Draft Inland Vessels (Survey and Certification) (First Amendment) Rules, 2025
The proposed amendments, titled the Inland Vessels (Survey and Certification) (First Amendment) Rules, 2025, aim to refine and improve the survey and certification process for inland vessels, ensuring safety and compliance.
Battery Waste Management Amendment Rules, 2025
The Ministry of Environment, Forest and Climate Change has notified amendments to the Battery Waste Management Rules, 2022, seeking to streamline compliance for battery producers. The amendments known as the Battery Waste Management Amendment Rules, 2025 was published on February 24, 2025.
Draft Inland Vessel (Design and Construction) (First Amendment) Rules, 2025
The Ministry of Ports, Shipping & Waterways has released draft amendments to the Inland Vessel (Design and Construction) Rules, 2024 and is inviting public objections and suggestions by March 27, 2025. The draft rules propose several modifications to enhance clarity, safety, and operational efficiency in inland vessel design and construction.
Registration on FIU-IND FINGate 2.0 portal
IFSCA has directed that Regulated Entities shall ensure that the registration on FIU-IND portal is completed prior to commencement of business and in case of an urgency to commence business, the registration shall be completed within 30 days from the date of commencement of business. In the event of any difficulty in registration, including technical issues, the Regulated Entities shall intimate the same via email to the FIU-IND helpdesk (helpdesk-re@fiuindia.gov.in)
IFSCA regulations Tokenization of Real-World Assets
These regulations intend to provide legal and regulatory recognition to ‘digital tokens’, representing rights of ownership or beneficial interest in underlying real-world assets.
Review of Risk Weights on Microfinance Loans
RBI has clarified that microfinance loans which are not in the nature of consumer credit and fulfil all the four criteria may be classified under RRP provided that the banks put in place appropriate policies and standard operating procedures to ensure fulfilment of the qualifying criteria.
DPIIT and Paytm join hands to promote fintech startups
As part of its Paytm for Startups initiative, Paytm will launch dedicated programs to support fintech hardware manufacturers, such as Soundbox and PoS/EDC device makers, in scaling efficiently. These initiatives include mentorship programs, access to funding through investor connections and incubation programs, regulatory guidance with industry-focused workshops, and periodic tracking and impact assessments. Additionally, through its CSR arm, Paytm Foundation, the company is nurturing deep-tech startups in Climate Tech, Web3, Agritech, and Mobility.
IFSCA Circular on Late Payment of Fees
The International Financial Services Centres Authority (IFSCA) has recently released an important circular regarding the interest charged on late payments of fees for entities undertaking permissible activities within the International Financial Services Centres (IFSC). The circular, issued on February 26, 2025, brings clarity to the fee structure and introduces a revised interest rate for late payments, which will come into effect starting March 1, 2025.
Jute Commissioner Sets Maximum Ex-Factory Prices for Jute Bags Amid Market Regulation
The Jute Commissioner has issued a final order fixing the maximum ex-factory prices for 580gm ‘Type-A’ and ‘Type-B’ jute bags, effective for February 2025. The prices fixed by this notification are exclusive of Goods and Services Tax (GST), which will be added to the ex-factory price and paid by the purchaser.
NMC Extends Deadline for Pending Eligibility Certificate (EC) Applications by Seven Days
The EMRB, NMC, has decided to grant an additional seven-day extension, from February 26, 2025, to March 4, 2025. This extension is specifically for candidates listed in Annexure-I of letter dated February 18, 2025.
