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August 31, 2026
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Personal insolvency repayment plans: conflicting views on binding dissenting creditors prompted reconsideration through an expanded adjudicatory bench.
National Company Law Tribunal constituted a five-member bench after conflicting views on a personal insolvency repayment plan left no majority position for a formal order. The central issue is whether creditor approval of the plan binds dissenting creditors and extinguishes their claims against the personal guarantor. One view preserved dissenting creditors' independent recovery rights, while another applied the creditor-approved plan uniformly to all creditors. Disagreement also concerns the Adjudicating Authority's power to examine the resolution professional's report of the creditors' meeting.
August 31, 2026
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Personal insolvency repayment plans raise unresolved questions on dissenting creditors' rights and uniform extinguishment of claims.
Personal insolvency proceedings were referred for fresh adjudication because no majority emerged on the repayment plan. The Technical Member rejected the plan; the Judicial Member confined it to consenting creditors while preserving dissentents' recovery rights; and the Third Member approved it with uniform extinguishment of all creditors' claims. The dispute concerns whether creditor approval under section 115(1) binds dissenting creditors, the effect of section 79(2)(g), and the Adjudicating Authority's power to examine the Resolution Professional's creditors' meeting report.
August 31, 2026
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Rupee exchange-rate support through suspected intervention and FCNR(B) inflows offset pressure from dollar strength and higher crude prices.
Rupee exchange-rate movement reflected a recovery from early losses to close stronger against the US dollar, amid market expectations of Reserve Bank of India support at lower trading levels. Pressure arose from higher US Treasury yields, possible US rate-hike expectations and a broad dollar rally. Suspected intervention, FCNR(B)-related foreign-currency flows and the special USD-INR forex swap facility supported sentiment, while rising crude prices, geopolitical supply risks and foreign institutional equity outflows remained adverse factors.
August 31, 2026
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Income-tax return filing for non-audit business and professional taxpayers closes at midnight, requiring use of applicable forms.
Income-tax return filing for Assessment Year 2026-27 reaches its due date on 31 August 2026 for taxpayers having business or professional income who are not subject to audit. Such taxpayers may file the applicable ITR-3, ITR-4, ITR-5 or ITR-7. ITR-3 applies to individuals and Hindu Undivided Families with proprietary business or professional income, ITR-4 to small and medium taxpayers, and ITR-5 to firms, limited liability partnerships and cooperative societies.
August 31, 2026
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Monthly fiscal accounts track receipt composition, expenditure allocation, tax devolution, interest payments, and major subsidy outgo through July.
Union Government monthly accounts through July 2026 record total receipts comprising net tax revenue, non-tax revenue and non-debt capital receipts, with tax devolution transferred to State Governments. Total expenditure is divided between revenue and capital expenditure. Revenue expenditure includes interest payments and major subsidies.
August 31, 2026
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Personal guarantor insolvency distinguishes guarantee liability from borrower debt while creditor voting challenges question repayment-plan approval.
Personal insolvency proceedings concerning personal guarantees distinguish a guarantor's liability from the underlying borrowing entities' debts. Claims against the guarantor arise from guarantees furnished for loans obtained by Essel Group-associated entities, while the borrowers' repayment obligations remain enforceable and creditors may pursue corporate assets and securities. Dissenting lenders have challenged the resolution-plan voting process, alleging that family-linked associates or related parties should have been excluded from committee of creditors voting.
August 31, 2026
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National accounts revisions align GDP and sectoral estimates with updated price, production and banking service indicators.
National Accounts Statistics-2026 incorporates updated Producer Price Index, Index of Industrial Production and Banking Services Price Index series with base year 2022-23 into annual and quarterly GDP estimates. The revised indicators expand coverage, update weights and improve price mapping for national-account activities. GDP and gross value added estimates from 2022-23 onwards are revised at current and constant prices, with sector-specific effects in mining and quarrying, manufacturing, trade services, general government and departmental enterprises. Supply and Use Tables for 2022-23 and 2023-24 are also updated.
August 31, 2026
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Trade facilitation and pharmaceutical market access advance through regulatory cooperation, preferential trade modernisation, and reciprocal agricultural access.
India and Brazil are advancing bilateral trade, investment and economic cooperation through a diversified partnership focused on pharmaceuticals, chemicals, engineering goods and machinery. India-MERCOSUR engagement is being pursued through early finalisation of Terms of Reference for expansion and modernisation of the Preferential Trade Agreement. Pharmaceutical market access is supported by regulatory cooperation under the CDSCO-ANVISA MoU. Agricultural trade facilitation includes phytosanitary processes, reciprocal market access work and mutual recognition of Electronic Certificates of Origin, alongside multilateral coordination through BRICS, the G20 and the WTO.
August 31, 2026
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Cross-border UPI merchant acceptance enables Indian travellers to make UZQR payments at merchants throughout Uzbekistan.
Cross-border UPI merchant acceptance in Uzbekistan allows Indian travellers to make instant person-to-merchant payments through UPI-enabled applications by scanning the interoperable UZQR code. Integration with the Unified National QR infrastructure extends acceptance across retail, hospitality and service merchants. Regulatory approvals support HUMO's role as NIPL's authorised partner for cross-border merchant acceptance, reducing reliance on international cards and cash.
August 31, 2026
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Mobile-first aviation education supports accessible, self-paced certification-led learning and career awareness across aviation roles and geographic locations.
Flymore Aviation LLP operates a mobile-first aviation learning platform intended to make specialised aviation education more accessible and affordable for aspiring pilots, cabin crew and other aviation-sector professionals. The app provides structured, self-paced aviation courses aimed at building industry knowledge, supporting certification-led skill development, improving career awareness and assisting employment readiness across aviation functions. Course delivery through a digital platform is positioned as an alternative to location-dependent and high-cost classroom training.
