December 07, 2025

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IMC EVENTS

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Notifications

 
INCOME TAX

5
Dec

Notification No. 166/2025 (Delhi)
S.O. 5551(E).— In the exercise of the powers conferred by clause (b) of sub-section (2) of section 80G of the Income-tax Act, 1961

2
Dec

Notification No. 163/2025 (Delhi)
S.O. 5442(E).— In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961

2
Dec

Notification No. 164/2025 (Delhi)
S.O. 5441(E).—In exercise of the powers conferred by sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, 1961

2
Dec

Notification No. 165/2025 (Delhi)
S.O. 5440(E).— In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961

RBI

5
Dec

RBI/DOR/2025-26/191 (Delhi)
Reserve Bank of India (Small Finance Banks – Securitisation Transactions) Directions, 2025

5
Dec

RBI/DOR/2025-26/192 (Delhi)
Reserve Bank of India (Small Finance Banks - Interest Rates on Advances) Directions, 2025

5
Dec

RBI/DOR/2025-26/193 (Delhi)
Reserve Bank of India (Small Finance Banks – Classification, Valuation, and Operation of Investment Portfolio) Directions, 2025

5
Dec

RBI/DOR/2025-26/194 (Delhi)
Reserve Bank of India (Small Finance Banks – Asset Liability Management) Directions, 2025

5
Dec

RBI/DOR/2025-26/195 (Delhi)
Reserve Bank of India (Small Finance Banks – Income Recognition, Asset Classification and Provisioning) Directions, 2025

5
Dec

RBI/DOR/2025-26/196 (Delhi)
Reserve Bank of India (Small Finance Banks – Resolution of Stressed Assets) Directions, 2025

5
Dec

RBI/DOR/2025-26/197 (Delhi)
Reserve Bank of India (Small Finance Banks – Treatment of Wilful Defaulters and Large Defaulters) Directions, 2025

5
Dec

RBI/DOR/2025-26/198 (Delhi)
Reserve Bank of India (Small Finance Banks - Financial Statements: Presentation and Disclosures) Directions, 202

5
Dec

RBI/DOR/2025-26/199 (Delhi)
Reserve Bank of India (Small Finance Banks – Prudential Norms on Declaration of Dividends) Directions, 2025

5
Dec

RBI/DOR/2025-26/200 (Delhi)
Reserve Bank of India (Small Finance Banks – Know Your Customer) Directions, 2025

5
Dec

RBI/DOR/2025-26/171 (Delhi)
Reserve Bank of India (Commercial Banks – Managing Risks in Outsourcing) Directions, 2025

5
Dec

RBI/DOR/2025-26/172 (Delhi)
Reserve Bank of India (Commercial Banks - Climate Finance and Management of Climate Change Risks) Directions, 2025

5
Dec

RBI/DoR/2025-26/173 (Delhi)
Reserve Bank of India (Commercial Banks – Forthcoming Instructions) Directions, 2025

5
Dec

RBI/DOR/2025-26/174 (Delhi)
Reserve Bank of India (Commercial Banks – Miscellaneous) Directions, 2025

5
Dec

RBI/DOR/2025-26/175 (Delhi)
Reserve Bank of India (Small Finance Banks – Licensing) Guidelines, 2025

5
Dec

RBI/DOR/2025-26/176 (Delhi)
Reserve Bank of India (Small Finance Banks – Acquisition and Holding of Shares or Voting Rights) Directions, 2025

5
Dec

RBI/DoR/2025-26/177 (Delhi)
Reserve Bank of India (Small Finance Banks - Voluntary Amalgamation) Directions, 2025

5
Dec

RBI/DOR/2025-26/178 (Delhi)
Reserve Bank of India (Small Finance Banks - Branch Authorisation) Directions, 2025

5
Dec

RBI/DOR/2025-26/381 (Delhi)
Reserve Bank of India (Small Finance Banks – Digital Banking Channels Authorisation) Directions, 2025

5
Dec

RBI/DOR/2025-26/179 (Delhi)
Reserve Bank of India (Small Finance Banks – Undertaking of Financial Services) Directions, 2025

5
Dec

RBI/DOR/2025-26/180 (Delhi)
Reserve Bank of India (Small Finance Banks - Governance) Directions, 2025

