RBI issues new measures for preventing financial fraud using voice calls, SMS, and mobile numbers. Banks and financial entities must comply by March 2025.
RBI urges banks and NBFCs to expand customer coverage under the nomination facility to ensure easier claim settlements for families of deceased depositors.
Notification 02/2025 updates customs exemptions for LRSAM systems and parts under Notification 19/2019, effective January 16, 2025, with immediate effect.
Notification 01/2025 exempts IAEA inspection equipment from customs duties and integrated tax in India, effective January 16, 2025, with specific conditions.
Stakeholders invited to comment on Draft Legal Metrology (Indian Standard Time) Rules, 2025, ensuring IST compliance. Submit feedback by 14th February 2025.
RBI revises FEMA regulations on payments and reporting for non-debt instruments. Learn key changes in modes of payment and remittance provisions.
RBI amends Foreign Exchange Management Regulations, enabling Indian exporters to hold foreign currency accounts abroad for export realisations and import payments.
RBI amends FEMA Deposit Regulations, allowing SNRR accounts abroad and facilitating fund transfers between repatriable Rupee accounts for bona fide transactions.
CPRI, Bengaluru, approved as a ‘Research Association’ under section 35 of the Income-tax Act, 1961, for tax benefits from AY 2025-26 to 2029-30.
The DGFT has notified the updated Export Policy (Schedule-II) of ITC(HS) 2022, aligned with the Finance Act 2024, effective immediately.
