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| IMC Digital Processes have changed with online features, to experience the new processes visit us at https://www.imcnet.org
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16
Apr
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Spirituality and Youth
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INCOME TAX
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9
Apr
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Notification No. 24/2021
(Delhi)
In exercise of the powers conferred by sub-sections (1), (2) and (5) of section 120
and section 133C of the Income-tax Act
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9
Apr
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Notification No. 25/2021
(Delhi)
In exercise of powers conferred under sub-section (2) of section 143 of Income-tax Act, 1961 (43 of 1961)
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9
Apr
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Notification No. 26/2021
(Delhi)
In exercise of the powers conferred by sub-section (6B) of section 250 of the Income-tax Act, 1961 (43 of 1961),
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9
Apr
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Notification No. 27/2021
(Delhi)
The Central Government hereby amends the notification of the Government of India, Ministry
of Finance (Department of Revenue),
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9
Apr
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Notification No. 28/2021
(Delhi)
The Central Board of Direct Taxes, hereby, makes the following rules further to amend the Income-tax Rules, 1962, namely
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RBI
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8
Apr
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RBI/2021-22/07
(Delhi)
Master Circular on Conduct of Government Business by Agency Banks - Payment of Agency Commission
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8
Apr
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RBI/2021-22/08
(Delhi)
Master Circular - Disbursement of Government Pension by Agency Banks
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8
Apr
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RBI/2021-22/05
(Delhi)
Master Circular – Deendayal Antyodaya Yojana - National Rural Livelihoods Mission (DAY-NRLM)
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8
Apr
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RBI/2021-22/09
(Delhi)
Master Circular on SHG-Bank Linkage Programme
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8
Apr
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RBI/2021-22/04
(Delhi)
Master Circular – Lead Bank Scheme
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LIVE MARKET
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NSE (NIFTY)
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0
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BSE (SENSEX)
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0
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NASDAQ
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0
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FTSE 100
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0
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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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Retail inflation rose to a four-month high of 5.52 per cent in March on account of rising food prices as well as costlier fuel, though it remained within the comfort zone of the Reserve Bank, official data showed on Monday.
The highest year-on-year increase in retail prices was witnessed in the ‘oil and fa...
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Showing sluggishness in the economy amid the pandemic, industrial production contracted for the second straight month by 3.6 per cent in February due to poor performance of manufacturing and mining sectors, official data showed on Monday.
The manufacturing sector—which constitutes 77.63 per cent of the ind...
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India is on the right track and is innovating on the policy side, including on digital identity and payments, but it also needs to capture all the segments of the financial market and institutions to make sure that every piece fits together like a puzzle to fuel growth in the country, according to a top IMF o...
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The Indian economy’s recovery is likely to be shaped like a K rather than a V, as rising inequality is poised to hit consumption and growth prospects, the country’s former central bank governor said.
“An important consequence of the pandemic has been the sharpening of inequalities,” Duvvuri Subbarao said i...
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The sporadic lockdowns / mobility curbs and night curfews put in place across key economic hubs in India in the past few days are likely to cost the nation $1.25 billion per week, says the latest report dated April 12 from Barclays. This increase, Barclays said, reflects modest tightening of activity curbs, a...
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A fresh round of provincial lockdowns to curb the record rise in virus infections is leading to job losses in India, according to the latest employment data by a private research firm.
Unemployment touched 8.6% for the week ending April 11, from 6.7% two weeks ago, showed the data by Centre for Monitoring I...
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MARKET & FINANCE
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The government is considering a provision to provide an exit window to holders of cryptocurrencies (cryptos), keeping in mind that banning them outright could deal a blow to investors sitting on them for years.
According to sources in the government, the framework in the making may propose a grace period o...
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GLOBAL CORPORATE
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Microsoft, on an accelerated growth push, is buying speech recognition company Nuance in a deal worth about $16 billion.
Microsoft will pay $56 per share cash. That's a 23 per cent premium to Nuance's Friday closing price. The companies value the transaction including debt at $19.7 billion.
Shares of Burli...
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South Korean battery makers LG Energy Solution and SK Innovation Co agreed on Sunday to settle disputes over electric-vehicle (EV) battery technology, avoiding a potential setback for US EV ambitions.
The settlement after marathon talks by affiliates of two of South Korea's biggest conglomerates was announce...
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China's Ant Group, the fintech giant whose $37 billion IPO was derailed by risk-wary regulators days before it was due to list in November, will restructure as a financial holding company, the country's central bank said on Monday.
The overhaul comes two days after e-commerce giant Alibaba Group Holding Lt...
