The Government clarified that banks can levy charges for non-maintenance of minimum balance as per RBI guidelines. Such fees must remain reasonable, transparent, and aligned with service costs.
The GST Council reduced the tax rate on adult and clinical diapers from 12% to 5%. The Government clarified that a complete GST exemption has not been recommended.
The GST Council reduced tax on hotel accommodation up to ₹7,500 per day from 12% with ITC to 5% without ITC. The move aims to simplify taxation and reduce consumer costs.
The notification grants scientific research approval enabling donors to claim tax deductions under Section 35. It mandates strict compliance with reporting and certification requirements.
The restoration feature ensures that insurance coverage can be reinstated after a major claim, helping maintain protection for other family members during the same policy year.
RTI Act transformed governance by allowing citizens to access official records, enhancing transparency, accountability, and public participation in democratic decision-making.
The corrigendum addresses an incorrect naming in the previous notification. It substitutes the correct title without changing the substance of the rules.
RBI introduced new disclosure requirements requiring banks to report timely payment of deposit insurance premiums to DICGC. The amendment strengthens transparency in financial reporting.
The notification allows exemption from e-way bill for vehicles moved solely for testing purposes. It clarifies that non-supply transactions can qualify for relief subject to strict compliance.
Through Notification No. 25/2026-Customs (N.T.), CBIC updated tariff values for edible oils, gold, silver, and brass scrap to reflect current price trends and ensure accurate customs duty assessment.
