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Daily Newsletter - August 8, 2026

Latest additions to CAalley:

News Update:

Indian News

Exposure Drafts:

RBI Drafts

IFSCA Draft

Acts & Regulations:

RBI Directions

Useful Forms:

ITR eFiling Utilities for AY 2026-27

Legal Updates:

IFSCA

DGFT


  

News Update:

Indian News:

Gratuity tax deduction denied due to ITR filing error? ITAT Chennai says genuine claims can't be rejected

RBI proposes a leverage ratio of 3.5% for ‘important’ global banks

Chaotic Debut: How SEBI's Closing Auction Reform Fared In Its First Week

Will you have to pay to use UPI? 7 FAQs on possible MDR and what it means for consumers answered

NFRA to unveil accounting changes for cross-border financial reporting

REIT, InvIT dividend tax break: Experts explain what changes and the catch

Tariff on most items to be in single digits in FY28 Budget: FM Sitharaman

RBI eases bank PSL calculation for loans backed by non-resident deposits

RBI extends recovery norms deadline, eases certification timeline

RBI proposes new derivative-risk capital framework effective April 2027

NBFCs can extend term loans, not revolving credit products: RBI draft norms

Foreign etailers told to set up separate export-only units in India


Exposure Drafts:

RBI Drafts:

Review of Guidelines on Concentration Risk Management - Rural Co-operative Banks
[Last date for Comments: August 28, 2026] 

Draft Reserve Bank of India (Non-Banking Financial Companies – Credit Facilities) Amendment Directions, 2026
[Last date for Comments: August 28, 2026] 

  

IFSCA Draft:

Consultation Paper on the financial soundness criteria for existing Payment System Operators (PSOs) and applicants desirous of operating payment systems in IFSC
[Last date for Comments: August 28, 2026] 


Acts & Regulations:

RBI Directions:

Important for Bank Auditors
64 RBI Directions Released on July 31, 2026


Useful Forms:

ITR eFiling Utilities for AY 2026-27:

Released on August 7, 2026:
ITR 5:
• Windows Utility
• Utility for MAC

Updated on August 7, 2026:
• ITR 5- Excel Utility


Legal Updates:

IFSCA:

Specification of Certification Course for KMPs and other employees of Capital Market Intermediaries under the IFSCA (Capital Market Intermediaries) Regulations, 2025

 

DGFT:

Streamlining of Halal Certification Process for Meat and Meat Products [Notification No.28]

Introduction of Inventory-based Cross-border E-Commerce Export Framework under FTP [Notification No.27]

Extension of Last Date for Submission of TRQ Applications under the India–United Kingdom Comprehensive Economic and Trade Agreement (CETA) for CY 2026–27 [Public Notice No.26]

Operationalisation of the Inventory-based Cross-border E-Commerce Facilitation Framework under the Handbook of Procedures, 2023 [Public Notice No.25]

Availability of License-wise Voluntary Duty Payment Details for processing of Export Obligation Discharge Certificate (EODC) applications under Advance Authorisation (AA) and Export Promotion Capital Goods (EPCG) Schemes [Trade Notice No.15]

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