The RBI has amended the NBFC Financial Statements and Disclosure Directions by exempting fully owned and Government-controlled Upper Layer NBFCs from specified disclosure provisions. The amendment aligns regulatory requirements with the unique governance framework applicable to Government-owned entities while retaining existing disclosure norms for other NBFCs.
RBI has amended the capital adequacy framework for AIFIs by introducing a revised methodology for calculating foreign exchange risk and Net Open Position. The amendment aligns prudential norms with international standards and becomes effective from April 1, 2027.
The proposed PEPF framework seeks to improve insurance penetration through financial literacy, digital services, and awareness programmes. It also introduces governance and audit mechanisms for effective fund administration.
Customs Zones must appoint senior officers to ensure seamless coordination and priority clearance of pollution response equipment during Oil and HNS spill incidents. The initiative strengthens India’s emergency preparedness for marine pollution events.
The MCA has introduced temporary relief measures extending name reservation validity and e-form resubmission deadlines affected by the 05.06.2026 fire incident. Relief for previously expired cases is available through the MCA Helpdesk, subject to verification.
The Exposure Draft revises the regulatory framework governing Third Party Administrators by introducing annual fee obligations, continuation of registration procedures, and updated compliance provisions. Stakeholders have been invited to submit comments before the specified deadline.
The notification continues anti-dumping duty on PET resin originating in or exported from China after authorities found that removal of the duty could increase imports and harm domestic producers. The duty applies at USD 200.66 per metric tonne.
The Reserve Bank of India has issued revised Lead Bank Scheme (LBS) guidelines following a comprehensive review, superseding all earlier instructions. The revised framework reiterates that the Scheme aims to enhance priority sector credit and deepen financial inclusion through coordinated efforts of banks, governments and developmental agencies. It defines the roles of Lead Banks, Lead […]
SEBI has proposed wide-ranging changes to the MTF framework to improve risk management and operational efficiency. The consultation includes revised collateral, funding, exposure, and compliance norms while inviting public comments.
IFSCA has amended its circular to require financial institutions to remit eligible funds received in SNRR accounts to their IBU accounts in specified foreign currency within 30 working days. The exemption for administrative expenses remains unchanged.
