January 21, 2025

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IMC EVENTS

NOTICE

OTHER EVENTS

 

13
Feb

Greenhouses Inputs, Irrigation, Equipment and Related Industries Exhibition

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Notifications

 
CUSTOMS

18
Jan

Notification No. 04/2025 (Delhi)
G.S.R. .. (E).- In exercise of the powers conferred by clause (aa) of subsection (1) read with sub-section (2) of section 7 of the Customs Act, 1962

17
Jan

Notification No. 01/2025 (Delhi)
G.S.R. 36(E).- In exercise of the powers conferred by clause (aa) of sub-section (1) read with sub-section (2) of section 7 of the Customs Act, 1962

17
Jan

Circular No. 02/2025 (Delhi)
Implementation of the Sea Cargo Manifest and Transhipment Regulations (SCMTR)-reg.

16
Jan

Notification No. 02/2025 (Delhi)
In exercise of the powers conferred by section 157, read with sections 30, 30A, 41, 41A, 53, 54, 56, sub-section (3) of section 98 and sub-section (2) of section 158 of the Customs Act, 1962 (52 of 19

16
Jan

Notification No.03/2025 (Delhi)
S.O. … (E).– In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962

INCOME TAX

16
Jan

Notification No. 07/2025 (Delhi)
S.O. 244(E).—In exercise of the powers conferred by clause (ii) of sub-section (1) of section 35 of the Incometax Act, 1961

RBI

20
Jan

RBI/2024-25/106 (Delhi)
Guidelines on Settlement of Dues of borrowers by ARCs

18
Jan

RBI/2024-25/105 (Delhi)
Prevention of financial frauds perpetrated using voice calls and SMS – Regulatory prescriptions and Institutional Safeguards

17
Jan

RBI/2024-25/104 (Delhi)
Coverage of customers under the nomination facility

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INDIAN ECONOMY

Trump factor has implications for economy, biz: Kumar Mangalam Birla

2025 will be marked by uncertainty, unpredictability and will be unorthodox, Aditya Birla Group chairman Kumar Mangalam Birla said on Monday while reflecting on the year ahead. Coming on the day Donald Trump would be sworn in as the 47th president of the United States (US), Birla, 57, said that he saw the ...

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India may account for 16% of global consumption by 2050: World Data Lab

India is projected to account for 16 per cent of global consumption at purchasing power parity (PPP) by 2050, up from 4 per cent in 1997 and 9 per cent in 2023 according to World Data Lab, a McKinsey Global Institute analysis said in a report on “Dependency and Depopulation: Confronting the Consequences of ne...

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ET@ Davos 2025: India among top 5 global investment destinations, says PWC’S Global CEO Survey

India has ranked among the top five investment destinations for global CEOs, along with US, UK, Germany and China, according to PwC's 28th Annual Global CEO Survey. India had jumped to fifth position among preferred investment destinations in 2024, from ninth place in 2023. Indian CEOs also appeared more u...

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India Budget: Infra sector needs Rs 15 lakh cr annual outlay to achieve Viksit Bharat target, says Mandaviya

Union Minister Mansukh Mandaviya on Monday said the government's infrastructure investment budget should be Rs 15 lakh crore per annum, against Rs 11.5 lakh crore at present, for the next 25 years to achieve 'Viksit Bharat @2047' and social security for all. This assumes significance in view of India's 100 ye...

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Rajasthan govt works to convert investment proposals into running projects

The Bhajan Lal Sharma-led government in Rajasthan is going all out to make Rising Rajasthan, a global investment summit, successful. The summit, which was held here on December 9-11, 2024, saw the signing of memorandums of understanding (MoUs) and letters of intent (LoIs) worth around Rs 35 trillion. ...

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MARKET & FINANCE

RBI to 'play it slow' on defending rupee, says Axis Bank CEO Chaudhry

India’s central bank is unlikely to mount a strong defense of the rupee despite the currency’s sharp depreciation, according to Axis Bank Ltd.’s chief executive officer. “I think they will play it slow. We can’t continue to spend such a huge amount of our reserves on just defending the rupee,” Amitabh Cha...

