RBI has issued draft amendment directions to allow greater flexibility in pricing Rupee bulk deposits while maintaining transparency in interest rate disclosures. Stakeholders have been invited to submit comments by June 20, 2026. RBI Invites Public Feedback Because Deposit Interest Rate Framework Is Set for Revision
IBBI has notified amendments across several insolvency regulations to operationalize the Insolvency and Bankruptcy Code (Amendment) Act, 2026. The changes introduce new disclosure, authentication, grievance-handling, and procedural requirements.
The IBBI has amended liquidation regulations to place the Committee of Creditors at the center of the process. The changes aim to improve accountability, decision-making, and value realization during liquidation.
IBBI has amended the CIRP Regulations to enhance disclosures, strengthen information access, and introduce time-bound claim communication. The changes aim to make insolvency resolution more transparent and dispute-resilient.
The new payment linkage allows Indian travellers to use UPI apps directly at KHQR-enabled merchants in Cambodia. It marks a significant step in expanding UPI’s cross-border payment ecosystem.
Gross GST collections reached ₹1.94 lakh crore in May 2026, registering 3.2% growth. The increase was driven largely by a 19.1% rise in GST revenue from imports despite a decline in domestic collections.
GSTN has announced mandatory capture of Ship-To GSTIN in Bill-To/Ship-To transactions under the EWB system. The change aims to improve data accuracy and traceability of goods movement.
RBI issued revised draft directions to regulate recovery practices of banks, NBFCs, and other regulated entities. The framework prohibits coercive recovery methods and introduces stricter borrower protection, transparency, and grievance redressal measures.
RBI has released draft amendment directions for commercial and small finance banks to strengthen Pillar 3 disclosures under Basel norms. The proposal focuses on transparency, governance, comparability, and improved risk reporting standards for banks.
GSTN has launched a standardized Annexure-B Offline Utility for refund applications involving accumulated ITC to enable automated invoice verification. Taxpayers must now upload invoice-wise HSN/SAC details through the prescribed utility.
