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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 recent Rs 3 hike in petrol and diesel prices, announced after the Prime Minister's national exhortation for austerity, was widely anticipated, according to a research report by Systematix. It stated that the hike is almost "certainly the beginning of a series of hikes, not the end of one."
The report w...
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Capital expenditure by state governments likely grew a modest 5% year-on-year in 2025-26, as fiscally cautious states put the brakes on borrowings despite a moderation in tax revenue growth.
Aggregate capital outlay by 18 major states rose 4.7% year-on-year to Rs 6.19 lakh crore in FY26. These states — And...
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Finance Commission Chairman Arvind Panagariya has cautioned against targeting gold imports through higher duties, arguing that allowing the rupee to depreciate would be a more effective way to manage India's widening current account pressures.
Panagariya backed Prime Minister Narendra Modi's public appeals...
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In a bid to safeguard macroeconomic stability against volatile global commodity shifts, a report by Brickwork Ratings revealed that a strategic, consumer-led "demand-side push" could help India save up to USD 37.8 billion (approximately Rs 3.59 lakh crore) in foreign exchange reserves.
With crude prices li...
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North America, North-East Asia, and Latin America together accounted for over 35 per cent of India's merchandise exports, which stood at USD 441.78 billion in 2025-26, reflecting a gradual shift towards a more diversified and resilient global trade structure, according to commerce ministry data.
Exports to...
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Free Trade Agreements (FTAs), reduction in import tariffs and improvement in business environment would encourage higher net foreign capital inflows into India, which have moderated in recent years, ADB Chief Economist Albert Park has said.
During 2021-22, India attracted net Foreign Direct Investment (FDI...
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As global corporations actively diversify their supply chains away from China under the "China-plus-one" strategy, India must aggressively overhaul its tax bureaucracy, streamline single-window clearances, and prioritise Free Trade Agreements (FTAs) with developed economies.
Speaking to ANI, prominent econ...
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Former NITI Aayog member Arvind Virmon Sunday outlined a strategic roadmap as escalating geopolitical tensions in West Asia disrupt global supply chains and drive up energy costs.
Speaking with ANI, Virmani suggested navigating this crisis by adopting a two-pronged strategy by implementing a gradual pass-t...
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India's trade deficit is likely to remain under pressure in the coming months as elevated crude prices, supply-side disruptions and a potential global demand slowdown weighed on exports, according to a research report by Nuvama Institutional Equities.
It added that while Rupee depreciation could offer some...
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With the US-Iran conflict keeping global crude oil prices elevated and the Strait of Hormuz disruption pushing up metal costs, the economic research wing of Bank of Baroda sees further upside pressure on headline WPI in the coming months.
If a peace deal is not reached soon, prolonged tensions could keep f...
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As India battles soaring energy import costs and a weakening rupee amid global oil turmoil, a Monaco-based fuel technology company says it may have found an answer hiding in plain sight: water.
FOWE Eco Solutions, through its patented Cavitech fuel emulsion technology, claims industries can slash fuel cons...
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The West Bengal government gave in-principle approval to hand over seven national-highway stretches to the National Highways Authority of India (NHAI) and the National Highways and Infrastructure Development Corporation Ltd (NHIDCL). The decision lifts a nearly year-long hold-up and paves the way for long-pen...
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The continued attempts at diversification of Indian exports has led to significant expansion of products and market footprint in 2025-26 generating additional exports of $ 202.2 million
The strongest value contribution to the diversification came from advanced engineering and industrial sectors. “The trend...
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The trade ministers of Brics on Saturday discussed ways to make the rapidly growing trade among members nations more balanced and open to newer opportunities in the services sector.
Addressing the second meeting of Brics Contact Group on Trade and Economic Issues (CGETI) in Gandhinagar, Commerce Secretary ...
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MARKET & FINANCE
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Global funds pulled out $24.4 billion from emerging markets over the past 15 weeks, with China-focused funds accounting for nearly $22 billion of outflows, according to a report by Elara Capital. In contrast, developed markets attracted $46 billion of inflows over the past eight weeks, led by a $23 billion in...
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Bonds from Tokyo to New York extended losses on Monday as rising energy prices from the ongoing Middle East war fanned inflation fears and stoked investor wagers on rate hikes from global central banks.
