|
|
| IMC Digital Processes have changed with online features, to experience the new processes visit us at https://www.imcnet.org
|
|
|
|
|
|
| |
|
18
Sep
|
Industry Expo 2025, Colombo, Sri Lanka- 18th to 21st September 2025
|
|
|
15
Oct
|
40th Trade Expo Indonesia Exhibition | Seminar | Business Matching | Trade Mission- 15th to 19th October 2025
|
|
|
19
Nov
|
Match4industry Business Matchmaking Event- 19th-20th November 2025
|
|
|
|
 |
|
|
|
|
| |
|
CUSTOMS
|
|
1
Sep
|
Notification No. 52/2025
(Delhi)
S.O. … (E).– In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962
|
|
|
INCOME TAX
|
|
5
Sep
|
Circular No. 11/2025
(Delhi)
Modification to Circular No. 9 of 2022 (F. No.370142/2/2022-TPL) dated 09.05.2022 of CBDT-reg.
|
|
|
|
|
4
Sep
|
Notification No. 142/2025
(Delhi)
S.O. 4008(E).— In exercise of the powers conferred by sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, 1961
|
|
|
|
|
4
Sep
|
Notification No. 143/2025
(Delhi)
S.O. 4009(E).— In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961
|
|
|
|
|
4
Sep
|
Notification No. 144/2025
(Delhi)
S.O. 4010(E).— In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961
|
|
|
|
|
4
Sep
|
Notification No. 145/2025
(Delhi)
S.O. 4011(E).— In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961
|
|
|
|
|
3
Sep
|
Notification No. 141/2025
(Delhi)
G.S.R. 598(E).— In exercise of the powers conferred by section 295 read with the fourth, fifth and sixth provisos and Explanation 3 to clause (23FE) of section 10 of the Income-tax Act, 1961
|
|
|
|
|
|
|
|
|
INDIAN ECONOMY
|
|
|
EU trade chief Maros Sefcovic will visit New Delhi next week, as talks on a planned free trade agreement make "rapid progress", Indian trade minister Piyush Goyal said on Thursday.
The report of advances in the long-running negotiations with Europe came a week after sharp hikes in U.S. tariffs on Indian go...
Read More
|
|
The State Bank of India (SBI) in its latest research report said that reforms in GST through reduction in rates will cause a minimal revenue loss of Rs 3,700 crore.
The government estimates the net fiscal impact of GST rates rationalisation will be Rs 48,000 crore on an annualised basis.
...
Read More
|
|
As India progresses in digital banking and financial inclusion, the India Post Payments Bank has emerged as one of the largest financial inclusion initiatives globally. Since its inception, the bank has been using the network of over 1.64 lakh post offices and nearly 2 lakh postmen; it has been a silent game ...
Read More
|
|
The industry will largely pass on the entire benefit of GST rationalisation to policyholders, says Tapan Singhel, managing director and CEO, Bajaj Allianz General Insurance. He tells Geeta Nair that in the short term, it is a wait-and-watch approach, while affordability will drive growth in the long run.
W...
Read More
|
|
Within a few months after the roll-out of the revamped Goods and Services Tax (GST), revenues will tend to stabilise and then pick up, according to the Central Board of Indirect Taxes & Customs (CBIC) chairman Sanjay Kumar Agarwal. In an interview with Prasanta Sahu, he also said that in the case of industrie...
Read More
|
|
The GST rate revision by the Government has raised many questions on fiscal sustainability and the consumption boost. The GST revision has reduced rates on 90 per cent of the categories, while the newly announced category of 40 per cent has some surprise entrants as well.
JM Financial pointed out that tho...
Read More
|
|
The increase in the GST on oil and gas EDP (exploration, development, and production) contracts from 12% to 18% could hit upstream operations by inflating production costs and creating stranded taxes, analysts feel. The higher tax has come at a time when realisations of oil producers have weakened due to glob...
Read More
|
|
The abolition or reduction of GST on range of items including fertilisers, agro-chemicals, farm machinery, food processing equipments, drip irrigation systems, sprinklers, specified bio-pesticides and micro nutrients will ease farm input costs, boost mechanisation, reduce prices and accelerate adoption of sus...
