Daily Newsletter - February 5, 2025
Latest additions to CAalley:
News Update:
Exposure Drafts:
From the ICAI:
Legal Updates:
News Update:
PM Gati Shakti, logistics policy to push India's World Bank ranking: Report
Finance ministry prohibits employees from using ChatGPT, DeepSeek on govt devices
If your salary is just above Rs 12 lakh, do you pay full tax of Rs 61,500?
Govt issues notice to Kia for $155 mn tax evasion, company denies charges
Services sector growth slows to more than 2-yr low of 56.5 in Jan: PMI data
All eyes on RBI Governor Sanjay Malhotra as MPC meeting begins on Wednesday
GST Council to soon take decision on rates, number of slabs: FM Sitharaman
Govt says 339 foreign companies registered in India in last 5 years
Sebi allows safer participation of retail investors in algo trading
NFRA penalises auditor for lapses in Religare Finvest case
GST rate rationalisation, simplification in the works; discussion between Centre, states underway
SEBI to mandate separate reporting on digital assurance of financial statement
IBBI updates liquidation process rules to boost transparency, efficiency
RBI's bond holdings to be treated at par with mkt, no swap for longer debt
[Australia] Deloitte agrees to pay Noumi shareholders $31m for audit failure
FRC launches market study into SME audit and reporting challenges
Exercising caution with non-GAAP measures and disclosures
Exposure Drafts:
Consultation Paper on draft circular for "Management Statement and Auditor’s / Independent Practitioner’s Report on digital assurance based on information obtained from external data repositories"
[Last date for Comments: February 24, 2025]
Proposed Accounting Standards Update
Codification Improvements
[Last date for Comments: April 22, 2025]
From the ICAI:
ICAI (Aggregation of LLPs) Guidelines, 2024
Legal Updates:
IBBI (Insolvency Resolution Process for Corporate Persons) (Amendment) Regulations, 2025
Safer participation of retail investors in Algorithmic trading
Liquidity Enhancement Scheme for Bullion Exchange
Amendment in Export Policy of De-Oiled Rice Bran [Notification No.56]
Corrigendum to Notification No. 50 of 2024 Customs, dated the 30th December, 2024
