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    Gross GST mop-up grows 15 pc to Rs 2 lakh cr in Aug
    NCLT issues notices in Subhash Chandra insolvency matter, directs not to dispose of property
    Markets drift lower in early trade amid higher oil prices, fresh US-Iran tensions
    ED raids in Chhattisgarh PSC 'scam' case; ex CM Baghel's PA raided
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    NCLT fails to arrive majority decision on Subhash Chandra's Rs 6.5 cr repayment plan
    Rupee rises 21 paise to close at 95.22 against US dollar
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    Monthly Review of Accounts of Union Government of India upto the month of July 2026 (FY 2026-27)
    Subhash Chandra drops mention of Ambani allegations, shifts focus to settling Essel debt
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    Commerce Secretary Shri Rajesh Agrawal Co-Chairs India-Brazil 8th Trade Monitoring Mechanism Meeting
    NPCI International and Uzbekistan’s NIPC Partner to Enable UPI Payments Across Uzbekistan via UZQR
    Flymore Aviation Expands Access to Aviation Education Through Affordable Mobile Learning App
    Rajnath to review performances of 16 defence PSUs with focus on indigenous tech, innovation
    SC dismisses SBI's plea challenging NCLAT order on PF, gratuity dues to ex-Jet Airways staffers
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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.
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
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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
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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.

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November 19, 2025

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New Delhi. Nov 19 (PTI) Following are the top stories at 5 PM NATION CAL23 BH-NDA-NITISH (4.47 PM) Nitish Kumar elected as leader of NDA in Bihar Patna: JD(U) supremo Nitish Kumar was chosen leader of the NDA in Bihar during a meeting of newly elected MLAs of the alliance partners here on Wednesday, state minister Shrawon Kumar said.

DEL21 NIA-LD GANGSTER (2.49 PM)

Deported gangster Anmol Bishnoi lands in Delhi, arrested by NIA New Delhi: The National Investigation Agency (NIA) on Wednesday arrested the brother and close aide of dreaded gangster Lawrence Bishnoi, Anmol Bishnoi, upon his deportation from the US to India, officials said.

DEL31 EC-SIR-VOTERS LIST (4.53 PM)

SIR Phase II: Nearly 99 pc enumeration forms distributed to electors in 12 states, UTs New Delhi: More than 50.35 crore of the nearly 51 crore electors in nine states and three Union territories have received enumeration forms under the ongoing Special Intensive Revision (SIR) of the electoral rolls, the Election Commission said on Wednesday.

DEL29 LAUNDERING-AL FALAH-LD CASE (4.25 PM)

Al Falah Group chairperson had reasons to flee India; Rs 415 cr tainted funds identified: ED New Delhi: A Delhi court on Wednesday sent Al Falah group chairperson Jawad Ahmed Siddiqui to ED custody for 13 days even as the agency claimed that he had "incentives" to flee India as his close family members are settled in the Gulf.

DEL22 JK-LG-LADAKH (3.16 PM)

LG admits discontent in Ladakh over ‘imbalanced’ representation in talks with Centre Jammu: Ladakh Lieutenant Governor Kavinder Gupta on Wednesday acknowledged that some people are unhappy with what they see as "imbalanced" representation in the ongoing dialogue with the Centre, but expressed hope that all issues would be resolved through discussions.

DEL25 CONG-KHURSHID-INTERVIEW (3.44 PM)

Delhi blast: Cong's Salman Khurshid seeks PM's answer in Parliament on 'lapse' New Delhi, Nov 19 (PTI) In the wake of the Delhi blast, senior Congress leader Salman Khurshid on Wednesday said the incident has put a "very serious question mark" on the government's security policy and demanded that Prime Minister Narendra Modi should answer on the "lapse" in Parliament soon. By Asim Kamal

CAL20 WB-MAMATA-LD- BLO DEATH (4.19 PM)

Mamata blames ECI for Jalpaiguri BLO's death; BJP hits back, family cites rising workload Kolkata: West Bengal Chief Minister Mamata Banerjee on Wednesday tore into the Election Commission after a booth level officer in Jalpaiguri district was found hanging, alleging the "inhuman, unplanned" SIR workload is crushing field staff, even as the BLO's family flagged "unbearable pressure" and the BJP blamed state officials for the tragedy.

