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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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News and Press Release

105th NPG Meeting Reviews Rail and Road Projects to Boost Logistics Efficiency under PM GatiShakti

December 19, 2025

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The 105th meeting of the Network Planning Group (NPG) was convened today to evaluate infrastructure projects. The meeting focused on enhancing multimodal connectivity and logistics efficiency in alignment with the PM GatiShakti National Master Plan (PMGS NMP).

The NPG evaluated 07 Rail projects and 01 Road project for their conformity to the PM GatiShakti principles of integrated multimodal infrastructure, last-mile connectivity to economic and social nodes and ‘Whole of Government’ approach. These initiatives are expected to boost logistics efficiency, reduce travel times, and deliver significant socio-economic benefits to the catchment areas of the project. The evaluation and anticipated impacts of these projects are detailed below:

A brief description of the projects is given below:

Ministry of Railways(MoR)

i. 3rd & 4th Line Arakkonam – Renigunta

The Ministry of Railways has proposed constructing a 76.559 km 3rd and 4th railway line between Arakkonam and Renigunta to ease congestion, boost line capacity, improve punctuality, and support rising freight demand. The corridor spans districts in Tamil Nadu and Andhra Pradesh and forms a key part of “Mission 3000 MT” and the High-Density Traffic Routes (Amrit Chaturbhuj) program.

The proposal incorporates industry consultations, ensures connectivity with major highways and airports, and leverages strong multimodal links to industrial hubs and key transport nodes. Enhanced approach roads for freight loading will further strengthen logistics efficiency. The Ministry underscores that the project is a strategic investment aimed at reinforcing rail infrastructure and supporting regional economic growth.

ii. Doubling of track between Erode - Karur Section

The Ministry of Railways has proposed doubling the 66.67 km Erode–Karur railway line in Tamil Nadu to ease congestion, enhance capacity, and improve operational efficiency for both passenger and freight services. The project will support shorter freight routes, boost industrial growth, and strengthen regional mobility.

The corridor’s strong integration with national and State highways, air connectivity, and existing road links to industrial hubs will enable seamless multimodal transport. Doubling the line will also improve movement of key commodities such as coal, steel, cement, and granite to power plants and industries, supported by adequate approach roads to loading points.

The Ministry emphasizes that the project will enhance supply chains, improve connectivity, and contribute significantly to Tamil Nadu’s economic development.

iii. 3rd & 4th line between Guntakal – Bellary stations

The Ministry of Railways has proposed building a 45.92 km 3rd and 4th  line between Guntakal and Bellary, effectively quadrupling the existing double-line corridor across Andhra Pradesh and Karnataka. The project will boost capacity on a key freight and passenger route serving major industries such as JSW, Kalyani Steels, Ultratech Cement, ACC Cement, and KPCL.

Situated on the vital Hubli–Gadag–Bellary–Guntakal route, the section connects northwest Karnataka with major regions across India. The mineral-rich belt of Bellary, Tornagallu, Hosapete, and Ginigera—home to major steel and power plants—stands to gain significantly through improved freight mobility and reduced congestion.

iv. 3rd & 4th line between Guntakal – Wadi stations

The Ministry of Railways has proposed a 230 km 3rd  and 4th  line between Guntakal and Wadi, traversing Karnataka, Andhra Pradesh, and Telangana. The project will quadruple the existing double-line section, expanding capacity on one of the region’s most crucial freight routes.

The corridor is vital for transporting coal from the Nagpur–Balharshah–Kothagudem belt to power plants along the Wadi–Guntakal–Renigunta axis and supports major cement industries between Wadi and Tandur. The expansion will ease bottlenecks, improve punctuality and average speeds, and create additional paths for both passenger and freight trains.

v. Doubling between Salem-Karur-Dindigul

The Ministry of Railways has proposed doubling the 159.26 km Salem–Karur–Dindigul railway corridor to ease congestion, boost line capacity, and enable smoother, faster passenger and freight operations.

