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CUSTOMS
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12
Mar
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Circular No. 09/2026
(Delhi)
Return of export cargo from international waters due to closure of the Strait of
Hormuz – Section 143AA of the Customs Act, 1962 – reg.
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12
Mar
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Circular No. 10/2026
(Delhi)
Levy of fee for amendment or cancellation of export documents in cases of withdrawal of export consignments due to force majeure circumstances - Section 143AA of the Customs Act, 1962-reg.
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RBI
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12
Mar
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RBI/2025-26/230
(Delhi)
Reserve Bank of India (Mortgage Guarantee Companies) Amendment
Directions, 2026
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12
Mar
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RBI/2025-26/228
(Delhi)
Reserve Bank of India (Housing Finance Companies) Amendment Directions,
2026
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12
Mar
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RBI/2025-26/226
(Delhi)
Reserve Bank of India (Non-Banking Financial Companies – Prudential Norms
on Capital Adequacy) Second Amendment Directions, 2026
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12
Mar
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RBI/2025-26/227
(Delhi)
Reserve Bank of India (Non-Banking Financial Companies - Concentration
Risk Management) Second Amendment Directions, 2026
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12
Mar
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RBI/2025-26/229
(Delhi)
Reserve Bank of India (Core Investment Companies) Amendment Directions,
2026
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INDIAN ECONOMY
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Conflict in West Asia, if prolonged, could pose a downside risk to India's economic outlook due to its impact on crude oil and commodity prices, according to a report by Crisil Intelligence.
In its base case, the report expects India's real GDP growth to moderate to 7.1 per cent in FY27, which is still hea...
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The ongoing conflict in West Asia, combined with supply-chain disruptions and rising crude oil prices, could shave 15–40 basis points (bps) off India’s economic growth in the next financial year, economists said, while also warning that inflation could accelerate if tensions persist for several weeks.
Econ...
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In June 2024, at Rome’s Augustan Altar of Peace, the Ara Pacis, I launched the Indo-Mediterranean Initiative under the leadership of Senator Giulio Terzi di Sant’Agata. On that occasion Ameya Prabhu, then President of the Indian Chamber of Commerce, distilled the entire geopolitical moment into a single line....
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Amid supply chain disruptions stemming from the US-Israel conflict with Iran, economists expect limited impact on headline retail inflation in the near term. However, they warn that the impact will be felt promptly in wholesale inflation.
The recent surge in Brent crude prices has raised concerns about imp...
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The Centre has decided to keep the inflation target unchanged at 4%, with a tolerance band of two percentage points on either side, for the Monetary Policy Committee of the Reserve Bank of India for the next five years. A senior official confirmed this decision, noting that a formal notification is expected l...
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A sustained surge in crude oil prices amid the US-Israel-Iran conflict could shave off more than 50 basis points from India’s gross domestic product (GDP) growth in FY27, economists warned on Wednesday. The Economic Survey 2025-26 projected real GDP growth for FY27 at 6.8–7.2%.
Brent rose to $91.37 per bar...
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On Wednesday, the Trump administration said it is opening two new trade investigations. One will look at excess industrial capacity in 16 major trading partners, including India. The other will examine the use of forced labour. This move comes after the US Supreme Court struck down much of Trump’s earlier tar...
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MARKET & FINANCE
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India’s proposed changes to the Press Note 3(PN3) rules may have an unexpected beneficiary: large institutional funds from the US and EU. This could translate into significantly higher FDI flows into India.
PN3 restricted Chinese entities from making FDI investments into India under the automatic route and...
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Indian government bonds fell early Thursday, wiping out gains from the previous two sessions as a sharp spike in oil prices and a slump in U.S. Treasuries triggered a selloff, with traders hoping for central bank support to limit losses. The benchmark Brent crude contract topped $100 per barrel after Iran dro...
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Foreign portfolio investors (FPIs) have turned net sellers in March, withdrawing $4.4 billion or Rs 40,217 crore in the first seven trading sessions of the month till March 11 – the highest outflows in 13 months. The sell-off comes on the back of FPIs turning net buyers in February of $1.7 billion or Rs 27,42...
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The FII outflows continue to be one lingering concern for the Indian markets. The FIIs continue to be net sellers. The latest FII-DII data indicates that foreign institutional investors have net sold equities worth nearly Rs 40,000 crore in March so far. This is nearly as much as they net sold in the entire J...
