June 15, 2025

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International Financial Services Centres Authority (IFSCA) Bulletin Oct-Dec 2024

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15
Oct

40th Trade Expo Indonesia Exhibition | Seminar | Business Matching | Trade Mission- 15th to 19th October 2025

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Notifications

 
CUSTOMS

12
Jun

Notification No. 41/2025 (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

12
Jun

Notification No. 42/2025 (Delhi)
S.O. … (E).– In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962

INCOME TAX

12
Jun

Notification No. 55/2025 (Delhi)
S.O. 2528(E).— In exercise of the powers conferred by sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, 1961

RBI

14
Jun

RBI/2025-26/54 (Delhi)
Stripping/Reconstitution in State Government Securities

14
Jun

RBI/2025-26/55 (Delhi)
Import of Shipping Vessel - Relaxation

12
Jun

RBI/2025-26/51 (Delhi)
Reserve Bank of India (Know Your Customer (KYC)) (Amendment) Directions, 2025

12
Jun

RBI/2025-26/52 (Delhi)
Inoperative Accounts/ Unclaimed Deposits in Banks - Revised Instructions (Amendment) 2025

12
Jun

RBI/2025-26/53 (Delhi)
Updation/ Periodic Updation of KYC – Revised Instructions

10
Jun

RBI/2025-26/48 (Delhi)
Large Exposures Framework – Amendment in the list of exempted exposures

10
Jun

RBI/2025-26/49 (Delhi)
Non-achievement of PSL targets – Prudential treatment of contribution towards eligible funds with NABARD, NHB, SIDBI and MUDRA Ltd.

10
Jun

RBI/2025-26/50 (Delhi)
Basel III Capital Regulations - External Credit Assessment Institution (ECAI)

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INDIAN ECONOMY

India's soft industrial momentum, widening trade gap & business caution, key risks in H2 2025: Report

India's soft industrial momentum, a widening trade gap, and early signs of business caution warrant close tracking as H2 2025 unfolds, according to a report by LLama Research. While the broader economic outlook remains positive, the report added that there are signs that some areas of the economy may need ...

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India, China agree to hold 'functional talks' on trade, eco

India and China have agreed to hold talks to discuss and resolve specific issues of concern, especially in the areas of economics and trade, during the visit of the vice foreign minister of China, Sun Weidong. They will also work towards expediting resumption of direct flights. Sources said the issue of rare ...

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Energy prices surge, India faces oil supply challenge

Crude oil prices jumped sharply on Friday, with Brent hovering around $78 a barrel before cooling a bit, posing a challenge to India’s energy supplies and a potential price shock. India imports as much as 88% of its crude oil requirements — much of it through the vulnerable Strait of Hormuz. The country al...

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India-Israel trade may weather conflict, but Strait of Hormuz the big risk

The ongoing conflict between Israel-Iran could have far-reaching trade implications too. Apart from the risk to the two nations, trade across the region would be a casualty if stretched for long. From India’s perspective, it has had traditionally friendly terms with both Israel and Iran. India’s trade wit...

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India moves to conserve its rare earths, seeks halt to Japan exports, sources say

India has asked state-run miner IREL to suspend a 13-year-old agreement on rare earth exports to Japan and to safeguard supplies for domestic needs, two sources familiar with the matter told Reuters, aiming to reduce India’s dependence on China. IREL also wants to develop India’s capacity for rare earth pr...

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MARKET & FINANCE

Nabard gets government nod for Rs 19,500 crore zero-coupon bonds

The government has approved a proposal by the National Bank for Agriculture and Rural Development (Nabard) to raise up to ?19,500 crore through zero-coupon bonds, also known as deep-discount bonds for taxation purposes.The bonds, which can be issued on or before March 31, 2027 and the bonds could mature in 10...

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India's forex reserves rise to $696.66 billion, up $5.17 billion as of June 6

India's forex reserves increased by $5.17 billion to $696.66 billion for the week ending June 6, according to data by the Reserve Bank of India on Friday. India's foreign exchange reserves stood at $691.5 billion as of May 30, down $1.2 billion from the previous week and coming off near-eight-month highs, ...