August 31, 2026
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Indigenous defence technology and exports anchor the annual performance review of public sector defence enterprises.
Annual performance review of 16 Defence Public Sector Undertakings is scheduled with emphasis on indigenous technology, innovation, self-reliance and enhancement of defence exports. Chairpersons and managing directors of seven specified undertakings will present dividends attributable to the Government's equity shareholding. Publications cover self-reliance, student awareness of defence technologies, and modernisation and indigenisation roadmaps. Reported performance includes growth in turnover, profit after tax and defence exports.
August 31, 2026
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Employee provident fund and gratuity dues remain protected outside the liquidation estate despite competing financial creditor claims in insolvency proceedings.
Employee provident fund and gratuity dues of former Jet Airways workmen and employees were required to be paid in full by the liquidator. The NCLAT position upheld treats statutory employee dues relating to provident fund, gratuity and pension funds as outside the liquidation estate, protecting them from competing creditor claims. Financial creditors had argued that such dues should be distributed through the liquidation estate unless dedicated funds existed at the commencement of liquidation. The underlying questions of law remain open for an appropriate case.
August 31, 2026
Show AI Summary
Rupee exchange-rate support amid dollar strength and oil risks as foreign-currency deposit flows bolster market sentiment.
Foreign-exchange market conditions saw the rupee recover from early losses amid possible Reserve Bank of India intervention to contain significant depreciation. Higher US Treasury yields, a broader dollar rally, rising crude oil prices and geopolitical supply risks pressured the currency. The special USD-INR forex swap facility for FCNR(B) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings mobilised foreign-exchange inflows supported by non-resident Indian participation, strengthening market sentiment.
August 31, 2026
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Financial confidence gaps persist when opaque financial journeys, dark patterns and unclear communication deter informed consumer participation.
Financial-service digitisation may expand access without ensuring consumer confidence where customers cannot understand processes, assess risks or feel secure in financial decisions. Opaque claims, redemptions, eligibility criteria and approval stages can weaken trust and discourage insurance, investment and credit participation. Hidden charges, complex documentation, forced bundling and target-driven sales practices may further impair informed choice. Greater transparency, simplified communications, real-time process visibility and AI-assisted guidance are identified as measures to reduce cognitive friction and strengthen consumer control.
August 31, 2026
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NBFC licensing enables Hyundai Capital India to begin wholesale dealer financing while preparing retail finance and risk-management infrastructure.
Hyundai Capital India has commenced financial services operations after obtaining a non-banking financial company licence from the Reserve Bank of India. Initial operations concentrate on wholesale financing for local automotive dealers. Operations are intended to expand the dealer-financing network, sales infrastructure and risk-management systems across India, supporting a subsequent phased introduction of retail financing for individual customers.
August 31, 2026
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Personal insolvency resolution approval faces criticism over low creditor recovery and alleged family-linked voting influence in the resolution process.
Personal insolvency resolution approval concerning Subhash Chandra involved a repayment plan of Rs 6.5 crore against admitted creditor claims exceeding Rs 22,000 crore. Objections were raised regarding the voting influence exercised by entities linked to the debtor's family in relation to the resolution process. Pinarayi Vijayan criticised the approval, alleging preferential treatment of powerful corporate interests.
August 31, 2026
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Foreign exchange market intervention seeks to limit rupee depreciation amid oil-price pressure, dollar strength, and capital outflows.
Foreign exchange market conditions put the rupee under depreciation pressure amid higher crude oil prices, geopolitical risks, stronger US dollar conditions, expectations of tighter US monetary policy and foreign equity outflows. RBI market intervention was reported to contain significant depreciation. Improved foreign-currency non-resident bank deposit flows and higher foreign exchange reserves supported investor sentiment and the external liquidity position.
August 31, 2026
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Psychotropic medicine diversion faces NDPS enforcement where controlled tablets allegedly travel without statutory documentation and traceability details.
Enforcement action under the Narcotic Drugs and Psychotropic Substances Act, 1985 addressed alleged inter-State diversion of psychotropic medicines transported without statutory documentation. A truck carrying Alprazolam, Tramadol, Nitrazepam and Clonazepam tablets was intercepted; the medicines and vehicle were seized and one suspect was arrested. Preliminary examination indicated erasure of identifying batch and date details and transport of region-restricted medicines without invoices, bilty or e-way bills. Investigation concerns the manufacturing, supply and distribution network involved.
August 31, 2026
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Synthetic-drug trafficking enforcement targets rail-borne amphetamine and MDMA consignments through baggage interceptions, seizures, follow-up delivery operations, and arrests.
Synthetic-drug trafficking enforcement involved two intelligence-led railway-station operations targeting amphetamine and MDMA transportation and receipt. Baggage intercepted at Bengaluru contained a crystalline substance preliminarily indicating amphetamine, while a separate Pune interception recovered substances purported to be amphetamine and MDMA tablets. The contraband and related packing material were seized under the Narcotic Drugs and Psychotropic Substances Act, 1985. Follow-up delivery action identified alleged receivers, and the carriers and alleged receivers were arrested under that statutory framework.
August 31, 2026
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India-Chile CEPA negotiations seek a balanced framework to expand trade, investment, technology cooperation and resilient supply chains.
India-Chile CEPA negotiations are being advanced toward conclusion by the end of the year through a balanced and commercially meaningful framework. The proposed partnership is intended to strengthen bilateral economic ties, expand trade and investment, and create equitable opportunities for businesses and people in both countries. Cooperation is envisaged in technology, talent and resilient supply chains, alongside enhanced engagement in healthcare, pharmaceuticals, energy, minerals, agriculture, machinery and engineering.

