The Indian government has imposed penalties on the service provider for the Income Tax e-filing portal due to project delays and system outages. Despite these operational issues, the government stated that the portal remains stable and i...
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SEBI has released a consultation paper proposing to allow portfolio managers to increase derivative exposure up to 125% of a client's portfolio. This shift aims to enable advanced strategies like long-short and market-neutral portfolios....
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The Securities Appellate Tribunal has denied immediate relief to Suzlon Energy in its challenge against a ₹29 crore SEBI penalty for alleged financial misreporting. The regulator argues the fine relates to internal asset transfers and ac...
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The Supreme Court will examine recommendations from Nandan Nilekani’s task force regarding a possible shift to online NEET examinations. This review follows a petition prompted by recent exam paper leaks and cancellations. The court is p...
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Former Punjab Education Minister Daljit Singh Cheema supports the Public Examinations (Prevention of Unfair Means) Amendment Bill 2026. He advocates for decentralizing exam conduct to reduce security risks, while experts suggest systemic...
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A parliamentary committee has proposed key amendments to the Securities Markets Code Bill, including limiting the regulator's power to define new criminal offenses. The move aims to bring more clarity to market rules while keeping the co...
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SEBI has indefinitely postponed the nationwide rollout of T+0 trade settlements. The move follows feedback from stockbrokers regarding high technology costs, lower interest income, and operational difficulties in managing same-day fund t...
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The Central Board of Direct Taxes has finalized reporting rules for crypto-asset platforms to curb tax evasion. These guidelines mandate that platforms, rather than individual users, bear the primary compliance burden. This framework ali...
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The Competition Commission of India is reducing suo motu case initiations due to potential conflicts between its roles as investigator and judge. The regulator informed a parliamentary panel that it prefers to act only when external comp...
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A Rajya Sabha panel has recommended that the Competition Commission of India (CCI) enforce stricter penalties to stop companies from treating fines as a normal cost of business. This push aims to deter repeat competition law breaches and...
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A Parliamentary Standing Committee on Finance has suggested using Self-Regulatory Organizations (SROs) as an interim step to monitor virtual digital assets. This move aims to protect retail investors and improve market conduct while the...
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The National Financial Reporting Authority has ruled that auditors cannot outsource their professional judgment to AI tools. While technology can boost audit efficiency, the regulator warns that human auditors remain fully responsible fo...
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Finance Minister Nirmala Sitharaman has directed the Income Tax Department to focus on helping honest taxpayers while acting against tax evasion. With the new Income Tax Act, 2025 in place, the government aims to speed up return processi...
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SEBI has released a consultation paper proposing to allow Portfolio Management Services (PMS) to invest in foreign securities and take unhedged short positions in equity derivatives. These changes aim to broaden investment options for hi...
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The Drugs Controller General of India has mandated stricter surveillance at entry points to block unregistered cosmetic imports. This regulatory action aims to protect the $20 billion domestic beauty market from substandard and counterfe...
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SEBI has released draft rules to modernize Portfolio Management Services (PMS), proposing lower entry costs and new access to foreign markets and unlisted debt. These changes aim to simplify operations for an industry now managing over ₹...
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A parliamentary committee has recommended increasing the SEBI board size to 15 and extending the cooling-off period for senior officials to two years. These proposals under the Securities Markets Code Bill aim to strengthen market regula...
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A parliamentary panel has requested a formal legal framework for cryptocurrencies to protect retail investors from fraud and market manipulation. The committee warns that the current lack of clear rules creates significant risks and sugg...
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SEBI has simplified the process for transferring securities after a death, raising thresholds for easier documentation. The new rules allow for faster processing of claims up to ₹30 lakh in demat accounts, reducing paperwork for investor...
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A parliamentary committee has recommended doubling the cooling-off period for SEBI’s top leadership to two years to prevent conflicts of interest. The panel also called for an urgent regulatory framework for virtual digital assets to pro...
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