Master Direction – Know Your Customer (KYC) Direction, 2016
The Master Direction prescribes uniform standards for all regulated entities, covering customer acceptance policies, customer identification procedures, customer due diligence measures, record management, re
Reserve Bank of India (Know Your Customer (KYC)) (2nd Amendment) Directions, 2025
The Reserve Bank of India (RBI) had issued the KYC Master Directions, 2016 to ensure uniformity in customer identification and monitoring in line with the PMLA, 2002. With evolving financial services, increased use of technology, and a need to strengthen customer inclusion safeguards, RBI has reviewed the framework and issued this 2nd Amendment to KYC Directions, 2025.
EPFO Simplifies Death Claims – Guardianship Certificate Not Required
EPFO had been facing delays in processing death claims where surviving minor children of deceased members were legal beneficiaries. Many regional offices were insisting on production of Guardianship Certificates from courts before releasing funds, which caused hardship and prolonged settlement timelines for families
NPCI to Discontinue UPI Collect Requests for P2P Transactions
The Employees’ Provident Fund Organisation (EPFO) had introduced Aadhaar seeding with UAN in The National Payments Corporation of India (NPCI) has issued a circular (NPCI/UPI/OC/220/2025-26) announcing
Seeding/Correcting Aadhaar in Universal Account Number (UAN)
The Employees’ Provident Fund Organisation (EPFO) had introduced Aadhaar seeding with UAN in 2014 to enable direct service delivery and reduce processing time for member benefits. In January 2025, a simplified process allowed members to update their profiles directly if Aadhaar was verified with UIDAI, minimising employer or EPFO involvement.
Merchant Shipping Act, 2025
An Act to consolidate and amend the law relating to merchant shipping to ensure compliance with India’s obligations under maritime treaties and international instruments to which India is a party
Order Specifying Forms and Physical Submission for Settlement of Arrears under the Maharashtra Settlement Act, 2025
Under the Maharashtra Settlement of Arrears Act, 2025, an application is required for the settlement of tax arrears. As various forms are needed to implement the Act, the Commissioner of State Tax has issued this order to specify the required forms and the manner of their submission.
Extension of Public Utility Service Status to Iron & Steel Industry
The Central Government had earlier, through Notification S.O. 815(E) dated February 14, 2025, declared the services of industries engaged in Iron and Steel (item 7 of the First Schedule) as a Public Utility Service (PUS) for six months, effective from February 17, 2025. This was done to ensure industrial peace and uninterrupted operations in this critical sector.
Bihar Shops and Establishments (Regulation of Employment and Conditions of Service) Act, 2025
The Bihar Legislature has enacted a new law to amend and consolidate the regulation of employment and service conditions for workers employed in shops and establishments. This Act aligns with modern labour practices and seeks to provide uniformity across the State, while ensuring worker welfare, health, and safety.
Exemption and Conditions for Employment of Women in Night Shifts in Factories in Punjab
This notification updates the rules for factories in Punjab employing women for night shifts, from 10:00 PM to 05:00 AM. It was created to amend earlier regulations that were first established after a High Court decision removed the legal ban on women working at night.