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Union Minister of Commerce and Industry Shri Piyush Goyal Highlights Transformative Impact of PM GatiShakti on India’s Infrastructure and Development Vision

October 13, 2025

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Shri Goyal Announced Public Access to PM GatiShakti Databases via Unified Geospatial Interface for Enhanced Planning and Decision-Making

Shri Goyal Opens PM GatiShakti National Master Plan Platform (PMGS-NMP) to Private Sector via Query-Based Analytics Mechanism

Shri Goyal Releases PM GatiShakti Compendium Volume-3 Highlighting Best Practices and Successful Use Cases

Shri Piyush Goyal Launches NMP Dashboard, Offshore Development Planning Platform, Real-Time Data Management System, District Master Plans for Aspirational Districts, and LEAPS 2025 for Logistics Excellence.

Union Minister of Commerce and Industry, Shri Piyush Goyal, during the commemoration of four years of the PM GatiShakti National Master Plan (NMP) in New Delhi today, highlighted the transformative impact of this path-breaking initiative launched four years ago on this very day.

Union Minister noted that PM GatiShakti brings both speed and strength, and that it is not an ordinary programme. PM GatiShakti has a very deep meaning, emerging from Prime Minister Narendra Modi’s vision and nearly two decades of serious reflection on how infrastructure projects can be better planned and implemented to serve the people of India. During his years as the head of government, the Prime Minister has been known for bringing innovative thinking into governance and has had a clear vision of making India a prosperous and developed nation, added the Minister. Shri Goyal emphasized that collectively, all stakeholders are committed to making India a developed country by 2047, with PM GatiShakti playing a critical role in that journey.

