IFSCA on 9th April, 2024 has issued the Foreign Exchange Management (Foreign Currency Accounts by a person resident in India) (Amendment) Regulations, 2024. The amendment provides that funds raised through External Commercial Borrowings (ECB) or through American Depository Receipts (ADRs) or Global Depository Receipts (GDRs) or through direct listing of equity shares of companies incorporated in India on International Exchanges, pending their utilization or repatriation to India, be held in foreign currency accounts with a bank outside India.
Draft University Grants Commission (Promotion of Equity in Higher Education Institutions) Regulations, 2025
4 March 2025
The core objective of these new regulations is to eradicate discrimination within higher educational institutions (HEIs) based on caste, religion, sex, and other identity markers.
