The 2025 Directions confine UCBs to selling only stressed loans and bar them from acting as transferees. The move aims to limit risk build-up and ensure disciplined balance-sheet clean-up.
The RBI amended fortnightly CRR and monthly SLR reporting for rural co-operative banks, redefining the fortnight and updating Form B and Form I submissions.
The RBI amended fortnightly CRR and monthly SLR reporting for commercial banks, introducing a new calendar-based definition of fortnight and updated Form A and Form VIII returns.
The government expands duty exemptions under the Diamond Imprest Authorisation to include IGST and Compensation Cess. The update enhances tax relief for eligible imports under the revised FTP 2023.
OSH&WC and Social Security Codes improve safety, health, flexible hours, and social security benefits for mine workers while streamlining compliance for employers.
SFIO investigations reveal violations under the Companies Act, leading to prosecutions and company strikes, ensuring accountability and transparency in foreign-invested firms.
Government initiatives under PMLA and Black Money Act target undisclosed crypto income, enhancing monitoring, enforcement, and compliance in the unregulated VDA sector.
RBI and government regulations align banks and NBFCs with global best practices, ensuring secure and ethical handling of customer financial data.
ICAI reinforces its global presence and leadership, promoting innovation, ethical governance, and continuous skill development for Chartered Accountants.
The High Court held that investigation material showed prima facie involvement in unlawful tender cost increases. The ruling emphasized that such allegations warrant a full trial, not discharge.
