world victories to mental maths, sports, and music, Fr. Lobo has fostered holistic development rooted in values, service, and faith, earning national and international acclaim. Mr. John Kiran E: Redefining Digital Innovation with Iconic Dream Focus, John Kiran, Founder and CEO of Iconic Dream Focus, is a visionary entrepreneur shaping the future of digital technology. A Loyola-ICAM engineering graduate, he began his career at HSBC before pursuing his passion for innovation through entrepreneurship. In 2020, he launched Iconic Dream Focus, creating impactful platforms such as Paarambariyam, Drmurs, and Hy U, which seamlessly merge technology with meaningful human experiences. Under his leadership, the company has expanded into AI and data analytics, driving forward-thinking solutions for a global audience. With a mission rooted in purpose and innovation, John Kiran is positioning Iconic Dream Focus as a transformative force in the evolving digital landscape. Ms. Preity Gupta: Preity Gupta, an internationally award-winning Enterprise Security Architect and Advisor (GRC), founded SecureBiz to address a critical gap in India's entrepreneurial landscape. During the COVID-19 digital acceleration, she observed small and mid-sized businesses rushing to the cloud but stumbling over security lapses, leaving them vulnerable and fearful. With years of experience safeguarding multi-cloud systems for global corporations, she envisioned a movement—not just a consultancy—that could democratize cybersecurity. SecureBiz redefines security as a growth enabler through awareness challenges, storytelling, and her bestselling book, Cost Savvy Secure Cloud. Its flagship 'Secure in 2 Days' masterclass empowers even non-tech founders with practical roadmaps, making security accessible, empathetic, and confidence-building. Today, SecureBiz is a vibrant ecosystem helping businesses grow fearlessly. Trinath Sain: A Remarkable Journey from Village Roots to International Recognition, Trinath Sain, a proud son of Bara Palashan village in Purba Bardhaman, has risen beyond boundaries to earn international acclaim in literature and culture. Growing up in a humble rural setting, his talent, dedication, and deep love for art and writing shaped his extraordinary journey. Inspired by the legendary Mahasweta Devi, he penned his first novel, which received wide praise in India and abroad, earning him recognition on February 13, 2014. A memorable milestone in his life was meeting West Bengal Chief Minister, Mamata Banerjee, whose blessings he considers his greatest achievement. Blending literature and dance, he presents powerful social messages globally, proving that creativity rooted in village soil can achieve global impact. About Kiteskraft Productions LLP: Kiteskraft Productions LLP, established in 2019, is a premier organizer of National and International Conferences and Award ceremonies across sectors like Education, Business, Healthcare, NGOs, and Entertainment. With a mission to recognize excellence, Kiteskraft honors individuals who drive innovation and outcome-based learning. Certified by ISO and MSME, and registered under MCA, it upholds high standards of quality. Recognized by the Scholar's Book of World Records, Kiteskraft fosters industry collaboration through impactful events. With a dedicated team and a vision for excellence, Kiteskraft Productions LLP continues to inspire, empower, and shape a brighter future. Visit www.kiteskraft.com for more. Photo: https://mma.prnewswire.com/media/2771701/KITESKRAFT_Trailblazers.jpg' alt='Embedded Media' /> (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI

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