The Government of India has approved an increase in Dearness Relief (DR) for Central Pensioners/Family Pensioners from 55% to 58% of basic pension, effective July 1, 2025. This rate applies to various categories, including Civilian, Armed Forces, All India Service, and Railway Pensioners.
EPFO announces the final 60-day Productivity Linked Bonus (PLB) for FY 2024-25 for eligible Group B and C staff, capped at Rs. 13,816, following a prior advance.
IFSCA launched the Foreign Currency Settlement System (FCSS), operated by CCIL IFSC Ltd. The system settles USD transactions using gross settlement, with SCB as the Settlement Bank.
CBIC introduced system-based auto-approval for IFSC code registration, ending manual port-level checks. This streamlines the process for exporters to get incentives faster and enhances Ease of Doing Business.
PFRDA extends the deadline for Central Government employees and past retirees to migrate to the Unified Pension Scheme (UPS) under NPS by two months, until November 30, 2025.
New GST cuts lower costs for Maharashtra consumers in sugar, processed foods, and medicines. Reforms also boost competitiveness for textiles, auto, IT, and defence sectors.
The RBI (Commercial Banks – Lending to Related Parties) Directions, 2025, consolidate rules for loans to promoters, directors, and connected entities, effective April 2026.
ESIC launched a one-time Amnesty Scheme (Oct 2025-Sept 2026) to settle pending court cases on ESI contribution, coverage, and damages, promoting compliance.
GST reforms lower costs across AP, making dairy, cars, and medicine cheaper. Cuts also boost fisheries, pharma, and handicrafts, strengthening state competitiveness.
RBI released draft directions for REs on related-party lending, proposing materiality thresholds, new exemptions, and enhanced reporting. Comments due by Oct 31, 2025.
