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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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28
May
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RBI/2026-27/93
(Delhi)
Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/ 1989 ISIL
(Da'esh) & Al-Qaida Sanctions List: Removal of 7 Entries
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28
May
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RBI/DOR/2026-27/94
(Delhi)
Reserve Bank of India (Urban Co-operative Banks - Governance) Amendment Directions, 2026
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28
May
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RBI/DOR/2026-27/95
(Delhi)
Reserve Bank of India (Rural Co-operative Banks - Governance) 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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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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INDIAN ECONOMY
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Betting big on India, British engineering MNC Rolls-Royce plans to set up a maintenance, repair and overhaul (MRO) unit here for its engines powering aircraft, ranging from regional jets to Airbus A350s. It is open to increase its sourcing multi-fold to over $1 billion in next five years if its plans for the ...
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The Centre is examining concerns over the alleged misuse of the Manufacture and Other Operations in Warehouse Regulations (MOOWR) route by battery energy storage system (BESS) developers to defer customs duties on imported battery systems for up to 10-12 years, amid fears that the mechanism could distort Indi...
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Nearly two crore electricity consumers in West Bengal will be brought under the smart metering programme from July 2026, with the rollout beginning at government offices and campuses before expanding to large consumers and domestic households, Union power minister Manohar Lal said after reviewing the state’s ...
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The India-Oman Comprehensive Economic Partnership Agreement (CEPA) will take effect on Monday, extending zero-duty access on 98% of tariff lines, which cover 99.4% of India’s exports to Oman. In return, India will open up 77% of its tariff lines for Oman, covering 94% of its total exports to India. This is In...
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Chile, which is in the decisive leg of negotiations for CEPA with India, is providing India with major mining opportunities in critical minerals - copper, lithium and cobalt - that would power India's growth, semiconductor industry and green transition.
Chile possesses over 20% of the world's copper reserv...
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India’s manufacturing sector expanded at a faster pace in May, with the HSBC Manufacturing Purchasing Managers’ Index (PMI) rising to 55.0 from 54.7 in April. The growth was supported by strong domestic demand, infrastructure activity and fresh business gains.
According to the HSBC India Manufacturing PMI ...
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The government’s surplus rice and wheat stocks are likely to offer a cushion against any possible shortfall in the production of these key food grains due to ‘below normal’ rains in the coming season.
Sources said that current central pool rice stocks at close to 40 million tonnes (MT) are at a decade high...
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India’s digital payments ecosystem and mobile economy have significant room to grow, driven by technological innovation, rising consumer adoption and the accelerating use of artificial intelligence (AI), Paytm founder and CEO Vijay Shekhar Sharma said on Saturday (May 30). Speaking on the sidelines of an even...
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Indian economist and author Surjit Bhalla said weak private investment, rather than the West Asia conflict, is the core reason India’s economic growth has slowed, arguing that strong Gross Domestic Product (GDP) numbers earlier this year masked an underlying shortfall in private-sector capital formation.
I...
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Former Planning Commission deputy chairman Montek Singh Ahluwalia has cautioned against treating a “strong rupee” as a badge of nationalism, arguing that a currency’s strength should reflect the underlying strength of the economy and not be artificially enforced through excessive intervention.
Speaking at ...
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The duration of disruption in the Strait of Hormuz remains the single most consequential variable for India’s external sector and inflation outlook, the Finance Ministry said in its Monthly Economic Review for May 2026. The ministry warned that prolonged energy supply interruptions could amplify price pressur...
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SBI Research in its report has called for stronger Reserve Bank of India intervention to stem the rupee’s sharp depreciation, arguing that the currency’s weakness is out of sync with the country’s macroeconomic fundamentals. In its pre-policy report released on Sunday, it said that the RBI is likely to mainta...
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A weaker rupee, often seen as a sign of economic stress, may be emerging as an unexpected advantage for India's exporters, according to the government's latest economic review.
But the Finance Ministry has cautioned that the benefit will materialise only if global demand remains resilient and inflation sta...
