PFRDA extends the deadline for Central Government employees and past retirees to migrate to the Unified Pension Scheme (UPS) under NPS by two months, until November 30, 2025.
RBI has amended FEMA regulations to permit exporters to open and maintain foreign currency accounts in International Financial Services Centres (IFSCs), offering greater flexibility for managing export proceeds and import payments.
This Reserve Bank of India (RBI) Notification No. FEMA 3(R)(4)/2025-RB, dated October 06, 2025, introduces an amendment to the Foreign Exchange Management (Borrowing and Lending) Regulations, 2018. Specifically, the amendment inserts a new clause, (iv), into sub-regulation 7A of the Principal Regulations. The core change permits an Authorised Dealer (AD) Category-I bank in India to […]
CBIC seeks urgent nominations (AC to Addl. Commissioner) for the India-EU P2P-U.S. Strategic Trade Control (STC) Advanced Licensing and Enforcement Exchange in Brussels (Dec 2025).
CBIC relocates to Kartavya Bhawan for enhanced coordination, promotes 944 officers to Group ‘A’, and conducts GST reform outreach with taxpayers in Kanpur and Indore.
FSSAI issues draft rules banning PFAs and BPA in food contact materials; stakeholders can submit objections within 60 days of Gazette publication.
The RBI amended FEMA regulations to allow longer repatriation timelines for exporter accounts maintained in IFSCs. The key takeaway is enhanced flexibility for exporters using IFSC banking channels.
This case highlights how delays in filing appeals against adverse GST orders weaken the department’s legal position. It underscores that prompt scrutiny and timely appeals are essential to protect government revenue.
RBI issues draft FEMA 2025 rules for foreign entities setting up branch, liaison, or project offices in India, easing criteria and simplifying closure process.
RBI proposes a draft External Commercial Borrowing (ECB) framework linking limits to net worth or USD 1 billion, simplifying MAMP, and easing end-use rules.
