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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.
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
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.

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News and Press Release

NATIONAL ACCOUNTS STATISTICS - 2026 PUBLICATION

August 31, 2026

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The Ministry of Statistics and Programme Implementation (MoSPI) has released the “National Accounts Statistics – 2026” publication for the base year 2022-23. The publication provides comprehensive and detailed estimates of national income, production, expenditure and other key macroeconomic aggregates of the Indian economy. This serves as an important source of information for policymakers, researchers, analysts and other stakeholders for assessing the performance and structural changes in the Indian economy.

2.   The publication presents a set of sixty statements based on the updated Final Estimates for the financial years 2022–23 and 2023–24, and First Revised Estimates for 2024–25, encompassing the following broad category of estimates:

  • Macro-Economic Aggregates: Gross Domestic Product (GDP), National Income, Per-capita income, price and quantum indices;
  • Statements on Production and Value Added: Sectoral output, intermediate consumption, and GVA breakdowns by economic activity;
  • Statements on Consumption and Expenditure: Private Final Consumption Expenditure (PFCE), Government Final Consumption Expenditure (GFCE);
  • Statements on Savings and Capital Formation:  Institutional sector savings covering households, the corporate sector, and general government; Capital Formation by industry of use, asset type, and institutional sector;
  • Public Sector and External Transaction: Public sector transactions, external transactions accounts reflecting international trade and external flows.

3.  Also, the publication covers four statements on updated Provisional Estimates of GDP for the year 2025-26 and the quarterly estimates of GDP from 2022-23 to 2025-26.

4.  The publication incorporates the updated estimates of annual and quarterly estimates on account of using new series of output Producer Price Index (PPI), Index of Industrial Production (IIP), and Banking Services Price Index (BkSPI) with the base year 2022-23 released during June 2026, and updated data from administrative sources.

5.  The aforesaid new indicators with base year 2022-23 have shown structural updates by expansion in their commodity baskets and quotations over previous series, and methodological alignment with the international standards. Commodity basket of PPI included several emerging items and dropped obsolete items which were in the old series of WPI. The broader item coverage and updated weights in PPI provide improved mapping of price measures to the activities covered in the national accounts. Similarly, IIP (Base: 2022-23) shown greater coverage of items and quotations and uses PPI in place of WPI as one of its underlying price-related inputs. BkSPI (Base: 2022-23) enables compilation of growth in actual physical volume and transactional activity of banking services over time.

6.  The incorporation of these updated indicators has resulted in revisions to the annual and quarterly estimates of GDP from 2022–23 onwards, both at current and constant prices. At constant prices, the revisions are more visible in sectors where the PPI is used as a price measure in place of old WPI. At current prices, revisions in GVA are primarily associated with updated estimates of General Government and Departmental Enterprises. Such revision is mainly due to updated estimates of Net Fixed Capital Stock and Consumption of Fixed Capital (CFC) owing to incorporation of PPI series.

7.   The impact of the updated indicators varies across sectors depending upon their use in the estimation methodology and the extent of changes in the underlying indicators. For example, the revision in the constant price GVA of Mining & Quarrying is associated with the incorporation of the new IIP series, which is based on the revised base of the index of mineral production compiled by the Indian Bureau of Mines. In Manufacturing, the expanded coverage of the PPI has improved the mapping of price measures to the relevant activities, resulting in revisions to the estimates. Trade services have also been updated through the use of PPI in place of WPI. In Public Administration and Ownership of Dwelling, revisions in current-price estimates have correspondingly updated the constant-price estimates.

8.  The revisions for 2025–26 are relatively broader in nature, as the estimates for this year are also impacted by the updation of the benchmark estimates for the previous year, in addition to the use of the new series of PPI and IIP.

9.  The Supply and Use Tables (SUTs) for 2022–23 and 2023–24 have also been updated to incorporate the above indicated changes. The revised SUTs along with the accompanying ‘Methodological Note’ are available on the official website of MoSPI at https://www.mospi.gov.in/publications-reports/innerpage/847.

10.  The resulting changes in the level and growth rates of GDP at current and constant prices for FY 2022–23 to FY 2025–26 are presented below:

FY

At Current Prices

At Constant Prices

GDP (in Rs. Crore)

GDP Growth Rate (%)

GDP (in Rs. Crore)

GDP Growth Rate (%)

Previously Released

Updated

Previously Released

Updated

Previously Released

Updated

Previously Released

Updated

2022–23

 2,61,17,627

2,61,77,001

 

 

 2,61,17,627

 2,61,77,001

 

 

2023–24

2,89,83,909

2,90,73,287

11.0%

11.1%

 2,80,00,767

 2,80,94,358

7.2%

7.3%

2024–25 (FRE)

3,18,07,309

3,17,98,524

9.7%

9.4%

 2,99,88,619

 3,01,15,428

7.1%

7.2%

2025–26 (PE)

3,46,35,638

3,45,36,796

8.9%

8.6%

3,23,12,034

3,24,70,100

7.7%

7.8%

FRE: First Revised Estimates; PE: Provisional Estimates

11.       The detailed estimates may be accessed from the statements of ‘National Accounts Statistics – 2026’ publication as per the Annexure, which is available for download on the MoSPI website at: https://mospi.gov.in/publications-reports/innerpage/2861.

