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    NCLT issues notices in Subhash Chandra insolvency matter, directs not to dispose of property
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September 1, 2026
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Personal insolvency repayment plan faces fresh hearing after a split bench prevents enforcement and restrains guarantor property transfers.
Personal insolvency proceedings were reopened before a five-member special bench after a split view on a repayment plan. As no majority view existed, including that of the third member, no final order was in force and the repayment-plan determination could not be acted upon. Notices were issued to all parties, including dissenting creditors, and the guarantor was restrained from directly or indirectly alienating property pending further consideration. Dissenting creditors also challenged the repayment-plan determination before the appellate tribunal.
September 1, 2026
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Equity market sentiment weakens as higher crude prices, geopolitical tensions and tighter monetary policy expectations curb risk appetite.
Equity-market sentiment weakened as higher crude oil prices, renewed US-Iran tensions, and expectations of prolonged tight US monetary policy reduced emerging-market risk appetite. The Sensex and Nifty declined, while domestic GDP growth above projections offered partial support. Weakness in several Asian markets, a lower US market close, and net foreign institutional equity sales reinforced cautious trading conditions.
September 1, 2026
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Money laundering investigation triggers searches linked to alleged Public Service Commission irregularities, including premises of a former chief minister's assistant.
A money-laundering investigation under the Prevention of Money Laundering Act has led to searches at seven locations in Chhattisgarh in connection with alleged irregularities at the Chhattisgarh Public Service Commission. The search operation includes the premises of K. K. Chandrakar, personal assistant to former Chief Minister Bhupesh Baghel. The investigation remains at the search and inquiry stage.
September 1, 2026
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Income-tax return filing: non-audit business and professional taxpayers use applicable forms by prescribed due dates.
August 31, 2026 was the due date for taxpayers having business or professional income who were not subject to audit. Such non-audit taxpayers may use ITR-3, ITR-4, ITR-5 or ITR-7, as applicable. ITR-3 applies to individuals and Hindu Undivided Families with proprietary business or professional income, while ITR-4 is intended for small and medium taxpayers. ITR-5 applies to firms, limited liability partnerships and cooperative societies, and ITR-7 applies to trusts and charitable institutions.
September 1, 2026
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Gold smuggling enforcement targets transit abuse, concealed carriage, and border routes through coordinated seizures and arrests nationwide.
Intelligence-led enforcement against organised gold smuggling resulted in the seizure of over 42 kg of foreign-origin gold and around 10 kg of foreign-origin silver, collectively valued at more than Rs. 65 crore, and the arrest of 25 persons. Operations targeted networks using airport transit routes, airport personnel, land-border corridors, coastal routes, and domestic road transport. Gold was concealed in wax, compound, paste, raw-chain and bar forms, including through body concealment, internally secreted capsules, clothing, and specially created cavities.
September 1, 2026
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Predictive consumption-expenditure framework will use household survey data to support poverty estimation, consumption analysis, and economic planning.
MoSPI and Thapar Institute of Engineering & Technology have entered into a memorandum of understanding for a research study to develop a predictive and analytical framework for monthly consumption expenditure in India. The study will use Household Consumption Expenditure Survey data to estimate Monthly Per Capita Consumption Expenditure at national and state levels, analyse household consumption patterns, and generate evidence relevant to poverty estimation and broader economic planning.
August 31, 2026
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Personal insolvency repayment plans: conflicting views on binding dissenting creditors prompted reconsideration through an expanded adjudicatory bench.
National Company Law Tribunal constituted a five-member bench after conflicting views on a personal insolvency repayment plan left no majority position for a formal order. The central issue is whether creditor approval of the plan binds dissenting creditors and extinguishes their claims against the personal guarantor. One view preserved dissenting creditors' independent recovery rights, while another applied the creditor-approved plan uniformly to all creditors. Disagreement also concerns the Adjudicating Authority's power to examine the resolution professional's report of the creditors' meeting.
August 31, 2026
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Personal insolvency repayment plans raise unresolved questions on dissenting creditors' rights and uniform extinguishment of claims.
Personal insolvency proceedings were referred for fresh adjudication because no majority emerged on the repayment plan. The Technical Member rejected the plan; the Judicial Member confined it to consenting creditors while preserving dissentents' recovery rights; and the Third Member approved it with uniform extinguishment of all creditors' claims. The dispute concerns whether creditor approval under section 115(1) binds dissenting creditors, the effect of section 79(2)(g), and the Adjudicating Authority's power to examine the Resolution Professional's creditors' meeting report.
August 31, 2026
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Rupee exchange-rate support through suspected intervention and FCNR(B) inflows offset pressure from dollar strength and higher crude prices.
Rupee exchange-rate movement reflected a recovery from early losses to close stronger against the US dollar, amid market expectations of Reserve Bank of India support at lower trading levels. Pressure arose from higher US Treasury yields, possible US rate-hike expectations and a broad dollar rally. Suspected intervention, FCNR(B)-related foreign-currency flows and the special USD-INR forex swap facility supported sentiment, while rising crude prices, geopolitical supply risks and foreign institutional equity outflows remained adverse factors.
August 31, 2026
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Income-tax return filing for non-audit business and professional taxpayers closes at midnight, requiring use of applicable forms.
Income-tax return filing for Assessment Year 2026-27 reaches its due date on 31 August 2026 for taxpayers having business or professional income who are not subject to audit. Such taxpayers may file the applicable ITR-3, ITR-4, ITR-5 or ITR-7. ITR-3 applies to individuals and Hindu Undivided Families with proprietary business or professional income, ITR-4 to small and medium taxpayers, and ITR-5 to firms, limited liability partnerships and cooperative societies.
