|
|
| IMC Digital Processes have changed with online features, to experience the new processes visit us at https://www.imcnet.org
|
|
Important Information for Gift City Bulletin
|
|
|
|
|
|
|
|
|
| |
|
6
Mar
|
Global Sustainability Summit 2025
|
|
|
21
Mar
|
Invitation for Somaiya Innovation and Impact Festival
|
|
|
|
 |
|
|
|
|
| |
|
CUSTOMS
|
|
18
Feb
|
Notification No. 11/2025
(Delhi)
G.S.R…… (E) - In exercise of the powers conferred by section 157 read with section 143AA of the Customs Act, 1962
|
|
|
|
|
18
Feb
|
Circular No. 04/2025
(Delhi)
Single Unified Multi-Purpose Electronic Bond in Customs-Ekal Anubandh - reg.
|
|
|
|
|
18
Feb
|
Circular No. 05/2025
(Delhi)
Automation of Refund Application and Processing in Customs – reg.
|
|
|
INCOME TAX
|
|
21
Feb
|
Circular No. 03/2025
(Delhi)
INCOME-TAX DEDUCTION FROM SALARIES DURING THE FINANCIAL YEAR 2024-25 UNDER SECTION 192 OF THE INCOME-TAX ACT,1961
|
|
|
|
|
20
Feb
|
Circular No. 02/2025
(Delhi)
Extension of due date for filing of Form No. 56F under the Income-tax Act, 1961- reg.
|
|
|
RBI
|
|
22
Feb
|
RBI/2024-25/117
(Delhi)
Reserve Bank of India (Forward Contracts in Government Securities) Directions,
2025
|
|
|
|
|
18
Feb
|
RBI/2024-25/115
(Delhi)
Government securities transactions between a Primary Member (PM) of NDS-OM and its own Gilt Account Holder (GAH) or between two GAHs of the same PM
|
|
|
|
|
18
Feb
|
RBI/2024-25/116
(Delhi)
Reserve Bank of India (Prudential Regulations on Basel III Capital Framework, Exposure Norms, Significant Investments, Classification, Valuation and Operation of Investment Portfolio Norms and Resourc
|
|
|
|
|
|
|
|
|
|
|
|
|
|
LIVE MARKET
|
|
NSE (NIFTY)
|
0
|
|
BSE (SENSEX)
|
0
|
|
NASDAQ
|
0
|
|
FTSE 100
|
0
|
|
|
USD
|
0
|
|
EURO
|
0
|
|
GBP
|
0
|
|
GOLD
|
0
|
|
SILVER
|
0
|
|
INDIAN ECONOMY
|
|
|
India is laying the groundwork for a major economic leap. Union Commerce and Industry Minister Piyush Goyal has set an ambitious target—expanding the Indian economy from its current USD 4 trillion to USD 30-35 trillion by 2047. Speaking at the Invest Kerala Global Summit, he assured that the Centre is working...
Read More
|
|
Tariff does not protect any country and India needs to cut tariffs for its own good, irrespective of who tells India to do so, NITI Aayog CEO BVR Subrahmanyam said on Friday. Addressing the 69th Foundation Day of All India Management Association (AIMA), Subrahmanyam further said that being open to the world h...
Read More
|
|
Union Minister of Commerce & Industry Piyush Goyal on Friday expressed concerns over Japan's growing trade surplus with India, highlighting that India's exports to Japan have remained stagnant over the past 15 years. In contrast, Japanese exports to India have continued to rise, exacerbating the trade imbalan...
Read More
|
|
The Reserve Bank of India (RBI) is likely to deliver more interest rate cuts in the months ahead to help accelerate economic expansion, potentially breaking ranks with price-focused peers in key developed markets, as fostering growth seemingly begins to outweigh inflation taming as an immediate priority for t...
