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Important Information for Gift City Bulletin
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CUSTOMS
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28
Mar
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Notification No.16/2025
(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
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27
Mar
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Notification No. 15/2025
(Delhi)
G.S.R. 190(E). - In exercise of the powers conferred by clause (a) of sub-section (1) read with sub-section (2) of section 7 of the Customs Act, 1962
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25
Mar
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Circular No. 08/2025
(Delhi)
Clarification on the scope of the Camera Module of Cellular Mobile Phones.
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INCOME TAX
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26
Mar
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Notification No. 21/2025
(Delhi)
G.S.R. 193(E).—In exercise of the powers conferred by section 295 read with sub-section (2) of section 92CB of the Income-tax Act, 1961
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RBI
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28
Mar
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RBI/2024-25/133
(Delhi)
General Notification for Sale and Issue of Government of India Securities (including Treasury Bills and Cash Management Bills)
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28
Mar
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RBI/2024-25/134
(Delhi)
Special Clearing Operations on March 31, 2025
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27
Mar
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RBI/2024-25/132
(Delhi)
Gold Monetization Scheme (GMS), 2015 - Amendment
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25
Mar
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RBI/2024-25/130
(Delhi)
Review of Priority Sector Lending (PSL) Target – Urban Co-operative Banks (UCBs)
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24
Mar
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RBI/2024-25/126
(Delhi)
Reserve Bank of India (Financial Statements - Presentation and Disclosures) Directions, 2021: Clarifications
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24
Mar
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RBI/2024-25/127
(Delhi)
Amortisation of additional pension liability - Implementation of Pension Scheme in Regional Rural Banks with effect from November 1, 1993 - Prudential Regulatory Treatment
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24
Mar
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RBI/2024-25/128
(Delhi)
Treatment of Right-of-Use (ROU) Asset for Regulatory Capital Purposes
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LIVE MARKET
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NSE (NIFTY)
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BSE (SENSEX)
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0
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NASDAQ
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FTSE 100
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USD
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EURO
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GBP
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GOLD
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SILVER
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INDIAN ECONOMY
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Public investment in social, digital and physical infrastructure is a key pillar driving India's growth, transforming sectors and building vital foundations for economic progress, said Ashwini Vaishnaw, union minister for electronics and IT, railways, and information and broadcasting, in New Delhi on Thursday...
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India is likely to undertake another round of import duty cuts ahead of April 2, people familiar with the matter said. US President Donald Trump's threatened reciprocal tariffs announcement is expected that day against trading partners who, he says, have been "ripping off" his country by imposing high levies....
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India has offered tariff cuts on imports of U.S. farm products like almonds and cranberries as a further concession to the United States, two government sources said, hoping to avert President Donald Trump's reciprocal tariffs set for next week.
Unlike China, Canada and the European Union, India is activel...
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India has offered tariff cuts on imports of U.S. farm products like almonds and cranberries as a further concession to the United States, two government sources said, hoping to avert President Donald Trump's reciprocal tariffs set for next week.
Unlike China, Canada and the European Union, India is activel...
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Amid the looming threat of reciprocal tariffs that the United States (US) plans to impose from April 2, commerce and industry minister Piyush Goyal on Thursday exuded confidence that irrespective of the ‘turbulence’, India’s growth story will remain intact.
“For that, you have to either consult an astrolo...
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With a total of 18 states (hereon referred as S-18) already having announced their budgets till date, Elara Capital said, growth in capital outlay is projected to normalize to 15.9 per cent YoY in FY26B versus prior two years’ average growth of 23.4 per cent YoY, mimicking the trend seen in the central budget...
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India’s real GDP growth is projected at 6.4 per cent for FY25 and 6.5 per cent for FY26, stated the March edition of EY Economy Watch, highlighting the need to realign fiscal policy to support the country’s journey towards Viksit Bharat. With a rising population and evolving economic structure, EY said, addit...
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With a total of 18 states (hereon referred as S-18) already having announced their budgets till date, Elara Capital said, growth in capital outlay is projected to normalize to 15.9 per cent YoY in FY26B versus prior two years’ average growth of 23.4 per cent YoY, mimicking the trend seen in the central budget...
