IRDAI Mandates Shorter Audit Tenures to Boost Governance in Insurance Sector The Insurance Regulatory and Development Authority of India (IRDAI) has introduced new regulations mandating shorter audit tenures for insurance companies. This significant move aims to enhance governance, accountability, and transparency within the insurance sector. New Audit Tenure Regulations Under the new guidelines, IRDAI has…
Proposed RBI Framework for Self-Regulatory Organizations (SROs) in Banking and NBFCs The Reserve Bank of India (RBI) has recently introduced a draft framework aimed at establishing Self-Regulatory Organizations (SROs) within the realms of banking and Non-Banking Financial Companies (NBFCs). This innovative move seeks to empower industry participants to regulate themselves under RBI oversight, fostering better…
GST revenue collection : GST Revenue Reached Second-Highest Mop-Up of Rs 1.56 Lakh Crore in January The Goods and Services Tax (GST) collection for the month of January 2022 reached a second-highest mop-up of Rs 1.56 lakh crore, according to the Ministry of Finance. The revenue collected in January is 11.6% higher than the revenue…
