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    ED raids in Chhattisgarh PSC 'scam' case; Baghel's ex-PA raided
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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.
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.

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Customs & Trade

AAHAR 2026 – 40th Edition: Strengthening India’s role in the global food economy through a structured B2B platform

March 10, 2026

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New Delhi | 10th March 2026: At a time when the world is navigating geopolitical uncertainty, supply chain disruptions, and economic realignments, food security and food trade have become more critical than ever. In such a global environment, platforms that strengthen trade partnerships and supply chain resilience become extremely important. The 40th edition of AAHAR is therefore not just another exhibition — it is a statement of India’s growing role in the global food economy. Over the last four decades, AAHAR has evolved into one of Asia’s most respected Business-to-Business platforms for the food and hospitality sector. It connects producers, processors, exporters, technology providers, hospitality leaders and institutional buyers from across the world. As India hosts the 40th edition this year, the exhibition reflects both continuity and transformation — continuity of a trusted trade platform, and transformation in how the global food ecosystem is evolving.

AAHAR exists because trade platforms are essential for translating production strength into economic opportunity. India today is among the largest producers globally of milk, spices, rice, fruits and vegetables, and pulses. Specifically, India accounts for 24% of global milk production, commands a 25% share of the $20 billion global spices market, contributes 28% of world rice production, and leads in fruits like bananas (26% global production), mangoes (43%), and papayas (37%). However, production scale does not automatically translate into proportionate export dominance. These figures illustrate that production alone does not create economic value. Value is created when agriculture connects with processing, technology, packaging, logistics and global markets. AAHAR provides exactly this platform.

Recent export performance underscores this opportunity. In FY25, dairy exports reached 113,350 metric tonnes valued at $493 million, representing an 80% year-on-year increase. Similarly, while India produces spices at scale, it captures approximately 25% of global spice exports, exporting 1.5 million tonnes worth $4.5 billion annually. Rice exports demonstrate stronger global penetration, with India shipping 21.55 million tonnes in 2025, valued at approximately $12.95 billion in FY25, representing significant volume in global rice trade. Fruits and vegetables exports reached $1.82 billion in FY25, while pulses exports hit a record 876,000 metric tonnes from January to November 2025, with full-year projections approaching 1 million metric tonnes. These indicators underline a clear pathway: strengthen value addition and processing capability, promote technology adoption, and build structured market linkages that expand India’s presence in global food trade.

AAHAR enables this through outcomes that are clearly business-focused. It facilitates business matchmaking, export partnerships, technology exchange and investment opportunities. For entrepreneurs, processors, hospitality players and exporters, AAHAR is where real business conversations happen.

Food and hospitality is among the fastest growing sectors in India, driven by demography, rising prosperity, urbanisation, lifestyle changes, rapidly growing leisure travel, outsourcing events and the evolution of a modern market, services and supply chain infrastructure. At the heart of this growth is the food processing industry. In this context, AAHAR’s relevance extends across the complete sector—from the front end to the back end—bringing together stakeholders across food processing and hospitality solutions, and connecting them to the world.

The scale of this year’s edition demonstrates the confidence that global industry has in the platform. AAHAR 2026 features 1800+ exhibitors, including 155 international exhibitors from 17 countries, with Italy as the Partner Nation. Participants represent the entire food ecosystem including processed foods, dairy and marine products, spices and organic produce, bakery and confectionery, food processing machinery, cold chain technology, packaging innovations and hospitality solutions. This breadth makes AAHAR one of the most comprehensive food and hospitality trade events in the region.

The exhibition increasingly serves as a platform not just for physical products, but for technology solutions that enhance efficiency and sustainability across the food value chain. As global supply chains diversify, countries are looking for stable and reliable sourcing partners. India offers a unique combination of agricultural scale, skilled workforce, expanding food processing capacity, and a strong entrepreneurial ecosystem. Total agricultural and processed food exports reached approximately $49 billion in FY25, with agricultural exports constituting 11.9–13% of India’s total export basket. The food processing sector contributes 7.93–8.8% to India’s manufacturing Gross Value Added (GVA) and accounts for 12.91% of organized employment in the manufacturing sector. The role of platforms like AAHAR is to accelerate these global linkages and help Indian businesses connect with international buyers and partners.

A defining pillar of the platform is its relevance for Micro, Small and Medium Enterprises (MSMEs) and emerging entrepreneurs. AAHAR has always provided an inclusive platform for these businesses. Through dedicated startup pavilions, buyer-seller interaction sessions, and global networking opportunities, the exhibition enables smaller enterprises to connect with larger markets and institutional buyers. For many MSMEs, AAHAR is where their products first reach global buyers, where they secure their first export orders, and where they establish relationships with technology providers and logistics partners that enable scale. The government’s support through schemes like PM Formalization of Micro Food Processing Enterprises (PMFME), Production Linked Incentive (PLI) for food processing, and infrastructure development under the Pradhan Mantri Kisan Sampada Yojana (PMKSY) creates an enabling environment that platforms like AAHAR help translate into commercial opportunities.

The global food industry is increasingly focused on sustainability and responsible business practices. This includes responsible sourcing and ethical supply chains, efficient resource use particularly water and energy, sustainable packaging solutions reducing plastic use, lower carbon footprints through optimized logistics, waste reduction and circular economy principles, and organic and regenerative agriculture practices. Many exhibitors at AAHAR are showcasing innovations in these areas, reflecting the industry’s commitment to responsible growth. Sustainability is no longer a peripheral concern but a core competitive advantage in global food trade.

Chairman, ITPO Quote: The food and hospitality sector is among the fastest-growing sectors in India, driven by favourable demographics, rising prosperity, urbanisation, changing lifestyles, growing leisure and business travel, outsourcing of events, and the evolution of modern markets, services, and supply chain infrastructure.

At the core of this ecosystem lies the food processing industry.

India is already a major exporter of agricultural products. Exports of value-added products, equipment, and accessories are emerging as a new priority and are showing promising growth. Our new Free Trade Agreements will further expand export opportunities, which are vital for our farmers and the MSME sector.

AAHAR brings together all segments of this industry — from the front end to the back end — and connects them with the global market. International participation continues to grow, and for the first time, Italy is the Partner Country for this edition.

(Disclaimer: The above press release comes to you under an arrangement with NRDPL and PTI takes no editorial responsibility for the same.). PTI PWR PWR

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