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    ED raids in Chhattisgarh PSC 'scam' case; ex CM Baghel's PA raided
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September 1, 2026
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Money laundering investigation triggers searches linked to alleged Public Service Commission irregularities, including premises of a former chief minister's assistant.
A money-laundering investigation under the Prevention of Money Laundering Act has led to searches at seven locations in Chhattisgarh in connection with alleged irregularities at the Chhattisgarh Public Service Commission. The search operation includes the premises of K. K. Chandrakar, personal assistant to former Chief Minister Bhupesh Baghel. The investigation remains at the search and inquiry stage.
September 1, 2026
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Income-tax return filing: non-audit business and professional taxpayers use applicable forms by prescribed due dates.
August 31, 2026 was the due date for taxpayers having business or professional income who were not subject to audit. Such non-audit taxpayers may use ITR-3, ITR-4, ITR-5 or ITR-7, as applicable. ITR-3 applies to individuals and Hindu Undivided Families with proprietary business or professional income, while ITR-4 is intended for small and medium taxpayers. ITR-5 applies to firms, limited liability partnerships and cooperative societies, and ITR-7 applies to trusts and charitable institutions.
September 1, 2026
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Gold smuggling enforcement targets transit abuse, concealed carriage, and border routes through coordinated seizures and arrests nationwide.
Intelligence-led enforcement against organised gold smuggling resulted in the seizure of over 42 kg of foreign-origin gold and around 10 kg of foreign-origin silver, collectively valued at more than Rs. 65 crore, and the arrest of 25 persons. Operations targeted networks using airport transit routes, airport personnel, land-border corridors, coastal routes, and domestic road transport. Gold was concealed in wax, compound, paste, raw-chain and bar forms, including through body concealment, internally secreted capsules, clothing, and specially created cavities.
September 1, 2026
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Predictive consumption-expenditure framework will use household survey data to support poverty estimation, consumption analysis, and economic planning.
MoSPI and Thapar Institute of Engineering & Technology have entered into a memorandum of understanding for a research study to develop a predictive and analytical framework for monthly consumption expenditure in India. The study will use Household Consumption Expenditure Survey data to estimate Monthly Per Capita Consumption Expenditure at national and state levels, analyse household consumption patterns, and generate evidence relevant to poverty estimation and broader economic planning.
August 31, 2026
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Personal insolvency repayment plans: conflicting views on binding dissenting creditors prompted reconsideration through an expanded adjudicatory bench.
National Company Law Tribunal constituted a five-member bench after conflicting views on a personal insolvency repayment plan left no majority position for a formal order. The central issue is whether creditor approval of the plan binds dissenting creditors and extinguishes their claims against the personal guarantor. One view preserved dissenting creditors' independent recovery rights, while another applied the creditor-approved plan uniformly to all creditors. Disagreement also concerns the Adjudicating Authority's power to examine the resolution professional's report of the creditors' meeting.
August 31, 2026
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Personal insolvency repayment plans raise unresolved questions on dissenting creditors' rights and uniform extinguishment of claims.
Personal insolvency proceedings were referred for fresh adjudication because no majority emerged on the repayment plan. The Technical Member rejected the plan; the Judicial Member confined it to consenting creditors while preserving dissentents' recovery rights; and the Third Member approved it with uniform extinguishment of all creditors' claims. The dispute concerns whether creditor approval under section 115(1) binds dissenting creditors, the effect of section 79(2)(g), and the Adjudicating Authority's power to examine the Resolution Professional's creditors' meeting report.
August 31, 2026
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Rupee exchange-rate support through suspected intervention and FCNR(B) inflows offset pressure from dollar strength and higher crude prices.
Rupee exchange-rate movement reflected a recovery from early losses to close stronger against the US dollar, amid market expectations of Reserve Bank of India support at lower trading levels. Pressure arose from higher US Treasury yields, possible US rate-hike expectations and a broad dollar rally. Suspected intervention, FCNR(B)-related foreign-currency flows and the special USD-INR forex swap facility supported sentiment, while rising crude prices, geopolitical supply risks and foreign institutional equity outflows remained adverse factors.
August 31, 2026
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Income-tax return filing for non-audit business and professional taxpayers closes at midnight, requiring use of applicable forms.
Income-tax return filing for Assessment Year 2026-27 reaches its due date on 31 August 2026 for taxpayers having business or professional income who are not subject to audit. Such taxpayers may file the applicable ITR-3, ITR-4, ITR-5 or ITR-7. ITR-3 applies to individuals and Hindu Undivided Families with proprietary business or professional income, ITR-4 to small and medium taxpayers, and ITR-5 to firms, limited liability partnerships and cooperative societies.
August 31, 2026
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Monthly fiscal accounts track receipt composition, expenditure allocation, tax devolution, interest payments, and major subsidy outgo through July.
Union Government monthly accounts through July 2026 record total receipts comprising net tax revenue, non-tax revenue and non-debt capital receipts, with tax devolution transferred to State Governments. Total expenditure is divided between revenue and capital expenditure. Revenue expenditure includes interest payments and major subsidies.
August 31, 2026
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Personal guarantor insolvency distinguishes guarantee liability from borrower debt while creditor voting challenges question repayment-plan approval.
Personal insolvency proceedings concerning personal guarantees distinguish a guarantor's liability from the underlying borrowing entities' debts. Claims against the guarantor arise from guarantees furnished for loans obtained by Essel Group-associated entities, while the borrowers' repayment obligations remain enforceable and creditors may pursue corporate assets and securities. Dissenting lenders have challenged the resolution-plan voting process, alleging that family-linked associates or related parties should have been excluded from committee of creditors voting.
August 31, 2026
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National accounts revisions align GDP and sectoral estimates with updated price, production and banking service indicators.
National Accounts Statistics-2026 incorporates updated Producer Price Index, Index of Industrial Production and Banking Services Price Index series with base year 2022-23 into annual and quarterly GDP estimates. The revised indicators expand coverage, update weights and improve price mapping for national-account activities. GDP and gross value added estimates from 2022-23 onwards are revised at current and constant prices, with sector-specific effects in mining and quarrying, manufacturing, trade services, general government and departmental enterprises. Supply and Use Tables for 2022-23 and 2023-24 are also updated.
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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.

