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September 1, 2026
Rupee gains 27 paise to close at 94.95 against US dollar
Show AI Summary
Foreign exchange market dynamics: rupee appreciation reflected portfolio inflows, domestic growth, and possible central-bank intervention amid external pressures.
The rupee appreciated against the US dollar, supported by domestic growth, controlled fiscal slippage, portfolio-related inflows and possible Reserve Bank of India intervention. Its gains were limited by weak equity markets, rising crude oil prices and a stronger dollar. External geopolitical tensions and hawkish US monetary signals remained potential pressures. Domestic indicators showed strong economic activity, while the current account deficit widened because of a higher merchandise trade deficit. Foreign portfolio inflows continued despite investors remaining net sellers during the year.
September 1, 2026
India's CAD widens to USD 4.2 bn in Q1 amid West Asia conflict: RBI data
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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
Andhra commercial tax collections rise by 11 per cent in August to Rs 4,983 cr
Show AI Summary
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
Govt hikes windfall gains tax on petrol, diesel exports; cuts levy on ATF
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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
DGFT Enables Automated Issuance of Free Sale and Commerce Certificates to Promote Ease of Doing Business
Show AI Summary
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
Bank unions to go on nationwide strike on Sep 11 over 5-day banking, other issues
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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
Stock markets close marginally lower amid higher oil prices, fresh US-Iran tensions
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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
Gross and Net GST revenue collections for the month of August, 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
A Quarter-Century of Trade. One Unbroken Connection.
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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
NCLT bars Subhash Chandra from alienating assets, stays Rs 6.5-cr repayment plan
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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
Rupee gains 28 paise to close at 94.94 against US dollar
Show AI Summary
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
ED raids in Chhattisgarh PSC 'scam' case; Baghel's ex-PA raided
Show AI Summary
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
NCLT bars Subhash Chandra from selling assets as lenders challenge Rs 6.5 cr settlement
Show AI Summary
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
HIGHLIGHTS
Show AI Summary
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
Loan waiver scheme: Special Aadhaar verification process for farmers in Latur
Show AI Summary
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
Gross GST mop-up grows 15 pc to Rs 2 lakh cr in Aug
Show AI Summary
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
NCLT issues notices in Subhash Chandra insolvency matter, directs not to dispose of property
Show AI Summary
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
Markets drift lower in early trade amid higher oil prices, fresh US-Iran tensions
Show AI Summary
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
ED raids in Chhattisgarh PSC 'scam' case; ex CM Baghel's PA raided
Show AI Summary
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
ITR filing for AY27 touches record 7.8 cr
Show AI Summary
Income-tax return filing: non-audit business and professional taxpayers use applicable forms by prescribed due dates.
August 31, 2026 was the due date for taxpayers having business or professional income who were not subject to audit. Such non-audit taxpayers may use ITR-3, ITR-4, ITR-5 or ITR-7, as applicable. ITR-3 applies to individuals and Hindu Undivided Families with proprietary business or professional income, while ITR-4 is intended for small and medium taxpayers. ITR-5 applies to firms, limited liability partnerships and cooperative societies, and ITR-7 applies to trusts and charitable institutions.

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HIGHLIGHTS

November 7, 2025

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New Delhi, Nov 7 (PTI) Following are the top stories at 9.15 pm: NATION DEL73 MEA-PAK-LD NUCLEAR (7.39 PM)

Clandestine nuclear activities are in keeping with Pak's history: India New Delhi: India on Friday noted US President Donald Trump's comments about Pakistan testing nuclear weapons and said Islamabad's "clandestine" nuclear activities were centred around decades of smuggling, export control violations and secret partnerships.

DEL72 PM-4THLD VANDE MATARAM (7.23 PM)

Key stanzas of 'Vande Mataram' dropped in 1937, divisive mindset still challenge for country: PM New Delhi: In an apparent attack at the Congress, Prime Minister Narendra Modi on Friday said important stanzas of the national song "Vande Mataram" were dropped in 1937 which sowed the seeds of partition and asserted that such a "divisive mindset" is still a challenge for the country.

DEL74 AVI-DELHI AIRPORT-3RDLD ATC GLITCH (7.59 PM)

Delhi airport's air traffic control faces tech issues; over 800 flights face delays New Delhi: Delhi airport, the country's busiest airport, plunged into chaos on Friday as more than 800 domestic as well as international flights were delayed due to technical problems with the air traffic control system, sources said.

DEL71 LD VANDE MATARAM (7.19 PM)

Year-long 'Vande Mataram' celebrations kick off, BJP-Cong spar New Delhi: The year-long commemoration of "Vande Mataram" kickstarted on Friday with various leaders emphasising how this 'maha mantra' of nation building continues to symbolise the emotional consciousness and unity of the country's people even as the BJP and the Congress accused each other of belittling the national song.

DEL80 HASINA-BANGLADESH (8.58 PM)

Yunus not in control, Islamists linked to terror groups spreading hardline ideology: Hasina on Bangladesh situation New Delhi: Bangladesh's interim government chief Muhammad Yunus is not in control of the administration and Islamist factions linked to terrorist groups are allowed to spread a hardline ideology, former prime minister Sheikh Hasina has said.

DEL79 UP-PM-LD VARANASI (8.44 PM)

Modi lands in Varanasi for Vande Bharat trains' inauguration Varanasi: Prime Minister Narendra Modi landed in Varanasi on Friday for a two-day visit, during which he will inaugurate four new Vande Bharat Express trains.

