Daily CA One‑Liner: May 16
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DGFT tightens duty‑free gold import rules – The Directorate General of Foreign Trade has tightened regulations for duty‑free gold imports under the Advance Authorisation (AA) scheme for the gems and jewellery sector – a move to plug loopholes.
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RBI eases fintech tie‑ups for outward remittances – The Reserve Bank of India removed the requirement of prior approval for non‑bank entities (fintechs) to enter tie‑up arrangements for enabling outward remittance services through banks – a welcome step for digital payments.
Month: Current Affairs - May 16, 2026
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