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    ITR filing for AY27 touches record 7.8 cr
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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
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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
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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
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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
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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
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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
Show AI Summary
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.
August 31, 2026
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NBFC licensing enables Hyundai Capital India to begin wholesale dealer financing while preparing retail finance and risk-management infrastructure.
Hyundai Capital India has commenced financial services operations after obtaining a non-banking financial company licence from the Reserve Bank of India. Initial operations concentrate on wholesale financing for local automotive dealers. Operations are intended to expand the dealer-financing network, sales infrastructure and risk-management systems across India, supporting a subsequent phased introduction of retail financing for individual customers.
August 31, 2026
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Personal insolvency resolution approval faces criticism over low creditor recovery and alleged family-linked voting influence in the resolution process.
Personal insolvency resolution approval concerning Subhash Chandra involved a repayment plan of Rs 6.5 crore against admitted creditor claims exceeding Rs 22,000 crore. Objections were raised regarding the voting influence exercised by entities linked to the debtor's family in relation to the resolution process. Pinarayi Vijayan criticised the approval, alleging preferential treatment of powerful corporate interests.
August 31, 2026
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Foreign exchange market intervention seeks to limit rupee depreciation amid oil-price pressure, dollar strength, and capital outflows.
Foreign exchange market conditions put the rupee under depreciation pressure amid higher crude oil prices, geopolitical risks, stronger US dollar conditions, expectations of tighter US monetary policy and foreign equity outflows. RBI market intervention was reported to contain significant depreciation. Improved foreign-currency non-resident bank deposit flows and higher foreign exchange reserves supported investor sentiment and the external liquidity position.

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HEALTHY POPULATION A KEY PILLAR TO ENSURE RESILIENT FUTURE: ECONOMIC SURVEY 2025-26

January 29, 2026

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INDIA ACHIEVES SUCCESSFUL REDUCTION IN MMR, U5MR, NMR SURPASSING GLOBAL REDUCTION TRENDS SINCE 1990s

THE INFANT MORTALITY RATE (IMR) DROPS BY MORE THAN 37 PER CENT OVER THE PAST DECADE

ICT INNOVATIONS SUCH AS AYUSHMAN BHARAT DIGITAL MISSION (ABDM) AND E-SANJEEVANI SUPPORT UNIVERSAL HEALTH SYSTEM REFORMS

MULTI-PRONGED STRATEGY NEEDED TO TACKLE THE PROBLEM OF OBESITY, SAYS ECONOMIC SURVEY

SURVEY STRESSES ON DIETARY AND POLICY INTERVENTIONS TO ADDRESS THE PROBLEM OF ULTRA-PROCESSED FOODS

INITIATIVES LIKE PRAGYATAH FRAMEWORK AND THE ONLINE GAMING (REGULATION) ACT, 2025 INTRODUCED TO ADDRESS DIGITAL ADDICTION AMONG CHILDREN

MENTAL HEALTH ISSUES ADDRESSED THROUGH TELE-MANAS AND THE SHUT (SERVICE FOR HEALTHY USE OF TECHNOLOGY) CLINIC AT NIMHANS, BENGALURU

SURVEY HIGHLIGHTS THE ROLE OF AI AND TECHNOLOGY DRIVEN SURVEYS TO IDENTIFY ‘HEALTH HOTSPOTS’

The country has made significant improvements in increasing access to healthcare by providing better and more affordable facilities through public investment in health, including access to preventive and curative care, nutrition, and health insurance. Infant and maternal mortality rates have reduced, immunisation coverage has expanded, and access to primary healthcare services has improved. Initiatives like the National Health Mission, Ayushman Bharat, and various disease control programmes have contributed to these advancements.

The Economic Survey 2025-26 tabled in the Parliament today by the Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman, draws attention to the importance of enhancements in public health for strengthening human capital and economic productivity.

Improved Health parameters:

The Survey documented that since 1990, India has reduced its maternal mortality rate (MMR) by 86 per cent, far exceeding the global average of 48 per cent. Similarly, a 78 per cent decline in the under-five mortality rate (U5MR) was achieved, surpassing the global reduction of 61 per cent and a 70 per cent decline in the neonatal mortality rate (NMR) compared to 54 per cent globally during 1990-2023.

Notably, the infant mortality rate (IMR) marked a drop of more than 37 per cent over the past decade, declining from 40 deaths per thousand live births in 2013 to 25 in 2023. This marks improvement in the state of neonatal and maternal care, as well as overall healthcare and socioeconomic conditions.

Digital technologies for better health care: The Survey points out the use of digital technologies and ICT innovations to build integrated healthcare and insurance systems that enhance transparency, minimise fragmentation, and expand access. Initiatives such as the Hospital Management Information System, Ayushman Bharat Digital Mission (ABDM), and e-Sanjeevani have enhanced citizens' access to digital health services, created digital employment opportunities, enabled evidence-based policymaking, and improved hospital management.

