Weekly Newsletter - October 8, 2025
Latest additions to CAalley:
Exposure Drafts:
Acts & Regulations:
Useful Forms:
ITR eFiling Utilities for AY 2025-26
Reference Section:
CA's Referencer:
Legal Updates:
News Update:
Sebi preparing action plan for quantum-safe computing: Tuhin Kanta Pandey
CBIC rolls out automated approval system for IFSC code registration
RBI proposes changes to credit risk rules for lenders
Sebi to deploy AI tool to track misleading ads, finfluencer content
RBI plans to empower ombudsman to award up to ₹30 lakh compensation to aggrieved bank customers
Landmark HC ruling: Alcohol presence not a valid reason to deny motor claims
RBI to launch deposit tokenisation pilot on October 8: Details here
NPCI launches new tech subsidiary to boost payments innovation in India
NPCI to roll out biometric authentication for digital payments from Oct 8
India to roll out digital currency; Piyush Goyal flags unbacked crypto
CCI suggests companies to perform self-audits of AI-based systems
RBI's Basel III norms to lower banks' capital requirement from 2027
India launches UPI payment system in Qatar's Lulu Group stores
Hindustan Zinc gets Rs 73.4 lakh penalty and tax demand from Udaipur tax authorities
Supreme Court to hear plea challenging constitutional validity of STT
Sebi chairman warns retail investors against speculative trading in derivatives
Sebi flags 100k misleading social media posts amid investor scams
Govt considers introducing nationwide climate-linked insurance scheme
Indian arms strike richer valuations than their global parents
From oil to pistachios: How barter trade is reshaping global commerce
Got higher PF deductions? You may now claim a bigger pension: HC ruling
RBI may let real estate tap offshore loans in bid to shore up dollar flows
CBIC allows 90% provisional refund for IDS claims
CA and advocate arrested for tax evasion and forgery cases
Sitharaman launches campaign to return ₹1.84 trn unclaimed financial assets
Non-residents allowed to invest in corporate debt from special rupee vostro accounts
RBI proposes easing regulatory framework for foreign entities establishing offices in India
RBI plans stricter rules for banks, NBFCs on related-party lending
RBI proposes market-linked framework for external commercial borrowings
NITI Aayog proposes optional presumptive tax regime for foreign companies
RBI grants FIDC self-regulatory status to oversee non-bank lending sector
Gold prices new barometer of global uncertainty, says RBI Governor Malhotra
Dubai man takes Customs dept to court over Rolex: Here's what Delhi HC said
Govt looks to address gaps used to illegally transfer forex overseas
Sebi mulls stricter disclosure rules for billionaire family offices
How SEBI’s new UPI handles, verification tools help investors avoid fraud
I-T dept imposes penalty of ₹23.07 crore on Adani Cement entity ACC
Portal rollout soon for speedy transfer of unclaimed shares
ED launches pan-India drive against cybercrimes
RBI tightens gold loan rules: What changes in repayment, valuation, auction
RBI eases compliance burden; gives extra time for merchant payments
RBI proposes easing curbs on current, cash credit, and overdraft accounts
RBI examining digital phone locking as loan recovery tool, says governor
FIU issues notices to 25 offshore crypto platforms for PMLA non-compliance
Baijayant Panda to head Select Committee on IBC Amendment Bill 2025
Why auditors are the guardians of trust in the age of AI
Deloitte admits to using AI in $440k report, to repay Australian govt after multiple errors spotted
PCAOB Fines Marcum Asia $100,000 for Not Communicating Properly with Successor Audit Firm
KPMG’s Work for Silicon Valley Bank Exposes Audit Limits
FASB Unveils New Rules Streamlining Internal Software Accounting for Modern Development Methods
Exposure Drafts:
Exposure Drafts of Standards on Internal Audit (SIAs)
[Last date for Comments: October 23, 2025]
Consultation Paper on Master Circulars for Stock Exchanges and Clearing Corporations in the IFSC
[Last date for Comments: October 22, 2025]
Draft Directions pursuant to Policy Announcement
[Last date for Comments: October 28, 2025]
Draft Reserve Bank – Ombudsman Scheme, 2025
[Last date for Comments: October 28, 2025]
Draft Master Direction - Reserve Bank of India (Internal Ombudsman for Regulated Entities) Directions, 2025
[Last date for Comments: October 28, 2025]
Draft RBI (Lending to Related Parties) Directions, 2025
[Last date for Comments: October 31, 2025]
Draft External Commercial Borrowing Framework under Foreign Exchange Management (Borrowing and Lending) Regulations, 2018
[Last date for Comments: October 24, 2025]
Draft Foreign Exchange Management (Establishment in India of a branch or office) Regulations, 2025
[Last date for Comments: October 24, 2025]
Guidelines on Enhancing Credit Supply for Large Borrowers through Market (Repeal Circular), 2025
[Last date for Comments: October 24, 2025]
RBI (Basic Savings Bank Deposit Account) Directions, 2025
[Last date for Comments: October 24, 2025]
RBI (Commercial Banks – Transaction Accounts) Directions, 2025
[Last date for Comments: October 24, 2025]
RBI (Small Finance Banks – Transaction Accounts) Directions, 2025
[Last date for Comments: October 24, 2025]
RBI (Regional Rural Banks – Transaction Accounts) Directions, 2025
[Last date for Comments: October 24, 2025]
RBI (Local Area Banks – Transaction Accounts) Directions, 2025
[Last date for Comments: October 24, 2025]
RBI (Urban Co-operative Banks – Transaction Accounts) Directions, 2025
[Last date for Comments: October 24, 2025]
RBI (Rural Co-operative Banks – Transaction Accounts) Directions, 2025
[Last date for Comments: October 24, 2025]
RBI (Payments Banks – Transaction Accounts) Directions, 2025
[Last date for Comments: October 24, 2025]
Consultation Paper on Measures for ease of doing business on Administration of Exchanges
[Last date for Comments: October 29, 2025]
Acts & Regulations:
Master Direction – Import of Goods and Services (Updated as on October 1, 2025)
Master Direction – Export of Goods and Services (Updated as on October 1, 2025)
Useful Forms:
ITR eFiling Utilities for AY 2025-26:
The following eFiling Utilities have been updated:
ITR 5 - Common Filing Utility
ITR 6 - Common Filing Utility
ITR 6 - Excel Utility
Reference Section:
Research Publication: Transforming Insolvency Resolution in India
CA's Referencer:
NFRA Auditor-Audit Committee Interaction Series 4 -
Audit of Accounting Estimates and Judgements Impairment of Non-financial Assets- Ind AS 36, SA 540
[Published on September 30, 2025]
Legal Updates:
The IEPFA (Accounting, Audit, Transfer and Refund) Amendment Rules, 2025 - New From No. IEPF-5
Reserve Bank - Integrated Ombudsman Scheme, 2021 (RB-IOS, 2021)
International Trade Settlement in Indian Rupees (INR)
Merchanting Trade Transactions (MTT) – Review of time period for outlay of foreign exchange
Review of Block Deal Framework
Circular on Foreign Currency Settlement System – Instructions for IFSC Banking Units
Foreign Currency Settlement System - Notification of Bye-laws, Rules and Regulations
Extension of filing Annual RoDTEP Returns [Public Notice No.24]
Amendment to Para 2.35 of the Handbook of Procedures, 2023 [Public Notice No.23]
Amendment in Export Policy of De-Oiled Rice Bran [Notification No.37]
Exemptions for Export of Agricultural Commodities to Bhutan [Notification No.36]
Corrigendum to Notification No. 43/2025-Customs dated 30.09.2025