As a key energy and industrial route serving the Mettur Thermal Power Plant and major sectors such as steel, cement, textiles, agriculture, and food processing, the upgraded line will significantly reduce freight costs, improve logistics efficiency, and stimulate regional economic growth. Strong industrial clusters across Salem, Namakkal, Karur, and Dindigul stand to benefit from enhanced connectivity.

The project is expected to improve service reliability, create local employment, and strengthen Tamil Nadu’s strategic freight network.

vi. 3rd and 4th line between Yadadri and Kazipet stations and 4th line between Ghatkesar and Yadadri stations

The Ministry of Railways has proposed constructing a third and fourth railway line between Yadadri and Kazipet (77.958 km) and a fourth line between Ghatkesar and Yadadri (32.448 km). These sections form part of a High Traffic Density Corridor identified under the Universe of Projects of Indian Railways, underscoring their strategic importance.

The Yadadri–Kazipet–Ghatkesar corridor is one of Telangana’s most vital rail routes, serving as a key artery for both passenger and freight movement across South India and providing connectivity to major metropolitan cities including Hyderabad, Chennai, Kolkata, and Delhi. The corridor has witnessed significant development owing to its strategic location and the concentration of major industrial establishments in the region.

The route benefits from strong multimodal connectivity, with direct access to major roads such as NH-163 and State Highways SH-1 and SH-2. It also lies within convenient proximity to major airports—Rajiv Gandhi International Airport (around 31 km from Secunderabad) and Begumpet Airport (approximately 40 km). Existing road links between railway stations and industrial zones, including pharmaceutical clusters, will be further strengthened to accommodate increased traffic once the project is completed. No ports are located in the immediate vicinity.

The proposed expansion aims to enhance network capacity, improve punctuality, and support the region’s growing passenger and freight demand.

vii.  3rd and 4th line Electrified Multi tracking line between Talegaon-Uruli

The Ministry of Railways has proposed a broad-gauge, electrified multi-tracking railway line between Talegaon and Uruli in Pune district, Maharashtra, to enhance passenger and freight connectivity. The alignment will serve key towns including Talegaon, Wagholi, and Uruli, and support major industrial and logistics hubs.

Key stakeholders such as JSW Dolvi, JNPA, Adani APSEZ, MIDC Chakan, Niphad Dry Ports, and automobile industries have been consulted for traffic assessment. The project ensures multimodal integration with airports and highways, while avoiding infringement on major national and State highways.

The line will connect to the upcoming Mega Coaching Terminal at Uruli, integrate with the Pune–Solapur–Wadi route on the Mumbai–Chennai High-Density Network, and link additional lines to Alandi on the Pune–Satara section, improving overall network capacity and operational efficiency.

Ministry of Road, Transport & Highways(MoRTH)

viii. Construction for upgradation of NH-544D from Vinukonda- Guntur section terminating at Amaravati Outer Ring Road in the State of Andhra Pradesh

The Ministry of Road Transport and Highways has proposed the upgradation of National Highway NH-544D from Vinukonda to Guntur, involving its widening from a two-lane configuration to a four-lane highway with paved shoulders. The project aims to enhance road capacity, safety, and overall operational efficiency along this strategically important corridor, which provides a critical link between NH-44 (Bengaluru–Hyderabad) and NH-16 (Kolkata–Chennai).

The proposed alignment extends from Podili Junction in Vinukonda to the Amaravati Outer Ring Road, covering a total length of approximately 85.9 km, including about 44.6 km of brownfield and 41.3 km of greenfield sections. While the project largely follows the existing highway, selected stretches will undergo geometric improvements, realignments, and the development of bypasses to rectify current deficiencies and improve traffic movement.

Upon completion, the project is expected to reduce travel time by nearly 52%, lower logistics costs, and significantly improve freight movement and traffic flow. It will strengthen connectivity between key urban centers such as Narasaraopeta, Guntur, Vijayawada, and the upcoming capital city of Amaravati, while supporting regional economic growth, employment generation, urban development, and tourism.

The meeting was chaired by Joint Secretary, Logistics, Department for Promotion of Industry, and Internal Trade (DPIIT).

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