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CBIC Revises Customs Notifications to Align with Finance Act, 2026

April 30, 2026 1065 Views 0 comment Print

The government has amended multiple customs notifications to update tariff classifications across sectors. The move ensures uniformity and reduces ambiguity in exemption eligibility.

IBBI Cancels Insurance Regulator Surveyor Licence for Outsourcing Core Duties

April 30, 2026 324 Views 0 comment Print

The Authority found that core survey functions were carried out by unlicensed personnel. It held that such outsourcing violated regulatory norms and warranted licence cancellation.

DGFT Sets New Rules for Wheat Export Allocation & Application Process

April 30, 2026 750 Views 0 comment Print

The government has introduced clear procedures for applying and allocating wheat export quotas. Strict eligibility, timelines, and reporting requirements must be followed.

RBI (Non-Banking Financial Companies – Responsible Business Conduct) Amendment Directions, 2026

April 29, 2026 249 Views 0 comment Print

RBI has permitted NBFCs to waive or reduce charges for customers in disaster-affected areas. The key takeaway is that relief can be granted for up to one year.

RBI (Relief Measures by Banks in Areas affected by Natural Calamities) Directions 2018 – SCBs Repeal Directions, 2026

April 29, 2026 207 Views 0 comment Print

RBI has replaced the 2018 framework with updated regulatory directions for banks. The key takeaway is that relief norms are now integrated into broader banking regulations.

RBI (Rural Cooperative Banks – Resolution of Stressed Assets) Amendment Directions, 2026

April 29, 2026 165 Views 0 comment Print

RBI has introduced structured guidelines for resolving loans affected by natural calamities. The key takeaway is faster, coordinated relief with defined timelines and eligibility.

RBI (Local Area Banks – Credit Risk Management) Second Amendment Directions, 2026

April 29, 2026 201 Views 0 comment Print

RBI now requires banks to consider disaster risks while evaluating borrowers. The key takeaway is improved risk-sensitive lending practices.

RBI (Urban Cooperative Banks – Income Recognition, Asset Classification and Provisioning) Amendment Directions, 2026

April 29, 2026 192 Views 0 comment Print

RBI allows restructured accounts to remain or be upgraded to standard status post calamity relief. The takeaway is improved borrower support with prudential safeguards.

Justice Deferred, Freedom Denied: A Critique of Preventive Detention Systems

April 29, 2026 246 Views 1 comment Print

Preventive detention laws allow incarceration without trial based on suspicion, raising serious concerns about violation of personal liberty. The analysis highlights how weak procedural safeguards enable misuse and arbitrary detention.

FSSAI Updates Lab Accreditation List to Strengthen Food Testing Network

April 28, 2026 228 Views 0 comment Print

FSSAI amended its 2016 notification to revise and add accredited food testing laboratories across regions. The update enhances testing capacity and ensures stronger food safety compliance nationwide.

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