|
|
| IMC has enhanced its digital systems to incorporate new online features. To explore these updated processes, please visit our website: https://www.imcnet.org
|
|
|
|
|
|
|
|
 |
|
|
|
| |
|
Indirect Taxes
|
|
13
May
|
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
|
|
|
RBI
|
|
18
May
|
RBI/2026-27/66
(Delhi)
Reserve Bank of India (Rural Cooperative Banks – Responsible Business
Conduct) Amendment Directions, 2026
|
|
|
|
|
18
May
|
RBI/2026-27/74
(Delhi)
Reserve Bank of India (All India Financial Institutions – Responsible Business
Conduct) Amendment Directions, 2026
|
|
|
|
|
18
May
|
RBI/2026-27/63
(Delhi)
Reserve Bank of India (Regional Rural Banks – Credit Risk Management)
Second Amendment Directions, 2026
|
|
|
|
|
18
May
|
RBI/2026-27/64
(Delhi)
Reserve Bank of India (Rural Cooperative Banks – Resolution of Stressed
Assets) Amendment Directions, 2026
|
|
|
|
|
18
May
|
RBI/2026-27/71
(Delhi)
Reserve Bank of India (Non-Banking Financial Companies – Credit Risk
Management) Second Amendment Directions, 2026
|
|
|
|
|
18
May
|
RBI/2026-27/81
(Delhi)
Reserve Bank of India (Payments Banks - Prudential Norms on Capital
Adequacy) Second Amendment Directions, 2026
|
|
|
|
|
18
May
|
RBI/2026-27/65
(Delhi)
Reserve Bank of India (Rural Cooperative Banks – Income Recognition, Asset
Classification and Provisioning) Amendment Directions, 2026
|
|
|
|
|
18
May
|
RBI/2026-27/70
(Delhi)
Reserve Bank of India (Non-Banking Financial Companies – Responsible
Business Conduct) Amendment Directions, 2026
|
|
|
|
|
18
May
|
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
|
|
|
|
|
18
May
|
RBI/DGBA/2026-27/399
(Delhi)
Reserve Bank of India [Disbursement of Government Pension by Agency Banks
(ABs)] Directions, 2026
|
|
|
|
|
18
May
|
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
|
|
|
|
|
18
May
|
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
|
|
|
|
|
18
May
|
FEMA 401/2026-RB
(Delhi)
Foreign Exchange Management (Authorised Persons) Regulations, 2026
|
|
|
|
|
18
May
|
RBI/2026-27/78
(Delhi)
Issuance of Foreign Exchange Management (Authorised Persons) Regulations, 2026
|
|
|
|
|
18
May
|
RBI/2026-27/79
(Delhi)
Reserve Bank of India (Commercial Banks - Prudential Norms on Capital
Adequacy) Fifth Amendment Directions, 2026
|
|
|
|
|
18
May
|
RBI/2026-27/80
(Delhi)
Reserve Bank of India (Small Finance Banks - Prudential Norms on Capital
Adequacy) Fourth Amendment Directions, 2026
|
|
|
|
|
18
May
|
RBI/2026-27/82
(Delhi)
Operating framework for facilitating Outward Remittance services by nonbank entities through Authorized Dealer (Category I) banks in India
|
|
|
|
|
18
May
|
RBI/2026-27/73
(Delhi)
Reserve Bank of India (All India Financial Institutions – Income Recognition,
Asset Classification and Provisioning) Amendment Directions, 2026
|
|
|
|
|
18
May
|
RBI/2026-27/75
(Delhi)
Reserve Bank of India (All India Financial Institutions – Credit Risk
Management) Second Amendment Directions, 2026
|
|
|
|
|
18
May
|
RBI/2026-27/67
(Delhi)
Reserve Bank of India (Rural Cooperative Banks – Credit Risk Management)
Second Amendment Directions, 2026
|
|
|
|
|
18
May
|
RBI/2026-27/68
(Delhi)
Reserve Bank of India (Non-Banking Financial Companies – Resolution of
Stressed Assets) Amendment Directions, 2026
|
|
|
|
|
18
May
|
RBI/2026-27/69
(Delhi)
Reserve Bank of India (Non-Banking Financial Companies – Income
Recognition, Asset Classification and Provisioning) Amendment Directions,
2026
|
|
|
|
|
12
May
|
RBI/2026-27/61
(Delhi)
Reserve Bank of India (Regional Rural Banks – Income Recognition, Asset
Classification and Provisioning) Amendment Directions, 2026
|
|
|
|
|
12
May
|
RBI/2026-27/62
(Delhi)
Reserve Bank of India (Regional Rural Banks – Responsible Business Conduct)
Amendment Directions, 2026
|
|
|
|
|
12
May
|
RBI/2026-27/60
(Delhi)
Reserve Bank of India (Regional Rural Banks – Resolution of Stressed Assets)
Amendment Directions, 2026
|
|
|
|
|
|
|
|
|
INDIAN ECONOMY
|
|
|
In their 2009 book, This Time Is Different: Eight Centuries of Financial Folly, Carmen M Reinhart and Kenneth S Rogoff tell us that every generation believes its crisis is unique - and is always wrong. Until now, maybe. But for the wrong reasons.
