TRAI issues amended Rating Manual 2026 for assessment of digital connectivity
Digital Connectivity Rating Agencies, property managers and service providers must apply TRAI's amended assessment manual immediately
PIB
23 briefs
India exempts FPI interest and capital gains on Government securities from income tax
FPI custodians, fund administrators and tax functions must treat interest and capital gains on Indian Government securities as income-tax exempt for amounts arising on or after 1 April 2026, changing withholding and investor tax reporting.
Office of Economic Adviser, DPIIT revises WPI base year to 2022–23
Contract and procurement teams must migrate escalation clause references from WPI 2011-12 to Output PPI or the new WPI 2022-23 series before 15 June 2031 — the old series will be discontinued on that date.
India-Oman Comprehensive Economic Partnership Agreement enters into force on 1 June 2026
Indian exporters must apply CEPA preferential tariff treatment on covered HS lines for Oman shipments from 1 June 2026 — shipments not claiming CEPA treatment remain subject to Oman's standard tariffs of 5–100%.
Central Government notifies export levies on petrol, diesel and ATF for fortnight beginning 1 June 2026
Exporters of petrol, diesel and ATF must apply notified per-litre SAED rates on all export shipments from 1 June 2026 — rates are fortnightly and will be revised around 15 June 2026.
Central Government exempts customs duties on cotton imports 1 Jun–31 Oct 2026
Textile and apparel import procurement and customs teams must apply zero customs duty to cotton imports landed between 1 June and 31 October 2026 — the exemption is time-limited and lapses automatically.
MCA amends Schedule VII and CSR Policy Rules to permit zero coupon zero principal instrument subscriptions, capped at 10% of annual CSR spend
CSR-mandated companies may now subscribe to ZCZP instruments on the Social Stock Exchange as eligible CSR spend, subject to a 10% annual cap; NPOs issuing such instruments must accept project execution and evaluation responsibility under Rule 4A.
CAQM revokes Stage-I GRAP restrictions across NCR with immediate effect
Stage-I GRAP restrictions across the NCR are lifted with immediate effect — industries, construction sites, and diesel generator operators subject to Stage-I curbs must update operational status now.
MNRE denies blanket ALMM List-II extension beyond 1 June 2026
Renewable project developers must seek project-wise ALMM List-II relief by 30 June
Department of Consumer Affairs adds fuel dispensers to GATC verification rules
GATCs can verify fuel dispensers under fixed per-nozzle Legal Metrology fees
India brings Pregabalin under Schedule H1 controls
Pregabalin supply-chain operators must apply Schedule H1 prescription, register and labelling controls
CAQM invokes Stage-I GRAP across Delhi-NCR
Delhi-NCR operators must apply Stage-I GRAP controls immediately