Read More
|
|
Is India gearing up for another few quarters of slow growth? As per the latest report by Nomura, the growth landscape still looks mixed. The latest report as per the Nomura India Growth Thermometer (NIGHT) suggests only a tepid improvement in the GDP momentum and as a result, FY26 is expected to be below 6%.
...
Read More
|
|
With the US President Donald Trump announcing ‘reciprocal tariffs’ on imports, Goldman Sachs said that the potential impact of the same on India’s Gross Domestic Product (GDP) will vary between 0.1 to 0.6 percentage points. India’s gross exports to the US is one of the lowest among its EM peers at around 2.0 ...
Read More
|
|
While the world awaits clarity on what the reciprocal tariff plan would look like, the US has kept sufficient leeway to impose punitive taxes on imports in the guise of addressing non-tariff barriers if the levelling of levies do not produce results it wants, according to a study.
“Around 75% of US exports...
Read More
|
|
India will soon start discussing a trade pact with the US that will potentially be the “mother of all deals”, commerce and industry minister Piyush Goyal said on Friday.
“We will soon begin discussions with the Donald Trump administration on a strong and comprehensive economic partnership, and a bilateral ...
Read More
|
|
|
MARKET & FINANCE
|
|
|
The Reserve Bank of India’s (RBI) outstanding net forward sales of the dollar have surged to $67.93 billion as of December 31, 2024, as the central bank intensified its efforts to stabilise the rupee. This marks a significant increase in outstanding forward dollar sales of $14.58 billion just three months ago...
Read More
|
|
Singapore announced on Friday a set of measures to rejuvenate its equities market, including a 20% tax rebate for primary listings and a S$5 billion ($3.74 billion) program that focuses on investing in domestic stocks.
The statement offers more details on measures Singapore's equities market review group a...
Read More
|
|
Snapping the three-week rising streak, India’s forex reserves dropped by USD 2.54 billion to USD 635.721 billion in the week ended February 14, the RBI said on Friday. In the previous reporting week, the reserves had increased by USD 7.654 billion to USD 638.261 billion.
The forex reserves had increased to...
Read More
|
|
The Reserve Bank of India will conduct a massive $10 billion three-year dollar/rupee swap auction next week to infuse durable rupee liquidity into the banking system, which has been reeling under large cash deficits, the central bank said on Friday.
The RBI will conduct the buy/sell swap on February 28, it...
Read More
|
|
|
GLOBAL CORPORATE
|
|
|
U.S. energy firms this week added oil and natural gas rigs for a fourth week in a row to the highest level since June, energy services firm Baker Hughes said in its closely followed report on Friday.
The oil and gas rig count, an early indicator of future output, rose by four to 592 in the week to February...
Read More
|
|
Goldman Sachs said on Friday a proposed 10% U.S. oil tariff could cost foreign producers $10 billion per year, as Canadian and Latin American heavy crudes remain reliant on U.S. refiners due to limited alternative buyers and processing capabilities.
President Donald Trump plans to impose a 25% tariff on Me...
Read More
|
|
A high-level Japanese group that includes a former prime minister has drawn up plans for Tesla to invest in Nissan after the collapse of its merger talks with Honda, the Financial Times said on Friday.
A separate Nikkei newspaper report said Taiwan's Foxconn has proposed forming a partnership with Honda w...
Read More
|
|
President Donald Trump is directing the Committee on Foreign Investment in the United States to restrict Chinese spending on technology, energy and other strategic US sectors, his administration’s latest salvo against the world’s second-largest economy.
Trump laid out the plan in a national security presi...
Read More
|
|
President Donald Trump signed a memorandum Friday to formally consider using tariffs to counter the digital services taxes some countries impose on US tech giants, a step that could expand a global battle aimed at addressing imbalances in trade.
The memo called for the Office of the US Trade Representativ...
Read More
|
|
|
|
|
|
|
|
|
Banking
|
|
|
Bank credit as well as deposits witnessed deceleration during the October-December quarter sequentially, showed Reserve Bank data released on Friday.