Post-liberalisation, India's external sector was self-correc...
Read More
|
|
Despite the rising costs of raw materials and imports, the fertiliser availability for the 2026 kharif season remains ‘comfortable’, with stocks exceeding 51% of the total requirement of 39 million tonne (MT), a fertiliser ministry official said on Monday.
“There is a small shortfall which we hope to cover...
Read More
|
|
The US Treasury Department has extended a temporary 30-day license allowing some of the world’s most energy-dependent countries to access Russian oil cargoes currently stranded at sea amid global supply disruptions.
The decision, announced Monday by US Treasury Secretary Scott Bessent, comes as rising tens...
Read More
|
|
India should significantly enhance its investment in research and development from the current level of 0.64 per cent to at least 2 per cent of GDP in the next four to five years to strengthen the country's R&D ecosystem, Niti Aayog said on Monday.
The Aayog, in a report titled Ease of Doing Research & Dev...
Read More
|
|
The Reserve Bank is keeping a close vigil on whether and when supply shocks get embedded in the general price level, warranting monetary policy action, Governor Sanjay Malhotra has said amid persisting global uncertainties.
Malhotra said the RBI has been maintaining a neutral stance since June 2025, which ...
Read More
|
|
The government's fertiliser subsidy bill for 2026-27 may surge by Rs 70,000 crore to Rs 2.41 lakh crore, driven by rising import costs of urea and other fertilisers amid the ongoing West Asia crisis, a senior official said on Monday.
Aparna S Sharma, Additional Secretary, Department of Fertilisers, on the ...
Read More
|
|
India's current account deficit is set to widen to 2.3 per cent of GDP in FY27 from 0.9 per cent in FY26, a foreign brokerage said on Monday.
The balance of payments (BoP) deficit is estimated to widen to USD 65 billion in the current fiscal from the last fiscal year's USD 35 billion, it said.
HSBC s...
Read More
|
|
Prime Minister Narendra Modi on Monday announced that India and Norway have signed a triangular development cooperation agreement that would assist human development across the Global South.
"Today, we also signed a triangular development cooperation agreement. Together, we will contribute to human develop...
Read More
|
|
Minister of Commerce and Industry, Piyush Goyal on Monday asked the industry to seek opportunities in import substitution for both domestic market and exports. He also asked companies to source inputs from local players to the extent possible.
Addressing domestic traders, he said: “You should keep an eye o...
Read More
|
|
Capital expenditure growth by Corporate India could moderate sharply to just around 4% annually over the next two years, Moody’s Ratings said in a report on Monday, signalling a further delay in the long-awaited investment cycle and a serious blow to the country’s medium-term economic growth.
Between FY22 ...
Read More
|
|
The Centre will release around Rs 90,000 crore as interest-free capex loans to the state governments during the first quarter of the current financial year, to help sustain economic activity amid headwinds arising from the West Asia conflict, according to official soures.
This amounts to a front-loading of...
