GST rate schedule amendment revises Bihar goods classification entries for specified 2202 99 sub-classifications under state tax notifications.
Amendment to the Bihar GST state tax rate notification revises the goods classification entries in Schedule I (2.5%) and Schedule III (20%) by substituting specified tariff headings for the relevant serial numbers. The changes alter the entries corresponding to certain 2202 99 sub-classifications under the Bihar Goods and Services Tax framework. The notification amends the earlier notification dated 17 September 2025 and is deemed to come into force from 1 May 2026.

Foreign investment in insurance sector now allows full equity under automatic route with regulatory and governance conditions
Foreign investment policy for the insurance sector is revised by substituting the Schedule I entry for insurance under the Foreign Exchange Management (Non-debt Instruments) Rules, 2019. The amended framework permits 100% foreign investment in Indian insurance companies on the automatic route, subject to approval and verification by the Insurance Regulatory and Development Authority of India, compliance with the Insurance Act, 1938, and prescribed licensing, governance and pricing conditions. The 100% foreign equity cap is also extended to insurance intermediaries, and foreign investment in LIC is made subject to the Life Insurance Corporation Act, 1956 and applicable insurance law provisions.

GST rate schedule amendment aligns Rajasthan tariff entries for specified heading 2202 goods across two tax slabs.
Amendment to the Rajasthan GST rate notification aligns specified tariff entries in Schedule I and Schedule III with changes made under the Union Finance Act, 2026. The notification substitutes the entries against S. No. 150 and S. No. 151 in Schedule I, and against S. No. 2 and S. No. 3 in Schedule III, for the relevant product classifications under heading 2202. The amendment is issued under the Rajasthan Goods and Services Tax Act, 2017 on the Council's recommendation and takes effect from 1 May 2026.

Foreign investment restrictions tighten for land-border and Pakistan-linked ownership, with reporting and approval rules clarified
The amendment revises the Foreign Exchange Management (Non-debt Instruments) Rules, 2019 to regulate equity investment in Indian companies, especially where the investor, beneficial owner, or ownership chain involves a country sharing land border with India or Pakistan. It requires Government route investment and prior Government approval in specified restricted cases, applies Reserve Bank reporting where approval is not otherwise required, excludes certain multilateral banks or funds from country attribution, and treats issue or transfer of participating interest or right in oil fields to a person resident outside India as foreign investment subject to Schedule I.

GST rate classification amendment revises Goa SGST schedule entries for specified 2202 goods from 1 May 2026.
Amendment in the Goa SGST rate notification revises tariff entries in Schedule I at 2.5% and Schedule III at 20% by substituting specified HSN codes for certain serial numbers relating to goods classified under heading 2202. The changes modify the entries against serial numbers 150 and 151 in Schedule I and serial numbers 2 and 3 in Schedule III, with the revised classification entries taking effect from 1 May 2026.

Commencement of municipal law amendments takes effect for specified provisions under the Jan Vishwas Amendment framework.
The Central Government appoints 15 May 2026 as the date on which the provisions of the Jan Vishwas (Amendment of Provisions) Act, 2026, relating to serial number 26 and the corresponding Schedule entries concerning the Delhi Municipal Corporation Act, 1957, shall come into force. The notification is issued under section 1(2) of the 2026 Amendment Act and is confined to commencement of the specified provisions.

Commencement notification brings specified amendments relating to the New Delhi Municipal Council Act into force from 15 May 2026.
The Central Government appointed 15 May 2026 as the date on which the provisions of the Jan Vishwas (Amendment of Provisions) Act, 2026, relating to serial number 53 and the corresponding entries in the Schedule concerning the New Delhi Municipal Council Act, 1994, would come into force. The notification was issued under sub-section (2) of section 1 of the 2026 Amendment Act as a commencement notification for the specified scheduled amendment.

Commencement of Delhi Police Act provisions under the Jan Vishwas amendment takes effect from 15 May 2026.
Jan Vishwas (Amendment of Provisions) Act, 2026 provisions relating to the Delhi Police Act, 1978 are brought into force by notification under the commencement power in section 1(2) of the Act. The Central Government appoints 15 May 2026 as the date on which serial number 41 and the corresponding Schedule entries, insofar as they relate to the Delhi Police Act, 1978, come into operation.

Commencement of amendments under the Jan Vishwas framework brings Civil Defence Act-linked provisions into force on the appointed date.
The Central Government appoints 15 May 2026 as the date on which the provisions of the Jan Vishwas (Amendment of Provisions) Act, 2026 shall come into force insofar as they relate to serial number 34 and the corresponding Schedule entries concerning the Civil Defence Act, 1968. The notification fixes the operative commencement date for the identified schedule-based amendment.

