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September 1, 2026
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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
Show AI Summary
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.
August 31, 2026
Show AI Summary
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.

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February 1, 2026

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New Delhi, Feb 1 (PTI)Following are the top stories at 9.20 pm: TOP STORIES DEL232 2NDLD BUDGET (7.54 PM)

FY27 Budget: Capex, manufacturing, tax incentives take centre stage; markets wobble on STT hike New Delhi: Finance Minister Nirmala Sitharaman on Sunday announced measures to boost manufacturing, offered long-term tax incentives for global data centres, and support for agriculture and tourism as she unveiled a Rs 53.5 lakh crore Union Budget for 2026-27, seen as a long-term blueprint for sustaining growth amid rising global risks.

PAR132 LS-LD FINANCE COMMISSION (2.07 PM)

16th Fin Comm recommends states share in Central taxes at 41 pc for 5 years till 2031 New Delhi: The 16th Finance Commission, headed by former Vice-Chairman of the Niti Aayog Arvind Panagariya, has recommended retaining states' share in Central taxes at 41 per cent for the five-year period beginning April 1, 2026.

DEL257 BUD-2NDLD CAPEX (9.04 PM) Govt hikes capex target to Rs 12.2 lakh crore for FY27 New Delhi, Feb 1 (PTI) Sustaining focus on public expenditure, Finance Minister Nirmala Sitharaman on Sunday raised the capex target to Rs 12.2 lakh crore for FY27 from the revised estimate of Rs 10.95 lakh crore for the ongoing financial year.

DEL226 BUD-DIVIDEND (7.38 PM)

Centre expects Rs 3.16 lakh cr dividend from RBI, banks in FY27 New Delhi: The Centre expects Rs 3.16 lakh crore in dividends and surpluses from the Reserve Bank of India, nationalised banks, and financial institutions in 2026-27, up about 3.75 per cent over the current fiscal.

PAR133 LS-BUDGET-SIDELIGHTS (3.49 PM)

Sitharaman skips poetry, keeps focus on investments, growth in 85-min Budget speech New Delhi: Draped in a purple Kanjivaram saree with golden checks and a coffee brown border featuring intricate thread work, Finance Minister Nirmala Sitharaman honoured the weaving traditions of her poll-bound home state of Tamil Nadu as she presented a record ninth consecutive Union Budget in the Lok Sabha on Sunday.

DEL258 PB-MODI-LD BUDGET (9.08 PM)

Budget focuses on making cities centres of development; EU trade deal to benefit Punjab: Modi Jalandhar: Prime Minister Narendra Modi on Sunday said the Union Budget 2026-27 laid huge focus on transforming Jalandhar, Ludhiana and many other cities of the country into big centres of development.

DEL231 POLL BOUND STATES-BUD-REAX (7.52 PM)

Leaders from poll-bound Kerala, West Bengal, Tamil Nadu slam Union Budget, Assam CM welcomes it New Delhi: Leaders of the ruling parties in election-bound Kerala, Tamil Nadu and West Bengal slammed the Union Budget on Sunday for "overlooking" their states, even as Himanta Biswa Sarma, the chief minister of Assam, where polls are also due this year, welcomed it.

DEL217 BUD- DEF 3RDLD-ALLOCATION (7.13 PM)

Lessons from Sindoor: India allocates Rs 7.85 lakh cr for defence; capital outlay up by nearly 22 per cent New Delhi: India on Sunday set aside Rs 7,84,678 crore as defence outlay for 2026-27 in a steep hike of 15 per cent over last year's allocation of Rs 6.81 lakh crore amid the military's renewed push to procure new weapon systems in the face of security challenges from China and Pakistan.

DEL252 BUD-MEA-LD-ALLOCATION (8.40 PM)

India zeroes out Chabahar port outlay, slashes Bangladesh aid in 2026-27 budget New Delhi: India has not allocated funds for the Chabahar port project in Iran in the Union Budget for 2026-27 and has halved the development assistance for Bangladesh to Rs 60 crore in reflection of frosty bilateral ties.

DEL260 BUD-LD OPPN REAX (9.17 PM)

Hollow and directionless Budget ignored people's hardships: Opposition New Delhi: Opposition parties on Sunday described the Union Budget as "hollow" and "directionless", claiming it failed to address key political and economic challenges in the country while expenditure had been slashed in several sectors affecting the common man.

NATION DEL221 BUD-2LD-AGRI (7.26 PM)

Budget 2026:FM launches AI tool for farmers, hikes agri & allied sector spend 7pc New Delhi: Finance Minister Nirmala Sitharaman on Sunday unveiled a comprehensive package for the livestock, fisheries and high-value agriculture sectors in Budget 2026-27, with a total allocation of Rs 1,62,671 crore for agriculture and allied activities - a 7.12 per cent increase from the revised estimate of Rs 1,51,853 crore for 2025-26.

DEL239 BUD-VAISHNAW (8.10 PM)

Investment in data centres may cross USD 200 bn, nuclear energy important to power it: Vaishnaw New Delhi: The government expects investment in data centres to cross USD 200 billion, about Rs 18.33 lakh crore, and nuclear energy will be an important component in the ecosystem to power it, Union Electronics and IT Minister Ashwini Vaishnaw said on Sunday.

