Income tax (Twenty Second Amendment) Rules, 2025
Section 17 of the Income-tax Act defines what is included in salary for taxation, particularly perquisites and allowances. However, the Act provides certain monetary thresholds which needed clarification through rules. To remove ambiguity and bring uniformity in tax treatment, the government has now prescribed fixed limits for salary income and gross total income under specific clauses of section 17.
Drugs (2nd Amendment) Rules, 2025
The Central Government had earlier proposed amendments to the Drugs Rules, 1945 through a draft notification issued on July 12, 2024. This draft was published to gather inputs from stakeholders such as manufacturers, distributors, and healthcare professionals. After reviewing the objections and suggestions received, and with the advice of the Drugs Technical Advisory Board, the Government finalised the Drugs (2nd Amendment) Rules, 2025. The notification was issued on August 18, 2025, with the changes set to apply from March 1, 2026.
Companies (Indian Accounting Standards) Second Amendment Rules, 2025
The Ministry of Corporate Affairs (MCA), in consultation with the National Financial Reporting Authority (NFRA), has issued amendments to the Companies (Indian Accounting Standards) Rules, 2015.
Coastal Shipping Act, 2025
The Coastal Shipping Act, 2025 consolidates and amends the law relating to coastal shipping in India. The Act seeks to strengthen national security, promote domestic participation in coastal trade, and ensure a strong Indian-owned coastal fleet. It replaces older fragmented provisions and provides a single framework for regulating coasting trade.
Guidelines for Implementation of Amendment No. 1 to IS 16270
Bureau of Indian Standards (BIS) has issued guidelines for implementation of Amendment No. 1 to IS 16270:2023, covering secondary cells and batteries for solar photovoltaic applications. The amendment introduces modifications in scope, typographical corrections, and adds discharge current requirements for lithium batteries.
CERC (Sharing of Inter-State Transmission Charges & Losses) (4th Amendment) Regulations, 2025
The Central Electricity Regulatory Commission (CERC) issued the (Sharing of Inter-State Transmission Charges and Losses) Regulations, 2020 to provide a framework for cost-sharing of interstate transmission systems. To align with tariff regulations, renewable energy incentives, and evolving energy needs, amendments were considered necessary.
RBI Strengthens Multilingual Communication & Grievance Redressal
The Reserve Bank of India has consistently stressed that banks must communicate with customers in their preferred language to improve clarity and accessibility. The RBI Master Circular on Customer Service in Banks requires banks to provide all customer-facing materials in Hindi, English, and the relevant regional language.
Master Direction – Reserve Bank of India (Non-resident Investment in Debt Instruments) Directions, 2025
Non-resident investment in Indian debt instruments is governed by FEMA regulations and various RBI circulars. Over time, multiple notifications and A.P. (DIR Series) circulars have been issued, leading to scattered compliance requirements
Master Circular for Debenture Trustees (DTs)
Debenture Trustees are governed under SEBI (Debenture Trustees) Regulations, 1993. Over the years, SEBI issued several circulars specifying procedures, disclosures, and obligations. To streamline compliance and provide a single reference point, SEBI has now consolidated these into a Master Circular.
TRAI Issues Manual to Assess Digital Connectivity in Properties
The Telecom Regulatory Authority of India (TRAI) has issued the Manual for Rating of Properties for Digital Connectivity, the first standardised national framework for evaluating in-building digital infrastructure. With over 80% of mobile data consumed indoors, and high-frequency 4G and 5G signals often obstructed by modern building materials, the quality of indoor connectivity directly impacts user experience