Govt. of India withdraws Track and Trace system for drug exports; authentication will now be handled by the Ministry of Health under Drug Rules 1945.
NFRA imposes Rs. 5 lakh penalty and 5-year debarment on CA Neeraj Bansal for professional misconduct during Religare Finvest Ltd’s FY 2017-18 audit.
RBI updates framework for imposing penalties and compounding offences under the Payment and Settlement Systems Act, effective from January 2025.
Learn about the GST clarification on late fees for delayed FORM GSTR-9C filing and the impact of recent changes on late fee calculation.
SEBI introduces guidelines for external and internal evaluation of MIIs and their statutory committees, emphasizing consistency, transparency, and regulatory compliance.
CBDT authorizes data sharing with the Dept. of Food & Public Distribution to identify beneficiaries under PMGKAY as per Income-tax Act Section 138.
IRDAI caps annual premium hike for senior citizens’ health insurance at 10%, mandates prior consultation for higher revisions, and emphasizes hospital rate negotiations.
The government updates the rules for Lab Grown Diamonds exports, making additional qualifiers voluntary for diamonds under one carat while remaining mandatory otherwise.
IFSCA circular permits SNRR accounts of IFSC units to handle all business-related transactions under amended FEMA regulations, effective January 2025.
IFSCA mandates IBUs to enable internet banking for SNRR accounts of IFSC units. Quarterly status reports required until implementation begins by March 2025.
