The amendment revises the HVDLE classification threshold from ₹1,000 crore to ₹5,000 crore. This significantly reduces governance and disclosure compliance for smaller debt-listed entities.
The issue is chronic delays in filing Food Safety Compliance Returns. The key takeaway is graded penalties and licence suspension for prolonged non-filing.
The amendment clarifies who qualifies as a retail individual investor in debt issues. It caps eligibility at ₹2 lakh to promote targeted retail participation.
RBI has issued comprehensive amendments reshaping priority sector lending targets, classifications, and compliance norms. The changes tighten calculations, clarify eligibility, and enhance transparency across banking institutions.
RBI has outlined how banks must implement the government’s interest subvention scheme for export credit, stressing strict adherence to eligibility and procedural norms.
The Central Government has notified a statutory development authority under Section 10(46A), granting income-tax exemption from AY 2024–25. The benefit is conditional on continued statutory status and specified public purposes.
The government has notified a statutory local authority for income-tax exemption under Section 10(46A). The key takeaway is that qualifying development authorities can claim tax relief from AY 2024–25 if statutory conditions are met.
The government notified an urban development authority for exemption under Section 10(46A). The benefit applies from AY 2025-26, subject to continued statutory status and prescribed objectives.
The notification keeps the export prohibition intact while carving out a narrow exception for capped exports. Up to 5 LMT of wheat flour and related products can now be exported under a special authorisation route.
The new rules require an Internal Ombudsman to review all partially resolved or rejected complaints. Banks must issue reasoned decisions and ensure fair treatment before closure.
