The Reserve Bank of India on 31st May 2021 has advised bank and other entities to continue carrying out the customer due diligence processes in line with regulations governing standards for Know Your Customer (KYC), Anti-Money Laundering (AML), Combating of Financing of Terrorism (CFT) and obligations of regulated entities under Prevention of Money Laundering Act, (PMLA), 2002 in addition to ensuring compliance with relevant provisions under Foreign Exchange Management Act (FEMA) for overseas remittances.
Karnataka Revises Minimum Wages & VDA for Shops, 2025-26
The Karnataka Government updates minimum wages and VDA for shops and commercial establishments, effective from April 1, 2025, to March 31, 2026.