RBI’s draft directions restrict banks from opening current/CC/OD accounts for borrowers with ₹10 crore+ exposure, aiming to enhance credit monitoring and curb fund misuse.
Tax professionals request the immediate enabling of GST Annual Return (GSTR-9) and Reconciliation Statement (GSTR-9C) for FY 2024-25 to avoid compliance hardship and synchronized Income Tax Audit.
PFRDA celebrated NPS Diwas 2025 with new pension schemes, MoU with NABARD, gig worker outreach, and discussions on strengthening India’s retirement security.
ESIC launches the Amnesty Scheme 2025 (Oct 2025-Sep 2026) to settle ESI court cases, withdrawal of prosecution, and reduce litigation burden for employers and insured persons.
IFSCA forms Payments Regulatory Board under PSS Act, 2007; approves CCIL IFSC’s Foreign Currency RTGS system in its first meeting on October 1, 2025.
NFRA’s Series 4 focuses on auditor-Audit Committee communication regarding Ind AS 36 (Impairment) and SA 540 (Accounting Estimates). It details the required audit procedures, indicators, and potential questions.
CESTAT issues instructions for e-filing appeals, detailing registration, filing process, documents, fees, and compliance with Procedure
RBI Deputy Governor addresses PSB Manthan 2025, outlining five pillars—governance, resilience, innovation, people, and inclusion—to transform PSBs for Viksit Bharat by 2047.
GST rate rationalisation provides cost relief to Bihar’s economy, benefiting Makhana farmers, Sudha dairy producers, and artisans through lower taxes on key products.
GST reforms in 2025 cut rates to 5% on Assam’s tea, handlooms, GI crops (Joha Rice, Kaji Nemu), and mid-range hotel rooms, reducing costs and boosting demand across sectors.
