The guidelines clarify that relief measures will not be treated as restructuring and will not lead to asset-classification downgrade. They also require lenders to create additional provisions and ensure borrower credit histories remain unaffected.
CBIC removes export duty on cane molasses and reduces basic customs duty on crude olive pomace oil through amendments to earlier customs notifications.
Description: Proposed amendments to ICDR Regulations aim to streamline IPO compliance by addressing pledged-share lock-in issues and replacing the abridged prospectus with concise offer summaries.
ICAI and the Indian Army signed an MoU to integrate real-time UDIN verification via API, enhancing transparency, document authenticity, and fraud prevention in procurement processes.
Competition Commission imposed up to 10% of global turnover as penalty on multiple entities for rigging Pune Municipal Corporation tenders, citing deliberate collusion and repeated violations.
The Indian government imposes anti-dumping duty of USD 121.55/MT on hot-rolled flat steel from Vietnam to prevent injury to domestic industry. Goods from Hoa Phat Dung Quat Steel JSC are exempt.
IBBI suspended an insolvency professional for including a related party in Committee of Creditors, violating Section 21(2) of Insolvency and Bankruptcy Code.
The Union Minister announced major GST and duty reductions on medicines and medical devices to make treatments more accessible and strengthen India’s healthcare affordability.
A High Level Committee set up by SEBI reviewed policies on conflict of interest and disclosures for its Members and Officials, recommending stronger governance and transparency measures.
Court stayed reassessment notices issued under Section 148, holding that proceedings must comply with the amended faceless regime under the Finance Act, 2021.