Read More
|
|
The GST Council on Wednesday announced no GST cess except on tobacco, which will continue until loans given to states during Covid are repaid. The government expects to clear these loans by November 2025. According to government estimates, the removal of cess and the new tax structure will cost the Centre and...
Read More
|
|
|
MARKET & FINANCE
|
|
|
Indian government bonds inched up in early deals on Friday, as abating concerns of fiscal slippage from tax revision and higher U.S. Treasuries lifted sentiment.
The benchmark 10-year bond yield was at 6.4814% as of 10:00 a.m. IST, compared with Thursday's close of 6.4934%.
Bond yields move inversely to...
Read More
|
|
Foreign institutional investors (FIIs) have unleashed a savage selloff across India's most prized sectors, yanking out over Rs 60,000 crore from financial and IT stocks in just two months as doubts over earnings recovery and global headwinds trigger exodus.
NSDL data reveals FIIs dumped financial stocks wo...
Read More
|
|
Global bond markets are facing a challenging situation with long-term government bond yields rising across various countries. Bond yields are rising primarily on concerns about the direction of monetary and fiscal policy in key global economies.
Bond yields fall on expectations of interest rates coming dow...
Read More
|
|
|
GLOBAL CORPORATE
|
|
|
BlackRock struck a deal with Citigroup to manage about $80 billion in assets for the bank's wealth management clients, Citi said on Thursday.
The move highlights a growing trend among big banks to partner with specialist asset managers while refocusing wealth businesses on client advice and financial plann...
Read More
|
|
Most of the bidders seeking to buy a portion of Starbucks' China operations have submitted offers valuing the business at as much as $5 billion, said two people who have knowledge of the deal discussions.
That quotation would make a potential deal one of the most valuable China unit divestments by a globa...
Read More
|
|
South Korea said on Friday that an executive order signed by U.S. President Donald Trump to implement a trade deal with Japan that includes a lower 15% tariff on Japanese car imports is expected to impact its auto industry.
South Korea is assessing the details of the trade deal, signed by Trump on Thursday...
Read More
|
|
Interacting with Cook during a private dinner he hosted for American tech leaders, Trump asked the Apple chief about the company’s global strategy.
“How much money is Apple going to be investing in the United States, because you know, you were really elsewhere and now you are coming back home in a big way,...
Read More
|
|
President Donald Trump said on Thursday his administration would impose tariffs on semiconductor imports from companies not shifting production to the U.S., speaking ahead of a dinner with major technology company CEOs.
Since returning to office in January, Trump’s threat of tariffs has alienated trading p...
Read More
|
|
U.S. President Donald Trump signed an order on Thursday to implement the lower tariffs on Japanese automobile imports and other products that were announced in July.
Formalizing the agreement between the U.S. and a key Asian ally comes after months of negotiations, reduces uncertainty for the massive Japan...
Read More
|
|
|
|
|
|
|
|
|
Banking
|
|
|
Banking system liquidity, currently at a daily surplus of Rs 3 lakh crore, is set for a festive-season boost as the first of the stage-gated reductions in the cash reserve ratio (CRR) takes effect on Saturday.
This phase of the CRR cut is expected to inject about Rs 62,000 crore into the banking system two...
Read More
|
|
As the September 15 income tax return (ITR) filing deadline is just around the corner, NPCI (National Payments Corporation of India) has raised the per-transaction cap to Rs 5 lakh, but this is only for entities that fall under categories aligned with tax payments.
On top of that, NPCI has enhanced the per...
Read More
|
|
With the government slashing goods and services tax rate across 396 items on Wednesday, banks and non-bank financial companies expect the move to boost credit demand as consumers would have more disposable income at their hands.
“Household goods earlier taxed at 12% and 18% will fall under the 5% category,...
Read More
|
|
|
|
|
|
|
|
|
|
|
|
|
GLOBAL ECONOMY
|
|
|
| Trade Report |
| Country |
Month |
Link |
| Switzerland |
July 2019 |
Click |
|
|
The European Central Bank is done cutting interest rates as a steady economic outlook and near-target inflation put the central bank in a comfortable place, according to a majority of economists polled by Reuters.