Bank credit growth (y-o-y) decelerated to 11.8 per cent in December 2024 from 12.6 per cent in September 2024, while aggregate deposits increased at a margin...
Read More
|
|
The New India Co-operative Bank (NICB) fraud has raised fresh concerns about safety of deposits in co-operative banks. Since the inception of deposit insurance in 1962, there have been as many as 430 co-operative bank failures, putting at risk thousands of crores of rupees of depositors.
These crises have ...
Read More
|
|
The RBI on Friday (February 21) proposed to do away with foreclosure charges or pre-payment penalties charged by banks and other lenders on all floating rate loans, including for business purposes, availed by individuals as well as micro and small enterprises (MSEs).
In terms of the extant norms, certain c...
Read More
|
|
|
|
|
|
|
|
|
|
|
|
|
GLOBAL ECONOMY
|
|
|
| Trade Report |
| Country |
Month |
Link |
| Switzerland |
July 2019 |
Click |
|
|
Sara Huertas still lives with her parents at age 30 because her supply teacher salary doesn't pay enough for her to rent a home in Madrid with her partner.
"We looked south of Madrid, because it's impossible in the capital, but...
Read More
|
|
French business activity slumped much more than expected in February, according to a survey published on Friday, as new business and backlogs in the dominant services sector sharply declined.
The HCOB France flash purchasing ma...
Read More
|
|
Business activity in Germany's private sector picked up slightly in February, driven by a steady performance in services and reduced drag from manufacturing, according to a survey published on Friday.
The HCOB German flash comp...
Read More
|
|
Euro zone business activity saw very tepid growth in February as demand fell at a faster pace and an expansion in services barely offset a long-running decline in manufacturing, a survey showed.
HCOB's preliminary composite eur...
Read More
|
|
Italian EU-harmonised consumer prices (HICP) fell 0.8% month-on-month in January and were up 1.7% from the year earlier, official statistics agency ISTAT said on Friday, partially revising down preliminary data.
The preliminary...
Read More
|
|
Canada's retail sales in December grew by a robust 2.5% on a monthly basis, beating analysts' expectations, as a sales tax holiday bumped up spending on food and beverages and people also bought cars and vehicle parts, data showed...
Read More
|
|
Mexico's economy shrank in the fourth quarter for the first time in more than three years, official data showed on Friday, as the central bank expects at best lackluster growth this year and economists see stiff risks ahead includ...
Read More
|
|
U.S. consumer sentiment dropped more than expected in February to a 15-month low and inflation expectations rocketed as households worried that President Donald Trump's plans for steep and broad-based tariffs would eat into their ...
Read More
|
|
he Bank of Canada's 2% inflation target should be maintained in a review set for 2026, Governor Tiff Macklem said on Friday, saying central bank needed to focus on risks such as the imposition of U.S. tariffs.
The bank and the ...
Read More
|
|
Mexico's annual inflation rate likely rose during the first half of February as the core index remained flat, a Reuters poll predicted on Friday, boosting bets that the central bank will again opt to significantly lower borrowing ...
Read More
|
|
Ukrainian President Volodymyr Zelenskyy held a meeting with US Special Presidential Envoy for Russia and Ukraine Keith Kellogg in Kyiv on Thursday and discussed about the battlefield situation, how to return Ukraine's prisoners of...
Read More
|
|
|
INDIAN CORPORATE
|
|
|
The Adani group is planning to invest Rs 30,000 crore in Kerala over next five years, a top official of the company said here Friday.
The investments include Rs 5,500 crore on expanding the operations of Trivandrum Internationa...
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 .
|
|
|
|
|
Head Office :
IMC Bldg., IMC Marg, Churchgate, Mumbai - 400 020 India
Tel : 91-22-71226633 | Fax : 91-22-22048508 / 22838281
|
|
|
|
E-Mail : imc@imcnet.org
Website : www.imcnet.org
|
|
|
|
|
|