March 24, 2026

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IMC EVENTS

NOTICE

OTHER EVENTS

 

4
Apr

ECAMEX26

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Notifications

 
CUSTOMS

23
Mar

Notification No. 26/2026 (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), (4) and (5) of section 5 of the Customs Act, 1962

23
Mar

Notification No. 27/2026 (Delhi)
S.O. … (E).– In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962

23
Mar

Notification No. 28/2026 (Delhi)
S.O. … (E).– In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962

23
Mar

Notification No. 29/2026 (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 (52 of 1962)

23
Mar

Circular No.12/2026 (Delhi)
Return of export cargo from international waters due to closure ofthe Strait of Hormuz - Section 143AA of the Customs Act, 1962 - reg.

DIRECTORATE GENERAL OF FOREIGN TRADE

21
Mar

Notification No. 29/2025-26 (Delhi)
Amendment in Export Policy of Animal By-Products- regarding.

21
Mar

Notification No. 38 /2025-26 (Delhi)
Export of 100 MT of wheat seed (DWR-162) under ITC (HS) code 10019100 from University of Dharwad to Indonesia.

21
Mar

Notification No.41-/2025-26 (Delhi)
Amendment in Import Policy Condition of Sulfadiazine API covered under Chapter 29 of ITC (HS), 2022, Schedule-I (Import Policy)-regarding.

21
Mar

Notification No. 52 /2025-26 (Delhi)
Amendment for extension of validity of Minimum Export Price (MEP) on export of Natural Honey - regarding.

21
Mar

Notification No. 54 /2025-26 (Delhi)
Amendment in Import Policy & Policy Condition of Low Ash Metallurgical Coke under Chapter 27 of ITC (HS), 2022, Schedule-I (Import Policy) – regarding.

21
Mar

Notification No. 56/2025-26 (Delhi)
Amendment in import policy and policy condition of Penicillins and its salts, 6- APA and Amoxycilline and its salts falling under ITC (HS) Code 29411010, 29411050 and 29411030, respectively, of Chap

21
Mar

Notification No. 31/2025-26 (Delhi)
Notification on Revision of SCOMET List under Appendix-3 of ScheduleII(Export Policy), ITC(HS), 2022-regarding.

21
Mar

Notification No. 32 /2025-26 (Delhi)
Export Policy of Second Generation (2G) Ethanol - regarding.

21
Mar

Notification No. 34/2025-26 (Delhi)
Amendment in import policy of specific ITC (HS) codes under Chapter 71 of Schedule- I(Import Policy) of ITC (HS) 2022.

21
Mar

Notification No. 43/2025-26 (Delhi)
Amendment in import policy and policy condition of Areca Nuts falling under ITC (HS) Code 08028090 and 20081991 of Chapter-20 of ITC (HS), 2022, Schedule-l (Import Policy)

21
Mar

Notification No. 44 /2025-26 (Delhi)
Syncing of ITC (HS), 2022- Schedule-1 (Import Policy) with Finance Act 2025 (No. 07 of 2025) dated 29.03.2025 -reg.

21
Mar

Notification No. 58 / 2025-26 (Delhi)
Amendment in import policy of ITC (HS) code 71141920 covered under Chapter 71 of ITC (HS), 2022, Schedule - I (Import Policy) - Reg.

21
Mar

Notification No. 6O /2025-26 (Delhi)
Rationalisation of RoDTEP rates - reg.

21
Mar

Notification No. 61/2025-26 (Delhi)
Amendment in export policy of Wheat flour and related items falling under HS Code 1101- regarding.

21
Mar

Notification No. 62/2025-26 (Delhi)
Amendment in export policy of Wheat - regarding.

21
Mar

Notification No. 28/2025-26 (Delhi)
Amendment in Para 2.03(A) (i) (g) of the Foreign Trade Policy, 2023 laying down enabling provisions for import of inputs, that are subjected to mandatory Quality Control Orders (QCOs), by Advance Au

21
Mar

Notification No. 30/2025-26 (Delhi)
Amendment in Import Policy Condition of ATS-8 covered under Chapter 29 of ITC HS, 2022, Schedule –I (Import Policy)-regarding.

