October 04, 2022

Personalised for *|FNAME|*

Sign In | Forward to Friend

IMC Digital Processes have changed with online features, to experience the new processes visit us at https://www.imcnet.org

IMC EVENTS

NOTICE

OTHER EVENTS

 

7
Dec

MICE EXPO 2022 in Kansai 2022

Click here for more details

21
Feb

Hack Osaka 2023

Click here for more details

21
Feb

Hack Award 2023

Click here for more details

Notifications

 
CUSTOMS

3
Oct

Notification No. 86/2022 (Delhi)
Notification in relation to Land Customs Stations and routes "the pipeline of M/s Numaligarh Refinery Ltd. connecting NRL Siliguri Marketing Terminal in India to Parbatipur in Banlgadesh" as a route o

1
Oct

Notification No. 84/2200 (Delhi)
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver- Reg.

29
Sep

Circular No. 21/2022 (Delhi)
Amendments to Scheme for Remission of Duties and Taxes on Exported Products (RoDTEP)

29
Sep

Circular No. 22/2022 (Delhi)
Amendments to Rebate of State and Central Taxes and Levies (RoSCTL) Scheme

29
Sep

Notification No. 82/2022 (Delhi)
Amendments in the provisions of GSR keeping in view the Guidelines issued by the Department of Science & Technology (DST) for acquiring and producing Geospatial Data and Geospatial Data Services inclu

Exchange Rates

1
Oct

Notification No. 85/2022 (Delhi)
Exchange rate Notification No. 85/2022-Cus (NT) dated 30.09.2022-reg

29
Sep

Notification No. 83/2022 (Delhi)
Exchange rate Notification No. 83/2022-Cus (NT) dated 26.09.2022-reg.

INCOME TAX

1
Oct

Circular No. 19/2022 (Delhi)
Extension of timeline for filing of various reports of audit for the Assessment Year 2022-23– reg

1
Oct

Notification No. 111/2022 (Delhi)
In exercise of the powers conferred by section 295 read with sub-section (18) of section 155 of the Income-tax Act, 1961

RBI

1
Oct

RBI/2022-2023/120 (Delhi)
Liquidity Adjustment Facility- Change in rates

1
Oct

RBI/2022-23/121 (Delhi)
Standing Liquidity Facility for Primary Dealers

1
Oct

RBI/2022-23/122 (Delhi)
Late Submission Fee for reporting delays under Foreign Exchange Management Act, 1999 (FEMA)

1
Oct

RBI/2022-23/123 (Delhi)
Change in Bank Rate

You will be redirected on the external link. You will be redirected on IMC online membership renewal page

LIVE MARKET

NSE (NIFTY)

0

BSE (SENSEX)

0

NASDAQ

0

FTSE 100

0

USD

0

EURO

0

GBP

0

GOLD

0

SILVER

0

INDIAN ECONOMY

September PMI shows manufacturing grows for 15th month in a row; output looks set to expand further

India’s manufacturing activity in September expanded for the fifteenth month in a row, but slowed down the acceleration from the previous month. The S&P Global India Manufacturing Purchasing Managers’ Index (PMI) posted at 55.1 for September, down marginally from August’s 56.2. Amid global headwinds, policy s...

Read More

India is a shining star amid global economic uncertainty: Christian Sewing, CEO, Deutsche Bank

India will be the 'shining star' of the global economy that faces a decade of volatility amid war, inflation and supply chain disruptions, although New Delhi could make implementation of projects easier to attract more overseas investments, Christian Sewing, CEO, Deutsche Bank, told ET. Large pockets of th...

Read More

India has a $1.2 trillion plan to snatch factories from China

In India, half of all infrastructure projects are delayed, and one in four run over their estimated budget. Prime Minister Narendra Modi believes technology is the solution to these perennial and notorious bottlenecks. Under a 100-lakh-crore-rupee ($1.2 trillion) mega project called PM Gati Shakti -- Hindi...

