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| IMC has enhanced its digital systems to incorporate new online features. To explore these updated processes, please visit our website: https://www.imcnet.org
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CUSTOMS
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17
Dec
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Notification No. 77/2025
(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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INCOME TAX
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17
Dec
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Notification No. 170/2025
(Delhi)
S.O. 5799(E).—In exercise of the powers conferred by sub-sections (1) and (2) of section 120 of the Income-tax Act, 1961
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17
Dec
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Notification No. 171/2025
(Delhi)
S.O. 5779(E).— In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961
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17
Dec
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Notification No. 172/2025
(Delhi)
S.O. 5778(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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RBI
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17
Dec
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RBI/DOR/2025-26/266
(Delhi)
Reserve Bank of India (Regional Rural Banks – Know Your Customer) Directions, 2025
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17
Dec
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RBI/DOR/2025-26/267
(Delhi)
Reserve Bank of India (Regional Rural Banks – Responsible Business Conduct)
Directions, 2025
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17
Dec
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RBI/DOR/2025-26/268
(Delhi)
Reserve Bank of India (Regional Rural Banks – Miscellaneous) Directions, 2025
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17
Dec
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RBI/DoR/2025-26/270
(Delhi)
Reserve Bank of India (Urban Co-operative Banks - Voluntary Amalgamation)
Directions, 2025
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17
Dec
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RBI/DOR/2025-26/385
(Delhi)
Reserve Bank of India (Urban Co-operative Banks – Digital Banking Channels
Authorisation) Directions, 2025
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17
Dec
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RBI/DoR/2025-26/272
(Delhi)
Reserve Bank of India (Urban Co-operative Banks – Undertaking of Financial
Services) Directions, 2025
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17
Dec
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RBI/DOR/2025-26/273
(Delhi)
Reserve Bank of India (Urban Co-operative Banks - Governance) Directions
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17
Dec
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RBI/DOR/2025-26/274
(Delhi)
Reserve Bank of India (Urban Co-operative Banks – Cash Reserve Ratio and Statutory Liquidity Ratio) Directions, 2025 (Updated as on December 11, 2025)
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17
Dec
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RBI/DOR/2025-26/275
(Delhi)
Reserve Bank of India (Urban Co-operative Banks - Prudential Norms on Capital Adequacy) Directions, 2025
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17
Dec
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RBI/DOR/2025-26/276
(Delhi)
Reserve Bank of India (Urban Co-operative Banks – Interest Rate on Deposits)
Directions, 2025
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17
Dec
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RBI/DOR/2025-26/277
(Delhi)
Reserve Bank of India (Urban Co-operative Banks – Credit Facilities) Directions, 2025
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17
Dec
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RBI/DOR/2025-26/279
(Delhi)
Reserve Bank of India (Urban Co-operative Banks – Credit Information Reporting) Directions, 2025
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17
Dec
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RBI/DOR/2025-26/280
(Delhi)
Reserve Bank of India (Urban Co-operative Banks – Credit Risk Management)
Directions, 2025
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15
Dec
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RBI/DOR/2025-26/236
(Delhi)
Reserve Bank of India (Local Area Banks – Classification, Valuation, and Operation of Investment Portfolio) Directions, 2025
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15
Dec
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RBI/DOR/2025-26/237
(Delhi)
Reserve Bank of India (Local Area Banks – Asset Liability Management) Directions, 2025
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15
Dec
|
RBI/DOR/2025-26/238
(Delhi)
Reserve Bank of India (Local Area Banks – Income Recognition, Asset Classification and Provisioning pertaining to Advances) Directions, 2025
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15
Dec
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RBI/DOR/2025-26/239
(Delhi)
Reserve Bank of India (Local Area Banks – Resolution of Stressed Assets) Directions, 2025
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15
Dec
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RBI/DOR/2025-26/240
(Delhi)
Reserve Bank of India (Local Area Banks – Treatment of Wilful Defaulters and Large Defaulters) Directions, 2025
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15
Dec
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RBI/DOR/2025-26/241
(Delhi)
Reserve Bank of India (Local Area Banks – Financial Statements: Presentation and Disclosures) Directions, 2025
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15
Dec
