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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.
August 31, 2026
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Mobile-first aviation education supports accessible, self-paced certification-led learning and career awareness across aviation roles and geographic locations.
Flymore Aviation LLP operates a mobile-first aviation learning platform intended to make specialised aviation education more accessible and affordable for aspiring pilots, cabin crew and other aviation-sector professionals. The app provides structured, self-paced aviation courses aimed at building industry knowledge, supporting certification-led skill development, improving career awareness and assisting employment readiness across aviation functions. Course delivery through a digital platform is positioned as an alternative to location-dependent and high-cost classroom training.
August 31, 2026
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Indigenous defence technology and exports anchor the annual performance review of public sector defence enterprises.
Annual performance review of 16 Defence Public Sector Undertakings is scheduled with emphasis on indigenous technology, innovation, self-reliance and enhancement of defence exports. Chairpersons and managing directors of seven specified undertakings will present dividends attributable to the Government's equity shareholding. Publications cover self-reliance, student awareness of defence technologies, and modernisation and indigenisation roadmaps. Reported performance includes growth in turnover, profit after tax and defence exports.
August 31, 2026
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Employee provident fund and gratuity dues remain protected outside the liquidation estate despite competing financial creditor claims in insolvency proceedings.
Employee provident fund and gratuity dues of former Jet Airways workmen and employees were required to be paid in full by the liquidator. The NCLAT position upheld treats statutory employee dues relating to provident fund, gratuity and pension funds as outside the liquidation estate, protecting them from competing creditor claims. Financial creditors had argued that such dues should be distributed through the liquidation estate unless dedicated funds existed at the commencement of liquidation. The underlying questions of law remain open for an appropriate case.
August 31, 2026
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Rupee exchange-rate support amid dollar strength and oil risks as foreign-currency deposit flows bolster market sentiment.
Foreign-exchange market conditions saw the rupee recover from early losses amid possible Reserve Bank of India intervention to contain significant depreciation. Higher US Treasury yields, a broader dollar rally, rising crude oil prices and geopolitical supply risks pressured the currency. The special USD-INR forex swap facility for FCNR(B) deposits, Overseas Foreign Currency Borrowings and External Commercial Borrowings mobilised foreign-exchange inflows supported by non-resident Indian participation, strengthening market sentiment.
August 31, 2026
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Financial confidence gaps persist when opaque financial journeys, dark patterns and unclear communication deter informed consumer participation.
Financial-service digitisation may expand access without ensuring consumer confidence where customers cannot understand processes, assess risks or feel secure in financial decisions. Opaque claims, redemptions, eligibility criteria and approval stages can weaken trust and discourage insurance, investment and credit participation. Hidden charges, complex documentation, forced bundling and target-driven sales practices may further impair informed choice. Greater transparency, simplified communications, real-time process visibility and AI-assisted guidance are identified as measures to reduce cognitive friction and strengthen consumer control.
August 31, 2026
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NBFC licensing enables Hyundai Capital India to begin wholesale dealer financing while preparing retail finance and risk-management infrastructure.
Hyundai Capital India has commenced financial services operations after obtaining a non-banking financial company licence from the Reserve Bank of India. Initial operations concentrate on wholesale financing for local automotive dealers. Operations are intended to expand the dealer-financing network, sales infrastructure and risk-management systems across India, supporting a subsequent phased introduction of retail financing for individual customers.
August 31, 2026
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Personal insolvency resolution approval faces criticism over low creditor recovery and alleged family-linked voting influence in the resolution process.
Personal insolvency resolution approval concerning Subhash Chandra involved a repayment plan of Rs 6.5 crore against admitted creditor claims exceeding Rs 22,000 crore. Objections were raised regarding the voting influence exercised by entities linked to the debtor's family in relation to the resolution process. Pinarayi Vijayan criticised the approval, alleging preferential treatment of powerful corporate interests.
August 31, 2026
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Foreign exchange market intervention seeks to limit rupee depreciation amid oil-price pressure, dollar strength, and capital outflows.
Foreign exchange market conditions put the rupee under depreciation pressure amid higher crude oil prices, geopolitical risks, stronger US dollar conditions, expectations of tighter US monetary policy and foreign equity outflows. RBI market intervention was reported to contain significant depreciation. Improved foreign-currency non-resident bank deposit flows and higher foreign exchange reserves supported investor sentiment and the external liquidity position.
August 31, 2026
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Psychotropic medicine diversion faces NDPS enforcement where controlled tablets allegedly travel without statutory documentation and traceability details.
Enforcement action under the Narcotic Drugs and Psychotropic Substances Act, 1985 addressed alleged inter-State diversion of psychotropic medicines transported without statutory documentation. A truck carrying Alprazolam, Tramadol, Nitrazepam and Clonazepam tablets was intercepted; the medicines and vehicle were seized and one suspect was arrested. Preliminary examination indicated erasure of identifying batch and date details and transport of region-restricted medicines without invoices, bilty or e-way bills. Investigation concerns the manufacturing, supply and distribution network involved.
August 31, 2026
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Synthetic-drug trafficking enforcement targets rail-borne amphetamine and MDMA consignments through baggage interceptions, seizures, follow-up delivery operations, and arrests.
Synthetic-drug trafficking enforcement involved two intelligence-led railway-station operations targeting amphetamine and MDMA transportation and receipt. Baggage intercepted at Bengaluru contained a crystalline substance preliminarily indicating amphetamine, while a separate Pune interception recovered substances purported to be amphetamine and MDMA tablets. The contraband and related packing material were seized under the Narcotic Drugs and Psychotropic Substances Act, 1985. Follow-up delivery action identified alleged receivers, and the carriers and alleged receivers were arrested under that statutory framework.
August 31, 2026
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India-Chile CEPA negotiations seek a balanced framework to expand trade, investment, technology cooperation and resilient supply chains.
India-Chile CEPA negotiations are being advanced toward conclusion by the end of the year through a balanced and commercially meaningful framework. The proposed partnership is intended to strengthen bilateral economic ties, expand trade and investment, and create equitable opportunities for businesses and people in both countries. Cooperation is envisaged in technology, talent and resilient supply chains, alongside enhanced engagement in healthcare, pharmaceuticals, energy, minerals, agriculture, machinery and engineering.

