May 15, 2026

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Indirect Taxes

13
May

Notification No. 43/2026 (Delhi)
Amendment in the Notification No. 63/1994-Customs (N.T) dated 21.11.1994 in respect of Land Customs Station, Samrang

RBI

12
May

RBI/2026-27/60 (Delhi)
Reserve Bank of India (Regional Rural Banks – Resolution of Stressed Assets) Amendment Directions, 2026

12
May

RBI/2026-27/62 (Delhi)
Reserve Bank of India (Regional Rural Banks – Responsible Business Conduct) Amendment Directions, 2026

12
May

RBI/2026-27/61 (Delhi)
Reserve Bank of India (Regional Rural Banks – Income Recognition, Asset Classification and Provisioning) Amendment Directions, 2026

6
May

RBI/2026-27/55 (Delhi)
Reserve Bank of India (Local Area Banks – Credit Risk Management) Second Amendment Directions, 2026

6
May

RBI/2026-27/56 (Delhi)
Reserve Bank of India (Urban Cooperative Banks – Resolution of Stressed Assets) Second Amendment Directions, 2026

6
May

RBI/2026-27/57 (Delhi)
Reserve Bank of India (Urban Cooperative Banks – Income Recognition, Asset Classification and Provisioning) Amendment Directions, 2026

6
May

RBI/2026-27/58 (Delhi)
Reserve Bank of India (Urban Cooperative Banks – Responsible Business Conduct) Amendment Directions, 2026

6
May

RBI/2026-27/59 (Delhi)
Reserve Bank of India (Urban Cooperative Banks – Credit Risk Management) Second Amendment Directions, 2026

6
May

RBI/2026-27/52 (Delhi)
Reserve Bank of India (Local Area Banks – Resolution of Stressed Assets) Amendment Directions, 2026

6
May

RBI/2026-27/53 (Delhi)
Reserve Bank of India (Local Area Banks – Income Recognition, Asset Classification and Provisioning) Amendment Directions, 2026

6
May

RBI/2026-27/46 (Delhi)
Reserve Bank of India (Commercial Banks – Responsible Business Conduct) Amendment Directions, 2026

6
May

RBI/2026-27/47 (Delhi)
Reserve Bank of India (Commercial Banks – Credit Risk Management) Third Amendment Directions, 2026

6
May

RBI/2026-27/48 (Delhi)
Reserve Bank of India (Small Finance Banks – Resolution of Stressed Assets) Amendment Directions, 2026

6
May

RBI/2026-27/50 (Delhi)
Reserve Bank of India (Small Finance Banks – Responsible Business Conduct) Amendment Directions, 2026

6
May

RBI/2026-27/51 (Delhi)
Reserve Bank of India (Small Finance Banks – Credit Risk Management) Second Amendment Directions, 2026

6
May

RBI/2026-27/49 (Delhi)
Reserve Bank of India (Small Finance Banks – Income Recognition, Asset Classification and Provisioning) Amendment Directions, 2026

6
May

RBI/2026-27/54 (Delhi)
Reserve Bank of India (Local Area Banks – Responsible Business Conduct) Amendment Directions, 2026

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INDIAN ECONOMY

US may drop fraud charges against Gautam Adani, SEC eyes settlement: Reports

US authorities are moving toward resolving fraud charges against billionaire Gautam Adani, Bloomberg and New York Times reported citing sources. The US Department of Justice (DOJ) could announce as early as this week that it is dropping the charges against Adani and other defendants. At the same time, the US ...

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RBI likely to pay record dividend to govt this year

The Reserve Bank of India (RBI) is expected to pay the highest-ever dividend to the government, providing the Centre with a fiscal cushion to address challenges arising from the ongoing Middle East crisis, sources said. Last year the RBI made a record dividend payout of Rs 2.69 lakh crore to the central go...

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India figures in EU's draft list for continued export of aquaculture products

India has been included in the European Union's revised draft list for continued export of aquaculture products to the 27-nation bloc, a move that is expected to ensure uninterrupted shipments of these goods beyond September this year, an official statement said on Thursday. The revised draft list was publ...

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Goyal calls for aligning standards, customs procedures between India and Africa to boost bilateral trade

Commerce and Industry Minister Piyush Goyal on Thursday pitched for aligning standards and customs procedures between India and Africa to boost bilateral trade. He also said that the African Continental Free Trade Area (AfCFTA), valued at nearly USD 3.4 trillion, along with India's rapidly expanding USD 4 ...

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India’s cities need Rs 80 lakh crore investment to support urban growth: Report

India will require nearly Rs 80 lakh crore in urban infrastructure investment by 2037 to support rapid urbanisation and economic growth, according to a report by Brickwork Ratings. The report highlighted urban areas are expected to contribute nearly 70 per cent of India's GDP by 2036, making sustainable fi...

