CBIC relocates to Kartavya Bhawan for enhanced coordination, promotes 944 officers to Group ‘A’, and conducts GST reform outreach with taxpayers in Kanpur and Indore.
The RBI released draft directions for All India Financial Institutions (AIFIs) to harmonize rules on lending to related parties, effective April 1, 2026, mandating board oversight and stricter definitions.
GST rate cuts, mainly to , are set to lower costs by for UP’s artisans and MSMEs. This supports million leather workers, Bhadohi carpets, and Moradabad brassware.
The RBI issued draft directions to tighten rules on related party lending by Regional Rural Banks (RRBs). It defines related parties, restricts exposures, and mandates board approval for material loans
RBI’s draft directions restrict banks from opening current/CC/OD accounts for borrowers with ₹10 crore+ exposure, aiming to enhance credit monitoring and curb fund misuse.
IFSCA authorized CCIL IFSC to operate a Foreign Currency Settlement System in GIFT IFSC and notified its governing Bye-Laws and Regulations for financial institutions.
DGFT amends rice export policy, exempting the Certificate of Inspection (COI) requirement for all European countries, excluding EU, UK, and four others, for six months.
The DGFT has exempted the export of 23 agricultural commodities, including rice, wheat, oils, and vegetables, to Bhutan from all restrictions or prohibitions immediately. (159 Characters)
SEBI launches two initiatives”Validated UPI Handles” with the exclusive “@valid” suffix and the “SEBI Check” tool to help investors verify registered intermediaries and prevent fraud.
The RBI simplifies EDPMS and IDPMS closures for export/import bills under ₹10 lakh, allowing banks to reconcile based on a self-declaration, and prohibits penal charges.