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India’s ongoing trade agreement negotiations with the United States are moving forward positively, according to Commerce and Industry Minister Piyush Goyal. Speaking at the Times Now Summit on Thursday, Goyal emphasised that the potential bilateral trade agreement would benefit both nations while safeguarding...
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MARKET & FINANCE
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Indians sending money abroad have a few days left in this financial year to make full use of the RBI’s Liberalised Remittance Scheme (LRS). Sending Indian Rupees abroad for buying international stocks, properties, or for meeting your child’s foreign education requires approval from the Reserve Bank of India. ...
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One in five ultra-high net worth individuals (UHNWIs) or super rich in India plans to leave the country and move abroad, according to a survey by Kotak Private Banking, a division of Kotak Mahindra Bank. “One in five ultra HNI surveyed are currently in the process of or plan to migrate,” the survey noted.
...
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Fund-raising through debt and equity by Indian companies touched an all-time high in FY25. This was primarily fuelled by high valuations that offered attractive opportunities for stake dilution.
According to Prime Database, equity fund raising stood at Rs 3,71,460 crore in 2024-25, an increase of 92% fro...
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GLOBAL CORPORATE
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Porsche AG and Mercedes-Benz Group AG will be hit hardest by President Donald Trump’s latest trade salvo, facing a potential €3.4 billion ($3.7 billion) blow from new US tariffs on imported cars.
Trump’s additional 25 per cent duties, to be collected from April 3, could wipe out around a quarter of Porsch...
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Venezuela is boosting oil exports to China to the highest in almost two years as the Trump administration deploys sanctions and secondary tariffs to squeeze the Latin American nation.
Shipments are set to rise to 400,000 barrels a day this month, the highest since June 2023, according to preliminary data ...
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British Steel said Thursday that it is planning to close its two blast furnaces and steelmaking operations in the northern England town of Scunthorpe, after its Chinese owner Jingye failed to agree a rescue package with the UK government.
Unions called on the government to help secure the future of the com...
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Noted economist Arthur Laffer warns in a new analysis that President Donald Trump's 25 per cent tariffs on auto imports could add $4,711 to the cost of a vehicle, adding that the proposed taxes could weaken the ability of US automakers to compete with their foreign counterparts.
In the 21-page analysis obt...
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In response to the high tariffs imposed by US President Donald Trump, Canadian Prime Minister Mark Carney on Thursday, March 27 (local time), announced that its old relationship with the US is “over”.
Carney, who left the election campaign to chair the Cabinet committee on US relations in Ottawa, said tha...
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Billionaire steel magnate Lakshmi Mittal is preparing to leave the United Kingdom after nearly three decades. This follows the UK government’s decision to abolish its non-domiciled (non-dom) tax status, according to a report by The Financial Times.
The Indian-born industrialist, who built ArcelorMittal in...
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GLOBAL ECONOMY
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| Trade Report |
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Month |
Link |
| Switzerland |
July 2019 |
Click |
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Argentina's economic activity increased 6.5% in January compared with the same month last year, its highest year-on-year growth since mid-2022, official data showed on Thursday.
The economy of the Latin American country registe...
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The Bank of Mexico delivered a unanimous 50-basis-point interest rate cut to 9.00% on Thursday, highlighting progress on inflation but warning of heightened uncertainty relating to trade tensions and a weakening economy.
The mo...
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Core consumer inflation in Japan's capital stayed above the central bank's target and accelerated in March on steady gains in food costs, data showed on Friday, keeping alive market expectations of a near-term interest rate hike.
...
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South Korea's exports likely rose in March for a second straight month on a growth in chip sales, a Reuters poll found on Friday, but economists warned of weakening momentum due to U.S. tariffs.
Outbound shipments from Asia's f...
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Thailand is aiming to reduce its trade surplus with the United States to $20 billion by importing more U.S. products, an industry ministry official said on Friday.
The United States was Thailand's largest export market last yea...
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German consumer sentiment is broadly unchanged heading into April, with a focus on saving highlighting uncertainty among households after last month's election in Europe's biggest economy, a survey indicated on Friday.
