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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.
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.

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Corp. Laws, SEBI & IBC

IICA organises National Conference & Exhibition on Leveraging CSR Excellence for Tribal Development in New Delhi

October 7, 2025

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The Initiative marks 2nd Annual CSR Day; aims to promote CSR excellence through innovation, inclusion and sustainable partnerships for holistic tribal development across India

DG & CEO, IICA, Shri Gyaneshwar Kumar Singh notes a notable rise in CSR spending by Indian companies, surpassing the 2% threshold, reflecting a deeper commitment to social welfare

CSR efforts should reach every part of society, fostering inclusivity and equitable development: Shri Chanchal Kumar, Secretary, MDoNER

The National Conference & Exhibition on Leveraging CSR Excellence for Tribal Development, a two-day event was inaugurated on 6th October 2025 at New Delhi. The Conference was organised by the Indian Institute of Corporate Affairs (IICA), an autonomous institution under the Ministry of Corporate Affairs, Government of India.

The event was organised to mark the 2nd Annual CSR Day in India, commemorating the Birth Anniversary of Mahatma Gandhi, and to promote the Gandhian philosophy of trusteeship in CSR initiatives with a focus on advancing CSR excellence for tribal development.

The inaugural ceremony was graced by Shri Durgadas Uikey, Union Minister of State, Ministry of Tribal Affairs, and Shri Harsh Malhotra, Union Minister of State, Ministry of Corporate Affairs who visited the Exhibition and took a detailed tour of the vibrant stalls showcasing CSR best practices, along with a special delegation of tribal artisans marketing their merchandises from Pan-India, supported by TRIFED.  Shri Chanchal Kumar, Secretary, Ministry of Development of North Eastern Region; Shri M. Raja Murugan, Managing Director, TRIFED; Shri Gyaneshwar Kumar Singh, Director General & CEO, IICA; Shri Shombi Sharp, UN Resident Coordinator in India; and Prof. Garima Dadhich, Head, School of Business Environment, IICA inaugurated the conference.

Shri Chanchal Kumar, Secretary of MDoNER, delivered an insightful keynote address emphasizing the importance of diversity and inclusion in CSR initiatives. He urged corporations to focus on small, impactful projects that provide tangible benefits to all sections of society. He highlighted the need for qualitative resource expenditure rather than large-scale investments, aiming for measurable outcomes by 2047. Shri Kumar stressed that CSR efforts should reach every part of society, fostering inclusivity and equitable development. He also pointed out the North East Region’s readiness to attract greater investment, with enhanced infrastructure and improved project implementation capabilities. This, he noted, would contribute to the region’s development and serve as a model for balanced growth. Shri Kumar underscored the role of Artificial Intelligence (AI) in improving efficiency, creating job opportunities, and addressing social inequalities, particularly in tribal and rural areas. AI can play a pivotal role in sectors like healthcare, education, and agriculture, transforming the lives of underserved communities. Focusing on education and skills, Shri Kumar emphasized their critical role in reducing inequality. He called for CSR initiatives to prioritize these areas, as they empower individuals, provide economic opportunities, and create a more skilled workforce for sustainable national development.

In his welcome address, Shri Gyaneshwar Kumar Singh, DG & CEO of IICA, highlighted the growth and transformation of India’s CSR landscape, emphasizing its shift towards community-driven, impact-oriented initiatives. He noted a notable rise in CSR spending by Indian companies, surpassing the 2% threshold, which reflects a deeper commitment to social welfare. He urged CSR programs to evolve beyond just financial contributions, advocating for stronger support in the form of technology, management, and knowledge sharing to empower local communities, particularly in tribal areas. As India’s social sector continues to make tangible impacts through CSR, he stressed the importance of aligning CSR efforts with the United Nations' 2030 Agenda for Sustainable Development. CSR, he noted, has shifted from being demand-driven to supply-driven, with companies now investing more than the required 2%. He emphasized the urgent need for capacity building within implementing agencies, underscoring IICA’s role in supporting these partners to drive sustainable development effectively.

In his special addressShri M. Raja Murugan emphasized the role of value addition and entrepreneurship in tribal economies, stressing the need for skill development, branding, and digital market access to empower tribal artisans. Shri Shombi Sharp lauded India’s CSR framework, which he described as a global model of corporate accountability and social innovation, noting that India is now a leader in aligning private sector creativity with the Sustainable Development Goals (SDGs).

The session concluded with a Vote of Thanks by Dr Garima Dadhich, Head, School of Business Environment, IICA, who expressed gratitude to the distinguished speakers and attendees for their valuable contributions. She reaffirmed IICA’s commitment to strengthening CSR governance, capacity building, and cross-sectoral partnerships that drive sustainable and inclusive development, empowering India’s tribal communities through knowledge, innovation, and collaboration.

The day featured three high-impact panel sessions that explored diverse dimensions of CSR’s role in advancing tribal livelihoods, health, and entrepreneurship.

The first High-Level Panel, Leadership Dialogue: Leveraging CSR Excellence for Tribal Development, brought together eminent corporate leaders and development thinkers including Mr. Pradeep Fellow, Executive Director, REC Limited, Mr. Anil Kumar Jadli, Director, NTPC Limited; Mr. Pravir Krishna, Former Managing Director, TRIFED, Mr. Bibhuti Ranjan Pradhan, Executive Director, Indian Oil Corporation Limited, Ms. Ruchi Sadhana, Vice President –Corporate Audit, HCLTech, Mr. Mathew Cherian, Chief Executive Officer, HelpAge India; and Prof. Garima Dadhich, Head, School of Business Environment, Indian Institute of Corporate Affairs (IICA).

The second High-Level Panel, CSR for Sustainable Livelihoods & Tribal Entrepreneurship: Glocal Case Studies, convened thought leaders from government and industry, including Mr. Santanu Mitra, Senior Economic Adviser, Ministry of Corporate Affairs, Government of India; Dr. Raji N.S., Deputy Secretary, Ministry of Tribal Affairs, Government of India; Dr. Bhaskar Chatterjee, Former Director General & CEO, Indian Institute of Corporate Affairs; Mr. Gaurav Majumdar, Lead – Skill Development & Livelihood, HCL Foundation; Mr. Binu Nair, Chief – Program and Operations, Bharti Airtel Foundation; Mr. Ujas Dave, General Manager, Tata Chemicals, and Mr. Stanley Joseph, Lead – Programmes, Dialectics.

The third  High-Level Panel, CSR for Health & Nutrition in Tribal Areas, featured a cross-section of experts and practitioners, including Mr. Lucas L. Kamsuan, Joint Secretary (Administration & Coordination), Department of Public Enterprises, Government of India; Ms. Ashwini Deodeshmukh, CSR Head, Godrej & Boyce, Dr. Vivek Virendra Singh, Health Specialist, Health Section, UNICEF India, Mr. Keshav Kanoria, Partner, The Bridgespan Group, Ms. Gayatri Subramaniam, Director, Association for Women in Business, and Director, International Centre for Socially Responsible Businesses, and Mr. Praveen Karn, Group Head – Sustainability & CSR, Spark Minda Group.

The event witnessed the participation of over 300 delegates from government, academia, industry, and civil society, reaffirming India’s collective resolve toward sustainable and inclusive development. The accompanying exhibition showcased exemplary CSR initiatives by leading corporations, PSUs, and foundations, highlighting projects that promote tribal entrepreneurship, education, healthcare, and environmental conservation.

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