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Banking
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RBI Governor Shaktikanta Das on Monday asked banks to remain watchful of the evolving situation and emphasised the importance of credit flow to sustain the nascent economic recovery amid rising coronavirus cases.
In his meeting with MD/CEOs of public sector banks and select private sector lenders, Das also...
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Bank credit grew 5.56 per cent to Rs 109.51 lakh crore, while deposits rose 11.4 per cent to Rs 151.13 lakh crore in the financial year ended March 31, 2021, data released by the Reserve Bank of India (RBI) showed.
In the 2019-20 fiscal, advances had grown at 6.1 per cent and deposits at 7.9 per cent.
"...
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With demand for housing loans picking up during the last two quarters of fiscal 2020-21, housing finance companies (HFCs) are likely to witness a growth rate of 6-8 per cent during the year and 8-10 per cent in FY2021-22, says a report.
The on-book portfolio growth moderated for HFCs in the first nine mont...
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Reserve Bank of India (RBI) Governor Shaktikanta Das met the heads of public and private sector banks on Monday and cautioned them to remain watchful of the evolving Covid-19 situation in the country.
The governor has asked banks to take proactive measures and shore up capital to strengthen their balance s...
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The Centre’s move to inject Rs 14,500 crore in four state-run banks through zero-coupon bonds will bolster their regulatory capital levels, but their lower intrinsic values will not strengthen their tangible equity by as much. Of this, the Central Bank of India is to get Rs 4,800 crore, Indian Overseas Bank R...
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GLOBAL ECONOMY
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| Trade Report |
| Country |
Month |
Link |
| Switerzland |
July 2019 |
Click |
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The US economy is poised for an extended period of strong growth and hiring, the chair of the Federal Reserve has said in an interview broadcast, though the coronavirus still poses some risk. Chair Jerome Powell, speaking to CBS” ...
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United Nations Secretary-General Antonio Guterres is calling on nations to institute a wealth tax to help reduce global inequality exacerbated by the Covid-19 pandemic.
There has been a $5 trillion surge in the wealth of the wo...
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For Ahmad BinDawood, last year’s share offering in the eponymous Saudi grocery business was a chance to shape his legacy at the family firm he’s worked at since the age of eight, while cementing a $3.1 billion fortune built over t...
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Investcorp, a Bahrain-based investment company, is looking for opportunities to invest in U.S. roads and ports as U.S. President Joe Biden proposed to spend more than $2 trillion on infrastructure.
Biden is set to meet with bip...
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The US government's budget deficit surged to an all-time high of USD 1.7 trillion for the first six months of this budget year, nearly double the previous record, as another round of economic-support checks added billions of dolla...
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With a tea shop right next to key protest zones in Myanmar’s biggest city, Soe is never quite sure whether he should keep the business open.
If protesters enter to evade authorities, the 43-year-old risks getting shot, arreste...
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INDIAN CORPORATE
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The country’s largest software services firm Tata Consultancy Services (TCS) on Monday reported a 14.9 per cent rise in consolidated net profit to Rs 9,246 crore for the March 2021 quarter.
This is against a net profit of Rs 8,...
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In a relief to Vedanta, the Supreme Court on Monday stayed the National Green Tribunal’s (NGT) last month’s order that stalled operations of its mining plant at Dharbandora in Goa for lack of mandatory environmental clearance. A B...
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E-commerce giant Flipkart has formed a strategic and commercial partnership with the Adani group to “strengthen its supply chain infrastructure” and “enhance its ability to serve its rapidly growing base of customers”.
Under th...
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Flipkart Online Services Pvt signed a pact with tycoon Gautam Adani’s conglomerate to help set up one of India’s largest logistics hubs and a data center, as the Walmart-owned e-commerce firm gears up to battle Amazon for a bigger...
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Indonesia’s Minister of Industry Agus Gumiwang has said that Honda would relocate its plant from India to Indonesia. The message comes after his government met Honda officials during a visit to Japan in March.
In a virtual pres...
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A struggling 261-year-old U.K. toy-store chain is seeking a new lease of life in the hands of billionaire Mukesh Ambani, who’s looking to India where about a fifth of the world’s babies are born to fuel its revival.
Hamleys, a Br...
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GST
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GST helpdesk is in receipt of some tickets at helpdesk wherein it was reported that certain 6-digit HSN codes are not available in HSN Master/ not accepted on e-invoice/e-Way bill portals.
Background: Notification No. 12/2017-Central Tax dated June 28, 2017, as amended vide Notification No. 78/2020 – Centr...
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SEBI
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Capital markets watchdog Sebi on Monday came out with fresh guidelines on reporting formats for mutual funds.
The formats for the reports to be submitted by asset management companies (AMCs) to trustees, by AMCs to Sebi and by ...
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