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Daily Newsletter - June 7, 2024

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Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Drafts:

CCI Exposure Draft

SEBI Draft

Acts & Regulations:

SEBI Master Circular

Legal Updates:

Income Tax








News Update:

Indian News:

GST department makes one more arrest under Operation Palm Tree

RBI to set up digital payments intelligence platform to prevent fraud

FASTags, NCMC payments to become easier: You don't have to add money manually for each recharge

RBI permits automatic replenishment of UPI Lite wallet: Check details

RBI brings gold reserve to India; nothing more should be read into it: Das

RBI hikes threshold for bulk fixed deposit to Rs 3 crore from Rs 2 crore

RBI will act only if inflation stays put at 4%, says Governor Das

Repo rate unchanged for 8th time, GDP raised: 5 key takeaways from RBI MPC

Sebi mandates KRAs to update KYC info on Central KYC Records Registry

Sebi to penalise stock exchanges for any lapses in surveillance

CCI draft regulations: Company commitments to be closely watched

AAR rules 18% GST on infant food containing milk, other ingredients

Sebi warns ICICI Bank over investor outreach for ICICI Securities delisting

RBI penalties surge 88% in last 3 years, KYC and AML top violations list

Foreign investors now have more time to report changes to regulator Sebi

Mumbai 1st In India & 4th In World To Launch Climate Budget

No exemption for SEZ units under the proposed Central Excise Bill

Sebi mulls raising limit for basic service demat account to Rs 10 lakh


International News:

SEC, FASB officials stress tone at the top, new standards

Exposure Drafts:

CCI Exposure Draft:

Draft 'The Competition Commission of India (General) Regulations, 2009'
[Last date for comments: July 8, 2024] 


SEBI Draft:

Consultation paper on Review of Facility for Basic Services Demat Account (BSDA) for Financial Inclusion and Ease of Investing
[Last date for Comments: June 26, 2024] 

Acts & Regulations:

SEBI Master Circular:

Guidelines on AML Standards and CFT/Obligations of Securities Market Intermediaries under the Prevention of Money Laundering Act, 2002 and Rules framed there under
[Published on June 6, 2024]

Legal Updates:

Income Tax:

Amendments in Jurisdiction of Principal Chief Commissioner of Income-tax, UP [Notification No.50]



Amendment to Master Direction - Reserve Bank of India (Interest Rate on Deposits) Directions, 2016



Uploading of KYC information by KYC Registration Agencies (KRAs) to Central KYC Records Registry (CKYCRR)

Framework of “Financial Disincentives for Surveillance Related Lapses” at Market Infrastructure Institutions



Insurance claims relating to Cyclone Remal and subsequent heavy rains/floods



Enabling provisions for import of inputs that are subjected to mandatory Quality Control Orders (QCOs) by Advance Authorisation holders, EOU and SEZ [Notification No.16]

Export of food commodities through National Cooperative Exports Limited (NCEL) [Notification No.15]

Enabling provisions for import of inputs that are subjected to mandatory Quality Control Orders (QCOs) by Advance Authorisation holders, EOU and SEZ [Public Notice No.10]

Revision in Para 2 (b) of the Guidelines For Applicants under ANF-4F of the Hand Book of Procedures 2023 [Public Notice No.9]



Exchange Rate Notification dated 06.06.2024 [Notification No.40(NT)]

Customs duty on Display Assembly of a cellular mobile phone [Circular No.6]

Appointment of Common Adjudicating Authority for the purpose of finalization of Provisional Assessment in SVB case w.r.t. M/s ADT India Pvt. Ltd [Notification No.39(NT)]



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