Income Tax Department sets up 24×7 Control Room with Toll Free Number to vigil on movement of unaccounted cash, bullion & other valuables to ensure clean and fair Delhi Legislative Assembly Elections, 2025
The Directorate has opened a 24X7 Control Room at Civic Centre, New Delhi, and has also issued a Toll-free Number where any person can communicate with and give any information to the Income Tax Department regarding suspicious movement/distribution of cash, bullion, precious metals etc within the NCT of Delhi, in connection with the Delhi Legislative Assembly Elections, 2025.
Grievance Appellate Committee workshop organised by MeitY
The GAC operates digitally through its dedicated web portal (https://gac.gov.in), enabling users to File appeals online, track its status, and Receive timely updates on their grievances. The platform ensures seamless interaction between appellants and the committee, providing a user-friendly and efficient redressal process.
SEBI Guidelines for Research Analysts
These new guidelines represent a robust regulatory framework that balances client protection with operational flexibility for Research Analysts. By emphasizing compliance, transparency, and ethical practices, SEBI aims to elevate the credibility and efficiency of research services in India’s financial ecosystem. Research Analysts and entities must prioritize aligning their practices with these updated standards to foster trust and innovation in the industry.
Guidelines for Investment Advisers
The existing IAs shall ensure compliance with the deposit requirement latest by June 30, 2025. For the new applicants seeking registration as IA, the deposit requirement shall become effective immediately from the date of this circular.
Additional/ Joint Director of Directorate General of GST Intelligence Headquarters appointed as the nodal officer for the purposes of Integrated Goods and Services Tax Act, 2017
The Central Government vide circular dated 6 January, 2024 has designated the Additional/ Joint Director (Intelligence) of Directorate General of GST Intelligence Headquarters (DGGI-Hq), Central Board of Indirect Taxes and Customs in Department of Revenue, Ministry of Finance, as the nodal officer for the purposes of Integrated Goods and Services Tax Act, 2017.
Securities and Exchange Board of India (Certification of Associated Persons in the Securities Markets) Regulations, 2007 – Investment Adviser Certifications Examination
SEBI notifies that an individual investment adviser or principal officer of a non-individual investment adviser, persons associated with investment advice and the partners of an investment adviser being a partnership firm, who are engaged in providing investment advice Shall obtain certification(s) from the National Institute of Securities Markets by passing the NISM-Series-X-A: Investment Adviser (Level 1) Certification Examination.
RBI releases Draft Formats of Financial Statements of Co-operative Banks
The Reserve Bank has undertaken a comprehensive review of the formats of the financial statements of the co-operative banks and has released draft formats of the revised Forms and their schedules together with instructions for the compilation of the balance sheet and profit and loss account.
Master Direction – Reserve Bank of India (Non-resident Investment in Debt Instruments) Directions, 2025
These Directions shall be applicable with immediate effect. These Directions shall be applicable to all transactions by eligible non-residents in debt instruments.
HaRBInGer 2024
H Vision India Pvt. Ltd. created a smart wallet that identifies currency notes using features like UV absorption and fluorescence. Rupya Darshini, developed by Parthiban R., Jebaraj V., and Gobika S., is a wallet-sized tool that allows visually challenged individuals to identify Indian banknotes through geometric dimensions and Braille markings.
Certification for Investment Advisers and Associated Persons
This new notification expands on previous directives, specifically affecting investment advisers and associated individuals, ensuring that those engaged in offering investment advice meet a higher standard of certification.
