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    SC slams CBI, Delhi Police EoW over silence in Indiabulls probe, calls their conduct 'shocking'
    Govt introduces Bill in RS to tackle payment delays faced by MSMEs
    Regional Rural Banks (RRBs) Post Highest-Ever Net Profit of Rs. 10,177 Crore in FY 2025–26, show consistent improvement in other key financial param...
    Gross Non-Performing Assets (GNPA) of Public Sector Banks (PSBs) at historic low of 1.9% in FY 2025-26, achieve highest-ever net profit of ₹ 1.9...
    India's Toy Exports Soar 89.1%, Reflecting Strong Growth in Domestic Manufacturing
    India's Exports Scale Record US$ 863.1 Billion in FY 2025–26, Driven by Strong Trade with UAE, UK and Australia
    India's FTAs Deepen Global Market Access, Boost Export Diversification and Labour-Intensive Sectors.
    73 Sports Medal Winners of Chandigarh University get government jobs in 2025-26
    Centre orders sugar dealers to limit stocks to 30 days; stock limit at 4,000 quintals
    5 Credit Profile Checks That Can Improve Financial Health
    Gold Loan EMI or Bullet Repayment: Muthoot Finance Helps Choose Right in 2026
    EU-ASEAN Business Council Calls for stronger action on Illicit Trade, highlights India''s Strategic role
    Union Minister of Commerce & Industry Shri Piyush Goyal Announces Task Force to Support Toy Sector, Targets 5% Global Market Share by 2032.
    Bihar: Doctor held in connection with paper leak in PSC teachers' recruitment exam 2 years ago
    NYVO Launches India’s First Family Advisory Platform to Close the Investment Advisory Gap
    Tata Power to set up solar equipment manufacturing plant in Odisha
    SC asks Parsvnath Developers to file report on pending cases against it
    HDFC Bank board imposes Rs 1 lakh penalty on its MD, CFO and Group head in MSRDC case
    Gold rebounds Rs 2,440 to Rs 1.49 lakh/10g; silver climbs Rs 5,300 amid strong global cues
    Panasonic Washing Machines in 2026: Five Models with AI Connectivity, Built-In Heaters, and Smart Fabric Care
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    July 28, 2026
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    Investigation into alleged fund diversion faced scrutiny as agencies were required to disclose progress and decide on regular cases.
    Investigation into alleged dubious transactions and fund diversion involving Indiabulls Housing Finance Limited remained under scrutiny because investigating agencies did not provide an updated status or take a final decision on registration of regular cases. The Central Bureau of Investigation and Delhi Police Economic Offences Wing were required to file a comprehensive affidavit and status report. The allegations concern loans allegedly routed through corporate entities to promoter-linked companies, alongside inquiries involving financial, corporate-fraud and market-regulatory agencies.
    July 28, 2026
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    MSME payment-delay reforms propose faster dispute resolution, enforceable settlement recovery, and invoice discounting to strengthen supplier liquidity.
    The proposed amendment strengthens delayed-payment dispute resolution for micro and small enterprise suppliers through prescribed adjudication timelines and possible interim payment of at least half the awarded amount where a setting-aside application remains pending beyond six months. Mediated settlements and arbitral awards may be recovered as arrears of land revenue and are proposed to be legally enforceable debts under the insolvency framework. Central public sector enterprises would be required to route MSME invoice settlements through the Trade Receivables Discounting System.
    July 28, 2026
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    Regional rural bank oversight strengthens financial performance, technology adoption, diversified lending and financial inclusion in remote communities.
    Regional Rural Banks are regularly reviewed for financial performance, technology upgradation, MSME lending, loan diversification and financial inclusion in rural and remote areas. Their financial health improved over recent years, with growth in deposits, loans, credit-deposit ratio, net worth and capital adequacy, alongside improved asset-quality indicators. Financial-inclusion targets for bank-account access, micro-credit, insurance and pension schemes are set and periodically monitored to extend formal financial services.
    July 28, 2026
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    Emergency credit guarantee support addresses business liquidity mismatches while public sector banks report stronger asset quality and sectoral lending growth.
    Public sector banks reported improved balance-sheet health, rising business and lending, higher profits, stronger capital adequacy, and lower gross non-performing assets through FY 2025-26. Credit expanded across retail, agriculture, MSME, and infrastructure segments. Emergency Credit Line Guarantee Scheme 5.0 provides guarantee coverage to member lending institutions for eligible additional credit facilities addressing short-term liquidity mismatches, with full coverage for MSMEs and differentiated coverage for non-MSMEs and scheduled passenger airlines. Airline assistance is linked to peak credit outstanding and may require proportionate promoter or owner equity contribution above the applicable threshold.
    July 28, 2026
    Show AI Summary
    Toy quality regulation and export support strengthen domestic manufacturing, safety compliance, market access, and competitiveness in the Indian toy sector.
    Toy-sector measures combine quality regulation, import-duty changes, domestic manufacturing support, export facilitation, and promotional initiatives. The National Action Plan for Toys covers toy design, learning-oriented toys, quality monitoring, restrictions on unsafe imports, indigenous clusters, and domestic production. A Quality Control Order and BIS licensing framework support compliance with toy-safety standards. Cluster assistance, startup recognition, export-duty remission support, and zero-duty market access under specified trade agreements seek to strengthen competitiveness, while stated measures are associated with improved quality conformity, lower imports, and increased exports.
