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    Additional Information related to GDP Estimates Received After Release of Q1 Estimates of FY 2026-27
    Union Minister of Commerce & Industry Shri Piyush Goyal Chairs CEO Roundtable on Ease of Doing Business for Scaling India’s Data Centre Ecosystem
    India–Afghanistan Joint Working Group on Trade Holds Virtual Meeting; Reviews Measures to Strengthen Bilateral Trade and Economic Cooperation
    PM Surya Ghar Yojana 2026: How to Get Rs 78,000 Solar Subsidy & Cut Your Electricity Bill
    Japan's JCR upgrades India's sovereign rating to 'A-', cites solid growth, improved financial system
    In personal insolvency case before NCLAT, Subhash Chandra opposes formation of 5-member NCLT bench
    GoCredit Launches Free Loan App Checker to Verify If a Lending App Is Real, Fake or RBI Registered
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    CCI approves acquisition of Aseem Infrastructure Finance Limited by TPG Nicobar SG Pte. Ltd. and related transactions
    CCI approves acquisition of up to 100% equity shareholding of Apollo Fertility Centre (AFCPL) and Apollo Specialty Hospitals (ASHPL) by Kids Clinic In...
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    India's CAD widens to USD 4.2 bn in Q1 amid West Asia conflict: RBI data
    Andhra commercial tax collections rise by 11 per cent in August to Rs 4,983 cr
    Govt hikes windfall gains tax on petrol, diesel exports; cuts levy on ATF
    DGFT Enables Automated Issuance of Free Sale and Commerce Certificates to Promote Ease of Doing Business
    Bank unions to go on nationwide strike on Sep 11 over 5-day banking, other issues
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September 2, 2026
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Double deflation explains negative manufacturing GVA deflators when input prices rise faster than output prices.
Double deflation in manufacturing separately deflates gross output and intermediate consumption, with real GVA derived from their difference. Where input prices rise faster than output prices, nominal GVA may grow more slowly than real GVA, producing a negative implicit GVA deflator despite rising output and input prices. A negative manufacturing GVA deflator therefore does not establish a fall in manufactured-product prices or lower real growth. The implicit GDP deflator is a derived ratio between current-price and constant-price GDP and differs from CPI and WPI because of their distinct coverage, weights, and price concepts.
September 2, 2026
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Data centre ease-of-doing-business reforms target reliable power, prepared land, streamlined approvals and building standards for faster infrastructure deployment.
Ease-of-doing-business reforms for India's data-centre ecosystem focus on faster and sustainable infrastructure deployment through reliable power, ready-to-use land, streamlined approvals and suitable building regulations. Proposed power measures include cluster-based transmission planning, first-day sanctioned load, dual feeders and cross-border renewable-energy procurement. Data-centre-ready land banks and power-ready parcels are intended to reduce development timelines. The National Building Code 2026 recognises data centres under Group E and contains a dedicated annex on fire-risk assessment and data-centre-specific performance indicators.
September 2, 2026
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Trade facilitation and customs cooperation drive follow-up action on connectivity, regulatory coordination, investment promotion and bilateral commercial engagement.
India-Afghanistan bilateral trade and economic cooperation is being advanced through institutional engagement on trade facilitation, customs cooperation, connectivity, investment and commercial exchange. Priority areas include customs and data-sharing cooperation, visa facilitation for traders, banking and financial cooperation, pharmaceutical and agricultural trade, energy cooperation, tariff concessions, cargo connectivity and port-related matters. Follow-up action covers regulatory cooperation, improved connectivity, investment promotion and business-to-business engagement.
September 2, 2026
Show AI Summary
Residential rooftop solar subsidy requires eligibility, prior approval, registered installation, net metering, commissioning, and verified bank details for direct transfer.
PM Surya Ghar Muft Bijli Yojana provides central financial assistance for eligible grid-connected residential rooftop solar systems, capped at Rs. 78,000 for systems of three kilowatts or more. Applicants must be Indian citizens who own a suitable house, hold a valid electricity connection, and have not received an earlier solar-panel subsidy. Applications require portal registration, distribution-company feasibility approval, installation through a registered vendor, net metering, inspection, commissioning and submission of bank details. Assistance is transferred directly after verification. State-specific net-metering procedures, approvals and additional incentives may apply.
September 2, 2026
Show AI Summary
Sovereign credit rating upgrade reflects solid growth, stronger financial systems, and improving fiscal and external resilience.
JCR upgrades India's foreign-currency and local-currency long-term issuer ratings to A- with a stable outlook, citing sustained economic growth, productivity-oriented policies and improved financial-system soundness. Fiscal constraints include elevated deficits, intergovernmental fiscal transfers, electoral-cycle sensitivity, and high combined government debt and interest burdens. Greater emphasis on infrastructure capital expenditure has improved the quality of fiscal spending. External resilience is supported by a contained current account deficit, services surplus and foreign-exchange reserves exceeding short-term external debt.
September 2, 2026
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Personal insolvency bench constitution and repayment-plan eligibility remain contested where a larger tribunal bench stays a third-member order.
Personal insolvency proceedings raised a challenge to the National Company Law Tribunal's authority to constitute a five-member bench after a split verdict. The challenge contended that the mechanism for differing views permits reference to another member or members, but does not authorise a five-member bench. The larger bench stayed the third member's order, restricted asset alienation, and suspended an order permitting settlement of personal-guarantee claims. The dispute concerned the validity of that bench, the split-verdict reference procedure, repayment-plan eligibility, and pending creditor appeals.
September 2, 2026
Show AI Summary
Digital lending app verification enables borrowers to identify regulated lenders, grievance channels, and warning signs before accepting loans.
GoCredit's Loan App Checker allows borrowers to search lending apps against the public Digital Lending App directory and identify the regulated lender, grievance contact and RBI Ombudsman escalation route where a match exists. Regulatory reporting by regulated entities enables app-level verification, while borrowers should also check the lender named in app disclosures and loan agreements. A directory listing is a regulated-entity disclosure, not RBI approval or endorsement. Unmatched apps should be assessed through verification steps and reported through official channels where appropriate.
September 2, 2026
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Rupee depreciation in early trade reflected oil-price pressures, risk aversion, higher Treasury yields and broad dollar strength.
Early foreign-exchange trading saw the rupee weaken against the US dollar amid renewed US-Iran tensions, risk aversion, higher Brent crude prices, and a stronger dollar. Safe-haven demand, inflation concerns linked to potential oil-supply disruption, expectations of a September Federal Reserve rate increase, and higher US Treasury yields supported the broad dollar rally. RBI monitoring of the rupee's decline was noted.
September 2, 2026
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Responsible AI governance requires ethical safeguards, privacy protection, accountability and adaptive oversight to build lasting corporate stakeholder trust.
Responsible artificial intelligence governance requires continuous innovation, inclusive development, responsible deployment and trust-based governance. AI systems should be ethical, safe, transparent, fair and human-centric, with safeguards for privacy, bias, security and accountability. Proportionate and adaptive regulation should provide clear accountability, standards, monitoring, auditability and grievance redressal. Good governance, cybersecurity, personal data protection and responsible AI together strengthen organisational resilience, stakeholder trust, transparency and sustainable innovation.
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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.

