Weekly Newsletter - January 29, 2026

Latest additions to CAalley:

News Update:

Indian News

Budget 2026 News

International News

Exposure Drafts:

RBI Draft

IFSCA Drafts

Acts & Regulations:

RBI Master Circulars / Directions for 2025-26

SEBI Regulations

IFSCA Regulation

Useful Forms:

ITR eFiling Utilities for AY 2025-26

New section:

Tech Zone – Simplifying Technology for CAs

Legal Updates:

GST

IBBI

SEBI

IFSCA

DGFT

Customs

Central Excise

News Update:

Indian News:

Sebi's liquidity window for corporate bonds finds no takers as issuers balk at cumbersome norms

RBI likely defers plan to mandate climate risk disclosures by banks

Tax dept adds Rs 7L rent for vacant flats, he wins case in ITAT Ahmedabad

Wrong UPI payment? Here's what you can recover and what you can't

PFRDA's Swasthya Pension Scheme explained: where it helps, risks involved

IBC transformed insolvency landscape, but challenges remain: DFS secretary

Interest on fixed deposits like LTCG and STCG, lock-in period of 3 years like ELSS for 80C advantage, what SBI Research suggests for Budget 2026

SC settles GST dispute, backs refunds for education consultants to foreign universities

RBI-ESMA agreement allows CCIL to reapply for latter's recognition

RBI outlines resolution framework for loans hit by natural calamities

Budget 2026: Final-stage preparations begin with 'Halwa Ceremony'

A new accounting reform that could boost India’s green energy push

NFRA tests AI use as audit inspections hit record high

India-EU FTA finalised: Top 15 frequently asked questions on trade deal answered

Cheaper treats from Europe: What the EU–India trade deal means for Indian consumers

Zero tariffs on gems, jewellery, plastic: How will FTA with EU benefit India? ‘Mother of all trade deals’ explained

India-EU FTA to be a 'living agreement' with multiple review mechanisms

PM Modi announces signing of India-EU trade deal, hails landmark agreement

Tax dept seizes Rs 5 lakh foreign currency; man wins case in ITAT Mumbai; Know how much forex you can keep at home

PFRDA sets up expert panel SAARG to modernise NPS investment framework

NFRA members differ on the use of EBITDA in financial results

Sebi accuses executives at EY, PwC and others of insider trading in 2022 Yes Bank case: Report

High court pauses GST claims against insurers

Can NRIs in UAE buy property on behalf of a friend in India? Legal ways to do so

ET Budget 2026 Survey: No easy choices for India this year as policy space shrinks dramatically in tariffs' wake

Unpaid highway toll could crash your plan to sell a vehicle: Here is how

Local audit push: CAG flags capacity gaps, calls for stronger PAIs and tech-led audits

Centre to hold national review of RRBs' financials, PSL on January 30

Budget 2026 News:

Eco Survey suggests synergy between I-T & customs on related-party imports

Tax relief already delivered, says Economic Survey: Experts decode what Budget 2026 is likely to offer on income tax and beyond

How rupee became a victim of geopolitics & a strategic power gap in 2025: Economic Survey explains

Economic Survey 2025-26 flags the need for India's own AI solutions

SMC Bill may set benchmark for financial sector regulation: Eco Survey

Economic Survey 2026 Highlights: Growth steady, inflation anchored, external risks persist

The Economic Survey 2025-26

International News:

Fed leaves rates unchanged, signals cautious outlook as US economy improves

Report: AI speeds up work but fails to deliver real business value

PCAOB bars Zwick CPA, owner and manager

Massive Deloitte workforce shake-up coming soon: Big Four firm to change job titles for over 1,80,000 employees in US. Check details

Bank of Japan keeps key interest rate unchanged at 0.75%

UK audit companies urge FRC to stop public probe announcements

Exposure Drafts:

RBI Draft:

Relief Measures in areas affected by Natural Calamities
[Last date for Comments: February 17, 2026] 

IFSCA Drafts:

