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| IMC has enhanced its digital systems to incorporate new online features. To explore these updated processes, please visit our website: https://www.imcnet.org
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RBI
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8
Jun
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RBI/2026-27/98
(Delhi)
Submission of statement/return on Centralized Information Management System (CIMS)
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8
Jun
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RBI/2026-27/96
(Delhi)
Formation of new district in the State of Assam – Assignment of Lead Bank Responsibility
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8
Jun
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RBI/2026-27/97
(Delhi)
Investments by Foreign Portfolio Investors in Government Securities – Amendments to the regulatory framework
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8
Jun
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Notification No. FEMA 23
(Delhi)
Foreign Exchange Management (Export of Goods and Services) (First Amendment) Regulations, 2026
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INDIAN ECONOMY
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India's GDP is likely to grow at 6.6 per cent in the current fiscal as compared to 7.7 per cent in FY26, on weaker investments and consumption growth and trade shocks from the West Asia crisis, BMI, a Fitch group company, said.
According to government data released last week, GDP growth in FY26 accelerated...
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Private sector investment is showing signs of revival, with companies increasingly borrowing for expansion and infrastructure projects, Punjab National Bank (PNB) Chairman and Managing Director (CMD) Ashok Chandra said, stressing that the private sector has started "reposing faith" in the economy.
In an ex...
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With state-run oil marketing companies (OMCs) losing an estimated Rs 690 on every domestic LPG cylinder sold — translating into nearly Rs 1.38 lakh crore annually — the Centre has launched a nationwide push to shift households from LPG to piped natural gas (PNG) in areas where city gas infrastructure is alrea...
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The National Capital Region (NCR) is set for a major urban transformation under the proposed Regional Plan 2041, which seeks to develop up to eight new smart townships and establish a high-speed transport network that would allow commuters to travel between Delhi and major NCR cities within 30 minutes.
The...
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MARKET & FINANCE
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As global investors gravitate towards markets, such as South Korea and Taiwan, Indian equities have slipped down the pecking order.
The gloom around India is more about relative growth than absolute growth, says Ridham Desai, managing director and chief equity strategist India, Morgan Stanley....
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Foreign investors pulled nearly $27 billion net from emerging market portfolios in May, partially reversing a rebound in April as equity selling in Asia overwhelmed debt inflows, data from a banking trade group showed on Wednesday.
Non-resident investors withdrew a net $26.6 billion from emerging bonds and...
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The mutual fund SIP stoppage ratio has dropped to 95% in May against a stoppage ratio of over 100% for two consecutive months. In April, the SIP stoppage ratio was 101.14% whereas in March was 101.06%.
The latest reading indicates that more mutual fund SIPs were registered than those stopped or whose tenur...
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The rapid expansion of artificial intelligence is reshaping global credit markets as technology companies seek new ways to fund massive investments in data centers, chips and computing infrastructure. Morgan Stanley expects AI-related global debt issuance to more than double and reach nearly $570 billion in 2...
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GLOBAL CORPORATE
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U.S. access to critical minerals from China remains difficult due to export controls and licensing delays, a U.S. business lobby said on Wednesday, with Beijing's restrictions driving three-quarters of impacted companies to search for new supplies.
Introduced in April 2025 in retaliation for U.S. Presiden...
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Chinese electric vehicle maker BYD is looking to take over an existing factory in southern Europe for its second assembly plant on the continent, with Spain among the countries on its shortlist, a top executive said on Wednesday.
"We would prefer to take over an existing plant," executive vice president St...
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The European Central Bank is all but certain to raise interest rates on Thursday in the hope of nipping higher inflation in the bud before a surge in energy costs triggered by the Iran war spreads more broadly across the euro zone economy.
The well-telegraphed move would come as inflation in the 21-country...
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Barely a week after Nvidia-backed chipmaker Coherent warned of a shortage of indium phosphide in an earnings call in early May, its CEO Jim Anderson was on a plane with a U.S. business delegation accompanying President Donald Trump on his trip to China.
Anderson's visit was partly to raise the issue of del...
