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| IMC has enhanced its digital systems to incorporate new online features. To explore these updated processes, please visit our website: https://www.imcnet.org
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CUSTOMS
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25
Mar
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Notification No. 30/2026
(Delhi)
S.O. _(E). - In exercise of the powers conferred by section 157 read with sub-sections (l), (2) and (3) of section 51A of the Customs Act, 1962
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25
Mar
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Circular No. 13/2026
(Delhi)
Ease of Customs Duty Payment - Introduction of Payment Aggregator - Reg.
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INCOME TAX
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25
Mar
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Notification No. 19/2026
(Delhi)
G.S.R. 158(E).— In exercise of the powers conferred by section 295 read with section 285BA of the Income tax Act, 1961
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25
Mar
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Notification No. 20/2026
(Delhi)
G.S.R. 189(E).— In the notification of the Government of India, Ministry of Finance,
Department of Revenue
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25
Mar
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Notification No. 21/2026
(Delhi)
S.O. 1401(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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25
Mar
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Notification No. 18/2026
(Delhi)
S.O. 1076(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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RBI
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25
Mar
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RBI/2025-26/250
(Delhi)
Currency Chest operations on March 31, 2026
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25
Mar
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RBI/2025-26/248
(Delhi)
Reserve Bank of India (Urban Co-operative Banks – Financial Statements: Presentation and Disclosures) – Third Amendment Directions, 2026
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25
Mar
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RBI/2025-26/249
(Delhi)
Reserve Bank of India (Rural Co-operative Banks – Financial Statements:
Presentation and Disclosures) – Second Amendment Directions, 2026
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INDIAN ECONOMY
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The government on Friday announced that it would remove the value limit per consignment for exports through courier services from April 1 2026.
Earlier, the limit was Rs 10 lakh per consignment. The announcement was made in the FY27 Budget, and the move is expected to support small exporters and e-commerce...
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The Reserve Bank of India has capped banks' net open positions in the rupee at $100 million at the end of each business day, tightening its oversight in the foreign exchange market as the currency slid to record lows.
In a notification issued Friday, the central bank asked authorised dealers of foreign cur...
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India’s unemployment rate declined to 6.5% in 2025 from 7.0% a year earlier, signalling a modest easing in joblessness even as broader labour market indicators remained largely stable, according to the latest Ministry of Statistics and Programme Implementation data.
The drop was recorded among educated per...
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US demand for Indian exports remains weak despite significant tariff cuts, as policy uncertainty and geopolitical tensions weigh on consumer sentiment, industry executives said.
Shipments of shrimp and textiles are yet to pick up due to inventories accumulated during the earlier 50% tariff regime and the o...
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Shahzad Madon, the MD & CEO at TCG AMC, said that if the US-Iran conflict remains unresolved for next 8-10 weeks, the global economy is more likely to see a growth slowdown and inflation spike rather than an immediate severe recession.
However, if the situation is prolonged, it could lead to a recession, h...
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Commerce and Industry Minister Piyush Goyal on Friday met US Trade Representative (USTR) Jamieson Greer to discuss the next steps in negotiations on the Bilateral Trade Agreement (BTA).
The meeting took place on the sidelines of the 14th Ministerial Conference in Yaoundé, Cameroon. Both sides also discusse...
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The Centre’s excise duty cuts on petrol and diesel by Rs 10 each to cushion the oil marketing companies (OMCs) from making losses may cost the exchequer a staggering Rs 1.7 lakh crore if the duties remain at the current level throughout FY27.
It may partly offset the impact from levies announced to tax win...
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The ongoing West Asia conflict could disrupt India’s fertiliser supply chain at a critical time for the kharif season, with domestic production of urea and complex fertilisers likely to decline 10–15% and the government’s subsidy burden rising by Rs 20,000–25,000 crore, Crisil Ratings said in a report.
Th...
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Prime Minister Narendra Modi will hold a virtual meeting with state chief ministers on Friday to discuss the situation in West Asia amid concerns about the impact of the US-Iran conflict on the Indian economy and citizens.
Modi’s outreach to states follows his address to both Houses of Parliament on Mond...
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MARKET & FINANCE
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The day the war in West Asia completed a month, Dalal Street witnessed one of its most brutal sell-offs since the conflict began on Feb 28. During Friday's session, with sensex-heavyweight Reliance Industries tanking 4.6%, the index closed 1,690 points or 2.3% lower at 73,583 points
The crash in RIL's stock ...
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India’s foreign exchange reserves fell sharply by USD 11.41 billion to USD 698.34 billion in the week ending March 20, according to data released by the Reserve Bank of India.
This drop follows a previous decline of USD 7.05 billion in the week before, when reserves stood at USD 709.76 billion. Earlier thi...
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Away from the dust, death and debris of the war, a strange story is playing out in the underbelly of the Indian money market.