    July 28, 2026
    Show AI Summary
    Preferential market access under free trade agreements supports export diversification, labour-intensive sectors, and exporter use of tariff concessions.
    India's FTA framework is used to promote preferential tariff utilisation, export diversification and expanded market access. The Government monitors recently operationalised agreements through Certificates of Origin and partner-country trade data. Agreements with the UAE, Australia, Mauritius, Oman and EFTA are associated with increased product-line coverage, tariff preference utilisation and export opportunities. Labour-intensive sectors receive priority through preferential access, while calibrated tariff liberalisation and transition arrangements seek to protect sensitive domestic sectors. Trade e-Connect and the Trade Intelligence and Analytics Portal support exporters with market intelligence, rules of origin guidance, trade data and export-performance monitoring.
    July 28, 2026
    Show AI Summary
    Preferential Market Access under free trade agreements supports export diversification, labour-intensive sectors, tariff utilisation and data-driven trade facilitation.
    Preferential tariff utilisation under recently operationalised trade agreements is monitored through Certificates of Origin and partner-country trade data. Increased certificate issuance and expansion in exported HS-level tariff lines are treated as indicators of export diversification and market penetration. Labour-intensive sectors receive improved market-access opportunities under FTAs, while calibrated tariff liberalisation and transition arrangements preserve policy space for sensitive domestic sectors. Trade e-Connect and the Trade Intelligence and Analytics Portal provide exporters and policymakers with market intelligence, Rules of Origin guidance, FTA advisory services and trade-performance analytics.
    July 28, 2026
    Show AI Summary
    Sports-quota government recruitment recognised medal-winning student-athletes for public employment across defence, policing, railways and other government institutions.
    Sports-quota recruitment enabled medal-winning student-athletes to obtain government employment on the basis of sporting performances at state, national and international levels. Appointments covered armed forces, central armed police and paramilitary organisations, railways, police, the Income Tax Department, a public-sector bank, sports departments and other government institutions. The described sports framework provides scholarships, coaching, infrastructure, dietary support, travel, accommodation, equipment and selection-oriented physical, mental and personality-development training.
    July 28, 2026
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    Sugar stock controls require dealers to limit inventory duration and quantity, declare holdings, and curb speculative buying.
    Sugar dealers may not retain stock beyond thirty days from receipt or hold sugar above 4,000 quintals at any time or place. Government-account stocks and authorised Public Distribution System stocks are excluded. State Governments and Union territory administrations may prescribe limits only within the national ceiling and holding period. Dealers must declare and regularly update stock positions on the designated portal. The temporary restrictions are intended to maintain domestic availability, discourage speculative buying and contain sugar prices.
    July 28, 2026
    Show AI Summary
    Credit Profile Management requires timely repayments, controlled utilisation, selective borrowing and prompt correction of credit-report inaccuracies.
    A healthy credit profile depends on timely repayment of EMIs and credit-card dues, controlled credit utilisation and selective applications for new credit. Missed payments, sustained high utilisation and multiple hard enquiries may affect credit health and lender assessment. Individuals should periodically review credit reports for inaccurate personal details, closed loans recorded as active, missing repayment updates, duplicate loan entries or incorrect payment status, and promptly seek correction of discrepancies. Regular monitoring of credit score, repayment history, active accounts and enquiries supports informed credit-management decisions.
    July 28, 2026
    Show AI Summary
    Gold loan repayment structures require borrowers to weigh EMI interest savings against bullet repayment cash-flow flexibility and maturity obligations.
    Gold loans may be repaid through EMIs, which reduce principal and interest through periodic instalments, or through Bullet Repayment, which defers principal and accrued interest until maturity. The stated framework imposes tiered loan-to-value limits and caps consumption-purpose bullet loans at 12 months, with bullet-loan collateral assessment including projected interest. EMI repayment may reduce overall interest cost for borrowers with predictable income, while bullet repayment may preserve cash flow for borrowers expecting a defined future inflow. Borrowers should compare costs and review the Key Fact Statement before choosing a structure.
    July 28, 2026
    Show AI Summary
    Illicit trade prevention requires coordinated intelligence sharing, risk-based shipment controls and public-private cooperation to protect supply-chain integrity.
    Illicit trade prevention requires coordinated regional action through institutional intelligence-sharing, joint enforcement, regulatory alignment and public-private engagement. Proposed measures include risk-based pre-export assurance, shipment controls, digital customs tools and common principles adaptable to sector-specific risks. India is identified as a dialogue partner that can support secure regional trade through enforcement cooperation, intelligence exchange and risk-based governance. Analytical research, market intelligence, product-identification awareness and voluntary track-and-trace initiatives may assist in addressing illicit tobacco trade and strengthening lawful trade integrity.