Consultation Paper on Alignment of the Default List of Authorized Services approved by the Department of Commerce with SAC Classification under the Goods and Services Tax Regime
[Last date for Comments: February 16, 2026] 

Public Consultation on Draft circular on Participation of IFSC Banking Units (IBUs) in remote booking arrangements (RBA)
[Last date for Comments: February 13, 2026] 

Consultation paper on “Guidance Framework on sustainable deposits and sustainable lending and investments"
[Last date for Comments: February 10, 2026] 

Acts & Regulations:

RBI Master Circulars / Directions for 2025-26:

Reserve Bank of India (Commercial Banks – Cash Reserve Ratio and Statutory Liquidity Ratio) Directions, 2025 (Updated as on January 22, 2026)

Reserve Bank of India (Small Finance Banks – Cash Reserve Ratio and Statutory Liquidity Ratio) Directions, 2025 (Updated as on January 22, 2026)

Reserve Bank of India (Payments Banks – Cash Reserve Ratio and Statutory Liquidity Ratio) Directions, 2025 (Updated as on January 22, 2026)

Reserve Bank of India (Local Area Banks – Cash Reserve Ratio and Statutory Liquidity Ratio) Directions, 2025 (Updated as on January 22, 2026)

Reserve Bank of India (Regional Rural Banks – Cash Reserve Ratio and Statutory Liquidity Ratio) Directions, 2025 (Updated as on January 22, 2026)

Reserve Bank of India (Urban Co-operative Banks – Cash Reserve Ratio and Statutory Liquidity Ratio) Directions, 2025 (Updated as on January 22, 2026)

Reserve Bank of India (Rural Co-operative Banks – Cash Reserve Ratio and Statutory Liquidity Ratio) Directions, 2025 (Updated as on January 22, 2026)

SEBI Regulations:

SEBI (Issue and Listing of Non-Convertible Securities) Regulations 2021
[Amended as on January 21, 2026]

SEBI (Mutual Funds) Regulations, 2026
[To come in force from April 1, 2026]

IFSCA Regulation:

IFSCA (Capital Market Intermediaries) Regulations, 2025 (Amended up to January 12, 2026)

Useful Forms:

ITR eFiling Utilities for AY 2025-26:

Updated on January 27, 2026:

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

New section:

Tech Zone – Simplifying Technology for CAs:

A CA does not need to become an engineer, but does need enough technology awareness to ask the right questions, identify risks early, and take informed decisions.

Tech Zone explains essential tech concepts in plain English, with direct relevance to professional practice.

Explore here: https://www.caalley.com/tech-zone 

Legal Updates:

GST:

Advisory on RSP-Based Valuation of Notified Tobacco Goods under GST

IBBI:

Panel of IPs prepared in accordance with ‘Insolvency Professionals to act as Interim Resolution Professionals, Liquidators, Resolution Professionals and Bankruptcy Trustees (Recommendation) (Second) Guidelines, 2025’, for appointment as IRP, liquidator, RP and BT, during the period January to June 2026

SEBI:

SEBI (Issue and Listing of Non-Convertible Securities) (Amendment) Regulations, 2026

IFSCA:

One-time window to extend the validity of the Placement Memorandum

DGFT:

Amendment in import policy and policy condition of Penicillins and its salts, 6- APA and Amoxycilline and its salts falling under ITC (HS) Code 29411010, 29411050 and 29411030, respectively, of Chapter-29 of ITC (HS), 2022, Schedule-I (Import Policy) [Notification No.56]

Procedure for Second Round of Allocation of TRQ under tariff head 7108 under India-UAE CEPA for FY 2025-26 [Public Notice No.45]

Customs:

Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver [Notification No.10(NT)]

Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver [Notification No.9(NT)]

Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver [Notification No.8(NT)]

Central Excise:

Corrigendum to notification no 4/2025-Central Excise dated 31.12.2025

Corrigendum to notification no 5/2025-Central Excise (N.T.) dated 31.12.2025