AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
Several states have announced an auction offering bonds aggregating ₹13,600 crore to raise funds. The auctions will cover multiple tenor periods, underscoring financial strategies among state governments.
Justice Badar Durrez Ahmed shares his personal connection to the Emergency declared by his father in 1975. He discusses the historical implications and memories associated with that pivotal moment in Indian history.
Changes to FEMA reporting requirements by the RBI aim to ease compliance for Authorised Persons, streamlining the process.
The RBI has rescinded outdated FEMA circulars as part of a regulatory review process, aiding compliance for stakeholders.
The RBI's Sixth Amendment has broadened the usage of SNRR accounts through IFSC branches, although it does not change the legal classification of various account transactions.
The ITAT has deleted a concealment penalty related to capital gains on a development agreement, finding the taxability issue debatable. This decision highlights the importance of judicial interpretation in tax assessments.
The ITAT ruled that the Revenue was unable to prove the taxpayer's ownership of the property, resulting in the deletion of capital gain additions. This decision highlights the burden of proof on the tax authorities.
The RBI has modified the reporting requirements for Authorized Persons under FEMA, 1999, streamlining the framework for money changing and transfer services. This amendment intends to enhance operational efficiency.
The Reserve Bank of India has invited comments on draft Master Directions for Call, Notice, and Term Money Markets by July 17, 2026, enhancing regulatory clarity in the money market.
The Reserve Bank of India has published the auction calendar for Treasury Bills for the quarter ending September 2026, detailing amounts and schedules.
The Reserve Bank of India has scheduled a Variable Rate Repo auction to manage liquidity conditions on June 29, 2026, with a notified amount of ₹75,000 Crore.
The RBI has released a draft direction on Call, Notice, and Term Money Markets, inviting stakeholder feedback before implementation, which may reshape money market operations.
The RBI has scheduled a Variable Rate Repo auction to manage liquidity, solidifying its role in stabilizing the financial market amidst changing conditions.