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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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Important Information for Gift City Bulletin
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INCOME TAX
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6
Jun
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Notification No. 52/2025
(Delhi)
S.O. 2447(E).—In exercise of the powers conferred by clause (48) of Section 2 of the Income-tax Act, 1961
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6
Jun
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Notification No. 53/2025
(Delhi)
G.S.R. 356(E).— In the notification of the Government of India, Ministry of Finance, Department of Revenue
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6
Jun
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Notification No. 54/2025
(Delhi)
S.O. 2479(E).––In pursuance of sub-clause (ii) of clause (a) of sub-section (1) of section 138 of the Income-tax Act, 1961
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RBI
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7
Jun
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RBI/2025-26/47
(Delhi)
Reserve Bank of India (Lending Against Gold and Silver Collateral) Directions, 2025
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6
Jun
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RBI/2025-26/42
(Delhi)
Liquidity Adjustment Facility - Change in rates
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6
Jun
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RBI/2025-26/43
(Delhi)
Standing Liquidity Facility for Primary Dealers
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6
Jun
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RBI/2025-26/45
(Delhi)
Penal Interest on shortfall in CRR and SLR requirements - Change in Bank Rate
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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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0
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EURO
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0
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GBP
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0
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GOLD
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0
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SILVER
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0
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INDIAN ECONOMY
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Nomura lowered India's inflation forecast to 3.3% in FY26 from 3.9% earlier and said cooling inflation will create more space for monetary policy easing. A strong winter crop harvest, decline in pulse prices due to higher supply, lower agricultural input costs and potentially favourable monsoons should lower ...
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After slashing Repo rate by 50 basis points to 5.50 per cent on Friday, Reserve Bank Governor Sanjay Malhotra indicated that more rate cuts will depend on incoming data on inflation and growth parameters, hinting at the possibility of a pause on the interest rate front.
“After having reduced the policy rep...
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The new Consumer Price Index (CPI) series may assign a 36-38 percent weight to the "food and beverages" group, which is likely to curb the impact of volatility in food prices on the headline retail inflation print, a senior government official told Moneycontrol. In the present CPI series, the segment carries ...
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India will meets its target of 50 percent non-fossil generation capacity earlier than planned even as the country saw the third-largest growth in power generation capacity in the world after China and the US in past five years, the International Energy Agency (IEA) has said in its latest report.
In 2024, 8...
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The projections given by the Reserve Bank of India (RBI) on Consumer Price Index (CPI) inflation suggest that the inflation will remain lower than the medium-term target of 4 percent for a longer period.
In June monetary policy, CPI projections for FY26 were revised down by 30 basis points (Bps), Q1FY26 pr...
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India’s extreme poverty fell to 5.3% in 2022-23 from 27.1% in 2011-12, a much sharper decline than in previous decades, the World Bank said, releasing updated data. Only 75.24 million were suffering extreme poverty in the country in 2022-23, as against 344.47 million in 2011-12, it said, implying a massive 26...
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The monetary policy transmission happened much faster this time compared to previous occasions, RBI governor Sanjay Malhotra said in the post-policy press conference, emphasising on faster pass-through.
“That’s why we have frontloaded some of our actions,” he said. “It is much faster than previous times. N...
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Trade talks between Indian and U.S. officials have been extended into next week as both sides seek consensus on tariff cuts in the farming and auto sectors, aiming to finalise an interim deal before a July 9 deadline, Indian government sources said.
A U.S. delegation led by senior officials from the Office...
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MARKET & FINANCE
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After the Reserve Bank of India reduced the repo rate by another 50 basis points to 5.50% and a 100 basis point CRR cut, the mutual fund experts believe that the fixed income landscape has turned even more favorable for investors. Further, the CRR cut is a strong liquidity injection, which will further push d...
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Kazakhstan’s Deputy Prime Minister and Foreign Minister Murat Nurtleu affirmed India’s role as a key strategic partner and outlined a vision to triple bilateral trade, expand energy and digital cooperation, and invite Indian investment in infrastructure and innovation during the Central Asia–India Business Co...
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India’s short-term government bonds rose on Friday, buoyed by the central bank’s monetary policy announcements, including a larger-than-expected 50 basis point rate cut, which were viewed as particularly supportive for the shorter end of the yield curve. In contrast, the more liquid long-term bonds remained l...
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GLOBAL CORPORATE
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Delta Air Lines has issued a stark warning that proposed tariffs under a national security investigation could severely disrupt its operations, potentially grounding flights for millions of passengers annually.
In legal documentation submitted to the US government and shared with Fox News Digital, Delta ob...
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In a renewed effort to ease trade tensions, the United States and China are set to resume high-level negotiations in London on Monday, June 9, 2025.
US-China trade talk
Trump announced the upcoming talks on Friday, expressing optimism after what he described as a “very positive” 90-minute phone call wit...
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China has granted temporary export licenses to rare-earth suppliers of the top three U.S. automakers, two sources familiar with the matter said, as supply chain disruptions begin to surface from Beijing's export curbs on those materials.
