Daily Newsletter - August 11, 2026

Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Drafts:

RBI Drafts

SEBI Drafts

Acts & Regulations:

RBI Directions

From the ICAI:

ICAI Guidance Note

Legal Updates:

IBBI

IFSCA

IRDAI

DGFT

Customs

News Update:

Indian News:

Fitch affirms India's BBB- sovereign rating, retains stable outlook

DGFT removes physical duty payment challans for export obligation discharge certificate applications

Six key GST officials in Chennai transferred

GST Council officials visit Andhra to study AI-driven tax administration

Parliament passes Bill to recognise digital bank records as evidence

Your email knows where your money is. AI could help hackers find it

Parliament clears taxation bill, Sitharaman says UPI transactions to remain free

Lok Sabha passes Tribunals Reforms Bill 2026 without debate

Recovery calls, agent visits, phone locks: Experts explain RBI's new rules

IFSCA asks IFSC entities to maintain valid approvals or face action

IT rules for online lower, nil TDS certificates to be notified soon: Govt

No income tax for selling agri land for Rs 7.24cr; Know how Google Earth photos and revenue records helped

Can a parent withdraw money from their child's PPF? Here's what court said

Sebi Uses AI To Track 20,000 Fraudulent Social Media Posts Since Nov 2025

CBIC directs CGST zones to track illegal mining, curb tax evasion

International News:

FRC Annual Review of Audit Quality equips investors and audit committees to make better decisions

Exposure Drafts:

RBI Drafts:

Draft Directions on Credit Valuation Adjustment (CVA) Framework
[Last date for Comments: August 28, 2026] 

Draft RBI (Commercial Banks – Prudential Norms on Capital Adequacy) Eleventh Amendment Directions, 2026
[Last date for Comments: August 28, 2026] 

SEBI Drafts:

Consultation Paper on Review of provisions related to ISIN for Debt Securities
[Last date for Comments: August 31, 2026] 

Consultation Paper on Measures for ease of doing business on Settlement and Risk Management provisions for Clearing Corporations
[Last date for Comments: August 27, 2026] 

Consultation Paper On Measures Towards Ease Of Doing Business For REIT And InvITs
[Last date for Comments: August 27, 2026] 

Acts & Regulations:

RBI Directions:

Master Directions - Reserve Bank of India (Priority Sector Lending – Targets and Classification) Directions, 2026
(Updated as on August 7, 2026) 

From the ICAI:

ICAI Guidance Note:

Guidance Note on Tax Audit under Section 44AB of the Income-tax Act, 1961
(Revised 2026 Edition)

Legal Updates:

IBBI:

The Companies (Registered Valuers and Valuation) Amendment Rules, 2026

IFSCA:

Clarification regarding Implementation Services by Investment Advisers in the IFSC

Directions to all Regulated Entities

Specification of Certification Course for the employees of Fund Management Entities under the IFSCA (Fund Management) Regulations, 2025", as the same has also been approved by the Competent Authority

IRDAI:

Submission of information by insurers on monthly basis for the purpose of Index of Service Production

DGFT:

Review and re-allocation of allocated Export Quota of Wheat under HS Codes 10011900 and 10019910 [Trade Notice No.18]

Institutional Transition of Implementing Agency from the Reserve Bank of India (RBI) to the Export-Import Bank of India (EXIM Bank) for the Interest Subvention Support for Pre- and Post-Shipment Export Credit under Export Promotion Mission (EPM) – Niryat Prothsahan [Trade Notice No.17]

Inclusion of eligible DPIIT-Recognized Start-ups under "Source from India" on the Trade Connect ePlatform [Trade Notice No.16]

Customs:

Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver [Notification No.69(NT)]

Implementation of MeitY Notification S.O. 4182(E) regarding extension of implementation timeline for compliance of IS 18112:2022 for Television Sets under Electronics and Information Technology Goods (Requirements for Compulsory Registration) Order, 2021 [Instruction No.14]

SOP for clearance of imported goods through Foreign Post Offices under the Postal Import Regulations, 2025 [Circular No.35]

Seeks to continue anti dumping duty on imports of “Phthalic Anhydride” originating in or exported from China PR and Korea RP for a further period of 5 years pursuant to sunset review by DGTR [Notification No.20(ADD)]