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Daily Newsletter - June 20, 2026

Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Drafts:

SEBI Draft

IRDAI Drafts

Acts & Regulations:

RBI Directions

Useful Forms:

ITR eFiling Utilities for AY 2026-27

Legal Updates:

MCA

RBI

SEBI

IFSCA

Customs


  

News Update:

Indian News:

Tenant wins tax relief on Rs 38.62 lakh sale of landlord’s property

India to hold vice-presidency of global financial crime watchdog FATF for first time

Banks told to report daily FCNR (B), ECB inflows under RBI swap facility

RBI revamps Lead Bank Scheme, strengthens district credit planning

GST inspector in Maharashtra held in Rs 10,000 graft case

Sebi board brings back open-market share buybacks; eases debt listing

Income Tax Notices On The Rise: Why Salaried Taxpayers Are Being Flagged Despite Accurate Filings

Claude ‘ran like a CA’: Professionals are leaning towards AI to file income tax — Check viral prompt

NPS rule change explained: What new PFRDA audit rules mean for your savings

Has Form 168 replaced Form 26AS for FY 25-26? Here's what taxpayers need to know for ITR filing

Sebi proposes easing margin trading funding rules, tighter broker norms

1 in 3 lawyers fake, Supreme Court to look at digital registry

Irdai sets up working group to guide AI adoption in insurance sector

CGST officer chargesheeted in ₹10 lakh bribery case

India-UK trade pact: What changes for autos, whisky, textiles, steel

Govt ratifies 8.25% EPF interest rate for FY26, to be credited this month

Govt weighs extending zero-duty import on 40 products beyond June 30

New India-UK pact to benefit 90-95% of Indian professionals in Britain

India to allow import of 378K UK cars on lower duty in 15 yrs of trade pact

India-UK landmark free trade pact to come into force from July 15

Trade deal with Canada by November; European Union pact by year-end

India's gold imports drop 70% to 30 tonnes after duty hike: Official

RBI not in favour of offshore settlement for govt bonds despite tax changes

RBI lifts cap on FCNR(B), NRE deposit rates to boost foreign inflows

NFRA: Shared Responsibility for Sound Corporate Governance

NFRA launches probe into the auditors of Rajesh Exports after SEBI reference

SEBI's new AIF rules decoded: 10 major changes investors and fund managers should know

 

International News:

SEC Staff Eye AI Reminders, Not Prescriptive Rules, for Financial Reporting


Exposure Drafts:

SEBI Draft:

Consultation Paper on Review of Margin Trading Facility (MTF) Framework
[Last date for Comments: July 9, 2026] 

 

IRDAI Drafts:

Exposure Draft - IRDAI (Procedure for making regulations and subsidiary instructions) Regulations 2026
[Last date for Comments: July 8, 2026] 

Consultation Paper - IRDAI (Registration, Capital Structure, Transfer of Shares and Amalgamation of Insurers) (1st Amendment) Regulations, 2026
[Last date for Comments: July 6, 2026] 


Acts & Regulations:

RBI Directions:

Updated as on June 19, 2026:

Reserve Bank of India (Commercial Banks – Cash Reserve Ratio and Statutory Liquidity Ratio) Directions, 2025

Reserve Bank of India (Small Finance Banks – Cash Reserve Ratio and Statutory Liquidity Ratio) Directions, 2025

Reserve Bank of India (Regional Rural Banks – Cash Reserve Ratio and Statutory Liquidity Ratio) Directions, 2025

Reserve Bank of India (Urban Co-operative Banks – Cash Reserve Ratio and Statutory Liquidity Ratio) Directions, 2025

Reserve Bank of India (Rural Co-operative Banks – Cash Reserve Ratio and Statutory Liquidity Ratio) Directions, 2025

Published on June 19, 2026

Reserve Bank of India [Commercial Banks - Kisan Credit Card (KCC) Scheme] Directions, 2026

Reserve Bank of India [Small Finance Banks - Kisan Credit Card (KCC) Scheme] Directions, 2026

Reserve Bank of India [Regional Rural Banks - Kisan Credit Card (KCC) Scheme] Directions, 2026

Reserve Bank of India [Rural Co-operative Banks - Kisan Credit Card (KCC) Scheme] Directions, 2026


Useful Forms:

ITR eFiling Utilities for AY 2026-27:

Released on June 18, 2026:
ITR 3 - 
Excel Utility 
Schema
Validations


Legal Updates:

MCA:

Relaxation in paying additional fees in case of delay in filing DPT-3 for Financial Year ended on 31 March 2026 up to 31st July 2026 [Circular No.2]

  

RBI:

Lead Bank Scheme

Reporting of FCNR (B) Deposits, ECB and OFCB mobilized under Reserve Bank’s Swap Facility

  

SEBI:

Clarification with respect to applicability of the benefit of early pay-in in Commodity Derivatives Segment

  

IFSCA:

Permissible transactions through the Special Non-Resident Rupee (SNRR) accounts of IFSC units – Amendment

Amendment to the Circular titled “Exempting certain entities/activities from the applicability of International Financial Services Centres Authority (Anti Money Laundering, Counter-Terrorist Financing and Know Your Customer) Guidelines, 2022

  

Customs:

In exercise of the powers conferred by clause f of sub section 1 of section 7 of the Customs Act, 1962 [Notification No.57(NT)]

Completion of data entry in DIGIT [Instruction No.10]

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