Authorities uncovered a web of non-existent entities issuing invoices without supply, causing huge GST revenue loss. The mastermind was arrested under cognizable and non-bailable CGST Act offences.
The 2025 amendments to the IFSCA (Performance Review Committee) Regulations enhance transparency, ethical standards, and risk management oversight for improved regulatory governance.
The IFSCA has proposed a regulatory framework defining how investment advisers can provide implementation services in IFSC, seeking stakeholder feedback by December 3, 2025.
Description: Proposed amendments to ICDR Regulations aim to streamline IPO compliance by addressing pledged-share lock-in issues and replacing the abridged prospectus with concise offer summaries.
Clarifies rules on footwear labeling, retail price declaration, and verification of weighing instruments under the Legal Metrology Act, 2009.
The DRI seized 11.88 kg of gold and arrested 11 people in a coordinated crackdown on a sophisticated gold-smuggling and melting operation.
ICAI and the Indian Army signed an MoU to integrate real-time UDIN verification via API, enhancing transparency, document authenticity, and fraud prevention in procurement processes.
The Union Minister announced major GST and duty reductions on medicines and medical devices to make treatments more accessible and strengthen India’s healthcare affordability.
Net direct tax collections grew by 7% year-on-year, driven by higher corporate and non-corporate tax inflows and a reduction in refunds.
SEBI issues draft circular for public comments on clarifications and modalities to maintain pro-rata rights of investors in Alternative Investment Funds.