New age health concerns:

Obesity: Obesity is rising at an alarming rate and is today a major public health challenge in India. Driven by unhealthy diets, lifestyle changes, including sedentary lifestyles, increased consumption of ultra-processed foods (UPFs), it is affecting people across all age groups and increasing the risk of NCDs such as diabetes, heart disease, and hypertension.

The 2019-21 National Family Health Survey (NFHS) reports that 24 per cent of Indian women and 23 per cent of Indian men are overweight or obese. More troubling still, the prevalence of excess weight among children under five has risen from 2.1 per cent in 2015-16 to 3.4 per cent in 2019-21.

Recognising obesity as a critical public health concern, the government has launched interventions to a holistic approach that integrates health, nutrition, physical activity, food safety, and lifestyle modifications. Some examples include the POSHAN Abhiyaan & Poshan 2.0, Fit India Movement, Khelo India, Eat Right India, Nationwide Awareness Campaign – ‘Aaj Se Thoda Kam. Furhter, the FSSAI has launched the ‘Stop Obesity & Fight Obesity- Awareness Initiative to Stop Obesity’.

Ultra-processed foods (UPFs) are displacing long-established dietary patterns, worsening diet quality, and are associated with increased risk of multiple chronic diseases. The survey highlights how dietary reforms should be treated as a public health priority. India is one of the fastest-growing markets for UPF sales. It grew by more than 150 per cent from 2009 to 2023. This indicates the need to popularise locally grown food, traditional foods and use traditional practices like AYUSH (such as, the promotion of Yoga) for effective management.

Digital addiction: The Survey sheds light on the growing problem of digital addiction among children. Digital addiction negatively affects academic performance and workplace productivity due to distractions, ‘sleep debt’, and reduced focus. It also erodes social capital.  The survey notes the measures taken by the government to address this problem. The CBSE has issued guidelines on safe internet use in schools and school buses.  The Ministry of Education’s Pragyatah framework guides digital education planning with attention to screen time. At the same time, the National Commission for Protection of Child Rights has issued guidelines on screen time limits and online safety. 

Mental Health crisis: Closely linked with digital addiction is the degrading mental health of the youth. There is a high prevalence of social media addiction among those aged 15-24 with multiple Indian and global studies confirming it.  Social media addiction is strongly associated with anxiety, depression, low self-esteem, and cyberbullying stress. Other issues plaguing Indian youth include compulsive scrolling, social comparison and gaming disorders. These lead to sleep disruption, aggression, social withdrawal, and depression, with adolescent populations especially vulnerable.

Hence, the Survey notes, how the government has taken multiple measures towards addressing this issue. For instance, Tele-MANAS (Tele Mental Health Assistance and Networking Across States), launched by the MoHFW in October 2022, offers a 24/7 toll-free mental health helpline (14416) across all states and UTs, connecting callers to trained professionals at no cost. The Tele-MANAS app, launched in 2024, further expanded access. The service has received over 32 lakh calls since its launch, reflecting its relevance and impact.  The SHUT (Service for Healthy Use of Technology) Clinic at NIMHANS, Bengaluru, provides specialised care for excessive and compulsive technology use, focusing on adolescents and young adults. It also conducts free online sessions for parents to support healthier screen-time practices. The Online Gaming (Regulation) Act, 2025, represents a major step to address digital addiction and financial harm among youth.

Recognizing the importance of data, the upcoming Second National Mental Health Survey (NMHS), led by NIMHANS and commissioned by MoHFW, is expected to generate empirical and actionable insights into the prevalence of mental health issues in the Indian context.

The Economic Survey suggests the establishment of offline youth hubs, particularly in urban slums and rural areas to provide alternatives to digital spaces. Recognising that digital access cannot be fully restricted, moderated online safe spaces hosted by schools or similar institutions are also suggested. Schools play a critical role in shaping digital habits and hence, they should introduce a Digital Wellness Curriculum covering screen time literacy, cyber safety, and mental health awareness.

Use of AI and technology-driven surveys: The Survey highlighted the role of technology-driven surveys using platforms like the UDISE+, AISHE, ABDM and integration of AI tools in identifying 'health hotspots' such as prevalence of obesity in urban slums or rising digital addiction in peri-urban schools. Public-private partnership can help develop frontline workers-led initiatives in India, employing technology like mobile apps, AI chatbots (ASHABot), and digital dashboards (e.g., ASHA Kirana's M-CAT and ASHA Digital Health), to effectively manage chronic conditions such as diabetes, monitor infectious diseases including COVID-19, and enhance maternal and child health outcomes.

India's health sector require unwavering focus to unlock the nation's true potential, especially in addressing interconnected new emerging issues such as the double burden of CDs and NCDs, increasing digital addiction, concerning mental health issues, poor nutrition, and increasing obesity. A holistic approach including physical and mental health is essential to ensure a resilient future.

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