DoPPW clarifies that Enhanced Family Pension is payable for 7 years or until the deceased would have reached 67 years, whichever is less, applicable to all cases.
IFSCA’s new Stewardship Code Framework allows fund management entities in IFSC to adopt ICSI’s Guiding Principles on Stewardship (IGPS). This marks formal regulatory recognition for ICSI’s governance standards.
IFSCA issued a consultation paper on permitting differential distribution in IFSC Restricted and Venture Capital Schemes to facilitate blended finance for sustainable development goals.
SEBI proposes relaxing the India geo-tagging requirement for NRI clients using V-CIP for re-KYC or KYC modification, requiring GPS to match their foreign address proof.
SEBI mandates prior approval and specific conditions for Portfolio Managers transferring PMS business. Transfers between non-group entities must involve the complete business.
IFSCA consultation proposes differential distribution in IFSC Venture Capital and Restricted Schemes, facilitating blended finance and multiple unit classes with safeguards like high minimum investment.
GST rate cuts in Uttarakhand reduce taxes on Pahari Dal, Red Rice, handicrafts, and hotel tariffs, aiming to strengthen the state’s hill economy and manufacturing.
PFRDA released a Consultation Paper to introduce dual valuation (accrual/market) for long-term Government Securities in NPS/APY to stabilize NAV and reduce interest rate volatility impact.
MeitY amended IT Rules, 2021, strengthening Rule 3(1)(d) to mandate senior-level authorization, reasoned content removal intimation, and monthly review for intermediaries.
India’s Ministry of Finance supersedes 31 past Customs notifications with a single one, streamlining import duty and IGST exemptions for specified goods from Nov 1, 2025.
