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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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Indirect Taxes
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13
May
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Notification No. 43/2026
(Delhi)
Amendment in the Notification No. 63/1994-Customs (N.T) dated 21.11.1994 in respect of Land Customs Station, Samrang
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RBI
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22
May
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RBI/2026-27/90
(Delhi)
Reserve Bank of India (Commercial Banks – Prudential Norms on Capital
Adequacy) Sixth Amendment Directions, 2026
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22
May
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RBI/2026-27/91
(Delhi)
Reserve Bank of India (Commercial Banks – Financial Statements:
Presentation and Disclosures) Sixth Amendment Directions, 2026
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22
May
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RBI/2026-27/83
(Delhi)
Reserve Bank of India (Commercial Banks - Classification, Valuation, and
Operation of Investment Portfolio) Second Amendment Directions, 2026
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22
May
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RBI/2026-27/84
(Delhi)
Reserve Bank of India (Small Finance Banks - Classification, Valuation, and
Operation of Investment Portfolio) Amendment Directions, 2026
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22
May
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RBI/2026-27/85
(Delhi)
Reserve Bank of India (Payments Banks - Classification, Valuation, and
Operation of Investment Portfolio) Amendment Directions, 2026
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22
May
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RBI/2026-27/92
(Delhi)
Reserve Bank of India (Local Area Banks – Financial Statements: Presentation
and Disclosures) Third Amendment Directions, 2026
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22
May
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RBI/2026-27/86
(Delhi)
Reserve Bank of India (Local Area Banks - Classification, Valuation, and
Operation of Investment Portfolio) Amendment Directions, 2026
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22
May
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RBI/2026-27/87
(Delhi)
Reserve Bank of India (Urban Co-operative Banks – Classification, Valuation,
and Operation of Investment Portfolio) Amendment Directions, 2026
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22
May
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RBI/2026-27/88
(Delhi)
Reserve Bank of India (Rural Co-operative Banks – Classification, Valuation, and
Operation of Investment Portfolio) Amendment Directions, 2026
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22
May
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RBI/2026-27/89
(Delhi)
Reserve Bank of India (Regional Rural Banks - Classification, Valuation, and
Operation of Investment Portfolio) Amendment Directions, 2026
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18
May
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RBI/2026-27/73
(Delhi)
Reserve Bank of India (All India Financial Institutions – Income Recognition,
Asset Classification and Provisioning) Amendment Directions, 2026
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18
May
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RBI/2026-27/75
(Delhi)
Reserve Bank of India (All India Financial Institutions – Credit Risk
Management) Second Amendment Directions, 2026
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18
May
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RBI/2026-27/67
(Delhi)
Reserve Bank of India (Rural Cooperative Banks – Credit Risk Management)
Second Amendment Directions, 2026
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18
May
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RBI/2026-27/68
(Delhi)
Reserve Bank of India (Non-Banking Financial Companies – Resolution of
Stressed Assets) Amendment Directions, 2026
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18
May
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RBI/2026-27/69
(Delhi)
Reserve Bank of India (Non-Banking Financial Companies – Income
Recognition, Asset Classification and Provisioning) Amendment Directions,
2026
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18
May
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RBI/2026-27/76
(Delhi)
Reserve Bank of India (Relief Measures by Banks in Areas affected by Natural
Calamities) Directions 2018 – SCBs Repeal Directions, 2026
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18
May
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RBI/DGBA/2026-27/399
(Delhi)
Reserve Bank of India [Disbursement of Government Pension by Agency Banks
(ABs)] Directions, 2026
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18
May
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RBI/DGBA/2026-27/400
(Delhi)
Reserve Bank of India [Conduct of Government Business by Agency Banks
(ABs) – Payment of Agency Commission and Oversight of ABs] Directions, 2026
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18
May
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RBI/2026-27/77
(Delhi)
Reserve Bank of India (Relief Measures by Banks in Areas affected by Natural
Calamities) Directions 2018 – RRBs Repeal Directions, 2026
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18
May
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FEMA 401/2026-RB
(Delhi)
Foreign Exchange Management (Authorised Persons) Regulations, 2026
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18
May
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RBI/2026-27/78
(Delhi)
Issuance of Foreign Exchange Management (Authorised Persons) Regulations, 2026
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18
May
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RBI/2026-27/79
(Delhi)
Reserve Bank of India (Commercial Banks - Prudential Norms on Capital
Adequacy) Fifth Amendment Directions, 2026
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18
May
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RBI/2026-27/80
(Delhi)
Reserve Bank of India (Small Finance Banks - Prudential Norms on Capital
Adequacy) Fourth Amendment Directions, 2026
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18
May
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RBI/2026-27/82
(Delhi)
Operating framework for facilitating Outward Remittance services by nonbank entities through Authorized Dealer (Category I) banks in India
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18
May
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RBI/2026-27/66
(Delhi)
Reserve Bank of India (Rural Cooperative Banks – Responsible Business
Conduct) Amendment Directions, 2026
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18
May
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RBI/2026-27/74
(Delhi)
Reserve Bank of India (All India Financial Institutions – Responsible Business
Conduct) Amendment Directions, 2026
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18
May
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RBI/2026-27/63
(Delhi)
Reserve Bank of India (Regional Rural Banks – Credit Risk Management)
Second Amendment Directions, 2026
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18
May
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RBI/2026-27/64
(Delhi)
Reserve Bank of India (Rural Cooperative Banks – Resolution of Stressed
Assets) Amendment Directions, 2026
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18
May
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RBI/2026-27/71
(Delhi)
Reserve Bank of India (Non-Banking Financial Companies – Credit Risk
Management) Second Amendment Directions, 2026
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18
May
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RBI/2026-27/81
(Delhi)
Reserve Bank of India (Payments Banks - Prudential Norms on Capital
Adequacy) Second Amendment Directions, 2026
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18
May
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RBI/2026-27/65
(Delhi)
Reserve Bank of India (Rural Cooperative Banks – Income Recognition, Asset
Classification and Provisioning) Amendment Directions, 2026
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18
May
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RBI/2026-27/70
(Delhi)
Reserve Bank of India (Non-Banking Financial Companies – Responsible
Business Conduct) Amendment Directions, 2026
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INDIAN ECONOMY
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Furthermore, as per the company, the Aashirvaad staples franchise sustained strong growth. Value-added variants and staples adjacencies have now grown roughly 1.7 times over two years and account for about 16% of the Aashirvaad staples portfolio.
