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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.
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.

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Architects of Progress: Celebrating India's Most Influential Knowledge Leaders

December 24, 2025

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CHANDIGARH, India, Dec. 24, 2025 /PRNewswire/ -- Kiteskraft Productions LLP proudly honors ten exceptional professionals whose vision, dedication, and innovation are shaping India's evolving knowledge ecosystem across diverse fields. Extending far beyond traditional roles, they stand as mentors, thought leaders, and catalysts of transformation—championing creativity, critical thinking, ethical leadership, and social responsibility. Through impactful contributions in their respective professions, leadership initiatives, and community engagement, these distinguished individuals inspire generations to think boldly and act purposefully. Their work leaves a lasting imprint on society, affirming their role as true architects of progress and guiding forces for the nation's future across all professional domains. Dr. Nit!n Gupta: Based in Delhi, Dr. Nit!n Gupta is a leading name in Corporate Numerology and Vastu Consultancy, known for helping businesses and individuals unlock growth through energetic alignment. With years of experience across Corporate Numerology and Corporate Vastu, he has guided clients in four continents, enabling many to achieve 5x to 10x business expansion. His practice is founded on the principle that aligned numbers, names, and spaces can significantly influence clarity, success, and wellbeing. Serving entrepreneurs, startup founders, high-net-worth individuals, and senior corporate leaders, he blends ancient Indian occult sciences with modern business insight. Backed by strong academic credentials and professional certifications, his personalized, ethical approach delivers practical solutions that support sustainable success, balance, and informed decision-making in today's competitive world. Dr. Ananya Dasgupta: Dr. Ananya Dasgupta is a distinguished educator, writer, social reformer, and environmental advocate committed to education, empowerment, and sustainable development. She has actively championed mental health awareness, skill development, and solar energy initiatives, empowering youth, women, and marginalized communities. As a dedicated teacher and principal, she inspired generations of students and earned accolades including the Best Teacher Award and national recognition in music. Her contributions have been honored with the Super Woman 2025 Award, the Swami Vivekananda Global Peace Award, and the SDG Impact Award conferred by UN ECOSOC at the Bangkok UN Headquarters. She has represented India at UN Women, RIO+20, and the World Renewable Energy Congress. Having traveled solo across twelve countries, her exposure shapes her vision globally. Dr. Rajasekaran Samykan: Algaven PhycoGen Private Limited is rapidly emerging as one of India's most dynamic biotechnology and green innovation enterprises, redefining the intersection of science, sustainability, and entrepreneurship. Formerly known as JE JE Enterprises Private Limited, the organisation operates across algae biotechnology, nutraceuticals, controlled-environment agriculture, natural products, and rural skill development. At the core of this growth is visionary leadership under Rajasekaran Samykan, Founder and Chief Executive Officer, whose decade-long commitment to nature-based innovation has helped build a scalable, impact-driven ecosystem. The company's mission integrates women empowerment, rural livelihood creation, and alignment with global Sustainable Development Goals. Through research-led products, waste-to-wealth models, and structured training programs, Algaven PhycoGen is positioning India as a global hub for sustainable biotechnology and green entrepreneurship worldwide. Ms. Parvathy Ananthanarayanan: Parvathy Ananthanarayanan Mangala (born 3 February 1990), widely known by her pen name Ram SwaRajya, is an Indian author, content writer, and cultural storyteller whose work bridges spirituality with contemporary life. Based in Ayodhya (Uttar Pradesh), she is the founder of the Ram SwaRajya Library, a self-funded initiative dedicated to distributing value-based literature free of cost. Her writing is noted for emotional depth, clarity, and strong grounding in Indian cultural traditions. Drawing inspiration from her roots in Maharashtra and Kerala, she creates reflective narratives that promote mindful living, compassion, and ethical purpose. Through books and digital platforms, she continues to inspire readers to reconnect with heritage while navigating modern realities with awareness and balance across generations worldwide today consistently. Dr. Brajadulal Chakrabarti: Dr. Brajadulal Chakrabarti is a distinguished scholar, visionary, and humanitarian whose life reflects perseverance, intellect, and service. Born into a modest yet deeply scholarly family, he was inspired by his father, Pandit S. M. Chakrabarti, a National Award–winning teacher honoured by President Dr. S. Radhakrishnan. Guided by these values, he pursued an exceptional academic journey, earning degrees in Sociology, Science, Management, and a Ph.D. in Management, alongside several technical diplomas. With decades of experience as an educator, industrial trainer, and General Manager in the Directorate of Industries, Government of Tripura, he also contributed to private-sector advancement with the SPACETECH Group. A prolific author, his