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    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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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.
August 31, 2026
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Foreign exchange market intervention seeks to limit rupee depreciation amid oil-price pressure, dollar strength, and capital outflows.
Foreign exchange market conditions put the rupee under depreciation pressure amid higher crude oil prices, geopolitical risks, stronger US dollar conditions, expectations of tighter US monetary policy and foreign equity outflows. RBI market intervention was reported to contain significant depreciation. Improved foreign-currency non-resident bank deposit flows and higher foreign exchange reserves supported investor sentiment and the external liquidity position.
August 31, 2026
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Psychotropic medicine diversion faces NDPS enforcement where controlled tablets allegedly travel without statutory documentation and traceability details.
Enforcement action under the Narcotic Drugs and Psychotropic Substances Act, 1985 addressed alleged inter-State diversion of psychotropic medicines transported without statutory documentation. A truck carrying Alprazolam, Tramadol, Nitrazepam and Clonazepam tablets was intercepted; the medicines and vehicle were seized and one suspect was arrested. Preliminary examination indicated erasure of identifying batch and date details and transport of region-restricted medicines without invoices, bilty or e-way bills. Investigation concerns the manufacturing, supply and distribution network involved.

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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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