Daily Newsletter - October 1, 2025

Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Drafts:

RBI Drafts

Useful Forms:

ITR eFiling Utilities for AY 2025-26

From the ICAI:

ICAI Guidance Note

Legal Updates:

GST

RBI

SEBI

DGFT

Customs

News Update:

Indian News:

Govt invites bids for coal gasification projects under ₹8,500-cr scheme

Rajesh Agrawal takes charge as Commerce Secretary

RBI permits AD banks in Bhutan, Nepal, Sri Lanka to lend in rupees; NRI rules eased

RBI announces measures to help exporters amid high US tariffs

RBI drops 'restriction' on business overlap by banks & group entities

RBI raises threshold for loan against shares, IPO financing

RBI 'enabling framework' to enable banks to finance domestic firms' M&A

RBI proposes four big measures to boost India's banking system

RBI to introduce risk-based deposit insurance premiums, says Malhotra

Online banking in BSBDA: RBI extends free digital banking service to basic savings account holders, check details

RBI strengthens consumer grievance resolution

RBI Policy Meeting 2025: Key highlights and governor Sanjay Malhotra’s major announcements

I-T drive to target tax evasion on capital gains in joint deals

Sebi seeks disclosures on promoters’ in-laws

ICICI Bank served GST demand notice of ₹216 crore by tax authorities

New India Assurance ordered to pay ₹2,379 crore by tax authority

Centre issues new guidelines to ensure timely pension and retirement dues

Government extends UPS enrollment deadline

RBI constitutes 6-member Payments Regulatory Board

RBI retains call rate as policy target, discontinues 14-day VRR, VRRR

Govt keeps interest rates on various small savings schemes unchanged

Sebi extends retail algo trading rollout, full compliance by April 2026

Tougher rules on intraday positions to hit F&O traders from tomorrow. How will it impact you?

How RBI’s amendments related to lending may impact lenders and borrowers

Centre extends RoDTEP export incentive scheme until March 2026

Sebi bars Man Industries, top executives for 2 yrs over 'fund diversion'

International News:

Cybersecurity, AI, and Economic Uncertainty: How Internal Audit Teams Are Managing 2025’s Top Risks

Exposure Drafts:

RBI Drafts:

Draft RBI (Gold Metal Loans) Directions, 2025
[Last date for Comments: October 20, 2025] 

Draft Large Exposures Framework (Amendment Circular), 2025
[Last date for Comments: October 20, 2025] 

Draft Guidelines on Management of Intragroup Transactions and Exposures (Amendment Circular), 2025
[Last date for Comments: October 20, 2025] 

Draft Reserve Bank of India (Credit Information Reporting) (1st Amendment) Directions, 2025
[Last date for Comments: October 20, 2025] 

Useful Forms:

ITR eFiling Utilities for AY 2025-26:

Updated:
ITR 7 - Offline Utility

From the ICAI:

ICAI Guidance Note:

Guidance Note on Financial Statements of Non-Corporate Entities 
[Updated in August 2025]

Legal Updates:

GST:

Regarding withdrawal of circular No. 212/6/2024-GST [Circular No.253]

RBI:

RBI (Lending Against Gold and Silver Collateral) – (1st Amendment) Directions, 2025

RBI (Interest Rate on Advances) (Amendment Directions), 2025

RBI (Basel III Capital Regulations - Perpetual Debt Instruments (PDI) in Additional Tier 1 Capital – Eligible Limit for Instruments Denominated in Foreign Currency/Rupee Denominated Bonds Overseas) Directions, 2025 [Small Finance Banks]

RBI (Basel III Capital Regulations - Perpetual Debt Instruments (PDI) in Additional Tier 1 Capital – Eligible Limit for Instruments Denominated in Foreign Currency/Rupee Denominated Bonds Overseas) Directions, 2025 [Payments Banks]

RBI (Basel III Capital Regulations - Perpetual Debt Instruments (PDI) in Additional Tier 1 Capital – Eligible Limit for Instruments Denominated in Foreign Currency/Rupee Denominated Bonds Overseas) Directions, 2025 [Scheduled Commercial Banks]

SEBI:

Extension of timeline for implementation of SEBI Circular dated February 04, 2025 on ‘Safer participation of retail investors in Algorithmic trading’

DGFT:

Extension of RODTEP Scheme for DTA units beyound 30.09.2025 and applicability to DTA/AA/SEZ/EOU Export till 31.03.2026 [Notification No.35]

Electronic filing and Issuance of Preferential Certificate of Origin (CoO) under India-European Free Trade Association Trade and Economic Partnership Agreement (India-EFTA TPA) with effect from October 01, 2025 [Trade Notice No.13]

Customs:

Seeks to give effect to the first tranche of tariff concessions under India-EFTA (Norway) [No.43]

Seeks to give effect to the first tranche of tariff concessions under India-EFTA (Norway) [No.42]

Seeks to give effect to the first tranche of tariff concessions under India-EFTA (Switzerland) [No.41]

Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver [No.60(NT)]

Customs Tariff (Determination of Origin of Goods under the Trade and Economic Partnership Agreement between India and the EFTA States) Rules, 2025 [No.59(NT)]

Appointment of a Common adjudicating authority for finalization of provisionally assessed Bills of Entry of M/s. Massimo Dutti India Pvt. ltd. [No.58(NT)]

Notification of ICD Dalpatpur, Moradabad, Uttar Pradesh u/s. 7(1)(aa) of Customs Act, 1962 and it was issued under Section 7(1)(aa) of Customs Act, 1962 [No.54(NT)]