ITC‘s branded packaged foods business delivered one of its str...
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The retail fuel price hike of Rs 3 per litre has been implemented to reduce the losses incurred by oil marketing companies (OMCs) due to unchanged fuel prices amidst rising Brent crude prices. While consumer price inflation shows an immediate upward trend, the SBI research report Ecowrap, suggests that "there...
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Commerce and Industry Minister Piyush Goyal on Thursday said investment commitments from American companies in the last six months are estimated to exceed USD 60 billion, including major data centre investments by firms such as Amazon and Google.
He said India provides a trusted framework for global compan...
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The war in the Middle East is squeezing two pillars of Indian employment, forcing Gulf-based workers home and crushing demand for the country's manufactured exports, from leather goods to glassware.
For decades, work in the Middle East and global demand for labour-intensive manufacturing in sectors such as...
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India's central bank does not see interest rate hikes as the best way to defend the embattled rupee, three sources said, a position at odds with markets, reinforcing that inflation - not the currency - will guide policy on borrowing costs.
The Reserve Bank of India has other levers it has yet to deploy, ac...
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The rupee has been undergoing intense pressure due to a prolonged geopolitical stalemate in the Middle East that has driven up global crude oil prices. After slumping to an all-time closing low of 96.96 against the US dollar on Thursday, the currency staged a brief recovery to end at 96.36 following central b...
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The unincorporated non-agricultural sector recorded a notable 15.5% year-on-year growth in employment during the January-March quarter of 2026 compared with the corresponding quarter of 2025. The surge was primarily driven by the “Other Services” sector, which posted more than 31% YoY employment growth, accor...
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After taking a series of steps to curb precious metal imports, the government is now set to announce more measures to prevent the current account from running into a big deficit.
“Several steps are under consideration. Various arms of government are working as a team. The situation is globally quite challe...
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Chairman of the 16th Finance Commission and former NITI Aayog Vice-Chairman Arvind Panagariya has called on the Reserve Bank of India to allow the rupee to depreciate gradually instead of supporting it through artificial measures. His argument comes as the rupee approached historic lows and the one-year forwa...
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With the West Asia crisis and the blockade of the Strait of Hormuz putting pressure on energy supplies, Prime Minister Narendra Modi on Thursday (May 21) asked the Council of Ministers to urgently explore alternative energy sources, including a stronger push for biogas as a substitute for Liquefied Petroleum ...
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MARKET & FINANCE
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The Reserve Bank of India (RBI) sold an estimated $2 billion to $3 billion on Thursday to defend the rupee against sustained pressure, and stepped in again on Friday, helping the currency strengthen past the 96-per-dollar mark, according to bankers cited by Reuters.
The rupee rose 0.64 per cent to close at 9...
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The Capital Group, one of the world’s largest investment management firms, has been increasing its exposure to Adani Group companies while steadily paring holdings in Reliance Industries Ltd., marking a shift in foreign investor preference between India’s biggest conglomerates.
The Los Angeles-based money ...
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The Indian rupee rebounded sharply on Thursday after hitting successive record lows in recent days, supported by strong intervention from the Reserve Bank of India (RBI). The currency ended at 96.20 against the dollar, up 62 paise from the previous close, according to Bloomberg.
The move comes at a time w...
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GLOBAL CORPORATE
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Advanced Micro Devices is working with Taiwan partners to ramp up production capacity as stronger-than-expected demand squeezes the global CPU market, CEO Lisa Su said on Friday.
Speaking in Taipei after a visit to China, Su said she had met AMD's largest customers in China and globally and came to Taiwan...
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Banking
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The Supreme Court has said banks like State Bank of India are "casual" while sanctioning massive loans to big corporate entities, but impose "stringent conditions and tedious process" amounting to "borderline harassment" on ordinary citizens seeking small loans for personal reasons.
