Daily Newsletter - August 6, 2025

Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Draft:

IFSCA Draft

Acts & Regulations:

RBI Master Direction

International Content:

FRC Reference Material

Legal Updates:

SEBi

RBI

IFSCA

Customs

News Update:

Indian News:

‘Can’t be subjected to harassment in this manner’: Delhi HC raps GST dept over raids at advocate’s office

GSTAT hearings to start 'very soon': Centre appoints key members, states to follow suit

Lok Sabha passes Merchant Shipping (Amendment) Bill

CFO churn: Most finance bosses exit in 2 years

Fake cops, money laundering via crypto: ED raids 11 locations; all you need to know about Rs 260cr global cyber fraud

RBI announces 3 consumer-centric schemes to drive financial inclusion

RBI MPC meet: What stayed the same, what changed in August policy review

RBI MPC meet: Key highlights from Governor Sanjay Malhotra's speech

PSBs told to setup one portal for startup lending

RBI removes prior approval requirement for opening vostro accounts

Jane Street guys are brilliant mathematicians, but we can have PhDs too: Sebi chief

IT dept finds ₹30,444 cr undisclosed income in FY25, held 465 surveys

Aadhaar is new weak link in insurance

Parl panel urges FinMin to expedite full enforcement of GSTAT benches

Amend Companies Act to bolster ESG initiatives, set up oversight body: House panel tells MCA

SEBI wants bigger slice for MFs, Ulips and pension funds in IPO pie

Parl panel suggests regional fintech clusters on lines of GIFT City

IndusInd Bank appoints Rajiv Anand as MD & CEO for 3 years, effective Aug

Sebi proposes to relax limits for approval, disclosure of related-party transactions

International News:

FASB introduces guidance on credit losses for receivables

Exposure Draft:

IFSCA Draft:

Public Consultation for Review of IFSCA (Global In-House Centres) Regulations, 2020
[Last date for Comments: August 30, 2025]

Acts & Regulations:

RBI Master Direction:

Master Direction – Export of Goods and Services (Updated as on August 5, 2025)

International Content:

FRC Reference Material:

Thematic Review:
Certification of Automated Tools and Techniques
[June 2025]

Legal Updates:

SEBI:

Review, Appeal or Waiver of penalty requests emanating out of actions taken by the Member Committee

RBI:

International Trade Settlement in Indian Rupees (INR)

IFSCA:

Master Circular for Research Entities in the IFSC

Master Circular for Investment Bankers in the IFSC

Master Circular for Investment Advisers in the IFSC

Master Circular for ESG Ratings and Data Products Providers in the IFSC

Master Circular for Distributors in the IFSC

Master Circular for Debenture Trustees in the IFSC

Master Circular for Credit Rating Agencies in the IFSC

Customs:

Authorised Officers under Section 25 read with Section 47 (5) of Food Safety Standards (FSS) Act, 2006 and Regulation 13 (1) of FSS(Import) Regulation, 2017 [Instruction No.25]

Seeks to continue anti dumping duty on imports of Black Toner in powder form originating in or exported from China PR, Malaysia and Taiwan for 5 years [Notification No.26(ADD)]