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RBI/DOR/2025-26/242
(Delhi)
Reserve Bank of India (Local Area Banks – Prudential Norms on Declaration of Dividends) Directions, 2025
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15
Dec
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RBI/DOR/2025-26/243
(Delhi)
Reserve Bank of India (Local Area Banks – Know Your Customer) Directions, 2025
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15
Dec
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RBI/DOR/2025-26/244
(Delhi)
Reserve Bank of India (Local Area Banks - Responsible Business Conduct) Directions, 2025
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15
Dec
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RBI/DOR/2025-26/245
(Delhi)
Reserve Bank of India (Local Area Banks – Managing Risks in Outsourcing) Directions, 2025
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15
Dec
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RBI/DOR/2025-26/246
(Delhi)
Reserve Bank of India (Local Area Banks – Miscellaneous) Directions, 2025
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15
Dec
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RBI/DOR/2025-26/247
(Delhi)
Reserve Bank of India (Regional Rural Banks - Branch Authorisation) Directions, 2025
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15
Dec
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RBI/DOR/2025-26/384
(Delhi)
Reserve Bank of India (Regional Rural Banks – Digital Banking Channels Authorisation) Directions, 2025
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15
Dec
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RBI/DoR/2025-26/248
(Delhi)
Reserve Bank of India (Regional Rural Banks – Undertaking of Financial Services) Directions, 2025
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15
Dec
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RBI/DOR/2025-26/249
(Delhi)
Reserve Bank of India (Regional Rural Banks - Governance) Directions
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15
Dec
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RBI/DOR/2025-26/250
(Delhi)
Reserve Bank of India (Regional Rural Banks – Cash Reserve Ratio and Statutory Liquidity Ratio) Directions, 2025 (Updated as on December 11, 2025)
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15
Dec
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RBI/DOR/2025-26/251
(Delhi)
Reserve Bank of India (Regional Rural Banks - Prudential Norms on Capital Adequacy) Directions, 2025
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15
Dec
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RBI/DOR/2025-26/252
(Delhi)
Reserve Bank of India (Regional Rural Banks – Interest Rate on Deposits) Directions, 2025
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15
Dec
|
RBI/DOR/2025-26/253
(Delhi)
Reserve Bank of India (Regional Rural Banks – Credit Facilities) Directions,
2025
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15
Dec
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RBI/DOR/2025-26/254
(Delhi)
Reserve Bank of India (Regional Rural Banks – Credit Cards and Debit Cards: Issuance and Conduct) Directions, 2025
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15
Dec
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RBI/DOR/2025-26/260
(Delhi)
Reserve Bank of India (Regional Rural Banks – Classification, Valuation, and Operation of Investment Portfolio) Directions, 2025
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15
Dec
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RBI/DOR/2025-26/257
(Delhi)
Reserve Bank of India (Regional Rural Banks - Concentration Risk Management)
Directions, 2025
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15
Dec
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RBI/DOR/2025-26/256
(Delhi)
Reserve Bank of India (Regional Rural Banks – Credit Risk Management)
Directions, 2025
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15
Dec
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RBI/DOR/2025-26/258
(Delhi)
Reserve Bank of India (Regional Rural Banks- Transfer and Distribution of
Credit Risk) Directions, 2025
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15
Dec
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RBI/DOR/2025-26/259
(Delhi)
Reserve Bank of India (Regional Rural Banks - Interest Rates on Advances)
Directions, 2025
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15
Dec
|
RBI/DOR/2025-26/261
(Delhi)
Reserve Bank of India (Regional Rural Banks – Asset Liability Management)
Directions, 2025
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15
Dec
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RBI/DOR/2025-26/262
(Delhi)
Reserve Bank of India (Regional Rural Banks – Income Recognition, Asset Classification and Provisioning) Directions, 2025
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15
Dec
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RBI/DOR/2025-26/263
(Delhi)
Reserve Bank of India (Regional Rural Banks – Resolution of Stressed Assets)
Directions, 2025
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15
Dec
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RBI/DOR/2025-26/264
(Delhi)
Reserve Bank of India (Regional Rural Banks – Treatment of Wilful Defaulters
and Large Defaulters) Directions, 2025
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15
Dec
|
RBI/DOR/2025-26/265
(Delhi)
Reserve Bank of India (Regional Rural Banks – Financial Statements:
Presentation and Disclosures) Directions, 2025
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INDIAN ECONOMY
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India's Russian oil imports are poised to top 1 million barrels per day in December, trade and refining sources said, defying expectations for a sharp decline as refiners have resumed buying from non-sanctioned entities offering deep discounts.
