Daily Newsletter - December 10, 2025

Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Draft:

RBI Draft

Legal Updates:

RBI

FEMA

SEBI

DGFT

Customs

News Update:

Indian News:

RBI proposes full disclosure of forex transaction costs for retail users

PaRRVA explained: Sebi's verification tool to check performance claims

Man gets tax notice for buying land at low price, ITAT Ahmedabad quashes it

New Labour Code: Salaries may drop for new staff

India’s Labour Ministry inks pact with Microsoft to boost jobs and AI skilling

IndusInd Bank chairman to step down in January amid organisational overhaul

44,000 crypto traders on Income Tax Dept’s radar

Sebi gets power to directly remove false stock content

Sebi settles case against TV market expert Hemant Ghai for ₹1.45 crore

New ITR forms under 2025 Income Tax Act to be notified before FY28: Govt

Punjab taxpayers to launch statewide protest over withheld GST and VAT refunds

ICSI flags IndiGo lapses, urges stronger corporate governance norms

Centre recommends mandatory AI licence, royalties for copyrighted works

CBI books Anil Ambani's son, Reliance Home Finance in ₹228 cr bank fraud

Man wins disability pension tax exemption case

Can't hear out holders before declaring a/cs fraud: RBI, SBI

Fake cases, twisted verdicts as petitioner files 'AI reply'

RBI allows residents, non-residents to undertake rupee IRD transactions

Sebi eases AIF rules, allows AI-only schemes & wider exemptions for large value funds

Virtual digital assets: Tax authorities detect undisclosed income of Rs 888.82 crore

International News:

Newly Issued US Hedge Accounting Rules Reshape How Businesses Track Financial Risk

Exposure Draft:

RBI Draft:

Draft Circular on Disclosure of Transaction Cost for Foreign Exchange Transactions
[Last date for Comments: January 9, 2026] 

Legal Updates:

RBI:

Export and Import of Indian Currency to or from Nepal and Bhutan

FEMA:

Foreign Exchange Management (Export and Import of Currency) (Amendment) Regulations, 2025

SEBI:

Relaxation on geo tagging requirement in India for NRIs while undertaking re-KYC

DGFT:

Amendment to Para 4.63 of FTP-2023 [Notification No.49]

List of empanelled Pre-Shipment Inspection Agencies (PSIAs) and inclusion of approvals granted in the 27th Inter-Ministerial Committee (IMC) Meeting in terms of Para 2.52 (c) of HBP 2023 in Appendix-2G [Public Notice No.36]

Amendments in Chapter 7 of the Handbook of Procedures and ANF 7A [Public Notice No.35]

Customs:

Seeks to amend notification No. 3/2021-Customs (CVD), dated the 9th March, 2021 to extend the levy of countervailing duty on 'Textured Tempered Glass' originating in or exported from Malaysia, up to and inclusive of 8th June, 2026 [Notification No.7(CVD)]