    July 28, 2026
    Show AI Summary
    Toy-sector competitiveness is advanced through a task force and playbook focused on manufacturing, innovation, quality compliance and exports.
    Toy-sector competitiveness is proposed to be advanced through a dedicated task force and a playbook addressing manufacturing ecosystems, value chains, standards and compliance, skills, innovation, intellectual property and exports. The task force is intended to strengthen manufacturing capability, resolve value-chain bottlenecks, enable design and innovation, develop employment and skills, improve ease of doing business and support global value-chain integration. The roadmap emphasises domestic production, quality standards, localisation, branding, cluster development and support for MSMEs and startups.
    July 28, 2026
    Show AI Summary
    Examination-paper leakage allegations prompt arrest over arranging teacher recruitment candidates' access to leaked questions before the competitive examination.
    Alleged examination-paper leakage in the Public Service Commission teacher recruitment examination is under investigation by the state Economic Offences Unit. A doctor was arrested in connection with allegations that he participated in a conspiracy to leak the examination paper and arrange candidates' selection for payment. Investigators alleged that he arranged candidates who were taken to a hotel shortly before the examination and given access to the leaked question paper.
    July 28, 2026
    Show AI Summary
    Fee-only investment advisory integrates household goals, insurance and mutual fund execution through personalised, incentive-independent financial planning.
    NYVO's fee-only platform integrates investments, goals, insurance and cash flows into a personalised household financial plan. Users may connect existing mutual fund holdings, assess their alignment with financial goals and execute mutual fund transactions on the platform. Recommendations are based on an in-house asset-allocation model and mutual fund rating engine, while the flat-fee structure and absence of product-linked remuneration are intended to preserve independence from sales incentives. The platform uses read-only access under the RBI Account Aggregator framework.
    July 27, 2026
    Show AI Summary
    Solar wafer and ingot manufacturing expansion in Odisha advances subject to environmental, water and other regulatory approvals.
    A solar wafer and ingot plant is proposed on acquired special economic zone land in Odisha, subject to arrangements for environmental clearances, water and other approvals. Work is expected to commence in October, with operations targeted for January 2028. The facility is intended to support solar manufacturing capacity and may address export opportunities arising from European renewable-energy market access for non-Chinese supply chains.
    July 27, 2026
    Show AI Summary
    Homebuyer enforcement measures require developer compliance with deposit, project completion, and disclosure of pending cases.
    Homebuyer enforcement proceedings required the developer and its directors to disclose the status of pending purchaser cases and complete outstanding work in the booked dwelling unit by the specified deadline. Earlier directions required deposit of the recoverable amount with annual interest and warned of coercive consequences for non-compliance. Protective measures included freezing bank accounts, issuing bailable warrants, and preventing creation of third-party rights or transfer of possession. Insolvency proceedings were stated not to impede enforcement of directions concerning the homebuyers' claims.
    July 27, 2026
    Show AI Summary
    RBI direction compliance prompted internal disciplinary action over deposit mobilisation and marketing-expenditure payments, with the matter referred to RBI.
    HDFC Bank's board addressed potential divergence from applicable RBI Directions concerning deposits mobilised from the Maharashtra State Road Development Corporation and related marketing-expenditure payments. Based on recommendations of a Special Disciplinary Committee of Independent Directors, it treated the conduct as business overreach rather than mala fide conduct, personal enrichment, or improper motive. Monetary penalties and warning letters were issued to relevant employees, and the board directed communication of the matter to the Reserve Bank of India.
    July 27, 2026
    Show AI Summary
    Precious-metal market pricing rebounds as easing inflation concerns, global bullion strength and lower yields support gold and silver.
    Precious-metal prices rebounded in the domestic market, supported by stronger global bullion trends, lower crude-oil prices, easing inflation concerns, a weaker US dollar and lower Treasury bond yields. Domestic gold gains were limited by rupee appreciation. Further bullion-price movement was linked to geopolitical developments, inflation and GDP data, US economic indicators, and monetary-policy decisions by major central banks.
    July 27, 2026
    Show AI Summary
    Consumer financing eligibility supports instalment purchases of washing machines through partner stores, requiring in-person application and approval.
    Consumer financing for Panasonic washing-machine purchases is available through Bajaj Finance partner stores under an Easy EMI Loan or Insta EMI Card, subject to eligibility and available credit limits. Repayment is offered through instalments over specified tenures, with zero down payment available on select models. Buyers must be physically present at a partner store to apply. The process includes comparing models, verifying pre-approved eligibility through mobile-number and OTP verification, evaluating the product in store, selecting an EMI plan, and completing the transaction after approval.

