The EPFO has simplified the process for members to seed or correct their Aadhaar in their UAN. The new process involves employers and allows members to submit physical forms in certain cases.
The Maharashtra Goods and Services Tax (Amendment) Act, 2025, introduces changes, including a new “track and trace” mechanism for certain goods, penalties for non-compliance, and amendments to input tax credit and appeal processes.
The Ministry of Finance has amended the Income-tax Rules, 1962, updating Form No. 7 to include block period alongside assessment year from September 1, 2025.
The IRDAI has directed all insurers to conduct a second Quantitative Impact Study (QIS 2) to refine the Risk-Based Capital framework. Results are due by October 15, 2025.
IRDAI has issued a warning to Acko General Insurance for violating premium collection rules. The insurer failed to strictly comply with Section 64VB(1) of the Insurance Act, 1938.
RBI directs banks, NBFCs, and other entities to implement Supreme Court’s accessibility guidelines for digital KYC, ensuring inclusion for persons with disabilities.
The Reserve Bank of India has issued its second amendment to the KYC Directions, adding provisions for persons with disabilities, clarifying rules for international transactions, and incorporating Aadhaar Face Authentication.
IBBI’s guidelines mandate continuing professional education for insolvency professionals. Learn about annual 30-credit-hour requirement and new in-person learning rules.
The Reserve Bank of India has released a report outlining the FREE-AI framework, a set of principles and recommendations for the responsible and ethical use of artificial intelligence in the financial sector.
The Central Board of Direct Taxes has granted income tax exemption to the Parambikulam Tiger Conservation Foundation on specific income types for multiple assessment years.
