RBI amended the capital adequacy norms for Payments Banks by revising rules for inclusion of quarterly profits in CET1 capital. The new framework allows quarterly profit recognition subject to audit and prescribed deductions.
IFSCA amended its TechFin and Ancillary Services Regulations to create a separate regulatory framework for Trust and Company Services Providers in IFSCs. The amendment introduces registration, governance, compliance, and reporting requirements for TCSP entities.
RBI notified the Foreign Exchange Management (Authorised Persons) Regulations, 2026 introducing revised eligibility, compliance, and operational conditions for authorised persons. The regulations also restructure forex operations through new categorisation and oversight mechanisms.
The issue involved foreign investment limits in the insurance sector under FEMA regulations. The amendment allows up to 100% FDI under the automatic route, subject to regulatory compliance. The change aims to boost foreign participation while ensuring oversight.
The issue involved foreign investment from countries sharing land borders with India. The amendment mandates Government approval for such investments, including indirect ownership. The ruling strengthens scrutiny to safeguard national interests.
DGFT revised the RoDTEP schedule to reflect amendments in the Customs Tariff Act. The update ensures consistency between export incentives and tariff classifications.
Notification No. 21/2026-Central Excise revises the RIC rate on exports of high-speed diesel oil outside India to Nil, effective May 1, 2026.
Notification No. 20/2026-Central Excise revises the SAED rate on exports of ATF outside India to Rs. 33 per litre, effective May 1, 2026.
Notification No. 19/2026-Central Excise revises the SAED rate on exports of high-speed diesel oil outside India to Rs. 23 per litre from May 1, 2026.
The government has amended multiple customs notifications to update tariff classifications across sectors. The move ensures uniformity and reduces ambiguity in exemption eligibility.
