October 08, 2025

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IMC EVENTS

NOTICE

OTHER EVENTS

 

15
Oct

40th Trade Expo Indonesia Exhibition | Seminar | Business Matching | Trade Mission- 15th to 19th October 2025

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19
Nov

Match4industry Business Matchmaking Event- 19th-20th November 2025

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Notifications

 
CUSTOMS

7
Oct

Notification No. 62/2025 (Delhi)
S.O.... (E).- In exercise of the powers conferred by section 3, sub-section (1) of section 4 and sub-sections (1), (4) and (5) of section 5 read with sub-section (34) of section 2 of the Customs Act,

7
Oct

Notification No. 63/2025 (Delhi)
S.O... (E).-In exercise of the powers conferred by sub-sections (1A), (4) and (5) of section 5 read with sub-section (34) of section 2 of the Customs Act, 1962

7
Oct

Circular No 24/2025 (Delhi)
Auto-approval of Incentive Bank Account and IFSC Code Registration requests across all customs locations - reg.

4
Oct

Notification No. 58/2025 (Delhi)
S.O. (E). In exercise of the powers conferred by sub-section (1) of section 4, read with section 3 and sub sections (1) and (1A) of section 5 of the Customs Act, 1962

4
Oct

Notification No. 59/2025 (Delhi)
G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 5 of the Customs Tariff Act, 1975

4
Oct

Notification No. 60/2025 (Delhi)
S.O. … (E).– In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962

4
Oct

Notification No. 61/2025 (Delhi)
G.S.R. (E). - In exercise of the powers conferred by section 157, read with sections 30, 30A, 41, 41A, 53, 54, 56, sub-section (3) of section 98 and sub-section (2) of section 158 of the Customs Act,

RBI

4
Oct

RBI/2025-26/90 (Delhi)
Investment in Corporate Debt Securities by Persons Resident Outside India through Special Rupee Vostro account

4
Oct

RBI/2025-26/91 (Delhi)
International Trade Settlement in Indian Rupees (INR)

3
Oct

RBI/2025-26/83 (Delhi)
Reserve Bank of India (Interest Rate on Advances) (Amendment Directions), 2025

3
Oct

RBI/2025-26/84 (Delhi)
Reserve Bank of India (Lending Against Gold and Silver Collateral) – (1st Amendment) Directions, 2025

3
Oct

RBI/2025-26/85 (Delhi)
Reserve Bank of India (Basel III Capital Regulations - Perpetual Debt Instruments (PDI) in Additional Tier 1 Capital – Eligible Limit for Instruments Denominated in Foreign Currency/Rupee Denominated

3
Oct

RBI/2025-26/86 (Delhi)
Reserve Bank of India (Basel III Capital Regulations - Perpetual Debt Instruments (PDI) in Additional Tier 1 Capital – Eligible Limit for Instruments Denominated in Foreign Currency/Rupee Denominated

3
Oct

RBI/2025-26/87 (Delhi)
Reserve Bank of India (Basel III Capital Regulations - Perpetual Debt Instruments (PDI) in Additional Tier 1 Capital – Eligible Limit for Instruments Denominated in Foreign Currency/Rupee Denominated

3
Oct

RBI/2025-26/88 (Delhi)
Merchanting Trade Transactions (MTT) – Review of time period for outlay of foreign exchange

3
Oct

RBI/2025-26/89 (Delhi)
Export Data Processing and Monitoring System (EDPMS) & Import Data Processing and Monitoring System (IDPMS) – reconciliation of export /import entries – Review of Guidelines

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INDIAN ECONOMY

Taiwan wants FTA with India, will reduce tariffs on Indian farms products, says Taiwanese economist

A free trade agreement (FTA) between Taiwan and India would be mutually beneficial, which would not only boost ties but also create economic opportunities for both sides, Kristy Hsu, who is director of the Taiwan-ASEAN Studies Center at Chung-Hua Institution for Economic Research, has said. India will play...