August 31, 2026
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Monthly fiscal accounts track receipt composition, expenditure allocation, tax devolution, interest payments, and major subsidy outgo through July.
Union Government monthly accounts through July 2026 record total receipts comprising net tax revenue, non-tax revenue and non-debt capital receipts, with tax devolution transferred to State Governments. Total expenditure is divided between revenue and capital expenditure. Revenue expenditure includes interest payments and major subsidies.
August 31, 2026
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Personal guarantor insolvency distinguishes guarantee liability from borrower debt while creditor voting challenges question repayment-plan approval.
Personal insolvency proceedings concerning personal guarantees distinguish a guarantor's liability from the underlying borrowing entities' debts. Claims against the guarantor arise from guarantees furnished for loans obtained by Essel Group-associated entities, while the borrowers' repayment obligations remain enforceable and creditors may pursue corporate assets and securities. Dissenting lenders have challenged the resolution-plan voting process, alleging that family-linked associates or related parties should have been excluded from committee of creditors voting.
August 31, 2026
Show AI Summary
National accounts revisions align GDP and sectoral estimates with updated price, production and banking service indicators.
National Accounts Statistics-2026 incorporates updated Producer Price Index, Index of Industrial Production and Banking Services Price Index series with base year 2022-23 into annual and quarterly GDP estimates. The revised indicators expand coverage, update weights and improve price mapping for national-account activities. GDP and gross value added estimates from 2022-23 onwards are revised at current and constant prices, with sector-specific effects in mining and quarrying, manufacturing, trade services, general government and departmental enterprises. Supply and Use Tables for 2022-23 and 2023-24 are also updated.
August 31, 2026
Show AI Summary
Trade facilitation and pharmaceutical market access advance through regulatory cooperation, preferential trade modernisation, and reciprocal agricultural access.
India and Brazil are advancing bilateral trade, investment and economic cooperation through a diversified partnership focused on pharmaceuticals, chemicals, engineering goods and machinery. India-MERCOSUR engagement is being pursued through early finalisation of Terms of Reference for expansion and modernisation of the Preferential Trade Agreement. Pharmaceutical market access is supported by regulatory cooperation under the CDSCO-ANVISA MoU. Agricultural trade facilitation includes phytosanitary processes, reciprocal market access work and mutual recognition of Electronic Certificates of Origin, alongside multilateral coordination through BRICS, the G20 and the WTO.
August 31, 2026
Show AI Summary
Cross-border UPI merchant acceptance enables Indian travellers to make UZQR payments at merchants throughout Uzbekistan.
Cross-border UPI merchant acceptance in Uzbekistan allows Indian travellers to make instant person-to-merchant payments through UPI-enabled applications by scanning the interoperable UZQR code. Integration with the Unified National QR infrastructure extends acceptance across retail, hospitality and service merchants. Regulatory approvals support HUMO's role as NIPL's authorised partner for cross-border merchant acceptance, reducing reliance on international cards and cash.
August 31, 2026
Show AI Summary
Mobile-first aviation education supports accessible, self-paced certification-led learning and career awareness across aviation roles and geographic locations.
Flymore Aviation LLP operates a mobile-first aviation learning platform intended to make specialised aviation education more accessible and affordable for aspiring pilots, cabin crew and other aviation-sector professionals. The app provides structured, self-paced aviation courses aimed at building industry knowledge, supporting certification-led skill development, improving career awareness and assisting employment readiness across aviation functions. Course delivery through a digital platform is positioned as an alternative to location-dependent and high-cost classroom training.
August 31, 2026
Show AI Summary
Indigenous defence technology and exports anchor the annual performance review of public sector defence enterprises.
Annual performance review of 16 Defence Public Sector Undertakings is scheduled with emphasis on indigenous technology, innovation, self-reliance and enhancement of defence exports. Chairpersons and managing directors of seven specified undertakings will present dividends attributable to the Government's equity shareholding. Publications cover self-reliance, student awareness of defence technologies, and modernisation and indigenisation roadmaps. Reported performance includes growth in turnover, profit after tax and defence exports.
August 31, 2026
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Employee provident fund and gratuity dues remain protected outside the liquidation estate despite competing financial creditor claims in insolvency proceedings.
Employee provident fund and gratuity dues of former Jet Airways workmen and employees were required to be paid in full by the liquidator. The NCLAT position upheld treats statutory employee dues relating to provident fund, gratuity and pension funds as outside the liquidation estate, protecting them from competing creditor claims. Financial creditors had argued that such dues should be distributed through the liquidation estate unless dedicated funds existed at the commencement of liquidation. The underlying questions of law remain open for an appropriate case.
August 31, 2026
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Rupee exchange-rate support amid dollar strength and oil risks as foreign-currency deposit flows bolster market sentiment.
Foreign-exchange market conditions saw the rupee recover from early losses amid possible Reserve Bank of India intervention to contain significant depreciation. Higher US Treasury yields, a broader dollar rally, rising crude oil prices and geopolitical supply risks pressured the currency. The special USD-INR forex swap facility for FCNR(B) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings mobilised foreign-exchange inflows supported by non-resident Indian participation, strengthening market sentiment.
August 31, 2026
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Financial confidence gaps persist when opaque financial journeys, dark patterns and unclear communication deter informed consumer participation.
Financial-service digitisation may expand access without ensuring consumer confidence where customers cannot understand processes, assess risks or feel secure in financial decisions. Opaque claims, redemptions, eligibility criteria and approval stages can weaken trust and discourage insurance, investment and credit participation. Hidden charges, complex documentation, forced bundling and target-driven sales practices may further impair informed choice. Greater transparency, simplified communications, real-time process visibility and AI-assisted guidance are identified as measures to reduce cognitive friction and strengthen consumer control.

