Daily Newsletter - October 13, 2023
Latest additions to CAalley:
News Update:
Acts & Regulations:
From the ICAI:
Legal Updates:
News Update:
RBI slaps monetary penalties on RBL Bank, Union Bank, and Bajaj Finance
RBI's Shaktikanta Das says US should rethink currency manipulator list
I-T pegs tax evasion by insurance companies, intermediaries at ₹30,000 cr
Keep boards in the loop of those whistleblower reports
RBI imposes Rs 5.39 crore penalty on Paytm Payments Bank
Higher interest rate puts pressure on CASA deposits, shows survey
Banks assess carbon risk of loan book amid investor, RBI push: Reports
ITAT holds Singapore’s tax residency certificate as proof for tax treaty eligibility
"Gangajal is exempted from GST", clarifies government after Congress mounts attack
Sebi extends time for investment advisers to comply with qualification rule
Countries working to resolve differences over Global tax deal: OECD draft
DPIIT revises white goods PLI scheme: Beneficiary must get cost certificate for sales
PCAOB: Audit deficiencies rising, despite quality reviews
UK: Sanctions against KPMG LLP, KPMG Audit plc and two former partners
FASB tightens draft environmental credit rule’s scope
Deloitte expands as PwC Maldives, Sri Lanka network firms exit
Acts & Regulations:
Master Circular on Know Your Client (KYC) norms for the securities market [Issued on October 12, 2023]
From the ICAI:
Manual on Concurrent Audit of Banks
[2023 edition]
Legal Updates:
Facility for the e- commerce operators through whom unregistered suppliers of goods can supply goods
Amendments in Para 4.10 (i) of the Handbook of Procedures, 2023 [Public Notice No.34]
Suspension of SION E-125 for export product Shea Stearine [Public Notice No.33]
EODC Camp in RAs w.e.f 13th November 2023 to 24th November 2023 [Trade Notice No.29]