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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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Important Information for Gift City Bulletin
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CUSTOMS
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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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22
Mar
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Notification No. 14/2025
(Delhi)
G.S.R.178 (E).- In exercise of the powers conferred by sub-section (1) of section 156 read with section 28DA of the Customs Act, 1962
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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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22
Mar
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Notification No. 20/2025
(Delhi)
S.O. 1241(E).—In pursuance of sub-clause (ii) of clause (a) of sub-section (1) of section 138 of the Income tax Act, 1961
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RBI
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25
Mar
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RBI/2024-25/129
(Delhi)
Currency Chest operations on March 31, 2025
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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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EURO
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INDIAN ECONOMY
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India's Gross Domestic Product (GDP) has doubled over the past decade, according to the latest International Monetary Fund (IMF) data.
According to the data, the nation's GDP at current prices stood at USD 2.1 trillion in 2015, with projections indicating it will reach USD 4.27 trillion by the end of 2025,...
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States have increased their borrowings in the last month of the financial year, as raising funds is comparatively cheaper with low yields, due to the absence of central government security auctions in March, treasury experts said.
Cut-off on 10-year SDL paper
"The absence of G-Sec supply has facilitated s...
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The government has garnered Rs 4,37,442 crore since FY15 as disinvestment proceeds through various modes and instruments, minister of state for finance Pankaj Chaudhary told the Rajya Sabha on Tuesday.
Of this, Rs 3,30,049 crore has been realised through minority stake sales in state-run firms and Rs 69,41...
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US President Donald Trump is waging a relentless tariff war. He said on Monday he will in the very near future announce tariffs on automobiles, aluminum and pharmaceuticals. He also threatened “secondary tariffs” on countries that buy oil from Venezuela to choke off its oil trade. His reciprocal tariffs are s...
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India's software-as-a-service (SaaS) industry is expected to touch $100 billion by 2035, from $20 billion currently, helped by artificial intelligence-led discontinuities in automation, cost-effective software development, expanding small and medium business (SMB) adoption, and deepening government digital in...
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India’s electronics exports are set to cross the Rs 3-lakh-crore mark for the first time in FY25. Though the final numbers are yet to be announced, the April-February figures make it clear that the sector is all but certain to achieve the record. During the 11-month period, electronics exports touched Rs 2.87...
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Even as India is placed in the direct line of fire of US President Donald Trump’s reciprocal tariffs, Nomura said that the Bilateral Trade Agreement (BTA) negotiations is an encouraging sign. India’s weighted average effective tariff rate on US imports is much higher than US tariffs on India, India has high n...
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India is open to cutting tariffs on more than half of U.S. imports worth $23 billion in the first phase of a trade deal the two nations are negotiating, two government sources said, the biggest cut in years, aimed at fending off reciprocal tariffs. The South Asian nation wants to mitigate the impact of U.S. P...
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S&P Global Ratings on Tuesday cut India’s GDP growth projections to 6.5 per cent for the next fiscal as it expects that economies in the APAC region will feel the strain of rising US tariffs and pushback on globalisation. In its Economic Outlook for Asia-Pacific (APAC), S&P said despite these external strains...
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A US delegation led by its assistant trade representative for South and Central Asia Brendan Lynch arrived in India on Tuesday to take part in negotiations on the contours of the proposed bilateral trade agreement (BTA). The talks will formally begin on Wednesday and continue till Saturday.
“Both countries...
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MARKET & FINANCE
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Indian companies are sending more money to their overseas businesses despite the uncertainty in global trade following the election of Donald Trump as the US President. In February, Indian companies sent $5.35 billion overseas, the highest monthly outflow in at least 38 months, data compiled by Moneycontrol s...
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Indian government bond yields ended little changed on Tuesday after a record state debt auction was easily absorbed by the market, while a smaller-than-expected debt purchase by the central bank lifted sentiment.
The benchmark 10-year bond yield ended at 6.6370 per cent, compared with its previous close o...
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GLOBAL CORPORATE
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As talks aimed at ending the war in Ukraine continue, a potential relief in sanctions imposed on Russia, including its vast energy sector, is one of the issues on the agenda.
Oil and gas exports are a key revenue source for Moscow and the sector has been subject to Western sanctions since 2014, when Russia...