Shri Piyush Goyal launched and unveiled several key initiatives during the commemorative event to further strengthen India’s infrastructure planning and development ecosystem. He opened the PM GatiShakti National Master Plan (NMP) platform to the private sector through a Query-Based Analytics Mechanism developed by Bhaskaracharya National Institute for Space Applications and Geo-informatics (BISAG-N), enabling wider access to geospatial data and advanced analytics. He released the PM GatiShakti Compendium Volume-3, which highlights successful use cases and best practices, and launched the PMGS NMP Dashboard, a comprehensive multi-sector reporting system for monitoring progress and deriving actionable insights. Shri Goyal also introduced the Knowledge Management System (KMS) to promote cross-learning and knowledge sharing among Ministries, Departments, and States/UTs, and unveiled PM GatiShakti – Offshore, a dedicated digital platform for integrated planning and management of offshore development across multiple sectors. In addition, he launched the Data Uploading & Management System (DUMS) to enhance decentralized, real-time data ownership and accountability, rolled out the PMGS District Master Plan (DMP) for Aspirational Districts to strengthen data-driven local infrastructure development and holistic regional growth, and introduced the Logistics Excellence, Advancement and Performance Shield (LEAPS) 2025 to recognize outstanding leadership and innovation across logistics sectors.

Shri Piyush Goyal highlighted that when PM GatiShakti was launched, the Hon’ble Prime Minister had emphasized that with the resolve of Atmanirbhar Bharat, the foundation for the next 25 years of development was being laid. He stated that PM GatiShakti has emerged as a vital bridge between macro-level planning and micro-level implementation, serving as an effective tool that transcends sectors and institutions. He added that the initiative carries game-changing implications for national development, as it is no longer limited to planning road alignments or railway routes, but now facilitates far deeper integration in national planning and execution.

Shri Goyal further informed that the launch of the PM GatiShakti District Master Plan for 112 Aspirational Districts, now mapped within a single integrated database, will help address the holistic developmental needs of these regions. He said the initiative is designed to ensure that growth reaches the last person at the bottom of the pyramid, thereby promoting inclusive and sustainable development. The District Master Plan supports area-based planning across key sectors including health care, education, logistics, industrial development, environmental management, safety and security, mineral resource utilization, and renewable energy generation. He noted that PM GatiShakti marks a paradigm shift from piecemeal approaches to an integrated model of comprehensive area planning.

Shri Goyal highlighted that logistics costs have drastically reduced, particularly with improvements in last-mile connectivity. Previously, transportation of coal from mines to power plants involved multiple loading and unloading steps, leading to inefficiency, increased costs, and material losses. Streamlining last-mile connectivity at mines and power plants has dramatically lowered the cost of electricity and improved overall logistics efficiency. Across the country, ministries, states, and town planners benefit from PM GatiShakti, which has expanded into multiple areas over the past four years.

The Compendium (Volume-3) of Best Practices and Successful Use Cases was released today by the Union Minister. This compendium demonstrates the diverse initiatives and tangible impacts of PM GatiShakti on citizens’ lives.

The Minister highlighted that in the last budget, it was announced that the public would be granted access to the databases of PM GatiShakti. The Union Minister was pleased to note that Bhaskaracharya National Institute for Space Applications and Geo-informatics (BISAG-N) and the department have prepared themselves so that the public can start using the databases of PM GatiShakti through the Unified Geospatial Interface, enabling easier access and utilization of the data for planning and decision-making purposes, added the Minister.

The Union Minister highlighted that a comprehensive multi-sector reporting system has been launched to track how PM GatiShakti is impacting the development of various regions through the area-based planning approach now being adopted. The decentralized data sharing module ensures that information is accessible and emphasizes the importance of maintaining up-to-date databases. A proper dashboard will support planning and data dissemination to the public, enhancing transparency and facilitating evidence-based decision-making.

The Minister stated that a key focus of the initiative is to reach aspirational districts, ensuring that area-specific planning addresses local needs while lifting these regions out of infrastructure deficits. This effort represents a collective commitment from both state governments and the central government to foster inclusive development and equitable access to resources, added the Minister

Shri Goyal said that the launch of LEAPS, the Logistics Excellence, Advancement and Performance Shield, marks another milestone, recognizing the efforts of stakeholders in improving efficiency and effectiveness in logistics nationwide. The achievements of the past four years are remarkable, and there is a clear vision for PM GatiShakti to evolve into a larger initiative that transcends ministries, departments, states, and Union Territories, added the Union Minister.

The Minister highlighted that with expansions into ocean resource mapping, wind energy planning, offshore and underground cable routes, telecom and data networks, and even future undersea electricity transmission, the scope, scale, and impact of PM GatiShakti are undergoing a significant transformation. Shri Goyal added that the government is working to elevate this initiative beyond physical and social infrastructure to a platform that connects citizens, industries, and planners. In doing so, PM GatiShakti is becoming a central tool for national and human development, driving India toward greater heights and realizing the vision of a Viksit Bharat 2047, added Shri Goyal.