Ties between the two countries have remained strong despite pr...
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Reserve Bank of India governor Sanjay Malhotra expects the country's interest rates to remain low for a "long period", he told the Financial Times in an interview published on Wednesday.
RBI projections suggested rates "should remain low for a long period of time", Malhotra told the newspaper.
Malhotra ...
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No currency has been hit harder by U.S. tariffs than India's rupee - and there may yet be more downside as investors pull out of the country until they see a trade deal struck with Washington.
The rupee is among the worst-performing currencies globally this year, sliding 6% against the dollar as a widening...
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The Asian Development Bank and India signed agreements on five loans worth over $2.2 billion for development projects in the country, the federal government said in a statement on Monday.
The loans would support projects involving skill development, solar power, healthcare and railways, the statement said....
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Axis Bank chief economist Neelkanth Mishra on Tuesday said the rupee is likely to depreciate further, and there is no need to panic over the movements in the domestic currency, which breached its historic low earlier in the day.
Mishra, who is also a part-time member in the Economic Advisory Council to the...
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India is entering a phase where the demand story is no longer just “potential”. It is becoming visible, measurable, and financeable. FY26 matters because it is one of those rare years where multiple tailwinds can work together across households, businesses, and the state. If these forces sustain through the y...
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Petroleum products, and electronic goods are helping India increase its exports to China, with which it has a huge trade deficit of about USD 100 billion, according to the commerce ministry data.
India's exports to China rose from USD 9.20 billion in April-November 2024 to USD 12.22 billion in April-Novemb...
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Axis Bank expects India’s growth to be above trend in 2026-27 (April-Mar) at 7.5%, on the back of structural and regulatory reforms, lower borrowing costs, accelerated capital formation and a cyclical boost from policy easing, Neelkanth Mishra, Chief Economist, Axis Bank and Head – Global Research at Axis Cap...
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The new Gross Domestic Product (GDP) series is set for a major overhaul with the government proposing various changes, including the adoption of the Classification of Individual Consumption according to Purpose (COICOP) 2018 for the compilation of private final consumption expenditure.
The Ministry of Stat...
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MARKET & FINANCE
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Euro zone bond yields were steady on Tuesday as traders awaited the currency bloc's composite PMIs and a closely watched U.S. jobs report for a potential steer on the Federal Reserve's policy outlook.
A European Central Bank policy meeting is due later in the week, with the Bank of England and Bank of Japan ...
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Non-government NPS subscribers can now withdraw 80% of their retirement corpus as lump sum at the time of exit. The PFRDA (Exits and Withdrawals under the National Pension System) Amendment Regulations, 2025 which were notified today (Tuesday, December 16, 2025), mark a decisive shift in how retirement benefi...
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A panel set up by Securities and Exchange Board of India (SEBI) will recommend easing curbs on commodity derivatives and suggest steps to make it more attractive to institutional investors in a final report to be submitted early next year, three sources with direct knowledge of the matter said.
SEBI, which...
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The Reserve Bank of India’s 3-year dollar/rupee buy-sell swap witnessed robust appetite on Tuesday, with the auction drawing bids a little over twice the $5 billion size. The swap is part of a $16 billion liquidity injection into the banking system, aimed at boosting transmission of rate cuts to lending rates...
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GLOBAL CORPORATE
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The nation's busiest seaport handled 11.5% less import volume in November than in the year-ago month after shippers built early inventories to avoid President Donald Trump's tariffs on goods such as toys, auto parts and metal furniture, Gene Seroka, executive director of the Port of Los Angeles, said on Tuesd...
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The European Union will expand its carbon border levy - a fee charged on imports of high-emission goods - to cover car parts and washing machines, under European Commission proposals published on Wednesday.
The plans would also tighten loopholes that the Commission worries could allow foreign firms to dodg...
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Warner Bros. Discovery’s board is likely to make a decision as soon as Wednesday about Paramount Skydance’s $108.4 billion takeover offer. A Reuters report, citing sources familiar with the matter said, the board is expected to tell shareholders to vote against the deal. Meanwhile, Jared Kushner’s private equ...
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McKinsey & Co. is reportedly considering a new round of cost cuts, which could include layoffs in roles that do not directly work with clients, as the firm deals with slower growth and a more challenging business environment.
