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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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HIGHLIGHTS

January 5, 2026

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New Delhi, Jan 5 (PTI) Following are the top stories at 9 pm: NATION DEL42 LD ALL SC-DELHI RIOTS (7.28 PM)

Delhi riots: SC denies bail to Umar Khalid, Sharjeel Imam; Umar says this is his life now New Delhi: The Supreme Court on Monday refused bail to activists Umar Khalid and Sharjeel Imam in the 2020 Delhi riots conspiracy case but granted it to five others, citing "hierarchy of participation" and putting the two on a “qualitatively different footing”.

DEL39 OPPN-UMAR-LD SHARJEEL (6.54 PM)

Oppn questions denial of bail to Umar, Sharjeel; flags Gurmeet Ram Rahim's 15th parole New Delhi: Opposition leaders on Monday raised questions over the Supreme Court denying bail to activists Umar Khalid and Sharjeel Imam in the 2020 Delhi riots conspiracy case, while pointing out that rape convict Dera Sacha Sauda chief Gurmeet Ram Rahim has been repeatedly granted parole.

DEL47 MEA-INDIA-IRAN-ADVISORY (8.17 PM)

India urges citizens to avoid non-essential travel to Iran New Delhi: India on Monday urged its nationals to avoid non-essential travel to Iran as the country has been rocked by a wave of protests over inflation and currency devaluation.

DEL45 VENEZUELA-CONG (7.36 PM)

US' unilateral actions in Venezuela transgressed settled principles of international law: Cong New Delhi: The Congress expressed grave concern on Monday over the US' unilateral actions in Venezuela, saying those transgressed settled principles of international law.

DEL43 BJP-LD DELHI RIOTS (7.31 PM)

Cong must apologise for supporting 'tukde-tukde gang': BJP on SC's denial of bail to Umar, Sharjeel New Delhi: The BJP on Monday said that the Supreme Court order denying bail to Umar Khalid and Sharjeel Imam in the 2020 Delhi riots conspiracy case is a "big slap" on the Congress' face and demanded that the opposition party apologise for supporting the "tukde-tukde gang".

CAL37 WB-MAMATA-4TH LD RALLY (8.29 PM)

Mamata to move court on Jan 6 against 'arbitrary' SIR, flags human suffering; BJP hits back Gangasagar: Chief Minister Mamata Banerjee on Monday said she would move court against the EC's SIR of electoral rolls in West Bengal, alleging fear, harassment and administrative arbitrariness that she claimed had led to deaths and hospitalisations, as she sharpened her confrontation with the poll body ahead of the assembly polls.

DEL46 DEF-ARMYCHIEF (7.58 PM)

Army Chief Gen Dwivedi holds talks with UAE's top commander New Delhi: Army Chief Gen Upendra Dwivedi on Monday held wide-ranging talks with Commander of the United Arab Emirates (UAE) Land Forces, Major General Yousef Maayouf Saeed Al Hallami, with a focus on expanding bilateral military cooperation.

CAL39 AS-2ND LD QUAKE (8.43 PM)

Three injured as 5.1-magnitude quake hits Assam Guwahati/Morigaon: At least three people were injured in an earthquake of 5.1 magnitude, which jolted central Assam in the early hours of Monday, officials said.

Minor damage was also caused to some houses in Morigaon district, they said.

MDS24 AP-2NDLD GAS LEAK (7.39 PM)

Gas leak at ONGC well in Andhra sparks inferno, four-km radius evacuated Mori (Andhra Pradesh): A gas leak at an ONGC well here in Dr BR Ambedkar Konaseema district operated by its production contractor sparked an inferno on Monday, leading to the evacuation of two villages within a four-km radius.

MDS22 ISRO-DEX-DUST (7.30 PM)

ISRO''s DEX detects interplanetary dust particles ''bombardment'' on earth Bengaluru: ISRO's maiden home-made dust detector instrument has detected interplanetary dust particles (IDP), which are "a cosmic invader striking every thousand seconds" on earth, the space agency said on Monday.

LEGAL LGD39 SC- 3RD LD DELHI RIOTS (8.30 PM)

Delhi riots case: SC says allegations against Umar, Sharjeel prima facie true, refuses bail; 5 others get relief New Delhi: Observing that reasonable grounds exist for believing that allegations against Umar Khalid and Sharjeel Imam are prima facie true, the Supreme Court on Monday refused bail to them in the 2020 Delhi riots conspiracy case but granted it to five others, saying all the accused do not stand on the same footing.

LGD 26 SC -DELHI RIOTS LD INVOLVEMENT (6.17 PM)

The Supreme Court on Monday said prosecution material suggests that activists Umar Khalid and Sharjeel Imam were involved in "planning, mobilisation and strategic direction" of the 2020 Delhi riots, as it denied them bail in the conspiracy case.

LGD35 SC-CUSTOMS DUTY (8.00 PM)

SC allows Adani Power's appeal, sets aside Gujarat HC order over levy of customs duty New Delhi: The Supreme Court on Monday set aside the Gujarat High Court's 2019 verdict which had declined to grant relief to Adani Power Limited over levy of customs duty on electrical energy generated in its power plant located in an SEZ and supplied to the domestic tariff area (DTA).

BUSINESS DEL33 BIZ-AIR INDIA-CEO (5.57 PM)

Tata Group looking for new chiefs for Air India, Air India Express Mumbai: The Tata Group has begun scouting for a suitable candidate to head Air India, as the tenure of the incumbent, Campbell Wilson, will end next year, sources have said.

DEL37 BIZ-TRAI-PESKYCALL (6.40 PM)

Trai imposes penalty worth Rs 150 cr on telecom operators for failure to curb spam calls, messages New Delhi: The telecom regulator Trai has imposed a penalty of Rs 150 crore on telecom operators for their failure to curb spam calls and messages, according to an official source.

FOREIGN FGN32 US-TRUMP-LD MODI (7.22 PM)

'Modi knew I wasn't happy': Trump on India's Russian oil purchases New York/Washington: US President Donald Trump has said that Prime Minister Narendra Modi knew "I was not happy" with India's purchases of Russian oil and that Washington could raise tariffs on New Delhi "very quickly." By Yoshita Singh

FGN27 CHINA-INDIA-VISA (6.18 PM)

India introduces new e-Business visa to facilitate easy travel for Chinese nationals Beijing: India has introduced an e-Production Investment Business Visa called e-B-4 Visa that Chinese businessmen can apply for to travel to India for specific business activities, including installation and commissioning of equipment. By K J M Varma

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