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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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Cabinet approves Rehabilitation and upgradation of Ghoti – Trimbak (Mokhada) – Jawhar – Manor – Palghar section of NH-160A to 2 Lane /4 Lane with paved shoulder configuration with a Total Length of 154.635 km and Total Capital Cost of Rs.3320.38 crore in Maharashtra

February 16, 2026

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The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, yesterday has approved the rehabilitation and upgradation of the Ghoti–Trimbak (Mokhada)–Jawhar–Manor–Palghar section of NH-160A in Maharashtra on Engineering, Procurement and Construction (EPC) mode, with a total length of 154.635 km and a total capital cost of Rs.3,320.38 crore.

The region west of Nashik, particularly around Ambad and Satpur, hosts a dense cluster of industrial units developed by Maharashtra Industrial Development Corporation. This generates significant freight traffic. At present, this traffic moves through Nashik city via NH-848, adding pressure on urban roads. Existing major routes are already operating near Level of Service (LOS) – C levels:

NH-848 (6L) from Mumbai: 50,000–60,000 PCU/day (LOS-C: 55,000)

NH-60 (4L) from Pune: 40,000–50,000 PCU/day (LOS-C: 36,000)

Upgradation of NH-160A will provide an alternate route from these industrial areas via Triambak, bypassing the city and reducing congestion. The traffic from Mumbai (west side) and Southern side is expected to use Samrudhi Expressway through the interchange at Igatpuri on NH-848. Thereafter, the traffic would travel on NH-848 upto Ghoti and use NH-160A for travel to Trimbak and Nashik. From 2028 onwards, projected daily traffic exceeds 10,000 PCUs, qualifying the corridor for 4-laning.

The section of NH-160A extending westward from Trimbak toward Manor and Palghar connects NH-160A to Delhi-Mumbai Expressway (NE-4), NH-48 and onward to the western coastal belt, as well as tribal areas of Palghar District. Though this link is at present having 4,500 PCUs traffic, development of existing intermediate-lane carriageway to two-lanes with paved shoulders will facilitate smoother movement of both freight and passenger traffic. Also, the stretch from Manor to Palghar passes through urban built-up sections with traffic of about 12,000 PCUs, upgradation to four-lanes has been proposed for smoother movement in this urban section.

The project has been proposed in line with the PM GatiShakti principles and will connect 6 PM GatiShakti Economic Nodes, 01 Social Nodes and 8 Logistics Nodes in the State of Maharashtra. This will have a positive impact on the Logistic Performance Index (LPI) of the country.

Upon completion, the project will also facilitate smooth and safe traffic flow, substantial reduction in travel time, and a notable decrease in Vehicle Operating Cost (VOC). Additionally, the implementation of the project will enhance the basic infrastructure in the tribal region, contributing to overall economic development. The project is also estimated to generate approximately 19.98 lakh person-days of direct employment and 24.86 lakh person-days of indirect employment, besides inducing additional economic activity along the corridor.

Map of Corridor

Project Details

Feature

Details

Project Name

Rehabilitation and upgradation of Ghoti – Trimbak (Mokhada) – Jawhar – Manor – Palghar section of NH-160A to 2 Lane /4 Lane with paved shoulder configuration and in the state of Maharashtra on Engineering, Procurement and Construction (EPC) Mode.

Corridor

Sinnar to Palghar NH 160A

Length (km)

154.635

Total Civil Cost (Rs Cr.)

2594.49

Land Acquisition Cost (Rs Cr.)

725.89

Total Capital Cost (Rs Cr.)

3320.38

Mode

Engineering, Procurement and Construction (EPC) Mode

Major Roads Connected

Expressways: Delhi–Mumbai Expressway (NE-4) and Mumbai-Nagpur Samruddhi Mahamarg

National Highways: NH-848 and NH-48.

State Highways – SH-04, SH-73, SH-76, SH-77, SH-78 and SH-30

Economic / Social / Transport Nodes Connected

06 PM Gati Shakti Economic Nodes:

02 SEZs- Tarapur & Boisar, 02 Industrial Parks- Palghar & Mokhada, 02 Industrial Co-Operative Estates- Wada & Tarapur,

07 Social Nodes:

1 Tribal district- Palghar, 06 Tourist Places- Trimbakeshwar, Jawhar Rajwada, Vaitarna River, Kevla Beech, Arnala Fort, Tungeshwar Sanctuary),

08 logistics nodes:

03 Major Railway Station- Palghar Nashik & Shirdi, 03 Airport- Ozar, Shirdi & Mumbai, 02 Ports- Vadhavan & JNPT

Major Cities / Towns Connected

Trimbak (Mokhada), Jawhar, Manor, Palghar, Mumbai, Nashik

Employment Generation Potential

~19.98 lakh person-days of direct employment

~24.86 lakh person-days of indirect employment

Annual Average Daily Traffic (AADT) in FY-25

Ghoti – Trimbak section:

6,700 PCU/day

Trimbak (Mokhada) – Manor section:

4,323 PCU/day

Manor – Palghar section:

12,455 PCU/day

 

Topics

Acts Income Tax