According to a Bloomberg report, McKinsey’s leadership has discussed plans with m...
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Amazon.com opens new tab is in discussions to invest in OpenAI, the developer of ChatGPT, in a potential deal that could value the artificial intelligence company at over $500 billion, a source familiar with the matter said on Tuesday.
The potential deal comes at a time when OpenAI is laying the groundwork...
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Banking
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Credit card spending in India moderated in October, indicating a clear normalisation after the GST– and festival-led surge seen a month earlier, even as banks continued to expand card issuance and deepen credit usage among existing customers. According to the CareEdge report, aggregate credit card spending ro...
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GLOBAL ECONOMY
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| Trade Report |
| Country |
Month |
Link |
| Switzerland |
July 2019 |
Click |
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Argentina's economy expanded 3.3% in the third quarter from the previous quarter, official data showed on Tuesday, marking its fourth straight quarterly gain, but below analysts’ expectations.
Analysts had forecast growth of 3....
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Japan's exports to the U.S. rebounded for the first time in eight months in November, in a sign of easing pain from U.S. tariffs, government data showed on Wednesday, bolstering the case for the central bank to continue raising in...
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Singapore's non-oil domestic exports rose by 11.6% in November from the same month a year earlier, government data showed on Wednesday, led primarily by pharmaceuticals and supported by electronic products, such as integrated circ...
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Economists have raised their forecasts for Singapore's growth in 2025 but see the pace moderating next year, with monetary policy expected to be held steady at a review next month, a survey of forecasters by the Monetary Authorit...
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Japan must pursue proactive spending, rather than excessive fiscal tightening, that will boost growth and tax revenues, Prime Minister Sanae Takaichi said on Wednesday.
"When I say proactive fiscal policy, I am talking about st...
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South Korea's central bank said on Wednesday headline inflation next year could exceed earlier forecasts if the won stays at its current level against the dollar.
"If the KRW/USD exchange rate continues to stay at the current h...
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The Trump regime's National Security Strategy (NSS) has been subject to much examination. Trump has been known to reverse policies in a second. Some analysts say his only strategy is his gut feel.
Yet, the NSS has two clear messa...
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U.S. retail sales were unexpectedly flat in October, though consumer spending appears to have remained on a solid footing at the start of the fourth quarter despite the rising cost of living that is forcing some households to scal...
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US unemployment rate rose to 4.6% in November, its highest level since 2021, as the labour market weakened amid economic uncertainty linked to President Donald Trump’s trade policies.
The higher unemployment rate came even as j...
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INDIAN CORPORATE
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Tata Consultancy Services (TCS) has secured a long-term contract worth more than $1 billion from Telefónica UK, marking its first mega deal in nearly two years, Mint reported. The agreement, spread over a decade, is expected to ge...
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Sajjan Jindal-led JSW Energy is in the process of setting up two wind turbine blade manufacturing units in Gujarat and Karnataka, according to multiple sources aware of the development.
These units will be manufacturing wind tu...
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Jio and Bharti Airtel sit at the centre of India’s telecom duopoly, but JM Financial’s latest assessment shows the strength heading into 2026 will not be evenly split. JM Financial believes that the visibility for a 15% tariff hik...
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The Competition Commission of India (CCI) greenlit on Tuesday ITC Limited’s acquisition of the paper and pulp manufacturing business of Aditya Birla Real Estate Limited (ABREL), clearing a key regulatory hurdle for the Rs 3,498-cr...
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The Government held roadshows in London to gauge investor interest for a minority stake sale in state-run General Insurance Corporation of India Insurance Corp of India (GIC), according to Reuters.
Government Plans to sell 10% ...
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Tata Power Managing Director and CEO Praveer Sinha said that the company is looking to finalise the 10 GW wafer and ingot project. According to a PTI report, Sinha stated that the project will be set up at an estimated cost of Rs ...
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Reliance Consumer Products has relaunched the legacy foods brand SIL. Acquired in January this year for an undisclosed amount by Reliance Consumer, the 75-year-old food brand is making a re-entry in the growing Indian FMCG market....
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Uttar Pradesh Chief Minister Yogi Adityanath on Monday met Tata Sons Chairman N Chandrasekaran to review the progress of the Tata Group’s existing projects in the state. Among the other things, Chandrasekaran proposed the developm...
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