Economists we...
Read More
|
|
Canada's trade deficit narrowed in July as overall exports rose, especially driven by outbound shipments of crude oil and passenger cars to its biggest trading partner the United States, Statistics Canada said on Thursday.
Its ...
Read More
|
|
U.S. worker productivity grew faster than initially thought in the second quarter, curbing the rise in labor costs.
Nonfarm productivity, which measures hourly output per worker, increased at a 3.3% annualized rate last quarter...
Read More
|
|
Canada's services economy contracted for a ninth straight month in August as uncertainty over U.S. tariffs weighed on export sales and business confidence, S&P Global's Canada services PMI data showed on Thursday.
The headline ...
Read More
|
|
The U.S. trade deficit widened sharply in July as record inflows of capital and other goods boosted imports, a trend that if sustained could see trade subtracting from gross domestic product in the third quarter.
The trade gap ...
Read More
|
|
Japanese household spending in July rose 1.4% from a year earlier, internal affairs ministry data showed on Friday, short of the median market forecast for a 2.3% rise.
On a seasonally adjusted, month-on-month basis, spending i...
Read More
|
|
Goldman Sachs lowered its expected rate cut from next week's Turkish central bank meeting to 200 basis points, from the previous 350 bps, citing recent data showing both strong economic growth and hotter-than-expected inflation.
...
Read More
|
|
Philippine annual inflation quickened to 1.5% in August from the prior month's 0.9% rate, reflecting increases in the costs of housing, utilities and food and drinks, the statistics agency said on Friday.
The latest inflation p...
Read More
|
|
Forecasts for tepid U.S. job growth in August and a rise in unemployment to 4.3%, if accurate, would confirm a softening labor market and seal the case for an interest rate cut from the Federal Reserve this month.
The Labor Dep...
Read More
|
|
China's export growth probably slowed in August, weighed down by weaker shipments to the U.S. as a temporary boost from Beijing's tariff truce with its top consumer market fades.
The threat of higher U.S. duties on Chinese good...
Read More
|
|
France faces a slew of key sovereign debt rating reviews from next week, with the risk of a downgrade rising as the government, which looks set to lose a confidence vote on Monday, struggles to gain backing for an unpopular debt-c...
Read More
|
|
German industrial orders unexpectedly fell in July due to a drop in large-scale orders, data showed on Friday.
German industrial orders declined by 2.9% on the previous month on a seasonally and calendar-adjusted basis, the fed...
Read More
|
|
|
INDIAN CORPORATE
|
|
|
Reliance Industries' Oil-to-Chemicals (O2C) profitability has minimal dependence on Russian crude (2 per cent of consolidated Ebitda) as discounts are largely negated by higher logistics and insurance costs, according to a report ...
Read More
|
|
Apple Inc.’s annual sales in India hit a record of nearly $9 billion in the last fiscal year, signaling growing consumer demand for its flagship devices as the company ramps up its retail footprint in the world’s most populous cou...
Read More
|
|
Bharat Forge’s step-down subsidiary, Agneyastra Energetics, has signed an agreement with Andhra Pradesh Industrial Infrastructure Corporation (APIIC) for a massive land acquisition in the state.
Agneyastra, incorporated through...
Read More
|
|
|
|
|
|
|
GST
|
|
|
GST 2.0 Reform, GST Rate Cut FAQs: 75 questions answered below:
When will the changes in GST rates come into force?
As per recommendations of the GST Council in its 56th meeting, the changes in GST rates on services and goods other than cigarettes, chewing tobacco products like zarda, unmanufactured tobacco...
Read More
|
|
In a boost to the pharma sector, the government has slashed the goods and services tax (GST) rates on all pharmaceutical formulations from 12% to 5%. Further, exemption is provided for 33 lifesaving drugs where the tax rates have been brought down from 12% to zero in addition to exempting three more critical ...
Read More
|
|
|
|
|
|
|
|
|
|
|
|
|
IMC Chamber of Commerce and Industry has sent this e-mail to you because your subscription preferences indicate that you want to receive latest news alerts on this email ID. For suggestions and feedback news alerts on this email ID. For suggestions and feedback click here .
|
|
|
|
|
|