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RBI
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The Reserve Bank has issued final amendment directions permitting commercial banks to lend to Real Estate Investment Trusts and InvITs, while retaining key prudential safeguards on exposure limits, asset quality, and repayment structures.
The final directions were issued after incorporating feedback receiv...
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Banking
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The asset quality of Indian banks is expected to further improve over the next year, providing cushion against pressure on margins, liquidity and credit growth arising from geopolitical tensions and broader macroeconomic uncertainties.
According to consensus estimates compiled by S&P Global Market Intellig...
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A day after the Reserve Bank of India (RBI) released the final contours of its foreign currency non-resident bank [FCNR(B)] deposit scheme, banks have started offering rates ranging from 5% to over 7%. The higher returns reflect the central bank’s decision to exempt incremental FCNR(B) deposits from cash rese...
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GLOBAL ECONOMY
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Germany's economy is likely to slip into a technical recession this year as an energy price shock triggered by the war in Iran derails a fragile recovery, the DIW economic institute said on Wednesday, cutting its 2026 growth forec...
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Italian industrial output unexpectedly rose in April from the previous month, data showed on Wednesday, posting a 0.5% increase that marked the third gain in a row for a manufacturing sector showing signs of emerging from a long-...
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Russian President Vladimir Putin told top officials on Wednesday that there are grounds to expect a cut in the central bank's key interest rate when it meets next week, and praised the monetary policy of central bank chief Elvira ...
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Mexico's financial system remains solid and can handle adverse situations, the central bank said on Wednesday, while highlighting geopolitical conflicts as issues to monitor.
Risks in the system have increased marginally since ...
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Japanese business sentiment soured in April-June for the first time in four quarters, a government survey showed on Thursday, a sign of growing economic pain from the Middle East conflict.
An index measuring big companies' sent...
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The United States has become the world's largest oil exporter, upending a decades-old order long dominated by Saudi Arabia and Russia, a shift that tightens American companies' grip on energy markets as Washington's war with Iran ...
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The Bureau of Labor Statistics has released the US Consumer Price Index (CPI) data for May, offering insights into how inflationary pressures have moved across food, shelter, and other areas of the economy.
The annual inflation...
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INDIAN CORPORATE
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Hindustan Zinc has signed a Memorandum of Understanding (MoU) with Sulfozyme Agro India under its flagship Zinc Industrial Park initiative at Khankhala in Rajasthan’s Bhilwara district.
The partnership aims to strengthen India’...
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Meta Platforms has expanded its renewable energy partnership with Clean Max Enviro Energy Solutions Ltd beyond 900 MW, backing 837 MW of new solar and wind capacity across Rajasthan and Karnataka in one of the largest clean energy...
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Electric vehicle company Omega Seiki Mobility (OSM) has partnered with Honda Power Pack Energy India, a subsidiary of Honda Motor Co., to develop swappable battery technology. Honda Power plans to establish 250 battery swapping st...
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US-based IT services firm Cognizant expects an AI-driven system that analyses employee and customer interactions to generate as much as $1 billion in incremental business pipeline by the end of this year, after already creating ab...
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The big news at this hour – TCS and Anthropic have launched Global Premier Partnership to drive Enterprise AI scaling. The IT sector major, Tata Consultancy Services (TCS), is partnering Anthropic, the artificial intelligence comp...
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COMMERCIAL LAW
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India attracted cumulative Foreign Direct Investment (FDI) inflows of USD 843 billion between 2014-15 and 2025-26, registering a 169 per cent increase over the preceding 12-year period, a commerce and industry ministry official sa...
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India's total outward foreign direct investment commitments declined 49.02 per cent month-on-month to USD 4.49 billion in May 2026 from USD 8.84 billion, mainly due to lower equity investments, loans, and guarantees issued by Indi...
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GST
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Reference is invited to the GSTN Advisory dated 20.05.2026, wherein it was informed that the following functionalities would be implemented in the E-Way Bill system with effect from 15th June, 2026:
1. Mandatory capture of "Ship To GSTIN" in Bill-To/Ship-To transactions; and
2. Voluntary Closure of E-Way ...
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