Category: Regulatory

New Delhi: India’s leading low-cost carrier IndiGo is facing a compensation payout estimated at over ₹500 crore after it cancelled nearly 4,500 flights during the first week of December, leaving thousands of passengers stranded across airports in the country. The cancellations — among the largest in India’s aviation history — were triggered by poor pilot…

The Income Tax Department has intensified enforcement against taxpayers claiming illegitimate refunds by reporting bogus donations to political parties and charitable organisations, uncovering a network of intermediaries facilitating the scheme. The crackdown is part of a data-led effort by the Central Board of Direct Taxes (CBDT) to curb misuse of tax provisions that allow deductions…

India’s Forex Reserves Rise by $1.03 Billion to $687.26 Billion Amid Global Volatility India’s foreign exchange reserves moved higher in the latest reporting week, offering a positive signal about the country’s external financial position. Data released by the Reserve Bank of India shows that total forex reserves increased by $1.03 billion to $687.26 billion for…

The RBI has reduced the repo rate by 25 basis points to 5.25%, offering immediate EMI relief for borrowers with repo-linked home loans. While floating-rate loans will see quick benefits, older MCLR/Base Rate loans may take longer to adjust. The move boosts affordability and is expected to energize homebuying sentiment.

The Reserve Bank of India has announced major liquidity-boosting measures, including ₹1 lakh crore in OMO purchases and a USD 5 billion buy-sell swap, to stabilise the banking system ahead of December’s advance tax outflows. RBI Governor Sanjay Malhotra said the steps aim to ensure sufficient durable liquidity and smooth market functioning

The Reserve Bank of India has reduced the repo rate by 25 basis points to 5.25%, marking the first rate cut after months of status quo. Backed by strong GDP growth and record-low inflation, the MPC’s unanimous decision is expected to ease EMIs, boost liquidity, and support economic momentum.

The Reserve Bank of India (RBI) has amended the Foreign Exchange Management Act, 1999 (FEMA) regulations governing export and import of Indian currency to and from its neighbouring countries. The amendment, issued under Section 47(2)(b) of the Foreign Exchange Management Act, 1999, refines the rules governing the export and import of Indian currency by residents…

The Union Finance Ministry on Tuesday said an upgrade of the Complaint Management System is being envisaged with advanced features and AI-enabled tools to streamline complaint handling at the Reserve Bank of India (RBI).RBI to Streamline Complaint Resolution;While answering an unstarred question in Rajya Sabha, the Minister of State (MoS), Ministry of Finance, Pankaj Chaudhary,…