Newraise Alayam Groups Pvt Ltd and its directors fined ₹5 lakh by Chennai ROC for violating Section 12 of the Companies Act, 2013, due to failure to maintain a registered office. The company also faces penalties for not filing financial statements since incorporation.
RBI announces new measures on liquidity, financial inclusion, AI, and payment systems, including CRR reduction and FX-Retail platform expansion.
RBI’s statement discusses India’s economic growth, inflation trends, and monetary policy stance for 2024-2025 amid global economic challenges.
RBI maintains the repo rate at 6.50%, focusing on inflation control and growth support in its December 2024 policy statement.
RBI raises the limit for collateral-free agricultural loans to ₹2 lakh, effective January 1, 2025, to address inflation and rising input costs.
RBI reduces Cash Reserve Ratio by 50 basis points, effective December 14 and 28, 2024, as part of liquidity management measures.
RBI raises interest rate ceilings on FCNR(B) deposits for banks effective December 6, 2024, offering higher rates till March 31, 2025.
The Government outlines CSR’s role in energy-efficiency projects and sustainable development under the Companies Act, 2013.
Fruit protection paper bags attract 18% GST under HS Code 4819. No specific revenue data is available and no GST reduction plans have been proposed by government.
The Government reports a rise in GST collections, detailing monthly growth and 5% GST on food items.
