Daily Newsletter - May 7, 2025

Go to Newsletter Archives

Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Draft:

SEBI Draft

Acts & Regulations:

RBI Master Directions

SEBI Regulations

Legal Updates:

Income Tax

GST

SEBI

DGFT

Customs

 

---

  

News Update:

Indian News:

India opens central govt procurement to UK firms under new trade pact

AI regulation needs global cooperation, not isolated moves: Sitharaman

No overseas investment if old lapses not fixed: RBI

India will retaliate if EU goes ahead with carbon tax: Goyal

Speculative, incorrect: Yes Bank denies stake sale reports in clarification

India-EU FTA our priority, possible by December-end: FM Nirmala Sitharaman

India-UK trade deal to open opportunities for Indian yoga instructors, musicians, chefs

India-UK clinches trade deal; duty cut on British whisky, cars; boost to garment, leather goods exports

No difference between skill and chance in GST levy, Centre tells SC

Sebi mandates cooling-off period for directors at market infra institutions

MTNL defaults on interest payment for sovereign guarantee-backed bonds

  

International News:

PCAOB releases new machine-readable audit inspection datasets

China eases monetary policy, slashes key rates as Donald Trump’s tariffs hit growth

Nearly 6 out of 10 workers admit making AI-fueled errors

FRC publishes 2024/25 insights on structured digital reporting

---

Exposure Draft:

SEBI Draft:

Consultation Paper on Separate carve out for Voluntary Delisting of Public Sector Undertakings
[Last date for Comments: May 27, 2025] 

---

Acts & Regulations:

RBI Master Directions:

Master Direction – Reserve Bank of India (Non-Banking Financial Company – Scale Based Regulation) Directions, 2023

Master Direction – Non-Banking Financial Company – Housing Finance Company (Reserve Bank) Directions, 2021

Master Directions - Mortgage Guarantee Companies (Reserve Bank) Directions, 2016

Master Direction - Core Investment Companies (Reserve Bank) Directions, 2016

Master Direction - Standalone Primary Dealers (Reserve Bank) Directions, 2016

Download the latest RBI Master Circulars / Directions for 2025-26

  

SEBI Regulations:

SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 [Last amended on May 01, 2025]

---

Legal Updates:

Income Tax:

The Income-tax (16th Amendment) Rules, 2025 - ITR 6 for AY 2025-26 notified [Notification No.44]

  

GST:

Invoice-wise Reporting Functionality in Form GSTR-7 on portal

  

SEBI:

Review of - (a) disclosure of financial information in offer document, and (b) continuous disclosures and compliances by Real Estate Investment Trusts (REITs)

Review of - (a) disclosure of financial information in offer document / placement memorandum, and (b) continuous disclosures and compliances by Infrastructure Investment Trusts (InvITs)

Publishing Investor Charter for KYC (Know Your Client) Registration Agencies (KRAs) on their Websites

SEBI (Issue and Listing of Securitised Debt Instruments and Security Receipts) (Amendment) Regulations, 2025

  

DGFT:

Amendments in Standard input Output Norms (SION) A-1294 [Public Notice No.6]

Reinstatement and amendment of Standard Input Output Norms (SION C-888) [Public Notice No.5]

Amendments to Para 10.10 of the Handbook of Procedures (HBP) 2023 - Revised Framework for Stock & Sale Authorization of SCOMET Items [Public Notice No.4]

  

Customs:

Closing of the Integrated Check Post Attari for all types of incoming and outgoing passengers and movement of goods [Instruction No.8]

Prohibition on import or transit of all goods originating in or exported from Pakistan – Insertion of Para 2.20A of Foreign Trade Policy (FTP), 2023 [Instruction No.7]

---