acclaimed works reflect deep intellectual and spiritual insight. He continues to remain active in yoga, research, writing, and human development initiatives. Mr. Manu Siddhartha: Manu Siddhartha: Bridging Artificial Intelligence and Ancient Wisdom Manu Siddhartha, a Senior AI professional and acclaimed spiritual author, has beautifully merged analytical precision with deep devotion through his Unlocked series, including Shiv Puran Unlocked and Shiv Gita Unlocked. Guided by years of Sadhana and the teachings of saints, he decodes ancient Hindu scriptures into simple, practical lessons for modern life. His globally streamed Shiv Puran Podcast—available on Audible, Spotify, and Apple Music—explores Lord Shiva's wisdom as a guide to awareness, balance, and strength. Honored with the Charles Dickens Gold Medal, Golden Book Award 2026, and Sahitya Sparsh Award 2026, he continues to inspire seekers worldwide, bridging AI and spirituality to reveal that both ultimately pursue the same truth: understanding consciousness and inner transformation. Dr. Hemam Sangeeta Devi : Dr. Hemam Sangeeta Devi, born in Moirang, Manipur, began her education at Government Girls' High School and Moirang College. She earned her BSc and MSc in Nursing (Medical-Surgical) from Dr. MGR University, Chennai, later completing her PhD in Nursing from the Indian Management Academy and a Master's in Hospital Administration from Manipal University. Currently, she is serving as a Principal at SEA College of Nursing, Bangalore, a Fellow Member of CEGR, Research Guide under RGUHS, and Life Member of TNAI. She has organized many national and international academic events and published research papers. Certified in NLP, Reiki, Lama Fera, Hypnosis, and Life Coaching, she has empowered over 550 individuals through holistic healing, integrating nursing with alternative therapies to nurture body, mind, and soul. Mr. A. J. S Prakash: Mr. A. J. S. Prakash is a visionary technocrat and education strategist with over three decades of experience spanning software training & development, education management, and entrepreneurship. He is widely recognised for introducing innovative educational technologies and scalable business models that have reshaped preschool and K–12 institutions across India. Through franchise-led and company-owned frameworks, he has helped build academically strong and financially sustainable schools. Many professionals mentored by him have gone on to hold leadership positions in reputed organisations, reflecting the depth of his guidance and influence. Beyond corporate success, he remains deeply committed to social responsibility, consistently supporting underprivileged students and children with special needs. Driven by ethics, empathy, and long-term vision, he continues to play a significant role in advancing the education ecosystem. Dr. Rajesh Luthra: Dr. Rajesh Luthra, born on 5th November 1968 in Durgapur, is a distinguished leader in Supply Chain, Strategic Sourcing, Manufacturing and Operations with over three and half decades of expertise. An alumnus of REC Kurukshetra (B.Tech Hons), MBA, and IIM Bangalore, he further enhanced his knowledge as a VLFM Graduate from CII and JAICA, specializing in VSME, Capacity Planning, Supply Chain and Operations. Currently, he serves as the Business Head at Victura Technologies, driving growth and innovation. Previously, he held pivotal leadership positions with Escorts Kubota and TAFE EICHER , contributing significantly to operational excellence. In recognition of his professional achievements and leadership, he was conferred with an Honorary Doctorate in 2025. His career reflects a blend of technical acumen, strategic vision, and a passion for advancing the manufacturing sector and Adoption of Best Technology at Optimum Cost . Prof. Dr. Madan Chandra Karan: Prof. Dr. Madan Chandra Karan is a renowned educationist and internationally acclaimed writer whose contributions to literature and academia have earned global recognition. With academic credentials including MA, MPhil, PhD, and multiple honorary D.Litt titles, he is widely respected for his scholarly depth and creative excellence. Writing fluently in Bengali, Hindi, and English, he has authored several acclaimed works such as Jannater Samsar, Madan Manjari, The Communalism and Counter Communalism, Adrishya Pira, and The Unseen Agony. His writings reflect strong human values, social consciousness, and cultural harmony, many of which have been translated into other languages. Honored with prestigious national and international awards from India, the UK, USA, Germany, and Bangladesh, he continues to inspire readers, scholars, and students worldwide. About Kiteskraft Productions LLP Kiteskraft Productions LLP, established in 2019, is a premier organizer of National and International Conferences and Award ceremonies across sectors like Education, Business, Healthcare, NGOs, and Entertainment. With a mission to recognize excellence, Kiteskraft honors individuals who drive innovation and outcome-based learning. Certified by ISO and MSME, and registered under MCA, it upholds high standards of quality. Recognized by the Scholar's Book of World Records, Kiteskraft fosters industry collaboration through impactful events. With a dedicated team and a vision for excellence, Kiteskraft Productions LLP continues to inspire, empower, and shape a brighter future. Visit www.kiteskraft.com for more. Photo: https://mma.prnewswire.com/media/2851448/Knowledge_Leaders_Kiteskraft.jpg' alt='Embedded Media' /> (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI

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