Weekly Newsletter - January 21, 2026
Latest additions to CAalley:
Exposure Drafts:
Acts & Regulations:
RBI Master Circulars / Directions for 2025-26
From the ICAI:
Legal Updates:
News Update:
Govt to pump ₹5,000 cr into SIDBI to step up credit for MSMEs
'Fake' GST ITC case: ED raids in multiple states
RBI tightens PSL norms, mandates auditor certification for lenders
Sebi proposes Rs 20,000 crore threshold to consider a benchmark as 'Significant Indices'
New priority lending norms widen scope for co-ops, tighten compliance for banks
Govt announces interest subvention scheme for export credit under EPM
Delhi HC quashes income-tax case against Prannoy and Radhika Roy, slaps fine on I-T department
NRI to resident again: 5 income tax mistakes returning Indians often make and how to avoid them
RBI proposes linking Brics' digital currencies to cut reliance on US dollar
New Labour Codes push up operating costs for private banks, insurers
Sebi Bars 12 Entities For Five Years In Front-running Case
RBI to set up central complaints processing centre under Ombudsman Scheme
Base-year revision to facilitate calibrated policies: RBI Governor Malhotra
New FEMA regulations for exports and imports to take effect from Oct 1
SC sets aside service tax demand from HT Media on fees paid to global speakers at summit
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
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
How CFOs Can Turn AI-Enabled Audits Into An Advantage
5 imperatives for auditors from the PCAOB chair
SEC proposes amendments to small entity definitions
AI 'slop' in the books: The rising cost of fixing chatbot errors
Audit firms anticipate lighter US inspection regime
The reporting evolution accelerating into 2026
Don’t let a bankrupt client bankrupt you
Exposure Drafts:
Draft Amendment Directions on Net Open Position – Revised Instructions
[Last date for Comments: February 3, 2026]
Circular under SEBI (Index Providers) Regulations, 2024
[Last date for Comments: February 10, 2026]
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]
Consultation Paper on Guidelines for Algorithmic Trading on the Stock Exchanges
[Last date for Comments: February 11, 2026]
Acts & Regulations:
RBI Master Circulars / Directions for 2025-26:
Master Directions - Reserve Bank of India (Priority Sector Lending – Targets and Classification) Directions, 2025
(Updated as on January 19, 2026)
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 (Credit Information Companies - Internal Ombudsman) Directions, 2026
Master Circular for Framework on Social Stock Exchange
[Published on January 19, 2026]
SEBI (Credit Rating Agencies) Regulations, 1999
[Last amended on January 15, 2026]
IFSCA (Performance Review Committee) Regulations 2022 (Amended up to January 12, 2026)
IFSCA (Global In-house Centre) Regulations, 2025
IFSCA (AML, CFT and KYC) Guidelines, 2022
(Updated as on January 02, 2026)
From the ICAI:
Revised Eligibility Criteria for Empanelment of Organizations to Impart Industrial Training
(Effective from 1st January, 2026)
Legal Updates:
RBI (Priority Sector Lending – Targets and Classification) (Amendment) Directions, 2026
Export and Import of Goods and Services
Foreign Exchange Management (Export and Import of Goods and Services) Regulations, 2026
SEBI (Credit Rating Agencies) (Amendment) Regulations, 2026
Amendment in export policy of items under HS Code 1101 [Notification No.55]
Modalities for export of Wheat Flour and related products under HS Code 1101 [Public Notice No.44]
Cross Recessed Screws (Quality Control) Order 2025 dated 27.08.2025 [Instruction No.1]
Amendment in notification No. 25/2023 – Customs (N. T) dated 1st April, 2023 [Notification No.5(NT)]
Amendment in Notification No. 24/2023 – Customs (N. T) dated 1st April 2023 [Notification No.4(NT)]
The Customs and Central Excise Duties Drawback (Amendment) Rules, 2026 [Notification No.3(NT)]
Fixation of Tariff Value for Edible Oils, Brass Scrap, Areca Nut, Gold and Silver [No.1(NT)]
