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Daily Newsletter - May 8, 2023

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Latest additions to CAalley:

News Update:

Indian News

International News

Reference Section:

Legal FAQs

Acts & Regulations:

RBI Master Circular

Legal Updates:



De-stressing Zone - Fun alley


News Update:

Indian News:

Reserve Bank of India imposes penalty worth Rs 1.75 crore on HSBC

FSDC for special drive to help people get unclaimed deposits in banks

Home buyers likely to get some relief from insolvency proceedings

Common GST audit norms for Centre and states from this fiscal

Over 30,000 I-T pleas for condoning ‘delayed returns’ pending

SC: ‘Profit attribution to India operations of foreign company is question of fact’

India asks European Union to recognise its carbon credit trading scheme

Prickly heat powder is a cosmetic; to face higher tax: SC

Irdai proposes to tighten norms for media campaigns by insurers

GSTN defers implementation of e-invoice reporting time limit by 3 months

Live streaming of court proceedings has flipside, judges need to be trained: CJI Chandrachud

Age factor: Indian companies looking for younger independent directors

IBBI seeks public comments on regulatory framework under insolvency law

Sebi shocker for law firms handling IPOs

Sebi comes out with testing framework for IT systems of stock exchanges


International News:

Warren Buffett faults handling of US bank failures

SEC probing First Republic Bank executives for insider trading, Bloomberg reports

KPMG Pledges Cooperation in Senate Probe of Bank Audits

Reference Section:

Legal FAQs:

All Legal FAQs

Income Tax FAQs





Acts & Regulations:

RBI Master Circular:

Master Circular - Income Recognition, Asset Classification, Provisioning and Other Related Matters - UCBs

Legal Updates:


Advisory: Deferment of Implementation of Time Limit on Reporting Old e-Invoices



Amendment in import policy condition of Apples under ITC (HS) 08081000 of Chapter-08 of ITC (HS), 2022, Schedule-I (Import Policy) [No.5]



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