Annexure

National Accounts Statistics - 2026: List of Statements

Ser.  No.

Name of the Statement

1.

Key aggregates of national accounts at current and constant prices

2.

Per Capita Income, Product and Final Consumption at current and constant prices

3.

Price and Quantum Indices

4.

Output by Economic activity and Capital formation by Industry of use at current and constant prices

5.

Gross Value Added (GVA) by economic activity at current and constant prices

6.

Percentage Share of GVA by economic activity at current and constant prices

7.

Percentage change in GVA by economic activity at current and constant prices

8.

Net Value Added by economic activity at current and constant prices

9.

Consumption of Fixed Capital (CFC) by economic activity at current and constant prices

10.

Finances for Gross Capital Formation (GCF) at current prices

11.

Gross Capital Formation by industry of use at current and constant prices

12.

Gross Fixed Capital Formation (GFCF) by asset & institutional sector at current and constant prices

13.

Private Final Consumption Expenditure at current and constant prices

14.

FISIM by uses - Intermediate Consumption and Expenditure at current prices

15.

Institutional Sectoral Accounts-Key Economic Indicators at current prices

16.

Value added by central and state governments at current and constant prices

17.

Expenditure of General Government classified by function, COFOG at current prices

18.

Private final consumption expenditure classified by item at current and constant prices

19.

Individual consumption expenditure by households and general government at current and constant prices

20.

Financial assets and liabilities of the household sector at current prices

21.

Detailed external transactions accounts at current prices

22.

Selected aggregates of external transactions at constant prices

23.

Output, value added, CE, OS/MI, by industry at current prices

24.

Output, value added, CE, OS/MI, by industry - Public Sector at current prices

25.

Output, value added, CE, OS/MI, by industry -Private Corporations at current prices

26.

Output, value added, CE, OS/MI, by industry -Households at current prices

27.

GCF, GFCF, Change in Stock (CIS), CFC, by industry at current and constant prices

28.

GCF, GFCF, CIS, CFC, by industry - Public Sector at current and constant prices

29.

GCF, GFCF, CIS, CFC, by industry - Private Corporations at current and constant prices

30.

GCF, GFCF, CIS, CFC, by industry - Households at current and constant prices

31.

GFCF by type of asset and by industry at current prices

32.

GFCF by type of asset and by industry - Public Sector at current prices

33.

GFCF by type of asset and by industry - Private Corporations at current prices

34.

GFCF by type of asset and by industry - Households at current prices

35.

Net Capital Stock by industry of use at current prices

36.

Net Capital Stock by industry of use - Public Sector at current prices

37.

Net Capital Stock by industry of use - Private Corporations at current prices

38.

Net Capital Stock by industry of use - Households at current prices

39.

Output & Value Added from crop sector at current and constant prices

40.

Crop-wise value of output at current and constant prices

41.

Output & Value Added from livestock at current and constant prices

42.

Output & Value Added from forestry and logging at current and constant prices

43.

Output & Value Added from fishing & aquaculture at current and constant prices

44.

Output & Value Added from mining & quarrying at current and constant prices

45.

Output from manufacturing in Corporate Sector at current and constant prices

46.

Value Added from manufacturing in Corporate Sector at current and constant prices

47.

Output from manufacturing in Household Sector at current and constant prices

48.

Value Added from manufacturing in Household Sector at current and constant prices

49.

Output & Value Added from electricity, gas, water supply & other utility services at current and constant prices

50.

Output & Value Added from construction at current and constant prices

51.

Output and Value Added from trade, repair services, hotels & restaurants at current and constant prices

52.

Output & Value Added from transport services at current and constant prices

53.

Output & Value Added from storage, communication & services related to broadcasting at current and constant prices

54.

Value Added from financial services at current and constant prices

55.

Output & Value Added from real estate, ownership of dwelling & professional services at current and constant prices

56.

Output & Value Added from other services at current and constant prices

57.

Output, value added, CE, OS/MI, by industry - General Government at current prices

58.

Output, value added, CE, OS/MI, by industry – Departmental Enterprises at current prices

59.

Output, value added, CE, OS/MI, by industry – Non-Departmental Enterprises at current prices

60.

Depreciation as provided in book of accounts at current prices

61

Provisional Estimates of National Income and Other Macro Economic Aggregates, 2025-26

62

Provisional Estimates of Gross Value Added by Economic Activity at Basic Prices, 2025-26

63

Quarterly Estimates of GDP along with Expenditure Components at Constant Prices

64

Quarterly Estimates of GDP along with Expenditure Components at Current Prices

 

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