The Directions mandate robust KYC and AML/CFT controls for AIFIs with immediate effect. The key takeaway is stricter customer identification and monitoring aligned with FATF standards.
The government has notified approval under Section 35(1)(ii), allowing donors to claim income-tax deductions for eligible scientific research contributions.
The government has approved an institution for scientific research under Section 35(1)(ii), allowing eligible tax deductions for donations from AY 2026–27 to 2030–31.
The government has relaxed restrictions on organic sugar exports, permitting shipments up to 50,000 MT per financial year under prescribed procedures.
The Directions prescribe standardised presentation and disclosure norms for All-India Financial Institutions. The key takeaway is enhanced consistency and transparency in AIFI financial statements.
The RBI has overhauled responsible business conduct norms, mandating transparency, fair practices, and borrower protection across AIFIs. The key takeaway is stricter accountability in lending and recovery processes.
AIFIs must deny fresh credit and impose post-removal cooling-off periods on wilful defaulters. The ruling underscores deterrence against intentional defaults.
The 2025 Directions mandate strict timelines, review periods, and higher provisioning for delays in resolving stressed assets. The key takeaway is faster resolution with stronger accountability for AIFIs.
New prudential norms tighten NPA identification, borrower-wise classification, and day-end tagging. The key takeaway is uniform, objective recognition to curb evergreening.
The government clarified that gratuity for civil service after re-employment will not be restricted by gratuity already received for military service. The key takeaway is full eligibility for civil gratuity under NPS rules.
