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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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CUSTOMS
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12
Mar
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Circular No. 09/2026
(Delhi)
Return of export cargo from international waters due to closure of the Strait of
Hormuz – Section 143AA of the Customs Act, 1962 – reg.
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12
Mar
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Circular No. 10/2026
(Delhi)
Levy of fee for amendment or cancellation of export documents in cases of withdrawal of export consignments due to force majeure circumstances - Section 143AA of the Customs Act, 1962-reg.
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RBI
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13
Mar
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RBI/2025-26/231
(Delhi)
Reserve Bank of India (Asset Reconstruction Companies) Amendment Directions, 2026
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13
Mar
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RBI/DOR/2025-26/237
(Delhi)
Reserve Bank of India (Local Area Banks – Prudential Norms on Declaration of Dividends) Repeal Directions, 2026
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13
Mar
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RBI/2025-26/238
(Delhi)
Reserve Bank of India (Commercial Banks - Prudential Norms on Capital Adequacy) Third Amendment Directions, 2026
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13
Mar
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RBI/2025-26/239
(Delhi)
Reserve Bank of India (Small Finance Banks - Prudential Norms on Capital Adequacy) Third Amendment Directions, 2026
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13
Mar
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RBI/2025-26/240
(Delhi)
Reserve Bank of India (Payments Banks - Prudential Norms on Capital Adequacy) Amendment Directions, 2026
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13
Mar
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RBI/2025-26/232
(Delhi)
Reserve Bank of India (Standalone Primary Dealers) Amendment Directions, 2026
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13
Mar
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RBI/DOR/2025-26/233
(Delhi)
Reserve Bank of India (Setting Up of Wholly Owned Subsidiaries by Foreign
Banks) Amendment Guidelines, 2026
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13
Mar
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RBI/DOR/2025-26/236
(Delhi)
Reserve Bank of India (Payment Banks – Prudential Norms on Declaration of Dividends) Repeal Directions, 2026
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13
Mar
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RBI/2025-26/241
(Delhi)
Reserve Bank of India (All India Financial Institutions (AIFIs) - Prudential Norms on Capital Adequacy) Second Amendment Directions, 2026
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13
Mar
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RBI/2025-26/242
(Delhi)
Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1988 (2011)
Taliban Sanctions List: Amendment of 22 Entries: UAPA Update 02 of 2026
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13
Mar
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RBI/DOR/2025-26/235
(Delhi)
Reserve Bank of India (Small Finance Banks – Prudential Norms on Declaration of Dividends) Repeal Directions, 2026
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13
Mar
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RBI/DOR/2025-26/234
(Delhi)
Reserve Bank of India (Commercial Banks – Prudential Norms on Declaration of Dividend and Remittance of Profit) Repeal Directions, 2026
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12
Mar
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RBI/2025-26/230
(Delhi)
Reserve Bank of India (Mortgage Guarantee Companies) Amendment
Directions, 2026
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12
Mar
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RBI/2025-26/228
(Delhi)
Reserve Bank of India (Housing Finance Companies) Amendment Directions,
2026
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12
Mar
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RBI/2025-26/226
(Delhi)
Reserve Bank of India (Non-Banking Financial Companies – Prudential Norms
on Capital Adequacy) Second Amendment Directions, 2026
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12
Mar
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RBI/2025-26/227
(Delhi)
Reserve Bank of India (Non-Banking Financial Companies - Concentration
Risk Management) Second Amendment Directions, 2026
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12
Mar
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RBI/2025-26/229
(Delhi)
Reserve Bank of India (Core Investment Companies) Amendment Directions,
2026
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INDIAN ECONOMY
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Lok Sabha has passed the Supplementary Demand for Grants on Friday. Finance Minister Nirmala Sitharaman also assured that the government remains committed to keep the fiscal deficit within the revised estimates for FY26, even after bringing the second batch of supplementary demands for grants.
Nirmala Sit...
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India has a 'very good' and 'powerful' trade agreement with the United States, under which New Delhi has been able to protect all its sensitive sectors, Commerce and Industry Minister Piyush Goyal said on Friday.
Speaking at a media event, Goyal said the trade deal would benefit both countries and that the...
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Finance Minister Nirmala Sitharaman on Friday said the government will stick to its FY26 fiscal deficit target of 4.4% GDP while creating a Rs 1 lakh crore Economic Stabilisation Fund to help the country respond to unexpected global shocks.
The minister emphasised that the additional spending sought throug...
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The government is working to ensure that the flow of goods to West Asia continues through alternate arrangements, including through air cargo and use of alternate routes and ports, a senior official said Friday.
“We are also working with West Asian countries. Whichever countries we can go through air cargo...
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Amid heightened global uncertainties triggered by the US-Israel war with Iran, Fitch Ratings on Friday raised its growth forecasts for India by 0.1 percentage point (pp) to 7.5% for 2025-26 and by 0.3 pp to 6.7% for 2026-27, from its December projections.
The rating agency said domestic demand will anchor ...
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The Comprehensive Economic and Trade Agreement (CETA) between India and the UK will take effect in a month, Commerce and Industry Minister Piyush Goyal said Friday.
“We will be the fastest agreement to be approved by the UK Parliament. Normally it is a one and a half year process,” he said....
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India is likely to postpone signing a trade agreement with the United States for several months, news agency Reuters reported, as new investigations launched by Donald Trump administration into industrial capacity among trading partners have introduced fresh uncertainty into the negotiations.
New Delhi had...
