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FOREIGN EXCHANGE MANAGEMENT ACT CASE
RBI plans unified code for foreign investment in equity instrumentsThe Reserve Bank of India proposed new rules for overseas fund flows. These draft norms will replace existing regulations governing foreign...22 Jul, 2026, 05.58 AM IST- RBI issues draft for future-ready rules related to foreign investmentsThe Reserve Bank of India has proposed new foreign investment rules. These simplified rules aim to enhance clarity and reduce complexity. I...21 Jul, 2026, 07.36 PM IST
- EbixCash becomes first non-bank entity to get RBI nod for trade remittancesEbixCash secured a perpetual Authorised Dealer Category-II licence from the Reserve Bank of India. This licence allows the company to handl...21 Jul, 2026, 05.40 PM IST
- ESOPs, Crypto and two other disclosures you must make in Schedule FA of the ITR for AY 2026-2027Indian taxpayers face new foreign asset reporting rules for AY 2026-2027. Schedule FA requires disclosures for foreign shares and overseas ...21 Jul, 2026, 05.11 PM IST
- Special court sentences 44 Somalian pirates to life imprisonment; praises Navy for prompt actionA Mumbai court has sentenced forty-four Somalian nationals to life imprisonment for piracy. These individuals were convicted in two separat...20 Jul, 2026, 09.28 PM IST
- 7 big income tax changes for 2026-27 that may reduce penalties for small mistakesNew income tax rules aim to reduce penalties for ordinary citizens. Minor foreign asset non-disclosures will not face prosecution from Octo...20 Jul, 2026, 11.57 AM IST
- ITR filing: How Bitcoin, NFTs, airdrops, gifted crypto, and overseas wallets are taxed in India and how to report themIndia's virtual digital asset taxation remains among the world's toughest. Investors face a flat thirty percent tax on gains and one percen...20 Jul, 2026, 11.50 AM IST
- NRI insurance: Benefits, risks, and features of GIFT City’s dollar-denominated insurance plansMany companies—including HDFC Life International, ICICI Prudential Life, ICICI Lombard, Star Union Dai-ichi Life, IndiaFirst Life and Tata-...20 Jul, 2026, 11.22 AM IST
- ED opens PMLA probe into foreign funds to NaxalsThe Enforcement Directorate has registered a money laundering case concerning foreign funds. Nearly ninety-five crore rupees in illegal for...20 Jul, 2026, 12.31 AM IST
- CCI junks complaint against Reliance Jio Infocom, othersThe Competition Commission of India (CCI) has dismissed a complaint against Reliance Jio Infocom Ltd and over 4,500 companies, citing a lac...17 Jul, 2026, 01.47 PM IST
- Opposition leaders to meet on July 20 to finalise strategy for Monsoon SessionLeaders of Opposition parties in the Rajya Sabha and Lok Sabha will meet on July 20 (Monday), the opening day of the Monsoon Session of Par...17 Jul, 2026, 09.04 AM IST
- Foreign or local? Investors at loss over GIFT fundsInvestors are grappling with confusion when it comes to reporting GIFT City fund investments in their tax returns. Fund houses provide vary...17 Jul, 2026, 07.41 AM IST
- ED uncovers alleged FCRA-linked network aiding Rohingya, Bangladeshi infiltrationThe Enforcement Directorate uncovered a network using charitable trusts for illegal infiltration. Funds from UK entities allegedly facilita...16 Jul, 2026, 01.44 PM IST
- Foreign assets in AIS: CBDT sets the stage for Foreign Assets of Small Taxpayers Disclosure SchemeThe CBDT’s decision to upload foreign financial information into taxpayers’ annual information statements may be more than an administrativ...16 Jul, 2026, 11.41 AM IST
- ITR 2026: Increased disclosure requirements for overseas investments and foreign assets—are Indian taxpayers ready?Indian taxpayers face new disclosure rules for foreign assets and investments. Global information exchange frameworks necessitate accurate ...14 Jul, 2026, 10.59 AM IST
- RBI steps up scrutiny of Corporate India's foreign investmentsIndian banks are now mandated to disclose their anti-money laundering measures concerning international business partners. Corporations wit...13 Jul, 2026, 07.27 AM IST
- ED initiates FEMA investigation against Mumbai-based film producerSearches were conducted against Kalanee Impex Ltd. and its director Dharmesh Sangani. Officials alleged undisclosed foreign assets and bank...10 Jul, 2026, 10.32 AM IST
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