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September 2, 2026
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E-auction of surplus public land enables transparent outright sale of RINL parcels through registered, KYC-verified bidding.
National Land Monetization Corporation will facilitate the e-auction and outright sale of 459 encumbrance-free RINL land parcels, including residential plots and parcels suited for commercial and logistics use. Competitive bidding will occur through the RailTel E-Nivida e-procurement platform. Participation requires online registration, KYC verification, and plot-wise submission of an earnest money deposit within prescribed timelines. The process supports transparent monetisation of surplus land and non-core public assets.
September 2, 2026
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Competition approval for infrastructure finance restructuring covers acquisition, minority transfer, investment divestment, and merger of regulated NBFCs.
Competition Commission of India approval applies to the acquisition of Aseem Infrastructure Finance Limited by TPG Nicobar SG Pte. Ltd., a subsequent minority share acquisition by ICICI Bank Limited, and Aseem's divestment of its shareholding in NIIF Infrastructure Finance Limited to National Investment and Infrastructure Fund II. Following the acquisition, Climate Finance India Private Limited is intended to merge into Aseem as the surviving entity. The entities involved include RBI-registered non-deposit taking NBFCs operating in infrastructure finance, investment and credit, and infrastructure debt financing.
September 2, 2026
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Healthcare merger approval enables KCIL to acquire fertility and specialty hospital businesses alongside related equity issuances and investment.
Competition Commission approval covers KCIL's acquisition of up to 100% equity shareholding in AFCPL and 100% equity shareholding in ASHPL. The combination includes KCIL issuing equity shares and optionally convertible debentures to AHLL, representing 9.9% fully diluted shareholding as partial consideration, together with a further KCIL equity investment by Arvon Investments Pte. Ltd. KCIL operates mother and baby care hospitals, while AFCPL provides assisted reproductive treatment and reproductive-medicine services.
September 1, 2026
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Money-laundering investigation into alleged District Mineral Fund diversion examines purported liaison activity and asset acquisition through proceeds of crime.
Money-laundering proceedings under the Prevention of Money Laundering Act concern alleged diversion of District Mineral Fund resources through the Chhattisgarh Seed Corporation. The investigation alleges siphoning of public funds by contractors in collusion with government officials and political executives. A businessman was identified as an alleged liaisoner and financial coordinator between public servants, district authorities and private vendors. Allegations also include receipt of commissions, acquisition of immovable assets from purported proceeds of crime, non-production of records, and contradictory statements during questioning.
September 1, 2026
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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
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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.

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VIBGYOR Viva Enters Its 17th Year Showcasing Holistic Student Excellence Across India