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Reserves adequate to absorb depreciation impact and RBI dollar sales

While the rupee has depreciated at a modest pace compared to many of India’s trading partners, the armoury of forex reserves is a lot more comfortable than 2013. There is still more room for the value of the rupee to ease further. RBI's reserves adequacy ratio - an average of IMF measures under four forex ...

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Jio Platforms debuts blockchain-powered 'JioCoin': All you need to know

Reliance Jio has partnered with the blockchain technology platform Polygon Labs to mark its entry into blockchain technology. According to Polygon Labs, the partnership aims to integrate Web3 capabilities into select existing applications and services of Jio Platforms. The first service to emerge from this pa...

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Higher bulk deposit reliance signals structural liquidity risks: RBI dy Guv

Reserve Bank of India (RBI) Deputy Governor M Rajeshwar Rao has cautioned that a higher reliance on wholesale funds to meet loan demand is an indicator of potential structural liquidity issues. Speaking at the Mint Annual BFSI Summit & Awards on January 17, 2024, Rao highlighted that banks dependent on wh...

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GLOBAL CORPORATE

Canada Firms See Better Sales, Fret About Possible US Measures: Central Bank Survey

Canadian firms see improved demand and sales in the coming year, largely fueled by rate cuts, but are concerned about the potential damage from promised U.S. policies, the Bank of Canada said on Monday. The Bank's fourth quarter business outlook survey said overall business sentiment remained subdued. The ...

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EU to Test How Banks Would Cope With Geopolitical Shocks, Trade Wars

The European Banking Authority said on Monday it would assess how European banks would react to a hypothetical spiralling of geopolitical tensions and ensuing trade wars in an upcoming health check of the industry. The simulation, which assumes a dramatic blow to the European economy from geopolitical and ...

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Oil Little Changed as Traders Digest Trump Tariff Reprieve, Plan to Boost US Oil Output

Oil prices were little changed in Asian trading on Tuesday as investors took stock of President Donald Trump's plans to apply new tariffs later than expected while boosting oil and gas production in the U.S. Brent crude futures edged lower by 1 cent, or 0.01%, to $80.14 per barrel by 0405 GMT. The most ...

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Trump signs first round of key executive orders; announces 25% tariffs on Mexico, Canada on Feb 1

Within hours of being sworn in as the 47th President of the United States, Donald Trump signed a historic number of executive orders in front of a cheering crowd. Later in the day, after arriving at the White House, he continued to sign additional orders, marking an assertive start to his second term. During ...

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Trump gives TikTok 75-day grace period from US ban

Newly inaugurated US President Donald Trump ordered a 75-day pause on enforcing a law that would effectively ban TikTok, marking one of his first acts in office. The executive order delayed implementation of the Protecting Americans from Foreign Adversary Controlled Applications Act, which took effect Janu...

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Donald Trump to lay out trade vision but won't impose new tariffs yet, official says

Donald Trump will issue a broad trade memo on Monday that stops short of imposing new tariffs on his first day in office but directs federal agencies to evaluate U.S. trade relationships with China, Canada and Mexico, an incoming Trump administration official said, an unexpected development that triggered a d...

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Company can decide on its acquisition: China on Trump's offer for TikTok

China reacted cautiously to US President-elect Donald Trump's offer that 50 per cent of the TikTok ownership should be in American hands, saying such decisions should be independently made by companies while emphasizing that Chinese laws apply to local firms. When it comes to actions such as the operation ...

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RBI

RBI eases norms for ARCs, streamlines borrower dues settlement process

The Reserve Bank of India (RBI) on Monday eased norms pertaining to settlement of dues between asset reconstruction companies (ARCs) and borrowers, making such rules almost in line with banks and non-banking financial companies (NBFCs). Now, dues above Rs 1 crore can be settled based on board approved pol...

