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| IMC Digital Processes have changed with online features, to experience the new processes visit us at https://www.imcnet.org
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1
Aug
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Two Day Conference on “Goods and Services Tax Law”- 1st– 2nd August 2025
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15
Aug
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Gem City Ratnapura 2025 - International Gem and Jewellery Exhibition- 15th - 17th August 2025
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18
Sep
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Industry Expo 2025, Colombo, Sri Lanka- 18th to 21st September 2025
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15
Oct
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40th Trade Expo Indonesia Exhibition | Seminar | Business Matching | Trade Mission- 15th to 19th October 2025
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CUSTOMS
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23
Jul
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Notification No. 47/2025
(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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23
Jul
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Circular No. 19/2025
(Delhi)
Continuation of online application facility under MOOWR Scheme - hosted on Invest India portal - reg.
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INCOME TAX
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23
Jul
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Notification No. 89/2025
(Delhi)
S.O. 3143(E).— In exercise of the powers conferred by sub-clause (iv) of clause (c) of Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961
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23
Jul
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Notification No. 90/2025
(Delhi)
S.O. 3144(E).— In exercise of the powers conferred by sub-clause (iv) of clause (c) of Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961
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23
Jul
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Notification No. 91/2025
(Delhi)
S.O. 3145(E).— In exercise of the powers conferred by sub-clause (iv) of clause (c) of Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961
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23
Jul
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Notification No. 92/2025
(Delhi)
S.O. 3146(E).— In exercise of the powers conferred by sub-clause (iv) of clause (c) of Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961
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23
Jul
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Notification No. 93/2025
(Delhi)
S.O. 3147(E).— In exercise of the powers conferred by sub-clause (iv) of clause (c) of Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961
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23
Jul
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Notification No. 94/2025
(Delhi)
S.O. 3148(E).—In exercise of the powers conferred by sub-clause (iv) of clause (c) of Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961
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23
Jul
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Notification No. 95/2025
(Delhi)
S.O. 3149(E).— In exercise of the powers conferred by sub-clause (iv) of clause (c) of Explanation 1 to clause (23FE) of section 10 of the Income-tax Act, 1961
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23
Jul
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Circular No. 09/2025
(Delhi)
Partial Modification of Circular No. 3 of 2023 dated 28.03.2023 regarding consequences of PAN becoming inoperative as per Rule 114AAA of the Income-tax Rules, 1962 - reg.
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LIVE MARKET
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INDIAN ECONOMY
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Veteran investor Jim Rogers says India could become “the new China”—or even better—if Delhi commits to pro-growth reforms, calling the country one of the most promising financial markets in the world.
In an interview with ET Now, Rogers lauded India’s potential, crediting its educated, ambitious population...
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After the implementation of Goods and Services Tax (GST) in the country, the tax payers base has increased and tax evasion reduced, according to a research report by Bank of Baroda.
The report highlighted that GST collections are closely linked with nominal consumption and net sales of companies.
...
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As BRICS+ economies deepen collaboration to reshape the global financial system, three key institutional initiatives: the cross-border payments platform, the New Development Bank (NDB), and the BRICS Contingent Reserve Arrangement (CRA) are gaining strategic momentum, according to the EY Economy Watch July 20...
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Reserve Bank of India (RBI) Governor Sanjay Malhotra on Friday said that the central bank will continue to prioritise price stability while supporting growth in India, Asia’s third-largest economy. While speaking at the Financial Express Banking and Finance Summit in Mumbai ahead of the RBI’s key policy meeti...
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India’s recently signed free trade agreement (FTA) with the United Kingdom could boost the country’s economic growth by up to 25 basis points over the next five years, a Bloomberg report quoted Elara Capital. Economist Garima Kapoor told Bloomberg TV that the pact could deliver an immediate 10-15 basis point ...
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India has reserved the right to take steps to protect its gains from the Comprehensive Economic and Trade Agreement (CETA) if the carbon tax proposed by the UK undermines its exports, sources said Friday.
During the negotiations on CETA the issue of the carbon tax that has been proposed by the UK under the...
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The defaults in settlement of crop insurance claims by states under the highly subsidised Pradhan Mantri Fasal Bima Yojana (PMFBY) has exceeded Rs 6,450 crore in the five years through FY25, the agriculture ministry told Parliament on Friday.
Andhra Pradesh (Rs 2565 crore), Rajasthan (Rs 1525 crore), Madhy...
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The public procurement provisions of the India-UK Comprehensive Economic and Trade Agreement (CETA) will open up $ 122 billion worth of market for Indian companies without any discrimination, commerce secretary Sunil Barthwal said Friday.
“For the first time the UK has agreed to take a binding commitment t...
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MARKET & FINANCE
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India's forex reserves dipped by $1.18 billion to $695.49 billion for the week ending July 18, data by the Reserve Bank of India showed on Friday.
Previously, India's forex reserves dipped by $3.06 bn to $696.67 billion for the week ending July 11, data by the Reserve Bank of India showed on...
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GLOBAL CORPORATE
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EU's sanctions on Russia oil have hit an Indian branch of a UAE-based firm. Intershipping Services Hub Private Ltd, an Indian subsidiary of a UAE-based company, has been hit with sanctions from the European Union.
The EU has also imposed sanctions on Captain Abhinav Kamal, who commands the crude oil tanker A...
