Daily Newsletter - February 23, 2026

Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Drafts:

IBBI Draft

DGFT Draft

From the ICAI:

ICAI Publication - GST

International Content:

PCAOB Reference Material

Legal Updates:

Income Tax

GST

IBBI

IFSCA

DGFT

News Update:

Indian News:

Govt cuts duty benefits for exporters under RoDTEP scheme by 50%

India removes 'most favoured nation' clause for France: What it means

Ancestral or inherited properties can also be attached under the Prevention of Money Laundering Act, 2002

Mis-selling of financial products an offence under BNS, says FM Sitharaman

Sebi plans overhaul of PMS regulations, flags need for stronger governance

Salary earned overseas, deposited in Indian NRE a/c: Why ITAT Ahmedabad quashed tax department’s notice

Labour ministry to return unclaimed deposits back to EPFO subscribers

EPFO brings back higher pension: Is your retirement payout about to jump?

EPFO investment policy overhaul: PF body set to introduce performance-linked incentives for fund managers

What is the IDFC First Bank Rs 590 crore fraud case? Explained in 10 points

India delays trade talks after US SC rejects Trump tariffs: Report

RBI builds secured data centre away from potential enemy strikes, seismic risk

₹2,762 crore loan default: HC quashes banks’ move to label CA as wilful defaulter

ICICI Bank gets ₹50.38 crore GST demand; to challenge order

International News:

Quantification the next big issue in climate accounting

Exposure Drafts:

IBBI Draft:

Discussion Paper on strengthening CoC’s oversight and procedural clarity under the CIRP Regulations, 2016
[Last date for Comments: March 10, 2026] 

DGFT Draft:

Draft Digital Trade Facilitation Bill, 2026
[Last date for Comments: March 9, 2026] 

From the ICAI:

ICAI Publication - GST:

Handbook on Interest, Late Fee & Penalties under GST
[Published in December 2025]

International Content:

PCAOB Reference Material:

Staff Guidance – Insights for Auditors
Examples of Evaluating the Reliability of External Information Provided by the Company in Electronic Form
[October 2025]

Legal Updates:

Income Tax:

Governments of India and France sign the Amending Protocol to amend the India-France Double Taxation Avoidance Convention - Deletion of MFN clause [Press Release]

GST:

Facility for Withdrawal from Rule 14A

IBBI:

IBBI (Liquidation Process) Regulations, 2016 (Amended upto 02-01-2026)

IFSCA:

FAQs On international financial Services centres authority (Global in-house centres) Regulations, 2025

DGFT:

Rationalisation of RoDTEP rates [Notification No.60]