January 09, 2026

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IMC EVENTS

NOTICE

OTHER EVENTS

 

19
Jan

Roundtable on “Vietnam–India Strategic Partnership in the Coffee Industry”

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Notifications

 
CUSTOMS

7
Jan

Notification No. 78/2025-CUSTOMS (Delhi)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

7
Jan

Notification No. 80/2025-CUSTOMS (Delhi)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver

INCOME TAX

7
Jan

Notification No. 173/2025 (Delhi)
S.O. 6065(E).—In exercise of the powers conferred by clause (ii) of sub-section (1) of section 35 of the Incometax Act, 1961

7
Jan

Notification No. 174/2025 (Delhi)
S.O. 6066(E).— In exercise of the powers conferred by clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961

7
Jan

Notification No. 175 /2025 (Delhi)
S.O. 6101(E).—In exercise of the powers conferred by clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961

7
Jan

Notification No.1/2026 (Delhi)
S.O. 44(E).— In exercise of the powers conferred by sub-clause (iv) of clause (c) of the Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961

RBI

7
Jan

RBI/2025-26/173 (Delhi)
Reserve Bank of India (Commercial Banks – Credit Risk Management) – Amendment Directions, 2026

7
Jan

RBI/2025-26/174 (Delhi)
Reserve Bank of India (Small Finance Banks – Credit Risk Management) – Amendment Directions, 2026

7
Jan

RBI/2025-26/175 (Delhi)
Reserve Bank of India (Local Area Banks – Credit Risk Management) – Amendment Directions, 2026

7
Jan

RBI/2025-26/178 (Delhi)
Reserve Bank of India (Rural Co-operative Banks – Credit Risk Management) – Amendment Directions, 2026

7
Jan

RBI/2025-26/176 (Delhi)
Reserve Bank of India (Regional Rural Banks – Credit Risk Management) – Amendment Directions, 2026

7
Jan

RBI/2025-26/177 (Delhi)
Reserve Bank of India (Urban Co-operative Banks – Credit Risk Management) – Amendment Directions, 2026

7
Jan

RBI/2025-26/179 (Delhi)
Reserve Bank of India (Non-Banking Financial Companies – Credit Risk Management) – Amendment Directions, 2026

7
Jan

RBI/2025-26/180 (Delhi)
Reserve Bank of India (All India Financial Institutions – Credit Risk Management) – Amendment Directions, 2026

7
Jan

RBI/2025-26/181 (Delhi)
Reserve Bank of India (Commercial Banks – Financial Statements: Presentation and Disclosures) – Second Amendment Directions, 2026

7
Jan

RBI/2025-26/182 (Delhi)
Reserve Bank of India (Small Finance Banks – Financial Statements: Presentation and Disclosures) – Amendment Directions, 2026

7
Jan

RBI/2025-26/183 (Delhi)
Reserve Bank of India (Local Area Banks – Financial Statements: Presentation and Disclosures) – Amendment Directions, 2026

7
Jan

RBI/2025-26/184 (Delhi)
Reserve Bank of India (Regional Rural Banks – Financial Statements: Presentation and Disclosures) – Amendment Directions, 2026

7
Jan

RBI/2025-26/185 (Delhi)
Reserve Bank of India (Urban Co-operative Banks – Financial Statements: Presentation and Disclosures) – Amendment Directions, 2026

7
Jan

RBI/2025-26/186 (Delhi)
Reserve Bank of India (Rural Co-operative Banks – Financial Statements: Presentation and Disclosures) – Amendment Directions, 2026

7
Jan

RBI/2025-26/187 (Delhi)
Reserve Bank of India (Non-Banking Financial Companies – Financial Statements: Presentation and Disclosures) Directions, Amendment Directions, 2026

7
Jan

RBI/2025-26/188 (Delhi)
Reserve Bank of India (All India Financial Institutions – Financial Statements: Presentation and Disclosures) – Amendment Directions, 2026

6
Jan

RBI/2025-26/167 (Delhi)
Reserve Bank of India (Commercial Banks - Financial Statements: Presentation and Disclosures) Amendment Directions, 2026