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Fiscal strain unlikely to hit crisis relief

India’s fiscal deficit in FY27 may overshoot the budgeted target to some extent as the Centre is implementing a series of relief and stabilisation measures to shield citizens, farmers and businesses from the fallout of the escalating West Asia conflict, sources told FE. However, they stressed, the slippage...

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Argentina Inflation Dips in April

Argentina's monthly inflation rate was 2.6% in April, down from the 3.4% registered in March but slightly above analysts' forecast of 2.5% despite increases in all sectors, data from national statistics agency INDEC showed on Thursday. In the 12 months through April prices rose 32.4%, edging below the prev...

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MARKET & FINANCE

Global Bonds Tumble as Flaring Inflation Spooks Investors

The global bond market limped to the end of a bruising week on Friday, as growing evidence of economic damage from the Iran war prompted investors to assume interest rates will rise faster than expected and growth will suffer. U.S. Treasury yields hit their highest in around a year as traders anticipated...

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ECB filings halve to USD 5.43 billion in March: RBI

Foreign borrowing filings by companies and lenders halved to USD 5.43 billion in March amid financial market volatilities following the West Asia conflict, the RBI said on Thursday. The proposals filed by Indian companies, including non-banking financial companies (NBFCs), were lower than the USD 11.04 bil...

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RBI considers reducing taxes on bond investments by foreigners: Report

India is considering a significant reduction in the taxes paid by foreign investors on the country's bonds as authorities seek to align policies with global norms and attract inflows, Bloomberg News reported on Thursday. The move, recommended by the Reserve Bank of India, is being seriously considered by t...

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SEBI proposes to allow intraday borrowing by mutual funds for purposes other than redemption/ payouts

Securities and exchange board of India (Sebi) proposed on Wednesday to allow mutual fund houses to use intraday borrowing for purposes other than redemption or unitholder payouts like for liquidity needs for trade settlements, derivative obligations, repayment of existing borrowings etc....

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GLOBAL CORPORATE

US Business Inventories Post Biggest Gain in Nearly Four Years in March

U.S. business inventories increased by the most in nearly four years in March, boosted by stocks at wholesalers, government data showed on Thursday. Inventories rose 0.9%, the largest gain since June 2022, after climbing 0.4% in February, the Commerce Department's Census Bureau said on Thursday. Economists...

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Chip Export Controls Not Major Topic in China Talks, US Trade Rep Greer Tells Bloomberg News

U.S. Trade Representative Jamieson Greer told Bloomberg TV in an interview on Friday that U.S. export controls on semiconductor chips were not a major topic of discussions with Chinese officials in Beijing. The comments suggest a breakthrough on selling Nvidia's advanced H200 chips to China remains far awa...

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China Still Drags Its Feet on Rare Earths Sometimes, Says Greer

Rare earth exports from China to the United States are improving although Beijing is still slow to approve some shipments, U.S. Trade Representative Jamieson Greer said on Thursday. China still drags its feet with some export licenses, he said during an interview on Bloomberg Television, and U.S. officials...

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Trump says made 'fantastic trade deals' with Xi

President Donald Trump said he made "fantastic trade deals" with Xi Jinping, as the pair met on Friday at final meetings of a superpower summit that according to the US leader has also reaped a Chinese offer to help open the Strait of Hormuz. Trump had arrived in Beijing seeking to seal deals in sectors in...

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INCOME TAX

Income tax return AY 26-27: Excel utility, online filing for ITR-1, and ITR-4 forms now available on e-filing portal

The Income Tax (I-T) Department has released Excel utility versions of Income Tax Return (ITR) forms 1 and 4 for the Assessment Year 2026-27 (FY 2025-26) while also starting online filing for the same forms These tools are now available for download on the official income tax e-filing portal, allowing eligibl...

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I-T dept unveils aggressive litigation cleanup plan

The Income Tax Department has drawn up an aggressive litigation management strategy for 2026-27 with a view to speeding up disposal of tax appeals. The new drive will focus on high-value disputes, and cutting long-pending legacy cases despite substantial vacancies in appellate authorities. It has disposed ...

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Banking

India plans central back office for rural banks amid rising AI risks

Amid threats from the latest AI models, the government is exploring a centralised back office, for Regional Rural Banks (RRBs) to strengthen tech infrastructure and expand their digital services. The National Bank for Agriculture and Rural Development may lead the initiative, focusing on shared digital pla...

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GLOBAL ECONOMY

New Bank of Korea Board Member Says Inflation Worries Are Heightening

South Korea's newly appointed central bank board member, Kim Jin-ill, said on Friday inflation worries had heightened due to high oil prices sparked by the Middle East conflict. Kim said economic conditions were improving led b...

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German Economy to Take Hit From Iran War During Q2, Ministry Says

Economic growth in Germany, which was just 0.3% in the first quarter, will likely take a significant hit from the effects of the Iran war in the second quarter, the federal economy ministry warned on Friday. "Rising prices, sup...

