Ahewal Business Intelligence

1.DGGI Seeks Payment Trail to Crack Down on Illegal Betting Networks

The Directorate General of GST Intelligence (DGGI) has recommended mandatory recording of details of websites that direct users to make payments, aiming to address illegal online gaming and betting networks. The DGGI's investigation estimated a betting ecosystem worth ₹70,000 crore. The recommendations include capturing payment details to establish links between gaming platforms and the entities receiving funds, which could enhance compliance requirements for payment banks and aggregators.

This proposal could significantly impact compliance requirements for clients involved in payment processing.

Economic Times · Economic Times

2.Extension of Companies Compliance Facilitation Scheme, 2026 (CCFS-2026)

The Ministry of Corporate Affairs has extended the validity of the Companies Compliance Facilitation Scheme, 2026 (CCFS-2026) up to 15th September 2026. This extension follows previous extensions and is in response to representations from various stakeholders. The scheme was initially operational until 15th July 2026 and was previously extended to 31st August 2026.

This extension provides companies additional time to complete their statutory filings.

Ministry of Corporate Affairs · General Circular no. 04/2026

3.Delhi Cabinet clears Ease of Doing Business Bill; no routine checks for 3 years

The Delhi Cabinet has approved the Delhi Ease of Doing Business Bill, 2026, which introduces a single-window system for obtaining approvals, registrations, licenses, and clearances for enterprises. The Bill aims to simplify the process and reduce routine inspections for three years after registration, with inspections only occurring in response to serious complaints. Self-declaration will be accepted for low-risk businesses.

This Bill significantly alters the regulatory landscape for businesses in Delhi, impacting compliance and operational processes.

Delhi Government · The Hindu

4.Govt can’t revive old dues after insolvency plan, says Delhi HC

The Delhi High Court ruled that government authorities cannot seek recovery of old dues after a resolution plan is approved in insolvency. This ruling came in response to the Customs Department's claim for ₹589,000 in additional customs duty from Jaiprakash Associates, which did not file its claim during the insolvency process. The court emphasized that creditors must raise claims during the insolvency process.

This ruling clarifies the obligations of creditors during insolvency proceedings, impacting future claims.

Mint · Mint

5.FSSAI directs 5-star hotels to ensure food safety compliance

The FSSAI has directed five-star hotels to comply with food safety and kitchen hygiene regulations. This directive follows the issuance of notices to JW Marriott and Andaz for serious violations, including pest infestation and expired items. The FSSAI will increase inspections in the hotel sector to ensure compliance with safety protocols.

CA should monitor compliance requirements for clients in the hospitality sector.

Food Safety and Standards Authority of India (FSSAI) · The Hindu BusinessLine

6.RELIEF ROUTE. Six-month window offers retrospective relief and easier compliance for trusts

The EPFO has announced a one-time amnesty scheme for private provident fund trusts to regularise their income tax exemption status without facing past penalties. The amnesty provisions are valid for six months from June 29, 2026. Trusts must obtain a formal exemption order under section 17 of the Employees’ Provident Funds and Miscellaneous Provisions (EPF&MP) Act, 1952, or Section 143 of the Code on Social Security (CoSS), 2020.

CAs should advise clients on the amnesty scheme to regularise tax exemption statuses.

Employees’ Provident Fund Organisation (EPFO) · The Hindu BusinessLine

7.Relief Measures in Areas Affected by Natural Calamities - Reporting through Centralised Information Management System (CIMS) Portal - Introduction of Half-Yearly Return

The regulatory framework for relief measures in areas affected by natural calamities has been revised. Regulated Entities (REs) are now required to submit data on relief measures through the CIMS portal on a half-yearly basis. The return must be submitted within 30 days from the end of each half-year.

This change impacts how banks report relief measures, affecting compliance and data management.

Reserve Bank of India · RBI/2026-27/250 CO.FIDD.FSD.No.S544/05-10-001/2026-27

8.Reserve Bank of India (Urban Co-operative Banks – Classification, Valuation, and Operation of Investment Portfolio) Second Amendment Directions, 2026

The Reserve Bank of India has amended the Urban Co-operative Banks Directions to facilitate UCBs' membership in the Indian Digital Payment Intelligence Corporation (IDPIC). The amendments include substitutions in Paragraph 101.(5) and Paragraph 107.(1) regarding equity shares of specific organizations. These changes are aimed at enhancing the operational framework for UCBs in relation to digital payment fraud intelligence.

This amendment is crucial for UCBs to engage with digital payment systems effectively.

Reserve Bank of India · RBI/2026-27/249

9.FCNR(B) Brings in Over $127 B Share Inquiry Closed

Banks mobilised a record $127.22 billion through foreign currency non-resident (bank) deposits (FCNR(B)) before the special window closed at the end of August. This amount is nearly five times the $26 billion raised under a similar scheme in 2013. The total inflows through special schemes, including FCNR(B), overseas foreign currency borrowings (OFCBs), and external commercial borrowings (ECBs), reached $136.37 billion.

This significant inflow impacts foreign exchange reserves and may affect currency stability.

Reserve Bank of India · Economic Times

10.FCNR(B) inflows top $127 billion in 85 days

Banks mobilised $127.226 billion in fresh Foreign Currency Non-Resident (Bank) [FCNR(B)] deposits under the Reserve Bank of India’s concessional swap facility, which was open from June 8 to August 31. The inflows exceeded expectations, which were between $80-100 billion. During the 85-day period, banks raised $65.397 billion between June 8 and August 21, and mobilised another $61.829 billion between August 22 and August 31.

