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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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Indirect Taxes
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13
May
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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
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RBI
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18
May
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RBI/2026-27/66
(Delhi)
Reserve Bank of India (Rural Cooperative Banks – Responsible Business
Conduct) Amendment Directions, 2026
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18
May
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RBI/2026-27/74
(Delhi)
Reserve Bank of India (All India Financial Institutions – Responsible Business
Conduct) Amendment Directions, 2026
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18
May
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RBI/2026-27/63
(Delhi)
Reserve Bank of India (Regional Rural Banks – Credit Risk Management)
Second Amendment Directions, 2026
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18
May
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RBI/2026-27/64
(Delhi)
Reserve Bank of India (Rural Cooperative Banks – Resolution of Stressed
Assets) Amendment Directions, 2026
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18
May
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RBI/2026-27/71
(Delhi)
Reserve Bank of India (Non-Banking Financial Companies – Credit Risk
Management) Second Amendment Directions, 2026
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18
May
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RBI/2026-27/81
(Delhi)
Reserve Bank of India (Payments Banks - Prudential Norms on Capital
Adequacy) Second Amendment Directions, 2026
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18
May
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RBI/2026-27/65
(Delhi)
Reserve Bank of India (Rural Cooperative Banks – Income Recognition, Asset
Classification and Provisioning) Amendment Directions, 2026
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18
May
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RBI/2026-27/70
(Delhi)
Reserve Bank of India (Non-Banking Financial Companies – Responsible
Business Conduct) Amendment Directions, 2026
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18
May
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RBI/2026-27/76
(Delhi)
Reserve Bank of India (Relief Measures by Banks in Areas affected by Natural
Calamities) Directions 2018 – SCBs Repeal Directions, 2026
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18
May
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RBI/DGBA/2026-27/399
(Delhi)
Reserve Bank of India [Disbursement of Government Pension by Agency Banks
(ABs)] Directions, 2026
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18
May
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RBI/DGBA/2026-27/400
(Delhi)
Reserve Bank of India [Conduct of Government Business by Agency Banks
(ABs) – Payment of Agency Commission and Oversight of ABs] Directions, 2026
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18
May
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RBI/2026-27/77
(Delhi)
Reserve Bank of India (Relief Measures by Banks in Areas affected by Natural
Calamities) Directions 2018 – RRBs Repeal Directions, 2026
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18
May
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FEMA 401/2026-RB
(Delhi)
Foreign Exchange Management (Authorised Persons) Regulations, 2026
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18
May
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RBI/2026-27/78
(Delhi)
Issuance of Foreign Exchange Management (Authorised Persons) Regulations, 2026
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18
May
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RBI/2026-27/79
(Delhi)
Reserve Bank of India (Commercial Banks - Prudential Norms on Capital
Adequacy) Fifth Amendment Directions, 2026
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18
May
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RBI/2026-27/80
(Delhi)
Reserve Bank of India (Small Finance Banks - Prudential Norms on Capital
Adequacy) Fourth Amendment Directions, 2026
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18
May
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RBI/2026-27/82
(Delhi)
Operating framework for facilitating Outward Remittance services by nonbank entities through Authorized Dealer (Category I) banks in India
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18
May
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RBI/2026-27/73
(Delhi)
Reserve Bank of India (All India Financial Institutions – Income Recognition,
Asset Classification and Provisioning) Amendment Directions, 2026
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18
May
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RBI/2026-27/75
(Delhi)
Reserve Bank of India (All India Financial Institutions – Credit Risk
Management) Second Amendment Directions, 2026
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18
May
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RBI/2026-27/67
(Delhi)
Reserve Bank of India (Rural Cooperative Banks – Credit Risk Management)
Second Amendment Directions, 2026
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18
May
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RBI/2026-27/68
(Delhi)
Reserve Bank of India (Non-Banking Financial Companies – Resolution of
Stressed Assets) Amendment Directions, 2026
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18
May
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RBI/2026-27/69
(Delhi)
Reserve Bank of India (Non-Banking Financial Companies – Income
Recognition, Asset Classification and Provisioning) Amendment Directions,
2026
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12
May
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RBI/2026-27/61
(Delhi)
Reserve Bank of India (Regional Rural Banks – Income Recognition, Asset
Classification and Provisioning) Amendment Directions, 2026
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12
May
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RBI/2026-27/62
(Delhi)
Reserve Bank of India (Regional Rural Banks – Responsible Business Conduct)
Amendment Directions, 2026
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12
May
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RBI/2026-27/60
(Delhi)
Reserve Bank of India (Regional Rural Banks – Resolution of Stressed Assets)
Amendment Directions, 2026
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INDIAN ECONOMY
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The government is set for a windfall from the Reserve Bank of India through the surplus transfer to be announced on Friday, when the central bank’s board meets to finalise its FY26 accounts. Analysts tracking Mint Road expect a bumper payout in the range of Rs2.8-3.4 lakh crore, higher than the Rs2.7 lakh cro...
