Company directors in India now face a simplified annual KYC filing, shifting to a triennial requirement under the Companies Act, 2013. This move, effective March 31, 2026, eases compliance burdens. A new, comprehensive KYC form will also facilitate updates to personal details and DIN reactivation, benefiting all directors.
The National Financial Reporting Authority (NFRA) has launched its second Audit Practice Toolkit, focusing on revenue risk assessment for small and medium audit practitioners. This initiative aims to enhance audit quality by providing a practical guide for identifying and assessing material misstatements in revenue.
Banks can now independently manage the National Pension System (NPS) as the PFRDA approves a new framework to boost competition and protect subscribers. This move, alongside revised investment fee structures and new NPS Trust board appointments, aims to create a more robust and competitive pension ecosystem for improved retirement security.
The Reserve Bank of India’s Financial Stability Report highlights emerging structural pressures in the insurance sector, noting that premium growth is increasingly driven by high-cost distribution strategies rather than operating efficiency. While the sector remains stable in the near term, elevated expenses could weaken profitability and necessitate a shift towards cost rationalization and technology-enabled distribution
Indian steel and aluminium exporters will face a carbon-linked cost from January 1, 2026, as the EU’s CBAM transitions to its payment stage. Exporters may need to cut prices by 15-22% to absorb the carbon cost, with high-emission producers facing the sharpest impact.
Starting January 1, energy-efficiency star labelling will be mandatory for a broader array of appliances, including refrigerators, televisions, and LPG stoves, as the government intensifies efforts to reduce power consumption.
The government has launched a Rs 4,531-crore Market Access Support scheme to bolster Indian exporters’ participation in international events.
The Indian rupee faces significant volatility through 2026, with capital outflows and trade disruptions overshadowing strong economic fundamentals. Analysts warn that a US trade deal alone may not stabilize the currency, which has already seen substantial depreciation against major global currencies.