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Economist and author Surjit Bhalla has said that India's strong economic fundamentals favour a stronger rupee and that policy reforms are needed to attract investment and boost growth.
In an exclusive interview with ANI, Bhalla said India's low current account deficit and low inflation should have supporte...
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A robust outlook for India's services trade balance, particularly in software and business services, along with steady inward remittances from non-Gulf countries, is expected to support the country's current account balance in 2026-27, according to the Reserve Bank of India's (RBI) Annual Report 2025-26.
I...
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MARKET & FINANCE
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Global equity rally has become extraordinarily narrow, YES Securities said on Monday as it noted that 95 per cent of the $12 trillion gains seen in global markets this calendar have been accumulated by just 100 stocks in a sample of 10,000 investible shares. This includes NVIDIA, whose market capitalisation (...
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Asia's factory activity expanded steadily in May on stockpiling by some companies to get ahead of supply shocks from the Middle East conflict, private surveys showed on Monday, a sign that the war's economic fallout is broadening across the region.
The surveys came after the heads of the International Ener...
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From Europe to Japan and Switzerland, huge bond issues by Big Tech companies are proving that smaller markets, often overshadowed by the U.S., can punch above their weight in the $40 trillion world of corporate debt.
Google-parent Alphabet is already one of the biggest outstanding borrowers in the sterling...
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Foreign investors continued to cut exposure to Indian equities in May, pulling out Rs 32,963 crore during the month amid weak earnings growth, rupee depreciation and better opportunities in other global markets weighed on sentiment.
With this, Foreign Portfolio Investors’ net outflow from Indian equities i...
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Current G-sec yields are attractive, and some investors are finding value in government bonds and selective buying interest is visible, Shashi Dhar, chief general manager – treasury and global markets at Bank of Baroda, said in an interview. He added that buying is being observed as yields have fallen past a ...
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Indian government bonds retreated early Monday as traders braced for the central bank's Friday policy decision and as a lack of resolution in the Middle East conflict pushed oil prices higher.
The benchmark 6.48% 2035 yield climbed 2 basis points to 7.0249% by 10:45 a.m. IST, after ending Friday at 7.0037%...
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The Ministry of Finance has launched a unified awareness initiative titled "Your Money, Your Right" to help citizens locate and recover forgotten or unclaimed assets such as unclaimed deposits, insurance and shares.
What is the "Your Money, Your Right" campaign To help citizens locate and recover forgotten, ...
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GLOBAL CORPORATE
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Russia on Monday announced a ban on aviation fuel exports until November 30 as it seeks to safeguard domestic supplies amid falling refinery output and growing pressure on its energy infrastructure.
Announcing the move, the Russian government said the restriction was aimed at maintaining stability in the dom...
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The U.S. Department of Commerce on Sunday moved to close a potential loophole that may have led companies to export the world's most advanced chips - like Nvidia's most sophisticated Blackwell processors - to subsidiaries of Chinese companies located outside China.
The unexpected guidance suggests that the...
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China issued sweeping new rules on Monday tightening control of overseas deals that involve Chinese investors, technology, data and national security, a month after Beijing ordered Meta to unwind its acquisition of AI startup Manus.
The regulations, published by the State Council, or cabinet, seek to influ...
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The wave of job cuts linked to artificial intelligence is continuing across the technology industry, and Meta has made one of its biggest workforce reductions in recent years. The parent company of Facebook and Instagram had already announced in April that it planned to reduce its workforce by 10% in May as i...
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The US Department of Commerce has taken steps to close a loophole that may have allowed some of the world’s most advanced artificial intelligence chips to reach Chinese companies through their overseas operations.
The guidance, released on Sunday, targets exports of cutting-edge processors such as Nvidia’...
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It may sound counterintuitive. After all, the Strait of Hormuz remains blocked. The world’s largest LNG plant is idled and Qatar says repairing it will take at least three years. And yet, the contours of a long-term surplus are already starting to emerge.
The outlook for LNG prices is crucial in Europe and...
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Asia's factory activity expanded steadily in May on stockpiling by some companies to get ahead of supply shocks from the Middle East conflict, private surveys showed on Monday, a sign that the war's economic fallout is broadening across the region.
