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    Markets drift lower in early trade amid higher oil prices, fresh US-Iran tensions
    ED raids in Chhattisgarh PSC 'scam' case; ex CM Baghel's PA raided
    ITR filing for AY27 touches record 7.8 cr
    DRI seizes over 42 kg foreign-origin gold worth more than RS. 65 crore in crackdown on gold smuggling
    MoSPI signs MoU with Thapar Institute of Engineering & Technology, Punjab for undertaking a Research Study
    NCLT forms historic 5-member bench to decide on Subhash Chandra's Rs 6.5 cr repayment plan
    NCLT fails to arrive majority decision on Subhash Chandra's Rs 6.5 cr repayment plan
    Rupee rises 21 paise to close at 95.22 against US dollar
    Record 7.5 cr ITRs filed for AY'27, deadline ends midnight tonight
    Monthly Review of Accounts of Union Government of India upto the month of July 2026 (FY 2026-27)
    Subhash Chandra drops mention of Ambani allegations, shifts focus to settling Essel debt
    NATIONAL ACCOUNTS STATISTICS - 2026 PUBLICATION
    Commerce Secretary Shri Rajesh Agrawal Co-Chairs India-Brazil 8th Trade Monitoring Mechanism Meeting
    NPCI International and Uzbekistan’s NIPC Partner to Enable UPI Payments Across Uzbekistan via UZQR
    Flymore Aviation Expands Access to Aviation Education Through Affordable Mobile Learning App
    Rajnath to review performances of 16 defence PSUs with focus on indigenous tech, innovation
    SC dismisses SBI's plea challenging NCLAT order on PF, gratuity dues to ex-Jet Airways staffers
    Rupee rises 26 paise to close at 95.17 against US dollar
    India Has Solved Financial Access. Has It Solved Financial Confidence?
    Hyundai Capital Officially Launches Financial Services Operations in India
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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.
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.

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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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