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SC delivered key verdicts on presidential reference, Waqf law in 2025

December 27, 2025

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New Delhi, Dec 27 (PTI) Landmark verdicts on the powers of governors and the president on bills, staying few provisions of the Waqf law and a series of path-breaking judgements defined 2025 for the Supreme Court, a year which saw an unprecedented shoe attack on CJI B R Gavai and the discovery of huge cash at high court judge Yashwant Varma's bungalow here.

The apex judiciary saw a rare transition through three Chief Justices of India (CJIs) within a single year -- Sanjiv Khanna, Gavai, and the incumbent, Surya Kant.

In a move aimed at bolstering judicial independence, justices Khanna and Gavai publicly announced their decisions to not to take any post-retiral assignments, an issue which has been keenly debated.

This set the stage for further institutional transparency, as the court finally began uploading the asset statements of its judges to the public domain and introduced a first-of-its-kind reservation policy for SC/ST categories in its administrative staffing.

The judiciary was rocked after burnt wads of huge currency notes were found at the official residence of Justice Varma, the then sitting Delhi High Court judge, on March 14. This led to a series of decisions including administrative ones by the then CJI Khanna.

After an in-house inquiry panel indicted Justice Varma, he refused to resign even after being nudged by CJI Khanna, who was then compelled to write to President Droupadi Murmu and Prime Minister Narendra Modi for his impeachment.

Currently, a parliamentary panel is conducting its inquiry against Varma, a condition precedent before the impeachment.

On October 6, advocate Rakesh Kishore, now suspended, hurled a shoe towards then CJI Gavai during proceedings. He was apparently miffed over Gavai's alleged remarks on Hindu gods in an earlier proceeding.

As the incident sparked widespread condemnation, Modi spoke to the then CJI and said the attack was "reprehensible" and angered every Indian.

The year saw many path-breaking judgements on a range of issues related to public interest, politics, environment, business, crime and complex civil disputes, especially the challenges to the new Waqf (Amendment) Act, 2025 and the presidential reference.

In a boost to the Centre, the apex court said its deletion of the "waqf by user" provision in the waqf law was prima facie not arbitrary and the argument that waqf lands would be grabbed by governments held "no water".

It, however, put on hold a few provisions, including a clause that only those practising Islam for the last five years could create waqf.

The tug of war between governors and opposition-ruled states over delayed or non-grant of assent to bills passed by state assemblies culminated when President Murmu moved the SC seeking its opinion on a range of issues including whether a timeline of three months, as envisaged by a verdict penned by Justice J B Pardiwala, can be fixed for governors and the president.

