Category: Regulatory News

Union Minister for Finance and Corporate Affairs Smt. Nirmala Sitharaman presided over the 166th Income Tax Day celebrations organized by the Central Board of Direct Taxes (CBDT) in New Delhi. Marking the occasion, the Finance Minister unveiled a new mascot for the Income Tax Department named “Madhukar”, symbolizing the department’s vision of taxpayer facilitation and…

Mumbai, July 22, 2025:In a major step toward securing India’s digital financial ecosystem, the Telecom Regulatory Authority of India (TRAI) hosted a key meeting of the Joint Committee of Regulators (JCoR) in New Delhi. The meeting brought together top officials from RBI, SEBI, IRDAI, PFRDA, MeitY, and other key bodies to coordinate stronger safeguards against…

Draft Guidelines Released for Reconciliation of Shipping Bills in Export Data Processing and Monitoring System (EDPMS) The Reserve Bank of India (RBI) has announced a move to ease compliance burdens for exporters—particularly those dealing in small-value shipments—by proposing simplified reconciliation procedures within the Export Data Processing and Monitoring System (EDPMS). What is EDPMS? Introduced in…

Crackdown on Bogus Tax Refund Rackets Targets Over 150 Locations Across India In a major nationwide operation, the Income Tax Department has launched a large-scale verification drive targeting individuals and professional intermediaries involved in filing fraudulent Income Tax Returns (ITRs). The move comes after detecting widespread misuse of deduction and exemption clauses under the Income-tax…

In a move that enhances risk assessment flexibility under Basel III norms, the Reserve Bank of India (RBI) has permitted banks to use the credit ratings assigned by CareEdge Global IFSC Limited for capital adequacy purposes. This decision is especially relevant for banks dealing with non-resident corporates operating in International Financial Services Centres (IFSCs). What…

In a significant move to ease lending norms and boost credit flow, the Reserve Bank of India (RBI) has clarified that gold and silver voluntarily pledged by borrowers can be accepted as collateral for agricultural and MSME loans, even if those loans fall under the collateral-free category. This clarification comes through the recent circular –…

In a major step toward making borrowing easier and more transparent, the Reserve Bank of India (RBI) is revamping the country’s credit ecosystem to directly benefit customers like you. This transformation was highlighted in a recent speech by Shri M. Rajeshwar Rao, Deputy Governor of RBI, during TransUnion CIBIL’s 25th anniversary conference in Mumbai. Over…

Mumbai, July 2, 2025 — In a landmark move set to benefit millions of loan borrowers across the country, the Reserve Bank of India (RBI) has issued new directions banning pre-payment charges on most floating rate loans, especially those availed by individuals and Micro and Small Enterprises (MSEs). The fresh guidelines will be effective from…

📅 Date of Update: June 17, 2025💰 Redemption Price: ₹9,919 per unit What’s the Update? The Reserve Bank of India (RBI) has announced the redemption price for investors who wish to prematurely redeem their Sovereign Gold Bond (SGB) 2017-18 Series XII on the upcoming due date – June 18, 2025. According to the Government of…