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World Bank Forecasts Vietnam 2026 Economic Growth to Slow to 6.8%

Vietnam's economic growth is expected to slow to 6.8% this year from an expansion of 8% last year, the World Bank said on Friday. The country's outlook remains solid but risks remain elevated in the near term, the bank said in ...

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Japan's Q1 GDP Likely Rose on Firm Exports

Japan's economy is expected to have grown for a second quarter in January-March, supported by recovering exports and solid domestic demand, although the full impact of the Iran war had yet to be felt, a Reuters poll showed on Frid...

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Japan's Wholesale Inflation Spikes on Energy Shock, Bolsters Case for June Rate Hike

Japan's wholesale inflation accelerated in April at the fastest pace in three years as the Iran war boosted oil and chemical goods prices, data showed on Friday, bolstering the case for the central bank to raise interest rates as ...

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Peru's Central Bank Holds Benchmark Interest Rate at 4.25%

Peru's central bank held its benchmark interest rate for the eighth straight time on Thursday, keeping it at 4.25%, in line with analysts' expectations, after inflation in April remained outside the bank's target range. Peru's ...

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New Zealand Manufacturing Expansion Nearly Stalls in April, Survey Shows

New Zealand's manufacturing index marginally expanded in April, but the sector's growth slowed to a six-month low as the conflict in the Middle East drove up costs and disrupted supply chains, a survey showed on Friday. The Ban...

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Venezuela Debt Restructuring to Bring Country 'Out of Shadows,' Central Bank Chief Says

Restructuring Venezuela's sovereign debt and that of state oil firm PDVSA will bring the country "out of the shadows" of the global financial system, interim Central Bank President Luis Perez said on Thursday. Venezuela announc...

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Inflation Is Most 'Pressing Risk' to US Economy, Fed's Schmid Says

Inflation is the biggest risk to a U.S. economy that has shown "remarkable resilience" in the face of numerous challenges, and the job market is stable, Kansas City Federal Reserve President Jeffrey Schmid said on Thursday. "I ...

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US Import Prices Surge in April as Fuels Post Biggest Gain in Four Years

U.S. import prices surged in April, with the cost of fuels posting the largest increase in four years, another indication that the U.S.-backed war with Iran was boosting inflation. Import prices increased 1.9% last month after ...

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UK Economy Posts Strong Q1, but Iran War Casts Shadow Over Outlook

Britain's economy grew unexpectedly in March to cap another strong first quarter, suggesting it was in better shape as the Iran war escalated than many feared, though economists said seasonal distortions were flattering the figure...

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UK's economy grows by 0.6% in Q1 2026 despite Middle-East conflict headwinds

The UK's GDP grew by 0.6 per cent in the first quarter of 2026, following an increase of 0.2 per cent in Q4 of 2025. According to the data released on Thursday by the Office of National Statistics, the UK's official statistics age...

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INDIAN CORPORATE

IRFC Q4 profit flat; FY26 PAT hits record Rs 7,009 crore

Railway PSU, IRFC has posted a flat profit for March quarter, as its net profit for Q4 edged up by just 0.14% at Rs 1,684 crore against Rs 1,618 crore reported in the year-ago period. On a sequential basis the company’s bottom lin...

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HAL Q4 Result: Net Profit rises 5%, announces highest-ever dividend of Rs 35

The share price of defence equipment manufacturing company, Hindustan Aeronautics rose by 4% as the company posted 5% growth in its consolidated net profit for the March quarter largely driven by high operational revenue and one-...

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JSW Steel profit up 989% in Q4 on one-off gains

Sajjan Jindal-led JSW Steel reported a 989.2% year-on-year jump in net profit for the fiscal fourth quarter, driven mainly by one-time gains on account of the slump sale in Bhushan Power and Steel Limited (BPSL), and supported by ...

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Air India posts $2.8 billion loss in FY26

Air India posted a record annual loss of about $2.8 billion, or nearly Rs 26,798 crore at current exchange rates, for 2025-26, as disruptions linked to the Iran conflict, closure of Pakistani airspace for Indian carriers, high fue...

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Muthoot Finance Q4 profit doubles to Rs 3,086 crore on record gold loan growth

Muthoot Finance’s standalone net profit more than doubled year-on-year to Rs 3,086 crore in the fourth quarter of FY26, driven by a sharp rise in interest income and record gold loan disbursements. The country’s largest gold loan ...

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GCCs, EVs, commercial spaces offering big opportunities: CEO & MD, Tata Power

Tata Power beat analyst estimate with a profit of Rs 996 crore in Q4. Going ahead, the integrated power company would be ready with a detailed project report (DPR) for its nuclear projects. Its MD & CEO Praveer Sinha tells Raghave...

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Titan: Why Nomura eyes 20% growth and Rs 500 crore gain despite 15% duty on Gold

The Indian jewellery sector stocks continue to be in the limelight after the government sharply increased the effective import duty on gold from 6% to 15%. The move, announced amid concerns around rising imports and pressure o...

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