RBI directs regulated entities to update their sanctions screening after two names are removed from the ISIL and Al-Qaida list, reinforcing mandatory UAPA procedures.
The guidelines clarify that relief measures will not be treated as restructuring and will not lead to asset-classification downgrade. They also require lenders to create additional provisions and ensure borrower credit histories remain unaffected.
CBIC removes export duty on cane molasses and reduces basic customs duty on crude olive pomace oil through amendments to earlier customs notifications.
RBI amends FEMA regulations to allow exporters 15 months, up from nine, for repatriating export proceeds, providing greater flexibility in compliance with foreign exchange rules.
A recent amendment increases the deadline for realising export proceeds from nine to fifteen months, offering exporters greater flexibility in meeting FEMA requirements.
The notification introduces Aggressive and Balanced Life Cycle Funds under NPS and UPS, offering higher equity exposure and age-based tapering to improve retirement planning flexibility.
Breaks down major updates including digital registration, reduced compliance for small establishments, revised working hours, and structured penalties.
The notification grants five-year approval for eligible scientific research activities under Section 35(1)(iia). It confirms retrospective applicability without adverse impact.
The Finance Ministry notifies the India-Belgium protocol amending the 1993 tax treaty, effective June 26, 2025, updating definitions, information exchange, and tax collection assistance provisions.
The RBI excludes 19 regional rural banks from the Second Schedule, changing their official recognition and regulatory status under the RBI Act.