6
Jan

RBI/2025-26/168 (Delhi)
Reserve Bank of India (Non-Banking Financial Companies – Prudential Norms on Capital Adequacy) Amendment Directions, 2026

6
Jan

RBI/2025-26/169 (Delhi)
Reserve Bank of India (Non-Banking Financial Companies - Concentration Risk Management) Amendment Directions, 2026

6
Jan

RBI/2025-26/170 (Delhi)
Returns – Department of Payment and Settlement Systems – Submission in CIMS

6
Jan

RBI/2025-26/171 (Delhi)
Returns – Department of Payment and Settlement Systems – Submission in CIMS

6
Jan

RBI/2025-26/172 (Delhi)
Returns – Department of Payment and Settlement Systems – Submission in CIMS

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INDIAN ECONOMY

OPINION | India’s economy is resilient but highly dependent on public investment

As India enters 2026, its economy continues to demonstrate remarkable resilience in the backdrop of a complex global landscape. The latest advance estimates project real GDP growth at 7.4% for FY 2025-26, up from 6.5% in the previous fiscal year. This robust performance, driven by buoyant services and manu...

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Infra investment likely to climb, consumption growth may plateau

Supported by strong buoyancy in public sector capital expenditure (capex), growth in infrastructure investment is expected to accelerate in 2025-26 (FY26) compared to 2024-25 (FY25), according to the First Advance Estimates of gross domestic product (GDP) for FY26 released by the National Statistics Office (N...

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Union Budget 2026: Capex in the driver’s seat of India’s growth story

Union Budget of India: With the Union Budget for FY2027 around the corner, expectations abound around the Government of India’s (GoI) policy choices. Global uncertainty has remained elevated in the post-Covid years, with the latest salvo on tariffs and trade restrictions in the ongoing fiscal, impacting ne...

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Budget 2026: Goldman Sachs says India’s urban recovery ‘has more legs’ predicts 7.7% surge in consumption growth

As Finance Minister Nirmala Sitharaman prepares to present the Union Budget for 2026–27 on February 1, there are expectations around a sharper policy push to stimulate growth via private consumption, rather than through fresh capex-heavy spending. According to Goldman Sachs’ India 2026 outlook, a broad-based ...

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CPSE capex hits 73.6% of annual target

Capital expenditure by the Central Public Sector Enterprises (CPSEs) and other state-run agencies like Indian Railways and the National Highways Authority of India reached Rs 5.8 lakh crore during April–December, achieving 73.6% of the full-year target, signalling steady progress in project execution and fund...

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Depressed prices key reason behind low agri GVA growth

The expected fall in the annual growth of gross value added (GVA) in “agriculture and allied activities” to 2.7% in the second half of the current fiscal year from 3.9% in the first half is being attributed to a host of factors including crop damage and the lower price realisation. An unfavourable base has al...

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December retail inflation around 1.45%: FE Poll

The headline retail inflation for December is estimated to stay on the upward trajectory after falling to a series low in October due to adverse base effects in food prices and sequential firmness in precious metals, economists said. The CPI inflation is estimated to be 1.45% year-on-year in December, up from...

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Massive win for India: Why US ‘green light’ on Venezuelan Oil is a diplomatic masterstroke

The White House has said that it will allow India to buy oil from Venezuela through a new system which will be under the United States government, reported IANS. This follows comments by the Reliance Industries, which said it may look at purchasing Venezuelan oil in a “compliant manner”, according to Reuters....

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RBI considering fresh exporter relief steps after low take-up of loan moratorium, sources say

The Reserve Bank of India (RBI) is considering new ways to support exporters hit by U.S. tariffs after a moratorium on loan repayments it offered last year drew few takers, two sources aware of the matter said. Sectors from garment-making and jewellery to leather goods and chemicals companies have been hit...

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India faces early prospect of 500% tariffs in US market

Three days after US President Donald Trump warned of raising tariffs on India ‘quickly’, a bill that can take them to as high as 500% could be put to vote in the US congress as early as next week. Trump after his meeting with co-sponsor of Sanctioning Russia Bill senator Lindsey Graham gave his approval ...

