Daily Newsletter - June 5, 2026

Latest additions to CAalley:

News Update:

Indian News

International News

Exposure Draft:

RBI Draft

Acts & Regulations:

RBI Master Directions

SEBI Master Circular

From the ICAI:

ICAI Publication

Legal Updates:

IBBI

RBI

FEMA

IFSCA

DGFT

News Update:

Indian News:

Govt exempts foreign investors from tax on G-Secs: Why does this matter?

RBI widens FAR, unveils other measures to attract foreign capital

RBI MPC key takeaways

NPS goes digital: PFRDA launches StAR NPS, onboarding process explained

Who is Neelkanth Mishra, India's new Executive Director at World Bank?

RBI closes Myntra FEMA case after ED nod, imposes ₹2.88 lakh fee

IndusInd Bank faces fresh whistleblower allegations

The great $100-billion tech shift: GCCs tighten grip on India’s talent market

RBI, SEBI tighten scrutiny of overseas investments by firms and family offices amid rupee pressure: Report

How a shareholder's complaint led Sebi to Rajesh Exports' ₹15 trn puzzle

Rajesh Exports: Sebi finds 97-99% revenue inflation, bars promoter from trading

International News:

Five simple storytelling tricks for accountants: ICAEW

Exposure Draft:

RBI Draft:

Draft RBI (Interest Rate on Deposits) Amendment Directions, 2026
[Last date for Comments: June 20, 2026] 

Acts & Regulations:

RBI Master Directions:

Master Direction - Reserve Bank of India (Non-resident Investment in Debt Instruments) Directions, 2025 (Updated as on June 05, 2026)

Master Direction – Reporting under Foreign Exchange Management Act, 1999 (Updated as on June 05, 2026)

SEBI Master Circular:

Master Circular for Alternative Investment Funds (AIFs)

From the ICAI:

ICAI Publication:

Handbook on Returns and Payments under GST
[Revised in March 2026]

Legal Updates:

IBBI:

Notification:

The Insolvency and Bankruptcy Code (Amendment) Act, 2026

Circulars:

Format for filing complaint under the Insolvency and Bankruptcy Board of India (Grievance and Complaint Handling Procedure) Regulations, 2017

Formats under the Insolvency and Bankruptcy Board of India (Information Utilities) Regulations, 2017

Format for filing claims under the Insolvency and Bankruptcy Board of India (Inspection and Investigation) Regulations, 2017

Formats under the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Corporate Persons) Regulations, 2016

Formats under the Insolvency and Bankruptcy Board of India (Pre-packaged Insolvency Resolution Process) Regulations, 2021

Formats under the Insolvency and Bankruptcy Board of India (Bankruptcy Process for Personal Guarantors to Corporate Debtors) Regulations, 2019

Formats under the Insolvency and Bankruptcy Board of India (Insolvency Resolution Process for Personal Guarantors to Corporate Debtors) Regulations, 2019

Formats under the Insolvency and Bankruptcy Board of India (Voluntary Liquidation Process) Regulations, 2017

Formats under the Insolvency and Bankruptcy Board of India (Liquidation Process) Regulations, 2016

RBI:

Submission of statement/return on Centralized Information Management System (CIMS)

Investments by Foreign Portfolio Investors in Government Securities – Amendments to the regulatory framework

FEMA:

Foreign Exchange Management (Cross Border Merger) (Amendment) Regulations, 2026

IFSCA:

Reporting format and norms for Annual Compliance Audit for CMIs in IFSC

Advisory on Heightened Cyber Security Risks arising from Frontier Artificial Intelligence Models

DGFT:

Enlistment under Appendix 2E of FTP, 2023-Agency Authorised to issue Certificate of Origin (Non-Preferential) [Public Notice No.17]