DEL224 BUD-2NDLD HOME (7.32 PM)

MHA gets Rs 2.55 lakh crore in Budget; IB sees massive hike of 68 per cent in allocation New Delhi: The Union Budget 2026-27 on Sunday allocated over Rs 2.55 lakh crore to the Ministry of Home Affairs, reflecting an increase of around 9.44 per cent from the budget estimates of over Rs 2.33 lakh crore provided to it in 2025-26.

DEL181 BUD-LD EDUCATION (5.41 PM)

Education: 5 varsity townships, girls hostel in each district among major announcements in Budget New Delhi: Five university townships in the vicinity of major industrial and logistic corridors, girls hostel in every district, setting up of content creator labs in 15,000 schools and 500 colleges and reduction of the tax collection at source (TCS) rate to 2 per cent for education are among the proposals announced in the Union Budget for the education sector.

MDS71 BUD-SOUTH-POLL BOUND STATES (7.55 PM)

Union Budget: Poll-bound TN, Kerala express disappointment Chennai/Thiruvananthapuram: The ruling dispensations of Tamil Nadu and Kerala, two key poll-bound southern states on Sunday expressed strong dissatisfaction over the budgetary announcements made by Union Finance Minister Nirmala Sitharaman, with Chief Minister M K Stalin wondering why his state TN was not given something even in the election year, while his Kerala counterpart accused the Centre of neglecting the state.

DEL190 CONG-EPSTEIN-PM (6.00 PM)

Congress demands PM Modi to come clean on 'disclosures' on him made in Epstein files New Delhi: The Congress on Sunday demanded answers from Narendra Modi following “disclosures” in the Epstein files in the US that some “monsters” had access to him, and said the prime minister should come clean on the issue.

BOM24 MH-NCP MERGER-LD TATKARE (8.09 PM)

Amid merger speculation after Ajit Pawar's death, Tatkare says NCP will continue to be in NDA Mumbai: NCP Maharashtra president and Lok Sabha MP Sunil Tatkare on Sunday said his party will continue to be a part of the BJP-led NDA, asserting that the organisation will move forward on the ideology and path laid down by the late Ajit Pawar.

CAL50 AS-HIMANTA-MIYA (6.31 PM)

‘Miyas’ will face trouble till I remain CM: Himanta Goalpara (Assam): Assam Chief Minister Himanta Biswa Sarma on Sunday said "Miyas" will face "trouble" as long as he remains in power, asserting that they should face persistent problems so that they leave the state.

LEGAL LGD5 SC-WANGCHUK (2.50 PM)

SC to hear plea challenging Sonam Wangchuk's detention New Delhi: The Supreme Court is slated to hear on Monday a plea filed by Gitanjali J Angmo, the wife of jailed climate activist Sonam Wangchuk, against his detention under the National Security Act.

LGD7 GREEN-YAMUNA-DECLINING FISH (5.03 PM)

NGT asks Delhi govt, others to implement recommendation to preserve native fish species in Yamuna New Delhi: The National Green Tribunal has directed the Delhi government and other states to expeditiously implement the Central Inland Fisheries Research Centre's recommendations for the preservation of native fish species in the Yamuna river.

BUSINESS DEL241 BIZ-2NDLD-STOCKS (8.14 PM)

STT hike on Futures dampen stock market sentiment; Sensex, Nifty crash nearly 2 pc Mumbai: Benchmark stock indices Sensex and Nifty dived sharply by nearly 2 per cent on Sunday, logging their worst decline in years on a Budget day, after Finance Minister Nirmala Sitharaman proposed a hike in the Securities Transaction Tax (STT) on derivatives.

DEL237 BIZ-BUD-LD BUYBACK (8.10 PM)

Proposed share buyback framework aims to benefit small shareholders, not promoters New Delhi: To protect minority shareholders and curb tax arbitrage by promoters, Finance Minister Nirmala Sitharaman on Sunday announced a major overhaul of the taxation framework governing share buybacks.

DEL236 BIZ-BUD-INCOME TAX (8.09 PM)

TCS cut, amnesty scheme for foreign black money among taxpayer-friendly steps in Budget New Delhi: Unveiling taxpayer-friendly measures, Finance Minister Nirmala Sitharaman on Sunday reduced TCS rates on overseas medical and education expenses, and tour packages, besides allowing an extra 3 months time to file revised Income Tax returns.

FOREIGN FGN13 TRUMP-VENEZUELA-INDIA-OIL (10.58 PM)

India to buy Venezuelan oil instead of Iranian crude, claims Trump New York: US President Donald Trump has claimed that India will be purchasing oil from Venezuela instead of Iran. By Yoshita Singh

FGN27 CHINA-XI-YUAN (3.17 PM)

Xi calls for building 'strong' yuan to boost global role, challenge dollar dominance Beijing: Chinese President Xi Jinping has pitched for building a "strong currency" to expand the global use of the yuan and elevate it to the status of an international reserve, a move seen as a call to challenge the US dollar.

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