The dollar-rupee exchange rate in the hawala market has slipped into a discount - something that rarely happens - amid stalled flights, fall in smuggled gold from Dubai, and muted t...
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Global equity funds attracted their biggest weekly inflow in nearly 2-1/2 months in the week through March 25 after U.S. President Donald Trump delayed strikes on Iranian energy infrastructure, raising hopes of a temporary de-escalation and easing oil shock fears.
Investors acquired a net $37.77 billion of...
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U.S. equity funds drew strong inflows in the week to March 25 as hopes for de-escalation in the Middle East lifted sentiment after U.S. President Donald Trump postponed an attack on Iranian energy infrastructure and proposed a deal to end the war.
Investors poured a net $37.24 billion into U.S. equity fund...
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The Centre will raise Rs 8.2 lakh crore, or 51% of the revised annual gross borrowing target of Rs 16.09 lakh crore, from the market in the first half of 2026-27, including Rs 15,000 crore through sovereign green bonds.
The H1FY27 share in annual borrowings is lower than in recent years; it was 54% in H1FY...
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GLOBAL CORPORATE
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The Trump administration ordered U.S. refiners on Friday to blend a record amount of biofuels into their gasoline and diesel this year and next, a move intended to help farmers but that the refining industry said would only backfire by raising pump prices already spiking due to the war in Iran.
The rebuke...
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Global energy companies are getting back to basics and focusing on the hunt for new sources of oil and gas, executives declared at the CERAWeek conference in Houston this week, ending years of underinvestment in exploration.
In recent years, the shale revolution in the U.S. promised abundant, flexible supp...
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SoftBank Group said on Friday it has secured a $40 billion bridge loan to bolster investments in ChatGPT-maker OpenAI and for general corporate purposes, marking another significant step in its artificial intelligence strategy.
The Japanese investment conglomerate, led by founder Masayoshi Son, continues t...
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China's commerce ministry said on Friday it had initiated two counter-probes into U.S. practices hampering the flow of Chinese products into the United States, in a move suggesting no retaliation from Beijing immediately against recent U.S. probes.
The two investigations - to conclude within six months but...
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A disruption in the Strait of Hormuz is moving beyond energy markets and into global food supply chains, with global brokerage firm Goldman Sachs warning that fertiliser shortages and higher production costs are likely to feed into grain prices.
In a report dated March 24, 2026, the firm said nitrogen fert...
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Banking
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Banks' deposit growth continued to lag credit growth with the gap widening as much as 300 basis points as of March 15, Reserve Bank of India showed.
Deposits mobilisation grew at 10.8% year-on-year rate while advances rose 13.8%. In comparison, credit had expanded at 14.5% rate a fortnight back, while deposi...
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GLOBAL ECONOMY
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Spain's central bank on Friday raised its outlook for economic growth this year to 2.3%, though it trimmed its forecast for 2027 over uncertainty from higher energy prices due to the Iran war and warned that bigger downward revisi...
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Britain's government and the Bank of England say it is too soon to judge the economic hit from the Iran war, but the first strains are appearing and are likely to ring alarm bells for policymakers whose response options are more l...
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Global ratings agency Fitch on Friday reaffirmed Israel's "A" credit rating, saying recent military operations will likely sharply reduce Iran's threat to the country.
However, it kept a negative outlook, warning that rising pu...
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A record start to the year for emerging-market debt sales has largely ground to a halt as worries over the Iran war create havoc in the markets and push up borrowing costs, bankers and investors told Reuters, a situation that plac...
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Canadian wholesale trade most likely rose 2.3% in February from January, largely driven by higher sales in the motor vehicle and motor vehicle parts and accessories subsector, Statistics Canada said in a flash estimate on Friday.
...
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The European Union economy is at risk of stagflation as a result of the surge in energy prices caused by the Iran war, European Economic Commissioner Valdis Dombrovskis said.
"The outlook is clouded by profound uncertainty, but...
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U.S. consumer sentiment fell more than expected in March, touching a three-month low, as war in the Middle East stoked inflation worries and cast a shadow over the economic outlook.
The decline, reported by the University of Mi...
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The U.S. war with Iran and the rapid roll-out of artificial intelligence technologies have again clouded the outlook for the Federal Reserve, and make it appropriate to keep interest rates on hold for now, Richmond Fed President T...
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Canada recorded a higher C$31.21 billion ($22.53 billion) budget deficit for the first ten months of the 2025/26 fiscal year as government expenditures grew faster than revenues, the finance ministry said on Friday.
By comparis...
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The International Monetary Fund and Pakistan has reached a staff-level agreement on the South Asian nation's loan program, a key step toward unlocking $1.2 billion in funding, the fund said on Friday.
The agreement, which requi...
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INDIAN CORPORATE
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JSW Motors has partnered with French firm Dassault Systèmes for digital support. The company said that it will use Dassault Systèmes’ platform as its core digital backbone for the upcoming New Energy Vehicles (NEVs) as part of a c...
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