21
Mar

Notification No: 35 /2025 (Delhi)
Extension of RoDTEP Scheme for DTA Units beyond 30.09.2025 and Applicability to DTA/AA/SEZIEOU Exports till 31 .03.2026 - reg.

21
Mar

Notification No.36/2025-26 (Delhi)
Exemptions for Export of Agricultural Commodities to Bhutan-regarding.

21
Mar

Notification No. 37/2025-26 (Delhi)
Amendment in Export Policy of De-Oiled Rice Bran -regarding

21
Mar

Notification No. 42/2025-26 (Delhi)
Amendment in Export Policy of Meat and Meat products -regarding

21
Mar

Notification No.49 /2025-26 (Delhi)
Amendment to Para 4.63 of FTP-2023-reg

21
Mar

Notification No. 53/2025-26 (Delhi)
Subject: Amendment in Import Policy & Policy Condition of Low Ash Metallurgical Coke under Chapter 27 of ITC (HS), 2022, Schedule-I (Import Policy) - regarding.

21
Mar

Notification No. 55/2025-26 (Delhi)
Amendment in export policy of items under HS Code 1101 - regarding.

21
Mar

Notification No.48/2025-26 (Delhi)
Amendment in Import Policy of ITC HS 71131921 covered under Chapter 71of ITC (HS) 2022, Schedule –I (Import Policy) -reg.

21
Mar

Notification No. 51 /2025-26 (Delhi)
Allowing Export of 50,000 MT of Organic Sugar per financial year - regarding.

21
Mar

Notification No. 59/2025-26 (Delhi)
Streamlining of Halal Certification Process for Meat and Meat Products regarding.

21
Mar

Notification No. 45 /2025-26 (Delhi)
Amendment in Import Policy Condition of specific ITC (HS) Codes of Chapter 29 and 38 of ITC (HS), 2022- Schedule-1 (Import Policy) -reg.

21
Mar

Notification No. 46/2025-26 (Delhi)
Partial amendment in Import Policy Condition of Synthetic Knitted Fabrics Covered under Chapter 60 of the ITC (HS), 2022 - reg.

21
Mar

Notification No. 47/2025-26 (Delhi)
Amendment in Export Policy of Red Sanders (Pterocarpus Santalinus) - regarding.

21
Mar

Notification No. 50 /2025-26 (Delhi)
Amendment in Import Policy Condition of Specific items covered under Chapter 29 of ITC (HS) 2022, Schedule-I (Import Policy)-reg.

21
Mar

Notification No. 57 / 2025-26 (Delhi)
Amendment in Import Policy and Policy condition of Umbrellas covered under Chapter 66 of Schedule -I (Import Policy) of ITC (HS) 2022.

21
Mar

Corrisendum to Notification No. 60 12025-26 (Delhi)
Corrigendum on Rationalisation of RoDTEP rates - reg.

21
Mar

Notification No. 63 /2025-26 (Delhi)
Amendment in import policy of ITC (HS) code 71131144 and 71131145 covered under Chapter 71 of ITC (HS), 2022, Schedule - I (Import Policy)-reg.

21
Mar

Notification No. 64/2025-26 (Delhi)
Amendment in Policy condition No.2 to Chapter 95 of ITC (HS), 2022 - Schedule - 1 (Import Policy).

21
Mar

Notification No. 65/2025-26 (Delhi)
Time-limited Support for Exporters in view of Geopolitical Disruptions in the Gulf and West Asia Maritime Corridor - reg.

21
Mar

Notification No. 33/2025-26 (Delhi)
Amendment in Export Policy of Non-Basmati Rice under Chapter 10 of Schedule- II (Export Policy) of ITC (HS) 2022-regarding.

21
Mar

Notification No.39 /2025-26 (Delhi)
Amendment in Export Policy Condition under HSN 1006 of Schedule-II (Export Policy), ITC(HS) 2022-reg.

21
Mar

Notification No. 40/2025-26 (Delhi)
Amendment in Import Policy Condition of specific items covered under Chapter 70, 73, 84 and 85 of ITC (I-IS) 2022, Schedule—I (Import Policy) -reg.

