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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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CUSTOMS
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11
Oct
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Circular No. 20/2024
(Delhi)
Reduction in average dwell time and exclusion of DPD containers for calculation of insurance amount under Regulation 5(1)(iii) of HCCAR, 2009-reg.
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INCOME TAX
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15
Oct
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Notification No. 107/2024
(Delhi)
S.O. 4398(E).— In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961
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15
Oct
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Notification No. 108/2024
(Delhi)
S.O. 4399(E).— In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961
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15
Oct
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Notification No. 109/2024
(Delhi)
S.O. 4400(E).— In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961
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15
Oct
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Notification No. 110/2024
(Delhi)
S.O. 4401(E).— In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961
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RBI
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11
Oct
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RBI/2024-25/81
(Delhi)
Implementation of Credit Information Reporting Mechanism subsequent to cancellation of licence or Certificate of Registration
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11
Oct
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RBI/2024-25/82
(Delhi)
Submission of information to Credit Information Companies (CICs) by ARCs
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11
Oct
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RBI/2024-25/83
(Delhi)
Facilitating accessibility to digital payment systems for Persons with Disabilities – Guidelines
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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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Finance minister Nirmala Sitharaman on Monday said the government is simultaneously “pushing all levers” to sustain the current high growth rate, and the country’s economic prospects for this fiscal have been recognised by multilateral bodies like the International Monetary Fund (IMF) and the World Bank.
I...
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US-India Strategic Partnership Forum President and CEO Mukesh Aghi on Monday emphasised that exports are going to be a major job creator for India as the country moves towards becoming a USD 5 trillion economy. Aghi, who was speaking at an event organised by the USISPF, also stressed that India and the US sho...
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State governments’ capital expenditures have declined on a year-on-year basis during the first five months of the current financial year, according to a report by The Financial Express. This reduction in spending has extended the ongoing slowdown in public sector capital investments.
An analysis of the finan...
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Indian conglomerates -- including prominent names such as Reliance Industries, and the Adani, Tata, and JSW groups -- are gearing up for an investment of $800 billion over the next decade, nearly trebling their spending compared to the previous 10 years, according to a report from S&P Global Ratings. Roughly ...
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As many as 28 agencies have forecasted India’s GDP to grow at 6.95% in the current financial year, which is about 25 basis points (bps) lower than the Reserve Bank of India’s (RBI) forecast.
According to a note by the Centre for Monitoring Indian Economy (CMIE), these agencies had earlier predicted growth ...
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India’s retail inflation, based on the Consumer Price Index (CPI), escalated to a nine-month high of 5.49 per cent due to high food prices, data released by the Ministry of Statistics & Programme Implementation (MoSPI) showed on Monday. In August, CPI inflation came in at 3.65 per cent, marginally higher than...
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MARKET & FINANCE
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Reserve Bank Governor Shaktikanta Das on Monday made a case for reducing time and cost of overseas remittances, which are important for developing economies including India.
According to the World Migration Report 2024 released by the International Organisation for Migration (IOM), India's remittances surg...
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GLOBAL CORPORATE
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Global sales of fully electric and plug-in hybrid vehicles rose by an annual 30.5 per cent in September, as China surpassed its record numbers recorded in August and Europe resumed growth, market research firm Rho Motion said on Tuesday.
Gains in the US market have been slow and steady in anticipation of ...
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EU talks with Beijing on minimum import prices to avert the bloc's tariffs on China-built electric vehicles pose a "formidable challenge" as cars are complex products and because offers must be adequate and enforceable, a senior EU official said.
The tariffs are due to be imposed after the European Union's...
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Private equity giants TPG and Blackstone have joined forces to submit a joint bid for eyecare company Bausch + Lomb, Financial Times reported citing sources familiar with the development. If successful, the transaction could be one of the largest private equity deals of the year, with Bausch + Lomb's enterpri...
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Banking
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Ahead of the new prompt corrective action (PCA) framework for Urban Cooperative Banks (UCBs), about 60-65 weak UCBs are expected to exit the current supervisory regime by March 2025 on improvement in performance.
At present, a little over 500 weak banks are under the Supervisory Action Framework (SAF) for st...
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GLOBAL ECONOMY
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| Trade Report |
| Country |
Month |
Link |
| Switzerland |
July 2019 |
Click |
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Investors in French luxury group LVMH are eager for signs that China's new fiscal stimulus measures can finally pull wealthy and middle-class Chinese shoppers out of their funk, inspiring them to splash out on $4,300 designer leat...
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Brazil's economic activity again surprised on the upside in August, central bank data showed on Monday, reinforcing a view of heated economic momentum that prompted policymakers to kick off a monetary tightening cycle last month.
...
