RBI is India’s central bank, responsible for monetary policy, financial stability, and supervision of banks, rather than conducting commercial banking activities. No Public Transactions: Unlike ...

Goods and Services Tax (GST) will not be applicable on penal charges levied by banks and non-banking finance companies (NBFCs), the CBIC has said. The Central Board of Indirect Taxes and Customs (CBIC ...

The Supreme Court recently stated that an entity being subject to regulatory guidelines under a statute does not automatically make it subject to Writ Jurisdiction. Instead, Writ ...

Budget introduces significant amendments to the CGST Act, 2017. The definition of Input Service Distributor (ISD) under Section 2(61) is revised to facilitate ITC distribution for inter-state supplies ...

The CBIC also quoted RBI guidelines ... within the definition of 'acquiring bank'," the CBIC said. The CBIC also clarified that this GST exemption is limited to payment settlement function only ...

RBI Monetary Policy Meeting 2025 Highlights: The Reserve Bank of India (RBI) announced its sixth and the last bi-monthly monetary policy of FY25 today. The meeting of the Monetary Policy Committee ...

RBI MPC meeting 2025 highlights: Reserve Bank of India (RBI) governor Sanjay Malhotra has announced the Monetary Policy Committee has cut the benchmark repo rate by 26 basis points. The MPC began ...

The RBI MPC, which met for the first time under the new central bank governor Sanjay Malhotra, on February 7 cut the repo rate by 25 basis point to 6.25 percent to give a boost to a slowing economy.

Explanation: Adjusting the repo rate helps the RBI control the money supply in the economy, thereby managing inflation and economic growth. Explanation: A decrease in the repo rate lowers the cost ...

RBI Monetary Policy: The Reserve Bank of India (RBI) kicked off its rate cut cycle on Friday, February 7, 2025, and delivered its first interest rate cut in five years to address the growth ...