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January 26, 2026

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New Delhi, Jan 26 (PTI) Following are the top stories at 5 pm: NATION DEL62 DAY-LDALL-PARADE (04:55 PM)

From Op Sindoor to indigenous missiles: India flaunts military might at 77th Republic Day New Delhi: India ushered in its 77th Republic Day on Monday with a grand display of its cultural heritage, economic growth and military might that included warplanes, indigenously-built missiles, newly-raised units and lethal weapons used during Operation Sindoor.

DEL9 DAY-SHUBHANSHU-ASHOKA CHAKRA (10:50 AM)

President Droupadi Murmu confers Ashoka Chakra to space hero Shubhanshu Shukla New Delhi: President Droupadi Murmu on Monday conferred India's highest peacetime gallantry award, Ashoka Chakra, to Group Captain Shubhanshu Shukla, who created history by becoming the first Indian to set foot on the International Space Station (ISS).

DEL7 DAY-VANDE MATARAM-PARADE THEME (10:39 AM)

R-Day Parade celebrates 150 years of 'Vande Mataram' with rare artwork display New Delhi: Prints of old paintings by artist Tejendra Kumar Mitra, illustrating the opening stanzas of 'Vande Mataram', adorned the enclosure backdrops along the Kartavya Path at the 77th Republic Day Parade here.

DEL42 DAY-PM-TURBAN (12:29 PM)

77th Republic Day: PM Modi's deep maroon, golden motif turban steals show New Delhi: Prime Minister Narendra Modi sported a deep-maroon coloured turban with a golden peacock feather motif for the 77th Republic Day celebrations, adding a dash of ceremonial elegance to the attire.

DEL60 PM-EU (04:24 PM)

EU leaders' presence at R-Day reflects growing strength of India-EU ties: PM Modi New Delhi: Prime Minister Narendra Modi on Monday said the presence of leaders of the European Union at the Republic Day celebrations underscores the growing strength of the India-EU partnership and the commitment to shared values.

DEL54 DAY-EU-LD CHIEF GUEST (02:52 PM)

A successful India makes world more stable: EU's Ursula von der Leyen New Delhi: A successful India makes the world more stable, prosperous and secure, European Commission President Ursula von der Leyen said on Monday, after witnessing the 77th Republic-Day celebrations at the majestic Kartavya Path here, a day ahead of the India-EU summit.

