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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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Delhi Chief Minister Smt. Rekha Gupta and Minister of State for Finance Shri Pankaj Chaudhary participated and addressed mega camp of 'आपका पैसा, आपका अधिकार' ('Your Money, Your Right') campaign in New Delhi today

November 27, 2025

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Smt. Gupta appealed to the people of Delhi to visit these camps to check information about their bank accounts, fixed deposits, policies, shares, or mutual fund investments and to claim the unclaimed assets

Under leadership of Prime Minister Shri Narendra Modi, it has been emphasised that public awareness, public services, and public trust are the real strength of the nation: Uinon Minister of State for Finance

As a result of collective efforts, over ₹1,887 crore returned to citizens in just 2 months: DFS Secretary Shri M. Nagraju

Delhi Chief Minister Smt. Rekha Gupta and Union Minister of State for Finance Shri Pankaj Chaudhary addressed the mega camp of the 'आपका पैसा, आपका अधिकार' ('Your Money, Your Right') campaign in New Delhi, today.

In her address on the occasion, Delhi Chief Minister Smt. Rekha Gupta said that the Indian banking sector is very strong and people have trusted the banking system for years. Banking governance, especially the digitisation of services, has also been a special focus of the government led by Prime Minister Shri Narendra Modi.

Smt. Gupta highlighted the Government's focus on financial inclusion and the digital delivery of services since 2014, noting that digitisation has not only changed the way people transact money but this step has already transformed the very nature of the Indian economy.

Taking this initiative forward, Smt. Gupta said that the Government has now taken the responsibility to restore citizens' unclaimed assets digitally and through the digital facility under 'आपका पैसा, आपका अधिकार' ('Your Money, Your Right'), which demonstrates that the Government's policy and intent are focused on the delivery of service. The Delhi Government will also support this campaign and empower the Finance Ministry to ensure that camps are held under 'आपका पैसा, आपका अधिकार' ('Your Money, Your Right').

Smt. Gupta appealed to the people of Delhi to check information about their bank accounts, fixed deposits, policies, shares, or mutual fund investments and visit these camps to claim their funds. She said, “This is not just the recovery of common funds — it is the restoration of rights, fulfillment of justice, and affirmation of your entitlements. So far, we have returned approximately 850 million rupees to their rightful owners, and we will continue the efforts to return people's assets.”

In his address, Union Minister of State for Finance Shri Pankaj Chaudhary said, "Today, it is a great honour for me to be among you at this important programme, the 'आपका पैसा, आपका अधिकार' ('Your Money, Your Right') campaign. This initiative reflects the vision of the Government, which always places the citizen at the centre."

The Union Minister of State for Finance said that under the leadership of Prime Minister Shri Narendra Modi, this government has made it clear that public awareness, public services, and public trust are the real strength of the nation. This campaign is steadily progressing and is being ensured to reach every district of the state within three months from October to December so that no citizen is deprived of their old accumulated capital. Over the past 11 years, our Government has made financial inclusion the foundation of the country's modern development.

Shri Chaudhary informed the audience that the 'आपका पैसा, आपका अधिकार' ('Your Money, Your Right')  campaign is based on the idea that the hard-earned money of any citizen should not remain unattended and should be delivered to them at the right time.

The Minister of State for Finance mentioned several schemes that have facilitated financial inclusion in India, mainly PMJDY, PMJJBY, PMSBY, APY, PMMY, and the PM SVANidhi scheme.

Concluding his address, Shri Chaudhary said that 'आपका पैसा, आपका अधिकार' ('Your Money, Your Right')  is not just about money; it is about trust, respect, and citizens' rights.

In his address, Secretary of the Department of Financial Services, Shri M. Nagaraju, said, “When we began designing this campaign, we identified a simple and impactful approach – Awareness, Accessibility, and Action, the 3A framework.”
Shri Nagaraju informed the audience and said, "From the very beginning, we wanted every citizen to easily understand this process. The campaign video released at the time of launch is now reaching people across the country in various local languages. Along with this, detailed booklets containing frequently asked questions and standard operating procedures for all unclaimed financial assets have been prepared in several regional languages and are being widely shared. These materials are helping families understand the steps involved and giving them the confidence to navigate the claim process."

Mr. Nagaraju informed that the nationwide response has been encouraging. Strong participation has been seen in the states across the four phases of the campaign. Mega district-level camps have been organized in 272 districts, and the next phase is already underway, with 102 additional camps being held tomorrow. With this pace and coordination, all districts of the country will be covered under the campaign. Senior state government officials, MPs, MLAs, and local representatives are actively participating in these camps and motivating citizens to come forward.
The DFS Secretary, while informing the people, said that as a result of these collective efforts, more than ₹18.87 billion has been returned to citizens within just two months. Although this number may seem modest, it reflects the initial impact of growing awareness, and we hope that many more families will come forward in the coming times.

Highlighting the progress of campaign in Delhi, Shri Nagaraju said that as of August 31, 2025, the pending balance under the Deposited Education and Awareness (DEA) fund related to Delhi is only ₹3,210.84 crore. This indicates that a very large amount is still inaccessible to the citizens of the National Capital. This further underscores the need for stronger engagement in Delhi so that families can receive the amount rightfully due to them.

The 'आपका पैसा, आपका अधिकार' ('Your Money, Your Right') campaign was inaugurated by the Union Minister of Finance and Corporate Affairs, Smt. Nirmala Sitharaman, on October 4, 2025, from Gandhinagar, Gujarat.
This camp was organised under the aegis of the Department of Financial Services (DFS), Ministry of Finance, Government of India, by the State Level Banker Committee-Delhi, with participation from the Reserve Bank of India (RBI), Insurance Regulatory and Development Authority of India (IRDAI), Securities and Exchange Board of India (SEBI), and the Investor Education and Protection Fund Authority (IEPFA) under the Ministry of Corporate Affairs, along with the Pension Fund Regulatory and Development Authority (PFRDA). A mega camp was conducted at the Dr. Ambedkar International Center, New Delhi.
Unclaimed financial assets such as insurance policy claims, bank deposits, dividends, shares, and income from mutual funds often remain unclaimed due to a lack of awareness or outdated account details. The mega camp provided guidance to citizens on the process of reclaiming their unclaimed assets.

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