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Important Information for Gift City Bulletin
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CUSTOMS
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21
Apr
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Notification No. 26/2025
(Delhi)
G.S.R……. (E). – In exercise of the powers conferred by section 75 of the Customs Act, 1962
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21
Apr
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Circular No. 14/2025
(Delhi)
Amendment to guidelines issued vide Circular No. 38/2020 dated 21.08.2020 - reg.
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INCOME TAX
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22
Apr
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Notification No. 33/2025
(Delhi)
S.O. 1770(E).— In exercise of the powers conferred by clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961
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22
Apr
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Notification No. 34 /2025
(Delhi)
S.O. 1774(E).— In exercise of the powers conferred by clause (48) of section 2 of the Income-tax Act, 1961
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RBI
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22
Apr
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RBI/2025-26/26
(Delhi)
Opening of and operation in deposit accounts of minors
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22
Apr
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RBI/2025-26/27
(Delhi)
Basel III Framework on Liquidity Standards – Liquidity Coverage Ratio (LCR) – Review of haircuts on High Quality Liquid Assets (HQLA) and review of composition and runoff rates on certain categories o
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LIVE MARKET
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USD
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EURO
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GBP
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INDIAN ECONOMY
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India and the United States have moved a step closer to a comprehensive trade deal after finalising the Terms of Reference (TOR) that will guide upcoming negotiations. The announcement was made in a joint statement after US Vice President JD Vance met Prime Minister Narendra Modi during his visit to India.
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The Centre’s transfer of assorted subsidies and sops to the beneficiaries through the Direct Benefit Transfer (DBT) fell by about 4% on year to Rs 6.6 lakh crore in 2024-25, the latest official data showed.
DBT transfers reached a record Rs 7.16 lakh crore in FY23, largely due to the free grains scheme and...
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The number of monthly fresh formal hirings declined for the third straight month in February, signalling further deterioration in the formal labour markets. The number of new monthly subscribers under the Employees’ Provident Fund (EPF) decreased by nearly 10 per cent to 739,000 in February from 823,000 in Ja...
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The government’s debt is being managed well and the fiscal deficit will not slip out of control, Union Finance Minister Nirmala Sitharaman said on Sunday during an interaction with the Indian diaspora in San Francisco.
“There is just no question of the fiscal deficit going out of control. If anything, the...
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India’s core infrastructure output expanded 3.8% in March on the back of improved performance by electricity, steel and cement sectors which neutralised the impact of contraction in the petroleum sector.
With summer setting in, electricity output increased 6.2% on year in March, up from 3.6% in February. T...
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Finance minister Nirmala Sitharaman on Monday said India hopes to ‘conclude positively’ the first tranche of the bilateral trade agreement (BTA) with the US by fall this year, indicating progress on talks to bring down tariffs.
Sitharaman, who commenced her six-day US trip from San Francisco, is scheduled ...
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MARKET & FINANCE
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We can expect more banks to extend wealth management offerings beyond high net-worth individuals (HNIs) and ultra-HNIs to the mid- and high-income groups, said Himanish Chaudhuri, partner and financial services leader, Deloitte India.
During an interaction with Moneycontrol to unpack the findings of the '2...
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The Reserve Bank of India's relatively relaxed final guidelines on banks' liquidity coverage ratio (LCR) is expected to free up capital worth up to 3 trillion rupees ($35.24 billion) that could boost credit growth by as much as 2 percentage points, analysts said.
On Monday, the RBI lowered the proportion o...
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India’s debt market reflected improved sentiment in March, aided by strong liquidity support from the Reserve Bank of India (RBI), easing inflation, and a narrowing trade deficit. According to Puneet Pal, Head – Fixed Income, PGIM India Mutual Fund, the end of the financial year was marked by the RBI’s proact...
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The dollar tumbled on Monday to its lowest level in three years as investor confidence in the U.S. economy took another hit over President Donald Trump’s attacks on the Federal Reserve chairman, potentially putting the central bank’s independence under threat.Trump ramped up his criticism of Fed Chair Jerome ...
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GLOBAL CORPORATE
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Made-in-China oil supertankers are set to be slapped with more hefty charges under America’s latest proposal to penalize ships manufactured in the Asian nation as the trade war between Washington and Beijing rages on.
China-made supertankers sailing under non-Chinese owners or operators can expect to be hi...
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U.S. trade officials finalized steep tariff levels on most solar cells from Southeast Asia, a key step toward wrapping up a year-old trade case in which American manufacturers accused Chinese companies of flooding the market with unfairly cheap goods.
The case was brought last year by Korea's Hanwha Qcells...
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China's automobile exports reached 1.54 million units in the first quarter of the year, up 16% compared with the same period a year earlier, an industry official said.
The country exported 570,000 units in March, also 16% more than a year earlier, China Passenger Car Association secretary general Cui Dongs...
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Roche said on Tuesday it would invest $50 billion in the United States over the next five years, creating more than 12,000 new jobs, in the latest massive investment by companies reacting to President Donald Trump's tariffs policy.
