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September 1, 2026
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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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Corp. Laws, SEBI & IBC

Year-end review 2025: Ministry of Corporate Affairs

January 2, 2026

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Threshold limit of paid-up share capital and turnover for small companies enhanced

The Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016 on 31st December, 2025 amended to provide easier procedure for closure of government companies filing application with Registrar C-PACE under section 248(2) of the Companies Act, 2013

Annual KYC requirements under the Companies Act, 2013 replaced with abridged KYC requirements once in three years

Reforms in Merger and Acquisition Framework undertaken

 Integrated Portal and Dedicated Call Centre by IEPFA launched

General Circulars  issued to facilitate smooth transition to the MCA V3 platform, relax additional fees, extend filing timelines, and enable conduct of AGMs/EGMs through Video Conferencing (VC) or Other Audio Visual Means (OAVM)

A total of 1300 resolution plans  approved till September 2025 under Insolvency and Bankruptcy Code; creditors realised Rs. 3.99 lakh crore, which is 170.09% against liquidation value and 93.79% of the fair value

Establishment of 03 new Regional Directorates (RDs) at Chandigarh, Navi Mumbai and Bengaluru; and 06 new Registrar of Companies (RoCs) at Delhi, Mumbai, Kolkata, Noida, Nagpur and Chandigarh with effect from 1st January, 2026.

The major initiatives and achievements of the Ministry of Corporate Affairs during the year 2025 are as under:

Reforms in Merger and Acquisition Framework

In line with Para 101 of the Union Budget 2025–26, the Government amended the Companies (Compromises, Arrangements and Amalgamations) Rules, 2016 on 4th September 2025 to widen the scope of Fast Track Mergers and Demergers under Section 233 of the Companies Act, 2013.

The amendments allow the following additional classes of companies to avail fast-track mechanisms:

  • Two or more unlisted companies (other than Section 8 companies) meeting prescribed thresholds;
  • Holding and subsidiary companies, excluding cases where the transferor is a listed company;
  • Two or more subsidiaries of the same holding company, excluding cases where the transferor is a listed company.

These changes are expected to significantly reduce time and cost for corporate restructuring.

Achievements under Ease of Doing Business

The Ministry of Corporate Affairs (MCA) has undertaken several policy, regulatory, institutional and technology-driven initiatives to further simplify compliance, strengthen corporate governance, and enhance India’s business environment. Key achievements include:

1. Notification of Regulations

During 2025, the Ministry reviewed and notified a series of amendments under the Companies Act, 2013 to rationalise compliance requirements and improve transparency.

2. Circulars Issued

Several General Circulars were issued to facilitate smooth transition to the MCA V3 platform, relax additional fees, extend filing timelines, and enable conduct of AGMs/EGMs through Video Conferencing (VC) or Other Audio Visual Means (OAVM). These measures significantly reduced compliance burden on companies during the transition phase.

3. MCA vide notification no. G.S.R. 880(E) dated 01.12.2025 has enhanced the threshold limit of paid-up share capital and turnover upto Rs.10 crore and Rs.100 crore respectively for small companies.

4. The Companies (Removal of Names of Companies from the Register of Companies) Rules, 2016 have been amended on 31st December, 2025 to provide easier procedure for closure of government companies filing application with Registrar C-PACE under section 248(2) of the Companies Act, 2013.

The amendment provides that in such cases, the indemnity bond in respect of one or more directors appointed or nominated by the Central Government or State Government shall be given by an authorised representative (not below the rank of Under Secretary or equivalent) in the administrative Ministry or Department of the Government of India or the State Government on behalf of the Company. This amendment is aimed at faster closure of government companies which are eligible to apply for removal of their names from register of companies as per provisions of section 248(2) of the Companies Act, 2013.

5.The annual KYC requirement for directors in companies under rule 12A of the Companies (Appointment & Qualification of Directors) Rules, 2014 has been reviewed pursuant to examination in the Ministry of Corporate Affairs, recommendation made by the High Level Committee on Non-Financial Regulatory Reforms (HLC-NFRR) and suggestions received from stakeholders. The relevant rule in this regard matter has been amended by the M/o Corporate Affairs in consultation with concerned Ministries/ Departments.   Pursuant to the amendment in the Rules notified on 31st December, 2025 (to be effective from 31st March, 2026), annual KYC filing requirement has been replaced with a simpler KYC intimation once in every three years.  This amendment is aimed at providing significant ease of compliance to directors in all companies. 

