Reserve Bank of India vide its Notification No. RBI/2024-25/100, DOR.STR.REC.54/21.04.048/2024-25 dated December 31, 2024 issued Government Debt Relief Schemes (DRS). Debt Relief Schemes (DRS) refer to Schemes notified by the State Governments that entail funding by the fiscal authorities to cover debt obligations of a targeted segment of borrowers that the lending institutions are required […]
Read More →Regulatory Framework for Imports in India The Reserve Bank of India (RBI) has also issued a Master Direction on Imports of Goods and Services, which gives the procedural and regulatory guidelines for all imports to India. These guidelines establish the manner in which import payments can be made and documentary requirements for processing imports. Specific […]
Read More →This list provides hands on information of the laws that have been notified by the Government both at Central and State levels during recent times along with their scope and applicability: Name of Legislation Geographical Applicability Effective Date Category Applicability Summary Electrical Appliances for domestic water heating (Quality Control) Order, 2025 Central 2025-01-21 Regulatory Laws […]
Read More →In a progressive move towards ensuring the safety and dignity of women at workplaces, the Indian government launched the SHe-Box portal. This online platform is a significant step in the implementation of the Sexual Harassment of Women at Workplace (Prevention, Prohibition, and Redressal) Act, 2013 (POSH Act). What is the SHe-Box Portal? The Sexual Harassment […]
Read More →The IFSCA has issued circular No F. No. IFSCA-LPRA/3/2024-Legal and Regulatory Affairs dated 2nd December 2024 on Complaint Handling and Grievance Redressal by Regulated Entities in the IFSC effective from 15th January 2025. Compliance requirements under this circular in addition to the requirements on grievance redressal contained in any other regulations specified by the Authority. […]
Read More →Insurance Regulatory and Development Authority of India vide Notification No. F. No. IRDAI/Reg/5/212/2025 issued Insurance Regulatory and Development Authority of India (Regulatory Sandbox) Regulations, 2025, effective from 3rd January, 2025. “Regulatory Sandbox” means an environment used in the financial services sector, which provides testing ground for new business models, processes and applications that may not […]
Read More →Under the Income tax act various allowance and perquisites are provided to employee by the employer are exempt subject to certain condition. One of which is leave travel concession (LTA) exemption. LTA can be claimed for any two years in a block of 4 calendar years. The current block year for claiming LTA is 2022 […]
Read More →National Housing Board (NHB) regulates the housing finance system of the country, extends refinance to different primary lenders and lends directly in respect of projects undertaken by public housing agencies for housing construction and development of housing related infrastructure. To enhance the efficiency and effectiveness of the operation of Housing finance company (HFCs), National housing […]
Read More →Introduction Pursuant to the inter-government agreement between India and USA, Income tax Rules were amended on 7th August 2015, by inserting rules 114F, 114G and 114H. The requirement of reporting under the Income-tax Rules is imposed by rules 114G (7) and (8). The RBI issued its 28th August 2015 Circular BR.AML.BC.No.36/14.01.001/2015-16, drawing the attention of […]
Read More →This list provides hands on information of the laws that have been notified by the Government both at Central and State levels during recent times along with their scope and applicability: Name of Legislation Geographical Applicability Effective Date Category Applicability Summary Master Direction – Reserve Bank of India (Credit Information Reporting) Directions, 2025 Central 06-01-2025 […]
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