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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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12
May
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RBI/2026-27/62
(Delhi)
Reserve Bank of India (Regional Rural Banks – Responsible Business Conduct)
Amendment Directions, 2026
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12
May
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RBI/2026-27/60
(Delhi)
Reserve Bank of India (Regional Rural Banks – Resolution of Stressed Assets)
Amendment Directions, 2026
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12
May
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RBI/2026-27/61
(Delhi)
Reserve Bank of India (Regional Rural Banks – Income Recognition, Asset
Classification and Provisioning) Amendment Directions, 2026
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INDIAN ECONOMY
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The recent 3 per litre increase in petrol and diesel prices may provide temporary relief to state-run oil marketing companies (OMCs), but a further depreciation in the rupee could quickly offset the benefits, according to SBI Research’s latest Ecowrap report. The report highlights that while the fuel price re...
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India's trade with Brics countries gathered pace over the past five years, making the bloc a significant part of the country's Imports. However, this growing trade also reflects a bigger problem: India is relying more on imports from the bloc, pushing its trade deficit higher....
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The recent increase in petrol and diesel prices is expected to push up India’s retail inflation in the coming months, with economists warning that the impact may spread far beyond fuel stations and into everyday household expenses. Fuel prices across India were raised on Friday by up to Rs 3 per litre.
Ana...
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Former UN Advisor and economist Santosh Mehrotra, on Saturday, urged the government to shift its fiscal strategy by aggressively taxing the super-rich and high-net-worth individuals instead of relying on regressive indirect taxes like fuel and gold duties, which he warned are compounding inflation and destroy...
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India's exports to China increased by 27 per cent in April, while imports from the neighbouring country rose 20.85 per cent, according to the government data.
While exports increased to USD 1.77 billion in April 2026 from USD 1.39 billion in April 2025, imports rose to USD 11.97 billion in April 2026 from ...
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With the US-Iran conflict keeping global crude oil prices elevated and the Strait of Hormuz disruption pushing up metal costs, the economic research wing of Bank of Baroda sees further upside pressure on headline WPI in the coming months.
If a peace deal is not reached soon, prolonged tensions could keep f...
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With the West Asia conflict persisting and global oil prices likely to average around USD 100/bbl, India's current account deficit could rise meaningfully this year, ICICI Bank Global Markets warns. While resilient services exports should offer some cushion, the brokerage expects the current account deficit (...
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India’s merchandise trade deficit widened to $28.38 billion in April amid continued Middle East conflict. India’s merchandise exports rose to $43.56 billion from $38.92 billion in March, while imports rose to $71.94 billion from $59.59 billion.
However, exports to West Asia declined 28% to $4.16 billion in...
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The Rs 3/litre hike in petrol and diesel prices could push retail inflation up by nearly 15 basis points in the short term, economists said. They expect more such price increases over the next few weeks, as oil marketing losses of oil marketing companies remained to be offset, and crude prices might remain el...
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MARKET & FINANCE
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India's forex reserves jumped by USD 6.295 billion to USD 696.988 billion during the week ended May 8, the Reserve Bank said on Friday.
The overall reserves had dropped by USD 7.794 billion to USD 690.693 billion in the previous reporting week.
The forex kitty had expanded to an all-time high of USD 728...
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Bond markets are bracing for interest-rate pain in a way they haven't in decades, as investors assess the economic costs of the war with Iran and how the global economy will bear those burdens.
Benchmark 10-year U.S. Treasury yields hit their highest in around a year on Friday, two days after the governmen...
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GLOBAL CORPORATE
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Two themes critical to the U.S. stock market -- the artificial intelligence boom and inflation-pressured consumer spending -- will come under the microscope next week with earnings reports from semiconductor giant Nvidia and a host of retailers led by Walmart.
Stock indexes have charged higher in recent we...
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U.S. factory production posted its largest increase in 14 months in April, driven by motor vehicles and demand for technology goods amid an artificial intelligence spending boom, but supply disruptions from the war with Iran cast a shadow over the manufacturing sector.
Those constraints were flagged by a s...
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Chinese automakers expanded their share of the South African passenger car market to 16.8% in 2025 from 11.2% a year earlier, industry data showed on Friday, as competitively priced, technology-rich sport utility vehicles and long warranties reshaped competition.
The domestic new vehicle market has entered...
