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₹25 Lakh Gratuity Limit Applies Only to Central Government Civil Employees

October 24, 2025 2166 Views 0 comment Print

DoPPW clarified that enhanced gratuity ceiling of ₹25 lakh under CCS (Pension) Rules, 2021 applies solely to Central Government civil servants, not to PSUs, Banks, or Autonomous Bodies.

RBI Draft Directions Issued for Capital Market, NBFC Rules

October 24, 2025 666 Views 0 comment Print

RBI issued draft directions on Capital Market Exposure for banks and amendments to NBFC Scale-Based Regulation, inviting public and stakeholder comments by November 21, 2025.

UTGST Redefines ‘Nominated Agency’ via Customs Lists

October 24, 2025 591 Views 0 comment Print

Ministry of Finance amends UTGST (Rate) notification, aligning definition of ‘Nominated Agency’ with Lists 13, 14, and 15 of new Customs Notification 45/2025.

CBIC Merges 30 Customs Exemption Notifications

October 24, 2025 5706 Views 0 comment Print

CBIC issued Notification 45/2025-Customs, consolidating 30 standalone duty exemption notifications with the primary 50/2017-Customs for trade facilitation, effective November 1.

IFSCA Mandates Stewardship Code for Fund Managers and Investors

October 23, 2025 834 Views 0 comment Print

IFSCA implemented a Stewardship Code framework for all IFSC Fund Management Entities to enhance corporate governance, mandate active monitoring, and promote investor protection.

DGFT Amends Export Obligation Rules for Advance Authorisation

October 23, 2025 1740 Views 0 comment Print

DGFT Public Notice amends the Handbook of Procedures, removing the gold replenishment clause under Advance Authorisation and confirming the 120/180-day Export Obligation period.

CBIC Designates Malur, Karnataka as a New Customs Station

October 23, 2025 729 Views 0 comment Print

CBIC Notification 66/2025 amends the Customs Act to designate Malur in Kolar District, Karnataka, as a new Customs Station for handling import and export cargo.

RBI Draft circular on Unique Transaction Identifier for OTC Derivative Transactions

October 23, 2025 885 Views 0 comment Print

RBI releases a draft circular proposing a mandatory Unique Transaction Identifier (UTI) for all OTC derivative deals in India to enhance global data aggregation and market transparency.

RBI Directs Banks to Update Terror Sanctions List for KYC Compliance

October 23, 2025 765 Views 0 comment Print

RBI directed Regulated Entities to comply with a UNSC update to the ISIL/Al-Qaida Sanctions List under UAPA Section 51A, amending the entry for Ahmad Hussain Al-Sharaa.

DGFT Reinstates and Amends SION C676 for Galvanised Rods

October 22, 2025 564 Views 0 comment Print

DGFT reinstated and amended SION C676 for Hot Dipped Galvanised Tension Bar/Rods export, specifying input-output norms for steel and zinc.

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