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A Quarter-Century of Trade. One Unbroken Connection.

September 1, 2026

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AILBIEA celebrates its Silver Jubilee on 11 September 2026 at Hotel Trident, Nariman Point, Mumbai — a full day of trade dialogue, tributes to Shri Nadir B. Godrej and Shri M. P. Tapariah, and the Stellar Awards Mumbai, India: The All India Liquid Bulk Importers & Exporters Association (AILBIEA), the apex national body for India's liquid bulk trade, will celebrate its Silver Jubilee on Friday, 11 September 2026 at Hotel Trident, Nariman Point, Mumbai — a Knowledge Conference from 10:00 a.m. to 4:00 p.m., followed by the Silver Jubilee Evening at the Regal Ballroom from 6:21 p.m. onwards, featuring special tributes to Shri Nadir B. Godrej and Shri M. P. Tapariah, and the AILBIEA Silver Jubilee Stellar Awards.

Founded in 2000, AILBIEA is the unified voice of India's liquid bulk ecosystem — chemicals, petrochemicals, solvents, edible oils, petroleum products and LPG — with leading member organisations, anchored by founding members and key partners Godrej Industries Ltd, Hindustan Unilever Ltd, Aegis Logistics Ltd, Supreme Petrochem Ltd and VVF India Ltd. For twenty-five years, it has served as a trusted bridge between industry and Government, engaging the Ministry of Finance, CBIC, the Ministries of Commerce & Industry and of Ports, Shipping & Waterways, Port Authorities and Customs Commissionerates nationwide.

The Knowledge Conference — India in Full Flow: The Decade of Demand Themed “India in Full Flow — The Decade of Demand”, the Knowledge Conference (10:00 a.m. – 4:00 p.m.) brings together industry leaders, top CEOs and CFOs, senior Ports, Revenue and Customs officials, and key policymakers across focused masterclasses and a flagship supplier-centric panel: • Global Trade Facilitation & the AEO Advantage — Dr. Joshua Ebenezer, Founder & Principal Consultant, NuCov Facili-Trade.

• Customs Integrated Systems 2.0 — senior CBIC leadership on India's next-generation customs technology backbone.

• Safeguarding the Enterprise in the GSTAT Era — Shri S. K. Rahman, IRS, Technical Member (Centre), GST Appellate Tribunal, on customs and GST dispute preparedness.

