AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
FeaturedRBI has issued multiple amendment directions to align capital adequacy norms for commercial, small finance, payments, and all-India financial institutions with international standards, focusing on legal opinions and valuation adjustments.
FeaturedRBI has introduced the Credit Valuation Adjustment (CVA) Framework for commercial banks, mandating capital charges for counterparty credit risk in derivative contracts to align with global standards.
Featured57th GST Council meeting proposes thresholds for notices, ITC, arrests, and reforms on e-invoicing and returns to ease compliance.
FeaturedSupreme Court rules cement dealers cannot claim both 6% CST concession and partial exemption under Rajasthan's 1986 notification in same year.
FeaturedBombay HC rejects anticipatory bail for father and son in ₹300 crore fake GST invoicing case linked to dummy firms.
FeaturedNew RBI FEMA export rules effective 1 October 2026 mandate 9-month realisation of export proceeds, with 12 months for INR-denominated exports and AD Bank extension powers.
FeaturedRBI's Twelfth Amendment Directions, 2026 introduce a 2% risk weight on QCCP exposures for commercial banks and revise CVA capital charge methodologies effective April 2027.
FeaturedThe Reserve Bank of India has increased the Bank Rate from 5.50% to 5.75% with immediate effect. Concurrently, it revised penal interest rates for non-compliance with Cash Reserve Ratio (CRR) and Statutory Liquidity Ratio (SLR) norms.
FeaturedThe ICAI removed a CA's name for one year for failing to report material financial irregularities and going concern issues in a case involving ₹1,150 crore siphoning. The order underscores auditors' duty of diligence.
FeaturedThe GST Council announced zero tolerance for fake ITC fraudsters using AI-driven, high-risk profiling tools to detect and prevent fraudulent claims.
FeaturedThe GST Council has approved a faster refund mechanism requiring 10-day acknowledgment and 90% provisional sanction based on risk profiling.
FeaturedThe RBI introduced new directions on Credit Valuation Adjustment (CVA) framework for commercial banks to strengthen risk-based capital norms.
FeaturedThe RBI issued the Twelfth Amendment Directions, 2026, revising capital adequacy norms for commercial banks, including legal opinions for clearing members and valuation adjustments for incurred losses.