5
Dec

RBI/DOR/2025-26/181 (Delhi)
Reserve Bank of India (Small Finance Banks – Cash Reserve Ratio and Statutory Liquidity Ratio) Directions, 2025

5
Dec

RBI/DOR/2025-26/182 (Delhi)
Reserve Bank of India (Small Finance Banks – Prudential Norms on Capital Adequacy) Directions, 2025

5
Dec

RBI/DoR/2025-26/183 (Delhi)
Reserve Bank of India (Small Finance Banks- Resource Raising Norms) Directions, 2025

5
Dec

RBI/DOR/2025-26/184 (Delhi)
Reserve Bank of India (Small Finance Banks – Interest Rate on Deposits) Directions, 2025

5
Dec

RBI/DOR/2025-26/185 (Delhi)
Reserve Bank of India (Small Finance Banks – Credit Facilities) Directions, 2025

5
Dec

RBI/DOR/2025-26/186 (Delhi)
Reserve Bank of India (Small Finance Banks – Credit Cards and Debit Cards: Issuance and Conduct) Directions, 2025

5
Dec

RBI/DOR/2025-26/187 (Delhi)
Reserve Bank of India (Small Finance Banks – Credit Information Reporting) Directions, 2025

5
Dec

RBI/DOR/2025-26/188 (Delhi)
Reserve Bank of India (Small Finance Banks – Credit Risk Management) Directions, 2025

5
Dec

RBI/DOR/2025-26/190 (Delhi)
Reserve Bank of India (Small Finance Banks – Transfer and Distribution of Credit Risk) Directions, 2025

5
Dec

RBI/DOR/2025-26/189 (Delhi)
Reserve Bank of India (Small Finance Banks - Concentration Risk Management) Directions, 2025

3
Dec

RBI/2025-26/100 (Delhi)
Consolidation of Regulations – Withdrawal of circulars

3
Dec

RBI/DOR/2025-26/144 (Delhi)
Reserve Bank of India (Setting Up of Wholly Owned Subsidiaries by Foreign Banks) Guidelines, 2025

3
Dec

RBI/2025-26/99 (Delhi)
Compliance with Know Your Customer (KYC) norms

3
Dec

RBI/DOR/2025-26/143 (Delhi)
Reserve Bank of India (Universal Banks- Licensing) Guidelines, 2025

3
Dec

RBI/DOR/2025-26/145 (Delhi)
Reserve Bank of India (Commercial Banks – Acquisition and Holding of Shares or Voting Rights) Directions, 2025

3
Dec

RBI/DoR/2025-26/146 (Delhi)
Reserve Bank of India (Commercial Banks - Voluntary Amalgamation) Directions, 2025

3
Dec

RBI/DOR/2025-26/147 (Delhi)
Reserve Bank of India (Commercial Banks - Branch Authorisation) Directions, 2025

3
Dec

RBI/DOR/2025-26/380 (Delhi)
Reserve Bank of India (Commercial Banks – Digital Banking Channels Authorisation) Directions, 2025

3
Dec

RBI/DOR/2025-26/148 (Delhi)
Reserve Bank of India (Commercial Banks – Undertaking of Financial Services) Directions, 2025

3
Dec

RBI/DOR/2025-26/150 (Delhi)
Reserve Bank of India (Commercial Banks – Cash Reserve Ratio and Statutory Liquidity Ratio) Directions, 2025

3
Dec

RBI/DOR/2025-26/151 (Delhi)
Reserve Bank of India (Commercial Banks- Prudential Norms on Capital Adequacy) Directions, 2025

3
Dec

RBI/DoR/2025-26/152 (Delhi)
Reserve Bank of India (Commercial Banks-Resource Raising Norms) Directions, 2025

3
Dec

RBI/DOR/2025-26/153 (Delhi)
Reserve Bank of India (Commercial Banks – Interest Rate on Deposits) Directions, 2025

3
Dec

RBI/DOR/2025-26/154 (Delhi)
Reserve Bank of India (Commercial Banks – Credit Facilities) Directions, 2025

3
Dec

RBI/DOR/2025-26/155 (Delhi)
Reserve Bank of India (Commercial Banks – Credit Cards and Debit Cards: Issuance and Conduct) Directions, 2025

