New foreign policy: No more track & trace for medicine export
The Directorate General of Foreign Trade (DGFT) has decided to streamline export regulations by aligning with the evolving regulatory framework of the Ministry of Health & Family Welfare (MoH&FW). Accordingly, the provisions related to the Track and Trace System for pharmaceutical exports under the Foreign Trade Policy (FTP) are being withdrawn.
Insuring Healthcare for old age: new initiatives
The Insurance Regulatory and Development Authority of India (IRDAI) has introduced several measures to protect senior citizens from exorbitant health insurance premium hikes. One of the most significant changes is the cap on premium increases, ensuring that health insurance premiums for senior citizens cannot be raised by more than 10% in a year. Additionally, if insurers wish to increase premiums beyond this limit, they must first seek approval from IRDAI.
Review meeting on the implementation of new criminal laws
Government review meeting on the implementation of new criminal laws has mandated that a review should be conducted to ensure the utilization of the provision in the Act that allows seeking permission from the court. Home minister emphasized the need to establish a system where FIRs can be transferred between two states through the Crime and Criminal Tracking Network and Systems (CCTNS).
New Framework for imposing monetary penalty and compounding of offences
The revised framework enhances regulatory compliance by strengthening RBI’s enforcement mechanisms. Payment system operators and banks must align with these norms to ensure smooth financial operations and avoid hefty penalties. Proactive adherence to RBI regulations will not only safeguard businesses but also contribute to a robust and secure digital payment landscape in India.
Ease of doing business for IFSC units; NRIs can open special rupee accounts
A unit in an International Financial Services Centre (IFSC) may open an SNRR account with an authorised dealer in India (outside IFSC) to be used for all business related transactions of the IFSC unit.
New vision: promotion of maritime industry & seafarers welfare
The DGS’s initiative to improve the financial and mental well-being of Indian seafarers is a commendable step toward safeguarding their future. By voluntarily participating in the data collection drive, seafarers can contribute to the creation of a robust support system that benefits them and their families. With these efforts, the Indian maritime industry is set to strengthen its workforce, ensuring that seafarers receive the recognition, security, and support they rightfully deserve.
iSPOT – New Portal for Reporting Technical Glitches
The Securities and Exchange Board of India (SEBI) has taken a significant step towards streamlining the reporting and management of technical glitches in the securities market. On January 28, 2025, SEBI issued a circular announcing the launch of iSPOT (Integrated SEBI Portal for Technical Glitches). This web-based platform aims to enhance efficiency, transparency, and compliance in handling technical failures across Market Infrastructure Institutions (MIIs), which include stock exchanges, clearing corporations, and depositories.
Prohibited activities in the securities market: what to know
SEBI’s January 2025 circular reinforces its commitment to investor protection and market discipline. Market intermediaries and infrastructure institutions must proactively ensure compliance, as failure to do so could invite regulatory scrutiny and penalties. By fostering transparency and accountability, SEBI aims to create a safer and more reliable securities market for investors.
New guidelines for Housing Finances Companies to raise money
The revised guidelines shall be applicable to all fresh private placements of NCDs (with maturity more than one year) by HFCs from the date of this circular.
Auction of USD 5 billion dollar
The market participants would be required to place their bids in terms of the premium that they are willing to pay to the Reserve Bank for the tenor of the swap, expressed in paisa terms up to two decimal places. The auction cut-off would be based on the premium. The auction will be a multiple-price based auction, i.e., successful bids will get accepted at their respective quoted premium.
