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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.
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
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
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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.

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News and Press Release

New Delhi Hosts 68th APO Governing Body Meeting with Focus on Regional Productivity Cooperation

May 22, 2026

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Productivity Today Means Resilience, Innovation and Inclusive Growth: Union Minister of Commerce & Industry Shri Piyush Goyal

APO National Awards Honour Productivity Champions and Technical Experts Driving Sustainable Development

The first day of the 68th Session of the Governing Body Meeting (GBM) of the Asian Productivity Organization commenced successfully today at Bharat Mandapam, bringing together senior government officials, Heads of National Productivity Organizations (NPOs), policymakers, productivity experts, and delegates from APO member economies.

The Inaugural Session was held in the distinguished presence of  Union Minister of Commerce & Industry Shri Piyush Goyal, who delivered the inaugural address as the Chief Guest.

In his inaugural address, Shri Piyush Goyal highlighted that, as the outgoing Chair of the Governing Body, India was honoured to contribute during a transformative phase for the APO, where technology, sustainability, and changing global dynamics were reshaping economies. He emphasized that productivity today extends beyond efficiency to include resilience, innovation, and inclusive growth. Highlighting India’s reforms under the visionary leadership of Prime Minister Shri Narendra Modi, he noted initiatives such as Make In India, Startup India, Skill India, the Production Linked Incentive Schemes, PM Gati Shakti National Master Plan, the National Logistics Policy, UPI, Aadhaar, and ONDC as examples of productivity-driven transformation, while reaffirming India’s commitment to regional cooperation, sustainable development, and future-ready growth through the APO.

The inaugural proceedings began with the arrival of dignitaries and the welcome of delegates by Smt. Neerja Sekhar, Director General, NPC India. She highlighted NPC’s commitment to digital transformation, green productivity, capability building, and measurable outcomes to strengthen MSMEs, enhance competitiveness, and promote sustainable and resilient economic growth. Opening remarks were delivered by Shri Amardeep Singh Bhatia, Secretary, DPIIT, Ministry of Commerce & Industry, Government of India, and APO Director for India. He stated that APO Vision 2030 and strategic reforms would strengthen institutional cooperation, governance, and outcomes-based development in all the member economies.

A major highlight of the session was the APO National Award Conferment Ceremony. Dr. V. K. Saraswat, former Member, NITI Aayog and Chair of the APO National Award Search-cum-Selection Committee, addressed the gathering and emphasized the importance of recognizing productivity champions and technical experts contributing toward national and regional productivity enhancement.

The APO National Award certificates were presented to the following distinguished productivity experts by the Shri Goyal, followed by brief remarks from the awardees acknowledging the role of productivity, innovation, and institutional excellence in achieving sustainable development:

  1. APO National Award for Productivity Advocates to Mr. Ashok Panjwani, Director, BEIL Infrastructure Limited, Bharuch, Gujarat.
  2. APO National Award for Productivity Technical Expert to Mr. Bakul Limbasiya, Founder Director, Bhathwari Technologies Pvt. Ltd., Gujarat.
  3. NPC Special Recognition Awards to:

(a) Ms. Vidushi Mittal, Director, Kalaaai Studio, Jaipur, Rajasthan. 

(b) Ms. Anshul Malhotra, Traditional Textile Conservator & Handloom Textile Designer, Krishna Wool, Mandi, Himachal Pradesh. 

(c) Mr. Akhand Pratap Singh, Founder & CEO, Vymanik Aerospace Technologies Pvt. Ltd., Greater Noida, Uttar Pradesh.

Hosted by the National Productivity Council under the aegis of the Department for Promotion of Industry and Internal Trade (DPIIT), Ministry of Commerce & Industry, Government of India, the three-day Governing Body Meeting is deliberating on key strategic and administrative matters concerning productivity enhancement and sustainable socioeconomic development across the Asia-Pacific region.

The 68th GBM also witnessed important leadership transitions. APO Director for Indonesia, Prof. Anwar Sanusi, assumed the position of APO Chair for 2026–27, succeeding APO Director for India, Shri Amardeep Singh Bhatia. The Acting APO Director for Iran and the Acting APO Director for Japan assumed the positions of First Vice Chair and Second Vice Chair of the APO, respectively.

The Vote of Thanks was delivered by Prof. Anwar Sanusi, APO Chair (2026–27), followed by a group photograph of all dignitaries and delegates.

The Day 1 proceedings commenced with the Plenary Session, during which the Governing Body considered agenda items relating to the approval of the agenda; election of the APO Chair and Vice Chairs for 2026–27; statements by the outgoing and incoming APO Chairs; adoption of annual and financial reports; appointment of auditors; recommendations of the APO Vision 2030 Steering Committee; and the APO preliminary budget for the 2027–28 biennium.

Following the inaugural programme, the Governing Body Meeting reconvened for further plenary deliberations on proposals for endorsement and progress reports concerning APO governance reforms, financial reporting standards, participation of non-member countries, and the implementation of APO Vision 2030 initiatives.

The closing ceremony of the 68th APO Governing Body Meeting will be held on 22 May 2026

About the Asian Productivity Organization (APO):
The Asian Productivity Organization is a premier intergovernmental organization committed to improving productivity for sustainable socioeconomic development in the Asia-Pacific region through mutual cooperation and policy support. Established in 1961, the APO currently has 21 member economies.

About National Productivity Council (NPC):

The National Productivity Council is an autonomous organization of DPIIT, Ministry of Commerce & Industry, Government of India, dedicated to promoting productivity culture in India through consultancy, training, research, and capacity-building initiatives.

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