ROC Delhi adjudicated penalties, on a company and its officers for failing to disclose justification for reappointing a Managing Director over 70 years old.
GST rate rationalisation provides cost relief to Bihar’s economy, benefiting Makhana farmers, Sudha dairy producers, and artisans through lower taxes on key products.
Finance Ministry Notification 43/2025 grants an exemption on Customs Duty, AIDC, and Health Cess for specified goods imported from Iceland, subject to strict adherence to Rules of Origin.
CBIC Notification 58/2025 appoints the Principal Commissioner of Customs, ACC (Import), New Delhi, as the common adjudicating authority for multiple show cause notices issued to M/s. Massimo Dutti India Pvt. Ltd.
RBI draft circular revises Intra-Group Transaction and Exposure (ITE) guidelines, linking limits to ‘eligible capital base’ and excluding certain branch exposures.
RBI directions effective Oct 1, 2025, revise the limit for foreign currency/rupee-denominated Perpetual Debt Instruments (PDIs) in Additional Tier 1 capital to 1.5% of RWAs.
RBI directions effective Oct 1, 2025, allow banks to reduce loan spread components early and make the fixed rate switch option for personal loans optional for REs.
A CBI Court in Jodhpur sentenced former Chief Commissioner of Income Tax P.K. Sharma and an ITO to 4 years jail and a fine for accepting a Rs. 15 lakh bribe.
The Ministry of Coal hails the GST Council’s reform, which removes the ₹400/ tonne Compensation Cess and raises the GST rate to 18%. This lowers the overall tax burden on coal, cuts power generation costs by 17-18 paise/kWh, eliminates inverted duty anomaly, and strengthens domestic production for AatmNirbharta.
GST rate cuts on textiles (5%), handicrafts, coir, and industrial goods will benefit Tamil Nadu. Consumers save 6–11%, while sectors like autos, knitwear, and defense gain lower input costs, supporting $10+22 lakh jobs.