This significant inflow can impact foreign exchange reserves and liquidity management for banks.

Reserve Bank of India · The Hindu BusinessLine

11.Deposits and Accounts – Accounts of Non-resident banks

The Reserve Bank of India has decided to dispense with the reporting requirements for Authorised Dealer banks regarding the maintenance of Rupee accounts of non-resident banks. Previously, banks were required to furnish an up-to-date list of their offices/branches maintaining such accounts by January 15 each year. Additionally, they were required to report temporary overdrawals by overseas branches if not adjusted within five days.

This change simplifies compliance for banks dealing with non-resident accounts.

Reserve Bank of India · RBI/2026-27/251 A.P. (DIR Series) Circular No. 20

12.Forex Kitty Passes $729B by Aug 21

India's foreign exchange reserves reached $729.3 billion as of August 21, 2026, marking an increase of nearly $50 billion since June. The surge in reserves is attributed to the central bank's advance of the deadline for banks to accept incentive-linked FCNR(B) deposits to August 31. The swap scheme for ECBs and OFCBs will continue until December 31, 2026.

This change impacts foreign exchange management and liquidity strategies for clients.

The Economic Times · Economic Times

13.RBI forex deposit scheme brings in $136.4 billion

The Reserve Bank of India (RBI) reported that its forex deposit scheme, which ended on 31 August, attracted a total of $136.4 billion. This includes $127.2 billion from foreign currency non-resident bank (FCNR) deposits and $9.2 billion from overseas foreign currency borrowings. The influx has contributed to RBI's forex reserves reaching a record $729 billion.

The significant inflow of dollars enhances RBI's ability to manage currency volatility.

Mint · Mint

14.SEBI introduces one-time special window for re-lodgement of physical share transfer requests

SEBI has introduced a one-time special window for a period of one year, from 5th February 2026 to 4th February 2027, for re-lodgement of transfer requests and dematerialisation of physical shares. This facility is available to investors whose requests were lodged prior to 1st April 2019 but were returned due to deficiencies. Transfer requests must be submitted to KFin Technologies Limited, and all requests will be processed through the transfer-cum-demat mode, subject to a lock-in period of one year.

CAs should inform clients about the re-lodgement facility for physical share transfers.

Securities and Exchange Board of India (SEBI) · Circular dated 30th January 2026 · Business Standard

15.Japan’s JCRA Upgrades India Sovereign Rating to A-

Japan Credit Rating Agency (JCRA) has upgraded India's sovereign rating to A- from BBB+, the first upgrade in over 30 years. The upgrade is attributed to India's solid economic growth, effective economic policies, robust private consumption, and public investment. JCRA expects India's economy to grow over 6% in 2026-27.

This upgrade may influence investor confidence and borrowing costs for clients.

Japan Credit Rating Agency (JCRA) · Economic Times · Mint

16.DCC may approve usage fee at 5% of adjusted revenue for satellite spectrum

An inter-ministerial panel is expected to decide on the usage fee for satellite spectrum, with the Digital Communications Commission (DCC) likely to approve a fee of 5% of adjusted gross revenue (AGR). Additionally, firms serving remote areas may receive a 1 percentage point reduction in charges. This decision follows discussions on spectrum allocation and charges for satellite communication companies.

Changes the cost structure for satellite communication firms, impacting their financial planning.

Digital Communications Commission (DCC) · Economic Times

17.MSCI to Drop Swiggy From Global Indices

MSCI will delete Swiggy from global indices effective September 7 due to a reduction in its foreign ownership limit to 49.5% from 100%. This change could trigger passive outflows of about $330 million, equivalent to nearly 120 million shares. FTSE will also adjust Swiggy’s investability weight, potentially resulting in additional outflows of about $110 million.

The deletion from indices may significantly impact Swiggy's stock performance and investor sentiment.

MSCI · Economic Times

18.Reliance Life Sciences gets USFDA warning letter

The USFDA issued a warning letter to Reliance Life Sciences Pvt Ltd for significant violations of current good manufacturing practice regulations at its manufacturing facility in Navi Mumbai. The firm failed to ensure that laboratory records included complete data from all tests necessary to ensure compliance with established specifications and standards. As a result, all drugs and drug products offered for import into the US from the firm are now on import alert.

The warning letter could affect Reliance Life Sciences' ability to export pharmaceutical products to the US market.

US Food and Drug Administration · The Hindu BusinessLine · Mint · Economic Times

19.CCPA slaps ₹10 lakh fine on Dial4Trade Tech for unauthorised sale of hazardous chemicals

The CCPA imposed a ₹10 lakh penalty on Dial4Trade Technologies for facilitating the online sale of ammonium nitrate without necessary regulatory safeguards. The authority is examining other e-commerce platforms for similar violations. Dial4Trade is directed to cease all listings and sales of hazardous chemicals without proper licensing.

CA should ensure clients in e-commerce comply with regulations on hazardous materials.

Central Consumer Protection Authority (CCPA) · The Hindu BusinessLine

20.FCRA Amendment Bill, 2026 raises concerns over state intervention

The FCRA Amendment Bill, 2026 introduces a 'Designated Authority' to manage foreign contributions and assets when an organisation's FCRA certificate is cancelled or ceases to exist. This includes provisions for the provisional vesting, management, and disposal of such assets. The Bill expands the statutory consequences of losing FCRA registration, allowing the government to take possession and manage assets created from foreign contributions.

The Bill significantly alters the regulatory landscape for organisations receiving foreign contributions.

The Hindu

21. BIS exemption on cards for high-tech mfg: Goyal Ministry of Commerce and Industry