FSSAI Issues Prohibition-of-Sale Orders Against Liquor Makers for Mislabeling and Artificial Flavouring

ICAI Issues SSA 5000 for Sustainability Assurance, Effective April 1, 2027

ICAI has issued SSA 5000, a new standard for sustainability assurance effective April 1, 2027, aimed at bringing audit-like discipline to ESG disclosures and combating greenwashing. This is a critical regulatory shift for listed companies and the growing sustainability consulting market.

CBI Registers ₹1,816.22 Cr EPFO Investment Fraud Case Against Reliance Capital, Anil Ambani

The CBI has registered a major fraud case involving EPFO funds invested in Reliance Capital NCDs. This highlights issues of corporate governance, public sector investment safety, and regulatory oversight. For exams, focus on EPFO's investment norms, CBI's jurisdiction, and criminal provisions invoked.

SC to Hear PIL Against 0.4% MDR on UPI Transactions Over ₹2000 from Oct 15

The Supreme Court will hear a PIL on September 28, 2026 challenging the government's decision to impose a 0.4% Merchant Discount Rate (MDR) on UPI person-to-merchant transactions above ₹2,000, effective October 15. The PIL alleges the framework lacks transparency and is arbitrary, questioning amendments to Section 10A of the Payment and Settlement Systems Act.

RBI Subsidiary BRBNMPL Issues EOI for Polymer Substrate: 68,000 Reams for Rs 10 & Rs 20 Notes

India moves closer to introducing polymer banknotes in Rs 10 and Rs 20 denominations. Bidders for the polymer substrate must certify no animal tallow and firewall operations from China/Pakistan. The RBI subsidiary BRBNMPL requires 68,000 reams of substrate, with samples tested across climatic zones.

NCLT Approves Subhash Chandra's Rs 6.25 Cr Repayment Plan Against Rs 22,006 Cr Claims Under IBC

NCLT sanctioned Subhash Chandra's personal insolvency repayment plan of mere Rs 6.25 crore against admitted claims of Rs 22,006.57 crore, raising serious concerns about related party voting and inadequate claim verification. Banks have alleged that 61.78% voting share in favour came from entities linked to Chandra, potentially undermining the integrity of the IBC resolution process.

RBI Governor Urges Fintechs to Treat Data as 'Fiduciary Responsibility', Warns Against Regulatory Gap Exploitation at Global Fintech Fest 2026

RBI Governor Sanjay Malhotra, at the Global Fintech Fest in Mumbai, declared that data is more valuable than capital and must be treated as a 'fiduciary responsibility' rather than a business asset. He also cautioned fintechs against building scale by exploiting regulatory gaps, emphasizing the need for responsible innovation. This signals a potential regulatory shift in India's fintech data governance framework, relevant for exams covering digital economy and financial regulation.

RBI Issues Comprehensive Loan Recovery Rules: Phone Lock Allowed After 60 Days, Compensation ₹250/hr for Delayed Restoration

RBI has issued a consolidated framework for loan recovery by commercial banks, effective January 1, 2027. For the first time, it regulates technology-based restrictions on financed devices (smartphones/laptops) — allowing phone locking after 60 days of default, but with strict safeguards including ₹250/hour compensation for delayed restoration. This is a high-impact regulatory reform for Banking exams and UPSC GS3.

IBBI Issues 6 IBC Misuse Indicators After NCLT Stay on Subhash Chandra Rs 6.25 Cr Plan

The IBBI has issued a circular to insolvency professionals to stay vigilant against misuse of the IBC, listing six indicators of potential abuse. The directive follows a controversial NCLT order in the Subhash Chandra case where a single-member bench approved a repayment plan of only Rs 6.25 crore against admitted claims of Rs 22,006.57 crore, which was later stayed by a special bench. This highlights growing concerns over low recovery rates and potential misuse of the insolvency process by related parties.