Achievements under Investor Education and Protection Fund Authority (IEPFA)

In August 2025, IEPFA launched an Integrated Portal and Dedicated Call Centre to enable faster claim settlement and enhanced investor support.

  • The portal integrates MCA-21, NSDL/CDSL, and PFMS into a single automated workflow, reducing post-approval transfer time for shares and dividends from several months to 1–2 days.
  • Since its launch, over 24026 claims have been approved taking total approvals in the current financial year to 27231.
  • Re-notified Form IEPF-5 and Electronic Verification Report (EVR) were introduced w.e.f. 6th October 2025, enabling auto-fetching of bank details and pre-validation of shareholding data.
  • A dedicated call centre now provides faster grievance redressal and investor assistance.

These reforms have transformed claim disposal into a fully digital, transparent, and investor-friendly process.

Achievements and reforms under Insolvency and Bankruptcy Code, 2016

  • The Insolvency and Bankruptcy Code (Amendment) Bill, 2025 was introduced in the Lok Sabha on 12th August 2025 to reduce timelines, improve value maximisation, and strengthen governance. The Bill also proposes frameworks for creditor-initiated insolvency, group insolvency, and cross-border insolvency, and is presently under examination by the Select Committee of the Lok Sabha.
  • Till September, 2025, a total of 1300 resolution plans have been approved under the Code with creditors realising Rs. 3.99 lakh crore, which is 170.09% against liquidation value and 93.79% of the fair value (based on 1177 cases where fair value has been estimated). The haircut for creditors relative to the fair value of assets was around 6%, while relative to their admitted claims is around 67%.
  • As a major technology-driven reform, an integrated digital platform for the Insolvency and Bankruptcy Code (IBC) ecosystem is currently under development. The platform aims to integrate all key stakeholders and institutions forming the pillars of the insolvency framework, including National Company Law Tribunal (NCLT), Insolvency and Bankruptcy Board of India (IBBI), Information Utilities (IUs),Insolvency Professionals (IPs). This integrated technology platform is expected to significantly enhance coordination, transparency, data availability, and process efficiency across the insolvency value chain, thereby improving the ease of doing business and strengthening creditor confidence.
  • In this regard, the Project Monitoring Unit (PMU) for the iPIE project has been onboarded on 16th December, 2025. Further, the Request for Proposal (RFP) for selection of the System Integrator has been issued, and the evaluation of technical bids received in response to the RFP is currently underway.
  • These reforms, particularly the digital integration of the insolvency ecosystem, are expected to improve credit availability to businesses, reduce transaction costs, and ensure faster and more predictable outcomes. Collectively, these initiatives reaffirm the Government’s commitment to making India one of the top global destinations in Ease of Doing Business.

Achievements under Competition Law

  • Antitrust Enforcement:35 new antitrust cases were registered and 19 cases were decided by the Competition Commission of India (CCI).
  • Mergers and Acquisitions:76 combination notices were filed and 78 notices were disposed of during the period.
  • Market Study on Artificial Intelligence: CCI released its Market Study on Artificial Intelligence and Competition on 6th October 2025, providing insights into AI market structures, trends, and competition concerns.
  • Advocacy and Capacity Building: 108 outreach programmes were conducted by State Resource Persons on competition law and public procurement.

Achievements under Prime Minister Internship Scheme (PMIS)

The Prime Minister Internship Scheme, announced in Budget 2024–25, aims to provide over one crore internships over five years.

  • Pilot phase was launched in October 2024. The response from India’s youth was significant with 7.3 lakh candidates creating profiles across the two rounds. A combined total of registered 1.65 lakhs internship offers were extended, resulting in about 16,000 youth joining the internships.
  • Interns receive ₹5,000 monthly stipend through DBT model. Additionally, interns receive one-time grant of ₹6,000 to cover incidental costs upon joining. PMIS also facilitates social security coverage under PM Jeevan Jyoti Bima Yojana and PM Suraksha Bima Yojana offering life and accident insurance to interns.
  • The scheme prioritises inclusivity and provides structured 12-month, industry-linked internships across 25 sectors, including automobiles, hospitality, banking, manufacturing, FMCG and more.

Strengthening Institutional Infrastructure

To enhance regulatory reach and improve service delivery, the Ministry will operationalise 03 new Regional Directorates (RDs) at Chandigarh, Navi Mumbai and Bengaluru; and 06 new Registrar of Companies (RoCs) at Delhi, Mumbai, Kolkata, Noida, Nagpur and Chandigarh with effect from 1st January, 2026. These offices have been established keeping in view the rapid growth in the number of corporate entities and future regulatory requirements.

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