AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Income Tax Appellate Tribunal (ITAT) affirmed that tax rebate under Section 87A is allowable on short-term capital gains as per Section 111A. This decision clarifies the interplay between tax rebates and various capital gains categories for the assessment year.
The Reserve Bank of India has amended the CRR and SLR regulations for Small Finance Banks, allowing exemptions connected to new deposit guidelines.
The Reserve Bank of India has amended the CRR and SLR requirements for Regional Rural Banks, granting exemptions for new deposits.
The Reserve Bank of India has amended the CRR and SLR regulations for Urban Co-operative Banks, allowing exemptions for fresh deposits.
The Reserve Bank of India has amended the regulatory framework for Cash Reserve Ratio and Statutory Liquidity Ratio for Rural Co-operative Banks following the introduction of new deposit guidelines.
The Reserve Bank of India has amended interest rate regulations for Commercial Banks, facilitating the temporary removal of the ceiling on fresh deposits.
The Reserve Bank of India has amended the interest rate guidelines for Small Finance Banks, removing the ceiling on fresh deposits to enhance competitiveness.
The Reserve Bank of India has issued a third amendment to the interest rate directions for Local Area Banks, permitting a temporary withdrawal of the interest rate ceiling.
The Reserve Bank of India has amended the interest rate directives for Regional Rural Banks. The change facilitates the temporary withdrawal of the interest rate ceiling.
The Reserve Bank of India has issued the Third Amendment Directions for Urban Co-operative Banks regarding interest rates on deposits. This amendment facilitates more competitive interest rates on fresh deposits.
The Reserve Bank of India has amended the interest rate on deposits for rural co-operative banks. The temporary withdrawal of the interest rate ceiling on fresh deposits aims to enhance their competitiveness.
The RBI released findings from the survey covering foreign liabilities and assets of mutual funds for the fiscal year 2025-26, highlighting the significance of this sector.
The RBI has released its monthly data on India's international trade in services for July 2026, providing insights into service exports and imports.