Category: Regulatory News
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Will RBI Cut Repo Rate on October 1? SBI Says Yes, Experts Differ
Mumbai: A SBI research report has pitched for a 25 bps rate cut, saying it is the ‘best possible option’ for the RBI, though some other experts opined that the central bank’s rate-setting panel may again opt for status quo in its bi-monthly policy to be announced on October 1.Reserve Bank of India (RBI) Governor…
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Shamli Consumer Court Fines Insurance Company for Denying Claim
In a significant ruling, the Shamli District Consumer Disputes Redressal Forum imposed a fine of ₹82,145 on Star Health & Allied Insurance Company for failing to honor an insurance claim, despite the premium being paid in full. The decision underscores the importance of protecting consumer rights and penalizing negligent practices by insurance providers. FutureCrime Summit…
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IRDAI Launches ‘Bima Sugam’ : India’s Digital Gateway for Coverage
IRDAI, through the Bima Sugam India Federation (BSIF), has launched the platform as part of the broader mission of “Insurance for All by 2047.” The move aligns with the government’s Viksit Bharat 2047 vision, seeking to make insurance accessible to every citizen. The current live phase offers a governance and information gateway detailing objectives, structure,…
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Introduction of Continuous Clearing and Settlement on Realisation in Cheque Truncation System
Introduction of Continuous Clearing and Settlement on Realisation in Cheque Truncation System Please refer to the Statement on Developmental and Regulatory Policies dated August 8, 2024, announcing the transition of Cheque…
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DPIIT launches Guidebook on Mapping of HSN Codes
Ascendants DPIIT launches Guidebook on Mapping of HSN Codes The Department for Promotion of Industry and Internal Trade (DPIIT) has released a Guidebook on Mapping of HSN Codes, allocating 12,167 HSN codes across 31 Ministries and Departments of the Government of India. The publication was unveiled by Shri Piyush Goyal, Hon’ble Minister of Commerce &…
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India’s Economy: RBI Shares Big Plans for Banks, Loans and Customers
RBI Governor outlined India’s growth roadmap at FIBAC 2025, highlighting resilience and future opportunities. Key focus areas include monetary stability, bank regulation, financial inclusion, customer service, and technology adoption. RBI assured that growth and stability go hand-in-hand, with reforms aimed at making India a prosperous and inclusive economy by 2047.
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New Income Tax Rules to Be Notified by December, Effective from April 2026
CBDT will notify the new Income Tax rules by December 2025, ahead of the April 1, 2026 rollout. The department is preparing simpler ITR forms and will publish FAQs to guide taxpayers. The Income Tax Act, 2025, replacing the 1961 Act, has already received Presidential assent.
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Sebi Proposes Easier IPO Rules and Longer Shareholding Timelines for India’s Largest Companies
Sebi Proposes Easier IPO Rules and Longer Shareholding Timelines for India’s Largest Companies The Securities and Exchange Board of India (Sebi) has proposed relaxing minimum public offer (MPO) norms and extending timelines for achieving the 25% minimum public shareholding (MPS), aiming to make listings by very large companies smoother and less disruptive to markets. Key…
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Nationwide Financial Inclusion Drive: Over 35 Lakh Re-KYC Completed So Far
Nationwide Financial Inclusion Drive: Over 35 Lakh Re-KYC Completed So Far Banks are running a nationwide Gram Panchayat-level campaign from July 1, 2025 to September 30, 2025 to saturate Financial Inclusion (FI) schemes. The initiative also covers re-KYC of bank accounts, awareness on unclaimed deposits, and resolving customer grievances. The Government and the Reserve Bank…
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Revised Income Tax Bill, 2025 Tabled With Key Fixes For Salaried, Homeowners & Investors
Revised Income Tax Bill, 2025 Tabled With Key Fixes For Salaried, Homeowners & Investors Finance Minister Nirmala Sitharaman on Monday tabled a revised Income Tax Bill, 2025 in Parliament, replacing last week’s withdrawn draft. The update adopts most recommendations of the Parliamentary Select Committee chaired by Baijayant Panda, aiming to replace the Income-Tax Act, 1961…