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      FAQ on GST Rate Rationalization based on recommendations of the GST Council in its 56th Meeting on 3rd September, 2025

      September 22, 2025

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      Q1. Is it required to recall and re-label MRP on medicines already in the supply chain before 22nd September,2025? How will the re-labelling be implemented?

      Answer: The National Pharmaceutical Pricing Authority (NPPA) vide OMs dated 12.9.2025 and 13.9.2025 have clarified the following:

      • All manufacturers/ marketing companies selling drugs/ formulations shall revise the Maximum Retail Price (MRP) of drugs/formulations (including medical devices).
      • The manufacturers/ marketing companies shall issue revised price list or supplementary price list, in Form V/VI, to dealers and retailers for display to consumers, and to State Drug Controllers and the Government, reflecting the revised GST rates and revised MRP.
      • Recalling, re-labelling, or re-stickering on the label of container or pack of stocks released in the market prior to 22nd September, 2025 is not mandatory, if manufacturer/ marketing companies are able to ensure price compliance at the retailer level.

      The OMs are available in the website of the National Pharmaceutical Pricing Authority (NPPA) under Department of Pharmaceuticals:

      https://nppa.gov.in/uploads/tender/01da3cf0cd3d17c68c9a63fe23878260.pdf and

      https://nppa.gov.in/uploads/tender/ 12fbbb0cb337f1d2d70afb3fbcb57f39.pdf

      Q2. Unmanned aircrafts (Drones) attracted 5%,18% and 28% GST rate. 56th GST Council had recommended 5% GST rate on drones. Whether this 5% GST rate will apply to all types of drones?

