IFSCA’s 2025 amendment alters the Performance Review Committee: mandates minimum independent experts, sets age/disqualification limits, introduces a member code of conduct, and changes quorum.
The RBI circular details a special clearing in the Cheque Truncation System (CTS) on October 3, 2025, to prepare for the transition to continuous clearing starting Oct 4. It specifies new session timings and codes.
RBI allows StCBs and CCBs to invest up to 5% of owned funds in NABARD’s Shared Service Entity. These investments are exempt from non-SLR prudential limits.
RBI issues Directions, 2025, to standardize claims for deceased customers’ deposits and lockers, mandating a 15-day settlement and compensation for delays.
RBI releases directions on digital payment authentication, mandating two-factor security, risk checks, and cross-border transaction safeguards by April 2026.
: The Department of Posts circular details key clarifications on the Unified Pension Scheme (UPS), including a one-time switch option, gratuity, tax exemptions, and a migration deadline extension to Sept 30, 2025.
Ministry of Finance Notification No. 40/2025-Customs amends the 50/2017 notification, extending the expiry dates for provisions under S. Nos. 598, 601, 602, and 603 from 2025 to 2027. Changes are effective September 30, 2025.
The DGFT amended the import policy for specific silver jewellery (ITC HS codes 71131141 & 71131149) from Free to Restricted, effective Sept 24, 2025, until Mar 31, 2026.
DGFT allows the export of 2G ethanol produced from non-food cellulosic materials like agricultural residue and wood biomass, subject to valid export authorization and feedstock certification. This ensures low CO2 emissions and prevents competition with food crops.
DGFT updates SCOMET List in ITC(HS) 2022 under Export Policy. The revised list will take effect 30 days from 23 Sept 2025, aligning with global regimes.
