FeaturedGST Counciltaxgst
GST Council Approves 10-Day Refund Acknowledgement
The GST Council has approved a faster refund mechanism requiring 10-day acknowledgment and 90% provisional sanction based on risk profiling.
Oct 9, 2026Read more →
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FeaturedReserve Bank of Indiabankingcorporate
RBI Amends Commercial Bank Credit Valuation Rules
The RBI introduced new directions on Credit Valuation Adjustment (CVA) framework for commercial banks to strengthen risk-based capital norms.
Oct 9, 2026Read more →
FeaturedReserve Bank of Indiabankingcorporate
RBI Tightens Capital Norms for Commercial Banks
The 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.
Oct 9, 2026Read more →
FeaturedReserve Bank of India (Regulatory Action)bankingregulatory
RBI issues Directions under Section 35A to two co-operative banks
RBI has issued regulatory Directions under Section 35A read with Section 56 of the Banking Regulation Act, 1949, to Sri Mahatma Basaveshwar Co-operative Bank Ltd. and The Tiruvalla Urban Co-operative Bank Ltd., effective October 8, 2026. The public is advised to take note of restrictions, if any, imposed under these Directions.
Oct 9, 2026Read more →
FeaturedDelhi High Courttax
Third-Party Search Under Section 132 Upheld by Delhi HC
Delhi High Court upheld separate search warrants under Section 132 for a couple’s premises and bank locker located at a third party’s address, affirming reasonable belief and jurisdictional compliance.
Oct 9, 2026Read more →
FeaturedReserve Bank of Indiabankingfinancial_regulation
RBI Raises Key Policy Rates: Bank Rate, Repo, SDF and MSF
RBI increases repo rate to 5.50%, Bank Rate to 5.75%, SDF to 5.25%, and MSF to 5.75%, effective immediately, to manage inflation and liquidity.
Oct 9, 2026Read more →
FeaturedSAFEMA Tribunalfemacriminal
SAFEMA Tribunal Permits Property Attachment Under PMLA Despite Lawful Acquisition
The SAFEMA Tribunal upheld attachment of 45 properties under PMLA, ruling that even lawfully acquired or pre-crime assets may be attached if proceeds of crime are unavailable.
Oct 9, 2026Read more →
FeaturedSupreme Court of Indiaconstitutionalcriminal
Punjab Challenges P&H HC Order for CBI Probe into CM's OSD
Punjab has moved the Supreme Court against the Punjab and Haryana High Court’s order directing a CBI probe into corruption allegations concerning Chief Minister Bhagwant Mann’s OSD. The state filed an SLP seeking urgent hearing.
Oct 8, 2026Read more →
FeaturedSupreme Court of Indiaconstitutionalhealthcare
Supreme Court Orders Panel on Pharma Freebies to Doctors
The Supreme Court has directed the Central government to form a committee to examine allegations that pharmaceutical companies offer freebies to doctors as inducements to prescribe their drugs. The bench invited stakeholder input before final recommendations.
Oct 8, 2026Read more →
FeaturedAllahabad High Courtcriminalconstitutional
POCSO Victim Must Be Heard Before Anticipatory Bail: Allahabad HC
The Allahabad High Court held that failing to hear a POCSO Act victim before granting anticipatory bail renders the order void ab initio due to a jurisdictional defect. The ruling underscores the mandatory nature of victim participation under the POCSO Act and its Rules.
Oct 8, 2026Read more →
FeaturedSupreme Court of Indiacorporatecriminal
Private Individuals Can’t Bypass SFIO Complaint Norm: Supreme Court
SC upholds requirement for government authorisation before SFIO fraud complaints. Private individuals cannot directly file complaints under Section 212(6).
Oct 8, 2026Read more →
FeaturedNCLATinsolvencytax
IT Dept Cannot Set Off Refund During IBC Moratorium: NCLAT
NCLAT ruled that Income Tax Department cannot set off refunds against tax dues during IBC moratorium. Refund of ₹90.42 lakh directed to corporate debtor.
Oct 8, 2026Read more →
FeaturedReserve Bank of Indiabankingcorporate
RBI Raises Bank Rate to 5.75%, Increases Penal Interest on CRR/SLR Shortfall
Effective October 7, 2026, the RBI increased the Bank Rate to 5.75%, triggering higher penal interest rates for shortfalls in CRR and SLR requirements.
Oct 8, 2026Read more →