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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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16
Mar
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Circular No. 11/2026
(Delhi)
Facilitation in import of pet dogs and pet cats along with stranded Indians in war-hit Middle East countries - regarding.
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16
Mar
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Notification No. 25/2026
(Delhi)
S.O. … (E).– In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962
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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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INCOME TAX
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16
Mar
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Notification No. 17/2026
(Delhi)
S.O. 571(E).—In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961
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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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Unemployment rate in urban areas fell to a three month low of 6.6% in Feb from 7% in the preceding month, signaling a recovery in the labour market in cities, while the rural joblessness rate remained unchanged at 4.2% during the month, the latest periodic labour force survey monthly bulletin released by Nati...
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India’s merchandise trade deficit narrowed to $27.1 billion in February from $34.68 billion in January, as per a report by PTI.
Merchandise exports marginally rose to $36.61 billion from $36.56 billion in January, while imports fell to $63.71 billion from $71.24 billion....
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The unemployment rate (UR) among persons aged 15-29 years rose to a four-month high of 14.8% in February, underscoring fewer job opportunities for the country’s youth, according to the Periodic Labour Force Survey (PLFS) released by the Ministry of Statistics and Programme Implementation on Monday.
The une...
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Export of merchandise fell 0.8% year-on-year to $36.61 billion in February, but the trade deficit contracted sequentially to $27.1 billion from $34.68 billion in January, due to a month-on-month slowing of imports. February trade deficit was, however, much higher than $14 billion in the year-ago month which s...
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MARKET & FINANCE
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With barely two weeks left for the financial year to end on March 31, investors have one last chance to review their portfolios and manage their capital gains tax liability. The recent correction in stock market, though unsettling for many investors, can actually provide a useful window for tax planning....
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Indian government bonds declined in early trade on Tuesday, pressured by heavy state debt supply toward the end of the financial year and by oil prices that held well above $100 a barrel. The benchmark 6.48% 2035 bond yield was at 6.7118% as of 10 a.m. IST, after ending the previous session at 6.7059%. Bond y...
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Foreign portfolio investors are not turning bearish on India, they are simply turning cautious as geopolitical tensions and volatile crude prices cloud near-term visibility, said Nitin Jain, chief executive and director, Kotak Mahindra Asset Management Singapore.
Jain said global investors are struggling t...
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Remittances from the Gulf countries have seen a marginal dip of around 4–5% in recent weeks as geopolitical tensions in West Asia prompt caution among migrant workers, forex intermediaries said. However, banks have denied any structural slowdown in inflows so far.
Industry participants said the moderation ...
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The FII selling is picking momentum. After a net sell of a whopping Rs 10,716.64 crore on March 13, foreign institutional investors net sold Rs 9,365.52 crore on March 16. With this, they have net sold over Rs 66,000 crore in March so far. For 2026 so far, they have already net sold over Rs 1 lakh crore. What...
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GLOBAL CORPORATE
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Taiwan’s Foxconn, the world’s largest contract electronics maker, expects its AI server rack shipments to grow at a “high double-digit” pace in the first quarter and potentially double for the full year 2026, signalling a sharp acceleration in its AI push....
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Nvidia said the revenue opportunity for its artificial intelligence chips may reach at least $1 trillion through 2027, as the company outlined a strategy to compete more aggressively in the fast-growing market for running AI systems in real time.
CEO Jensen Huang unveiled a new central processor and an AI ...
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Alphabet's Google is in talks with Envicool and other Chinese firms about buying liquid cooling equipment for data centres, according to people with knowledge of a visit to China by one of the U.S. firm's procurement teams.
Liquid cooling systems - which circulate water or other liquid over or around equip...
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Skilled tech professionals, especially from India, are bearing the brunt of President Donald Trump’s September 2025 $100,000 one-time fee on certain new H-1B visa petitions. Mid-sized firms and consultancies have rescinded job offers, delayed start dates, or halted international hiring altogether rather than ...
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Banking
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Banks have written off loans worth Rs 9.75 lakh crore in the last 11 financial years, Minister of State for Finance Pankaj Chaudhary said on Monday.
The write off peaked in FY20 at Rs 1.59 lakh crore, and since then it has been declining to Rs 47,568 crore in FY25.
...
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In global banking today, a payment system slowing down for even a few minutes can disrupt thousands of transactions across countries. With instant transfers, card payments, and mobile banking running around the clock, financial institutions are increasingly turning to artificial intelligence (AI) to identify ...
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The valuation gap between public sector banks (PSBs) and private lenders has been narrowing in recent months as the state-owned lenders continue to report stronger balance sheets and sustained profitability. Data from the NSE show that the trailing twelve-month price-to-earnings (P/E) ratio gap between the Ni...
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GLOBAL ECONOMY
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Canada's annual inflation rate fell to 1.8% in February, after prices in the same period a year ago had risen sharply when the government's sales tax relief ended, Statistics Canada said on Monday.
Excluding the effect of indir...
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Germany's special fund for infrastructure has largely failed to generate additional investment one year after its approval, the German Economic Institute (IW) said in a study seen by Reuters on Tuesday. IW said 86% of the money...
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Australia's central bank raised rates for a second straight month in a tight call on Tuesday, warning of a "material" risk to inflation as policymakers stepped into a volatile global backdrop amid an intensifying Middle East war.
...
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US factory production increased marginally in February as strength in motor vehicle output was offset by weakness in machinery, data showed on Monday.
Manufacturing output rose 0.2% last month after an upwardly revised 0.8% gai...
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INDIAN CORPORATE
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The ongoing Iran war has put capex investment of at least 800 small and medium companies at risk. These companies had cumulatively invested $1.3 billion in the United Arab Emirates (UAE) in the last six months, data compiled by M...
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Tata Consultancy Services on 17 March said it has launched a new artificial intelligence (AI) platform, developed with Nvidia, aimed at helping enterprises move faster from Al pilots to large-scale deployment.
The platform, calle...
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Reliance Industries Limited (RIL) has
entered into a binding long-term supply and purchase agreement (SPA), valued at over $3 billion, with Samsung C&T Corporation, for the supply of green ammonia over a 15-year period starting i...
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GST
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1. In terms of the provisions of Section 50 of the Central Goods and Services Tax (CGST) Act, 2017, interest is payable where the tax liability pertaining to a previous tax period is discharged in a subsequent tax period. Accordingly, the tab “Tax Liability Breakup, As Applicable” in Form GSTR-3B is meant t...
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State moved to crack down on GST evasion by
event organisers and suppliers from other states who provide services at fashion shows, concerts, exhibitions, theatrical performances, beauty pageants and sports events. State tax commissioner Sarpreet Singh Gill issued a directive making venue operators and prope...
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