Daily Newsletter - October 3, 2025

Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Drafts:

IFSCA Draft

RBI Drafts

Acts & Regulations:

RBI Master Directions

Useful Forms:

ITR eFiling Utilities for AY 2025-26

Legal Updates:

RBI

IFSCA

DGFT

News Update:

Indian News:

NITI Aayog proposes optional presumptive tax regime for foreign companies

RBI grants FIDC self-regulatory status to oversee non-bank lending sector

Gold prices new barometer of global uncertainty, says RBI Governor Malhotra

Dubai man takes Customs dept to court over Rolex: Here's what Delhi HC said

Govt looks to address gaps used to illegally transfer forex overseas

Sebi mulls stricter disclosure rules for billionaire family offices

How SEBI’s new UPI handles, verification tools help investors avoid fraud

I-T dept imposes penalty of ₹23.07 crore on Adani Cement entity ACC

Portal rollout soon for speedy transfer of unclaimed shares

ED launches pan-India drive against cybercrimes

RBI tightens gold loan rules: What changes in repayment, valuation, auction

RBI eases compliance burden; gives extra time for merchant payments

RBI proposes easing curbs on current, cash credit, and overdraft accounts

RBI examining digital phone locking as loan recovery tool, says governor

FIU issues notices to 25 offshore crypto platforms for PMLA non-compliance

Baijayant Panda to head Select Committee on IBC Amendment Bill 2025

International News:

FASB Unveils New Rules Streamlining Internal Software Accounting for Modern Development Methods

Exposure Drafts:

IFSCA Draft:

Consultation Paper on Master Circulars for Stock Exchanges and Clearing Corporations in the IFSC
[Last date for Comments: October 22, 2025]
 

RBI Drafts:

Guidelines on Enhancing Credit Supply for Large Borrowers through Market (Repeal Circular), 2025
[Last date for Comments: October 24, 2025] 

RBI (Basic Savings Bank Deposit Account) Directions, 2025
[Last date for Comments: October 24, 2025] 

RBI (Commercial Banks – Transaction Accounts) Directions, 2025
[Last date for Comments: October 24, 2025] 

RBI (Small Finance Banks – Transaction Accounts) Directions, 2025
[Last date for Comments: October 24, 2025] 

RBI (Regional Rural Banks – Transaction Accounts) Directions, 2025
[Last date for Comments: October 24, 2025] 

RBI (Local Area Banks – Transaction Accounts) Directions, 2025
[Last date for Comments: October 24, 2025] 

RBI (Urban Co-operative Banks – Transaction Accounts) Directions, 2025
[Last date for Comments: October 24, 2025] 

RBI (Rural Co-operative Banks – Transaction Accounts) Directions, 2025
[Last date for Comments: October 24, 2025] 

RBI (Payments Banks – Transaction Accounts) Directions, 2025
[Last date for Comments: October 24, 2025] 

Acts & Regulations:

RBI Master Directions:

Master Direction - Reserve Bank of India (Interest Rate on Advances) Directions, 2016 (Updated as on October 1, 2025)

Master Direction – Import of Goods and Services (Updated as on October 1, 2025)

Master Direction – Export of Goods and Services (Updated as on October 1, 2025)

Useful Forms:

ITR eFiling Utilities for AY 2025-26:

The following eFiling Utilities have been updated:

ITR 5 - Common Filing Utility
ITR 6 - Common Filing Utility
ITR 6 - Excel Utility

Legal Updates:

RBI:

Investment in Corporate Debt Securities by Persons Resident Outside India through Special Rupee Vostro account

Merchanting Trade Transactions (MTT) – Review of time period for outlay of foreign exchange

Export Data Processing and Monitoring System (EDPMS) & Import Data Processing and Monitoring System (IDPMS) – reconciliation of export /import entries – Review of Guidelines

IFSCA:

Foreign Currency Settlement System - Notification of Bye-laws, Rules and Regulations

DGFT:

Extension of filing Annual RoDTEP Returns [Public Notice No.24]

Amendment to Para 2.35 of the Handbook of Procedures, 2023 [Public Notice No.23]

Amendment in Export Policy Condition under HSN 1006 of Schedule-II (Export Policy), ITC(HS) 2022 [Notification No.39]

Export of 100 MT of wheat seed (DWR-162) under ITC (HS) code 10019100 from University of Dharwad to Indonesia [Notification No.38]

Amendment in Export Policy of De-Oiled Rice Bran [Notification No.37]

Exemptions for Export of Agricultural Commodities to Bhutan [Notification No.36]