CAalley Newsletter dated February 20, 2023
Latest additions to CAalley:
News:
Acts & Regulations:
Exposure Draft:
From the ICAI:
Indian Accounting Standards (IndAS)
International Content:
International Financial Reporting Standards (IFRS) [New addition]
Legal Updates:
News Update:
EPFO sets procedure to apply for higher pension in Employees Pension Scheme
Banks, financial institutions should safeguard banking security, says RBI
Over 94% value erosion found in 165 IBC liquidation case
FinMin to meet heads of banks on Feb 22; to review progress ECLGS for MSMEs
GST Council cuts tax on jaggery; rationalises late fee on delayed returns
Entire Rs 16,982 cr GST compensation cess to states to be cleared: FM
No service tax on takeaway food items sold by restaurants: CESTAT
RBI issues final guidelines on interest rate risk in banking book
India finalises 13 activities under 3 heads for trading of carbon credits
PwC will hire around 30,000 people in India in couple of years: Chairman
‘Fake EBITDA’ masks risk in debt-laden companies
ISSB announces sustainability standards issue date
FASB votes to finalize lease accounting relief
Acts & Regulations:
Master Directions on Prepaid Payment Instruments (PPIs) (Updated as on February 10, 2023)
Exposure Draft:
Draft Guidelines on Minimum Capital Requirements for Market Risk – under Basel III
[Last date for Comments: April 15, 2023]
From the ICAI:
Indian Accounting Standards (IndAS):
Indian Accounting Standards (IndAS) have been updated and educational material has also been added.
International Content:
International Financial Reporting Standards (IFRS):
International Financial Reporting Standards (IFRS) have been uploaded
Legal Updates:
Implementation of Indian Accounting Standards (Ind AS)
Governance, measurement and management of Interest Rate Risk in Banking Book
