1.PSBs to Boost MSME & Agri Credit
- The Finance Ministry has directed public sector banks (PSBs) to ramp up lending to MSMEs and the agriculture sector.
- They’re also pushing for growth in low-cost deposits, improving asset quality, and adopting AI-driven innovation in banks.
2.Next-Generation MSME Reforms in the Works
- The government is planning a fresh set of reforms (called “next-generation”): easier registration, simplified compliance, and lighter inspections for MSMEs.
- Cluster-level surveys are being done to understand MSME pain points, and stakeholder consultations are expected soon.
- A high-level panel (led by a NITI Aayog member) is proposing comprehensive regulatory simplifications.
3.Relief Measures for Exporters
The RBI has introduced a package of support measures to help exporters facing global headwinds (such as increased tariffs) — including
- Extending the export realisation window from 9 months to 15 months.
- Allowing banks and NBFCs to grant moratoriums on loans for certain export‐intensive sectors (leather, apparel, gems & jewellery, chemicals) to ease debt servicing stress.
- These “Trade Relief Measures” directions were notified on 14-Nov-2025.
Why it matters: If you are an exporter or work with export‐linked supply chains, these changes provide breathing space on cash flows, and may change how banks extend credit or evaluate risk for those businesses.
4.New Mutual Fund NFO — Banking & Financial Services Focus
- Fund House: Bajaj Finserv Mutual Fund
- Type: Open-ended sectoral equity fund (Banking & Financial Services)
- NFO Period: Nov 10 – Nov 24, 2025
- Objective: Long-term capital growth by investing in India’s BFSI sector
- Portfolio Style: 45–60 stocks across banks, NBFCs, insurers, fintechs
What is an NFO?
A New Fund Offer is the launch period of a new mutual fund scheme, where units are offered at a fixed price (usually ₹10). After the NFO closes, NAV moves with market performance.
Why consider this fund?
- Focus on India’s high-growth financial sector
- Benefits from rising financialization, digital adoption, and increasing incomes
- Offers exposure to a diversified BFSI ecosystem (banks + NBFC + insurance + fintech)
5.RBI to Allow Silver as Collateral for Loans (from Apr 2026)
Under the new rules, borrowers can pledge up to 10 kg of silver jewellery or 500 grams of silver coins. However, silver bullion like bars or bricks, or financial assets backed by silver, such as silver-backed exchange traded funds (ETFs) and mutual funds will not be eligible.
6. I-T Return Forms, Rules under New Act to be Released by January ’26
Will meet I-T collection target this year: CBDT chair
- Government will release new ITR forms and rules under the Simplified Income Tax Act, 2025 by January 2026.
- New law will take effect from April 1, 2026.
- CBDT aims to keep the new ITR forms simple for easier compliance.
- The Act replaces the Income Tax Act, 1961 after six decades.
- CBDT Chairman Ravi Agrawal said this year’s tax collection target will be achieved.
- Refund delays are due to high-value transactions flagged by the system.
- Some refund claims are under detailed analysis.
- Taxpayers with discrepancies have been asked to file revised returns.
7. Revision in calculation of Arm’s Length Price (ALP)
- The government has notified the tolerance range for determining Arm’s Length Price (ALP) under section 92C for AY 2025–26.
- Tolerance limits:
- 1% variation allowed for wholesale trading.
- 3% variation allowed for all other cases.
- If the actual transaction price is within this tolerance range, it will be deemed to be the ALP.
- Definition of wholesale trading:
- Purchase cost of finished goods is ≥ 80% of total cost.
- Average monthly closing inventory is ≤ 10% of sales.
- The notification has retrospective effect, but it is certified that no one will be adversely affected.
8. GST Compliance :
22 November 2025
GSTR-3B (QRMP) – For taxpayers under QRMP using invoice furnishing facility (IFF).
28 November 2025
GSTR-11 – Inward supplies statement for UIN holders (October 2025).
9.Income Tax Compliance:
ITR Filing (AY 2025-26) –For persons requiring Form 3CEB (international or specified domestic transactions).
Form 3CEB (Transfer Pricing Report) — Due date for submitting TP report.
Audit Report (Revised/Delayed) in certain cases where 3CEB is involved.
Report under Section 92E (international transactions).
Form No. 27C/27EQ filings (TCS related, monthly).