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Policy & Regulation · 4 stories · About 2 minutesPublished 3:21 pm IST

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Policy & Regulation, at a glance.

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  1. 01Policy & RegulationUS Senate passes bill enabling up to 100% tariffs on Russian energy buyersThe measure introduces trade risks and potential cost pressures for major energy importers such as India.
  2. 04Policy & RegulationRBI proposes revised leverage ratio norms aligned with Basel standardsThe proposed framework updates leverage standards for major lenders operating in India.
  3. 06Policy & RegulationIndia reviews bilateral investment treaty model to boost foreign capital, official saysUpdates to the treaty framework directly influence how foreign investors are protected and regulated in the country.
  4. 10Policy & RegulationReserve Bank of India reviews Tata Sons application to exit upper-layer NBFC statusThe ruling will determine whether Tata Sons must list publicly.
Policy & RegulationLead story01 / 10

US Senate passes bill enabling up to 100% tariffs on Russian energy buyers

What happened

The US Senate passed legislation granting the president discretionary authority to impose tariffs of up to 100% on major buyers of Russian energy, establishing a mechanism to penalize entities and countries purchasing Russian oil.

Why it matters

The measure introduces trade risks and potential cost pressures for major energy importers such as India. If enforced, secondary tariff threats could force buyer nations to weigh cheap Russian energy imports against access to the US market.

Bigger picture

The bill highlights how Washington increasingly relies on secondary sanctions and tariff threats to curb Russian energy revenue, leveraging access to the domestic market to shape global trade behavior.

Watch next

Track the bill's progress through Congress, official responses from key energy importers, and any executive steps regarding potential enforcement.

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Policy & Regulation04 / 10

RBI proposes revised leverage ratio norms aligned with Basel standards

What happened

The Reserve Bank of India has issued draft amendment directions updating the leverage ratio framework for commercial banks to align with the Basel Committee's 2017 standard. Under the proposal, globally systemically important banks operating in India would be subject to a minimum 3.5% leverage ratio requirement alongside a specific buffer.

Why it matters

The proposed framework updates leverage standards for major lenders operating in India. Affected banks will need to evaluate their capital positions, which could influence balance sheet expansion and asset-liability management under the amended prudential rules.

Bigger picture

The proposal continues India's ongoing effort to align domestic banking regulations with international prudential standards, integrating modernized global frameworks on bank capital and risk management into domestic oversight.

Watch next

Stakeholders and industry participants have until August 28, 2026, to submit feedback on the draft directions via the Reserve Bank of India's website or directly to its Department of Regulation.

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Policy & Regulation06 / 10

India reviews bilateral investment treaty model to boost foreign capital, official says

What happened

India is reviewing its model bilateral investment treaty to encourage foreign capital inflows, according to a government official. Proposed modifications to the framework will be submitted to the cabinet for approval as India negotiates new investment pacts with several developed nations.

Why it matters

Updates to the treaty framework directly influence how foreign investors are protected and regulated in the country. Revised terms could help ease friction in pending trade talks and provide clearer legal safeguards for international capital operating in India.

Bigger picture

Modernizing the treaty framework reflects India's broader effort to attract long-term foreign direct investment and remain competitive against other emerging markets.

Watch next

Monitor the cabinet decision on the treaty modifications and updates on investment pact negotiations with developed nations.

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Policy & Regulation10 / 10

Reserve Bank of India reviews Tata Sons application to exit upper-layer NBFC status

What happened

The Reserve Bank of India is reviewing an application from Tata Sons to exit the central bank's upper-layer Non-Banking Financial Company framework.

Why it matters

The ruling will determine whether Tata Sons must list publicly. Remaining in the upper-layer framework mandates an initial public offering, whereas an exit would allow the holding company to remain private amid differing shareholder views over its ownership structure.

Bigger picture

The case illustrates how regulatory compliance rules for systemically important financial firms can conflict with closely held corporate structures when thresholds force private parent entities toward public markets.

Watch next

Monitor the Reserve Bank of India's decision on the exit request and any updates regarding consensus among Tata Sons shareholders.

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