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Govt Notifies Extension of RoSCTL Scheme for Apparel and Made-ups Exports

April 6, 2026 774 Views 0 comment Print

The government extended the RoSCTL scheme without changes to maintain stability for exporters. The decision ensures continued tax rebates and supports global competitiveness. It reinforces long-term policy certainty for the textile sector.

DGFT Conducts Special Drive for Expeditious Disposal of EODCs

April 6, 2026 393 Views 0 comment Print

The DGFT launched a focused campaign to expedite EODC issuance and clear pending export obligations. The initiative resulted in a sharp increase in approvals and faster processing rates. It highlights improved efficiency and reduced compliance burden for exporters.

Massive Tax Irregularities Found Due to Improper Deductions by Banks & NBFCs: CAG

April 6, 2026 3777 Views 0 comment Print

The audit found widespread incorrect claims of deductions for bad debts and reserves. It highlights the need for stricter verification and compliance mechanisms to prevent revenue loss.

DGFT restricted Export Policy for Wood Pellet & Briquette

April 6, 2026 735 Views 0 comment Print

Wood Pellet Export Shifted from Prohibited to Restricted Due to Policy Amendment & Wood Briquette Exports Restricted Despite Earlier Free Status: DGFT Amendment

IBBI Study Highlights Need for Stronger MSME Insolvency Framework Due to Pre-Admission Settlements

April 6, 2026 567 Views 0 comment Print

The study found that most MSME insolvency cases are resolved before admission, highlighting gaps in data and process efficiency. It recommends reforms to improve transparency, recovery, and early settlements.

Penalty Imposed for Failure to Conduct Board Meetings Under Companies Act

April 6, 2026 399 Views 0 comment Print

ROC imposed penalty due to non-conduct of mandatory board meetings during FY 2019–20. The ruling confirms strict compliance requirements under Section 173 of the Companies Act.

IRDAI Information and Cyber Security Guidelines, 2026

April 6, 2026 4578 Views 0 comment Print

The issue was the need to address increasing cyber risks in the insurance sector. IRDAI introduced updated guidelines with enhanced governance and security standards. The key takeaway is mandatory compliance for all regulated entities.

Income-tax Act, 2025 comes into force from 1st April, 2026

April 4, 2026 4191 Views 1 comment Print

The government replaced the six-decade-old law with the Income-tax Act, 2025. The reform aims to simplify compliance through clearer language and structure.

GSTN Clarifies Appeal Rights Due to Incorrect NIL Demand in Adjudication Orders

April 3, 2026 951 Views 0 comment Print

Taxpayers faced issues filing appeals where adjudication orders showed zero demand. GSTN clarified that such system limitations require rectification before appeals can be filed.

IRDAI releases FY 2025-26 List of Domestic Systemically Important Insurers (D-Slls)

April 3, 2026 7968 Views 0 comment Print

The issue concerns identification of systemically important insurers. The regulator retained the same entities, emphasizing their critical role and need for enhanced supervision.

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