RBI has mandated that specified FEMA-related statements be filed through the Centralized Information Management System (CIMS) from June 30, 2026. AD Category-I banks must use designated return codes and submit NIL reports where applicable.
The MPC retained the repo rate at 5.25% and maintained a neutral stance despite growing inflation risks. It held that greater clarity on geopolitical developments, supply disruptions, and inflation trends is needed before changing policy rates.
The Monetary Policy Committee retained the repo rate at 5.25% and maintained a neutral stance despite rising inflation risks. RBI held that greater clarity on global shocks and supply disruptions is needed before policy adjustments.
RBI has issued draft amendment directions to allow greater flexibility in pricing Rupee bulk deposits while maintaining transparency in interest rate disclosures. Stakeholders have been invited to submit comments by June 20, 2026. RBI Invites Public Feedback Because Deposit Interest Rate Framework Is Set for Revision
IBBI has amended the CIRP Regulations to enhance disclosures, strengthen information access, and introduce time-bound claim communication. The changes aim to make insolvency resolution more transparent and dispute-resilient.
The IBBI imposed a two-year suspension after finding that the Insolvency Professional misrepresented before the adjudicating authority that no Committee of Creditors existed. The ruling highlights that concealment of material facts and bypassing Section 12A requirements attract serious disciplinary consequences.
The new payment linkage allows Indian travellers to use UPI apps directly at KHQR-enabled merchants in Cambodia. It marks a significant step in expanding UPI’s cross-border payment ecosystem.
DGFT has amended Appendix 2B of the Foreign Trade Policy 2023 to include authorized agencies for issuing Preferential Certificates of Origin under the India-Oman CEPA. The notification formally identifies the entities empowered to certify eligible exports.
Haryana has directed officers to send GST show cause notices and demand orders by registered or speed post in addition to portal-based communication. The instruction aims to enhance taxpayer awareness while retaining the GST portal as the legally valid mode of service.
The 2026 amendment introduces Regulation 20A to govern asset transfers involving personal guarantors undergoing bankruptcy and related corporate insolvency proceedings. It also requires creditor approval and disclosures.