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Through their eyes: Donald Trump and his actions, as seen by leaders from around the world

September 28, 2025

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United Nations, Sep 28 (AP) Regardless of political perspective, no one could argue that the presidency of Donald Trump — and his second term so far in particular — has been anything less than consequential, not only for the United States but for the world.

That hasn't gone unremarked-upon at the UN General Assembly's meeting of world leaders, to whom Trump spoke Tuesday. In marquee speeches and other settings, many of them have mentioned Trump and his policies, be it obliquely or directly.

Here's a sampling of quotes by leaders and luminaries from around the world this past week at the United Nations talking about Trump and his administration — positive, negative and in between.

FRANCE “Guess what? I'm waiting in the street because everything is frozen for you! ... I would love this weekend to have a short discussion with Qatar and you on the situation in Gaza.” — French President Emmanuel Macron in a phone call to Trump after encountering a road closure because of the US president's motorcade.

CHINA “A major cause of the current global economic doldrums is the rise in unilateral and protective measures, such as tariff hikes and erection of walls and barriers. We should collaborate more closely to identify and expand convergence of interests, promote universally beneficial and inclusive economic globalisation, and help each other succeed by moving forward in the same direction.” — Chinese Premier Li Qiang in his General Assembly speech.

ARGENTINA “President Trump of the United States also understands that the time has come to reverse a dynamic that is leading the United States towards a disaster, and we know that a disaster in the United States is a global disaster. His unflinching and successful policy in terms of halting illegal immigration makes that conviction more than clear. ... What Donald Trump is also doing is restructuring the terms of international trade in unprecedented fashion. ... Furthermore, he's instituting a cleanup of the institutional capture of the American state.” — Argentine President Javier Milei in his General Assembly speech.

BOLIVIA “We have a third cause of the current wars, which is more immediate. That is the obsessive zeal of the new Trump administration to give the United States back its position as a hegemonic power, at the cost of the liberal system, free trade, globalisation, and to cause pain and death. For what? To take ownership over natural resources, to take control over commodities for the benefit of an imperial system, and to subordinate the majority of countries for their insatiable thirst for privilege and wealth, and to try to maintain a unipolar order at any cost.” — Bolivian President Luis Arce in his General Assembly speech.

UKRAINE “Yesterday, we had a good meeting with President Trump, and I also spoke with many other strong leaders, and together, we can change a lot.” — Ukrainian President Volodymyr Zelenskyy in his General Assembly speech.

RUSSIA “In the approaches of the current US administration, we see a desire not only to contribute to ways to realistically resolve the Ukrainian crisis, but also a desire to develop pragmatic cooperation without adopting an ideological stance.” — Russian Foreign Minister Sergey Lavrov in his General Assembly speech.

INDIA "If climate action itself is questioned, what hope is there for climate justice?” — Indian Foreign Minister Subrahmanyam Jaishankar.