• Geopolitics & Maritime Risk — Capt. Pankaj Kapoor, Managing Partner, Quadraant Legal, on the Middle East crisis and India's sea-borne trade.

• Flagship Supplier Panel — global suppliers of edible oils, chemicals and petrochemicals, featuring Reece H. Cannady, U.S. Grains & BioProducts Council (USA), and Indrajit Vishwanath, Abacus Chemie (UAE); further Panelists to be announced.

The conference culminates in an inspiring leadership session by Capt. Raghu Raman, whose talks have been viewed over 100 million times. His four decades career, spans the hierarchy-driven culture of the Armed Forces, incentive-led organisations such as Mahindra, Reliance, Adani and the process-oriented world of bureaucracy. He was handpicked by the Government of India as the founding CEO of the National Intelligence Grid, created after the 26/11 attacks, at the rank of Secretary to GOI.

The Silver Jubilee Evening (6:21 p.m. onwards, The Regal Ballroom) features a twin tribute to Shri Nadir B. Godrej, Chairman Emeritus, Godrej Industries Ltd., an icon of Indian industry, and Shri M. P. Tapariah, Managing Director, Supreme Petrochem Ltd., a stalwart of India's petrochemicals story — followed by the AILBIEA Silver Jubilee Stellar Awards.

The occasion will also mark the official India launch of AGS 360 — India's first integrated Digital Maritime Information & Intelligence Application, bringing key port information, vessel tracking, port call estimates and maritime intelligence onto one platform. Atlantic Global Shipping (AGS) is the Digital Partner for the Silver Jubilee celebrations. Media Partners: Daily Shipping Times, EXIM India, and friends from the Logistics & Media Ecosystem.

Guests of Honour & Distinguished Dignitaries AILBIEA is proud to welcome Shri R. Venkataramani, Attorney General for India as our Most Valued Guest of Honour. Confirmation is awaited from Hon'ble Union Ministers and further senior dignitaries. Also gracing the celebrations, the leadership of India's customs and port administration: • Shri Yogendra Garg, IRS, Special Secretary (GoI) & Member (Customs), CBIC* • Dr. M. Angamuthu, IAS, Chairman, Mumbai Port Authority • Shri Gaurav Dayal, IAS, Chairman, Nhava Sheva (Jawaharlal Nehru) Port Authority • Shri Sushil Kumar Singh, IRTS, Chairman, Deendayal Port • Shri Anupam Prakash, IRS, Joint Secretary (Customs), CBIC • Shri Mayank Kumar, Principal Chief Commissioner of Customs, Mumbai Zone I • Shri Vimal Kumar Srivastava, Chief Commissioner of Customs, Mumbai Zone II They will be joined by senior officials from the Mumbai, Nhava Sheva and Kandla port and customs ecosystem, industry leadership and international trade partners. (* - tentatively confirmed, awaiting final confirmation) Advocacy That Delivers The Silver Jubilee caps a defining year: AILBIEA led a joint inter-ministerial engagement on port congestion before the Hon'ble Union Ministers of Commerce & Industry and of Ports, Shipping & Waterways; deposed before the Parliamentary Standing Committee on Commerce; was privileged to participate and speak at the National Symposium on Customs Reforms; and remains an active voice in the Customs Consultative Group.

Shri Jayant Lapsia, President, AILBIEA, said: "For twenty-five years, AILBIEA has stood on a simple conviction — when industry and Government speak with trust, trade moves faster and the nation gains. This Jubilee belongs to everyone who built that trust with us. We gather to celebrate the past and chart the next twenty-five years — together." Register for the Knowledge Conference Registration Link: https://forms.gle/u6vB6JTbCVE5VcJc9 Scan to register your interest in the Knowledge Conference.

The AILBIEA Secretariat will revert with participation details. Or register at forms.gle/u6vB6JTbCVE5VcJc9. The Silver Jubilee Evening is strictly by invitation only.

RSVP & Media Contact AILBIEA Secretariat | [email protected] | +91 22-6155 9910 / 6155 9999 | www.ailbiea.com 1011, Mighty (Universal Majestic), 10th Floor, Near RBK International Academy, Ghatkopar Mankhurd Link Road, Chembur (W), Mumbai – 400 088, India One Industry. One Voice. Twenty-Five Years of Excellence.

(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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