IRDAI directs insurers to follow anti-dark pattern guidelines and submit compliance reports. The move strengthens consumer protection in digital insurance platforms.
SEBI noted that earlier concerns on unequal taxation have been addressed under the new capital gains regime. The proposal aims to restore open market buy-backs with safeguards ensuring fairness and transparency.
RBI now permits residents to exchange Indian Rupees at forex counters located beyond immigration in airport departure areas. This move enhances convenience for outbound travelers by enabling last-minute currency exchange.
IRDAI constituted a Joint Expert Group to tackle transition and implementation issues under Ind AS. The group will guide insurers on compliance, audit requirements, and financial reporting clarity.
The RBI has issued comprehensive guidelines combining incentives and penalties for banks in currency management. The move aims to improve customer service, reporting accuracy, and efficiency in currency distribution.
All banknotes must be authenticated through machines before acceptance or circulation under RBI’s new rules. This reduces human error and strengthens counterfeit detection mechanisms.
The issue involved inconsistent practices by banks in accepting coins and defective notes. RBI held that all branches must provide free exchange services without refusal, reinforcing customer rights and compliance obligations.
In response to changing market dynamics, RBI has revised forex derivative rules, banning certain contracts and restricting rebooking. The circular aims to improve market discipline and financial stability.
The circular mandates faceless assessment for Bills of Entry filed by SEZ units clearing goods to DTA. It ensures uniformity and efficiency while retaining post-assessment roles with jurisdictional officers.
The government has reduced AIDC on ammonium nitrate to nil. The move lowers import costs and ensures supply for key sectors.
