RBI maintains policy repo rate at 6.50% in August 2024. Focus on controlling inflation while supporting growth. Projected GDP growth of 7.2% for 2024-25.
IRDAI mandates life insurers to submit data for specified categories to IIBI by 30 Sep 2024. Annual submissions to continue from FY 2024-25.
RBI directs Credit Institutions to report credit information to Credit Information Companies fortnightly, effective January 1, 2025, for timely credit assessment.
New Tea (Holding Inquiry and Appeal) Rules, 2024 issued under the Tea Act, 1953, detailing inquiry and appeal procedures for contraventions and penalties.
Ministry of Commerce issues rules for adjudication and appeals under the Rubber Act, 1947. Includes procedures for inquiries, penalties, and appeals.
Explore the Finance Bill 2024, detailing income tax rates, surcharges, and provisions for various taxpayers, including individuals, companies, and co-operatives.
The Railways (Amendment) Bill 2024 updates the Railways Act, 1989 by incorporating provisions of the Indian Railway Board Act, 1905, enhancing Railway Board functions.
CBDT notifies Karnataka State Natural Disaster Monitoring Centre for tax exemptions on specific incomes. Effective for AY 2021-22 to 2025-26 with conditions.
Ministry of Finance notifies Kalyan Karnataka Region Development Board’s tax exemption for grants and interest, effective for FYs 2021-22 and 2022-23.
Order for Sagar Industries’ statutory auditor’s penalty under Section 454 of the Companies Act for audit report violations. Hearing details and adjudication summary.