Answering the reference, a five-judge bench on November 20 delivered unanimous opinion holding that the court cannot impose any timelines on governors and the president to grant assent to bills.

It, however, said governors do not have "unfettered" powers to sit on the bills for "perpetuity".

The stray dogs menace caught the apex court's attention as its two-judge bench took suo motu cognisance of a media report on canine bites leading to rabies, particularly among children, in Delhi.

A slew of directions, including permanent relocation of stray dogs from streets to shelters, created an uproar with several animal rights activists and organisations hitting the streets in protest leading to setting up of a three-judge bench to deal it afresh.

The larger bench modified on August 22 the direction prohibiting the release of vaccinated stray dogs from pounds in Delhi-NCR calling it "too harsh" and ordered the canines to be released post sterilisation and de-worming.

The spurt of cyber crime cases came under the top court's scanner as it took cognisance of the matter on December 1 asked the CBI to carry out a pan-India probe into digital arrest scam cases, especially where elderly people are duped of their hard earned monies.

The poll panel's decision to conduct special intensive revision (SIR) of electoral rolls in various states beginning from Bihar also came up for judicial scrutiny.

The issue relating to the horrific Air India Dreamliner crash in Ahmedabad that claimed 260 lives also came to the SC which said no one blamed the chief pilot of the flight for the incident.

Amid growing debate over apex court setting aside its own verdicts post retirement of the author judges, the top court on November 18 reversed its own judgement and paved the way for retrospective environmental clearance (EC) by the Centre and other authorities to projects found violating environmental norms on payment of heavy penalties.

Earlier on May 16, a Justice A S Oka-led bench had barred the Ministry of Environment, Forests and Climate Change and the authorities concerned from granting retrospective ECs to projects which are found in violation of green norms.

On September 26, the top court upheld JSW Steel's Rs 19,700-crore resolution plan for debt-ridden Bhushan Power and Steel Limited (BPSL), bringing down curtains to a prolonged legal battle that spanned nearly eight years.

However, in May, a two-judge bench had set aside a resolution plan of applicant JSW Steel Limited for BPSL and ordered its liquidation for violation of the Insolvency and Bankruptcy Code.

In another significant verdict, the SC struck down key provisions of the 2021 Tribunals Reforms law related to appointment, tenure, and service conditions of tribunal members and presiding officers, saying "Parliament cannot simply override judicial decision by reenacting" these with minor tweaks.

The SC also delivered a landmark verdict aimed at protecting lawyer-client privilege and issued a slew of directions to curb arbitrary summoning of advocates by probe agencies for rendering advice.

In a major blow to the West Bengal government, the SC invalidated the appointment of 25,753 teachers and staffers in the state-run and aided schools, calling the entire selection process "vitiated and tainted".

The cases pertaining to sensational Nithari killings, which came to light with the discovery of skeletal remains of eight children of poor background from a drain behind businessman Moninder Singh Pandher's house at Nithari in Noida on December 29, 2006, were finally closed by the SC with the rejection of CBI's appeals in 12 cases.

Surendra Koli, the only convict in one of the cases, finally walked free as the SC acquitted him of charges in the last such matter.

Former CJI Gavai led benches delivered a slew of verdicts on judiciary including the one in which it made three year experience as a lawyer mandatory for taking up entry-level judicial services exams.

In another verdict, the top court held that a judicial officer can take up exams for higher judiciary under bar quota.

Cracking its whip against social media influencers who were caught ridiculing persons with disabilities and rare genetic disorders, the SC asked the Centre to consider framing a statute to make such derogatory remarks a penal offence on the lines of the SC-ST Act.

It has also asked the Centre to frame guidelines to regulate such contents.

Vantara, Reliance Foundation's zoological rescue and rehabilitation centre, also came up under judicial scrutiny in SC which set up a probe team on August 25 headed by a former apex court judge to look into the allegations of irregularities.

It, however, got a clean chit on September 15 which was later accepted by the SC which said "no contravention of law" was found.

In a bid to enhance transparency, the SC uploaded statements of assets of judges on its website, in accordance with a full-court decision to place the relevant details in the public domain.

In a first, the apex court introduced a formal reservation policy for the direct appointment and promotion of its staffers belonging to Scheduled Castes and Scheduled Tribes categories.

In a notable development, it commenced contempt proceedings against Telangana Assembly speaker for not deciding within stipulated three-months time period the pleas seeking disqualification of some BRS MLAs who defected to the ruling Congress party.

CJI Khanna, in one of his last orders, gave a tongue lashing to BJP MP Nishikant Dubey who said that Justice Khanna was responsible for "civil wars" in the country.

"At the same time, we are of the firm opinion that courts are not as fragile as flowers to wither and wilt under such ludicrous statements," CJI Khanna said in his order. PTI ABA SJK PKS ZMN

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