DGFT extends support to exporters

As per the notification, the government has extended the benefits of the RoDTEP scheme for products exported by Advance Authorizations (AAs) holders, Special Economic Zones (SEZs), and Export-Oriented Units (EOUs) until February 5, 2025.

Revised framework for Treatment of Right-of-Use (ROU) Assets

RBI has clarified that regulated entities shall not be required to deduct an ROU asset (created in terms of Ind AS 116-Leases) from Owned Fund/ CET 1 capital/ Tier 1 capital (as the case may be), provided the underlying asset being taken on lease is a tangible asset. The ROU asset shall be risk-weighted at 100 per cent, consistent with the risk weight applied historically to the owned tangible assets.

Consultation Paper on Tokenization of Real-World Assets: Revised timeline

IFSCA had previously invited comments/ views from various market participants, academicians, domain experts and other public stakeholders on the subject of tokenization of real-world assets, by way of its consultation paper titled “Regulatory Approach towards Tokenization of Real-World Assets” dated February 26, 2025. The deadline for submission of the same was specified as March 20, 2025. With a view to widen the consultation process and provide adequate time to the stakeholders and public at large to offer their comments on the consultation paper, it is now decided to extend the deadline for submission of responses to April 30, 2025.

SEBI framework for unitholders & employees of AMCs

The amendments to the regulations, which will come into effect on April 1, 2025, introduce revised slabs for the percentage of salary that must be invested in mutual fund schemes. These revisions have been made to further streamline the process and facilitate ease of doing business for AMCs.

New framework for related party transactions: Revised timeline

SEBI issued a circular on March 21, 2025, extending the deadline for listed entities to adhere to the Industry Standards for related party transactions. The circular, titled “Industry Standards on Minimum Information to be Provided for Review of the Audit Committee and Shareholders for Approval of a Related Party Transaction,” aims to simplify the process of review and approval of RPTs, ensuring greater compliance and accountability.

Promoting Use of Local Currencies for Bilateral Transactions

The Reserve Bank of India (RBI) and the Bank of Mauritius (BOM) signed a Memorandum of Understanding (MoU) for establishing a framework to promote the use of local currencies, viz., the Indian Rupee (INR) and the Mauritian Rupee (MUR) for cross-border transactions. The MoU aims to promote the use of INR and MUR in bilateral […]

Unified Pension Scheme: New Pension Fund regulations

On 19th March 2025, the Pension Fund Regulatory and Development Authority (PFRDA) issued the PFRDA (Operationalisation of the Unified Pension Scheme under NPS) Regulations, 2025, via a gazette notification. This regulatory update marks a significant milestone in the implementation of the Unified Pension Scheme (UPS) for central government employees covered under the National Pension System […]