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Important Information for Gift City Bulletin
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28
Apr
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India-Middle East- Europe Economic Corridor Summit- 28-29 April 2025
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CUSTOMS
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25
Apr
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Notification No. 30/2025
(Delhi)
S.O ……. (E). - In exercise of the powers conferred by section 157, read with sub-section (3) of section 54 and section 158 of the Customs Act, 1962
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24
Apr
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Notification No. 28/2025
(Delhi)
S.O. … (E).– In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962
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21
Apr
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Notification No. 26/2025
(Delhi)
G.S.R……. (E). – In exercise of the powers conferred by section 75 of the Customs Act, 1962
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21
Apr
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Circular No. 14/2025
(Delhi)
Amendment to guidelines issued vide Circular No. 38/2020 dated 21.08.2020 - reg.
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INCOME TAX
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25
Apr
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Notification No. 39/2025
(Delhi)
S.O. 1850(E).— In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961
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24
Apr
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Notification No. 35/2025
(Delhi)
G.S.R. 252(E).––In exercise of the powers conferred by section 295 read with section 206C of the Incometax Act, 1961
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24
Apr
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Notification No. 36/2025
(Delhi)
S.O. 1825(E).—In exercise of the powers conferred by clause (ii) of sub-section (1F) of section 206C of the Income-tax Act, 1961
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24
Apr
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Notification No. 37/2025
(Delhi)
S.O. 1826(E).—In exercise of the powers conferred by sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, 1961
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24
Apr
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[Notification No. 38/2025
(Delhi)
S.O. 1838(E).—In exercise of the powers conferred by clause (iv) of Explanation 3 of sub-section (1) of section 37 of the Income-tax Act, 1961
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22
Apr
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Notification No. 33/2025
(Delhi)
S.O. 1770(E).— In exercise of the powers conferred by clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961
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22
Apr
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Notification No. 34 /2025
(Delhi)
S.O. 1774(E).— In exercise of the powers conferred by clause (48) of section 2 of the Income-tax Act, 1961
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RBI
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24
Apr
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RBI/FED/2025-26/29
(Delhi)
Amendments to Directions - Compounding of Contraventions under FEMA, 1999
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24
Apr
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RBI/2025-26/30
(Delhi)
Exports through warehouses in ‘Bharat Mart’ in UAE – relaxations
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23
Apr
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RBI/2025-26/28
(Delhi)
Circular - Migration to '.bank.in' domain
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22
Apr
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RBI/2025-26/26
(Delhi)
Opening of and operation in deposit accounts of minors
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22
Apr
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RBI/2025-26/27
(Delhi)
Basel III Framework on Liquidity Standards – Liquidity Coverage Ratio (LCR) – Review of haircuts on High Quality Liquid Assets (HQLA) and review of composition and runoff rates on certain categories o
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LIVE MARKET
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NSE (NIFTY)
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BSE (SENSEX)
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NASDAQ
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FTSE 100
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USD
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EURO
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GBP
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GOLD
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SILVER
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INDIAN ECONOMY
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India’s Business Confidence Index (BCI) stayed strong in the fourth quarter of FY2024-25, indicating that businesses remain optimistic about the country’s economic trajectory, according to the National Council of Applied Economic Research (NCAER).
The index inched up to 139.3, slightly higher than 138.4 in...
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The Asian Development Bank (ADB) committed $5 billion in loans, grants, and other assistance to India in 2024, supplemented by $2.2 billion in cofinancing, to bolster the nation's efforts in tackling key developmental challenges. The bank's support focused on critical sectors including healthcare, education, ...
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The Indian economy will grow a bit slower than previously thought this fiscal year, according to economists in a Reuters poll who said US tariffs have negatively impacted business sentiment, raising concerns about already weak private investment.
Gross domestic product (GDP) growth in the world's fifth-lar...
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Indian economy could grow at 6.5 per cent in the current fiscal as lower prices of crude oil are expected to ease inflationary pressure and support domestic growth, despite intensifying global trade tensions, EY said on Friday.
The 'EY Economy Watch' report for April identifies four key interlinked effects...
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India has made significant progress in reducing poverty, with extreme poverty -- measured at $2.15 per day in purchasing power parity (PPP) terms -- falling from 16 per cent in 2011–12 to 2.3 per cent in 2022–23, according to the World Bank. The decline lifted 171 million people above the internationally comp...
