IFSCA released draft regulations mandating authorisation, net worth, risk management, and governance standards for Electronic Trading Platforms in IFSCs. Cryptocurrencies are expressly barred from trading under the proposed framework.
The Government has retained wheat exports as “Prohibited” but allowed shipment of 25 Lakh Metric Tonnes under specified conditions. Detailed modalities will be notified separately, maintaining regulatory control.
The government has permitted export of an additional 5 LMT of wheat flour under HS Code 1101, even though exports remain classified as Prohibited. Detailed procedures will be notified separately by DGFT.
The draft regulations introduce a structured framework for engagement of IFSC Financial Advisers by Financial Institutions. The move aims to enhance advisory-stage oversight and align IFSC with global regulatory standards.
The government has limited RoDTEP benefits to 50% of existing rates and value caps with immediate effect. The notification amends Appendix 4R and 4RE under the Foreign Trade Policy 2023.
RBI amended FEMA regulations to require a Currency Declaration Form when foreign exchange carried by passengers exceeds prescribed limits. The rule improves transparency in cross-border currency movement.
The central bank has made UTI generation compulsory for all OTC derivative transactions reported in India from January 1, 2027. The move aims to enhance transparency, global harmonisation, and lifecycle tracking of derivative contracts.
Finance Ministry notifies DGGI ADG as nodal officer under IT Rules and designates Afcom Holdings as Indian carrier under Central Sales Tax Act.
Following the creation of Hansi district, Punjab National Bank has been designated as the Lead Bank. Other districts in Haryana remain unaffected.
The central bank has notified amendments to the ECB framework and consolidated borrowing provisions under updated Regulations. Authorised Dealer banks must follow the revised rules and note deletion of key master direction paragraphs and FAQs.
