DGFT amends import policy: Sulfadiazine API imports with CIF value less than Rs. 1,774/kg are Restricted until Sep 30, 2026. Exemption for Advance Authorization, EOU, and SEZ units is provided.
DGFT introduces new SION C-2049 for Mobile Phone exports, detailing ‘Net-to-Net’ input norms for over 70 components. This standard allows RAs to issue Advance Authorization directly.
EPFO has released FAQs on the Revamped Electronic Challan-cum-Return (ECR) system, mandatory from the September 2025 wage month. The new process separates return submission from payment, incorporates system-based validations for greater accuracy, automatically calculates interest/damages, and introduces structured rules for regular, supplementary, and revised returns.
The Ministry of Finance has increased the Dearness Allowance (DA) for Central Government employees from 55% to 58% of Basic Pay, effective from July 1, 2025. The EPFO has communicated this revision for necessary action.
Manipur GST (Second Amendment) Ordinance, 2025, aligns state law with Central GST changes from the Finance Act, 2025. Key amendments cover tax on penalty appeals, ITC restrictions, and the new Track and Trace mechanism for specified goods.
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The RBI’s draft directions for NBFCs, effective April 1, 2026, revise guidelines on lending to ‘related parties’ to manage conflict of interest. It sets new materiality thresholds based on NBFC layers, mandates credit policy provisions, and outlines robust monitoring, reporting, and disclosure requirements.
The RBI’s draft directions for Urban Co-operative Banks (UCBs) revise guidelines on lending to ‘related parties’ to address conflict of interest and moral hazard risks. It details statutory prohibitions, required credit policy provisions, materiality thresholds, and new monitoring and reporting requirements for UCBs, effective April 1, 2026.
Gross GST revenue for September 2025 hit ₹1,89,017 crore, growing 9.1% year-on-year. Net revenue increased 5.0%, moderated by a 40.1% rise in refunds. Cumulative half-yearly growth reached 9.8%.
The RBI proposes new Gold Metal Loan (GML) Directions, effective April 2026. The rules consolidate framework, specify loan types, and set prudential guidelines for banks.