CAL17 BH-BJP-LD SAMRAT (2.35 PM)

Samrat Choudhary named BJP legislature party leader in Bihar Patna: Tarapur MLA Samrat Choudhary was on Wednesday named the leader of BJP legislature party in Bihar during a meeting of newly elected legislators, UP Deputy CM Keshav Prasad Maurya said.

MDS45 AP-SAI BABA-3RDLD-PM (4.34 PM)

Sathya Sai Baba's teachings showing light to lakhs in 140 countries, says PM Modi Puttaparthi (Andhra Pradesh): Prime Minister Narendra Modi on Wednesday paid rich tributes to late spiritual guru Sri Sathya Sai Baba, saying his teachings and service continue to guide lakhs of followers across the world.

LEGAL LGD22 SC-JUDICIAL OFFICERS-CAREER (4.32 PM)

SC refuses to grant quota for promotee judges in Higher Judicial Service New Delhi: The Supreme Court on Wednesday refused to grant quota for promotee judges in Higher Judicial Service (HJS), observing that there is no "common malady" of disproportionate representation which afflicts the country.

LGD21 SC-INDIABULLS (4.22 PM)

SC pulls up CBI, slams SEBI's 'double standards' over 'reluctance' to probe allegations against Indiabulls New Delhi: Questioning the CBI and SEBI's "reluctance" to probe allegations of "dubious transactions" against Indiabulls Housing Finance Limited (IHFL), now known as Sammaan Capital Limited, the Supreme Court on Wednesday ordered the agency director to hold a meeting with SEBI, SFIO and ED to look into the matter.

LGD19 SC-AIR POLLUTION (3.30 PM)

Air pollution: SC asks CAQM to consider directing NCR schools to postpone sports competitions New Delhi: The Supreme Court on Wednesday asked the Commission for Air Quality Management (CAQM) to consider directing schools in Delhi-NCR to postpone open air sports competitions planned in November and December to “safer months” keeping in mind air pollution levels.

BUSINESS DEL32 BIZ-RBI-UNAUTHORISED PLATFORMS (4.56 PM)

RBI updates 'alert list' of unauthorised forex trading platforms Mumbai: The Reserve Bank on Wednesday added 7 new names to its 'alert list' of unauthorised forex trading platforms, taking the total number to 95.

DEL27 BIZ-TRAI-BFSI (3.57 PM)

TRAI sets firm deadlines for BFSI entities to adopt '1600' series for service, transactional calls New Delhi: TRAI on Wednesday mandated clear deadlines for phase-wise adoption of dedicated '1600' numbering series to be used by regulated entities such as banks, NBFCs, mutual funds and others for making service and transactional calls, in a bid to curb impersonation-based financial frauds perpetrated through voice calls.

FOREIGN FGN41 BANGLA-JUDICIARY-SECURITY (3.35 PM)

Bangladesh’s HC orders committee to review of security measures for courts, judges Dhaka: Bangladesh High Court has ordered a review of security measures for courts and judges in view of sporadic, clandestine violence in the capital and elsewhere over the death penalty verdict against deposed prime minister Sheikh Hasina, a court official said Wednesday.

FGN35 BANGLA-POLITICS-NCP (1.41 PM)

Bangladesh EC registers NCP as political party, allots 'Shapla Koli' symbol New Delhi/Dhaka: The National Citizen Party (NCP), an offshoot of Students against Discrimination (SAD) that led last year's uprising which toppled Sheikh Hasina's government, has been officially registered as a political party in Bangladesh ahead of the February general election.

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