RBI Unveils Capital Adequacy reform, IFR Removal, and Market Deepening Measures
In its Press Release dated April 8, 2026, the Reserve Bank of India (RBI) outlined a series of significant developmental and regulatory policy measures aimed at enhancing efficiency, reducing compliance burdens, and strengthening the financial ecosystem. Below is a structured overview of the key announcements: I. Banking Regulation 1. Relaxation in CRAR Computation Norms The…
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RBI Holds Repo rates Steady
The Monetary Policy Committee (MPC) met on April 6, 7, and 8 to deliberate on the policy repo rate. After a detailed assessment of evolving macroeconomic and financial conditions, as well as the broader outlook, the MPC unanimously decided to keep the policy repo rate under the Liquidity Adjustment Facility (LAF) unchanged at 5.25%. Accordingly,…
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India’s Cash Transaction Rules: Key Changes from April 2026
India has further reinforced its regulatory framework governing cash-based transactions with effect from 1 April 2026. This evolving regime expands the practical scope of existing provisions under the Income-tax Act, 1961, while strengthening the reporting and monitoring responsibilities of banks and financial institutions. For a banking-focused audience, the framework represents a convergence of tax law…
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Small Savings Schemes Interest Rates for April-June 2026
The government of India today announced that the interest rates on small savings schemes, including PPF, SSY, NSC, and post office deposits, will remain unchanged for the First Quarter of FY 2026-27 (from April 1, 2026 to June 30, 2026), according to a Finance ministry notification. The rate of Interest chart: Scheme Interest rate for…
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Form 130 replaces form 16: The New TDS Certificate You Must Know
Starting April 1, 2026, India introduces a significant change in its tax documentation system: Form 130 will replace the current Form 16 as the mandatory annual certificate for Tax Deducted at Source (TDS). This update comes under the framework of the new Income Tax Act, 2025, and aims to simplify and modernize tax reporting for…
ITR Forms Renumbered: Key Changes for FY 2026-27
🚀 New Numbers, Smarter Filing & Easier Compliance The income tax landscape is set for a major refresh in FY 2026–27 (AY 2027–28) under the Income Tax Act, 2025, effective April 1, 2026. With a strong focus on simplification, digitization, and user convenience, the government has introduced renumbered forms, redesigned ITRs, and improved compliance mechanisms.…
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