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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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INDIAN ECONOMY
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Maruti Suzuki on Thursday launched what it described as India's first flex-fuel passenger car, positioning the technology as a key pillar in the country's efforts to reduce crude oil imports, lower carbon emissions and strengthen energy security.
Speaking at the launch event, Managing Director and CEO Hisa...
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Coal gasification has so far saved Rs 28,000 crore in foreign exchange by reducing reliance on imported oil, methanol and ammonia, govt said recently as it prepares to launch the second phase of the programme.
At a recent meeting with investors, coal ministry said the first phase of scheme, launched in 2023-...
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India's economy has remained resilient despite geopolitical tensions, supply-chain disruptions and volatile commodity prices, supported by strong industrial and services activity, broad-based demand and improving corporate performance, RBI Deputy Governor Swaminathan J said.
In a speech at the School of Inte...
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India's target of achieving 500 GW of non-fossil fuel capacity by 2030 could generate more than 44 lakh full-time equivalent (FTE) jobs, with rooftop solar emerging as the single largest employment generator, accounting for nearly 43% of the total, according to a new study.
The findings are significant as ro...
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The government is already supporting the economy amid the ongoing West Asia crisis by not allowing the full impact of rising global oil prices to be passed on to consumers, according to Gita Gopinath, former Deputy Managing Director of the International Monetary Fund (IMF).
In an exclusive interview with A...
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The India-Oman trade pact provides significant market access opportunities for the textiles and apparel sector, placing India in a strong position to expand its exports and consolidate its presence in a key Gulf market, the government said on Wednesday.
The India-Oman Comprehensive Economic Partnership Agr...
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Former International Monetary Fund (IMF) chief economist and Deputy Managing Director Gita Gopinath has warned that elevated oil prices could trim India’s growth down toward 6 per cent, below the International Monetary Fund’s current forecast of 6.5 per cent, as higher energy costs sap consumption and investm...
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State Bank of India Chairman CS Setty on Wednesday said that a pause in the policy rates by the Reserve Bank of India’s monetary policy committee would help stabilise conditions and support economic growth.
“Broadly, the market expects that there could be a rate pause at this juncture. Inflation dynamics ...
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India could face higher inflationary pressures in FY27 as deficient monsoon rains and persistent heatwave conditions threaten agricultural output across major crop-producing regions, economists have warned.
In its latest monsoon forecast, the India Meteorological Department (IMD) projected rainfall during ...
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The US has proposed an additional 12.5% Trump Tariff on imports from India and 43 other countries, on the grounds their exports contain inputs produced by forced labour. The move is seen as an attempt by the US administration to retain leverage in ongoing trade negotiations.
The proposed duties, announced ...
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Consumer-facing businesses are bracing for turbulence. A weakening monsoon forecast—driven by El Niño conditions—threatens to erode rural demand, the one engine that has kept FMCG companies, automakers and appliance manufacturers moving even as urban recovery sputtered. With the festive season on the horizon,...
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MARKET & FINANCE
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India's money-market turnover jumped to a record as state-owned lenders stepped up borrowing to fund booming credit demand.
The value of trades in the so-called tri-party repurchase segment, which accounts for about 70% of the nation's money markets, rose to an all-time high of 5.5 trillion rupees ($57.8 b...
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The RBI rejected all bids for 182-day and 364-day treasury bills while accepting only 91-day bills at auction on Wednesday, signalling its discomfort with rising short-term yields ahead of the monetary policy decision due Friday.
The RBI sold 91-day treasury bills at a yield of 5.56%.
The central bank typ...
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India's red-hot initial public offering market may look irresistible as foreign firms line up for listings, but the rush is not about raising funds to expand in a fast-growing market; it's about sending billions of dollars back to headquarters.
Just one of six foreign-based companies that listed their Indi...
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IIFL Finance has raised $500 million by selling international dollar bonds to investors across the world in an issue which was priced on Wednesday. The 3.25 year issue was priced at 7.6% after building an order book of close to $2 billion from large institutional investors.
This is the first dollar bond is...