The Union Minister emphasized that PM GatiShakti is now evolving beyond physical infrastructure to social infrastructure, human development, industry engagement, and digital integration. The initiative has become a centerpiece of national development, promoting integrated, inclusive, and data-driven growth. It is now being applied to offshore resource mapping and exploration, including planning for wind energy, offshore and underground cables, optic cables for telecom and data, and future undersea electricity transmission. The scale, scope, and reach of PM GatiShakti are undergoing a massive transformation, with the government actively working to elevate it to the next level. This expansion aims to integrate physical and social infrastructure, increase citizen and industry engagement, and position PM GatiShakti as a strategic tool for human development and national progress, ultimately contributing to the vision of Viksit Bharat 2047, added the Minister.

Shri Piyush Goyal also emphasized that the initiative has brought about a paradigm shift in the way India plans and executes major infrastructure projects. By integrating data from multiple Ministries and States, the initiative has created an evidence-based decision-making tool. The Minister highlighted that the new initiatives launched, including the opening of the NMP platform to the private sector, the launch of the Knowledge Management System, and the unveiling of PM GatiShakti–Offshore, will further enhance data-driven planning, foster cross-sectoral collaboration, and accelerate integrated, sustainable development across the nation.

The event witnessed the participation of over 200 officials from Central Ministries, Departments, States/UTs, and industry associations. Union Minister of State for Commerce and Industry Shri Jitin Prasada and Minister of Public Works of Madhya Pradesh Shri Rakesh Singh also highlighted the evolution of PM GatiShakti at the event.

Key Achievements over the past four years:

  • The Network Planning Group (NPG) has evaluated over 300 major infrastructure projects using PM GatiShakti principles, including integrated planning, last-mile connectivity, intermodal linkages, enhanced logistics efficiency, and synchronized project implementation.
  • All 36 States/UTs have developed State Master Plan (SMP) portals aligned with the National Master Plan, helping streamline capital investment and accelerate project execution. Over 600 projects have been planned and mapped on the PM GatiShakti portal.
  • The initiative has expanded to Social and Economic Ministries, focusing on leveraging PM GatiShakti for socio-economic development. By identifying infrastructure gaps in schools, hospitals, and anganwadis, and developing planning tools to capture relevant data, the platform has enabled more effective planning in primary healthcare, education, postal services, and tribal development, ensuring that even remote and underserved areas benefit from India’s infrastructure growth.
  • Building on the National Master Plan, the PM GatiShakti District Master Plan (DMP) portal, developed with technical support from BISAG-N, facilitates collaborative district-level planning for 28 Aspirational Districts. By emphasizing cross-sectoral cooperation and leveraging emerging technologies such as AI and IoT, the portal enables integrated socio-economic planning. District-level workshops have trained stakeholders to use the platform for comprehensive development, including tourism planning in Bichom, West Kameng, and economic development planning in Kalinganagar, Odisha.
  • To build capacity and expertise, DPIIT has undertaken extensive training through iGOT courses, workshops, and interactive sessions, reaching over 20,000 officials. PM GatiShakti modules have been integrated into Central Training Institutes’ curricula, with around 250 interactive sessions conducted across Ministries, Departments, and States/UTs.
  • Reinforcing its commitment to capacity building, DPIIT has signed Memoranda of Understanding (MoUs) with GatiShakti Vishwavidyalaya and the Korea Transport Institute (KOTI) to foster skill development, cross-learning, and technical assistance in infrastructure and logistics planning.
  • International collaborations are underway with countries including Nepal, Bangladesh, Sri Lanka, Madagascar, Senegal, and Gambia, to promote the adoption of PM GatiShakti and geospatial technology in integrated infrastructure planning.
  • On this day last year, the PM GatiShakti Anubhuti Kendra (Experiential Centre) was inaugurated by the Hon’ble Prime Minister at ITPO, New Delhi. Featuring holographic displays, AR-VR experiences, and interactive simulations, the center has served as a hub for global visibility and public engagement with PM GatiShakti, welcoming international delegations, diplomats, government officials, students, and the general public.

Over the past four years, PM GatiShakti has transformed India’s infrastructure planning in India through innovative digital tools, integrated platforms, and multi-sectoral collaboration. With continued expansion and inclusion of new stakeholders, the initiative is set to accelerate India’s infrastructure vision, drive economic progress, and improve the quality of life for citizens. PM GatiShakti is not just building projects—it is shaping the future of India.

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