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The United States and Brazil, the two largest producers of ethanol, are looking at a jump in exports of the biofuel this year due to movements by several consuming countries to increase their sources of fuels as the Strait of Hormuz crisis drags on.
The U.S. is seeing a jump of 20% in ethanol exports so fa...
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Fitch Ratings has changed its ratings outlook to negative for Goldman Sachs' private credit fund, Goldman Sachs BDC, the ratings agency said on Friday.
In its post-market close announcement, Fitch maintained its current lower-investment grade rating of Goldman Sachs BDC but could downgrade the fund if it d...
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Amazon.com Inc was sued on Friday by consumers seeking refunds for costs passed on to them in the form of higher prices as a result of tariffs the U.S. Supreme Court later concluded had been unlawfully imposed by President Donald Trump.
Consumers in a proposed class action filed in federal court in Seattle...
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GLOBAL ECONOMY
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With no sign of the US-Iran war ending and global oil prices likely to reach record highs within a quarter, Santosh Mehrotra, former Economic Advisor to the United Nations, warned that India's current account deficit could widen b...
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The Bank of Japan will raise its key interest rate to 1.0% in June, nearly two-thirds of economists said in a Reuters poll, as it presses ahead with efforts to normalise monetary policy amid rising inflation concerns from the war ...
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Economic growth in Germany, which was just 0.3% in the first quarter, will likely take a significant hit from the effects of the Iran war in the second quarter, the federal economy ministry warned on Friday.
"Rising prices, sup...
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South Korea's newly appointed central bank board member, Kim Jin-ill, said on Friday inflation worries had heightened due to high oil prices sparked by the Middle East conflict.
Kim said economic conditions were improving led b...
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Incoming Federal Reserve chief Kevin Warsh's plans to shrink the U.S. central bank's "footprint" in financial markets could be constrained by rising federal debt and the potentially lost luster of U.S. Treasuries, analysts said, w...
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Russian President Vladimir Putin said on Friday that measures undertaken by the government to boost the economy were beginning to yield positive results, after Moscow was forced to slash its economic growth forecast for this year....
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Israel's annual inflation rate held steady in April at 1.9%, according to data on Friday from the Central Bureau of Statistics that was slightly below estimates.
The April rate was below expectations of 2.0% in a Reuters poll a...
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Brazil's services activity fell more than expected in March compared with the previous month, data from the statistics agency IBGE showed on Friday, with transportation the main drag.
• Services activity in Latin America's larg...
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INDIAN CORPORATE
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ITC Hotels reported a consolidated net profit of Rs 315.89 crore in Q4FY26, up 22.96% year-on-year (YoY) from Rs 256.90 crore reported in Q4FY25.
Revenue from operations stood at Rs 1,253.70 crore in Q4FY26, rising 18.2% YoY fr...
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JLR India reported a 14% year-on-year rise in revenue for FY26, driven by strong demand for its high-end Range Rover and Defender models despite flat wholesale volumes and a marginal decline in retail sales. Wholesale volumes for...
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Tata Motors Passenger Vehicles expects India’s passenger vehicle industry to grow around 10% in FY27 despite geopolitical tensions and fuel price risks linked to the West Asia crisis, according to Managing Director and CEO Shailes...
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Agneyastra Energetics, a wholly owned subsidiary of Kalyani Strategic Systems (KSSL)—the defence business of Bharat Forge, announced the groundbreaking of its strategic defence manufacturing facility near Madakasira in Sri Sathya ...
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Corporate India is bracing for another round of inflation-led stress after the government’s latest increase in petrol and diesel prices, a move executives say will raise freight and logistics costs across sectors already grappling...
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Tata Steel net profit attributable to promoters for Q4FY26 grew 124.9% to Rs 2,926 crore compared to Rs 1,301 crore in the same period a year before, led by lower inventory cost.
India’s oldest steelmaker missed Bloomberg estim...
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GST
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UT chief secretary H Rajesh Prasad Friday directed the excise & taxation department to tighten enforcement and maintain strict vigil over excise licensees, warning of breach proceedings against violators of policy provisions.
At a review meeting, Prasad stressed the need to curb illegal movement and sale o...
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The GST Appellate Tribunal (GSTAT) has revamped its process for handling appeals, requiring all pending and new cases to be reviewed by a division bench before being assigned to a single bench.
The move seeks to prevent smaller benches from deciding cases involving important legal questions, ensure consist...
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