Read More
|
|
The unemployment rate among women in the 15-29 age group rose to a 13-month high of 18.7% in April, indicating fewer job opportunities and skill-mismatch in the country, according to the Periodic Labour Force Survey data released by the Ministry of Statistics and Programme Implementation (MoSPI). Among young ...
Read More
|
|
India’s current account deficit (CAD) is expected to widen sharply to 2.3% of GDP in FY27 from an estimated 0.9% in FY26, as elevated crude oil prices and global economic pressures weigh on the country’s external balances, according to a report released by HSBC on Monday.
The foreign brokerage also project...
Read More
|
|
India has been purchasing Russian oil irrespective of the US sanctions waivers and will continue to do so based on commercial viability and energy security requirements, a senior official said on Monday.
The move confirms that New Delhi won’t sharply alter its crude sourcing strategy despite the expiry of ...
Read More
|
|
|
MARKET & FINANCE
|
|
|
As you drive from Ahmedabad towards Gandhinagar, you see a shiny new city rising along the banks of the Sabarmati river. The region, once dotted by green fields, is rapidly emerging as a gateway for global capital as new multi-storey towers soar into the sky across the 886-acre Gujarat International Finance T...
Read More
|
|
Indian companies are increasingly turning to bank loans as yields on corporate bonds have risen sharply, while interest rates on credit have remained steady. The shift also reflects changing expectations around the interest-rate cycle, with markets pricing in the possibility of higher policy rates ahead.
T...
Read More
|
|
Mutual funds have sharply reduced their exposure to technology stocks amid rising uncertainty around artificial intelligence-led disruption, slowing global IT spending and weak earnings visibility. According to the latest report by Motilal Oswal Financial Services, technology sector weight in mutual fund port...
Read More
|
|
India's 10-year bond yield jumped to a nearly seven-week high on Monday, tracking a global debt selloff as markets braced for higher interest rates and weighed the economic fallout from an extended U.S.-Iran war and rising oil prices.
The benchmark 6.48% 2035 bond yield jumped to its highest level since Ap...
Read More
|
|
UPI processed 85.5% of all payment transactions in India by volume in the second half of CY 2025 but accounted for just 9.5% of the total value — while RTGS, handling a mere 0.1% of volumes, dominated with 68.6% of total transaction value, according to the Reserve Bank of India's Payments System Report for De...
Read More
|
|
|
GLOBAL CORPORATE
|
|
|
Liquidators for Evergrande Group, the failed Chinese property giant, are seeking 57 billion yuan ($8.4 billion) in damages from PwC, accusing it of being negligent in its auditing work, a Hong Kong court was told on Monday.
Potential damages would come on top of hefty fines imposed on the global auditing g...
Read More
|
|
In a nondescript building on Kirtland Air Force Base on the high desert of New Mexico, liquid-cooled supercomputers gurgle and hum their way through some of the most complex math problems the U.S. government seeks to solve: simulating how hypersonic nuclear weapons would move through the earth's atmosphere, o...
Read More
|
|
U.S. drill bit manufacturers are shifting to steel-based products to cut costs as tungsten prices surge due to trade restrictions and tighter supplies.
North American producers are expected to ramp up drilling as disruptions to Middle Eastern oil supplies keep crude above $100 a barrel. But higher drill bi...
Read More
|
|
In India, there is a shortage of cooking gas. In California, motorists are paying $6 a gallon for gasoline. They are both symptoms of the worst-ever energy supply disruption. They are also directly connected, and evidence of the knock-on effects across the global economy of the U.S.-Israeli war with Iran.
...
Read More
|
|
A U.S. jury on Monday ruled against Elon Musk in his lawsuit against OpenAI, finding the artificial intelligence company not liable to the world's richest person for having allegedly strayed from its original mission to benefit humanity.
In a unanimous verdict, the jury in Oakland, California, federal cour...
Read More
|
|
|
|
|
|
|
|
|
Banking
|
|
|
The Reserve Bank on Monday discontinued the requirement for commercial banks to maintain Investment Fluctuation Reserve (IFR), an additional buffer to hedge against depreciation in the value of investments.