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GLOBAL CORPORATE
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Both the European Union and the United States are committed to complying with their trade agreement, U.S. Trade Representative Jamieson Greer said on Wednesday after broad new tariff threats over forced labour rankled Washington's trade partners.
After the two sides struck a framework agreement at U.S. Pre...
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Cuba will suspend Visa and Mastercard transactions starting June 6, its central bank said on Wednesday, citing sanctions imposed by the United States that in recent days have led a swath of foreign businesses to sever ties with the Caribbean island.
Cuba's central bank said a foreign partner that had previ...
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EU steel exports to the U.S. have fallen by 34% since Washington hiked tariffs to 50%, with higher duties on derivative products such as washing machines and motorbikes also hitting European demand, steel industry association Eurofer said on Thursday.
Steel exports to the U.S. fell to 1.94 million metric ...
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Taiwan's TSMC, the world's largest contract chipmaker, is confident in its growth over the next few years, thanks to robust demand for computing power and advanced semiconductors as it rides a relentless AI boom, its CEO said on Thursday.
C.C. Wei, speaking at TSMC's annual shareholders' meeting in the Tai...
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Banking
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India’s money-market turnover jumped to a record as state-owned lenders stepped up borrowing to fund booming credit demand.
The value of trades in the so-called tri-party repurchase segment, which accounts for about 70% of the nation’s money markets, rose to an all-time high of 5.5 trillion rupees ($57.8 b...
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The resilience of banks will shift from fixing known balance-sheet stress to managing complexity and uncertainty, Reserve Bank of India Deputy Governor Swaminathan J said while speaking at Columbia University on Monday. The speech was uploaded on the regulator’s website on Wednesday.
“Recent years have sho...
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Reserve Bank of India (RBI) Deputy Governor Swaminathan J urged that banking-sector resilience should be deliberately built rather than left to chance, laying out five pillars of ‘resilience by design.’ Drawing on India’s post-2015 banking reforms, he argued that transparent stress recognition, stronger balan...
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GLOBAL ECONOMY
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After unleashing 'Epic Fury' on Iran, the United States has launched another front to step up its pressure on the country. The US, on Tuesday, imposed sanctions on Iran's largest cryptocurrency exchange, Nobitex, and several of it...
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Federal Reserve Chairman Kevin Warsh inherits an economy bolstered by an AI investment boom but pinched by rising prices from the Iran war, a Fed survey showed on Wednesday, setting up a fight over an interest rate hike when he ru...
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Brazil's trade surplus reached $7.8 billion in May, official data showed on Wednesday, above market expectations, as higher prices drove export growth at a faster pace than imports....
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Australia's balance on goods trade swung back into surplus in April after a surprise deficit the month before, data showed on Thursday, as a rebound in resource exports helped offset a surge in fuel imports.
The Australian Bure...
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Indonesia's parliament on Thursday passed sweeping legislation that places further emphasis on Bank Indonesia supporting economic growth, while empowering lawmakers to evaluate independent financial regulators and the central bank...
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Activity in the US services sector expanded in May, according to survey data released Wednesday, beating expectations and continuing to show strong performance despite respondents citing rising cost pressures....
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INDIAN CORPORATE
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Wind turbine manufacturer Suzlon Energy launched the Suzlon 2.0 initiative, transforming the company from a wind energy equipment and solutions provider into a full-stack renewable energy company. This new direction includes offer...
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Five years after reporting losses of nearly Rs 4,000 crore and undertaking large-scale layoffs during the pandemic, Oyo is showing signs that a sweeping overhaul of its business model is paying off.
Prism, Oyo’s parent company,...
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The Securities and Exchange Board of Inda (SEBI) has ordered an investigation into Rajesh Exports and its Executive Chairman Rajesh Mehta for allegedly misrepresenting financial statements aggregating Rs 15 lakh crore. This repres...
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Insolvency
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The Insolvency and Bankruptcy Board of India (IBBI) has changed the way defaults are authenticated and recorded under the insolvency and bankruptcy code (IBC). A notification by the board has outlined a framework under which if a ...
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