Disaster management amendments come into force on 15 May 2026 under the Jan Vishwas framework.
The Central Government appoints 15 May 2026 as the date on which the provisions of the Jan Vishwas (Amendment of Provisions) Act, 2026, relating to serial number 60 and the corresponding Schedule entries concerning the Disaster Management Act, 2005, come into force.

Commencement notification brings specified amendments relating to private security agencies into force from 15 May 2026.
Brings into force specified provisions of the Jan Vishwas (Amendment of Provisions) Act, 2026 in relation to the Private Security Agencies (Regulation) Act, 2005. The Central Government appoints 15 May 2026 as the date from which the provisions corresponding to serial number 59 and the related entries in the Schedule shall take effect.

Commencement of amendment provisions for the Delhi Land Holdings Ceiling Act set to take effect from the notified date.
The Central Government appointed 15 May 2026 as the date on which the relevant provisions of the Jan Vishwas (Amendment of Provisions) Act, 2026, relating to serial number 28 and the corresponding Schedule entries concerning the Delhi Land Holdings (Ceiling) Act, 1960, would come into force.

ESI contribution and benefits commence for establishments in specified Lakshadweep islands from 1 May 2026.
Contribution by employers and employees of establishments in the specified islands of Lakshadweep is made payable from 1 May 2026 under section 29 of the Code on Social Security, 2020. From that date, employees of such establishments are to receive benefits under Chapter IV relating to the Employees State Insurance Corporation.

GST schedule amendment updates tariff classifications and prescribed entries for specified product codes in Nagaland.
The Nagaland Government amended its GST notification dated 17 September 2025 by substituting specified Harmonised System codes in Schedule I (2.5%) and Schedule III (20%). The changes apply to the listed serial numbers in the relevant schedules and update the entries for the identified product classifications. The notification takes effect from 1 May 2026.

Foreign exchange authorisation framework sets eligibility, turnover, fit and proper standards, permitted activities, and appeal requirements for authorised persons.
The regulations create the framework for authorisation, renewal, permitted activities, continuing obligations, appeal and supervision of authorised persons under the Foreign Exchange Management Act, 1999. They require Reserve Bank authorisation for acting as an authorised person, prescribe eligibility criteria, including corporate form, minimum net worth, turnover and fit and proper standards, and classify authorised persons as AD Category-I, AD Category-II, AD Category-III and FFMC. The regulations also set out category-wise permitted activities, conditions of authorisation, grounds for rejection or revocation, an appeal mechanism, and a Forex Correspondent Scheme for agent-based money changing operations.

Tariff value revisions for edible oils, brass scrap, gold, silver and areca nut take effect from 1 May 2026.
Tariff values for specified imported goods are revised by substituting the existing tables for edible oils, brass scrap, gold, silver and areca nut. The notification fixes customs tariff values for crude palm oil, refined palm oil, palmolein variants, crude soya bean oil and brass scrap, and separately prescribes tariff values for gold and silver in particular forms, including certain bullion, coins and semi-manufactured forms. It also continues the tariff value for areca nuts without change. The revised tariff values apply from 1 May 2026 and replace the earlier tables in the principal notification.

Export-related RIC rates for high speed diesel oil are revised to Nil under the amended Central Excise notification.
The Central Government amends the existing Central Excise notification governing export-related RIC rates for high speed diesel oil exported outside India. The amendment substitutes the entry at serial number 2, column (4) of the table with the entry "Nil", thereby revising the applicable rate under the principal notification. The change comes into force on 1 May 2026.

Special Additional Excise Duty on aviation turbine fuel exports revised through amendment to the existing notification.
Revision of Special Additional Excise Duty on exports of aviation turbine fuel outside India was made by amending the existing Central Excise notification. The amendment substitutes the rate entry in the table for the specified export category, thereby updating the duty applicable to that item under the notification framework. The revised rate applies from 1 May 2026.

Special additional excise duty on high speed diesel exports revised to a new per-litre rate from 1 May 2026.
Amends the special additional excise duty structure applicable to exports of high speed diesel oil outside India by revising the rate specified in the earlier exemption notification. The amendment substitutes the relevant table entry with Rs. 23 per litre and takes effect from 1 May 2026.

RoDTEP schedule alignment updates tariff coverage, rates and value caps for amended customs classifications from 01.05.2026.
Alignment of the RoDTEP Schedule with amendments made to the First Schedule of the Customs Tariff Act, 1975 introduces corresponding changes in Appendix 4R and Appendix 4RE with effect from 01.05.2026. The revised schedule reflects tariff-level realignment of RoDTEP coverage, including addition of new 8-digit tariff lines, deletion of specified tariff lines, and change in description for certain tariff items. The notification also revises the applicable RoDTEP rates and value caps for the affected items and states that the updated HS codes, rates and caps are available on the DGFT portal.