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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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News and Press Release

India Marks Three Years of National Logistics Policy: Transforming India’s Supply Chain Ecosystem

September 16, 2025

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Unified Logistics Interface Platform Facilitates Over 160 Crore Transactions, Enhancing Real-Time Visibility Across 101 Inland Container Depots

LEADS Index and Sectoral Policy for Efficient Logistics Propel India’s Rise in Global Logistics Performance and Sustainable Growth

Government Strengthens Multimodal Transport and Green Logistics with Development of Multi-Modal Parks, Skill Initiatives, and Emission Measurement Tools

The Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce and Industry, commemorates the third anniversary of the National Logistics Policy (NLP), launched by the Prime Minister Shri Narendra Modi on 17th September 2022. Over the past three years, NLP has catalysed reforms across the logistics ecosystem, driving improvements in digital integration, skill development, policy alignment, and infrastructure planning. These initiatives have contributed significantly to enhancing efficiency and reducing logistics costs across domestic and international supply chains.

Aligned with the PM GatiShakti National Master Plan, the National Logistics Policy focuses on strengthening soft infrastructure, advancing digitization, fostering human resource development, and enabling regulatory reforms. Its key objectives are to reduce logistics costs to global benchmarks, improve India’s ranking in the Logistics Performance Index (LPI) to the top 25 by 2030, and establish a robust, data-driven decision support system to ensure an efficient and integrated logistics ecosystem.

Key achievements under the National Logistics Policy (2022–2025) includes the Unified Logistics Interface Platform (ULIP) which has facilitated secure API integration across more than 30 digital systems, enabling over 160 crore digital transactions as of August 2025. The Logistics Data Bank has tracked over 75 million EXIM containers across 101 Inland Container Depots (ICDs), providing real-time visibility and streamlining logistics operations.

The Logistics Ease Across Different States (LEADS) index assesses logistics performance across States and Union Territories. The 2024 edition introduced new parameters such as corridor access and terminal speed, while the 2025 edition expanded to include digital logistics and sustainability metrics. LEADS has played a crucial role in supporting India’s rise to the 38th position in the World Bank’s Logistics Performance Index.

The Logistics Excellence, Advancement, and Performance Shield (LEAPS) initiative recognizes innovation in logistics by MSMEs, startups, and academia, while promoting green logistics and Environmental, Social, and Governance (ESG) practices. Additionally, DPIIT is conducting a logistics cost assessment in partnership with the National Council of Applied Economic Research (NCAER) to develop actionable strategies for cost reduction.

DPIIT’s collaboration with NCAER, initiated in 2024, has led to a systematic, data-driven assessment of logistics costs. Now in its final stages, this study is expected to provide actionable insights to inform policy planning and optimize logistics expenditures.

Large-scale Multi-Modal Logistics Parks (MMLPs) are being developed to enhance multimodal transport by integrating services such as customs clearance, cold storage, and packaging. Efforts are underway to harmonize planning and implementation under a unified framework involving multiple agencies.

To improve digital integration and ease of doing business, an institutional mechanism called the Service Improvement Group (SIG) was established to address policy and regulatory issues. The E-Logs portal has onboarded more than 35 logistics and industry associations, and has successfully resolved 100 out of 140 issues submitted by stakeholders.

In pursuit of green and sustainable logistics, the Indian Institute of Management Bangalore developed the Transportation Emissions Measurement Tool (TEMT), a cloud-based platform aligned with ISO 14083 standards. The National Logistics Policy also encourages logistics service providers to adopt green practices and renewable energy solutions.

Skill development and capacity building have received significant focus, with over 100 universities and institutes now offering logistics-related courses. The Centre of Excellence for City Logistics at SPA Bhopal has trained more than 100 officials, while over 65,000 professionals have been trained between 2023 and 2025 with new qualification packs approved. Furthermore, a Memorandum of Understanding with GatiShakti Vishwavidyalaya has facilitated the launch of undergraduate and postgraduate logistics programs. Over 250 workshops have been conducted for government officials, complemented by digital courses available on the iGoT platform.

The Sectoral Policy for Efficient Logistics (SPEL) aims to create resilient, sector-specific logistics frameworks tailored to industries such as coal, cement, steel, food processing, and pharmaceuticals. SPEL promotes multimodal transport, cost reduction, and data-driven decision-making. To date, the Coal Logistics Policy and Integrated Coal Logistics Plan have been notified, the Cement SPEL finalized, and draft plans for steel, fertilizer, and food processing sectors are underway.

DPIIT, in collaboration with GIZ, has initiated a study to improve women’s participation in the logistics sector. Key findings and recommendations from this study are currently under review to promote gender inclusion and empower women in logistics.

Under the National Logistics Policy, DPIIT has issued guidelines for preparing City Logistics Plans (CLPs) aimed at reducing traffic congestion, pollution, and logistics costs while enhancing urban freight efficiency. These guidelines are being integrated into State Action Plans and State Logistics Policies.

To strengthen logistics at the regional level, twenty-seven States and Union Territories have formulated State Logistics Policies, with fourteen States preparing Logistics Action Plans. Nineteen States have granted industry status to logistics, enabling tax benefits and incentives. Policies in nine States are presently in draft stages, with ongoing efforts to ensure their timely finalization.

While significant progress has been made, challenges remain in addressing infrastructure gaps, regulatory harmonization, and improving digital literacy among smaller logistics operators. Enhanced coordination between States, Union Territories, and Central Ministries is critical to achieving seamless multimodal integration. The Government remains committed to overcoming these challenges through the ‘Whole of Government’ approach under PM GatiShakti, supported by active stakeholder engagement, public-private partnerships, and innovative financing mechanisms.

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