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September 1, 2026
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Money-laundering investigation into alleged District Mineral Fund diversion examines purported liaison activity and asset acquisition through proceeds of crime.
Money-laundering proceedings under the Prevention of Money Laundering Act concern alleged diversion of District Mineral Fund resources through the Chhattisgarh Seed Corporation. The investigation alleges siphoning of public funds by contractors in collusion with government officials and political executives. A businessman was identified as an alleged liaisoner and financial coordinator between public servants, district authorities and private vendors. Allegations also include receipt of commissions, acquisition of immovable assets from purported proceeds of crime, non-production of records, and contradictory statements during questioning.
September 1, 2026
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Foreign exchange market dynamics: rupee appreciation reflected portfolio inflows, domestic growth, and possible central-bank intervention amid external pressures.
The rupee appreciated against the US dollar, supported by domestic growth, controlled fiscal slippage, portfolio-related inflows and possible Reserve Bank of India intervention. Its gains were limited by weak equity markets, rising crude oil prices and a stronger dollar. External geopolitical tensions and hawkish US monetary signals remained potential pressures. Domestic indicators showed strong economic activity, while the current account deficit widened because of a higher merchandise trade deficit. Foreign portfolio inflows continued despite investors remaining net sellers during the year.
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.

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Kiteskraft unveils their latest publication, The Power List to announce the mentors and change-makers that are shaping progress in India

February 12, 2026

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CHANDIGARH, India, Feb. 12, 2026 /PRNewswire/ -- Kiteskraft Productions LLP proudly presents The Power List: Minds and Missions Redefining Success Beyond conventional roles, they stand as mentors and change-makers, inspiring ethical leadership, creativity, and social responsibility. Through visionary impact and community engagement, they shape progress and leave a lasting legacy for future generations. Dr. Zareena Sultana : Dr. Zareena Sultana is a distinguished academic leader known for anchoring educational progress in human values amid rapid technological change. With over three decades of experience, she blends humanistic scholarship, ethical governance, and future-ready vision in higher education. She currently serves as Professor and Dean, Students' Welfare at ISL Engineering College, Hyderabad, where she has built inclusive, student-centric ecosystems extending beyond academics to well-being, leadership, employability, and social responsibility. A PhD in English and post-doctoral researcher in multilingualism, she strongly advocates integrating language, ethics, and culture into professional education. Trained in AI leadership through IIM Bangalore, she champions ethical, human-centred use of technology. Beyond campus, she serves as Telangana State Secretary of NHRCI and National Member of WHRPC, contributing to rights-based education and justice. An IIT Bombay NEC mentor, published scholar, poet, and award-winning educator, Prof. Dr. Sultana exemplifies compassionate leadership shaping future-ready, values-driven global citizens worldwide today. Dr. Kavita Khullar : Dr. Kavita Khullar is a leader whose journey reflects resilience, purpose, and the quiet strength of flowing water—ever moving, ever evolving. Guided by the belief that anything worth doing must be done with full commitment, she has built her success on positivity, discipline, punctuality, devotion, and unwavering faith in the Almighty. Inspired by Mahatma Gandhi's words, "Live as if you were to die tomorrow, learn as if you were to live forever," she approaches each day with passion, purpose, and gratitude. As a leader, Dr. Khullar emphasizes excellence in small details, thoughtful planning, and collaborative teamwork. Known for her calm, balanced decision-making, she avoids haste and negativity, choosing clarity, empathy, and constructive solutions. A lifelong learner, humanitarian, nature lover, and mentor, she continues to grow through constant learning, professional development, and self-reflection. Her journey demonstrates that true leadership is not about authority, but consistency, compassion, courage, purpose, and impact. Dr. A.V. Srinivasan: Dr. A.V. Srinivasan's extraordinary journey in Indian neurology reflects a lifetime devoted to healing, education, and compassion. A distinguished neurologist from Chennai, he has spent over five decades advancing neurological science through clinical excellence, research, and selfless service. His work has not only strengthened neurological practice in India but also brought hope and dignity to countless patients through humane, ethical care. In April 2024, he created history as the first Indian to receive the prestigious General Neurology Award from the American Academy of Neurology, recognizing his global impact on neuroscience and medical education. The same year, he was honored with the Lifetime Achievement Award by Scientific Laurel, presented by eminent personalities including Virender Sehwag and Saina Nehwal, celebrating his enduring leadership and service. Beyond professional recognition, Dr. Srinivasan's commitment to society remains exceptional. For more than 600 consecutive weeks, he has provided free consultations, medicines, and food to tens of thousands of underserved patients. His influence continues to guide leaders. Joydeep Mukherjee: Joydeep Mukherjee is among India's most visionary classical instrumentalists, seamlessly blending ancient tradition with bold innovation. A rare master of seven classical instruments—Sarod, Mohanveena, Sursingar, Tanseni Rabab, Sur-Rabab, Dilbahar, and Nabadeepa—he belongs to the revered Senia Shahjehanpur Gharana and is the only artiste preserving the complete legacy of Pt. Radhika Mohan Maitra across all seven instruments. Honoured with the Sangeet Natak Akademi's Ustad Bismillah Khan Yuva Puraskar, he gained nationwide recognition when Prime Minister Narendra Modi acknowledged his revival of rare instruments on Mann Ki Baat in 2023. His performances span the G20 Leaders' Summit, major national and international festivals, and India's 75th Republic Day celebrations. In 2025, he reached a historic milestone by patenting four classical instruments and designing a four-octave Sarod, expanding tonal depth and expression. A Ministry of Culture Fellow and ICCR-empanelled artiste, he continues to preserve, innovate, and globalise India's classical music heritage worldwide. Dr. Mishil Sandeep Parikh: Dr. Mishil Parikh is a Consultant in the Department of Surgical Oncology at Sir H. N. Reliance Foundation Hospital. He graduated from Dr. D. Y. Patil Medical College, Navi Mumbai, and completed his M.S. and M.Ch. in Orthopaedics at the same institution, followed by advanced training in musculoskeletal oncology at Tata Memorial Hospital, Mumbai. Among India's youngest orthopaedic oncosurgeons, Dr. Parikh runs an exclusive musculoskeletal oncology practice. He has performed over 1,550 surgeries and managed more than 2,000 cases involving bone and soft tissue tumours. He currently serves as Chairperson of the Under-40 Sarcoma Surgeons group of the International Society of Limb Salvage and is an active member and Webmaster of the Bombay Orthopaedic Society. Dr. Parikh has authored over 25 scientific publications, serves on editorial boards of multiple journals, and is a founder-member of the Sarcoma Education Foundation, a non-profit dedicated to training young orthopaedic oncologists nationwide professionals. Sreeraj G. Pai: Sreeraj G. Pai is a committed financial professional known for expertise in inspection, compliance, and operational excellence within India's cooperative credit sector. He serves as Senior Inspection Officer at the Indian Cooperative Credit Society Limited, where he ensures branch operations meet regulatory, risk, and quality standards. His work spans audits, risk assessment, performance evaluation, and strengthening financial transparency, supporting institutional stability and public trust. Beyond his core role, Sreeraj actively contributes through research and thought leadership in capital markets, risk management, and regulatory developments. He holds professional memberships with the All India Management Association and the Kerala Management Association, reflecting dedication to continuous learning and industry engagement. Through an active LinkedIn presence, he promotes education, skill development, and emerging technologies shaping modern finance. With strong ethics, analytical discipline, and a growth-oriented mindset, Sreeraj represents a new generation of finance professionals focused on resilience, accountability, and sustainable progress, nationwide impact. Milli Arora: Milli Arora is a multifaceted spiritual practitioner whose work harmoniously blends intuition, healing, and artistic devotion. A gifted tarot reader, artist, naturopath, reiki healer, numerologist, and crystal healer, she