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US Tariffs & fading tailwinds: 3 reasons Crisil says India’s GDP will ease in FY27

All eyes are on the Budget now on February 1. In preparation to the key event in our financial calendar, the Ministry of Statistics and Programme Implementation (MoSPI) projected India’s real gross domestic product (GDP) to grow 7.4% in FY26 in its first advance estimates. Responding to the projections, key r...

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MARKET & FINANCE

State-owned investors' fund flows to India dry up amid global turmoil

Investments by state-owned investors (SOIs), including sovereign wealth funds (SWFs), in India fell sharply in 2025, falling by more than 70% year-on-year. Global long-term investors cut exposure to emerging markets and pivoted capital toward developed economies, as per Global SWF data. The move could be a...

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AMFI Data: Mutual fund SIP inflows surge to record Rs 31,002 crore in December

Monthly mutual fund SIP inflows hit a fresh record high in December, with contributions rising to Rs 31,002 crore, compared with Rs 29,445 crore in November. SIP contributions increased 5% month-on-month (MoM) and 17% year-on-year (YoY), from Rs 26,459 crore in December 2024. ...

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Equity fund inflows fall 6% in Dec 2025; gold ETFs clock 211% rise: AMFI

Equity mutual funds saw a 6% decline in inflows in December 2025, with investments dropping to Rs 28,054.06 crore from Rs 29,911.05 crore in November, according to monthly data released by the Association of Mutual Funds in India (AMFI). Inflows across equity categories were lower compared to November, eve...

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GLOBAL CORPORATE

Chevron, Vitol, Trafigura Vie to Control Venezuelan Oil Exports, Sources Say

Oil major Chevron Corp, global trading houses Vitol and Trafigura, and other firms are competing for U.S. government deals to export crude oil from Venezuela, according to sources familiar with the matter. The competition reflects a desire by many in the oil industry to access the South American country's ...

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Trump’s Venezuela oil grab is pushing Chinese refiners to Canada

China’s refiners, all but cut off from Venezuelan crude in the past week as the US positions itself for access to the world’s largest oil reserves, are eying a pricier alternative source — Canada. Chinese inquiries around Canadian supply have increased since the snatching of President Nicolas Maduro at the...

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China is overplaying its rare-earth hand in Japan

To a hammer, every problem is a nail. If your most potent means of geopolitical leverage is threatening supplies of high-strength magnets, rare-earth elements will always be the solution. That’s the latest approach Beijing is taking in its dispute with Tokyo sparked by comments from Japanese Prime Minister...

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PRE-BUDGET

Over Rs 1.52 lakh cr locked in Customs disputes; govt may look at amnesty scheme in FY27 Budget

With over Rs 1.52 lakh crore of customs duty locked in litigations, the government could look at the possibility of an amnesty scheme in the Budget for 2026-27 to provide certainty to businesses, Price Waterhouse & Co said on Thursday. Besides, the government could also look at rationalising customs duty r...

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GLOBAL ECONOMY

Buying $200 bn worth of bonds! Trump's new push to bring 'mortgage rates down' - How will it impact Americans?

US President Donald Trump has announced plans for the federal government to purchase $200 billion worth of mortgage bonds, saying the move will help bring down mortgage rates as concerns over housing affordability continue to weig...

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Turkey to Forge on With Tight Economic Policy, Some Fine-Tuning, VP Yilmaz Says

Turkey is committed to carrying on its tight economic policies in order to cool inflation, and though it may fine-tune the programme it will not change course, Vice President Cevdet Yilmaz said in comments embargoed to Friday. ...

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German Exports Fall Unexpectedly, Industrial Production Rises

German exports unexpectedly fell in November, while industrial output rose despite expectations for a decline, official data showed on Friday. Exports from Europe's biggest economy fell by 2.5% in November compared with the pre...

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Spain's November Industrial Output Rises 4.5% Year-On-Year

Spain's seasonally- and calendar-adjusted industrial output rose 4.5% in November from the same month a year earlier, official data from the country's national statistics institute (INE) showed on Friday. The year-on-year growt...