December 17, 2025

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Mumbai, Maharashtra, India – Business Wire India • 1,50,000+ participants from 3,000+ schools across 15 cities and 7 states in India • Season 17 welcomes students from USA, UAE, and the Netherlands • Over 150 activities spanning sports, performing arts, and workshops • FIBA-endorsed All India Inter-School Basketball Championship and nationwide Vivathon return as major highlights The VIBGYOR Group of Schools, one of India’s leading K-12 education networks, has announced Season 17 of its flagship inter-school festival, VIBGYOR Viva 2025, a grand celebration of talent, creativity, sportsmanship and community spirit. The milestone 17th edition will unfold across 15 cities and 7 states, bringing together more than 2,00,000 students from over 3,000 schools nationwide, with the finale event scheduled on 20th December 2025 in Pune. The festival will also see student participation from USA, UAE, and the Netherlands — a reflection of Viva’s expanding global reach and growing recognition Since its inception in 2009, VIBGYOR Viva has evolved into a multi-dimensional platform that recognises and nurtures holistic development in children through sports, performing arts, and experiential learning. This year’s theme, “Celebrating 17 Years of Talent, Sports and Togetherness,” reflects the Group’s unwavering commitment to empowering students to explore their passions, showcase their skills, and forge meaningful connections. Event Highlights: • Major Attractions: • FIBA-endorsed All India Inter-School Basketball Championship (Rs. 3,00,000 in prizes) • Stars & Junior Stars Ensemble (Rs. 2,25,000 in prizes) • Vivathon & Junior Olympics for students and parents • Pan-India workshops and creative competitions The sports segment of Viva features 14 disciplines for boys and girls aged 5 to 19, including Basketball, Football, Cricket, Athletics, Gymnastics, Karate, Taekwondo, Table Tennis, Chess, and Swimming. A key highlight is the FIBA-endorsed All India Inter-School Basketball Championship, a premier competition for Under-14 Boys and Girls, held across 14 cities with the finals in Mumbai and Bengaluru. The championship offers cash prizes worth Rs. 3,00,000, with finalists receiving free travel, stay and meals for themselves and one accompanying adult. Parents play an integral role in Viva, participating in events like Box Cricket and the Vivathon, a fitness-driven community run offering competitive and non-competitive categories, including a special 5KM parent challenge. The cultural segment features the Stars Ensemble (Ages 12–18) and Junior Stars Ensemble (Ages 8–11), providing young performers a vibrant platform to showcase their talents in Dance, Music, Theatre, Poetry, Comedy, Magic, Fusion, and more. The segment is further elevated by the presence of renowned judges — choreographer Mr. Vaibhav Ghuge, singer, Mr. Vishwajeet Borwankar, actor Ms. Ketaki Narayan, and dancer & actress, Ms. Mythili Roy, whose expertise and mentorship inspire young artists to perform at their best. City-level auditions and finales across major metros, including Pune, celebrate outstanding performances with trophies, gift hampers, certificates, and prizes totalling Rs. 2,25,000. To encourage global participation, international participants are offered complimentary accommodation and meals, reflecting Viva’s commitment to inclusivity and fostering a truly pan-India and international cultural exchange. Ms Kavita Kerawalla, Vice-Chairperson of the VIBGYOR Group of Schools, commented on the new season, stating, “VIBGYOR Viva is more than just a festival; it is a celebration of curiosity, courage, and creativity. It reminds us that true education extends beyond the classroom, giving equal importance to sports, arts, and academics. Here, children discover their potential, learn the value of teamwork, and build lifelong connections. As we celebrate 17 years of Viva, we honour not only the talent on stage and the spirit of competition but also the educators, parents, and communities that nurture well-rounded growth, making this journey truly remarkable.” The festival’s lineup includes interactive workshops and both offline and online competitions in Performing Arts, Logic & Strategy, and Parent-Child Events. Participants can upload audition videos on www.vibgyorviva.com, allowing students from India and abroad to compete globally and connect virtually through Viva’s digital platform. VIBGYOR Viva is the annual cultural and sports festival of the VIBGYOR Group of Schools. Since its launch in 2009, the festival has grown into a pan-India platform celebrating student talent across diverse domains. Through sports, arts, and experiential learning, Viva continues to uphold VIBGYOR’s mission of holistic education and community engagement. About VIBGYOR Group of Schools Founded in 2004, VIBGYOR Group of Schools, recognised as Best Brand-Education of 2024 by The Economic Times, followed by the BW Education Top Education Brands Award 2024 for Academic Excellence in K-12, is a leading network of K-12 schools known for its academic excellence for over two decades. The Group offers a unique range of world-class educational programs for the holistic development of students in curricular and co-curricular studies across all its schools. Under the leadership of Mr. Rustom Kerawalla, Founder Chairman of the institution, VIBGYOR Group of Schools is nurturing the academic growth and development of over 55,000 students nationwide across its 40 schools in 15 major cities. VIBGYOR Group of Schools delivers international levels of education in affiliation with CISCE, CBSE and Cambridge International curriculum, from early years education to Grade 12. To schedule a school visit, call +91 600 3000 700 (Monday to Saturday, 9.00 am – 5.00 pm) or visit https://www.vgos.org/ To View the Image, Click on the Link Below: VIBGYOR Group of Schools launches Season 17 of VIBGYOR Viva (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.). PTI

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