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PRE-BUDGET

Budget 2025 may announce roll-out of labour codes from FY26

Finance Minister Nirmala Sitharaman may announce the much-awaited implementation of the four labour codes from the next financial year, official sources told FE. Sources said that since all the 36 states and union territories (UTs) are expected to publish their draft rules under the codes–on Wages, Social ...

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GLOBAL ECONOMY

Trade Report
Country Month Link
Switzerland July 2019 Click
CEOs Optimistic About Global Growth but Risks Remain, Survey Shows

Companies around the world grew increasingly more optimistic about global growth in the coming year, but concerns about economic volatility and inflation remained, according to a survey on Monday as leaders gathered in Davos, Swit...

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Russia's Budget Deficit Widens to $34.4 Billion After Late Spending Spree

Russia recorded a budget deficit of more than 3 trillion roubles for the third year running in 2024, the finance ministry said on Monday, with both spending and revenue rising sharply as Moscow ploughed economic resources into the...

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Argentina Marks Record Trade Surplus at Nearly $19 Billion in Milei's First Year as President

Argentina posted a record $18.9 billion trade surplus for 2024, according to official data released on Monday, that largely coincides with libertarian President Javier Milei's first full year on the job. Last year's trade surpl...

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EU Ministers See Trump as Wake-Up Call to Fix Economy

The return of U.S. President Donald Trump to the White House is a wake-up call for European Union countries to fix their economies and become more competitive, the EU's senior financial officials said on Monday as Trump was sworn ...

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EU Ministers Agree on Unity, More Competitive Economy, Need for Deeper US Ties

European Union finance ministers agreed on Monday to stay united in their approach to the new U.S. administration and that a more competitive EU economy was the best protection from potential transatlantic economic challenges, EU ...

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South Korea Economy Barely Grew in Q4; BOK to Cut Rates in February - Reuters Poll

The South Korean economy barely grew last quarter as political chaos weighed on consumer spending, according to a Reuters poll of economists who expect the Bank of Korea to cut interest rates next month following a surprise hold l...

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Trump 2.0: Strategic shifts in global partnerships and economic policy

With Donald Trump assuming office as the 47th President of the United States in a spectacular function inside the Rotunda of the US Capitol, a new chapter begins not only for America but also for the global order. Trump has promis...

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INDIAN CORPORATE

Paytm to focus on merchant services in overseas foray as part of expansion

Fintech firm One97 Communications, which owns the Paytm brand, will primarily focus on financial services for the merchant ecosystem as part of its international expansion, a top company official said on Monday. Paytm is lookin...

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'Planned AGR relief will help Vi raise debt but cash flows to stay negative': Analysts

The Centre’s proposal to waive off adjusted gross revenue (AGR)-related dues of telecom companies will reduce Vodafone Idea’s (Vi) AGR liabilities sharply and help successfully complete its debt raising plans, said analysts. They ...

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L&T Finance Q3 result: PAT down 2% to Rs 626 cr on rise in impairment costs

L&T Finance Ltd’s consolidated net profit declined by 2 per cent year-on-year (Y-o-Y) to Rs 626 crore for the quarter ended December 2024 (Q3FY25), reflecting pressure on net interest margins (NIMs) and a rise in impairment costs....

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Vodafone Idea says ‘no communication yet’ on media reports of govt weighing Rs 1 lakh crore AGR dues waiver

Telecom major Vodafone Idea issued a clarification on media reports stating that the government is mulling a proposal to waive 50 per cent of interest and 100 per cent of penalties and interest on penalties that make up the Adjust...

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COMMERCIAL LAW

100% FDI in insurance to boost inflows: Moody's

Moody’s Ratings has said it sees significant foreign direct investment flows into the insurance sector if govt goes ahead with a proposal to increase foreign direct investment to 100% from 74%. This is coupled with improving margi...

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