3
Dec

RBI/DOR/2025-26/156 (Delhi)
Reserve Bank of India (Commercial Banks- Credit Information Reporting) Directions, 2025

3
Dec

RBI/DOR/2025-26/157 (Delhi)
Reserve Bank of India (Commercial Banks – Credit Risk Management) Directions, 2025

3
Dec

RBI/DOR/2025-26/158 (Delhi)
Reserve Bank of India (Commercial Banks - Concentration Risk Management) Directions, 2025

3
Dec

RBI/DOR/2025-26/159 (Delhi)
Reserve Bank of India (Commercial Banks- Transfer and Distribution of Credit Risk) Directions, 2025

3
Dec

RBI/DOR/2025-26/160 (Delhi)
Reserve Bank of India (Commercial Banks – Securitisation Transactions) Directions, 2025

3
Dec

RBI/DOR/2025-26/161 (Delhi)
Reserve Bank of India (Commercial Banks - Interest Rates on Advances) Directions, 2025

3
Dec

RBI/DOR/2025-26/162 (Delhi)
Reserve Bank of India (Commercial Banks – Classification, Valuation, and Operation of Investment Portfolio) Directions, 2025

3
Dec

RBI/DOR/2025-26/163 (Delhi)
Reserve Bank of India (Commercial Banks – Asset Liability Management) Directions, 2025

3
Dec

RBI/DOR/2025-26/164 (Delhi)
Reserve Bank of India (Commercial Banks – Income Recognition, Asset Classification and Provisioning) Directions, 2025

3
Dec

RBI/DOR/2025-26/165 (Delhi)
Reserve Bank of India (Commercial Banks – Resolution of Stressed Assets) Directions, 2025

3
Dec

RBI/DOR/2025-26/166 (Delhi)
Reserve Bank of India (Commercial Banks – Treatment of Wilful Defaulters and Large Defaulters) Directions, 2025

3
Dec

RBI/DOR/2025-26/167 (Delhi)
Reserve Bank of India (Commercial Banks - Financial Statements: Presentation and Disclosures) Directions, 2025

3
Dec

RBI/DOR/2025-26/168 (Delhi)
Reserve Bank of India (Commercial Banks – Prudential Norms on Declaration of Dividends and Remittance of Profit) Directions, 2025

3
Dec

RBI/DOR/2025-26/169 (Delhi)
Reserve Bank of India (Commercial Banks – Know Your Customer) Directions, 2025

3
Dec

RBI/DOR/2025-26/170 (Delhi)
Reserve Bank of India (Commercial Banks - Responsible Business Conduct) Directions, 2025

2
Dec

RBI/FED/2025-26/98 (Delhi)
Amendments to Directions - Compounding of Contraventions under FEMA, 1999

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INDIAN ECONOMY

RBI clarifies IMF's remarks on its data

RBI deputy governor Poonam Gupta has responded to recent IMF comments questioning the quality of India’s growth data and classifying the rupee’s exchange rate regime as a “crawling peg” within a managed float system. On the concern regarding data quality, Gupta said that the IMF’s critique is more procedur...

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Indian businesses can replace void left by Western companies in Russia, says Roscongress CEO Stuglev

India can certainly expand its footprint in the Russian market by stepping into businesses and sectors left open after the exit of some of the Western firms in the recent past, Roscongress Foundation CEO Alexander Stuglev said, expressing optimism in India's ability to fill that space. "Certainly, I do bel...

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Budget 2026: States may get bigger capex push as Centre plans higher interest-free loans

The central government is considering raising long-term interest-free loans to states in the budget for 2026-27 for their capital asset creation, expecting the high multiplier effect of such productive spending to further bolster economic growth, a person familiar with the initial deliberations told ET. Th...

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Putin hints at early signing of preferential trade pact to strengthen multi-faceted ties with India

Russian President Vladimir Putin, in the ongoing two-day visit on Friday, said that early signing of the preferential trade agreement will facilitate the movement of goods, services and capital. The trade agreement is between India and the Eurasian Economic Union (EAEU), which held the first round of negotiat...

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RBI sticks to growth script: Door open for more rate cuts

It was a googly that caught markets off guard. After the sharp slide in the rupee, speculation had mounted that the central bank was nearing the end of its rate-easing cycle. But the six-member Monetary Policy Committee (MPC) had other ideas, voting unanimously on Friday to cut the repo rate by 25 basis point...