The cons...
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Britain's economy expanded 0.1% in the fourth quarter, the Office for National Statistics confirmed on Friday, as economists polled by Reuters had expected....
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ritish retail sales unexpectedly rose in February, figures from the Office for National Statistics showed on Friday, defying most forecasts from analysts who had predicted a fall against a backdrop of weak overall growth in the ec...
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French consumer prices rose less than anticipated in March, as accelerating prices for services will be offset by declining energy prices, preliminary data from statistics agency INSEE showed on Friday.
France's harmonized infl...
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The US is expected to see its population begin shrinking in 2033 unless immigration sustains growth, according to a new report from the Congressional Budget Office (CBO) released on Thursday. The estimate moves up the projected th...
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US President Donald Trump issued a stern warning on Wednesday, threatening to impose even steeper tariffs on the European Union and Canada if they collaborate to harm the US economy, according to news agency AFP.
In a late-nig...
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US President Donald Trump's actions to raise import tariffs will drive prices up for American consumers, the CEO of fast-fashion retailer H&M said on Thursday, as the company shifts its supply chain to adapt to new trade barriers....
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The US economy expanded at a healthy annual 2.4 per cent pace the last three months of 2024, supported by a year-end surge in consumer spending, the government said Thursday in a slight upgrade of its previous estimate of fourth-q...
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The US is pushing to control all major future infrastructure and mineral investments in Ukraine, potentially gaining a veto over any role for Kyiv’s other allies and undermining its bid for European Union membership.
President...
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Billionaire businessman Elon Musk indicated on Thursday that his efforts to streamline the US government was likely to conclude by May. The Department of Government Efficiency was created earlier this year to reduce the federal wo...
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Indian refiners are now stuck with a problem after the US imposed 25% tariffs on countries buying crude oil from Venezuela, forcing them to look for alternative oil sources. While oil imports from the south American country to In...
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INDIAN CORPORATE
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Fundraising by Indian companies through equity and debt reached an all-time high in the financial year 2024-25 (FY25), according to data collated by primedatabase.com.
Fundraising through debt stood at Rs 11.1 trillion in FY25,...
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Jindal Stainless Ltd (JSL) is looking at investing Rs 40,000 crore in Maharashtra to set up a stainless steel manufacturing facility, a move which will increase its presence in the country. Responding to a query, JSL said the comp...
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Adani Green Energy Limited (AGEL) on Thursday said its renewable energy generation capacity has increased to 13,487.8 MW with commissioning of new capacities. In a filing, AGEL said it has operationalised an aggregate 396.7 MW pow...
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Bharat Forge signed the largest domestic contract with the Ministry of Defence for supplying 184 indigenously developed Advanced Towed Artillery Gun Systems (ATAGS). This order represents 60% of the Rs 6,900 crore procurement by t...
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Adani Power has resumed power supply to Bangladesh after halting it for almost four months over unpaid dues, sources in the know said.
Bangladesh is making payment of $90-95 million per month, but earlier dues are yet to be pai...
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Cognizant has set an ambitious target of being among the world’s top four IT services firms by 2027, focusing on revenue and margin growth, market share expansion, and large deal wins. Analysts, however, say this may be difficult,...
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GST
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Hotels charging a room rent above Rs 7,500 a day at any time in any financial year will be considered 'specified premises' for the next fiscal and restaurant services provided inside such premises will attract 18 per cent GST with input tax credit, the CBIC said on Thursday.
From April 1, 2025, the taxabil...
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The Supreme Court recently held that companies can rectify clerical or arithmetical errors in Goods and Services Tax (GST) filings and they should not be penalised for doing this.
This decision upheld businesses’ right to correct such mistakes without facing penalties or denial of Input Tax Credit (ITC), ...
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The value added tax (VAT) revolution began in the 1950s and has since expanded to over 170 countries. Designed as a consumption tax, VAT is widely recognised as an efficient revenue-generation mechanism, contributing approximately 35% of total tax revenues worldwide. It is also considered more conducive to ec...
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