The RBI updates guidelines for exchanging soiled, mutilated, or imperfect notes and coins across bank branches for public convenience, effective April 2025.
RBI issues FAQs clarifying 2023 directions on commercial bank investment portfolio classification, valuation, and operations.
India authorizes export of essential commodities to Maldives for 2025-26, with quantity limits and specific customs port restrictions.
RBI updates norms for government-guaranteed Security Receipts, affecting valuation, capital deductions, and dividend payments. Effective immediately.
On 29 March 2025, the President of India granted assent to the Finance Act 2025, marking a significant milestone in the country’s fiscal policy framework.
Notification No. 22/2025-Customs modifies import duty rates for specified goods under Notification No. 25/2021. Effective from 28th March 2025.
Finance Ministry amends Customs Notification 22/2022, effective April 1, 2025, through Notification 21/2025, altering Table I.
The Karnataka Urban Water Supply & Drainage Board receives tax exemption for specified income from FY 2023-24 to 2027-28 under Section 10(46) of the IT Act.
FSSAI allows recycled PET for food packaging under the Food Safety and Standards (Packaging) First Amendment Regulations, 2025. Effective upon Gazette publication.
CBDT amends Income Tax Rules, effective April 1, 2025, revising Form 3CD, MSME interest provisions, buyback reporting, and loan/deposit classifications.
