Daily Newsletter - August 25, 2025

Latest additions to CAalley:

News Update:

Indian News

Exposure Drafts:

RBI Draft

SEBI Drafts

Acts & Regulations:

Income Tax

CA's Referencer:

ICAI

Legal Updates:

SEBI

IFSCA

DGFT

Customs

News Update:

Indian News:

Fitch affirms India’s credit rating at 'BBB-'

Taxman may get more power to demolish benami realty deals

New GST Rates Likely By September 22: Sources

CIBIL score not mandatory: Govt tells banks not to reject first-time loans

CA, friend booked for ₹217 crore GST fraud in Ahmedabad

CBI arrests proclaimed offender Dinesh D Gehlot in bank fraud case

No income tax for lady who sold land for Rs 4.5 crore; Know how a 1955 circular and established case laws saved the day for her

Yes Bank acquisition: RBI approves SMBC to buy 24.99% stake; CCI nod still pending

Bengaluru CA says don't cheer much when you are overpaid. It could be a trap

Sebi block deal rules: Market regulator proposes Rs 25 crore minimum block deal order size; pricing band review planned

GST Council to meet on Sep 3-4 to discuss key reforms in tax system

Centre notifies Income-tax Act, 2025; to come into force from April 1, 2026

Exposure Draft:

RBI Draft:

Discussion Paper: Review of Monetary Policy Framework
[Last date for Comments: September 18, 2025] 

SEBI Drafts:

Consultation Paper on Review of Block Deal Framework
[Last date for Comments: September 15, 2025] 

Consultation paper on ‘Introduction of Closing Auction Session in the equity cash segment’
[Last date for Comments: September 12, 2025]
 

Acts & Regulations:

Income Tax:

The Income Tax Act, 2025

CA's Referencer:

ICAI:

Utility For Legal Format of Important Documents
[Published by ICAI in August, 2025]

Legal Updates:

SEBI:

SEBI (Foreign Portfolio Investors) Regulations, 2019 [Updated upto August 12, 2025] 

IFSCA:

IFSCA (Fund Management) Regulations, 2025 (Amended up to July 30, 2025)  

DGFT:

Fixation of new Standard Input Output Norms (SIONs) at SION No. A-3693 & A-3694 under “Chemical and Allied Product” (Product Code-‘A’) [Public Notice No.19]

Customs:

Amendment to Notification No. 77/2023-Customs (N.T.) dated 20.10.2023 - Revision of AIR of duty drawback of Gold jewellery and silver jewellery/articles [Notification No.51(NT)]