Immersion of Eco-Friendly Idols in Natural Water Bodies – MPCB Circular
The Bombay High Court, via its order dated July 24, 2025 in PIL No. 96/2024, directed that idols up to six feet in height, including those made of Plaster of Paris (POP), should only be immersed in artificial tanks.
Availability of Not of Standard Quality (NSQ) Alert on New Link in CDSCO Website
The Central Drugs Standard Control Organisation (CDSCO) publishes Not of Standard Quality (NSQ) drug alerts every month to inform stakeholders about products failing to meet required standards. Earlier, these alerts were available on the general CDSCO notifications page, making access and tracking slightly difficult for industry stakeholders
Technical Clarifications to Cybersecurity and Cyber Resilience Framework (CSCRF) for SEBI Regulated Entities
SEBI had issued the Cybersecurity and Cyber Resilience Framework (CSCRF) in August 2024, followed by clarifications, extensions, and FAQs in December 2024, March 2025, April 2025, and June 2025. Based on further industry queries and consultations, SEBI has now issued detailed technical clarifications and additional guidance on implementation of CSCRF for regulated entities (REs).
Advisory –System Enhancement for Order-Based Refunds
Earlier, taxpayers could claim refunds under the category “On account of Assessment/Enforcement/Appeal/Revision/Any Other Order (ASSORD)” only when the cumulative balance of a Demand ID was negative and marked “Refund Due.” This restriction prevented refund claims in cases where individual components (minor heads) reflected negative balances but the overall demand was zero or positive.
Processing of waiver applications by Exchanges for commonly listed entities
SEBI’s SOP framework requires stock exchanges to monitor compliance filings and impose penalties or restrictions on companies that fail to comply. Exchanges were permitted to consider waiver applications but had to record reasons for any relaxation. Internal Committees were set up by Exchanges to review such waiver requests.
Notification of PF, TF and Money Laundering risks to private sector entities
The Financial Action Task Force (FATF) released a report titled “Complex Proliferation Financing and Sanctions Evasion Schemes (CPFSES)” on June 20, 2025. The report, prepared by the Risk, Trends and Methods
Exemption from Transfer for PwD Employees in Telangana
The Telangana Government has issued orders exempting certain categories of Government employees from routine transfers and postings under Section 20(5) of the Rights of Persons with Disabilities Act, 2016. Employees with 70% or more disability will be retained at their existing posting or place of choice, subject to administrative needs. Parents of children with intellectual disabilities and employees
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
