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Daily Newsletter - February 7, 2025

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Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Drafts:

IBBI Draft

SEBI Drafts

Useful Forms:

GST Form

Legal Updates:

GST

RBI

IRDAI

DGFT

 


  

News Update:

Indian News:

RBI defers proposed LCR norms implementation till at least March 31, 2026

New income-tax law explained: No new taxes, simplified for common man

Kia challenges $14 million tax demand by India over trade treaty benefits

Sebi slaps Rs 34 cr fine on Brightcom Group, promoters for misrepresenting financials

Delhi court summons ED director over failure to provide documents in ₹88-crore SEBI fraud case

Bank unions give 2-day strike call beginning March 24

Sebi-registered non-bank brokers can directly access NDS-OM, says RBI

RBI allows 156 vostro accounts with 26 banks for rupee trade settlement

RBI announces to add bond derivatives to investors' hedging toolkit

RBI MPC meeting: Forex policy has remained consistent, does not target any exchange rate, says Governor Sanjay Malhotra

RBI to delay higher digital deposit buffer for banks, governor says

RBI to introduce 'bank.in' and 'fin.in' domains to enhance payment security

RBI introduces extra security for international online payments with AFA

RBI will implement major regulations in phased manner, says Governor

RBI MPC cuts repo rate by 25 bps to 6.25%, continues with 'neutral' stance

Income tax bill won't raise tax or compliance load: Finance secretary Tuhin Kanta Pandey

EPFO settled record 5 crore claims worth Rs 2 lakh crore in FY25: Govt

Sebi’s pitch for combo products may work for small investors

Grant Thornton arm probing govt fund misuse at Assocham

New I-T bill not to have provisos; may come up in Cabinet on Friday

RBI directs NBFCs to disclose maximum loan charges, seek board approval

New RBI Governor Sanjay Malhotra expected to begin interest rate cuts

NPCI chief advocates for stronger legal systems to deter cyber frauds

Here're the foreign companies embroiled in tax disputes with govt

IBBI moots two-stage approval process to speed up rescue of bankrupt firms

IBBI revises insolvency rules to support homebuyers in resolution process

IBBI proposes coordinated insolvency resolution for interconnected entities

GST authorities clamp down on IndiGo with Rs 115.86 crore penalty

 

International News:

PCAOB Criticizes Deloitte, Grant Thornton for Quality Control Issues for Fourth Year in a Row; Flags Deficiencies at 16 Firms

Bank of England cuts rates to 4.5%, sees higher inflation, weaker growth

PCAOB warns audit firms about using 'specialists'


Exposure Drafts:

IBBI Draft:

Discussion Paper on streamlining processes under the Code
[Last date for Comments: February 25, 2025] 

 

SEBI Drafts:

Consultation Paper on review of Regulation 17 (a) of SEBI (AIF) Regulations, 2012, with the objective of Ease of Doing Business
[Last date for Comments: February 28, 2025] 

Consultation Paper on Draft Circular on Extension of automated implementation of trading window closure to Immediate Relatives of Designated Persons
[Last date for Comments: February 28, 2025] 


Useful Forms:

GST Form:

Form GST REG-12 (New)


Legal Updates:

GST:

Advisory on E-Way Bill Generation for Goods under chapter 71

 

RBI:

Change in Bank Rate

Standing Liquidity Facility for Primary Dealers

Liquidity Adjustment Facility - Change in rates a

 

IRDAI:

Reconstitution of Inter-Disciplinary Standing Committee on Cyber Security

 

DGFT:

Amendment in Import Policy condition no. 1(III) under Chapter 87 of ITC (HS), 2022, Schedule –I (Import Policy) [Notification No.58]

Export of Broken Rice to Senegal through National Cooperative Exports Limited (NCEL) [Notification No.57]

Amendments in conditions of the Standard Input Output Norms (SION) at E-136 for export of Wheat Flour [Public Notice No.47]

Amendments in Standard Input Output Norms (SION) A-222 for export of Erythromycin Stearate Tablet [Public Notice No.46]


  

  

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