The Monetary Policy Committee unanimously retained the repo rate at 5.25% and maintained a neutral stance, citing geopolitical tensions, inflation risks, and uncertainty over growth as reasons for a cautious, data-dependent approach.
MCA has allowed companies to file Form DPT-3 for FY 2025-26 without additional fees until 31 July 2026 due to disruptions caused by the June 2026 data center fire.
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.
IFSCA has amended its AML exemption circular to require all financial institutions, including exempt entities, to route business-related monetary transactions through an IFSC Banking Unit or SNRR account. The amendment takes immediate effect while all other provisions remain unchanged.
SEBI approved wide-ranging reforms covering transmission of securities, buy-backs, mutual funds, AIFs, municipal bonds, and securitisation. The measures aim to simplify compliance, improve operational efficiency, and strengthen investor protection.
SEBI has clarified the applicability of the early pay-in facility in the commodity derivatives segment by revising its Master Circular. The key change allows Clearing Corporations to waive most margins based on risk perception while continuing to collect mark-to-market margins.
CBIC has amended Notification No. 27/2018-Customs (N.T.) by inserting “Navi Mumbai” as a new entry in the notified table. The amendment has been issued under Section 7(1)(f) of the Customs Act, 1962.
CBIC has issued fresh instructions prescribing uniform procedures, timelines, and case classifications for recording Customs offence cases in DIGIT. The revised framework also introduces structured data governance and phased auto-population of enforcement reports.
RBI’s Sixth Amendment to the FEMA Deposit Regulations broadens the scope of SNRR accounts by permitting IFSC branches to maintain them and allowing wider current, capital, and bona fide transactions for non-residents.
IRDAI has constituted a Working Group to develop governance, oversight, and security frameworks for AI adoption in the insurance sector. The panel will recommend measures to promote ethical AI use while safeguarding policyholders data.
