caalley logo

The alley for Indian Chartered Accountants

Daily Newsletter - December 8, 2023

Go to Newsletter Archives

Latest additions to CAalley:

News Update:

Indian News

International News

From the ICAI:


Legal Updates:





News Update:

Indian News:

RBI to come up with unified regulatory framework on connected lending

UPI payment limit to hospitals, educational institutes raised to Rs 5 lakh

Four more arrested in connection with ₹10,000 crore GST fraud

RBI allows liquidity reversal for banks on weekends, holidays from Dec 30

No OTP needed for UPI payments up to Rs 1 lakh for credit card bills, MF SIPs

RBI MPC: Repo rate kept unchanged at 6.5%, FY24 GDP estimate hiked to 7%

Casinos Act to go, Maharashtra GST amend on the cards

West Bengal clears bill to impose 28% GST on online gaming, horse racing

'No spectacular announcements' coming up in February 1 budget, says FM Nirmala Sitharaman

RBI revokes the banking licence of UP-based Urban Co-operative Bank

CCI case: Google withdraws appeal against HC order in user choice billing system case

Indian banks ask fintech partners to limit tiny personal loans: Report

Will banks open only for 5 days a week? Here’s what you should know about IBA’s proposal

Ready to relook at some AIF norms if assured of no misuse: Sebi official


International News:

SEC approves new PCAOB audit confirmation standards targeting fraud

SEC warns auditors about cash flow statement

IAASB offers audit standard for less complex entities

Accounting Profession Not Just About Closing Books and Issuing Reports, Chief Accountants Say

EU foreign investment scrutiny has blind spots, say auditors

Auditors say accountant shortage ramps up work pressure: CAQ

From the ICAI:


FAQs on applicability of PMLA to Chartered Accountants

Legal Updates:


The Insolvency Professionals to act as Interim Resolution Professionals, Liquidators, Resolution Professionals and Bankruptcy Trustees (Recommendation) (Second) Guidelines, 2023



Amendment in Export Policy of De-Oiled Rice Bran [Notification No.51]

Amendment of Import Policy and Policy Conditions for Yellow Peas under ITC(HS) Code 07131010 of Chapter 07 of ITC(HS), 2022, Schedule –I (Import Policy) [Notification No.50]

Amendment in Export Policy of Onions [Notification No.49]

Export of Non-Basmati White Rice (under HS Code 10063090) to Comoros, Madagascar, Equatorial Guinea, Egypt and Kenya through National Cooperative Exports Limited (NCEL) [Notification No.48]

Incorporation of Policy Condition for export of Non-Basmati Rice under HS Code 10063090 [Notification No.47]



Exchange Rate Notification No. 90/2023-Cus (NT) dated 07.12.2023 [Notification No.90(NT)]

Seeks to exempt imports of Yellow Peas [HS 0713 10 10] from applicable BCD and AIDC up to 31.03.2024 [Notification No.64]



Read more on:
Don't miss an update!
Subscribe to our newsletter