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Corporate bonds in a sweet spot

As banks reduce fixed deposit rates, investors should consider corporate bonds for higher returns. Unlike deposits that immediately reflect changes in repo rates, bond yields tend to adjust gradually, creating a yield cushion that investors can benefit from. Corporate bonds continue to deliver a favourable...

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GLOBAL CORPORATE

Bunge's $34 Billion Viterra Merger Clears Final China Hurdle

Global agribusiness Bunge Global SA said Friday it has received regulatory approval from China for its merger with Glencore-backed grain handler Viterra, the final hurdle for its $34 billion mega-deal announced two years ago. The Missouri-based company expects to close the largest-ever global agriculture m...

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Google's $32 Billion Deal for Wiz Gets Antitrust Review, Bloomberg News Reports

The U.S. Justice Department antitrust enforcers are reviewing whether Google's planned acquisition of cybersecurity company Wiz would illegally limit competition in the marketplace, Bloomberg News reported on Friday, citing people familiar with the matter. The deal, valued at about $32 billion, would be Al...

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Trump approves $14.9 billion US Steel–Nippon merger

US President Donald Trump signed an executive order clearing the path for Japanese conglomerate Nippon to invest in US Steel. While the specifics of the deal remain undisclosed, Nippon has been directed to adhere to a ‘national security agreement.’ A joint statement however, from Nippon and US Steel outlines ...

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INCOME TAX

Income Tax Bill 2025: Parliament panel focuses on clarity, not overhaul

Parliament’s select committee examining the Income Tax Bill, 2025, may not recommend any significant changes to the new provisions but only suggest "simplification of language" in some clauses to remove ambiguity, a source privy to the matter told Moneycontrol. "The select committee has almost finalised it...

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NRI wins capital gains tax case in Delhi high court regarding sale of Rs 2 crore property despite Rs 46 lakh tax demand notice

An non-resident Indian (NRI) residing in the United States of America had to go through a very challenging time when he sold a property in Pune for Rs 2 crore and followed the laid down procedure. The problem started when the buyer deducted 20% TDS on this property transaction and deposited it with the income...

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Unaccounted income invested in crypto on I-T radar

The Central Board of Direct Taxes (CBDT) is investigating instances of tax evasion and laundering of unaccounted income through cryptocurrency investments by high-risk individuals, income tax department sources stated. Entities and individuals engaged in Virtual Digital Asset (VDA) transactions, who have f...

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Crypto income on I-T radar; department sends emails to individuals

The Income Tax Department has sent a communication to thousands of individuals who have undertaken cryptocurrency transactions but failed to reflect this income in their returns, official sources said Friday. These transactions pertain to assessment years 2023-24 and 2024-25, they said. The department a...

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Banking

Moody’s upgrades Yes Bank rating, changes outlook to stable

Moody’s Ratings has upgraded Yes Bank’s long-term foreign currency and local currency bank deposit ratings to Ba2 from Ba3. The agency has also upgraded the baseline credit assessment (BCA) and adjusted it to ba3 from b1. The outlook on the bank has been changed to stable from positive. The ratings upgrade...

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GLOBAL ECONOMY

Trade Report
Country Month Link
Switzerland July 2019 Click
US consumer sentiment improves in June

U.S. consumer sentiment improved for the first time in six months in June, but that could be temporary after Israel launched missile strikes against Iran, boosting oil prices. The University of Michigan Surveys of Consumers on ...

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Rising U.S. debt threatens higher taxes, inflation, and economic pain for Americans

The U.S. national debt has reached $36.9 trillion, sparking growing concerns about its impact on the economy and average Americans. While the federal deficit may seem distant from daily life, its effects are already being felt—thr...

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INDIAN CORPORATE

CREDAI partners with Adani Cement to promote green, best quality construction works

Realtors' apex body CREDAI has partnered with Adani Cement to promote sustainable and best practices in construction activities. In a joint statement on Friday, the Confederation of Real Estate Developers' Associations of India...

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Govt considers options to keep Voda Idea afloat

After categorically ruling out any further debt-to-equity conversion of Vodafone Idea’s adjusted gross revenue (AGR) dues, the government is now exploring alternative options to support the financially strapped telecom operator if...

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