Editorial November 2025
Dear Readers,
During the month of November 2025 we are pleased to share the successful conduct of the Webinar organized by RNM India on ‘India-Russia Business Collaboration: Trade Taxation Market Entry Strategies’ moderated by Mr. Raghu Marwah, CEO with Expert Speakers from Russia including Mr. Thomas Brand, Ms. Ekaterina Kabanova, Mr. Gleb Stepanova all from Brand & Partners, Moscow and Mr. Sammy Kotwani, President Indian Business Association, Moscow and from RNM India we had Ms. Jagruti Sheth, Partner Mumbai Office, Mr. Ankit Dharmashi, Fund Manager Gift City office. The Webinar was interactive and set the tone for the forthcoming visit to India of President Putin where enhanced business collaborations is on the agenda. For all those who missed the Webinar, the recording is available on the RNM India YouTube channel.
On 21 November 2025, the Government of India issued a series of notifications bringing into force substantial provisions, including in many cases the entirety of all four Labour Codes, namely Code on Wages, 2019; Code on Social Security, 2020; Industrial Relations Code, 2020; and Occupational Safety, Health and Working Conditions Code, 2020. Organisations would need to conduct a comprehensive compliance review under the new regime.
On the Assurance Side, the Expert Advisory Committee (EAC) Opinion of the ICAI has been issued on the accounting treatment of GST component paid on lease payments under Ind AS 116. The EAC has clarified that GST paid by lessee to the lessor is a statutory levy and should not be included in the measurement of lease liability or the Right of Use (ROU) Asset
On the Transaction Regulatory front, the Reserve Bank of India has issued a Consolidated Master Directions. Under this consolidation exercise consolidation of more than 3500 directions, circular and guidelines have been consolidated into 244 Master Directions across 11 types of regulated entities.
Global Capability Centers (GCC) are the buzz word these days and RNM India is assisting in providing GCC-as-a-Service (GaaS) on a turnkey basis across the planning and advisory phase as well as the execution phase by assisting MNCs looking to set up their GCC in India with premium green building workspaces at RNM Tower. Be sure to follow the ‘RNM Tower’ page on Instagram for regular updates.
We would like to take this opportunity of wishing all our readers a Merry Christmas. On this day we celebrate not only the birth of Jesus Christ, but also hope, love and salvation.