CAalley Newsletter dated January 18, 2023
Latest additions to CAalley:
News:
Acts & Regulations:
Exposure Drafts:
Legal Updates:
News Update:
DGFT simplifies composition fee for export obligation extension
High inflation causing tension between monetary and fiscal policy: Gopinath
Govt proposes a slew of changes to Insolvency and Bankruptcy Code
GoMechanic cooked books; founder admits to grave errors, 70% staff sacked
To avoid fraud, SEBI moves to end transfer of funds to brokers
Kerala govt’s GST dept underwent restructuring for ensuring tax revenue increase: K N Balagopal
Financial sector exposed to risks of low-carbon transition, shows study
Annual transparency report may be must for audit firms
India making big strides in ease of doing business: DPIIT Secretary
Sebi proposes blocking of funds facility for trading in secondary market
Reverting to old pension scheme poses big financial risk, RBI warns States
RBI proposal on loan loss provisions to raise bank capital needs: Analysts
Centre cuts windfall tax on crude, export taxes on aviation fuel and diesel
Insurers can classify green bond purchases as infra investments: Irdai
RBI prior approval now a must for picking up over 5% stake in banks
NFRA to introduce annual transparency report requirement for audit firms
RBI tweaks norms related to acquisition for banks
Increased provision on CET1 for loan loss to be phased out: RBI paper
Govt may increase allocation for PLI schemes in Budget to boost exports
Get to know the team behind Union Budget 2023
Good news for taxpayers? Modi government mulls lowering income tax rates in Budget
Remove rule that calls for TDS on cash withdrawal: Banks in Budget wishlist
Union Budget 2023: Long-term capital gains tax likely to be rationalised
Putting carbon credits on blockchain will not tackle the issue alone: Davos
IAASB Begins Work on Global Standards for ESG Assurance
Acts & Regulations:
Exposure Drafts:
Publication of Annual Transparency Reports (ATR) by Auditors/Audit Firms
[Last date for Comments: February 16, 2023]
Invitation of comments from the public on changes being considered to the Insolvency and Bankruptcy Code, 2016
[Last date for Comments: February 7, 2023]
Consultation Paper on “Blocking of Funds for Trading in Secondary Market"
[Last date for Comments: February 16,2023]
Discussion Paper on Expected Loss (EL)-based Approach for loan loss provisioning by banks
[Last date for Comments: February 28, 2023]
Legal Updates:
Guidelines on Acquisition and Holding of Shares or Voting Rights in Banking Companies