Expressing its displeas...
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GLOBAL ECONOMY
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S&P Global has released the May flash Purchasing Managers’ Indices (PMIs) for the United States, which are viewed as early indicators of the country’s economic health.
The S&P Global US Composite PMI remained stable at 51.7 in ...
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A closure of the Strait of Hormuz through August raises the risk of an economic downturn that comes close to the scale of the Great Recession in 2008, according to Rapidan Energy Group.
The advisory firm’s base case assumes the...
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Fewer Americans filed for jobless aid last week as layoffs remain low despite a number of uncertainties that continue to cloud the economy.
U.S. applications for unemployment benefits for the week ending May 16 fell by 3,000 to...
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The German economy grew by 0.3% in the first quarter of 2026 compared with the previous quarter, the statistics office said on Friday, confirming its preliminary reading.
Exports rose considerably at the start of the year, help...
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Britain's public finances showed the biggest shortfall since the COVID-19 pandemic in April in what could be an early taste of the budget hit facing finance minister Rachel Reeves caused by the Iran war.
Borrowing during the mo...
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British retail sales fell by the most in nearly a year in April as fuel sales plummeted, according to official figures published on Friday that added to signs of waning consumer spending against the backdrop of the Iran war and ri...
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European Economy Commissioner Valdis Dombrovskis said on Friday that it is clear the European Central Bank will need to react to rising inflation.
"So it's clear that the ECB will help to respond to the increase in inflation. S...
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The Reserve Bank of New Zealand is expected to keep its key policy rate unchanged on Wednesday but a slim majority of economists in a Reuters poll now forecast one or more hikes by end-September as a global energy shock threatens ...
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Japanese Finance Minister Satsuki Katayama said on Friday the government will seek to avoid overly relying on new debt issuance if it were to compile an extra budget.
Prime Minister Sanae Takaichi said on Monday she had asked h...
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Japan's annual core inflation slowed to a four-year low in April due to the effect of subsidies on fuel and education, data showed on Friday, though analysts expect surging fuel costs from the Middle East war to accelerate price g...
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Euro zone consumer confidence rose by 1.6 points in May from the April number, figures released on Thursday showed.
The European Commission said a flash estimate showed euro zone consumer morale increased to -19.0 this month fr...
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The average long-term US mortgage rate climbed this week to its highest level in nearly nine months, raising borrowing costs for homebuyers during what is traditionally the busiest season for the housing market, AP reported....
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INDIAN CORPORATE
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LIC reported a 19.3% rise in standalone profit after tax to Rs 57,419 crore for FY26, with a 41.6% surge in value of new business, reflecting improved product mix and steady premium growth.
The insurer's total premium income ros...
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Suzlon on Friday said it has secured a repeat order of 195 MW from Sunsure Energy, taking the total sales of its 3MW platform to nearly 9 GW.
This milestone reflects strong and sustained market adoption of the Suzlon 3X platfo...
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JSW Cement reported a tenfold profit growth in the fourth quarter of FY26. The company posted a consolidated net profit of Rs 371 crore in Q4 FY26. Its net profit in Q4 FY25 was at Rs 34 crore.
JSW Cement’s operating EBITDA imp...
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Indian fashion-to-beauty retailer Nykaa reported a net profit of Rs 78.38 crore in Q4FY26, a near four-fold jump from Rs 20.28 crore reported in Q4FY25. In the previous quarter, Q3FY26, the profit stood at Rs 63.31 crore.
Reven...
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Uber and JSW Group have signed a memorandum of understanding (MoU) for the joint co-development and deployment of electric vehicles tailored for India’s ride-hailing market.
The MoU was signed between Parth Jindal of JSW Group ...
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Share price of GAIL is in focus as the Maharatna PSU has recommended a final dividend of Rs 0.50 per equity share, subject to shareholder approval. With the addition of this final dividend, the company’s total dividend payout stan...
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Dalmia Bharat subsidiary, Dalmia Cement (Bharat), has signed a Business Transfer Agreement for the acquisition of cement assets owned by Jaiprakash Associates (JAL).
JAL was recently acquired by the Adani Group through an insol...
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GST
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As part of the ongoing efforts towards strengthening data quality, traceability, and operational efficiency in the E-Way Bill (EWB) system, certain functional enhancements are proposed to be introduced in the EWB portal.
The advisory covers the following proposed changes:
a)Mandatory capture of “Ship-...
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The government is likely to disable the editing option in the monthly summary return form GSTR-3B once the return is auto-populated from GSTR-1 and GSTR-2B.
It aims to improve the monitoring of defaulting suppliers and reduce mismatches in the goods and services tax (GST) system, a top finance ministry off...
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SEBI
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For better price discovery of initial public offerings (IPOs) and re-listing of shares, the Securities and Exchange Board of India (Sebi) has proposed reviewing the price discovery mechanism through the pre-open call auction sessi...
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Insolvency
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The government has notified changes to the Insolvency & Bankruptcy Code, easing rules for resolution in micro, small, and medium enterprises (MSMEs), while tightening conditions to prevent conflicts of interest in pre-packaged ins...
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