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The provisional net direct tax collection for the financial year 2024-25 marginally fell short of the revised target, growing 13.57 per cent to Rs 22.26 trillion, data released by the finance ministry on Friday showed. The net direct tax collection in FY24 was Rs 19.60 trillion.
The government had set a t...
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MARKET & FINANCE
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Overseas remittances by Indian residents under the Liberalised Remittance Scheme (LRS) of the Reserve Bank of India (RBI) fell by 29 per cent to $1,964.21 million in February 2025 from $2,768.89 million in January.
According to RBI data, remittances for travel purpose declined by 33.77 per cent to $1,090.6...
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India's forex reserves jumped USD 8.31 billion to USD 686.145 billion for the week ended April 18, the RBI said on Friday.
This is the seventh consecutive week of a rise in the kitty, which had jumped by USD 1.567 billion to USD 677.835 billion in the previous reporting week ended April 11. The forex reser...
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The FII buying binge continues. In the past 7 trading sessions or last 10 days Foreign institutional investors have bought equities worth Rs 29,510 crore. This striking change in approach is also indicative of the overall global scenario at the moment. The US markets have rallied significantly in the past few...
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GLOBAL CORPORATE
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BYD's first-quarter profit leapt 100.4% from a year earlier, the fastest pace in nearly two years, as the Chinese electric vehicle giant extends its lead in its competitive home market after launching a smart EV price war.
Net profit totalled 9.2 billion yuan ($1.26 billion), a stock filing showed on Frida...
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U.S. officials plan to conduct trade negotiations using a new template setting common terms for many of the talks over President Trump’s reciprocal tariffs, The Wall Street Journal reported on Friday.
Officials plan to use a framework prepared by the U.S. Trade Representative’s office that lays out broad c...
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Elon Musk's xAI Holdings is in talks with investors to raise roughly $20 billion in funding for his newly combined artificial intelligence startup and social media business, Bloomberg News reported on Friday, citing people familiar with the matter.
The transaction would value the company at more than $120 ...
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Maritime consultancy Drewry said on Thursday it expects global container port volume to fall 1% as a direct result of U.S. trade policies.
That would be the third drop in global container shipping demand since London-based Drewry began collecting that data in 1979. Container volume fell 8.4% during the glo...
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Ever since Donald Trump took charge on January 20 as 47th President of the US, raising import tariff has been his key weapon to reset international economic relation agenda. Starting with the release of “America First Trade Policy Memorandum” on the very first day of his second term, followed by series of ann...
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A 25 per cent US tariff on pharmaceutical imports would increase US drug costs by nearly $51 billion annually, boosting US prices by as much as 12.9 per cent if passed on, a report commissioned by the industry's US trade group and reviewed by Reuters shows.
The analysis, conducted by Ernst & Young (EY), f...
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China is weighing the suspension of its 125 per cent tariff on select US imports, according to a Bloomberg report citing people familiar with the matter. The proposed exemptions reflect growing concerns over the toll that the prolonged trade war is taking on critical Chinese industries.
The potential tari...
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Banking
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Banks’ deposits grew slower than credit in the week ending April 4, according to the Reserve Bank of India data. Outstanding deposits grew 10% while outstanding credit increased by 10.9% during the fortnight.
Outstanding deposits of banks increased to Rs 236.15 lakh crore as of April 4 from Rs 214.7 lakh c...
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GLOBAL ECONOMY
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| Trade Report |
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Month |
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July 2019 |
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California has overtaken Japan in terms of its Gross Domestic Product (GDP) — a milestone highlighted by Governor Gavin Newsom, who warned that President Donald Trump's tariff policies could endanger the state’s growing prosperity...
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Increased global economic risks will likely weigh on Switzerland's economic growth, Swiss National Bank Chairman Martin Schlegel said on Friday, adding the current turmoil over U.S. tariffs made maintaining stable prices in Switze...
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Zimbabwe's annual inflation rate was at 85.7% in April in local currency terms, statistics agency data showed.
Friday's release is the first time Zimstat has given a year-on-year local currency inflation rate since authorities ...
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Turkish inflation expectations edged up in April for businesses and market participants, and remained steady at 59.3% in 12 months time for households, the central bank said on Friday, reflecting fallout from market turmoil last m...
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Thai export growth could exceed targets this year but challenges loom as the government seeks to negotiate a tariff deal with the United States that would benefit both sides, its commerce minister said on Friday.
"This year's e...