DEL77 EC-BH-REPOLL (8.27 PM)

Phase 1 of Bihar assembly election: No repoll recommended, says EC New Delhi: The Election Commission on Friday said no repoll has been recommended for the over 45,000 polling stations in 121 seats that went to polls in the first phase of the Bihar Assembly election on November 6.

DEL70 DEF-HAL-JET ENGINES

HAL seals mega deal with GE Aerospace for procurement of 97 jet engines New Delhi: The Hindustan Aeronautics Ltd (HAL) on Friday sealed a major deal with GE Aerospace to procure 113 jet engines for its Tejas light combat aircraft programme.

DEL64 BJP-CONG-VANDE MATARAM (6.47 PM)

Congress adopted truncated Vande Mataram in 1937 out of communal agenda: BJP New Delhi: The BJP on Friday slammed the Congress over the adoption of a truncated version of Vande Mataram in 1937 under the presidentship of Jawaharlal Nehru.

BOM34 MH-LD LAND DEAL (8.40PM)

Land deal scrapped, Parth didn't know it was govt property, says Ajit Pawar Mumbai/Pune: Mounting a damage control exercise, Maharashtra deputy Chief Minister Ajit Pawar on Friday claimed that his son Parth was not aware that the land purchased by his firm in Pune belonged to the government, and informed that the Rs 300 crore deal has now been cancelled, even as Congress leader Rahul Gandhi termed the transaction a `theft of land reserved for Dalits'.

CAL88 BH-POLLS-RAVI KISHAN-TEJ PRATAP (7.22 PM)

Tej Pratap's airport meet with BJP's Ravi Kishan sparks speculations Patna: Janshakti Janata Dal founder Tej Pratap Yadav and BJP MP Ravi Kishan were seen together at the Patna airport on Friday, raising eyebrows amid the assembly elections.

CAL81 BH-POLLS-3RD LD MODI (5.49 PM)

Record turnout shows Bihar's trust in Modi-Nitish track record; Cong finding excuses for defeat: PM Aurangabad/Bhabhua (Bihar): Prime Minister Narendra Modi on Friday asserted that the record turnout in the first phase of Bihar assembly polls was proof that people have reposed their trust in the "track record of Narendra and Nitish".

MDS28 KL-METRO-CM (8.58 PM)

Kerala CM approves phase-I alignment of Thiruvananthapuram Metro Rail project Thiruvananthapuram: Kerala Chief Minister Pinarayi Vijayan has approved the first phase alignment of the Thiruvananthapuram Metro Rail project, the government said on Friday.

MDS25 TN-SIR-CM (7.55 PM)

'SIR must be monitored, vote theft must not be allowed in Tamil Nadu,' says TN CM Chennai: Chief Minister M K Stalin on Friday said the SIR exercise must be monitored and a situation of "vote theft" must not be allowed in Tamil Nadu and that "prevention" must be the duty.

LEGAL LGD53 SC-STRAY DOGS-HIGHWAYS (8.50 PM)

SC directs authorities to ensure removal of stray animals from highways, expressways New Delhi: The Supreme Court on Friday directed removal of all cattle and other stray animals from highways and expressways, stating that their uncontrolled presence poses a serious and avoidable threat, particularly at night and in high-speed zones.

LGD49 UP-COURT-SOMNATH BHARTI (8.25 PM)

Ex-Delhi law minister Somnath Bharti declared 'absconder' by court in 2021 case Rae Bareli (UP): An MP-MLA Court in Rae Bareli has declared former Delhi Law and Justice Minister Somnath Bharti an absconder for failing to appear before it in connection with a 2021 case.

LGD46 SC-RAPE VICTIM-COMPENSATION (7.59 PM)

SC directs trial courts to pass directions for compensating rape victims in appropriate cases New Delhi: The Supreme Court has directed the sessions courts and POCSO courts to pass directions under the law for compensation to victims of rape and sexual assault in appropriate cases.

LGD43 SC-CRICKETER-MAINTENANCE (7.19 PM)

SC issues notice to cricketer Mohammad Shami on wife's plea for higher maintenance New Delhi: The Supreme Court issued a notice to cricketer Mohammad Shami on Friday on a plea filed by his estranged wife, seeking enhancement of the interim maintenance granted to her and their minor daughter.

BUSINESS DEL62 BIZ-FOREX (5.24 PM)

Forex reserves drop USD 5.62 bn to USD 689.73 bn Mumbai: India's forex reserves dropped USD 5.623 billion to USD 689.733 billion for the week ended October 31, the Reserve Bank of India said on Friday.

DEL61 BIZ-GOLD-PRICE (5.24 PM)

Gold falls Rs 100 to Rs 1,24,600/10g; silver trades flat in Delhi markets New Delhi: Gold prices fell Rs 100 to Rs 1,24,600 per 10 grams in the national capital on Friday due to fresh selling by jewellers and stockists, according to the All India Sarafa Association.

FOREIGN FGN67 US-TRUMP-2NDLD INDIA (8.49 PM)

US President Trump says he could travel to India next year New York/Washington: US President Donald Trump said he could travel to India next year, emphasising that Prime Minister Narendra Modi “wants” him to visit while calling him a “great man” and a “friend”. By Yoshita Singh

FGN63 PAK-DEFENCE-COMMANDER (7.20 PM)

Pakistan plans new position of 'Commander of Defence Forces' as part of defence reforms Islamabad: Pakistan plans to create a new position of the "Commander of Defence Forces" (CDF), as part of key defence reforms to ensure greater coordination and unified command among the three services, a media report said on Friday.

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