|
|
| IMC has enhanced its digital systems to incorporate new online features. To explore these updated processes, please visit our website: https://www.imcnet.org
|
|
|
| |
|
CUSTOMS
|
|
5
Mar
|
Notification No. 24/2026
(Delhi)
S.O. … (E).– In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962
|
|
|
|
|
5
Mar
|
Circular No. 08/2026
(Delhi)
Extension of Deferred Payment of Customs Duty benefits to
‘Eligible Manufacturer Importer’ (EMI) – reg.
|
|
|
RBI
|
|
5
Mar
|
RBI/DoR/2025-26/224
(Delhi)
Reserve Bank of India (Non-Banking Financial Companies – Miscellaneous)
Amendment Directions, 2026
|
|
|
|
|
5
Mar
|
RBI/2025-26/225
(Delhi)
Implementation of Section 51A of UAPA,1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List: Delisting of 01 entry
|
|
|
|
|
 |
|
|
INDIAN ECONOMY
|
|
|
The Union government appears poised to meet or even surpass the revised estimate for gross tax revenues (GTR) for the current financial year, going by the data till January-end.
Collections for the April-January period showed positive momentum, with GTR registering an impressive 8.6% year-on-year (YoY) gro...
Read More
|
|
Ahead of the India-UK Comprehensive Economic and Trade Agreement (CETA) expected to come into force next month, the government is concerned about the West Asia crisis being a dampener on India’s exports to the nation as vessels reroute away from the Suez Canal and the Bab el-Mandeb Strait, an official said.
...
Read More
|
|
India's services sector growth slowed in February as new business rose at its slowest pace in over a year and firms faced the steepest cost pressures in two-and-a-half years, a survey showed.
The HSBC India Services Purchasing Managers' Index, compiled by S&P Global, fell to 58.1 in February from January's...
Read More
|
|
Conflict in the Middle East poses some immediate-term challenges for the Indian economy but is unlikely to dent long-term economic growth momentum, an external member of the RBI's rate-setting panel has said.
Going forward, there is a need for fiscal and monetary policies to work in a coordinated manner to...
Read More
|
|
To boost post-harvest facilities like farm gate storage and logistics infrastructure, the Centre has approved proposals worth over Rs 83,528 crore under the Agriculture Infrastructure Fund (AIF) for over 1.65 lakh projects since its launch in 2020.
Sources told FE that these sanctioned projects have mobili...
Read More
|
|
India stands at a precarious crossroads as rising crude prices threaten to inflate the national import bill and stretch the government’s fiscal capacity.
According to a detailed analysis by Nomura, India is now among the most susceptible economies in Asia to energy shocks, alongside Thailand and South Kor...
Read More
|
|
Nearly 24 million barrels of Russian crude oil are currently floating in the Arabian Sea, emerging as a strategic cushion for India as escalating Iran-Israel hostilities — with the United States increasingly drawn into the conflict — disrupt tanker movement through the Strait of Hormuz and rattle global oil m...
Read More
|
|
|
MARKET & FINANCE
|
|
|
Indian government bonds rose early on Thursday as likely central bank intervention in the debt and FX markets supported sentiment, even as escalating Middle East conflict, higher oil prices and macro worries curbed risk appetite.
Clearing house data showed an investor category comprising insurers, pension ...
Read More
|
|
India’s fintech boom has some very interesting aspects. The most important one being that there isn’t one super app.
Instead of one platform controlling multiple financial services, the country’s fintech ecosystem is now dominated by five category leaders -PhonePe, Google Pay, Paytm, PolicyBazaar and Grow...
Read More
|
|
More entities are exploring fundraising opportunities through Gujarat International Finance Tec-City (GIFT City) treasury centres to benefit from the tax advantage. Certain companies are also in discussions to set up treasury centres in GIFT City to capitalise on this opportunity.
Adani Transmission Step-...
Read More
|
|
|
GLOBAL CORPORATE
|
|
|
Companies in the United States and Australia, two of the top global liquefied natural gas producers, have little spare capacity to offset lost supply after Qatar halted production and declared force majeure on shipments due to the conflict in the Middle East, according to Reuters calculations and industry ana...
Read More
|
|
Investment banking giant Morgan Stanley has laid off about 3% of its workforce, or roughly 2,500 employees, across all divisions, a person familiar with the matter told Reuters on Wednesday.
The job cuts were across the bank's three major divisions, investment banking and trading, wealth management and inv...
Read More
|
|
South Korea's chip industry is concerned that a prolonged Iranian crisis will disrupt supplies of key materials from the Middle East and increase chip prices as a result of a spike in energy costs, a ruling party lawmaker said on Thursday.
The chip industry also said the crisis could deal a setback to plan...
Read More
|
|
China said on Thursday it would inject 300 billion yuan ($44 billion) into state-owned banks this year to guard against systemic risks, and boost financing for technology companies amid intensifying U.S. rivalry.
The measures were outlined in the annual government work report released at the opening sessio...
Read More
|
|
Artificial intelligence startup OpenAI topped $25 billion in annualized revenue as of the end of last month, The Information reported on Wednesday, citing a person familiar with the figure.
This is a 17% increase from the $21.4 billion in annualized revenue that the company generated at the end of the year...
Read More
|
|
Euro zone banks face only a limited direct impact from the war in Iran, but the larger danger lies in how a weakened economy might feed back into lenders’ balance sheets, a senior European Central Bank supervisor told Reuters.
