A long-absconding accused in a ₹58 lakh customs duty drawback fraud was finally arrested. The case highlights sustained investigation and identity-tracing efforts by the agency.
RBI has issued a discussion paper inviting comments on whether licensing of new UCBs should restart. The paper outlines risks, reforms, and proposed safeguards for the sector.
The government issued a notification updating tariff value tables for key commodities, largely retaining existing values with effect from 14 January 2026.
Net direct tax collections recorded an 8.82% increase despite moderate gross growth. Lower refunds played a key role in boosting net revenues.
ICAI has updated the financial and professional eligibility norms for organizations imparting industrial training. The changes aim to standardize capacity, ensure qualified supervision, and take effect from 1 January 2026.
The regulator held that partial disclosure in balance sheet notes is insufficient under section 134. Listed companies must make clear and complete related party disclosures.
The regulator held that Annual Reports are official publications mandatorily requiring CIN disclosure. Repeated non-compliance led to the maximum penalty on both the company and its officers.
Authorised dealer banks must follow the 2026 regulations for all cross-border guarantees. The circular ensures uniform compliance and updated reporting practices.
SEBI simplified the accreditation process by allowing interim agreement execution and relaxing net-worth documentation. The move balances operational ease with investor protection.
SEBI revised the technical glitch framework to reduce compliance burden on smaller brokers and simplify reporting. The update also rationalises penalties and technology requirements.