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MARKET & FINANCE
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Wealthy individuals are looking to shift assets from the Gulf region to Switzerland as a result of the escalating conflict in the Middle East following the U.S.-Israeli strikes on Iran, bankers and financial advisers say.
More than a dozen bankers and financial advisers, collectively representing assets wo...
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India’s foreign exchange reserves declined sharply in the week ended March 6, dropping to $716.81 billion from $728.49 billion the previous week, according to data released by the Reserve Bank of India (RBI) on Friday.
The fall of $11.68 billion comes as the central bank intervened heavily in currency mark...
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Amid the crisis in West Asia, debt fund managers are repositioning their portfolios by reducing duration, favouring liquid instruments like certificates of deposit (CDs), and increasing cash holdings.
This move has been accentuated because March is a critical month with significant year-end redemption pres...
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Satish Ramanathan, CIO-equity, JM Financial Mutual Fund believes that the current market situation is very fluid. This is because the impact of war in West Asia is still not completely known, thereby increasing the uncertainty in the markets.
He believes the impact of this conflict will be at three levels...
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GLOBAL CORPORATE
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The U.S. on Friday expanded sanctions waivers on Venezuela, easing the way for investment in the South American country’s energy and petrochemical sectors and allowing for fertilizer exports as Washington seeks to help American farmers hit by rising prices stemming from the Iran war.
The U.S. Treasury Dep...
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The U.S. Commerce Department withdrew a planned rule on artificial-intelligence chip exports on Friday, the latest backpedaling by the Trump administration in its efforts to promote secure American AI dominance.
The department had sent a draft rule, to replace a January 2025 Biden-era regulation on global ...
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President Donald Trump's administration is set to receive a roughly $10 billion fee from investors in the recently completed deal to take control of TikTok's U.S. business, the Wall Street Journal reported on Friday, citing people familiar with the matter.
TikTok's Chinese owner, ByteDance, in January fina...
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Meta is planning sweeping layoffs that could affect 20% or more of the company, three sources familiar with the matter told Reuters, as Meta seeks to offset costly artificial intelligence infrastructure bets and prepare for greater efficiency brought about by AI-assisted workers.
No date has been set for the...
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Global EV registrations fell 11% in February, dragged by China's largest sales drop since the onset of the COVID-19 pandemic in early 2020, data by consultancy Benchmark Mineral Intelligence (BMI) showed on Friday.
As governments worldwide hit the brake on policies designed to encourage purchases of electr...
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For anyone in the import business, the economic risks from the war in the Middle East arrive by sea -- and that goes for everyone who buys their products, too.
As the war rages into its third week, the effective closure of the strategic Strait of Hormuz has upended not just the oil and gas industries but w...
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Noting that Iran has not closed the strategic Strait of Hormuz and ships are unable to pass through the Hormuz due the prevailing situation in West Asia, Dr Abdul Majid Hakeem Ilahi, Representative of Iran's Supreme Leader in India, has said that his country never wanted the Strait to be blocked and some ship...
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The US Department of Treasury has issued a 30-day authorisation “permitting” countries to purchase Russian oil currently stranded at sea, broadening an initial waiver granted to India as the war in West Asia disrupted energy supplies. US Treasury Secretary Scott Bessent said on Thursday the decision was inten...
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RBI
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The Reserve Bank of India (RBI) has asked banks to furnish detailed information on their exposure to the Middle East, said bankers.
“The RBI has asked for a comprehensive breakdown of exposure, covering not just loans but also contingent liabilities such as guarantees and letters of credit,” said one banke...
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GLOBAL ECONOMY
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Long-held expectations the European Central Bank will keep its deposit rate steady through the end of this year remain intact among economists polled by Reuters, despite rising inflation threats from war in the Middle East.
Glo...
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U.S. consumer spending increased solidly in January amid higher prices, and the dragging Middle East conflict threatens to add to inflation, bolstering expectations that the Federal Reserve would not resume cutting interest rates ...
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Brazil's Finance Ministry slightly raised its inflation forecast for this year after factoring in an average oil price now expected to be 10.8% higher than previously estimated due to the U.S.-Israeli conflict with Iran.
The pr...
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U.S. consumer sentiment ebbed in early March as war in the Middle East raised gasoline prices and households worried about personal finances, a survey showed on Friday.
The University of Michigan's Surveys of Consumers said its...
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The International Energy Agency said the closure of the Strait of Hormuz has triggered the largest disruption to global oil markets in history, with supply expected to fall by about 8 million barrels per day in March, or around 8%...
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African officials have warned that the sharp rise in oil prices due to the conflict in Iran will challenge monetary policymaking and could hit productivity in key sectors like mining, putting the continent's ongoing economic recov...
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The US economy grew more slowly than previously estimated in the final months of last year. The US Bureau of Economic Analysis (BEA) said on Friday that Gross Domestic Product (GDP) expanded at an annualised rate of 0.7% in the fo...
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INDIAN CORPORATE
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Noida International Airport (NIA) and Akasa Air on Friday announced a strategic partnership to establish Akasa Air’s first Maintenance, Repair and Overhaul (MRO) facility at the upcoming airport located at Jewar (Uttar Pradesh). ...
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Adani Group has a greenfield capex plan of Rs 2 lakh crore annually for the next five years, according to Karan Adani, Managing Director of Adani Ports & Special Economic Zone Ltd (APSEZ).
“We will be moving from renewable capa...
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SEBI
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Capital markets regulator Sebi on Friday issued new conditions for intraday borrowing by mutual funds to address temporary liquidity mismatches while putting in place safeguards to ensure investor protection. The new framework wil...
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