20
Mar

Notification No. 12/2025-26 (Delhi)
Amendments to Para 4.41(5) of FTP-2023-reg

20
Mar

Notification No. 17/2025-26 (Delhi)
Amendment in Export Policy for Pharma Grade Sugar -reg.

20
Mar

Notification No.21 /2025-26 (Delhi)
Port restriction on import of certain goods from Bangladesh to India under ITC (HS), 2022 Schedule 1 (Import Policy)

20
Mar

Notification No. 22/2025-26 (Delhi)
Continuation of imposition of Quantitative Restriction on import of Low Ash Metallurgical Coke under Chapter 27 of ITC (HS) 2022, Schedule - I (Import Policy)- Regarding.

20
Mar

Notification No.23/2025-26 (Delhi)
Extension in Minimum Import Price (MIP) Condition on import of Soda Ash covered under Chapter 28 of I'TC (HS) 2022, Schedule-I (Import Policy)- reg

20
Mar

Notification No. 24 /2025-26 (Delhi)
Port restriction on import of certain goods from Bangladesh to India under ITC (HS), 2022 Schedule 1 (Import Policy)-reg.

20
Mar

Notification No. 25/2025-26 (Delhi)
Amendment to Para 4.61 and Para 4.63 of FTP-2023-reg

20
Mar

Notification No. 26 /2025-26 (Delhi)
Amendment in Import Policy Condition of specific items covered under Chapter 48 of ITC HS, 2022, Schedule –I (Import Policy)-regarding.

20
Mar

Notification No.27 /2025-26 (Delhi)
Amendment of Minimum Export Price (MEP) on export of Honey - regarding.

20
Mar

Notification No. 15 /2025-26 (Delhi)
Removal of Port Restrictions and Testing Requirements for Export of Finished Leather, Wet Blue Leather, El Tanned Leather and Crust Leather regarding.

20
Mar

Notification No. 50/2024-25 (Delhi)
Notification of Schedule-II (Export Policy) of ITC(HS) 2022, in sync with Finance Act 2024 dated 16.08.2024-reg.

20
Mar

Notification No. 52/2024-25 (Delhi)
Amendment in Export Policy condition of Agarwood (Aquilaria Malaccensis) Chips and Powder and Agar Oil obtained from artificially propagated sources - reg.

20
Mar

Notification No: 11/2025-26 (Delhi)
Restoration of RoDTEP for Advance Authorisations (AAs) holders, Special Economic Zones (SEZs) and Export-Oriented Units (EOUs) from 01.06.2025

20
Mar

Notification No: 10 /2025-26 (Delhi)
Alignment of RoDTEP Schedule consequent to changes in the First Schedule of Customs Tariff Act w.e.f. 01.05.2025.

20
Mar

Notification No. 09/2025-26 (Delhi)
Harmonisation of Schedule-I! (Export Policy), ITC (HS) 2022 with amendments introduced vide Finance Act, 2025 -regarding.

20
Mar

Notification No. 05/2025-26 (Delhi)
Amendment in Import Policy Condition of Synthetic Knitted Fabrics Covered under Chapter 60 of the ITC (HS), 2022-reg.

20
Mar

Notification No. 06/2025-26 (Delhi)
Prohibition on Import or transit of all goods originating in or exported from Pakistan- Insertion of Para 2.20A of Foreign Trade Policy (FTP) 2023, - reg.

20
Mar

Notification No. 08 /2025-26 (Delhi)
Amendment in Import Policy and Policy Conditions of specific ITC (HS) codes under Chapter 71 of Schedule –I(Import Policy) of ITC (HS) 2022 in sync with the Finance Act 2025 -reg.

20
Mar

Notification No.07/2025-26 (Delhi)
Port restriction on import of certain goods from Bangladesh to India Insertion of a new Para 19 under 'General Notes Regarding Import Policy' under ITC (HS), 2022 Schedule 1 (Import Policy)

20
Mar

Notification No. 54 /2024-25 (Delhi)
Amendment in import Policy Condition of Glufosinate Technical covered under HS Code 38089390 of Chapter 38 of Schedule –I (Import Policy) of I?? (HS) 2022.

20
Mar

Circular No. 03 /2025-26 (Delhi)
Clarification regarding Export of "Organic Textiles"- regarding.