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What is India – Russia Economic Cooperation Plan 2030? Putin and Modi set major trade goals

Russian President Vladimir Putin’s ongoing visit to India entered its second day on Friday as the two countries firmed up an ambitious roadmap to improve their long-standing strategic partnership against the backdrop of Western sanctions and a turbulent global order. Meeting in New Delhi, Prime Minister Na...

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India diversifies fertiliser sources to Germany, Egypt, US as China slows exports

Amid reports of China withholding exports of speciality fertilisers to India over the past few months, domestic companies have turned to alternative suppliers in Belgium, Egypt, Germany, Morocco and the United States to bridge the supply gap, the government informed Parliament on Friday. In a written reply...

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India’s GDP to grow 7% in Q3 and Q4, full-year outlook at 7.6%: SBI Research

SBI Research said that India’s GDP is expected to see a 7 per cent growth in the third and fourth quarters of fiscal year 2025-26. As the GDP growth rate in Q1 and Q2 was at 7.8 per cent and 8.2 per cent, the overall growth rate for FY26 is projected at 7.6 per cent, the report added. “After GST rationali...

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Select products can grow India’s exports to Russia: GTRI

India can grow its exports to Russia seven-fold if it can crack the market for food, pharma, textiles and machinery, according to a study by trade policy think tank Global Trade Research Initiative (GTRI) India supplies barely 2.4% of Russia’s total imports of $ 202.6. While bilateral commerce is nearing $...

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GST cuts on fertilisers & agri-equipments lowered farming costs: Nadda

The reduction in GST on micronutrient fertilisers from 12% to 5% as announced by the government on September 22, 2025 has reduced the cost of production of small and marginal farmers who are often sensitive to price fluctuations, fertilizer minister JP Nadda said in parliament on Friday. What did Nadda say...

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Modi, Putin vow to deepen trade and energy ties

India and Russia on Friday adopted a programme for greater economic cooperation that will run till 2030, address the barriers hampering the goods and capital flows and quicken implementation of joint projects including a second collaborative nuclear power unit in India. The Programme for the Development of...

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Inflation is dead (for now): Why the RBI just slashed rates to 2%

India’s inflation rate has fallen to a six-year low. The RBI now projects inflation to be 2% in the next fiscal year. This is far below recent historical levels of 6% per year. US inflation has also fallen to 3% this year, from a high of 7% in 2021. This is despite a large increase in tariffs. Inflation h...

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MARKET & FINANCE

FPI rulebook revamp: Sebi proposes simplified registrations; clearer KYC rules, unified framework on cards

Sebi on Friday proposed a comprehensive overhaul of the Foreign Portfolio Investor (FPI) framework, aiming to streamline registrations and introduce an abridged application option for related funds, even as the regulator seeks to ease compliance for global investors. In a consultation paper, the Securities...

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Forex reserves drop by $1.88 bn to $686 bn

India's forex reserves dropped by $1.88 billion to $686 billion during the week ended November 28, the RBI said on Friday. In the previous reporting week, the overall reserves had declined by $4.47 billion to $688 billion. For the week ended November 28, foreign currency assets, a major component of th...

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Home, auto loans may cost even less with RBI's nudge

Home and car loans are set to get cheaper after the Reserve Bank of India (RBI) Friday cut the repo rate by 25 basis points to 5.25%, the fifth reduction in 2025. The move is expected to nudge banks to further reduce lending rates, offering relief to home, auto and personal loan borrowers. One basis point ...

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RBI’s liquidity measures to provide short-term relief

In a move to support liquidity in the system, the Reserve Bank of India (RBI) Governor Sanjay Malhotra announced liquidity management operations, which will inject around Rs 1.5 lakh crore into the system. The central bank said that it will conduct bond purchases worth Rs 1 lakh crore through open market ope...

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GLOBAL CORPORATE

Europe Must Guard Against US Dominance in Rare Earths, Agency Head Says

Europe has finally taken major steps to build up its rare earths sector to counter Chinese dominance, but the region also needs to guard against being overwhelmed by the United States, the head of an EU-funded agency for key minerals said. Bernd Schaefer, CEO of EIT RawMaterials, welcomed Wednesday's relea...

