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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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India and Canada have decided to focus on areas of convergence and avoid seeking concessions in sensitive sectors in the negotiations for the Comprehensive Economic Partnership Agreement (CEPA), said commerce and industry minister Piyush Goyal, winding up his three-day visit to the country.
The two sides a...
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India and the United States moved closer to deepening their trade ties as Union Minister of Commerce and Industry Piyush Goyal engaged with more than 50 prominent business and industry leaders for a closed-door roundtable discussion at New York City, in the United States. The discussions focused on expanding ...
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India has become the world's largest rice producer, surpassing China, agriculture minister Shivraj Singh Chouhan said Thursday, as the government unveiled a nationwide contingency plan ahead of the crucial kharif sowing season amid fears of a weak monsoon and increasing climate risks.
Rice production is es...
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India is undertaking the revision of Index of Industrial Production (IIP) and plans to release the new series on June 1, 2026, marking the tenth revision of base year. The Ministry of Statistics and Programme Implementation (MoSPI) has broadened the scope of the index to include 120 new item groups and enhanc...
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A US-Iran peace deal will be cheered by governments around the world. But in India, critically dependent on the Strait of Hormuz for everything from cooking fuel to fertilizers, an end to the energy squeeze of the last three months will only bring short-term relief. That’s because the Middle East crisis has e...
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Outlook for global oil demand growth for FY27 remains extremely vulnerable to geopolitical, macro-economic and policy risks, said Reliance Industries in annual report for FY26.
“Global oil demand growth is expected to be sluggish due to higher oil prices and economic slowdown in FY 2026-27 amid Middle East...
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India and Korea have agreed to address New Delhi’s concerns over the widening bilateral trade deficit within the framework of the existing Comprehensive Economic Partnership Agreement (CEPA), instead of negotiating a fresh trade pact.
“Both sides acknowledged India’s bilateral trade deficit, which has rise...
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As fuel prices rise and concerns over oil imports persist, electric vehicles (EVs) are increasingly being prescribed by policymakers, economists and industry executives as part of the solution. But while a shift to EVs may help reduce fuel consumption at the economy level, the ownership economics for many pri...
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India is seeking to diversify its sourcing network for new-age manufacturing for which it has set ambitious targets. But China’s grip over India’s clean-energy and advanced manufacturing supply chain is only getting stronger.
The northern neighbour controls more than 84% of India’s lithium-ion battery imp...
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The Centre is expected to announce a slew of measures within a week to boost foreign capital inflows and stem outflows, in a move that will help support the rupee and make it easier to finance a widening current account deficit....
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MARKET & FINANCE
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India's AIF industry is no longer in its formative years. The debate today is not whether the framework has succeeded - it has across almost every metric. Private capital today finances companies across the board, ranging from venture and growth-stage businesses to infrastructure, private credit and special s...
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For Indian travellers, making payments overseas is beginning to look very different from what it did just a few years back.
Instead of lugging around a lot of cash, stressing over forex cards, or paying high credit card conversion charges, many travellers today are increasingly using UPI at shops, restaura...
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Domestic Cushion
Further, the total PMS client base reduced by 3,738 in April 2026. The total PMS client base stands at 2.12 lakh, marking a 9.2% YoY increase. 95.7% of the total clients are invested in discretionary mode where the fund manager has full autonomy to take investment and trading decisions. Dome...
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GLOBAL CORPORATE
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Apollo Global Management and Blackstone are working to bring in additional investors for about $36 billion debt financing tied to AI startup Anthropic PBC's efforts to expand its AI infrastructure, Bloomberg News reported on Thursday.
The debt would be used to buy custom chips from Google. Anthropic would ...
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Huawei's new chip design principle focused on boosting transmission speed rather than continuing to shrink semiconductors offers a path for China to build cutting-edge chips despite U.S. sanctions, though whether it represents a true breakthrough remains to be seen.
China has been barred since 2019 from im...
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The U.S. said on Thursday it has imposed new sanctions on Iran's military oil trade, even as Washington and Tehran reached a tentative agreement to extend their ceasefire and lift restrictions on shipping through the Strait of Hormuz.
The Treasury Department said it had sanctioned eight vessels involved in...
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Banking
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India’s public sector banks, often criticised for mounting written-off loans, recovered more than Rs 35,000 crore from bad and technically written-off accounts in FY2025-26, according to annual reports and investor presentations of state-owned lenders.
The banks deployed a wide range of recovery tools — fr...
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Banks have urged the government to restore arbitration for infrastructure disputes above Rs 10 crore, arguing that the scrapping of this option could choke credit to the sector over fears of mandatory mediation and court-led resolution and delay in recoveries, said people familiar with the development.
In ...
