The government has announced an increase in Dearness Relief for 5th CPC series CPF beneficiaries receiving basic ex-gratia payments, effective July 1, 2024.
IFSCA releases regulations for KYC Registration Agencies in IFSC, outlining registration, operational, and compliance requirements for these entities.
RBI cuts repo rate by 25 bps to 6%. Standing Liquidity Facility for Primary Dealers now available at the revised rate as per April 2025 policy update.
RBI reduces Bank Rate to 6.25%. Penal interest on CRR and SLR shortfalls adjusted accordingly. Effective from April 9, 2025.
Reserve Bank of India reduces the policy repo rate by 25 basis points to 6.00% with immediate effect, adjusting SDF and MSF rates accordingly.
CBDT sets 30 April 2025 as the last date to file declarations under the Direct Tax Vivad se Vishwas Scheme, 2024.
RBI withdraws 20 circulars related to cheque processing and customer service as part of regulatory simplification under RRA 2.0 recommendations.
Indian government revises central excise duty on petrol to Rs. 13/litre and diesel to Rs. 10/litre, effective April 8, 2025.
HUDCO bonds issued after April 1, 2025, notified as long-term assets under Section 54EC for capital gains exemption, usable for infrastructure projects only.
CBDT grants tax exemption to Prayagraj Mela Pradhikaran under section 10(46A) of the Income-tax Act, effective from assessment year 2024–25.