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U.S. Gulf Coast refiners are snapping up higher volumes of Middle Eastern and South American crudes to offset the loss of Venezuelan and Mexican barrels, according to ship tracking data, a workaround solution that might be short-lived if the U.S. allows some sanctioned Venezuelan crude to return to the market...
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New orders for key U.S.-manufactured capital goods unexpectedly fell in June while shipments of those products increased moderately, suggesting that business spending on equipment slowed considerably in the second quarter.
Front-loading of activity ahead of President Donald Trump's aggressive and broad tar...
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Chemical products companies in Brazil, which exported $2.4 billion to the U.S. last year, face a slew of contract cancellations as President Donald Trump has threatened a new 50% tariff on the South American nation's exports from August 1.
Since Trump's announcement, export orders have been canceled for ce...
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Tesla has told California it would expand operations of a chartered transportation service in the Bay Area, a state regulator said on Friday.
The permit does not allow the company to run vehicles autonomously, the California Public Utilities Commission said.
The update follows a report that Tesla was pr...
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The hum of solar panel factories in this steamy island city doesn’t sound like much. But to American trade officials, it’s the muffled noise of rules being bent — or broken.
In recent months, Batam, a duty-free Indonesian enclave a short ferry ride from Singapore, has become a key waypoint in a convoluted ...
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French luxury goods group LVMH is in discussions with multiple buyers to offload its fashion label Marc Jacobs, people familiar with the matter told Reuters on Friday.
The Bernard Arnault-led company has been holding talks with potential buyers including Reebok-owner Authentic Brands Group and WHP Global, ...
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TikTok may soon ‘go dark’ in the US after multiple extensions and repeated efforts to stitch together a divestment deal. US Commerce Secretary Howard Lutnick said the popular video-sharing platform would have to halt operations in the country if China did not approve a deal for the sale of its US arm. Preside...
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Banking
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The era of completely free digital transactions via the Unified Payments Interface (UPI) may be over soon, RBI Governor Sanjay Malhotra hinted at the Financial Express BFSI event in Mumbai today.
While the UPI system remains free for the users, the cost for maintaining the payment infrastructure behind the...
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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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The International Monetary Fund said Britain's government risked being knocked off course for meeting its targets to repair the public finances and it urged finance minister Rachel Reeves to give herself more leeway through tax or...
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The British public's inflation expectations for the next 12 months rose in July and remained high over the longer term despite a slight dip from June, according to a survey published on Friday by bank Citi and opinion poll firm Yo...
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Risks to the quality of official U.S. economic data - long seen as the gold standard - are worrying 89 of 100 top policy experts polled by Reuters, with most also concerned that the authorities are not addressing the issue urgentl...
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Russian Central Bank Governor Elvira Nabiullina and her deputy Alexei Zabotkin addressed a news conference on Friday after the central bank cut its key rate to 18% from 20%.
They spoke in Russian and the quotes below were trans...
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The Bank of Canada will hold its overnight interest rate steady at 2.75% on July 30 for the third consecutive meeting thanks to a recent rise in inflation and a fall in unemployment, according to a Reuters poll of economists that ...
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Brazil's inflation remained well above the central bank's target range in its mid-July reading, official data showed on Friday, as policymakers gather next week for a meeting at which they are widely expected to hold interest rate...
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Canada recorded a sharply higher C$6.50 billion ($4.71 billion) budget deficit for the first two months of the 2025/26 fiscal year as government expenditures grew but revenues stalled, the finance ministry said on Friday.
By co...
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Colombia's central bank will cut its benchmark interest rate next week, a Reuters poll suggested on Friday, although analysts expect the bank to act cautiously for the rest of the year due to the worsening state of the government'...
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Pakistani Foreign Minister Ishaq Dar said on Friday the United States and Pakistan were "very close" to a trade deal that could come within days, but comments from the U.S. after Dar met with Secretary of State Marco Rubio mention...
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INDIAN CORPORATE
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Cipla aims to achieve $1 billion sales in the US by the next fiscal year, driven by the products it has lined up for launch which the Indian drug maker expects will more than compensate for the imminent patent expiry and price ero...
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Pharma major Cipla on Friday reported a 10 per cent year-on-year rise in its consolidated net profit to Rs 1,298 crore for the quarter ended June 2025 against Rs 1,177.64 crore same quarter previous year.
Total revenue from the...
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Hyderabad-based defence PSU Bharat Dynamics has bagged an order worth Rs 809 crore (gross) from Armoured Vehicles Nigam (AVNL) for the supply of an anti-tank guided missile (ATGM).
The company said in a regulatory filing on Th...
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Bank of Baroda’s net profit for April-June rose around 2% on year due to sharp rise in other income which rose 87.9% on year to Rs 4,675 crore in the reporting quarter....
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Tata Sons has taken a significant step to support the growth of Indian Hotels Company (IHCL) through a new hospitality asset platform. This strategic move will allow IHCL, which operates the Taj, Vivanta, SeleQtions and Ginger bra...
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Bajaj Finserv on Friday reported a 30% year-on-year increase in its net profit to Rs 2,789 crore for the June quarter. The consolidated total income rose by 13% to Rs 35,451 crore.
Bajaj Finance reported a 20% year-on-year rise...
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