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World Bank raises India’s FY26 growth forecast to 6.5% but fears tariffs hit on exports next year

The World Bank has raised India’s growth forecast to 6.5 percent for FY26 from its earlier projection of 6.3 percent in June citing resilient domestic demand, strong rural recovery and the positive impact of tax reforms, a statement said on October 7, however, it is cautious on next year's growth due to the i...

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White-collar hiring climbs 17% in Sept on festive demand, Tier-2 growth

India’s white-collar job market grew 17% year-on-year and 4% month-on-month in September 2025, driven by festive season demand and continued market resilience, according to the latest foundit Insights Tracker. Tier-2 and tier-3 cities led the uptrend with a 21% increase in hiring activity, outpacing the 14% g...

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India–EFTA TEPA explained: Growth, investment, and affordable European products for Indian consumers

The India–European Free Trade Association (EFTA) Trade and Economic Partnership Agreement (TEPA), signed on March 10, 2024, and effective from October 1, 2025, marks a historic milestone in India’s trade diplomacy. For the first time, India has entered into a comprehensive agreement with developed European na...

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Consumer spending expected to touch Rs 14 lakh crore this festive season: Report

With consumer sentiment getting a major boost from the recent GST rate cuts, total consumer spending during this festive season is expected to be in the range of Rs 12 lakh crore to Rs 14 lakh crore, according to a report by the Bank of Baroda. The report noted that total consumption spending related to fe...

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India to account for 12% of global energy demand by 2050: BP Chief Economist

India’s oil demand is expected to grow more than any other nation and will account for over 12% of the world’s energy demand by 2050, up from 7% in 2023, BP’s chief economist Spencer Dale said on Monday while presenting the bp energy outlook for 2025. Dale projects the country’s oil demand to grow to 9.1 m...

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Another round of next-gen reforms likely before Diwali: Niti CEO

India should lower tariffs and dismantle non-tariff barriers across the value chain, as opening its markets is critical to improving competitiveness in manufacturing, NITI Aayog CEO BVR Subrahmanyam said on Monday. Stating that India lacks many manufacturing intermediates, he said the upcoming National Man...

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MARKET & FINANCE

Analysis-Private Credit Cash Pivots From 'Risky' West to Emerging Markets

An intricate series of pipes off Angola's Atlantic coast snakes toward a new fuel refinery that signals the country's push for energy independence — and its use of private creditors, instead of banks, to fund a big-ticket project. "We're not the lender of last resort," said Felipe Berliner, co-founder of e...

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Passive funds boom: AUM soars 6.4X to Rs 12.2 lakh crore in 6 years; investors shifting to index funds, reveals survey

A survey has revealed that the assets under management (AUM) of passive mutual funds have jumped to Rs 12.2 lakh crore in 2025 from Rs 1.91 lakh crore in 2019, a 6.4-fold increase or 36% CAGR over 6 years. In just over two years since March 2023, the AUM of these funds has grown 1.7 times or 26% CAGR, accordi...

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GLOBAL CORPORATE

Trump Imposing New 25% Large Truck Tariff Starting Nov. 1

President Donald Trump said Monday that all medium- and heavy-duty trucks imported into the United States will face a 25% tariff rate starting November 1, a significant escalation of his effort to protect U.S. companies from foreign competition. Trump last month had said heavy truck imports would face new ...

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UK Construction Gloom Persists in September, PMI Data Shows

British construction activity shrank for a ninth month in a row in September, though at the slowest pace in three months, and broader private sector activity fell for the first time since April, a business survey showed on Monday. The S&P Global Purchasing Managers' Index for the construction sector rose t...

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Tesla's German Car Sales Fall in September Though Wider EV Sales Jump

Tesla's sales volume in Germany fell by 9.4% in September, the German road traffic agency KBA said on Monday, although overall sales of battery electric vehicles rose by 31.9% year on year. Registrations of new Tesla cars had risen in parts of Europe in September, lifted by its updated Model Y. But the U.S...