At least some of the licenses are valid for six months, the two sourc...
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The Swiss government on Friday proposed stricter rules for UBS following its takeover of Credit Suisse, which could make it hold $26 billion more in core capital, confirming some of the bank's worst fears about incoming new regulations.
The key proposal, which the bank would have six to eight years to prep...
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China has signalled for more than 15 years that it was looking to weaponise areas of the global supply chain, a strategy modelled on longstanding American export controls Beijing views as aimed at stalling its rise.
The scramble in recent weeks to secure export licences for rare earths, capped by Thursday'...
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Banking
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The Reserve Bank of India (RBI) on June 6 released the final guidelines for lending against gold and silver collateral.
This comes shortly after RBI Governor Sanjay Malhotra, during the post-policy press conference, had stated that the guidelines would be released either today or on Monday.
According to...
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GLOBAL ECONOMY
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| Trade Report |
| Country |
Month |
Link |
| Switzerland |
July 2019 |
Click |
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Russia’s central bank lowered its benchmark interest rate to 20 percent on Friday, easing it from a two-decade peak of 21 percent as signs of economic cooling and easing price pressures emerged.
The move marked the regulator’s ...
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Growth in China's exports likely slowed in May despite a lowering of U.S. tariffs on Chinese goods, as the fallout from the still-unresolved trade war and uncertainties in Sino-U.S. ties weighed on shipments.
Outbound shipments...
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Thailand's annual inflation rate was negative for a second straight month in May, the commerce ministry said on Friday as it cut its full-year forecast to close to zero, just weeks ahead of the central bank's next monetary policy ...
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Austria's economy will grow slightly this year, avoiding what would be a third year of recession in a row, the Austrian National Bank said in its half-yearly economic forecast, predicting gross domestic product will rise by 0.2% t...
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Italy's economy will grow by 0.6% this year, national statistics bureau ISTAT said on Friday, trimming a previous forecast of 0.8% made in December amid mounting uncertainty over the impact of U.S. President Donald Trump's tariff ...
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Trade tariffs and the uncertainty they are causing put a brake on economic growth in the Netherlands, the Dutch central bank DNB said on Friday.
Growth of the euro zone's fifth largest economy is set to remain stuck at about 1%...
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Canada's unemployment rate in May jumped to its highest level in almost nine years, excluding the peak of the COVID-19 pandemic, with 1.6 million jobless people in the country, data showed on Friday.
The unemployment rate ticke...
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U.S. tariff policy could cost Germany 90,000 jobs within a year, the country's labour office head told Sueddeutsche Zeitung newspaper in an interview released on Friday.
Federal Employment Agency chief Andrea Nahles was citing ...
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Brazilian President Luiz Inacio Lula da Silva said on Friday that growth in the agriculture sector may allow Latin America's largest economy to defy current projections and expand this year more than in 2024, when it notched growt...
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The last eleven months have seen a net outflow of $12.3 billion from Argentina, affecting the central bank's ability to accumulate reserves, according to the bank's latest report.
As President Javier Milei has attempted to main...
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Mexico's annual inflation likely accelerated in May to above the official target, a Reuters poll showed on Friday, complicating the central bank's efforts to keep cutting its key rate amid a weakening economy.
The median foreca...
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Colombian Finance Minister German Avila said on Friday that "paralyzing" the economy to comply with the country's fiscal rule is not an option and that the government will take steps, including increased borrowing, if needed to en...
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The United States added more jobs than analysts expected in May even as hiring cooled, government data showed Friday, a resilient showing amid growing scrutiny over effects from President Donald Trump's widespread tariffs.
Hiri...
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INDIAN CORPORATE
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Akasa Air on Friday announced its strategic partnership with Adani Airport Holdings Ltd. (AAHL), the largest operator of PPP airports in India, to commence commercial flight operations from the upcoming Navi Mumbai International A...
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City gas distributor Indraprastha Gas (IGL) plans to increase capital expenditure by around 67 percent during FY26 in order to diversify from core business to move into solar, liquefied natural gas (LNG) and compressed biogas (CBG...
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Infosys on June 6 said the Rs 32,403 crore indirect tax case against it has been closed by the GST Intelligence authority.
The company had earlier received a pre-show cause notice from the Director General of GST Intelligence (...
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Travel-tech firm Oyo is doubling down on its fast-growing company-serviced hotel model in India, aiming to increase its share of booking revenue from this segment from the current 22% to 44% in this financial year. The move aligns...
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Tata Steel UK’s export to the United States could be significantly impaired, with its £150 million annual trade facing disruption due to technicalities in the UK-US steel trade agreement. As the company transitions its Port Talbot...
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GST
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The GST Council may soon consider a plan to rationalise the goods and services tax rates, reducing them from four to three by eliminating the 12 per cent tax slab, according to a report by the Hindustan Times, citing people aware of the development.
The officials and experts advising the Group of Ministers...
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