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Loading of Venezuela's heavy crude at its main oil ports slowed this week after the U.S. imposed a tariff on trade with countries buying the South American nation's oil and producer Chevron began reducing its tanker fleet there, according to shipping data and a document seen on Tuesday.
On Monday, U.S. Pre...
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Canada has frozen all rebate payments for Tesla and banned the electric-vehicle maker from future EV rebate programs, Transport Minister Chrystia Freeland said on Tuesday.
No rebate payments will be made until each claim is individually investigated and determined to be valid, Freeland said in an emailed s...
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Vietnam will cut its tariffs on several U.S. products including LNG and cars, and moved to approve Starlink services, as the country tries to avoid being hit with U.S. tariffs because of its large bilateral trade surplus.
The Southeast Asian industrial hub announced in past weeks a series of measures, incl...
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President Donald Trump appeared to invent a new weapon of economic statecraft on Monday by threatening what he dubbed “secondary tariffs” on countries that buy oil from Venezuela to choke off its oil trade with other nations.
The threat, delivered via Truth Social post then confirmed in an executive order,...
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US President Donald Trump is weighing a two-step approach to implementing his new tariff regime, potentially invoking rarely used emergency powers to impose immediate duties on imports while formal investigations into trading partners unfold, the Financial Times reported.
While Trump has long railed again...
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With the cement industry expected to witness a demand bounce back and make a firm recovery in the upcoming fiscal year, UBS has turned optimistic on the sector. The brokerage firm is positive on the sector, on the back of structural cost savings, price stabilization after an 8 per cent decline in 9MFY25, and ...
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GLOBAL ECONOMY
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| Trade Report |
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Month |
Link |
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July 2019 |
Click |
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Ratings agency Moody's said on Tuesday that the U.S.' fiscal strength is on track for a continued multi-year decline as budget deficits widen and debt becomes less affordable.
The agency said in a report that the country's fisc...
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China Construction Bank, one of the country's biggest commercial lenders, said on Tuesday that it would aim to provide no less than 8 trillion yuan ($1.10 trillion) in financing for the private economy by the end of 2027....
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International Monetary Fund staff reached a deal with Pakistan for a new $1.3 billion arrangement and also agreed on the first review of the ongoing 37-month bailout program, the IMF said on Tuesday.
Pending board approval, Pak...
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British finance minister Rachel Reeves is expected to announce cuts to her spending plans on Wednesday in a bid to reassure investors that she can be trusted to fix the public finances as growth falters.
With Britain's 2025 eco...
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The Bank of Japan must raise interest rates if persistent increases in food costs lead to broad-based inflation, Governor Kazuo Ueda said on Wednesday, signalling the bank's resolve to continue weaning the economy off monetary sup...
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Australia's consumer inflation slowed in February, helped by a fall in electricity prices, while the continued easing in home building costs and rents supported the case for more rate cuts in the months ahead.
Data from the Aus...
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Three years ago, as the US emerged from the brief COVID-19 recession, economists were already bracing for another downturn. Russia had invaded Ukraine. Inflation was surging. The Federal Reserve was hiking interest rates to cool t...
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US consumers are starting to curb their spending in response to high prices and a worsening economic outlook, according to consumer finance company Synchrony Financial.
Americans have been accumulating more debt amid strain in...
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INDIAN CORPORATE
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JSW Steel, owned by Sajjan Jindal, has emerged as the world’s most valuable steelmaker, boasting a market capitalisation (mcap) of nearly $30.31 billion, according to Bloomberg data.
The milestone sees the Indian major outpacin...
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“India will continue to be one of Allianz’s main growth markets, and Allianz will explore new opportunities to further grow its participation in the Indian insurance market in the future, not only as an investor but also as an ope...
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Some of the country’s top corporate houses are opting to split their operations in a bid to unlock value. The move also comes as some companies look to strengthen their core or primary businesses, hiving off and listing non-core o...
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Following an exceptional 100% growth in air conditioner (AC) sales last year, Godrej Appliances, part of the Godrej Enterprises Group, anticipates a robust 50% year-on-year demand increase this summer season.
Speaking to FE, Ka...
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GST
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A proposal to reduce goods and services tax (GST) on agricultural equipment and inputs is being reviewed by a Group of Ministers (GoM), Union Finance Minister Nirmala Sitharaman on Tuesday said in the Lok Sabha.
Responding to queries on the Finance Bill, 2025, Sitharaman said that a proposal to lower GST ...
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