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Factbox-US Holiday Sales Growth to Be Muted This Year, Forecasts Show

U.S. retailers brace for a subdued holiday shopping season this year as the economic fallout from President Donald Trump's erratic trade policies leaves shoppers more cautious about buying extravagant gifts. The holiday selling season spans over three months from November to the end of January, including k...

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US FCC to Vote to Tighten Restrictions on Chinese Telecom Equipment

The Federal Communications Commission will vote this month to tighten restrictions on telecommunications equipment made by Chinese companies deemed national security risks, the latest in a series of U.S. actions targeting Beijing. The U.S. telecom regulator previously named companies including Huawei Techn...

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US Spirits Exports Tumble as Drinkers Shun American Brands, Industry Warns

Exports of U.S. spirits fell 9% in the second quarter, according to a report by the Distilled Spirits Council of the United States published on Monday, which warned that trade tensions were hitting demand in key markets. The decline marked a sharp reversal from 2024's strong export performance, with steep...

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Banking

Human error mars pilot for same-day cheque clearing

A procedural misstep marred the Reserve Bank of India’s (RBI) ambitious upgrade to same-day cheque settlements. On October 3, the central bank commenced a test run of its same-day cheque clearance system, a significant technological shift intended to replace the long-standing overnight settlement cycle. Howev...

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Bank of Maharashtra logs 17% rise in credit growth in July-September quarter

The state-owned Bank of Maharashtra (BoM) has reported a 16.8 per cent credit growth of Rs 2.54 lakh crore in the second quarter of this financial year. Total advances stood at Rs 2.17 lakh crore as of September 30, 2024, BoM said in a regulatory filing on Monday. The Pune-based lender reported a 12.1 p...

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RBIs latest policy measures are big relief for NBFCs and infra lending NBFCs: Morgan Stanley

The Reserve Bank of India's (RBI) October policy measures are major relief to India's non-banking financial companies (NBFCs) according to a Morgan Stanley report. The report interprets the policy changes as reflecting a supportive stance towards NBFCs and infrastructure financing sectors. Morgan Stanle...

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GLOBAL ECONOMY

Trade Report
Country Month Link
Switzerland July 2019 Click
Pakistan Central Bank says further rate cuts hinge on IMF review

Pakistan’s central bank governor sees inflation holding steady, although further interest-rate cuts will depend on the impact of the recent devastating floods and the outcome of an ongoing International Monetary Fund review. Th...

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‘Overall, score card is negative’: Gita Gopinath on what US tariffs have accomplished so far

Professor of Economics at Harvard University and former Chief Economist of the International Monetary Fund, Gita Gopinath, assessing the accomplishments of the US’ tariffs on its trading partners gave it a negative score. In the s...

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Greece Forecasts Economy to Grow at Faster Pace in 2026

The Greek government expects economic growth of 2.4% next year, outperforming Europe's major economies, thanks to higher investment and robust consumer spending, according to the country's 2026 draft budget cited by the fiscal cou...

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Better Policies, Deeper Markets Help Emerging Economies Weather Shocks, Says IMF

Emerging market economies have become better at weathering major global economic shocks thanks to their credible inflation targeting, improved foreign exchange regimes and strong fiscal guardrails, a study by the International Mon...

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France's Political Paralysis Sparks Fresh Credit Rating Warnings

Rating agencies issued a fresh round of warnings about France's sovereign credit score on Monday, as the resignation of Prime Minister Sebastien Lecornu less than a month into the job underscored the scale of the country's politic...

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US Unemployment Claims Rise Moderately Amid Labor Market Freeze

The number of Americans filing new applications for unemployment benefits increased marginally during the last week of September, data from Haver Analytics showed, pointing to a still-low level of layoffs even as hiring has stalle...

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Brazil's Central Bank Chief Points to Clear Signs Economy Remains Heated

Brazil's central bank chief Gabriel Galipolo on Monday highlighted what he called unmistakable signs that Latin America's largest economy remains strong, citing the heated labor market and the current account deficit. Speaking ...

