India enforces 30% duty on yellow peas beginning Nov 1 while wider financial rule changes simultaneously activate

India initiated a new 30% yellow pea import duty and activated bank nominee flexibility along with SBI Card fee updates under evolving consumer protection and governance reforms.

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India enforces 30% duty on yellow peas beginning Nov 1 while wider financial rule changes simultaneously activate

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India initiated a new 30% yellow pea import duty and activated bank nominee flexibility along with SBI Card fee updates under evolving consumer protection and governance reforms.
New regulatory steps effective Nov 1 include the implementation of a 30% import duty on yellow peas, driven to support domestic producer interests while acknowledging potential upward inflation sensitivity on key food categories. Multiple finance-linked rules also became operative at the same time, enabling bank account holders the right to nominate up to four nominees and revised fee norms being applied by SBI Card. All three procedural adjustments align toward improved consumer protection, transparency, and oversight. Combined, these measures contribute to policy continuity aimed at governance reinforcement and responsible financial sector compliance under a calibrated domestic policy stance.
Nov 1, 2025 • 04:54
Sentinel