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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.
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.

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September 2, 2026

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New Delhi, Sep 2 (PTI) Following are the top stories at 5 PM: NATION: DEL25 RIJIJU-GDP-CONGRESS (3.36 PM)

‘Is it in state of deep intoxication?’ Rijiju slams Congress for questioning GDP numbers New Delhi: Attacking the Congress for questioning India’s GDP numbers, Union minister Kiren Rijiju on Wednesday asked if the opposition party was in a “state of deep intoxication” or had become “so swayed by their blind loathing of India's growth that they lost touch with ground reality”.

BOM24 MH-RAHUL-LD BJP-PROTEST (3.48 PM)

Rahul in Nashik: BJP accuses Cong of opposing women’s reservation; Chavan hits back with RSS jibe Mumbai: BJP leaders protested in Nashik on Wednesday against Congress MP Rahul Gandhi’s visit to the city, accusing his party of opposing women’s representation in Parliament and state assemblies.

DEL17 SIBAL-LD SIR (1.39 PM)

SIR aimed at helping BJP win polls, SC must stop bulk deletions: Sibal New Delhi: Rajya Sabha MP Kapil Sibal on Wednesday alleged that the SIR being carried out by the Election Commission is an exercise aimed at helping the BJP win elections and urged the Supreme Court to stop the "bulk deletions" taking place under it.

DEL22 UP-TEMPLE TRUST-2NDLD MEET (2.33 PM)

Ram temple trust set to appoint first CEO Ayodhya (UP): The Shri Ram Janmbhoomi Teerth Kshetra Trust is set to appoint the first full-time chief executive officer (CEO) of the Ram temple here from a shortlist of three candidates picked from 5,585 applications.

DEL24 BJP-PB-CORRUPTION (3.28 PM)

BJP alleges cash-for-transfer scam in Punjab, demands Mann'€™s resignation New Delhi: The BJP on Wednesday alleged corruption in transfer and posting of officials in Punjab and demanded that Chief Minister Bhagwant Mann immediately resign from his post to facilitate an impartial probe.

DEL30 TMC-POLICE - FIR (4.05 PM)

TMC alleges misuse of police in West Bengal against its members New Delhi: Alleging that police were being misused in West Bengal to target her party's leaders and activists, TMC Rajya Sabha deputy leader Sagarika Ghose on Wednesday said authorities were failing to upload FIRs online and serve mandatory notices to the accused.

DEL29 CONG-AIMIM-LD WAQAR (3.58 PM)

AIMIM spokesperson Syed Asim Waqar joins Congress, slams Owaisi-led outfit New Delhi: Syed Asim Waqar, who rose to prominence as an AIMIM spokesperson, joined the Congress on Wednesday and took a swipe at the Asaduddin Owaisi-led party, alleging that it pays lip service to removing the BJP from power but on the ground fights those seeking to dislodge the ruling party.

BOM23 CG- LD VICE PRESIDENT (3.04 PM)

Chhattisgarh emerges from Naxal menace; witnessing new dawn of development: V-P Radhakrishnan Raipur: Vice President C P Radhakrishnan on Wednesday said parts of Chhattisgarh had faced the grave challenge of Left Wing Extremism (LWE) for decades, but the state has now overcome the menace and is witnessing a new dawn of development, progress and prosperity.

CAL11 MN-ASSEMBLY-LD KUKI MLAs (1.49 PM)

Kuki MLAs attend Manipur Assembly session for first time since ethnic strife eruption Imphal: Kuki MLAs on Wednesday attended a session of the Manipur Assembly in Imphal for the first time since ethnic strife erupted in the state over three years ago, officials said.

LEGAL: LGD10 DL-HC-TRANSGENDER-ARREST (4.12 PM)

Take steps on formulating SOP for arresting transgender person: HC to Centre, Delhi Police New Delhi: The high court here on Wednesday asked the Centre and Delhi Police to take appropriate steps for the formulation of an SOP on the arrest and detention of transgender persons here.

LGD9 SC-BCI (1.04 PM)

Any policy decision by BCI to be taken in consultation with AG, Solicitor General: SC New Delhi: The Supreme Court on Wednesday said the Bar Council of India (BCI) has to take any policy decision in consultation with the Attorney General for India and the Solicitor General.

BOM21 MH-HC-DISHA SALIAN-2ND LD PROBE (2.00 PM)

Disha Salian death: Bombay HC orders CBI probe; raps police for delay in investigation Mumbai: The Bombay High Court on Wednesday ordered a CBI probe into the death of Disha Salian, former manager of late actor Sushant Singh Rajput, and pulled up the city police for not registering an FIR for six years, saying their investigation "raises more questions than answers".

BUSINESS: DEL34 BIZ-FSSAI-HOTELS (4.39 PM)

Strictly follow food safety norms; zero tolerance for violations: FSSAI tells 5-star hotel operators New Delhi: Sending out a strong message after multiple violations by hotels, watchdog FSSAI has asked all leading 5-star hospitality firms in the country to strictly follow food safety norms and ensure hygiene benchmarks.

DEL15 BIZ-NCLAT-CHANDRA (1.34 PM)

In personal insolvency case before NCLAT, Subhash Chandra opposes formation of 5-member NCLT bench New Delhi: Essel Group Chairman Subhash Chandra on Wednesday opposed the formation of a five-member bench by the NCLT to decide his personal insolvency case, contending that the tribunal does not have the power to constitute such a bench.

DEL21 BIZ-INDIA-RATING-UPGRADE (2.29 PM)

Japan's JCR upgrades India's sovereign rating to 'A-', cites solid growth, improved financial system New Delhi: Japanese credit rating agency JCR on Wednesday upgraded India's sovereign rating to 'A-' with a stable outlook, citing "solid" economic growth and improved financial parameters.

FOREIGN: FGN28 NEPAL-LD FLOODS (1.04 PM)

Nepal flash flood death toll rises to 1,127; rescuers race to reach thousands missing Kathmandu: The death toll from Nepal's devastating flash floods rose to 1,127 on Wednesday as rescuers are racing to find thousands still missing a week after the Himalayan disaster, police said. By Shirish B Pradhan

FGN36 NEPAL-FLOODS-PM (3.24 PM)

Nepal needs to fight Bhotekoshi floods crisis with 'determination and courage': PM Shah Kathmandu: Nepal’s Prime Minister Balendra Shah on Wednesday briefed the House of Representatives about the devastation caused by the Bhotekoshi floods, saying that “determination and courage” are needed to fight the crisis.

FGN31 PAK-SOCIALMEDIA-BAN (1.38 PM)

Pakistan's Punjab Assembly seeks ban on social media accounts for children under 16 Lahore: Pakistan's Punjab Assembly has passed a resolution seeking an effective legal ban on social media accounts for children under the age of 16, amid growing concerns over cyberbullying, online exploitation and the harmful effects of excessive screen time on minors. By M Zulqernain

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