ARMENIA “The role of United States President Donald Trump is decisive in this (Armenia-Azerbaijan) peace process, whose dedication, consistency and principledness made possible what seemed to be impossible.” — Armenian Prime Minister Nikol Pashinyan in his General Assembly speech. Azerbaijani President Ilham Aliyev also thanked Trump for his role in the peace initiative and “for opening a new chapter in the US -Azerbaijan relationship.

CAMBODIA “We are grateful that a ceasefire (with Thailand), brokered by US President Trump, effectively halted armed clashes.... However, the ceasefire remains very fragile.” — Cambodian Deputy Prime Minister Sokhonn Prak in his General Assembly speech. Thai Foreign Minister Sihasak Phuangketkeow also saluted “President Trump's strong dedication to peace” while calling the ceasefire “fragile.” SLOVENIA “States are withdrawing from the Paris climate agreement, from the Ottawa treaty and from U.N. agencies, or simply cutting their financing. Each such act chips away at the support for multilateralism, a system designed not for the powerful few, but for the benefit of us all.” — President Natasa Pirc Musar of Slovenia in her General Assembly speech. (The US has withdrawn from the Paris accord and from multiple UN agencies. The US never signed onto the Ottawa Convention against antipersonnel land mines; some other countries are withdrawing from it.) BELARUS “The actions of the United States of America to reduce its support to the UN, which has already caused plans to cut staff in our organisation, are a very unpleasant wake-up call. But you'll have to agree that if the UN is able to be an impartial forum and move with the times, it will be in demand by everyone.” — Foreign Minister Maxim Ryzhenkov of Belarus in his General Assembly speech.

CONGO “I applaud, in this regard (the Congo-Rwanda peace deal ) the leadership of President Donald Trump.” — President Felix Tshisekedi of Congo in his General Assembly speech. Rwandan Foreign Minister Olivier Nduhungirehe also credited “strong leadership” from Trump and Qatari Emir Sheikh Tamim bin Hamad Al Thani.

HAITI “I also must thank President Trump's administration for the efforts made to bring support and resources to our common fight against gangs, the enemies who threaten both Haiti and the whole region.” — Laurent Saint-Cyr, head of Haiti's transitional presidential council, in his General Assembly speech.

SAINT KITTS AND NEVIS “We recognize the serious threats posed by drug trafficking and other transnational crimes. These scourges must be addressed through cooperation, dialogue respect for sovereignty and the full respect for the principles of international law....We encourage dialogue between our two friends — the Bolivarian Republic of Venezuela and the United States of America — to ensure that our region remains a zone of peace.” — Prime Minister Terrance Drew of Saint Kitts and Nevis.

COLOMBIA “Was it really necessary to bomb unarmed, poor young people in the Caribbean? The anti-drug policy is not meant to stop cocaine that is coming to the United States. The anti-drug policy is to dominate the peoples of the South as a whole.... And there should be criminal cases against those officials of the United States for doing this, including the the utmost official, President Trump, who allowed the shooting of missiles against these young people who were simply trying to escape poverty.” — Colombian President Gustavo Petro in his General Assembly speech.

SOUTH KOREA “It would be fantastic if (Trump and North Korean leader Kim Jong Un) met with each other in the near future. And (South Korean) President Lee Jae Myung made it clear to President Trump that he will not be sitting in the driver's seat. He asked President Trump to become a peacemaker, and he relegated himself to become a pacemaker. We don't mind. On the contrary, we want President Trump to exercise his leadership to pull North Korea to dialogue table.” — South Korean Foreign Minister Cho Hyun, in an interview with the Associated Press.

IRELAND “I call on those who have provided — and who continue to provide — Israel with the means necessary to prosecute its war (in Gaza) to reflect carefully on the implications of their actions and the consequences for the Palestinian people.” — Irish Prime Minister Micheal Martin in his General Assembly speech.

ISRAEL “Thankfully, President Trump's administration is forcefully fighting the scourge of antisemitism, and every government here should follow its lead.” — Israeli Prime Minister Benjamin Netanyahu in his General Assembly speech.

PALESTINIANS “We are ready to work with US President Donald Trump and with the Kingdom of Saudi Arabia and France and the United Nations to implement (a proposal for settling the Israeli-Palestinian conflict).” — Palestinian leader Mahmoud Abbas in his video speech to the General Assembly.

BRAZIL “I think that indeed there was some chemistry there.... I'm going to treat him with the respect that he deserves as the president of the US, and he's going to treat me with the respect that the president of the Federal Republic of Brazil deserves.” — Brazilian President Luiz Inacio Lula da Silva at a press conference at UN headquarters after he and Trump crossed paths in the General Assembly hall. (AP) MPL MPL

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