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Daily Newsletter - January 16, 2026

Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Drafts:

RBI Draft

SEBI Drafts

Acts & Regulations:

RBI Master Circulars / Directions for 2025-26

IFSCA Regulations

From the ICAI:

ICAI Announcement

Legal Updates:

RBI

SEBI

DGFT

Customs

 


  

News Update:

Indian News:

SC sets aside service tax demand from HT Media on fees paid to global speakers at summit

Looking to create separate segment for startups under export promotion mission: Commerce Minister Goyal

EPFO members can withdraw EPF money directly via UPI from April 1

New MF rules from April 1: Sebi allows performance-linked expense charging

Budget 2026: BSE, NSE announce special trading session on Sunday, Feb 1

CBIC extends export incentives to postal shipments from January 15

Tiger Global tax case: How SC ruling reshapes India's tax treaty playbook

India-EU trade deal will be 'mother of all deals', says Piyush Goyal

PF withdrawal simplified: Here's when you can access 100% of funds

Sebi proposes trade settlement mechanism to cut costs for offshore funds

Lady builds flats on land and sells, claims Rs 13 crore tax deduction; wins in HC

NFRA tightens the screws on auditor–board communication: What it means for CAs and regulators

EPFO to deploy new age tech to authenticate member records

RBI may mandate banks to set aside additional capital

Big setback for Tiger Global as SC rules against Co in taxation claim over stake sale in Flipkart

NSE IPO: Sebi agrees ‘in-principle’ to settlement plea; path clears for long-awaited listing

ITR filers face several issues with Capital Gains Account Scheme - experts suggest fixes in Budget 2026

NFRA seeks AI tools to improve financial reporting quality

Disputing a wrong credit card charge? Experts say timing decides refunds

Insurance cover, loan and card perks: Inside the new Govt salary account

RBI proposes changes to banks' forex positions

RBI issues norms for internal ombudsman in banks, NBFCs

Sumitomo Mitsui Banking gets RBI's in-principle nod for fully-owned India subsidiary

RBI recognises FEDAI as self-regulatory organisation for authorised dealers

Maharashtra overtakes Tamil Nadu in NITI's 2024 export preparedness index

  

International News:

The reporting evolution accelerating into 2026

Don’t let a bankrupt client bankrupt you


Exposure Drafts:

RBI Draft:

Draft Amendment Directions on Net Open Position – Revised Instructions
[Last date for Comments: February 3, 2026] 

  

SEBI Drafts:

Consultation paper for simplification of client on-boarding and rationalisation of risk management framework at KYC Registration Agencies
[Last date for Comments: February 6, 2026] 

Consultation Paper on proposal to permit netting of funds for transactions done by Foreign Portfolio Investors (FPIs)
[Last date for Comments: February 6, 2026] 


Acts & Regulations:

RBI Master Circulars / Directions for 2025-26:

RBI Directions for Internal Ombudsman:
[Published on January 14, 2026]

Reserve Bank of India (Commercial Banks - Internal Ombudsman) Directions, 2026

Reserve Bank of India (Small Finance Banks - Internal Ombudsman) Directions, 2026

Reserve Bank of India (Payments Banks - Internal Ombudsman) Directions, 2026

Reserve Bank of India (Non-Banking Financial Companies - Internal Ombudsman) Directions, 2026

Reserve Bank of India (Non-Bank Prepaid Payment Instruments Issuers - Internal Ombudsman) Directions, 2026

Reserve Bank of India (Credit Information Companies - Internal Ombudsman) Directions, 2026

  

IFSCA Regulations:

IFSCA (Performance Review Committee) Regulations 2022 (Amended up to January 12, 2026)

IFSCA (Global In-house Centre) Regulations, 2025


From the ICAI:

ICAI Announcement:

Revised Eligibility Criteria for Empanelment of Organizations to Impart Industrial Training
(Effective from 1st January, 2026)


Legal Updates:

RBI:

Export and Import of Goods and Services

  

SEBI:

Introduction of Closing Auction Session (CAS) in the Equity Cash Segment and certain modifications in the Pre-Open Auction Session

Single Window Automatic and Generalised Access for Trusted Foreign Investors (SWAGAT-FI)” framework for FPIs and FVCIs

Single Window Automatic and Generalised Access for Trusted Foreign Investors (SWAGAT-FI) framework for FPIs and FVCIs

  

DGFT:

Amendments to Guidelines for Interest Subvention Support for Pre- and Post Shipment Export Credit under EXPORT PROMOTION MISSION – NIRYAT PROTSAHAN [Trade Notice No.22]

  

Customs:

Fixation of Tariff Value for Edible Oils, Brass Scrap, Areca Nut, Gold and Silver [No.1(NT)]


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