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NPCI Enhances Mandate Cancellation Process

April 8, 2025 1344 Views 0 comment Print

NPCI updates NACH mandate cancellation, enabling any sponsor bank to process. Banks/corporates responsible for data accuracy and confirmation. Effective 4/4/25.

Monthly Report from Development Commissioner of SEZ mandated

April 8, 2025 1662 Views 0 comment Print

India’s Commerce Department instructs SEZ Development Commissioners to submit detailed monthly performance reports by the 9th of each month.

IBBI Suspends IP for Asset Mismanagement and Regulatory Lapses

April 7, 2025 1311 Views 0 comment Print

IBBI Suspends IP for failure to preserve and protect assets of corporate debtors, non-determination of avoidance transactions, diversion of funds, improper adjudication of claims and overcharging of fees

Banking Regulation Amendment 2020 Boosts RBI’s Oversight on Co-op Banks

April 5, 2025 993 Views 0 comment Print

RBI strengthens regulation of cooperative banks with fraud management rules, governance reforms, and an ombudsman under amended banking and cooperative laws.

RRB Amalgamation: 26 Banks Merge in Phase Four

April 5, 2025 2457 Views 0 comment Print

Ministry of Finance notifies the fourth phase of Regional Rural Bank (RRB) amalgamation, consolidating 26 RRBs into larger entities for efficiency.

Kerala SGST: Pecuniary Limits under Section 74A for Proper Officers

April 5, 2025 990 Views 0 comment Print

Kerala SGST Circular 10/2025 sets officer-wise monetary limits for notices/orders under new Section 74A of GST Acts, effective now.

Amendments in TDS Deductions Under Finance Act 2025

April 4, 2025 8184 Views 0 comment Print

Changes in TDS deductions under Finance Act 2025 include revised thresholds for Sections 194A, 194H, and 80CCA. Effective from April 1, 2025.

Draft FEMA Rules on Foreign Trade Released by RBI

April 4, 2025 5088 Views 0 comment Print

RBI issues draft FEMA 2025 regulations for export/import, seeks public feedback by April 30, 2025. Aims to streamline and consolidate compliance norms.

EPFO allows one-time past dues payment via Demand Draft

April 4, 2025 996 Views 0 comment Print

EPFO allows one-time past dues payment via Demand Draft if ECR is not feasible, with conditions on verification, interest, and damages collection.

ESIC Draft Rules on Medical Benefits for Retirees

April 4, 2025 1635 Views 0 comment Print

ESIC proposes new rules for medical benefits to retired employees and spouses, open to public suggestions for 30 days from notification date.

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