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By CA. Aarav Bhandari | 22-09-2026 11:30:00
The Reserve Bank of India had issued Draft Guidelines on Minimum Capital Requirements for Market Risk – under Basel III on February 17, 2023, seeking stakeholder feedback. The draft guidelines proposed adoption of the Simplified Standardised Approach (SSA) for computing capital requirement for market risk under the revised Basel III framework. Read More
By CA. Aarav Bhandari | 21-09-2026 12:30:00
In an important ruling for India’s income-tax regime, the Supreme Court has reiterated a fundamental principle: administrative circulars issued by the Central Board of Direct Taxes (CBDT) cannot dictate how courts interpret the Income Tax Act. The decision arose from a dispute over whether premium earned from the sale of export quotas could qualify for deduction under the erstwhile Section 80HHC of the Income Tax Act, 1961. Read More
By CA. Aarav Bhandari | 30-07-2026 11:11:00
Consequent to the aforesaid Amendment Directions, in, in exercise of the powers conferred by the sections 21, 35A and 56 of the Banking Regulation Act, 1949 and all other laws enabling the Reserve Bank in this regard, the Reserve Bank being satisfied that it is necessary and expedient in the public interest so to do, hereby issues the Amendment Directions hereinafter specified. Read More
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