RBI removes the Board of New India Co-operative Bank, Mumbai, citing governance concerns. An Administrator and Advisory Committee appointed for 12 months.
SEBI mandates industry standards for audit committee and shareholder review of related party transactions, effective April 1, 2025.
CBIC updates tariff values for crude oils, metals, and areca nuts under the Customs Act, effective February 15, 2025. Check revised import duty rates.
GST clarifications on pepper, raisins, ready-to-eat popcorn, AAC blocks, and ground clearance in the 55th GST Council meeting.
Kerala SGST outlines guidelines under Section 161 for rectifying apparent errors in orders, notices, and decisions, ensuring uniform implementation.
RBI imposes operational restrictions on New India Co-operative Bank, Mumbai, limiting loans, deposits, and withdrawals. Details of the RBI directive and its impact.
India revises customs duties, imposing 100% duty on most alcoholic beverages and reducing bourbon whiskey duty to 50%, effective immediately.
India restricts premium frozen duck meat imports to 3-star and above hotels, requiring authorization for distributors. Direct imports by hotels remain unrestricted.
Kerala SGST Circular 5/2025 clarifies adjudication of Kerala Flood Cess under SGST/CGST Acts, detailing procedures for notices, adjudication, and compliance.
SEBI introduces new regulations mandating public consultation and stakeholder engagement in rule-making to enhance transparency in securities market governance.