      Answer: Earlier unmanned aircrafts for personal use attracted 28% GST, unmanned aircrafts with digital camera/video camera recorders attracted 18% GST rate and all other unmanned aircrafts apart from aforementioned categories attracted 5% GST.

      The GST council in its 56th meeting held on 03.09.2025 has recommended uniform GST rate of 5% on all the drones.

      Q3. What is the current GST rate on bricks?

      Answer: A Special Composition Scheme on supply of the bricks (other than sand lime bricks) was implemented w.e.f 1st April,2022 based on the Report of the Group of Ministers on Capacity Based Taxation and Special Composition Scheme which was accepted by GST Council in its 45th meeting held on 17th Sep 2021. Under the scheme, bricks attract GST of 6% without ITC and 12% with ITC with threshold limit for bricks at Rs. 20 lakhs instead of Rs.40 lakhs as is applicable to goods. The GST council in its 56th meeting held on 3rd September, 2025 did not recommend any change on the special composition scheme rates except on sand lime bricks on which GST rate has been recommended to be reduced from 12% to 5%. Hence, all kinds of bricks except sand lime bricks continue to attract GST of 6% without ITC and 12% with ITC with a threshold limit of Rs. 20 lakhs.

      Q4. What are the insurance services covered within the ambit of the exemption granted to individual life and health insurance?

      Answer: Services of individual health and life insurance business provided by insurers to the insured, where the insured is not a group, are included within the ambit of the exemption. When these services are provided to an individual, or to an individual with his/her family, the same will be exempted.

      Q5. In addition to exempting services of individual health and life insurance supplied by insurers, will any input services of insurers be also exempted?

      Answer: At present, insurers are availing ITC on many inputs and input services such as commissions, brokerage and reinsurance, etc. Out of these input services, reinsurance services will be exempted. Input Tax Credit of other inputs or input services is to be reversed because the output services will be exempted.

      Q6. Do hotels which supply units of accommodation having value less than or equal to Rs 7500/- per unit day have the option of supplying such units at 18% with ITC?

      Answer: Suppliers of hotel accommodation service where the value of a unit of accommodation is less than or equal to Rs 7500/- per unit per day, shall have to charge GST at 5% without ITC on such units. It is a mandatory rate prescribed for such services, and the option to pay GST at the rate of 18% with ITC is not available for such units.

      Q7. Will hotels supplying units of accommodation having value less than or equal to Rs 7500/- per unit per day be able to avail ITC in relation to such units?

      Answer: The hotels supplying units of accommodation which have value less than or equal to Rs 7500/- per unit per day, shall not be able to avail ITC on such units, as the GST rate prescribed for such supplies is 5% without ITC.

      Q8. Is the 5% without ITC rate on beauty and physical well-being services mandatory? Can service providers charge 18% with ITC?

      Answer: The 5% without ITC rate on beauty and physical well-being services is mandatory. Service providers do not have the option to charge 18% with ITC on these services.

      Q9.How should a service provider deal with input tax credit (ITC) in cases where GST is payable at a rate of 5% without ITC?

      Answer: In such cases,

      (a) Credit of input tax charged on goods or services used exclusively in supplying such services shall not be taken by the service provider; and

      (b) Credit of input tax charged on goods or services used partly for supplying such services and partly for supplying other taxable supplies shall be reversed by the service provider as if the supply leviable to 5% without ITC is an exempt supply. Consequently, proportionate ITC shall be required to be reversed by the service provider as per Section 17(2) of the CGST Act, 2017 and the rules made thereunder.

      Q10. What is the GST rate applicable on job work services in relation to bus body building?

      Answer: Job work services in relation to bus body building are taxable at a GST rate of 18% with Input Tax Credit (ITC). Earlier, these services were covered under a specific entry [erstwhile Entry (ic) of Heading 9988] and attracted 18% with ITC. In the recent rate rationalization exercise, all residual job work services or other manufacturing services have been aligned to 18% with ITC, thereby subsuming the specific entry for bus body building.

      Q11. What is the GST rate applicable on job work services in relation to bricks?

      Answer: Job-work services in relation to those bricks that will attract GST @5% (E.g. sand lime bricks) will be taxable at the rate of 5% with ITC.

