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Daily Newsletter - January 29, 2025

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Latest additions to CAalley:

News Update:

Indian News

Budget 2025 News

International News

Useful Forms:

ITR eFiling Utilities for AY 2024-25

From the ICAI:

ICAI Publication

Legal Updates:

GST

IFSCA

RBI

SEBI

DGFT

 


  

News Update:

Indian News:

Global accounting bodies set to unite to reskill 3 million accountants in sustainability reporting, says ICAI Chief Agarwal

Economic Survey 2025 Highlights: Jobs, growth, fiscal deficit — how Indian economy performed and the way ahead

Ahead of Union Budget, Finance Minister Sitharaman tables Economic Survey 2024-25 in Parliament

BSE Sensex, Nifty50 special session: Will Indian stock markets remain open for Budget 2025 on February 1, 2025?

BAF: A refuge from volatility for new and risk-averse investors

Over 2 in 3 health insurance holders confirm premiums up 50-200% in 3 years

IRDAI limits health policy premium hike for seniors

RBI tightens norms for imposing penalty under payment systems law

RBI receives six fold bids worth Rs 1.2 trn at OMO purchase auction

RBI opts for longer-term bond buys to add liquidity at OMO purchase auction

SEBI cracks down on Motilal Oswal, imposes Rs 7 lakh penalty for regulatory breaches

Kerala HC stops EPFO from reducing 41 petitioners' higher PF pension

Companies in India not using IBC enough to resolve insolvency: IBBI chief

ARCs to see uptick in cumulative recovery rates in FY25 and 26: Crisil

Banks, importers seen lapping up India central bank's $5 billion FX swap

Sebi cracks down on 'finfluencers' with new rules on stock education

RBI expresses concerns over small finance banks: Mergers suggested to mitigate risks

UPI transaction won't work from Feb 1 if ID contains special characters

Govt approves Mutual Credit Guarantee scheme to strengthen MSME sector

Centre launches occupational shortage index to boost job opportunities

DGGI uncovers GST fraud involving Rs 3,200 cr worth fake invoices, two held

Sebi mulls amending investor charter for stock brokers to protect consumers

RBI aligns HFCs' NCD private placement rules with NBFC regulations

 

Budget 2025 News:

Member's Article: A Prospective Outlook - Union Budget 2025! - An article by CA Tushar Makkar

Ease of Doing Business should be a state-led initiative, not a sole mandate of Union govt: Economic Survey 2024-25

Eco Survey warns of risks for Indian stock market

Economic Survey shows concern for workplace mental health issues

Eco Survey: Amid rising 'protectionism', India needs new strategic roadmap

Economic Survey 2024-25: Key highlights and challenges the CEA presents

Economic Survey 2025 Highlights

Economic Survey 2024-25

 

International News:

ECB cuts rates by 0.25%, leaves room for more easing as growth lags

FRC launches campaign to support UK SMEs to grow and scale

US Fed leaves policy rate unchanged, says unemployment rate is low

PCAOB Debuts New Resource Page for Smaller Audit Firms


Useful Forms:

ITR eFiling Utilities for AY 2024-25:

The following Excel Utilities have been updated as on January 30, 2025:
ITR 2
ITR 3
ITR 4


From the ICAI:

ICAI Publication:

Guidance on Non-Compliances Observed by Quality Review Board During Quality Reviews (Volume 3)
[Published in January 2025]


Legal Updates:

GST:

Clarification on applicability of late fee for delay in furnishing of FORM GSTR-9C [CGST Circular No.246]

 

IFSCA:

Internet banking facilities for the Special Non-Resident Rupee (SNRR) accounts of IFSC units - Amendment

Permissible transactions through the Special Non-Resident Rupee (SNRR) accounts of IFSC units - Amendment

 

RBI:

Framework for imposing monetary penalty and compounding of offences under the Payment and Settlement Systems Act, 2007

 

SEBI:

Framework for Monitoring and Supervision of System Audit of Stock Brokers (SBs) through Technology based Measures

Parameters for external evaluation of Performance of Statutory Committees of Market Infrastructure Institutions (MIIs); and Mechanism for internal evaluation of Performance of MIIs and its Statutory Committees

Details/clarifications on provisions related to association of persons regulated by the Board, MIIs, and their agents with persons engaged in prohibited activities

 

DGFT:

Withdrawal of Para 2.76 of Handbook of Procedure - 2023 regarding Track and Trace system for export of drug formulations [Public Notice No.44]


  

  

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