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UN predicts world economic growth to slip to 2.7% in 2026

Global economic growth is forecast to decline to 2.7% in 2026 from 2.8% last year before increasing to 2.9% in 2027 - still down from the pre-pandemic average of 3.2% between 2010 and 2019, according to a United Nations report rel...

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Trump’s $1.5 trillion defence budget plan may deepen deficits, says Moody’s

Global defence stocks advanced on Thursday after U.S. President Donald Trump called for a sharp increase in the American military budget, triggering a renewed rally amid persistent geopolitical tensions, according to Reuters. B...

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China's consumer inflation hits near 3-year high, factory-gate deflation eases

China's annual consumer price inflation accelerated to a 34-month high in December, driven by rising food prices, but the full-year rate slumped to the lowest in 16 years while producer deflation persisted, indicating persistent s...

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$1 equals 14,00,000 Iranian rial and 42 percent inflation: Why has Iran's currency plunged to a record low against the US dollar?

Iran’s long-simmering economic crisis has reached a critical point after the national currency plunged to a record low, pushing even essential goods beyond the reach of large sections of the population. The country is reeling from...

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US October trade deficit lowest since 2009 as imports decline

The U.S. trade deficit contracted sharply in October, hitting the lowest level since mid-2009 as imports declined, a trend that if sustained could see trade again adding to economic growth in the fourth quarter. The trade gap n...

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US weekly jobless claims increase marginally

The number of Americans filing new applications for unemployment benefits rose moderately last week, suggesting that layoffs were relatively low at the end of 2025, though demand for labor remained sluggish. Initial claims for ...

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INDIAN CORPORATE

JSW Steel output grows 6 per cent in Dec quarter

JSW Steel on Friday posted a 6 per cent year-on-year rise in consolidated steel output to 7.48 million tonne (MT) in the December quarter. It had produced 7.03 million tonne (MT) crude steel in the October-December period of th...

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Ashok Leyland sets sights on global top-10 league with Uttar Pradesh debut plant

Hinduja Group Chairman Dheeraj Hinduja on Friday said Ashok Leyland is aiming to be among the world’s top 10 commercial vehicle manufacturers, marking an ambitious expansion push as the company inaugurated its first manufacturing ...

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Jhunjhunwala-backed Akasa Air joins IATA, becomes fifth Indian airline to become member of global aviation body

Akasa Air, India's youngest airline founded in 2020, announced on Friday that the airline has become a member of the International Air Transport Association (IATA), the trade association representing over 360 carriers across the w...

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India Inc set to deliver modest numbers

The December 2025 quarter earnings season should see India Inc deliver a modest set of numbers. While the performance is expected to be supported by strong results from automakers, metal producers, oil refiners, cement makers and ...

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Vodafone Idea jumps 8% on AGR relief: Rs 124 crore annual payout, 3 details of repayment schedule set until 2041

Indian telecom major Vodafone Idea, which has been struggling to keep up with its debts, has disclosed key details in relation to its Adjusted Gross Revenue (AGR) due repayments. From March 2026 to March 2031, the DoT has directed...

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BHEL secures order from BCGCL for coal gasification, raw syngas cleaning facilities

State-owned BHEL on Thursday said it has secured an order from Bharat Coal Gasification and Chemicals Limited for coal gasification and raw syngas cleaning facilities for coal-to-ammonium nitrate project at Jharsuguda, Odisha. ...

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Tata Steel Q3 preview: Why analysts expect a 7% profit hit despite best-ever production milestone

Tata Steel’s provisional consolidated sales in the third quarter of FY26 stood at 8.3 million tonnes, in line with street expectations. According to the Axis Securities report, the higher volume growth in the quarter will aid cons...

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Reliance Industries to consider buying Venezuelan oil: Report

Reliance Industries said it will consider buying Venezuelan oil, as per a Reuters report. According to the report, the Indian petroleum major will consider buying Venezuelan oil if permitted to sell it to non-US buyers. “We awa...

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