is dedicated to guiding individuals toward emotional balance, spiritual clarity, and inner transformation. As Chairperson of Heart and Soul and Proprietor of Hari Bol, her journey is deeply rooted in faith, service, and compassion. A devoted soul, she creates sacred paintings of Hari, expressing her spiritual beliefs through art that radiates peace and devotion. Beyond personal practice, she actively serves as a companion and jury member for organizations such as Heart and Soul, Earth Saviours Foundation, and Gurukul Sainik Vihar, supporting social upliftment and spiritual growth. Her contributions have earned her several prestigious honors, including the Harmony Women Achievers Award, Kohinoor-e-Taj Achiever's Award, and Renowned Healer Award. Through healing, devotion, and service, Ms. Arora continues to inspire and uplift lives. Dr. B. Nandha Kumar: Dr. B. Nandha Kumar, born on June 25, 1972, in Athigaratty Village, Ooty, The Nilgiris, is a distinguished leader known for academic excellence, professional achievement, and deep commitment to community empowerment. Inspired by his father, J. Bheeman, a National Teacher's Awardee, he imbibed strong values of integrity, education, and perseverance early in life. He holds a B.Sc. in Computer Science, a B.Ed., an MBA in Marketing and Human Resources, and a Ph.D. in Management from Golden State University, USA. With over three decades of experience across banking, NBFCs, healthcare, and FMCG sectors, he served in senior roles at Muthoot Fincorp and HDFC Bank, earning multiple performance and leadership awards. Since 2022, as Director of the Janaasha Group, he has driven financial inclusion, innovation, and social responsibility, empowering communities through savings, literacy, and sustainable growth initiatives. His vision blends ethical leadership with strategic foresight and long-term societal impact, nationwide development. Babita Hundal: Babita Hundal is a renowned professional artist based in Mohali, Punjab, with roots in Ferozepur and over 44 years of artistic experience. Her professional journey began with her first solo exhibition in Chandigarh in 1987, followed by solo shows in New Delhi in 1992 and Panchkula. She also worked as a Textile Designer at L'affair, Greater Kailash, New Delhi. From 2008 to 2017, she served as an artist at an institution in Mohali. Since 2017, she has participated in numerous national and international group exhibitions, both online and offline. Her achievements include multiple awards, medals, and trophies, along with recognitions from Guinness World Records, Harvard World Records, and other global platforms. Notable works such as "Smooth Sail" and "Unveil the Desire" were celebrated as showstoppers. Her artworks are collected across India and internationally, reflecting the universal appeal and depth of her artistry. Supported by strong academic training. Gulnaz Parveen: "Real leadership is not about position; it is about persistence when no one is watching," says Gulnaz Parveen. Gulnaz Parveen's journey from school principal to founder and businesswoman reflects a modern leadership model rooted in purpose and perseverance. As a principal, she worked closely with students, teachers, and parents, gaining deep insight into everyday educational realities. While academic success mattered, she identified gaps in life skills, emotional intelligence, and leadership development for educators. These observations shaped her vision for systemic, long-term change. She founded AIM – All Inspirational Mentors, a professional training initiative that empowers principals and teachers through modern pedagogy, classroom leadership, and positive school culture. Expanding her impact, she developed curriculum content, school books, and reflective learning journals integrating discipline, ethics, and self-awareness. Her commitment to social responsibility led to the creation of Arsh Group Trust and Arsh Inspiration, supporting education, mentorship, and value-based learning through community and digital platforms. About Kiteskraft Productions LLP: Kiteskraft Productions LLP, founded in 2019, is a leading organizer of national and international conferences and award ceremonies across education, business, healthcare, NGOs, and entertainment. ISO and MSME certified, it recognizes excellence, fosters collaboration, and delivers impactful events. Recognized by the Scholar's Book of World Records. Photo: https://mma.prnewswire.com/media/2901950/Kiteskraft_The_Power_List.jpg' alt='Embedded Media' /> (Disclaimer: The above press release comes to you under an arrangement with PRNewswire and PTI takes no editorial responsibility for the same.). PTI

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