Read More

The global economic slowdown could hit India’s plans for a higher export trajectory

Earlier this week, the Union ministry of commerce and industry decided to postpone the release of its much - anticipated Foreign Trade Policy, a set of five-yearly guidelines and instructions that focuses primarily on boosting exports. The latest version, 2015-20, expired two years ago and has since been on s...

Read More

Just top 20% of consumer driving demand as majority yet to recover from pandemic hit: Report

That the rich got richer during the pandemic has become more evident with research data showing just 20 per cent of the population are leading the discretionary consumption wagon as the rest are still recovering. The pandemic has not impacted affluent consumers' income levels in the country is clear from the ...

Read More

China's Covid sneeze: Beijing is buying less from India and selling more

China’s economic slowdown has had a peculiar impact on its trade with India. It is buying less from India but is selling more than before. The January-August 2022 trade data confirms this trend. China’s share in India’s exports has come down from 6.5% in January-August 2021 to 3.5% in January-August 2022. Its...

Read More

Finance Ministry to launch special campaign for financial inclusion from Oct 15

The Finance Ministry will run a special financial inclusion drive from October 15 to achieve saturation in respect of bank accounts and expansion of Kisan Credit Card coverage, among others. The campaign from October 15 to November 26 this year will also focus on mobile/Aadhaar seeding of existing accounts wi...

Read More

India better placed on the back of strong domestic fundamentals; RBI rates to peak at 6.5% in current cycle

The global macro situation remains tough. After the false dawn in late July, we saw the re-emergence of Inflation risks. This led to the Fed hardening its stance materially- as expected by our team at HDFC Securities Institutional Equities (HSIE). We now expectedly find ourselves in the midst of a long and ar...

Read More

Interesting times ahead for Indian agri-tech, adaptability the key for companies

Various challenges – the Ukraine war, climate change, low attractiveness of farming as a career means that the world is going to face a food shortage challenge soon. Though relatively nascent, agri-tech innovations have the potential to address some of these challenges. If utilized correctly, these innovation...

Read More

Inflation at manageable level, says Finance Minister Nirmala Sitharaman

Finance minister Nirmala Sitharaman on Saturday said inflation is at a manageable level. Her comments came a day after RBI hiked interest rate by 50 basis points to tame inflation. “Inflation is at a manageable level,” she said here....

Read More

MARKET & FINANCE

China’s $5 trillion rout creates historic gap with Indian stocks

The relentless plunge in China’s stocks has burnished the appeal of their biggest emerging-market rival India, spurring a divergence that’s rarely been seen before. The MSCI India Index rallied almost 10% in the just-ended quarter, compared with a 23% slump for the MSCI China Index. The 33-percentage point...

Read More

Stability in US markets could bring FIIs back to India: Vinod Nair

You might want to call this a Fed effect. Indian market fell by about 2% in the week gone by. What led to the price action? Yes, the US Fed's decision influenced equity markets as it continues to hold a hawkish stance in the future to combat hyperinflation. Given the recessionary concerns, the market may ...

Read More

FPIs turn net sellers again; withdraw Rs 7,600 cr from equities in Sep

After infusing funds in the last two months, foreign investors turned sellers again in September and pulled out over Rs 7,600 crore from the Indian equity markets amid hawkish stance by the US Fed and sharp depreciation in rupee. With this, the total outflow by Foreign Portfolio Investors (FPIs) from the Ind...

Read More

Things to keep in mind while choosing a crypto tax calculation software

In India, where cryptocurrency is still at an evolving stage, crypto tax calculation is not something that comes easy. While many software programs are being released to make crypto tax calculations simple, there are things that investors need to keep in mind while using them. Starting July 1, buyers of d...

Read More

GLOBAL CORPORATE

Asia's factory activity weakens on global slowdown, cost pressures

Asia's factory output mostly weakened in September as slowing demand in China and advanced economies added to the pain from persistent cost pressures, surveys showed on Monday, clouding the region's economic recovery prospects. Manufacturing activity shrank in Taiwan and Malaysia, and grew at a slower pace...