20
Mar

Circular No. 06 /2025-26 (Delhi)
Clarification regarding applicability of restriction on Silver Jewellery imposed vide Notification No. 34/2025-26 dated 24.09.2025 - Reg.

20
Mar

Notification No. 61 /2024-25 (Delhi)
Amendment in Export Policy of Broken Rice under HS code 1006 40 00

20
Mar

Notification No. 63/2024-25 (Delhi)
Extension in Import Period for Yellow Peas under ITC(HS) Code 07131010 of Chapter 07 of ITC (HS) 2022, Schedule -I(Import Policy) -reg

20
Mar

Notification No. 65/2024-25 (Delhi)
Amendment in import policy condition of Urea [Exim Code 31021010] in the ITC (HS) 2022, Schedule –I (Import Policy) - Regarding.

20
Mar

Circular No.10/2025-26 (Delhi)
EPCG Scheme - Relief in Average Eo in terms of the para 5.17(a) of Hand Book of procedures (HBp) of FTP,2023,

20
Mar

Notification No. 56 /2024-25 (Delhi)
Amendment in Export Policy of De-Oiled Rice Bran -reg

20
Mar

Notification No. 57 /2024-25 (Delhi)
Export of Broken Rice to Senegal through National Cooperative Exports Limited (NCEL) -reg

20
Mar

Circular No. 1/2025-26 (Delhi)
Clarification regarding Export of "Organic Textiles" - regarding.

20
Mar

Circular No. 02 /2025-26 (Delhi)
Clarification regarding applicability of Para 2.12 of the Foreign Trade Policy, 2023-reg.

20
Mar

Circular No. 04/2025-26 (Delhi)
Clarification regarding applicability of Minimum Import Price (MIP) on Virgin Multilayer Paper Board (VPB) imposed vide Notification No. 26/2025-26 dated 22.08.2025 - Reg.

20
Mar

Notification No. 58/2024-25 (Delhi)
Amendment in Import Policy condition no. 1(III) under Chapter 87 of ITC (HS), 2022, Schedule -I (Import Policy). - reg.

20
Mar

Notification No. 62/2024-25 (Delhi)
Amendment in Export Policy Condition under HSN of Schedule-II (Export Policy), ITC(HS) 2022-reg.

20
Mar

Notification No. 1 /2025-26 (Delhi)
Supply of essential commodities to the Republic of Maldives during 2025-26- reg.

20
Mar

Notification No. 04/2025-26 (Delhi)
Amendment in Import Policy Condition No.07 (i) of Chapter - 27 of Schedule-I (Import Policy) of ITC (HS), 2022 reg.

20
Mar

Notification No. 02/2025-26 (Delhi)
Amendment in import policy and policy condition of Roasted Areca Nuts falling under ITC (HS) Code 20081920 of Chapter-20 of ITC (HS), 2022, Schedule-I (Import Policy)-reg.

20
Mar

Notification No. 20/2025-26 (Delhi)
Amendment in Para 2.03(A) (i) (g) of the Foreign Trade Policy, 2023 laying down enabling provisions for import of inputs, that are subjected to mandatory Quality Control Orders (QCOs), by Advance Au

20
Mar

Corrigendum to Notification No. 18/2025-26 (Delhi)
Corrigendum to Notification No. 18/2025-26 dated 17.06.2025 on amendment in Import Policy of specific items covered under Chapter 71 of ITC (HS) 2022 of Schedule -I (Import Policy) -reg.

20
Mar

Corrigendum to Notification No. 21/2025-26 (Delhi)
Corrigendum to Notification No. 21/2025-26 dated 27.06.2025 on Port restriction on import of certain goods from Bangladesh to India under ITC (HS), 2022 Schedule 1 (Import Policy)-reg.

20
Mar

Circular No. 05/2025 (Delhi)
Clarification Regarding Ineligibility of Spices for Import under Duty-Free Import Authorisation (DFIA) - reg.

20
Mar

Circular No. 07/2025-26 (Delhi)
Clarification on Redemption of Advance Authorisations impacted by Erstwhile Rule 96(10) of the CGST Rules and imports effected Between October 13, 2017 to January 09, 2019 - regarding.