      Q12. What is the GST rate applicable on multimodal transport of goods?

      Answer: Multimodal transport of goods (where at least two different modes are used by a multimodal transporter) will be taxable as follows:

      (a) 5% with restricted input tax credit — i.e. ITC allowed only on input services of transportation of goods limited to 5% of the value; when no leg of transport of goods is by air.

      (b) 18%, with full input tax credit; when at least one leg of the transport is by air.

      Q13. Can ITC be taken on multimodal transport services, where no leg of transport is by air and the applicable rate is 5%?

      Answer. Input services of goods transportation limited to 5% of the value will be allowed even if supplier of such services has charged a higher rate of tax. ITC will not be allowed for other inputs or input services.

      Example: ‘A’ engages ‘B’ (multimodal transporter) for transport of goods from New Delhi to Gaya for Rs. 1200, without involving any transportation through air. B’ hires GTA ‘C’ for Rs. 600 who charges tax @18% and Container Transport Operator ‘D’ for Rs. 400 who charges tax @5%.

      GST Rate applicable for the service provided by ‘B’: 5%

      ITC available to ‘B’:

      (a) GTA input: Rs. 30 (5% of Rs. 600), not Rs. 108 (18% of 600)

      (b) CTO input: Rs. 20 (5% of Rs. 400).

      Q14. What is the tax treatment if multimodal transportation involves transport of goods through air also?

      Answer: If at least one leg of transport is through air, the applicable GST rate will be 18%. In such cases entire ITC of inputs or input services is allowed.

      Example: ‘A’ engages ‘B’ (multimodal transporter) for transport of goods from New Delhi to Gaya for Rs. 1200, which involves transportation through air. B’ engages a service provider ‘C’ providing services of transport of goods through air for Rs 800 and a GTA ‘D’ for Rs. 200 who charges tax @18%.

      GST rate applicable on the service provided by B: 18%

      ITC available to ‘B’:

      (a) GTA input: Rs 36 (18% of Rs. 200)

      (b) Input on the services of goods transportation by air: Rs 144 (18% of Rs. 800).

      Q15. Who is liable to pay GST for Local Delivery Services provided through ECO?

      Answer: Services by way of local delivery provided through an e-commerce operator (ECO) where the person supplying such services is not liable to register under Section 22(1) will be covered under Section 9(5) of the CGST Act. In such cases, the liability to pay GST will be on the ECO.

      Q16. At what rate are local delivery services taxable?

      Answer: The services of local delivery are taxable at 18%.

      If such services of local delivery are supplied directly by a registered person: GST @ 18% payable by that person.

      If such services of local delivery are supplied through ECO by a person who is not liable to be registered: GST @ 18% payable by the ECO under section 9(5).

      If such services of local delivery are supplied through ECO by a registered person: GST@18% is payable by the supplier of the local delivery service, i.e., the registered person supplying through ECO.

      Q17. Whether an ECO providing the local delivery services are covered within the scope of GTA? What will be the effect if the local delivery services are provided through an ECO?

      Answer: “Goods Transport Agency” (GTA) will not include:

      (a) “electronic commerce operator by whom the services of local delivery are provided,” and

      (b) “electronic commerce operator through whom the services of local delivery are provided.”

      Q18. What is tax treatment for leasing or renting services without operator?

      Answer: Majority of leasing or rental services without operator are taxed at the same rate of tax as applicable on supply of like goods. No change is proposed in this regard. The tax rate on such services will continue to be equal to the tax rate applicable on supply of like goods. For example, if cars or machines are taxed at 18% then the rate of 18% will be applicable for leasing or renting (without operator) of such cars or machines. Similarly, if supply of any motor vehicle is taxed at 40% or 5% then the leasing or renting services (without operator) will also be taxed at 40% or 5% respectively.

      Q19. What is the applicable tax rate on leasing/renting a car with operator?

      Answer: Supplier of services of leasing/renting a car with operator (for example, driver) will now have the option of charging 5% with ITC of input services in same line of business or 18% with full ITC.

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      ActsIncome Tax