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New Zealand Q3 Business Confidence Worsens, Think Tank Says

New Zealand's business confidence in the third quarter worsened as inflation pressures ticked up, a private think tank said on Tuesday. A net 18% of firms surveyed expected general business conditions to improve compared with 2...

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Gold Set to Become Australia's Second-Biggest Resource Earner

Australia said on Tuesday it expected gold to become its second most valuable resource export after iron ore this financial year, dislodging liquefied natural gas, as concerns over geopolitical instability fuel demand for the safe...

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Japan's Solid Household Spending in August Bodes Well for Consumption

Japanese household spending rose at a faster pace than expected in August, government data showed on Tuesday, with consumers feeling relatively upbeat in a promising sign for the recovery in private consumption. The latest figu...

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Australia Consumer Sentiment Slides for a Second Month in October

A measure of Australian consumer sentiment slid for a second straight month in October as concerns about family finances returned amid speculation interest rates might not fall any further, a survey showed on Tuesday. A Westpac...

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Philippine Annual Inflation at 1.7% in September

Philippine annual inflation was1.7% in September, above the previous month's 1.5% rate, the statistics agency said on Tuesday. Economists in a Reuters poll had expected annual inflation to pick up to 2.0% in September....

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Analysis-China Accelerates Oil Reserve Site Build Amid Stockpiling Drive

China is building oil reserve sites at a rapid clip as part of a campaign to boost crude stockpiles that increased in urgency after Russia's Ukraine invasion upended global energy flows and has accelerated this year, according to ...

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Morning Bid: Deepening Gloom in Paris

A look at the day ahead in European and global markets from Rae Wee France finds itself in the depths of a political crisis once again as it cycles through five prime ministers in 21 months - hardly good news for any investor l...

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If Trump’s tariffs are ruled illegal, businesses expect refund chaos

President Donald Trump has warned of disaster if the Supreme Court overturns his signature tariffs. For starters, it would unleash a bureaucratic nightmare involving reams of refund paper checks. Should Trump’s country-based ta...

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INDIAN CORPORATE

HAL Poised For Growth With Strong Order Book

The ministry of defence (MoD) has signed a contract with Hindustan Aeronautics Ltd (HAL) for the procurement of 97 LCA (Light Combat Aircraft) Mk-1A aircraft worth Rs 62,400 crore/Rs 624 billion (excluding taxes). As part of th...

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Kalyan Jewellers sees slowest growth in four quarters in Q2

Kalyan Jewellers reported its slowest sales growth in four quarters in the July-September period (Q2FY26), with demand tempered by rising gold prices, though festive season sales led by Navratri did offset some of the impact. C...

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SC to hear Vodafone Idea’s AGR dues waiver plea on October 13

The Supreme Court on Monday said it will hear Vodafone Idea’s plea seeking a waiver of interest, penalties, and interest on penalties for adjusted gross revenue (AGR) dues demanded by the Department of Telecommunications (DoT) on ...

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Vodafone Idea AGR dues: Government may waive interest and penalties in $22.5 billion AGR dispute – Report

The latest on Vodafone’s AGR dispute- A recent Bloomberg report indicates that the Government may consider a one-time settlement of dues and interest worth billions of dollars from Vodafone India. This comes as the Indian governme...

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Eli Lilly to invest $1 billion in India for manufacturing and quality hub

US pharmaceutical company Eli Lilly and Company plans to invest over $1 billion in India over the next few years to set up new contract manufacturing facilities and a manufacturing and quality hub in Hyderabad. The investment will...

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GST

Explainer: How inverted duties mess up GST rate cuts

By Bipin Sapra and Swati Saraf The current ITC refund mechanism does not take into account the GST paid on input services and capital goods. Aligning rates, enabling refunds, and gradually moving toward a unified rate will give businesses certainty and foster long-term investment, explain Bipin Sapra & Sw...

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