On March 31, 2026, the finance minister announced the replacement of the Old Rules (introduced on June 15, 2018) with a new framework. These changes aim to strengthen discipline, improve transparency, and ensure smoother functioning for all.
Key Notes & Information (Bullet Points)
New Guidelines Introduced & Mandatory documentation:
Clearer guidelines for accountability and with structure and accountability measures.
Focus on Discipline:
Strict timelines with penalties for delays Stricter enforcement of timelines and responsibilities. & Few Mandatory documentation ensured to follow
Transparency:
Faster approval process Rules are simplified for better understanding and compliance.
Flexibility Added:
Formal communication channels Certain processes now allow exceptions with prior approval.
Communication Protocols:
Flexibility with prior approval Defined channels for faster resolution of issues.
Monitoring & Feedback:
Regular monitoring & feedback Regular reviews to ensure adherence and improvement.
Timelines :
Current Rule: Flexible, often extended without penalty
New Rule: Strict deadlines with penalties for delays
Accountability
Current Rule: Shared responsibility, sometimes unclear
New Rule: Individual accountability clearly defined
Approval Process
Current Rule: Lengthy, multiple levels of clearance
New Rule: Streamlined with fewer steps, faster approvals
Communication
Current Rule: Informal, scattered channels
New Rule: Formalized communication through designated platforms
Flexibility
Current Rule: Limited scope for exceptions
New Rule: Exceptions allowed with prior written approval
Monitoring
Current Rule: Occasional checks, inconsistent
New Rule: Regular monitoring with structured feedback loops
Documentation
Current Rule: Minimal record-keeping
New Rule: Mandatory documentation for all key activities
This is my understanding and shared for legal and operational purposes please get in touch with the concerned company and Department.