Read More

Banking

Govt issues draft guidelines for listing of RRBs; minimum net worth of Rs 300 cr required

In a bid to enable regional rural banks (RRBs) to raise resources by listing on stock exchanges, the government has issued draft guidelines that set certain basic criteria, including net worth of at least Rs 300 crore during the previous three years. They should also have capital adequacy above the regulatory...

Read More

GLOBAL ECONOMY

Trade Report
Country Month Link
Switzerland July 2019 Click
World economy roiled by simultaneous shocks echoing 2007 anxiety

The world economy is showing signs of a rapid downshift as it contends with a series of shocks -- some of them self-inflicted by policymakers -- increasing the likelihood of another global recession and the danger of major financi...

Read More

UK government abolishes plan to cut tax on high earners in major U-turn

The U.K. government on Monday reversed a plan to scrap the top rate of income tax, after a public backlash and major market turbulence. The new government had announced a swathe of tax cuts just weeks into its tenure, but they ...

Read More

Facing an economic crisis, is the UK turning into an emerging market?

Following British Prime Minister Liz Truss’s “mini-budget”— a mishmash of policies ranging from Reaganomics-style tax cuts for corporations and the wealthy to an old-style socialist cap on energy prices — commentators have reacted...

Read More

INDIAN CORPORATE

Adani Ports & SEZ records 13% on-year growth in cargo volume in Sept

Adani Ports and Special Economic Zone (APSEZ) has said that its September volumes have seen a strong year-on-year increase. It said that its cargo volumes reached 26.1 MMT in September, an increase of 13 per cent year-on-year. “Th...

Read More

Nykaa bonus shares' issue announced in 1:5 ratio. Check record date

Nykaa on Monday announced that its board at its meet held today has approved the issuance of bonus equity shares of the company in the ratio of 1:5 i.e., the company will issue bonus of 5 shares for every 1 share held as on the re...

Read More

HFCL MD sees co’s revenue growing at 15-20% every year going forward

As 5G marks the beginning of yet another mega capital expenditure cycle by telecom operators, equipment and services vendors such as HFCL are gearing up to tap a huge business opportunity. “I believe our revenue should increa...

Read More

NTPC clocks 15.1 pc growth in power generation during Apr-Sep

State-run power giant NTPC said it has logged 15.1 per growth in power generation at 203.5 billion units (BU) from April-September 2022. The high generation growth indicates improved performance and an increase in demand for power...

Read More

CIL’s coal output rises 20 pc in April-September

State-owned CIL on Saturday reported a 19.7 per cent growth in its coal production at 299 million tonnes (MT) in the April-September period of the current fiscal. The company accounts for over 80 per cent of domestic coal outpu...

Read More

GST

Sept GST receipts at close to Rs 1.48 trn

Gross goods and services tax (GST) collections came in at Rs 1,47,686 crore in September (August transactions), reflecting a stabilisation of the monthly revenue from the consumption tax at above Rs 1.45 trillion. The mop-up has remained above the Rs 1.4-trillion mark for the seventh month in a row. Averag...

Read More

Advisory on Filing TRAN-1/2 Forms to claim Transitional Credit

he Hon’ble Supreme Court of India has provided a one-time opportunity to all the aggrieved taxpayers to file Form TRAN-1/TRAN-2 and claim their transitional input tax credit in GST system. In compliance of the Hon’ble court’s directive, the facility for filing TRAN-1/ TRAN-2 or revising the earlier filed TRAN...

Read More

Insolvency

We can’t let IBC lose its sheen: FM Sitharaman

Finance and corporate affairs minister Nirmala Sitharaman on Saturday pledged “whatever it takes” to restore the glory of the Insolvency and Bankruptcy Code (IBC), making it clear in no uncertain terms that “we can’t afford to let...

Read More

IMC Chamber of Commerce and Industry has sent this e-mail to you because your subscription preferences indicate that you want to receive latest news alerts on this email ID. For suggestions and feedback news alerts on this email ID. For suggestions and feedback click here .

Head Office :
IMC Bldg., IMC Marg, Churchgate, Mumbai - 400 020 India
Tel : 91-22-71226633 | Fax : 91-22-22048508 / 22838281

E-Mail : imc@imcnet.org
Website : www.imcnet.org