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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.
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.

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HIGHLIGHTS

January 19, 2026

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New Delhi, Jan 19 (PTI) Following are the top stories at 9.15 pm: NATION DEL77 INDIA-UAE-LD-PRESIDENT (09.10 PM)

Modi hosts UAE President: Massive USD 200 bn trade target, LNG deal signed New Delhi: India and the United Arab Emirates on Monday set a target of USD 200 billion in annual trade by 2032 and agreed to seal a strategic defence pact while boosting cooperation in energy, space and civil nuclear sectors with Prime Minister Narendra Modi and UAE President Sheikh Mohamed bin Zayed Al Nahyan laying out a broad agenda to shore up ties.

DEL62 INDIA-EU-SUMMIT (07.36 PM)

India-EU Summit: Trade, defence and mobility deals on table New Delhi: India and the European Union are set to announce the conclusion of a free trade agreement, firming up of a defence partnership pact and a framework for mobility of Indian professionals at the summit talks next week, diplomatic sources said on Monday.

DEL68 BJP-LD PRESIDENT (08.11 PM)

45-year-old Nitin Nabin elected unopposed as BJP president; youngest ever New Delhi: Forty-five-year-old Nitin Nabin was on Monday elected unopposed as the BJP national president, the youngest ever to occupy the post as it seeks to further expand its influence in uncharted territories.

DEL56 JK-SEARCH OPERATION-2NDLD TERRORISTS (07.17 PM)

J-K: Paratrooper succumbs to injuries as search ops continue in Kishtwar; hideout busted Jammu: A paratrooper, who was critically injured in gunfight with terrorists, succumbed to his injuries on Monday, while the ongoing search operation uncovered a suspected terror hideout packed with rations for winter in Jammu and Kashmir's Kishtwar district, officials said.

MDS31 KL-2NDLD RAHUL GANDHI (08.24 PM)

Rahul accuses BJP of centralising power, urges UDF to address Kerala's unemployment crisis Kochi: Senior Congress leader Rahul Gandhi on Monday accused the RSS and the BJP of attempting to centralise power, while asserting that his party believes in decentralisation and strengthening grassroots democracy.

DEL76 UP-LD TECHIE-DEATH (09.10 PM)

Techie's death: CM orders SIT probe, Noida Authority CEO removed amid allegations of negligence Lucknow/Noida: The Uttar Pradesh government on Monday removed the Noida Authority CEO and ordered an SIT probe into the death of the software engineer whose car plunged into a water-filled pit at an under-construction site in Noida's Sector 150, triggering widespread outrage, protests and allegations of official and developer negligence.

DEL57 CBI-3RDLD KARUR VIJAY (07.20 PM)

CBI questions TVK party chief Vijay for over six hours; no fresh summons New Delhi: The CBI questioned TVK chief and actor Vijay for over six hours at its headquarters here for the second time in connection with the Karur stampede case, officials said.

MDS33 KA-GBA-2NDLD POLLS (08.56 PM)

Bengaluru civic body polls will be held after May 25 with ballot papers: State EC Bengaluru: Elections to the five city corporations under the Greater Bengaluru Authority (GBA) will be held after May 25 with ballot papers instead of EVMs, Karnataka State Election Commissioner G S Sangreshi said on Monday.

BUSINESS DEL70 BIZ-LD RUPEE (08.25 PM)

Rupee falls 12 paise to close tad above its all-time low at 90.90/USD Mumbai: The rupee depreciated 12 paise to close at 90.90 against the greenback on Monday, a tad above its record low closing level, weighed down by robust greenback demand from metal importers and persistent foreign fund outflows.

LEGAL LGD20 SC-WB-LD SIR (05.34 PM)

SIR: SC directs EC to display names on 'logical discrepancies' list, accept documents at gram panchayat bhavans in WB New Delhi: Observing that the Special Intensive Revision process in West Bengal should be transparent and not cause inconvenience, the Supreme Court directed the Election Commission (EC) on Monday to display the names of those on the "logical discrepancies" list at gram panchayat bhavans and block offices, where documents and objections will also be submitted.

LGD21 SC-AIRFARE (05.57 PM)

SC flags concern over exorbitant rise in airfares during festivals New Delhi: The Supreme Court on Monday said it would interfere with the "unpredictable fluctuations" in airfares and flagged the exorbitant rise during festivals.

LGD24 DL-HC-PRANNOY ROY-LD TAX (07.00 PM)

Delhi HC quashes 2016 income tax notices to Prannoy Roy, Radhika Roy New Delhi: Terming the reassessment proceedings "arbitrary" and against fundamental and constitutional rights, the Delhi High Court on Monday quashed the 2016 income tax notices to NDTV founders Prannoy Roy and Radhika Roy and asked the department to pay Rs 1 lakh to each of them as token cost.

LGD25 DL-HC-3RDLD SENGAR-ORDER (07.06 PM)

Unnao rape: Delhi HC dismisses Sengar's plea to suspend sentence in death case of survivor's father New Delhi: The Delhi High Court on Monday refused to suspend the 10-year jail term of expelled BJP leader Kuldeep Singh Sengar in the custodial death case of the Unnao rape survivor's father on the grounds of delay in trial, saying it was partly caused by the multiple applications he had filed in the matter.

LGM3 KL-HC-SABARIMALA (08.58 PM)

Kerala HC says chemical analysis report reinforces fears of replacement of gold-plates at Sabarimala Kochi: The Kerala High Court on Monday observed that its apprehensions that gold-clad copper plates of the Dwarapalaka and door frames of the Sreekovil at the Sabarimala temple were replaced stood reinforced following chemical analysis report.

FOREIGN FGN54 UK-STARMER-LD TARIFFS (07.21 PM)

Trade war in no one's interest: UK PM Keir Starmer amid Trump's tariff threats London: British Prime Minister Keir Starmer on Monday stressed that the UK and the US remain close allies and a trade war is in no one's interest amid mounting pressure from President Donald Trump’s tariff threats over his pursuit of Greenland. By Aditi Khanna

FGN46 RUSSIA-PUTIN-GAZA (05.39 PM)

Prez Putin receives US invitation to join Trump's Gaza Peace Board: Kremlin Moscow: Russian President Vladimir Putin has received an invitation to join US President Donald Trump's Gaza Peace Board, and the invitation is under consideration, the Kremlin said on Monday. By Vinay Shukla

FGN47 BANGLA-COURT-HINDU MONK (06.16 PM)

Bangladeshi court opens Hindu monk's trial over murder of lawyer Dhaka: A court in Bangladesh on Monday indicted Hindu monk Chinmoy Krishna Das and 38 others in connection with the death of a lawyer in southeastern port city of Chattogram in November 2024.

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