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South African economic growth will be a bit weaker this year than thought a month ago partly due to trade tensions, with U.S. President Donald Trump having paused a 31% tariff for 90 days imposed on imports from Africa's most indu...
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Bank of England policymaker Megan Greene said U.S. President Donald Trump's tariffs would probably lead to lower rather than higher inflation in Britain but big uncertainties remained about the plan and the impact of a recent UK t...
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Economic growth in Latin America and the Caribbean is expected to slow this year partly weighed by political and trade uncertainty and the impact of tariffs, an IMF official said on Friday.
Earlier this week, the International ...
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International Monetary Fund member countries said on Friday that rising trade tensions were sapping growth and fueling uncertainty as well as market and financial stability risks, but reaffirmed their commitment to the institution...
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Rising risks around global trade, general policy uncertainty, and the sustainability of U.S. debt topped the list of potential risks to the U.S. financial system in a new Federal Reserve survey released on Friday.
The bi-annual...
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There is a much higher risk of stagflation than recession in the U.S. economy over the next year, while the asset class most expected to outperform in 2025 is cash, according to the results of a JPMorgan survey published on Friday...
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Spiking trade uncertainty is compounding rising debt and sluggish growth problems facing emerging markets and developing countries, but cutting their own tariffs could provide a big boost, said Indermit Gill, the World Bank's chie...
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China’s central bank is boosting cash injection via one of its policy tools as it seeks to safeguard the world’s second-largest economy from the impact of punitive US tariffs.
The People’s Bank of China will conduct 600 billio...
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President Donald Trump’s tariffs would effectively cause a tax increase for low-income families that is more than three times higher than what wealthier Americans would pay, according to an analysis from the Institute on Taxation ...
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President Donald Trump can't stop contradicting himself on his own tariff plans.
He says he's on a path to cut several new trade deals in a few weeks but has also suggested it's physically impossible" to hold all the needed mee...
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INDIAN CORPORATE
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Auto major Maruti Suzuki India on Friday said its consolidated net profit declined by 1 per cent year-on-year to Rs 3,911 crore in the fourth quarter ended March 31, 2025, on account of higher expenses.
The country's largest ca...
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With its store footprint now stable, Reliance Retail is doubling down on high-growth areas such as premium grocery, quick commerce, and consumer brands as it sharpens its focus on profitability and deeper market penetration.
“W...
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JioStar, the joint venture created after the merger of the media business of Reliance and the India business of global media giant Walt Disney, on Friday reported revenues of Rs 10,006 crore with pre-tax earnings of Rs 774 crore.
...
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Vedanta Group company Hindustan Zinc Ltd on Friday released its fiscal fourth quarter earnings report with profit at Rs 3,003 crore, surpassing estimates. This was 47.35 per cent higher in comparison to Rs 2,038 crore recorded dur...
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Reliance Industries beat market expectations to report a consolidated profit of Rs 194.07 billion during the final quarter of FY25. Annual profits were almost unchanged at Rs 69,648 crore — even as the oil-to-telecom-and-retail co...
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RBL Bank’s profit declined 81% year-on-year to Rs 69 crore in the fourth quarter of the previous financial year, impacted by rise in provisions due to spike in bad loans. The Q4 FY25 numbers, announced on Friday, beat Street exp...
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Reliance Retail Ventures (RRVL), the retail arm of Reliance Industries (RIL), reported a 29.1% year-on-year growth in net profit to Rs 3,545 crore for the three months ended March 31, 2025 (Q4FY25), led by a consumption uptick fue...
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Jio Platforms (JPL), the digital and telecom arm of Reliance Industries, on Friday posted a sequential rise in net profit for the January–March quarter, on the back of rising average revenue per user (Arpu) and continued growth in...
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Reliance Industries (RIL) on Friday beat estimates on all the fronts in its earnings for the January-March quarter driven by a recovery in its oil-to-chemicals (O2C) business and strong performance of digital and retail arms.
N...
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GST
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The Central Board of Indirect Taxes & Customs (CBIC) has notified comprehensive rules for the Goods and Services Tax (GST) Appellate Tribunal, with effect from April 24, outlining the procedures for filing, management and adjudication of appeals, and set out the powers, duties and functions of the tribunal.
...
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To operationalise the Goods and Services Tax Appellate Tribunal (GSTAT), the Centre on Friday notified the GSTAT (Procedure) Rules, which provide for mandatory e-filing of applications and conducting hearings in a hybrid mode.
The rules also provide that any urgent matter filed by an applicant before 12:00...
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