CBIC has designated a common adjudicating authority to decide several customs show cause notices issued by different commissionerates against the same importer. The move seeks to ensure consistency and avoid conflicting rulings.
The First Appellate Authority noted that the CPIO exceeded the statutory RTI timeline by one day. However, since the requested closure letter had been furnished, no further action was considered necessary.
RBI has exempted fresh FCNR(B) deposits mobilized between June 8 and September 30, 2026 from CRR and SLR requirements. The move aims to attract overseas deposits and enhance liquidity in the banking system.
RBI has exempted eligible FCNR(B) deposits from CRR and SLR requirements for urban co-operative banks. The move aims to attract foreign currency deposits and improve liquidity in the banking sector.
RBI has permitted AD Category-I banks to exclude swap positions arising from FCNR(B) deposits, ECBs and OFCBs from NOP-INR calculations. The move supports participation in RBI’s new swap facilities without breaching exposure limits.
The CBDT has identified specific categories of taxpayers whose returns will be compulsorily selected for complete scrutiny during FY 2026-27. The guidelines cover survey, search, reassessment, tax-evasion, exemption, and recurring addition cases.
SEBIs investigation found that a substantial portion of reported consolidated revenues was unsupported by verifiable subsidiary records. The interim order records a prima facie finding that the absence of underlying financial data and documentation raised concerns about the accuracy of disclosures.
ICAI has announced Live Virtual Revisionary Classes for CA Intermediate students appearing in the September 2026 examinations. The programme aims to support revision, concept strengthening, and exam preparation.
PFRDA has introduced the StAR NPS platform to enable a fully digital and assisted onboarding process for NPS subscribers. The framework aims to streamline registration, KYC verification, and contribution processing through PoPs.
The 2026 amendments significantly strengthen the role of the Committee of Creditors during liquidation by requiring approval for key decisions. The changes shift major decision-making authority from consultation mechanisms to creditor oversight.
