The Reserve Bank of India has opened public consultation on draft supervisory directions. Stakeholders can comment on completeness and accuracy, though substantive changes are excluded.
IFSCA has specified mandatory ICSI courses for KMPs and employees in IFSC entities. The directive requires completion by September 30, 2026, to strengthen regulatory knowledge and compliance standards.
The circular responds to reduced investor activity affecting public issue timelines. SEBI extended observation validity subject to compliance confirmation. The measure supports issuers while ensuring adherence to disclosure norms.
Even where premium limits are exceeded, death benefits continue to be fully exempt. This ensures protection for beneficiaries. The takeaway is that exemption rules differ for survival and death benefits.
The issue concerns taxation of income from online games. The law mandates a flat 30% tax regardless of skill or chance. The key takeaway is uniform taxation across all gaming activities.
Companies must maintain distinct books and furnish audit reports for the tonnage business. Non-compliance invalidates the scheme for the year. The takeaway is strict adherence to record-keeping rules.
Political parties must maintain detailed records of donors for large contributions. Lack of proper documentation can lead to denial of exemption. The key takeaway is enhanced accountability in political funding.
The issue relates to consequences of delayed return filing. Benefits such as deductions and loss carry forward are denied if returns are not filed on time. The ruling highlights strict adherence to due dates.
RBI proposes a revamped Business Correspondent framework with clearer classifications and simplified norms. The draft aims to enhance financial inclusion and improve service delivery in rural areas.
The government has notified Panoli in Gujarat as a customs area for import and export operations. The amendment expands logistics capabilities and strengthens regional trade infrastructure under the Customs Act, 1962.
