The Reserve Bank of India has issued its second amendment to the KYC Directions, adding provisions for persons with disabilities, clarifying rules for international transactions, and incorporating Aadhaar Face Authentication.
The Ministry of Corporate Affairs has amended the Companies (Indian Accounting Standards) Rules, 2015, impacting financial reporting and liability classifications.
The RBI is transitioning its Cheque Truncation System to a new continuous clearing and settlement model, aiming for faster processing and payment release.
The Central Board of Direct Taxes has granted income tax exemption to the Parambikulam Tiger Conservation Foundation on specific income types for multiple assessment years.
Insolvency and Bankruptcy Code Amendment Bill 2025 proposes creditor-led insolvency, group and cross-border resolution, governance changes, and procedural clarity to improve IBC implementation.
RBI permits non-resident Vostro account holders to invest surplus rupee funds in Central Government Securities, aiming to boost international trade settlements.
The Ministry of Road Transport & Highways introduces a new annual FASTag pass for non-commercial vehicles, effective August 15, 2025, allowing for 200 crossings.
DGFT has issued a notification restricting imports of certain jute goods from Bangladesh to India, allowing entry only through Nhava Sheva Seaport.
SEBI has amended its FPI regulations. The changes introduce exemptions for foreign investors who invest solely in Government Securities, simplifying compliance.
A summary of Taxation Laws (Amendment) Bill, 2025, which introduces new tax exemptions for pension schemes and updates rules for international funds.