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Growth across the Pacific Islands is expected to slow to 3.6% this year, down from 5.8% in 2023, as a post-pandemic rebound fades and Fiji, contributing half of the region's output, slowed significantly, the World Bank said on Tue...
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China may raise an additional 6 trillion yuan ($850 billion) from special treasury bonds over three years to stimulate a sagging economy, local media reported, a figure that failed to revive sentiment in the country's stock market...
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The world's total public debt is set to exceed $100 trillion this year for the first time, and may grow more quickly than forecast as political sentiment favors higher spending and slow growth amplifies borrowing needs and costs, ...
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China’s export growth unexpectedly slowed in September, curbing a trade rebound that has been a bright spot for a weakening economy that policymakers are relying on manufacturing to power.
Exports climbed just 2.4% in dollar te...
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Chinese finance industry professional Zhang Jing made enough money from a recent stock market rally to consider hopping on the housing ladder but wants to hear more from the government before making a purchase.
"I still don't h...
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Current economic indicators point to continued weakness in the German economy in the past quarter, the economy ministry said in its monthly report on Monday.
"The weak economic phase is likely to continue in the second half of ...
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China's export growth slowed sharply in September while imports also unexpectedly decelerated, undershooting forecasts by big margins and suggesting manufacturers are slashing prices to move inventory ahead of tariffs from several...
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The World Bank said on Monday it had lowered its economic growth forecast for sub-Saharan Africa this year to 3% from 3.4%, mainly due to the destruction of Sudan's economy in a civil war.
However, growth is expected to remain ...
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Bank Indonesia (BI) will leave interest rates unchanged on Wednesday despite inflation falling to its lowest level since 2021, as receding expectations of aggressive U.S. Federal Reserve easing weaken the rupiah, a Reuters poll fo...
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Turkey's economy will grow 3% this year and next, lower than the government's recently updated forecasts, a Reuters poll of economists showed on Monday, pointing to a much deeper slowdown as authorities seek to douse rampant infla...
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INDIAN CORPORATE
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HCLTech's revenue rose by 5.9% in constant currency in the Sept quarter compared to the year-ago period. Its revenue grew by 1.6% quarter-on-quarter despite the State Street divestment. The firm consolidated its operations in Indi...
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Putting back on track the biggest bankruptcy resolution in the power sector involving Adani Power's Rs 27,000-crore for the 1,800-MW KSK Mahanadi project, the Supreme Court on Monday set aside the Telangana High Court’s order that...
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Sri Lanka's new government led by Anura Kumara Dissanayake on Monday told the Supreme Court that it would reconsider the approval granted by the previous government to India's Adani Group for a wind power project.
A five-member...
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Jio Platforms Ltd (JPL), which runs the country’s largest mobile network operator Reliance Jio, on Monday reported a sharp 23.4 per cent year-on-year (Y-o-Y) increase in net profit to Rs 6,539 crore for the second quarter (July-Se...
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Oil-to-telecom conglomerate Reliance Industries Ltd (RIL) reported a 4.8 per cent year-on-year (Y-o-Y) decline in consolidated profit (attributable to the owners) at Rs 16,563 crore for the July-September quarter (Q2) of 2024-25, ...
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JSW Energy on Monday announced that its step-down subsidiary JSW Renew Energy Thirteen Limited has signed Power Purchase Agreement (PPA) with NTPC Limited (NTPC) for ISTS/STU-connected solar capacity of 700 MW.
The PPA, it add...
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Isha Ambani-led Reliance Retail Ventures Limited on Monday reported its fiscal second quarter earnings with profit at Rs 2,836 crore, up 1.3 per cent in comparison to Rs 2,800 crore during the corresponding quarter of FY24. It rec...
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HCL Technologies Ltd on Monday reported its fiscal second quarter earnings with profit at Rs 4,237 crore. The company posted a growth of 10.5 per cent YoY in comparison to Rs 3,833 crore during the corresponding quarter of previou...
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GST
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The government has issued Notification 25/2024-Central Tax, on October 9, 2024.under GST Section 51 of the CGST Act, 2017 mandating compliance by the businesses dealing with Metal Scrap. The GST portal will soon be updated to enable compliance of registration through FORM GST REG-07 by these category of regis...
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Invoice Management System (IMS) is made available to taxpayers from Today, 14th Oct, 2024. The new system shall facilitate taxpayers in matching their records/invoices vis a vis issued by their suppliers for availing the correct Input Tax Credit (ITC). Taxpayers can make use of this system to take action on t...
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The central government on Monday issued notices totalling Rs 10,000 crore to automakers for failing to pay compensation cess levied under the Goods and Services Tax (GST) on utility vehicles, says ET Now citing sources.
The automakers have requested the government to review the notices.
...
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