AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
FeaturedFEMA Overseas Direct Investment rules updated with 400% net worth limit, RBI approval thresholds, and mandatory APR/FLA reporting. Loans and guarantees now under tighter scrutiny.
FeaturedThe FEMA Export-Import Regulations 2026 introduce revised timelines, set-off rules, advance payment norms, and enhanced AD bank powers. The framework aims to streamline compliance and strengthen oversight.
FeaturedEffective October 2026, RBI mandates a 20% foreign exchange risk reserve for qualifying INR non-deliverable derivatives exceeding USD 2 million. The reserve must be maintained in daily cash deposits to curb speculative trading by non-residents.
FeaturedThe Kerala High Court ruled on government use of a patented cancer drug Ribociclib under Section 100 of the Patents Act, balancing access to medicine against patent rights amid evolving drug pricing and enforcement policies.
FeaturedRBI’s updated ECL framework enhances early stress recognition; ARC sales and SNFA rules shape resolution pathways, reducing reliance on public bailouts.
FeaturedEffective 16 October 2026, the RBI increases the daily minimum Cash Reserve Ratio (CRR) maintenance from 90% to 99% of the required average, enhancing liquidity absorption and monetary control.
FeaturedThe Reserve Bank of India has imposed a 20% foreign exchange risk reserve on non-deliverable INR derivative contracts exceeding USD 2 million, requiring daily cash deposits and strict reporting by authorized dealers.
FeaturedRBI issued multiple amendment directions in October 2026, aligning capital adequacy norms for commercial, small finance, and payments banks with international standards, particularly on legal opinions for clearing members.
FeaturedThe Kerala High Court ruled on government use of patented inventions under Section 100 of the Patents Act in the context of access to Ribociclib, a cancer drug. The order balances public health needs with patent rights, amid evolving pricing and enforcement policies.
FeaturedThe 57th GST Council approved key reforms on registration, ITC eligibility, refund processing, penalty rationalization, and e-invoicing expansion.
FeaturedMadras High Court quashed a GST assessment demanding more than the show cause notice, mandating fresh proceedings for any enhanced demand.
FeaturedThe Supreme Court, led by CJI Surya Kant, will hear all Delhi protest-related cases on October 15, 2026, including contempt and police action petitions. Petitioners must rectify filing defects for listing.
FeaturedThe Supreme Court stayed the trial against Rahul Gandhi in a criminal defamation case over his 2018 'commander-in-thief' remarks about PM Narendra Modi. The Court issued notice to the State, returnable in four weeks.