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The Centre is exploring ways to revive the stalled privatisation of IDBI Bank, people familiar with the matter told ET. The choices include examining whether earlier rejected bids, from Prem Watsa-led Fairfax Financial Holdings and Emirates NBD, for their failure to hurdle the reserve price threshold could st...
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The consolidated net profit of listed commercial banks crossed Rs 4 lakh crore for the first time in FY26, with top three lenders - State Bank of India (SBI), HDFC Bank and ICICI Bank - making up more than half the sector's aggregate bottom-line.
Overall, private banks accounted for a slightly higher sha...
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Indian banks are among the most exposed lenders in the Asia-Pacific region, according to a report by Moody’s. This is due to the country’s heavy dependence on energy imports from West Asia. The disruption around the Strait of Hormuz is pushing oil prices higher and increasing inflationary pressures, raising i...
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GLOBAL ECONOMY
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U.S. inflation increased at its fastest pace in three years in April, driven by higher energy prices due to the Iran war and cementing economists' views that the Federal Reserve would hold interest rates unchanged well into next y...
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The number of Americans filing claims for unemployment benefits increased marginally last week amid relatively low layoffs, despite the dragging war with Iran.
Initial claims for state unemployment benefits rose 5,000 to a seas...
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New orders for key U.S.-manufactured capital goods unexpectedly fell in April after hefty gains in the prior months, but demand remains underpinned by an artificial intelligence spending boom.
Non-defense capital goods orders e...
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Brazil's economy is expected to have grown faster in the first quarter against the last three months of 2025 aided by stronger manufacturing activity, a Reuters poll showed.
The service sector also contributed to the recovery, ...
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Estimated U.S. economic growth for the first quarter was revised lower on Thursday and a closely watched measure of price pressures came in largely in line with expectations. U.S. markets opened slightly lower....
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Sri Lanka's monetary stance is broadly appropriate, and the country still has strong potential to reach the International Monetary Fund's 3% growth target, the head of the IMF's Sri Lanka mission said on Thursday....
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One of new Federal Reserve Chairman Kevin Warsh's favorite inflation measures came in cool again on Thursday, offering evidence for his belief that inflation is improving and against the view of a growing number of other policyma...
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British business sentiment edged up in May and is now close to its level before the Iran war, according to a monthly survey by Lloyds on Friday which contrasted with most other measures of business and consumer sentiment....
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Annual core inflation in Japan's capital stayed below the central bank's 2% target for a fourth straight month in May, data showed on Friday, as fuel and tuition subsidies offset rising raw material costs from the U.S.-Israeli war...
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Britain risks creating a "lost generation" as the number of young people out of work and education surges, a government-commissioned review warned Thursday.
The number of 16- to 24-year-olds not in employment, education or traini...
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US economy grew slower than expected in the first three months of 2026 as inflation, rising fuel prices and uncertainty linked to the Iran war continued to pressure households and businesses. Economists say the ongoing conflict in...
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INDIAN CORPORATE
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Reliance Industries, which has committed `75,000 crore towards clean energy investments, on Thursday said its 40 Gwh (gigawatt-hour) battery complex in Jamnagar, where it operates the world’s largest single-location oil refinery, ...
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Reliance Industries Ltd (RIL) said it secured multiple landmark overseas financing deals in FY26, including the largest Samurai loan raised by an Indian corporate, while Chairman and Managing Director Mukesh Ambani continued to fo...
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Reliance Industries Limited executed the largest-ever Samurai loan raised by an Indian corporate and completed three first-of-their-kind global financing deals in FY 2025-26, as the conglomerate strengthened its access to internat...
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Chinese smartphone maker Xiaomi is bringing in a Chinese national, Alexander Tang, to lead the India business as part of a strategic shift aimed at arresting its falling market share, said industry executives familiar with the mat...
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Reliance Industries has placed Jio Platforms at the centre of its future growth strategy, with chairman and managing director Mukesh Ambani outlining a vision for the company built around AI, digital infrastructure, and clean ener...
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Diversified conglomerate Reliance Industries (RIL) extended loans, advances and equity support to businesses across new energy, retail, FMCG and digital services, its FY26 annual report shows. The loans were to the tune of over Rs...
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The board of Tata Sons was briefed on Air India’s turnaround plans last Tuesday, with inputs from global consulting firm McKinsey & Company, according to persons familiar with the matter.
The airline is undergoing a sweeping tr...
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COMMERCIAL LAW
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FDI was supposed to be the dependable -kind of foreign money the kind that built factories, brought technology and stayed for the long haul. FPI was the flighty cousin, quick to exit when markets turned. But India's net FDI has no...
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Insolvency
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Creditors have realised more than Rs 4 lakh crore through resolution processes under the insolvency law, which has been in force for ten years.
Also, over 30,000 cases involving a total amount of nearly Rs 14 lakh crore filed bef...
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