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Daily Newsletter - February 16, 2026

Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Drafts:

ICAI Draft

RBI Drafts

Acts & Regulations:

RBI Directions

Tech Zone:

Tech Zone Article

Legal Updates:

RBI

FEMA

IFSCA

Customs


  

News Update:

Indian News:

RBI plans mandatory reporting of offshore related-party rupee FX contracts

Know the new names of important income tax forms after 31 March, 2026?

Big tax relief for disabled employees: Travel deduction raised under draft tax rules 2026

RBI’s crackdown on mis-selling: What customers need to know

Gold taxation explained: Physical vs ETF vs SGB vs inherited gold

India-UK free trade pact likely to be implemented in April: Report

Sebi proposes price bands for gold and silver ETFs

Reserve Bank of India restores default loss guarantees for NBFCs

RBI curbs loans extended to brokers in blow to proprietary trading volumes

Lady sells listed equity shares for Rs 26 crore, pays no capital gains tax; ITAT Kolkata rules in her favour

IndiGo faces ₹1.27 cr penalty over GST input tax credit, to challenge order

CGST Delhi South officials arrest one company director in fraudulent availing ITC of ₹6.53 crore

  

International News:

KPMG partner fined A$10,000 for using AI tools to cheat in test about AI

AI Agents Are Undermining SOX, And CISOs Are On The Hook


Exposure Drafts:

ICAI Draft:

Exposure Draft of Guidance Note on Audit of Banks (2026 Edition)
[Last date for Comments: February 23, 2026] 

  

RBI Drafts:

RBI Issues Draft Amendment Directions for instructions on ‘Lending to Real Estate Investment Trusts (REITs) and Infrastructure Investment Trusts (InvITs)’
[Last date for Comments: March 6, 2026] 

RBI invites public comments on the Draft Circular on Lead Bank Scheme (LBS)
[Last date for Comments: March 6, 2026] 


Acts & Regulations:

RBI Directions:

Reserve Bank of India (Rural Co-operative Banks – Income Recognition, Asset Classification and Provisioning) Directions, 2025 (Updated as on February 13, 2026)

Reserve Bank of India (Non-Banking Financial Companies – Income Recognition, Asset Classification and Provisioning) Directions, 2025 (Updated as on February 13, 2026)

Reserve Bank of India (Non-Banking Financial Companies – Credit Facilities) Directions, 2025 (Updated as on February 13, 2026)


Tech Zone:

Tech Zone Article:

Microsoft PowerToys: A Hidden Windows Upgrade Every CA Should Know About


Legal Updates:

RBI:

Formation of new district in the State of Haryana – Assignment of Lead Bank Responsibility

  

FEMA:

Foreign Exchange Management (Borrowing and Lending) (First Amendment) Regulations, 2026

  

IFSCA:

Unified Registration for multiple Capital Market Activities under the IFSCA (Capital Market Intermediaries) Regulations, 2025 (Master Key)

  

Customs:

Amendment to Notification No. 77/2023-Customs (N.T.) dated 20.10.2023 - Revision of AIR of duty drawback of Gold jewellery and silver jewellery/articles [Notification No.21(NT)]

Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver [Notification No.20(NT)]

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