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India's oil trade deficit is set to widen sharply in FY27 as rising crude prices, weakening petroleum exports and the country's heavy dependence on imported oil place renewed stress on external balances, according to a report by Crisil.
The report, titled "Oil's not well", underlined that India continues t...
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The ongoing West Asia conflict has begun materializing as a major downside risk for the Indian economy, severely impacting international trade and inflating import costs.
According to a report by Crisil Intelligence, "The downside risks to the economy have begun materializing with over two months of unreso...
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Higher crude oil and food prices amid uncertainty arising from the West Asia conflict, along with the likely impact of an evolving El Nino on agriculture, will drag India's economic growth down to 6.7% in 2026-27, India Ratings and Research (Ind-Ra) said on Tuesday.
Gross domestic product (GDP) growth for ...
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The United Nations has revised downward India's economic growth forecast for 2026 to 6.4 per cent from its earlier projection of 6.6 per cent, citing global uncertainties and economic shocks arising from the ongoing West Asia crisis.
As per the report released by the UN Department of Economic and Social Af...
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India's GDP is likely to grow at 6.2 per cent in FY27, down from the earlier estimate of 6.5 per cent amid elevated crude oil prices triggered by the West Asia crisis, according to rating agency ICRA.
For FY26, ICRA estimates GDP growth at 7.5 per cent, marginally lower than the National Statistical Office...
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A whitepaper from Client Associates Private Wealth Management highlights a sharp economic divide across the Indian states as the top five states: Maharashtra, Tamil Nadu, Uttar Pradesh, Karnataka and Gujarat contribute about 48% of India’s GDP, with Maharashtra alone contributing 13.3%. Meanwhile, the bottom ...
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MARKET & FINANCE
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Foreign institutional investors (FIIs) are staging a structural overhaul of their Indian equity portfolios by aggressively slashing their exposure to the country's multi-billion-dollar bluechip heavyweight stocks. Shareholding pattern data reveals that the top 10 stocks held by FIIs in March 2022, which once ...
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The government is reviewing imports of non-essential items and goods where import dependence is low, among other measures to curtail the country's import bill and encourage domestic capacity creation, officials privy to the matter said. This is likely to be discussed at an interministerial meeting on the West...
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GLOBAL CORPORATE
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Hackers are increasingly using AI to detect software vulnerabilities, which has shortened the time that targets have to respond to threats, Verizon said in an annual report tracking data breaches.
Verizon said using software flaws in data surpassed stolen credentials for the first time. It said in a review...
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Demand for electric vehicles in Europe has surged as high fuel prices linked to the Iran war propel sales of new and second-hand EVs, data exclusively shared with Reuters shows, providing a much-needed boost to the auto industry.
Although sales of fully electric cars grew 30% across Europe in 2025, EV adop...
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China will buy 200 Boeing jets and seek an extension of the trade agreement with the U.S. that was reached in Kuala Lumpur last year, the Chinese Commerce Ministry said on Wednesday.
The statement marked Beijing's first confirmation of the Boeing order.
U.S. President Donald Trump visited China last w...
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The kindest take on the recently concluded US-China summit in Beijing was that the relationship has 'improved' from antagonism to direct engagement. That the meeting ended without acrimony was an achievement.
The US has recalibrated its approach towards China, as confronting it has not helped. Reasons ar...
