Introduction On September 19, 2025, the International Financial Services Centres Authority (“ IFSCA ”) issued the Draft FinTech Sandbox Framework, ( “Draft Framework ”), a strategic initiative designed to empower both domestic and international entities to test disruptive financial technologies in a controlled, live environment. The Draft Framework seeks to promote the growth of fintech innovations at International Financial Services Centres (“ IFSCs ”) from Indian and foreig

Introduction The International Financial Services Centres Authority (“ IFSCA ”) has notified the IFSCA (Fund Management) Regulations, 2025 (“ FM Regulations, 2025 ”), introducing a refreshed regulatory framework for fund management activities within IFSCs. These new regulations repeal and replace the earlier IFSCA (Fund Management) Regulations, 2022 (“ FM Regulations, 2022 ”), aiming to enhance operational clarity, investor protection, and alignment with international stand

We are delighted to share this week's AKP Corporate & Compliance Weekly Digest. Please feel free to write to us with your feedback at info@akandpartners.in. 1. Labour Law 1.1. Centre notifies draft Industrial Relations (Central) Rules, 2025 for consultation Ministry of Labour and Employment [“ MoLE ”] issued the draft Industrial Relations (Central) Rules, 2025 under the Industrial Relations Code, 2020 and the General Clauses Act, 1897, proposing to repl

We are delighted to share this week's AKP Banking & Finance Weekly Digest. Please feel free to write to us with your feedback at info@akandpartners.in. 1. Regulatory Updates 1.1. India Reserve Bank of India (RBI) 1.1.1. RBI releases Report on Trend and Progress of Banking in India 2024–25 Reserve Bank of India (“ RBI ”) released the Report on Trend and Progress of Banking in India 2024–25 covering performance of commercial banks, co-operative banks and non-banking fin

We are delighted to share this week's AKP Banking & Finance Weekly Digest. Please feel free to write to us with your feedback at info@akandpartners.in. 1. Regulatory Updates 1.1. India Reserve Bank of India (RBI) 1.1.1. RBI announces open market operation purchases and USD/INR swap to inject liquidity Reserve Bank of India (“ RBI ”) announced liquidity injection measures after reviewing current liquidity and financial conditions. The RBI will conduct open market opera

We are delighted to share this week's AKP Corporate & Compliance Weekly Digest. Please feel free to write to us with your feedback at info@akandpartners.in. 1. Labour Law 1.1. Madhya Pradesh tightens inspection controls for small establishments The Labour Department, Government of Madhya Pradesh, notified that establishments employing less than 20 (twenty) employees will not be inspected without prior permission of the State Government. Inspections of s

We are delighted to share this week's AKP Banking & Finance Weekly Digest. Please feel free to write to us with your feedback at info@akandpartners.in. 1. Regulatory Updates 1.1. India Reserve Bank of India (RBI) 1.1.1. RBI assigns lead bank responsibility for Gujarat’s newly created Vav-Tharad district Reserve Bank of India (“ RBI ”) informed lead banks that the Government of Gujarat has notified the formation of a new district, Vav-Thara, and that Bank of Baroda wil

We are delighted to share this week's AKP Corporate & Compliance Weekly Digest. Please feel free to write to us with your feedback at info@akandpartners.in. 1. Labour Law 1.1. Banking services continued to be declared a public utility service under Industrial Disputes Act The Ministry of Labour and Employment (“ MoLE ”) has notified that services engaged in the banking industry (covered under item 2 of the First Schedule to the Industrial Disputes Act,

We are delighted to share this week's AKP Corporate & Compliance Weekly Digest. Please feel free to write to us with your feedback at info@akandpartners.in. 1. Labour Law 1.1. Centre issues Industrial Relations Code (Removal of Difficulties) Order, 2025 The Ministry of Labour and Employment notified the Industrial Relations Code (Removal of Difficulties) Order, 2025, with effect from December 8, 2025. It clarifies that the existing Labour Courts, Industrial Tribunals and