Manipur GST (Second Amendment) Ordinance, 2025, aligns state law with Central GST changes from the Finance Act, 2025. Key amendments cover tax on penalty appeals, ITC restrictions, and the new Track and Trace mechanism for specified goods.
RBI includes State and Central Co-operative Banks under the Integrated Ombudsman Scheme, 2021, effective November 1, 2025, for customer grievance redressal.
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 […]
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.
RBI circular allows Authorised Dealer banks to permit the investment of surplus funds in Special Rupee Vostro Accounts into non-convertible debentures/bonds and commercial papers.
RBI allows non-residents with Special Rupee Vostro Accounts to invest surplus rupees in corporate debt securities and commercial papers.
DGFT amends rice export policy, exempting the Certificate of Inspection (COI) requirement for all European countries, excluding EU, UK, and four others, for six months.
DGFT grants a one-time exemption for the export of 100 MT of DWR-162 wheat seed from the University of Dharwad to Indonesia via NCEL and Mangalore Port.