DEL59 INDIA-EU-SUMMIT (04:02 PM)

EU, India set to announce conclusion of FTA talks, roll out mega agenda to expand ties at summit talks New Delhi: An announcement on the conclusion of talks on an ambitious free trade deal and finalisation of a strategic defence pact as well as a mobility framework are set to be the main deliverables at the India-European Union summit talks on Tuesday.

DEL58 DAY-TRUMP-MESSAGE (03:28 PM)

US, India share a historic bond: President Trump in R-Day message New Delhi: The United States and India share a historic bond as the world's oldest and largest democracies, US President Donald Trump said on Monday as he greeted India on its 77th Republic Day celebrations.

DEL55 CONG-CENSUS (03:07 PM)

Congress questions Modi govt's intentions on caste census, seeks dialogue New Delhi: The Congress on Monday said one of the questions in the houselisting and housing census raises serious questions on the government's true intentions for the caste census and demanded it hold talks with political parties, states and civil society organisations before finalising the details of the caste enumeration exercise.

DEL57 JK-TERROR-OPERATION (03:14 PM)

Search operation extended to new areas to hunt down terrorist in JK’s Kishtwar Jammu: Despite a challenging situation in the wake of recent snowfall, the security forces on Monday extended the ongoing combing operation in the higher reaches of Jammu and Kashmir’s Kishtwar district following a fresh gunfight the previous night, officials said.

BOM13 CG-NAXAL-LD BLAST (02:58 PM)

11 security personnel injured as IEDs planted by Naxalites go off in Chhattisgarh Raipur: Eleven security personnel were injured after improvised explosive devices (IEDs) planted by Maoists went off during an anti-Naxalite operation in Chhattisgarh's Bijapur district, an official said on Monday.

DEL47 AVI-BOEING-INDIA (01:21 PM)

Dreamliners have bright future in India; expect more orders: Boeing New Delhi: US aircraft maker Boeing expects more orders for its Dreamliners in the Indian market, which is poised for substantial growth in the coming years, according to a senior company executive.By Manoj Rammohan

MDS26 KL-CPIM-LD THAROOR (04:50 PM)

Tharoor declines to comment on discussions with CPI(M), leaders dismiss move Thiruvananthapuram: Congress MP Shashi Tharoor has said that he has seen reports claiming that he had held discussions with persons associated with the CPI(M) in Dubai, but declined to comment on the matter.

LEGAL LGD2 UP-HC-LIVE-IN (02:43 PM)

Allahabad HC says live-in influenced by western ideas, sets aside life term in rape case Prayagraj: The increased tendency among the youth to opt for live-in is influenced by "western ideas", said the Allahabad High Court as it set aside the life imprisonment awarded to a man accused of kidnapping and sexually assaulting a girl after it was found that she was an adult who entered into a consensual relationship.

BUSINESS DEL53 BIZ-BUD-TEAM (02:50 PM)

Team of officials assisting Finance Minister in preparing Budget 2026-27 New Delhi: As Finance Minister Nirmala Sitharaman starts to give finishing touches to her record ninth Budget in a row, she is being assisted by an experienced team of bureaucrats at the Finance Ministry.

DEL50 BIZ-INDIA-EU FTA (02:18 PM)

Duty cuts on labour-intensive sectors, cars, wines likely part of India, EU FTA: Sources New Delhi: Import duty cuts on labour-intensive sectors such as textiles and footwear, as well as cars, and wines, are likely to be part of the free trade agreement between India and the 27-nation bloc European Union (EU), the conclusion of which is set to be announced on January 27 here, sources said.

DEL10 BIZ-INDIA-RUSSIAN-OIL (10:54 AM)

Reliance stays away from Russian oil, public sector firms lap it up Betul (Goa): Reliance Industries Ltd, India's biggest buyer of Russian crude oil, has not bought any barrels from Kremlin in January so far while state-run refiners have stepped up imports prompted by discounts hitting some USD 7 per barrel, almost triple the level seen in mid-2025.

FOREIGN FGN19 DAY-LD DIASPORA (03:06 PM)

Indians abroad celebrate 77th Republic Day; greetings pour in from world leaders Beijing/Washington: Indians across the world on Monday celebrated the 77th Republic Day with global leaders, including US President Donald Trump, Chinese President Xi Jinping and French President Emmanuel Macron and Bhutanese Prime Minister, extending their greetings, highlighting their strong friendship with India.

FGN18 CHINA-INDIA-XI (02:29 PM)

China and India are 'good neighbours, friends and partners': President Xi Beijing: Chinese President Xi Jinping on Monday described India and China as "good neighbours, friends and partners", saying that achieving "dragon and elephant dancing together" is the right choice for both countries.

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