RBI mandates expanded reporting of foreign exchange transactions, including spot and tom deals, to the Trade Repository starting February 2025.
EPFO issues guidelines for verifying character and antecedents of employees within six months of appointment to ensure integrity in government service.
RBI allows non-resident investment in 10-year Sovereign Green Bonds under Fully Accessible Route. New directive effective immediately from November 7, 2024.
IRDAI drafts new regulatory sandbox amendments to encourage insurance sector innovation and streamline compliance. Public comments are invited until November 25, 2024.
IRDAI proposes new regulations for insurers to maintain and share information securely. Comments requested by November 20, 2024.
Govt clarifies that a daughter’s name cannot be deleted from a pensioner’s family record, with eligibility for family pension decided as per rules after pensioner’s demise.
The Department of Pension announces a Dearness Relief hike to 53% for Central Govt pensioners and family pensioners, effective July 1, 2024.
From May 2025, banks must use only BIS-certified note sorting machines per RBI’s new standards to enhance banknote processing efficiency.
CBDT issues Notification No. 5/2024 for mandatory electronic filing of Forms 3CEDA and 3C-O under Income Tax Rules, effective from October 31, 2024.
IFSC Authority updates Market Infrastructure Institutions Regulations, 2024, enhancing governance, key personnel roles, and trading hours in financial markets.