The surveys came after the heads of the International Ener...
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Banking
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The transmission of the Reserve Bank of India’s cumulative 125-basis-point repo rate cut between February 2025 and March 2026 has remained uneven across banks and non-bank lenders, according to the RBI’s annual report. Overall, lending rates on outstanding rupee loans of scheduled commercial banks declined by...
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The drawn-out West Asia conflict could cast a shadow on Indian banks' balance sheets, with some senior bankers telling ET they are preparing for asset quality stress from the second quarter onward.
They said fuel price hikes will erode disposable incomes of retail borrowers, while rising input costs risk ...
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Bank frauds rose 46% to Rs 48,021 crore in FY26 from Rs 32,803 crore a year ago though number of reported fraud cases more than halved to 10,114 from 23,722, as per an RBI report.
Although number of frauds for public and private sector banks reduced, the amount involved has increased over the years. Number...
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The Indian banking industry's return on assets (RoA) is expected to slip 10-15 basis points to 1.1-1.2% this fiscal from around 1.3% last fiscal, Crisil Ratings said in a report, citing reduced treasury income and pre-emptive provisioning ahead of the expected credit loss (ECL) framework. Despite the moderati...
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GLOBAL ECONOMY
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Germany's special fund for infrastructure has so far failed to reach its targets on how much to disburse, a 383-page finance ministry report due to be published this week shows, newspaper Handelsblatt said on Sunday.
The €500 b...
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British businesses remain downbeat about the economic outlook for the months to come, according to a survey from the Confederation of British Industry, although a separate Institute of Directors survey showed smaller firms were le...
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Japanese companies' pace of annual spending on plant and equipment stalled in the first quarter after a year of strong expansion, likely prompting a downgrade to economic growth as concerns mount over the impact of the Middle East...
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South Korea's exports grew more than expected in May at the strongest annual rate in over four decades, as a global boom in AI investment drove chip sales to a record, swelling optimism on the trade-reliant economy and its world-b...
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China's manufacturing sector expanded for a sixth straight month in May, although at a slower pace, as output and new orders remained solid and price pressures eased, a private survey showed on Monday.
The RatingDog China Gener...
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Bank of America, which is holding its 2026 India Conference from Monday, expects global growth to slow by 40 basis points to 3.1% this year. Candace Browning told Financial Express that India is likely to regain favour among globa...
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INDIAN CORPORATE
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Mahindra & Mahindra Ltd on Monday reported a 20 per cent year-on-year growth in total vehicle sales to 99,636 units in May, including exports.
In the utility vehicle segment, the company sold 58,021 units in the domestic market...
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Tata Trusts chairman Noel Tata conveyed to Tata Sons board after the meeting last week that several key issues remained unresolved, rendering any formal discussion on the reappointment of the holding company’s chairman N Chandrase...
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Adani Group has moved beyond concerns over funding and is now focused on executing projects and building assets at scale, chairman Gautam Adani said in his annual letter to shareholders.
"For us, the era of capital scarcity is ...
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Shares of InterGlobe Aviation, the operator of budget carrier IndiGo, rallied as much as 5% to their day's high of Rs 4,634 on the NSE on Monday despite reporting a net loss of Rs 2,536 crore for the fourth quarter of FY26, compar...
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Kalpataru Projects International (KPIL) along with its international subsidiaries has bagged new orders worth approximately Rs 2,002 crore.
The newly secured contracts include orders in the Power Transmission & Distribution (T&...
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Insurance giant LIC is actively considering establishing a fintech arm either through strategic investment or organic way to cater to its growing digital needs, CEO and MD R Doraiswamy said.
"Naturally, to meet the modernisatio...
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GST
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India's gross Goods and Services Tax (GST) collections moderated to Rs 1.94 lakh crore in May 2026 from a record Rs 2.42 lakh crore in April, though revenues remained 3.2% higher than the Rs 1.88 lakh crore collected in the same month last year, according to official data released on Sunday.
Net GST revenu...
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