Benchmark 10-year U.S. Treasury yields, which move inversely to prices, jumped to their highest since Fe...
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Foreign investors have continued withdrawing from Indian equities, with net outflows reaching Rs 27,048 crore so far this month. The selling spree reflects the cautious stance among global investors amid shifting global macroeconomic conditions and ongoing geopolitical uncertainty.
Data from the NSDL show...
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Investors are warning that lofty U.S. stock markets have not yet priced in the risk of rocketing inflation and are vulnerable to a sharp spike in bond yields.
Equity markets have been propelled by robust first-quarter earnings and expectations of boosts from artificial intelligence, overshadowing the risk ...
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GLOBAL CORPORATE
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Following US President Donald Trump's visit to China, the White House has announced that China has agreed to buy atleast USD 17 billion worth of agricultural products annually across three years, as US President Donald Trump and Chinese President Xi Jinping reached a consensus on several major issues, aimed a...
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BlackRock has held discussions to invest between $5 billion and $10 billion in SpaceX's planned initial public offering next month, Reuters reported citing news outlet The Information on Saturday.
Bloomberg News reported on Friday that a majority of SpaceX shareholders have approved a 5-for-1 stock split rec...
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As U.S. President Donald Trump showered praise on his Chinese counterpart Xi Jinping on Friday, the CEOs of several U.S. aviation, commodities, technology, and finance conglomerates looked to advance their business interests by meeting the heads of powerful Chinese regulators and ministries.
These include ...
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RBI
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Amid austerity calls to conserve hard currency, regulatory authorities are scrutinising whether India Inc's overseas direct investments (ODI) have gone into "bona fide businesses."
The RBI's foreign exchange department is asking companies to explain the intent and rationale behind investments, the governan...
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GLOBAL ECONOMY
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China's growth lost momentum in April, with industrial output and retail sales both sharply undershooting expectations as the world's second-biggest economy wrestled with higher energy costs from the Iran war and persistently weak...
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Bank of Japan Deputy Governor Ryozo Himino on Saturday called for a "holistic approach" in designing the global future monetary system that does not confine options to central bank digital currencies and stablecoins.
The U.S. p...
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Israel's economy began 2026 with a slowdown, hit by war with Iran, but growth is expected to recover as long as the conflict does not reignite.
Gross domestic product contracted at an annualised rate of 3.3% in the first three ...
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The fallout from the war in Iran continued to ripple across the global economy, complicating the outlook and fueling inflation angst.
In the US, a closely watched measure of consumer prices climbed at the fastest pace since 202...
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The lopsided foundations of world growth will focus global finance ministers this week in the aftermath of the summit that attempted to reset trade ties between its two biggest economies.
While a relative sideshow to US Preside...
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INDIAN CORPORATE
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China is expanding state support beyond key sectors such as electric vehicles, semiconductors and clean energy, and extending industrial policy across almost every part of its economy, according to a report by the US Chamber of Co...
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India has emerged as the largest market globally for KitKat, the iconic chocolate-coated wafer bar of Swiss food and confectionery major Nestle, driven by strong consumer penetration, product innovation and aggressive marketing in...
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Bank of Baroda reported a record net profit of Rs 5,616 crore for Q4FY26, up 11.2% from Rs 5,048 crore a year ago, driven by higher net interest income and lower tax provisions, while full-year profit crossed Rs 20,000 crore to re...
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Vodafone Idea reported a consolidated net profit of Rs 51,970 crore for the quarter ended March 31, 2026, compared with a net loss of Rs 7,166 crore in the same quarter last fiscal, helped by a one-time accounting gain linked to r...
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Vodafone Idea’s board has approved a preferential issue of warrants worth up to Rs 4,730 crore to promoter group entity Suryaja Investments, Singapore, an Aditya Birla Group entity, in a fresh capital raise aimed at strengthening ...
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Prudential plc on Sunday announced to acquire a majority 75 per cent stake in Bharti Life Insurance for Rs 3,500 crore from Bharti Life Ventures Pvt Ltd and 360 ONE Asset Management.
Currently, Prudential is a partner with ICIC...
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