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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.
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.

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December 5, 2025

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New Delhi, Dec 5 (PTI) Following are the top stories at 9 pm: NATION DEL165 RUSSIA-INDIA-LD TRADE PACT (8.57 PM)

India, Russia to meet USD 100bn trade target before 2030: Modi New Delhi: Prime Minister Narendra Modi on Friday expressed confidence that the USD 100 billion bilateral trade target between India and Russiawill be achieved ahead of the 2030 deadline, as he invited Russian investment in the country.

DEL166 AVI-LDALL INDIGO FLIGHTS (9.05 PM)

IndiGo cancels over 1,000 flights on Fri, expects normalcy in 10 days; gets flight duty norms relief New Delhi/Mumbai: IndiGo cancelled over 1,000 flights on Friday and said operations are expected to normalise in the next 10 days, as the country's largest airline received flight duty norms relaxation from watchdog DGCA, which will probe the disruptions that have impacted thousands of passengers for four straight days.

DEL161 INDIA-RUSSIA-TERRORISM (8.19 PM)

Modi, Putin discuss ways to combat terrorism; call for uncompromising global fight against it New Delhi: India and Russia on Friday called for an "uncompromising" global fight against terrorism without "hidden agendas and double standards" with Prime Minister Narendra Modi asserting that the menace is a direct attack on the values of humanity.

DEL147 CONG-LOPs-BANQUET (6.49 PM)

Cong says LoPs not invited to Putin banquet, takes swipe at Tharoor for accepting invite New Delhi: The Congress on Friday said Leaders of Opposition Mallikarjun Kharge and Rahul Gandhi have not been invited to the banquet for Russian President Vladimir Putin, and took a swipe at its own MP Shashi Tharoor for accepting the invite.

DEL137 AVI-DGCA ORDER-INDIGO (6.12 PM)

DGCA sets up four-member panel to inquire into IndiGo flight disruptions; to submit report in 15 days New Delhi: Aviation watchdog DGCA has set up a four-member committee to carry out a comprehensive review and assessment of the circumstances that led to the massive flight disruptions.

PAR32 LS-LD PAN MASALA-CESS-BILL (7.27 PM)

LS passes bill to levy cess on pan masala units; FM assures states of revenue sharing New Delhi: Finance Minister Nirmala Sitharaman on Friday said the proposed Health and National Security Cess will be levied on pan masala manufacturing units, assuring states that the revenue earned would be shared with them for expenditure on health schemes.

DEL148 TMC-FLIGHTS-MGNREGA (6.27 PM)

Flights chaos 'small pain' compared to West Bengal MGNREGS workers' plight: O'Brien New Delhi: As several MPs have been impacted by the IndiGo flight cancellations, Trinamool Congress leader in Rajya Sabha Derek O'Brien on Friday called it a "small pain", compared to the MGNREGA workers in West Bengal who have been deprived of wages as the scheme remains suspended in the state.

PAR29 RS-RAILWAY PUNCTUALITY (6.49 PM)

Punctuality of Indian Railways at 80 pc, better than many European nations: Vaishnaw New Delhi: Railways Minister Ashwini Vaishnaw on Friday told the Rajya Sabha that the overall punctuality of Indian Railways has significantly increased to 80 per cent which was better than several European countries.

DEL152 INDIA-MALAYSIA-EXERCISE (7.15 PM)

India-Malaysia military exercise 'Harimau Shakti' begins in Rajasthan New Delhi: A military exercise between the troops of India and Malaysia, aiming to synergise joint responses during counter-terrorist operations, began in Rajasthan on Friday, officials said.

DEL157 LSQ-MEA-US (8.08 PM)

Engagement ongoing with US on mutually beneficial bilateral trade agreement: Govt to Parliament New Delhi: India's engagement with the US is ongoing, including through negotiations aimed at concluding a mutually beneficial, multi-sector bilateral trade agreement, the Centre informed Parliament on Friday.

CAL19 WB-MOSQUE-SECURITY (5.33 PM)

Security tightened in Bengal''s Murshidabad ahead of foundation stone-laying of Babri-style mosque Kolkata: A day ahead of a foundation stone-laying ceremony for the construction of a proposed mosque -modelled on Ayodhya’s Babri Masjid- at Beldanga in West Bengal's Murshidabad, security has been tightened in the locality on Friday with deployment of additional forces, officials said.

LEGAL LGM4 KL-HC-MAMKOOTATHIL (5.20 PM)

Rahul Mamkootathil moves Kerala HC for protection from arrest Kochi: Expelled Congress MLA Rahul Mamkootathil, facing allegations of sexual assault from two different women, on Friday moved the Kerala High Court seeking an interim protection from arrest.

BUSINESS DEL154 BIZ-INDIA-RUSSIA-POLAR WATERS (7.43 PM)

India, Russia sign MoU on training specialists for ships operating in polar waters New Delhi: India and Russia on Friday signed a memorandum of understanding (MoU) on training of specialists for ships operating in polar waters.

DEL160 BIZ-INDIA POST-RUSSIA (8.20 PM)

Department of Posts, JSC Russia Post sign pact to boost cross-border e-commerce New Delhi: The Department of Posts has signed a bilateral agreement with JSC Russia Post on International Tracked Packet Service to boost cross-border postal cooperation and e-commerce trade between India and Russia, an official statement said on Friday.

FOREIGN FGN33 CHINA-INDIA-PUTIN (7.23 PM)

Chinese official media highlights Putin calling India-China close friends of Russia Beijing: Chinese official media on Friday highlighted President Vladimir Putin’s remarks calling both India and China the closest friends of Russia while emphasising that Moscow has “no right” to interfere in their bilateral ties. By K J M Varma

FGN39 UK-NIRAV (8.33 PM)

Nirav Modi's prison move creates complications for Bank of India trial in UK London: Fugitive diamond merchant Nirav Modi, wanted in India to face fraud and money laundering charges, is forced to share a small prison cell with a shared desk with other inmates without access to most of his legal paperwork, the High Court in London was told on Friday. By Aditi Khanna

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