The Swiss pharma giant said the new positions would include nearly 6,500 in...
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Nearly 40,000 Taiwanese joined industry events in China such as conferences and trade fairs supported by the Chinese government in 2024, a study showed on Tuesday, as Beijing ramps up a charm offensive toward the island alongside military pressure.
China, which views democratically governed Taiwan as its o...
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A gauge of future U.S. economic activity fell sharply in March, potentially flagging tepid growth this year amid tariffs.
The Conference Board said on Monday its Leading Economic Index dropped 0.7% last month after decreasing 0.2% in February. Economists polled by Reuters had forecast the index sliding 0.5...
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Banking
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Some banks have approached the Reserve Bank of India (RBI) after being directed to raise risk weights to 150% on some of their commercial real estate (CRE) exposures against the regular 100%. The observations to raise risk weights on certain CRE accounts were made during the third quarter inspection, said two...
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The Reserve Bank of India (RBI) has issued comprehensive norms for opening of and operations in the deposit accounts of minors applicable to regulated banking entities, including commercial and cooperative banks.
The central bank conducted a review to rationalise and harmonise the extant guidelines.
M...
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In a relief to banks, the Reserve Bank of India (RBI) has mandated 2.5 per cent additional run-off factor for retail deposits linked to internet and mobile banking (IMB) facilities for commercial banks.
This was stated in its final guidelines for computation of liquidity coverage ratio (LCR) compared to 5...
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GLOBAL ECONOMY
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| Trade Report |
| Country |
Month |
Link |
| Switzerland |
July 2019 |
Click |
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A gauge of future U.S. economic activity fell sharply in March, potentially flagging tepid growth this year amid tariffs.
The Conference Board said on Monday its Leading Economic Index dropped 0.7% last month after decreasing 0...
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Thailand's industrial sentiment in March fell for the first time in three months, with a future index pointing to a further fall on concerns about U.S. tariffs, the Federation of Thai Industries said on Tuesday.
The FTI's indus...
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A Republican proposal to impose a tax hike on millionaires offers to generate about $400 billion over a decade, according to two new estimates provided to Bloomberg News, providing fresh revenue to partially offset the cost of the...
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The U.S. economy could slow down unless interest rates are lowered immediately, President Donald Trump said on Monday, repeating his criticism of Federal Reserve Chair Jerome Powell.
"With these costs trending so nicely downwa...
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The world is staring at a global recession starting with America. Trump’s tariffs are posing a risk to the US economy, but he appears less bothered by a recession if growth slows. Fed Chair Jerome Powell has already predicted that...
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INDIAN CORPORATE
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Poonawalla Fincorp Limited (PFL), the Cyrus Poonawalla Group-backed non-banking financial company (NBFC), on Tuesday launched a new Consumer Durables Loans business aimed at tapping into the rapidly growing retail lending segment,...
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Adani Realty is preparing to roll out its most ambitious real estate venture to date — a township project next to the upcoming Navi Mumbai International Airport, which is also being developed by the Adani Group. The project will c...
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Indian billionaire Anil Agarwal is inching closer to finishing a long-planned breakup of his metals-to-energy conglomerate Vedanta Ltd., a move aimed at trimming the group’s $11 billion debt pile and giving greater attention to di...
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Billionaire businessman Gautam Adani is gearing up for a massive investment in India amid growing demand for artificial intelligence and business process-led services. The Adani Group chairman will reportedly invest $10 billion to...
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JSW Energy on Monday said it has commenced construction of its 1,600 MW (2×800 MW) ultra supercritical thermal power plant in Salboni, West Bengal. The Rs 16,000 crore project is the Company’s largest greenfield project to date.
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Flipkart, the Walmart-owned e-commerce giant, announced on Monday its plan to shift its holding company from Singapore to India, signaling a strategic move ahead of a potential initial public offering (IPO).
“This move is a nat...
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The insolvency appellate tribunal NCLAT has upheld an NCLT order directing liquidation of debt-ridden Sintex Plastics Technology. A two-member bench of the National Company Law Appellate Tribunal (NCLAT) also rejected the submissi...
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Tata Motors on Monday said it has inked a power purchase agreement with Tata Power Renewable Energy to co-develop a 131 MW wind-solar hybrid renewable energy project. Set to generate around 300 million units of clean electricity a...
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Former Fortis Healthcare promoter Shivinder Mohan Singh has moved a plea before the National Company Law Tribunal for personal insolvency, stating that his liabilities far exceed his assets. Singh has filed the plea under Section ...
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Air India Ltd. is looking to take Boeing Co. planes rejected by Chinese carriers, people familiar with the matter said, joining the ranks of Asian airlines vying to benefit from the trade war between Washington and Beijing.
The...
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GST
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Central and state GST officers have detected 25,009 fake firms involved in fraudulently passing input tax credit (ITC) worth Rs 61,545 crore during 2024-25, officials said. During the 2024-25 fiscal ending March 2025, Central and state GST officers recovered Rs 1,924 crore by way of blocking ITC and arrested ...
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