Daily Newsletter - January 3, 2024

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Latest additions to CAalley:

News Update:

Indian News

International News

International Content:

FRC Reference Material

Acts & Regulations:

RBI Master Direction

Legal Updates:

GST

DGFT

News Update:

Indian News:

GST dept issues demands, penalties totaling over Rs 19 cr to Ceat Tyres

AIFs may aid roll-over of stressed loans: Reserve Bank of India report

No minimum balance charges on 'inoperative accounts': Reserve Bank of India

RBI flags use of credit bureau data for analytics

Mis-selling: Government suggests checks on insurance agents

New ruling on Benami law may unearth old deals

More than 60% of taxpayers adopt new I-T regime

Income Tax department’s advisories put NRIs on notice on high value deals: Report

Customers' complaints against credit information companies increasing: RBI

RBI proposes banks with less than 6% net NPAs to declare dividends

International News:

Some audit disclosures may prompt companies to manipulate earnings

Big Four firms rethink governance after year of mis-steps and scandals

International Content:

FRC Reference Material:

Thematic Review:
IFRS 17 ‘Insurance Contracts’ - Interim Disclosures in the First Year of Application
[November 2023]

Acts & Regulations:

RBI Master Direction:

Master Direction – Reserve Bank of India (Commercial Paper and Non-Convertible Debentures of original or initial maturity upto one year) Directions, 2024

Legal Updates:

GST:

3 GST (Rate) Notifications - Jan 3, 2024

DGFT:

Allocation of 8606 MTRV of raw cane sugar to USA under TRQ Scheme for US fiscal year 2024 [Public Notice No.36]

Amendment in Import Policy and Policy condition of Screws covered under HS code 7318 of Chapter 73 of Schedule –I (Import Policy) of ITC (HS) 2022 [Notification No.55]