RBI allows advance remittance up to USD 50 million for shipping vessel imports without bank guarantee or standby LC, aiming to improve business ease.
CBDT outlines parameters for compulsory income tax scrutiny for FY 2025-26, including survey, search & seizure cases, registration cancellations, recurring additions, and specific tax evasion information.
The International Financial Services Centres Authority (IFSCA) has announced a new fee structure for KYC Registration Agencies in the IFSC, including application, registration, and annual fees.
India’s DGFT announces the ‘Source from India’ feature on Trade Connect ePlatform is now available to all Status Holder exporters, aiming to boost international sourcing.
Delhi GST Department makes all personal hearings mandatory via virtual mode to boost transparency, efficiency, and ease of compliance, ensuring fair process.
RBI introduces Separate Trading of Registered Interest and Principal of Securities (STRIPS) for State Government Securities. Eligible SGS and application process defined.
The RBI has revised KYC updation norms, allowing Business Correspondents to facilitate the process and advising banks to hold camps to address pendency.
RBI’s June 2025 circular amends rules for inoperative accounts and unclaimed deposits, enabling KYC updates at all branches, V-CIP, and via Business Correspondents.
RBI issues KYC Amendment Directions 2025, extending updation deadlines for low-risk customers, allowing BCs for KYC, and mandating multiple advance intimations.
SEBI introduces CeFCoM for secure fee payments to registered investment advisers and research analysts. Over ₹5 crore paid via the platform till June 2025.
