ICAI establishes a research center in Hyderabad to drive innovation in taxation, economic development, and governance, enhancing the accounting profession.
SEBI updates guidelines for capacity planning and real-time monitoring of IT systems for MIIs. Compliance required within 3 months.
SEBI expands T+0 settlement cycle in Equity Markets, adding more scrips and enabling broader participation by brokers and custodians from January 2025.
SEBI seeks public comments on a draft circular clarifying rules on associations with persons engaged in prohibited activities. Comments due by Dec 27, 2024.
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.