In a wide-ranging interview, Pedro Machado addressed concerns stretching from Mi...
Read More
|
|
Every day, around 80 oil and gas tankers typically pass through the Strait of Hormuz, the narrow waterway off Iran's southern coast that carries a fifth of the world's oil and a significant amount of natural gas.
On Monday, just two oil and gas tankers appear to have crossed the strait, according to a New ...
Read More
|
|
China's government has urged companies to suspend signing new contracts to export refined fuel, and to try and cancel shipments already committed, several industry and trade sources with knowledge of the matter said on Thursday.
The call does not apply to jet fuel refuelling for international flights, bond...
Read More
|
|
US Treasury Secretary Scott Bessent claimed on Wednesday that the world would face yet another tariff hike ‘this week’. President Donald Trump had announced a 15% global levy last month after the Supreme Court struck down his sweeping ‘reciprocal tariffs’. Bessent also predicted that the rates would return to...
Read More
|
|
|
|
|
|
|
|
|
Banking
|
|
|
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...
Read More
|
|
|
|
|
|
|
|
|
Custom
|
|
|
The Central Government has introduced the Baggage Rules, 2026, along with the New Customs Baggage (Declaration and Processing) Regulations, 2026 and a Master Circular. These updates are designed to make travel easier, faster, and more transparent for international passengers.
“These rules are designed to m...
Read More
|
|
|
|
|
GLOBAL ECONOMY
|
|
|
|
Italy's economy grew by 0.3% in the fourth quarter of last year from the previous three months thanks to inventory accumulation and firm investments, national statistics bureau ISTAT said on Wednesday, confirming a previous printo...
Read More
|
|
Hong Kong's retail sales in January rose 5.5% by value from a year earlier for a ninth month of gains, government data showed on Wednesday, as the momentum of economic recovery continued in the new year.
Sales increased to HK$3...
Read More
|
|
South African business confidence climbed 3 points in the first quarter, helped by a stable government, supportive interest rate environment and foreign exchange rate tailwinds, a survey published on Wednesday showed, while warnin...
Read More
|
|
Europe's decades-old economic model, which has relied heavily on an expanding workforce, is coming to an end, the chairman of euro zone finance ministers said on Wednesday, pointing to the need to mobilise savings to finance inves...
Read More
|
|
Venezuela's economy grew 7.07% in the fourth quarter from a year earlier, the central bank said on Wednesday, reporting a 19th consecutive quarter of growth even as analysts estimate far lower expansion and triple-digit inflation....
Read More
|
|
Canada's services economy contracted for a fourth straight month in February as an uncertain trading environment contributed to declines in activity and new business, S&P Global's Canada services PMI data showed on Wednesday.
T...
Read More
|
|
The U.S. services sector activity surged to more than a 3-1/2-year high in February amid strong demand, consistent with hopes for an acceleration in economic growth this quarter, but war in the Middle East poses a downside risk to...
Read More
|
|
China set its 2026 economic growth target at 4.5%-5% on Thursday, slightly lower than the 5% pace achieved last year, signalling room for greater, albeit not decisive, measures to address industrial overcapacity and rebalance the ...
Read More
|
|
China's political elite gathered in Beijing on Thursday as President Xi Jinping unveiled a sweeping roadmap for the country’s economic and political future, delivered against a backdrop of sharpening tech competition with Washingt...
Read More
|
|
Chinese banks, flush with low-cost funds, are reshaping parts of the global loan market, underscoring how deflationary pressures in the world’s second-largest economy are increasingly influencing competition with international len...
Read More
|
|
A US trade court has ruled that businesses that paid certain tariffs under US President Donald Trump are entitled to refunds, after those levies were struck down by the Supreme Court last month, the BBC reported. The decision dire...
Read More
|
|
|
INDIAN CORPORATE
|
|
|
Hindustan Zinc Limited has signed a memorandum of understanding (MoU) with Virginia Tech to advance research aimed at improving silver recovery across its lead–zinc concentrator operations.
In an exchange filing on Thursday, ...
Read More
|
|
Tata Consumer is positioning itself for a sharper, distribution-led growth as it goes for a sweeping revamp of its go-to-market (GTM) model amid rural demand outpacing urban and e-commerce contributing a fifth of sales, president ...
Read More
|
|
Infosys and Intel on Tuesday announced a strategic partnership aimed at helping enterprises move artificial intelligence initiatives from pilot stages to scaled production deployments.
The collaboration will combine Intel’s hig...
Read More
|
|
Tyre major MRF will invest Rs 5,300 crore to set up a greenfield manufacturing facility for automotive tyres and allied products at the SIPCOT Industrial Park in Sivaganga district of Tamil Nadu. The investment, to be made over 12...
Read More
|
|
|
|
|
|
|
GST
|
|
|
Non-alcoholic beverages such as mojito, rose lemonade, cucumber mint will attract 40 per cent GST, West Bengal’s Authority for Advance Ruling has said. However, iced tea preparation & extracts, essences and concentrates of tea, along with syrups and beverage concentrates, will be taxed at 5 per cent.
“Read...
Read More
|
|
|
|
|
|
|
|
|
|
|
|
|
IMC Chamber of Commerce and Industry has sent this e-mail to you because your subscription preferences indicate that you want to receive latest news alerts on this email ID. For suggestions and feedback news alerts on this email ID. For suggestions and feedback click here .
|
|
|
|
|
|