Policy

Irdai plan to help check mis-selling, raise returns

• IRDAI proposed guidelines to reshape commission and expense structures for insurance distribution
• The plan aims to curb mis-selling and raise returns
• Changes to distribution costs and commissions may affect Indian insurers and insurance distributors

Revised green card rules, H-1B visa fee hike, social media vetting forcing Indians to rethink about American dream?

• Tighter US immigration policies include a $100,000 H-1B fee and stricter visa scrutiny
• Tighter US visa rules raise staffing uncertainty for Indian IT services companies

India extends RoDTEP export support till Dec 2026; raises insurance cover to 95% amid West Asia disruption

• RoDTEP export support extended until December 31, 2026
• Insurance risk coverage raised to 95% for eligible shipments amid West Asia disruption
• Export support and higher shipment cover benefit Indian exporters and insurers

Buying new car? Your motor insurance dealer may earn up to 38% commission - what IRDAI's proposed fix means

• IRDAI is scrutinising high commissions on mandatory motor insurance sold through dealers
• Dealer commissions can reach 38%; the regulator is proposing a fix
• Tighter commission rules could affect insurers and auto dealers, including Indian insurance distributors

Goyal at G20: India opposes making MFN conditional on WTO obligations

• Piyush Goyal represented India at the G20 Trade Ministers' Meeting
• India opposes making the Most-Favoured-Nation principle conditional on WTO obligations

A modest repo rate hike will be in order

GSTAT opens online route to club identical GST disputes

• Taxpayers with multiple GSTINs linked to one PAN can select appeals on identical legal questions pending before different benches
• Simpler GST appeals may reduce compliance burdens for Indian businesses

PMEGP may get 5-year extension till 2030-31 with Rs 15,000 crore outlay; govt weighs easier norms

• Government is considering extending PMEGP until 2030-31
• The proposed extension has an estimated Rs 15,000 crore outlay
• A larger PMEGP could support Indian micro-enterprises and employment

GST relief for gaming companies raises hopes across the sector

• Tax authorities took a softer approach in the first four final GST orders after the Supreme Court ruling
• Gaming companies may benefit from lower GST-related uncertainty

West Bengal finance minister calls for scrapping Urban Land Ceiling Act

• Swapan Dasgupta urged organised real-estate players to invest in West Bengal
• He cited land laws and tenancy issues as impediments to the state’s development
• Land-law changes could open development opportunities for Indian real-estate companies active in West Bengal

Trump expected to name intelligence chief Jay Clayton as AI czar

• The administration is weighing AI regulation and competition with China

Bonded warehouses may face 24-hour discrepancy reporting, five-year digital records under proposed customs overhaul

• Proposed customs overhaul may require bonded warehouses to report shortages or discrepancies electronically within 24 hours
• Warehouses may also need to keep digital records for five years
• Tighter compliance could raise costs for Indian warehousing and logistics operators