In view of the developments in the prudential frameworks governing market risk and investments for c...
Read More
|
|
|
|
|
|
|
|
|
|
|
|
|
GLOBAL ECONOMY
|
|
|
|
Japan's economy grew an annualised 2.1% in the first quarter, government data showed on Tuesday, compared with the median market forecast for a 1.7% gain.
The growth in gross domestic product (GDP) translated into a quarterly i...
Read More
|
|
Thailand's economy grew faster than expected in the first quarter of 2026, helped by higher exports, consumption and investment, official data showed on Monday, but the government has kept its outlook for the year unchanged as the...
Read More
|
|
The International Monetary Fund raised its growth forecast for Britain's economy this year on Monday but warned that further "domestic uncertainty", at a time when political instability is engulfing the government, could hit spend...
Read More
|
|
The world's major economies have seen their debt levels surge in recent years, while ever-increasing spending demands - from ageing populations to climate change and defence - add to the pressure.
Enter the Iran war, which has ...
Read More
|
|
Brazil's Finance Ministry on Monday sharply raised its inflation forecast for this year to 4.5% from the 3.7% projected in March, citing the impact of the Middle East conflict on oil and fuel prices and foreseeing a more modest mo...
Read More
|
|
Mexico's headline inflation likely slowed in the first half of May for the fourth consecutive 15-day period, a Reuters poll showed on Monday, reinforcing expectations that monetary policy will remain on hold for an extended period...
Read More
|
|
|
INDIAN CORPORATE
|
|
|
Reliance Industries Ltd. is in talks with Chinese battery behemoth CATL and other global suppliers to procure parts for battery energy storage systems, according to people familiar with the matter, as India’s largest company seeks...
Read More
|
|
Indian Oil Corporation (IOC) reported a 184% rise in standalone profit after tax (PAT) to 36,802 crore in FY26, while fourth-quarter profit increased 56.6%, supported by record refinery throughput, higher fuel sales and improved o...
Read More
|
|
The Adani group’s settlement with the US, with promises of investing $10 billion in the American economy, has opened up the US market for the conglomerate for fundraising again. The market was shut for the Gautam Adani controlled ...
Read More
|
|
Catalyst Brands plans to increase headcount at its Bengaluru global capability centre to about 1,000 by the end of the year, India Managing Director Nihar Nidhi said on Monday, as the Aeropostale owner taps into the country's deep...
Read More
|
|
JSW Energy has commissioned approximately 250 MW of renewable energy capacity since April 2026, the company informed stock exchanges on Thursday through a regulatory filing. The addition takes its total installed generation capaci...
Read More
|
|
on new loans, tax refunds and fresh capital infusion from promoters to generate over Rs 1 lakh crore cash required in the next three years, a senior company official said on Monday.
Vodafone Idea (Vi) aims to spend Rs 45,000 c...
Read More
|
|
Tata Steel is accelerating its push into downstream and value-added steel products, targeting more than 60% of its portfolio from these products over time, as it seeks to insulate itself from the cyclical swings of commodity steel...
Read More
|
|
Tata Starbucks, the 50:50 joint venture between Tata Consumer Products and Starbucks Corporation, has narrowed its net loss in FY26 and crossed the 500-mark in terms of stores. The disclosures were made in Tata Consumer’s FY26 ann...
Read More
|
|
To meet cash flow mismatches and provide temporary working capital, the Food Corporation of India (FCI) will raise short-term loans of Rs 50,000 crore from scheduled banks for a three-month tenure, with a green shoe option to mop ...
Read More
|
|
The United States Department of the Treasury on Monday announced a $275 million settlement with Gautam Adani’s Adani Enterprises over alleged violations of American sanctions on Iran, reported Reuters.
According to the Treasury...
Read More
|
|
|
|
|
|
|
GST
|
|
|
Until now, while filing refund applications under specific categories involving accumulated Input Tax Credit (ITC), taxpayers were uploading Annexure-B in a PDF format, in terms of extant guidelines. In order to further automate the refund filing process and enable system-based verification of invoices and do...
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 .
|
|
|
|
|
|