The 2025 regulations overhaul how Global In-House Centres can be set up and operated in IFSCs, replacing the 2020 regime. They clarify eligibility, services, compliance, and regulatory oversight to strengthen IFSCs as global financial hubs.
A tax audit official was arrested while accepting ₹5 lakh as part of an alleged bribe to reduce a proposed tax demand. The case highlights strict action against corruption in tax administration.
The Institute proposed new guidelines allowing members in practice to advertise, aiming to enhance competitiveness with global firms while maintaining ethical safeguards.
While gross collections rose modestly, higher corporate tax inflows boosted net direct tax collections. The figures underline the continued strength of corporate tax contributions to overall revenue.
The update formally amends the Handbook of Procedures to include an additional bank for gold imports, specifying validity, scope, and consumption limits.
Description: Authorities found dumped CRNO steel imports causing material injury and future threat, leading to definitive anti-dumping duty for five years to restore fair competition.
Authorities addressed concerns over cheap chemical imports. The ruling introduces minimum CIF thresholds while exempting export-focused units from the restriction.
The case questions how data protection rules can operate when the parent Act is admittedly unenforced. It underscores that subordinate legislation cannot survive without statutory commencement.
District creation necessitated regulatory alignment. The RBI assigned Bank of Baroda as Lead Bank while keeping existing arrangements unchanged elsewhere.
SEBI clarified that reports suggesting new short selling rules from December 22, 2025 were incorrect, confirming that the existing regulatory framework continues unchanged.