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Swiss Companies Plan Investment Abroad to Offset US Tariffs, Survey Shows

Swiss companies plan to relocate some of their operations and production abroad to deal with the impact of U.S. tariffs, according to a study by business association economiesuisse. It surveyed more than 400 companies before and after Switzerland last month agreed a deal to reduce U.S. tariffs from 39% to ...

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Apple, Google Send New Round of Cyber Threat Notifications to Users Around World

Apple and Google have sent a new round of cyber threat notifications to users around the world, the companies said this week, announcing their latest effort to insulate customers against surveillance threats. Apple and the Alphabet-owned Google are two of several tech companies that regularly issue warning...

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Paramount eyes hostile bid for Warner Bros amid row over $72 billion deal with Netflix

Warner Bros Discovery agreed to sell its iconic studio and streaming assets to Netflix for $72 billion on Friday — capping a multi-week bidding war that included Paramount Skydance and Comcast. The agreement has already faced political pushback with several members of Congress dubbing it an antitrust “nightma...

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Banking

We expect deposit rates to moderate post rate cut: RBI

Reserve Bank of India (RBI) Governor Sanjay Malhotra, and Deputy Governors Poonam Gupta, T Rabi Sankar, Swaminathan J, and S C Murmu on Friday addressed issues during the post-policy media interaction. Is there more room for the Monetary Policy Committee (MPC) to support growth? Malhotra: On whether the...

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GLOBAL ECONOMY

Trade Report
Country Month Link
Switzerland July 2019 Click
Trump unveils radical foreign policy shift, warns Europe faces decline

President Donald Trump on Friday unveiled a sweeping overhaul of U.S. foreign policy, shifting focus from global leadership to regional priorities, sharply criticising Europe as facing "civilizational erasure" and putting an end t...

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US Consumer Sentiment Improves in Early December

.S. consumer sentiment improved in early December, but worries about high prices and the labor market persisted, a survey showed on Friday. The University of Michigan's Surveys of Consumers said its Consumer Sentiment Index inc...

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Canada's Unemployment Rate Shrinks to Lowest in 16 Months as Part-Time Jobs Increase

Canada's unemployment rate once again defied expectations and fell to a 16-month low in November as a solid gain in part-time jobs boosted the number of people employed for the third time in a row, data showed on Friday. With ...

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Vietnam's Trade Surplus With US Hits Record as Exports Surge Despite Tariffs

Vietnam's trade surplus with the United States, its main market, rose to $121.6 billion in the first 11 months of the year, official data showed on Saturday, as exports surged despite U.S. import tariffs imposed in August on Vietn...

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INDIAN CORPORATE

Biocon to make Biocon Biologics a wholly owned subsidiary

Indian biopharmaceutical company Biocon said on Saturday it would fully integrate its biosimilar unit Biocon Biologics as a wholly owned subsidiary. Biocon said in a statement it will acquire the remaining stakes in Biocon Biol...

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BEML to jointly develop marine cranes with South Korea’s HD Hyundai

BEML Limited on Friday said that it has partnered with HD Korea Shipbuilding & Offshore Engineering Co. Ltd (KSOE) and HD Hyundai Samho Heavy Industries (HSHI) to jointly design, develop, manufacture, integrate, install, commissio...

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Birlas exit Kesoram Industries

B K Birla group company Kesoram Industries saw a churn in ownership on Friday as Frontier Warehousing Limited moved to acquire a controlling stake, marking the exit of the Birla family from the company after demerging and divestin...

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GST

Auto Suspension of GST Registration due to Non-Furnishing of Bank Account Details as per Rule 10A

As per Rule 10A, taxpayers (except those registered under TCS, TDS, or Suo-moto registrations) must furnish their bank account details within 30 days of grant of registration or before filing details of outward supplies in GSTR-1 or IFF, whichever is earlier. The following updates have been implemented on ...

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Lok Sabha passes Health Security and National Security Cess Bill, clears cess on pan masala manufacturing units

The Lok Sabha on Friday cleared the Health Security and National Security Cess Bill, opening the door for the Centre to levy a special cess on pan masala manufacturing units. The revenue raised from this levy will be channelled into bolstering national security initiatives and improving public health systems....

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