RBI updates lead bank responsibilities after Rajasthan’s district reorganisation; roles for Jaipur and Jodhpur modified, others retained or revoked.
The Government of India has increased the Dearness Relief for Central Government Pensioners and Family Pensioners to 55% effective January 1, 2025
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.