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Banking
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Amid the turbulent times following the West Asia escalations, financial leaders have expressed strong confidence in the resilience of the Indian economy and its banking architecture. They dismissed immediate panic over dipping foreign exchange reserves and raging geopolitical tensions.
M Narendra (former C...
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The Reserve Bank of India (RBI) on Tuesday proposed standardising capital adequacy disclosures across lenders, bringing unlisted and foreign banks in line with listed peers. Under the draft norms, banks will be required to use uniform reporting formats and units to improve comparability of Basel-related discl...
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GLOBAL ECONOMY
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India’s power distribution sector has sharply narrowed aggregate technical and commercial (AT&C) losses to nearly 15% in FY25 from over 25% in FY15 and reduced the average cost of supply-average revenue realised (ACS-ARR) gap to j...
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China's economy has unexpectedly staggered into the second quarter.
Factories slowed, consumers pulled back and investment unexpectedly shrank, delivering one of the clearest signs yet that Beijing's recovery is being squeezed fr...
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Britain's employers reined in their hiring and posted fewer job vacancies in April, according to data on Tuesday which showed the impact of the Iran war on the economy and prompted investors to cut their bets on Bank of England in...
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Ukraine's economy returned to growth in April after a decline in the first quarter of the year, with gross domestic product up by 0.9%, driven by retail, the food sector and weapons production, Prime Minister Yulia Svyrydenko said...
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Canada's annual inflation rate accelerated to 2.8% in April from 2.4% in March, driven largely by a surge in gasoline prices after the Iran war pushed global crude oil prices sharply higher, data showed on Tuesday.
This marks t...
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Brazil's central bank monetary policy director Nilton David said on Tuesday the bank is troubled by inflation expectations drifting further from its 3% target - particularly for 2028, a horizon expected to be less sensitive to cur...
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South Africa's improving economic outlook has been clouded by the Middle East conflict, which is pushing up energy costs and complicating monetary policy, the Institute of International Finance said on Tuesday.
• The IIF cut i...
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The United Nations on Tuesday cut its forecast for global economic growth, saying the Middle East crisis had reignited inflationary pressures and heightened uncertainty.
A U.N. press release summarizing the mid-year update to t...
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Japanese factory managers' mood improved slightly in May as commodity-related industries recovered from the Iran war-induced sharp drop a month earlier, but weakness in autos and some other industries capped the rebound, the Reute...
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British consumer price inflation slowed to 2.8% in April from 3.3% in March, according to official figures published on Wednesday.
Economists polled by Reuters had mostly expected inflation to soften to 3.0%, in large part due ...
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Indonesia's central bank raised its policy interest rates for the first time in two years at a policy review on Wednesday.
Bank Indonesia (BI) hiked its benchmark 7-day reverse repurchase rate by 50 basis points to 5.25%.
Si...
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INDIAN CORPORATE
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State-run Bharat Petroleum Corporation Ltd (BPCL) plans capital expenditure of Rs 25,000 crore for the financial year 2026-27 (FY27), focused primarily on ongoing expansion projects, against spending of Rs 20,400 crore in the prev...
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Microsoft's biggest data center in India is on track to open by mid-2026, its country head said on Tuesday, as the tech giant spends heavily to bolster its position in one of the world's largest markets for artificial intelligence...
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State-owned Bharat Petroleum Corporation Ltd. (BPCL) on Tuesday reported a largely flat net profit of Rs 3,191.49 crore for the January-March quarter after taking an impairment loss of Rs 4,349.13 crore on upstream investments ami...
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Food and beverages major PepsiCo will invest up to Rs 5,700 crore in India by 2030, mainly to increase manufacturing capacity of its foods business, India and South Asia CEO Jagrut Kotecha said on Tuesday.
PepsiCo India, which ...
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Insolvency
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More than 8,800 Corporate Insolvency Resolution Processes (CIRPs) were admitted under the Insolvency and Bankruptcy Code (IBC) until December 2025, with creditors realising over Rs 4.11 lakh crore through approved resolution plans...
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To avoid delays in the appointment of insolvency professionals (IPs) during the bankruptcy process, the government has come out with a fresh set of guidelines that mandate Insolvency and Bankruptcy Board of India (IBBI) to define ...
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