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GLOBAL CORPORATE
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Iran shipped millions of barrels of crude oil, all to China, through the Strait of Hormuz despite escalating tensions in the region following the outbreak of the US-Israel war with Iran on February 28, which has disrupted broader maritime traffic through the key energy corridor.
At least 11.7 million barre...
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China on Thursday ordered its refiners to immediately halt exports of refined fuel for March in a bid to manage potential domestic shortages triggered by the escalating Middle East conflict, Reuters reported citing sources.
The directive was issued by the National Development and Reform Commission (NDRC) a...
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The Pentagon has told its senior leaders that use of Anthropic's AI tools may continue beyond a previously announced six-month phase-out period if deemed critical to national security, according to an internal memo seen by Reuters.
The memo is dated March 6 and signed by Pentagon Chief Information Officer ...
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Honda Motor revised down its earnings forecast to a loss of 420 billion yen to 690 billion yen ($2.6 billion to $4.3 billion) in the financial year ending this month due to reassessment of its electrification strategy, it said on Thursday.
The Japanese carmaker cancelled development and market launches of ...
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Banking
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India’s banking sector is in the middle of a massive transformation. This time, the trigger is not a crisis, but reforms, led by the Reserve Bank of India (RBI). The central bank’s decision to allow UAE’s NBD to acquire a controlling stake in RBL Bank, and the entry of Japan’s SMBC into YES Bank, are unpreced...
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Public sector banks (PSBs) continued to outpace private sector peers in credit growth in the December quarter of FY26, with loan growth of around 17-28% year-on-year, compared with 11-16% for private banks. As a result, PSBs' market share in loans rose to 54.4% at the end of December 2025, up from 53.11% a ye...
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GLOBAL ECONOMY
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A rise in energy prices from the war in Iran and the United States' "erratic" trade policies are expected to dampen Germany's economic recovery only slightly this year, Germany economic research institute DIW said on Wednesday.
...
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The Russian government is preparing a possible 10% cut to all "non-sensitive" spending in this year's budget, sources told Reuters, but the final decision will hinge on the sustainability of the oil price rise triggered by the Ira...
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The post-pandemic spike in inflation has left scars on companies and consumers, which now know that prices can rise fast and settle at a higher level, ECB policymaker Isabel Schnabel said on Wednesday.
"These are certain scars ...
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The U.S. budget deficit for February was nearly flat with a year earlier at $308 billion as growth in receipts and outlays was largely even, with receipts from President Donald Trump's tariffs not yet reflecting the U.S. Supreme C...
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INDIAN CORPORATE
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Fair trade regulator CCI on Wednesday dismissed a complaint alleging abuse of market dominance by InterGlobe Aviation and Air India.
The complainant alleged that the domestic carriers were maintaining unconscionable and illegal...
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India is drafting a new round of smartphone manufacturing incentives that would link government subsidies to exports and deeper use of locally made components, in a move that will benefit Apple Inc., Samsung Electronics Co. and th...
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Global rating agencies noted that public sector oil marketing companies, Indian Oil, Bharat Petroleum, and Hindustan Petroleum, are under pressure due to rising global crude oil and gas prices, limited domestic fuel price pass-thr...
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COMMERCIAL LAW
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India will offer faster approvals for investments involving minority Chinese stakes across a wider range of sectors, a Reuters report said, quoting Industry Secretary Amardeep Singh Bhatia
The report stated that India has ease...
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GST
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Businesses that have recently obtained a goods and services tax (GST) registration should ensure that their registered business address is correct and accessible. Tax experts warn that GST registrations may be suspended if the physical "welcome kit" sent by the tax department is returned undelivered.
“In m...
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The Bombay High Court on Tuesday quashed the seizure of Rs 1 crore by officers of the Directorate General of GST Intelligence (DGGI) from a businesswoman’s residence, holding that GST authorities have no power under the Central Goods and Services Tax (CGST) Act to seize cash.
A division bench of Justices G...
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SEBI
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Sebi chairman Tuhin Kanta Pandey has advised the nearly Rs 16 trillion (commitments) alternative investment funds (AIFs) industry to look at real opportunities for growth by investing in innovation-led sectors, emerging businesses...
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Insolvency
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The Union Cabinet on Tuesday approved changes in the Insolvency and Bankruptcy Code (IBC), 2015 that will significantly reduce the resolution timelines, and pave the way for structural reforms in the decade-old law. An official to...
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