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Daily Newsletter - December 1, 2025

Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Drafts:

IFSCA Drafts

Acts & Regulations:

RBI Master Circulars / Directions for 2025-26

Useful Forms:

ITR eFiling Utilities for AY 2025-26

Legal Updates:

RBI

DGFT

Customs

 


  

News Update:

Indian News:

Govt instructs banks to mail monthly pension slips

Over 2 lakh private firms shut in five years, Govt tells Lok Sabha

Govt blocks 87 illegal loan lending applications after due process

Govt simplifies approval process for exploration of coal, lignite

Financial fraudsters turning business accounts into mules for illicit fund transfers

EPFO pension and PF cover to self-employed, gig staff? Here's what we know

Budget wishlist: Green finance institute among CII proposals

Private companies may get to service non-railway entities' wagons

Bills to replace GST compensation cess on tobacco, pan masala likely in LS

SC raps Income Tax Department for filing appeal in decided matter

NCLAT dismisses insolvency plea against Voltas, upholds NCLT order

IBC misuse, rigging of bids before NCLT under scanner

NFRA to get powers to draft regulations

RBI tells MFIs: Time to focus on borrowers' income stability

RBI scraps 5,673 circulars; issues 244 master directions to streamline rules

RBI imposes monetary penalty on HDFC Bank for lapses in KYC, interest rate and outsourcing compliance

  

International News:

FASB Releases New Standard Clarifying Certain Aspects of Hedge Accounting Guidance


Exposure Drafts:

IFSCA Drafts:

Consultation Paper on the Proposed IFSCA Good Delivery Guidelines 2025
[Last date for Comments: December 31, 2025] 

Consultation Paper on Master Circular for Broker Dealers and Clearing Members
[Last date for Comments: December 20, 2025] 


Acts & Regulations:

RBI Master Circulars / Directions for 2025-26:

Major overhaul in RBI Master Directions as on November 28, 2025.
Many past circulars have been consolidated.
Check out the newly published Master Directions.


Useful Forms:

ITR eFiling Utilities for AY 2025-26:

Updated on November 28, 2025:

Common Offline Utility (ITR 1 to ITR 4)
Common Offline Utility for MAC (ITR 1 to ITR 4)


Legal Updates:

RBI:

Payment System Providers and Payment System Participants - Compliance with Know Your Customer (KYC) norms

 

DGFT:

Amendment in Para 6.34 of Chapter 6 of Handbook of Procedure 2025-26 [Public Notice No.34]

Amendments in Paras 4.87 (a) and 4.88 of Handbook of Procedures 2023 [Public Notice No.33]

 

Customs:

Seeks to amend further the Project Import Regulations, 1986 [Notification No.49]


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