20
Mar

Circular No. 08/2025-26 (Delhi)
Procedure for implementation of Import Management System for import of restricted IT Hardware (viz. Laptops, Tablets, All-in-one Personal Computers, Ultra small form factor computers and Servers unde

20
Mar

Circular No. 09/2025-26 (Delhi)
Clarification on the Warehousing of Chemicals under Para 2.36(a) of Foreign Trade Policy (FTP) 2023 - reg.

20
Mar

Notification No. 60 /2024-25 (Delhi)
Amendment in Import Policy and Policy Condition of Platinum covered under HS Code 7110 of Chapter 71 of ITC (HS) 2022, Schedule –I (Import Policy).

20
Mar

Notification No. 64/2024-25 (Delhi)
Extension in "Free" Import Policy of Urad ([Beans of SPP Vigna Mungo (L.) Hepper]) (ITC (HS) Code 07133110] under ITC (HS) 2022, Schedule -I(Import Policy) -reg

20
Mar

Notification No: 66/2024-25 (Delhi)
Extension of RoDTEP for Advance Authorizations (AAs) holders, Special Economic Zones (SEZs), and Export-Oriented Units (EOUs) upto 05.02.2025

20
Mar

Notification No. 47 /2024-2025 (Delhi)
Amendment in Foreign Trade Policy 2023 to include Para 1.07A and 1.07B for consultation with stakeholders to seek views, suggestions, comments or feedback from relevant stakeholders, including impor

20
Mar

Notification No. 55/2024-25 (Delhi)
Amendment in Import Policy covered under CTH 890690 of Chapter 89 of ITC (HS) 2022, Schedule -I (Import Policy).

20
Mar

Circular No. 11/2024-25 (Delhi)
EPCG Scheme - Relief in Average EO in terms of the para 5.17(a) of Hand Book of Procedures (HBP) of FTP, 2023.

20
Mar

Notification No. l6 /2025-26 (Delhi)
Extension in Import Period for Yellow Peas under ITC (HS) Code 07131010 of Chapter 07 of ITC (HS) 2022, Schedule - (Import Policy) -reg

20
Mar

Notification No. 49 /2024-25 (Delhi)
Amendment in Import Policy and Import Policy Conditionof Synthetic Knitted Fabrics Covered under Chapter 60 ofthe ITC (HS), 2022- reg.

20
Mar

Notification No. 48/2024-25 (Delhi)
Export of Wheat to Nepal through National Cooperative Exports Limited (NCEL) -reg

20
Mar

Notification No. 51/2024-25 (Delhi)
Extension in "Free" Import Policy of Tur/Pigeon Peas (Cajanus Cajan) [ITC(HS) 0713 60 00] under ITC (HS) 2022, Schedule - 1 (Import Policy) till 31.03.2026

20
Mar

Notification No. 03/2025-26 (Delhi)
Inclusion of Land Custom Stations Darranga as Food Import Entry Points in List "A" of Appendix-V to Schedule-I (Import Policy), ITC (HS), 2022 in sync with relevant FSSAI Notification-reg.

20
Mar

Notification No. 18/2025-26 (Delhi)
Amendment in Import Policy of specific items covered under Chapter 71 of ITC (HS) 2022 of Schedule -I (Import Policy) - reg.

20
Mar

Notification No. 14 /2025-26 (Delhi)
Amendment in Import Policy Condition of Cabinet Hinges covered under Chapter 83 of ITC (HS), 2022, Schedule -I (Import Policy)-regarding.

20
Mar

Notification No. 19 /2025-26 (Delhi)
Amendment in Import Policy of items covered under CTH 2843 under Chapter 28 of ITC (HS) 2022, Schedule –I (Import Policy) -reg.

20
Mar

Notification No. 53/2024-25 (Delhi)
Introduction of new Scheme as 'Diamond Imprest Authorisation' under Chapter 4 of Foreign Trade Policy 2023.

20
Mar

Notification No. 59/2024-25 (Delhi)
Amendment in Export Policy of Raw Human Hair -reg

20
Mar

Notification No. 13 /2025-26 (Delhi)
Amendment in Import Policy Condition of Roller chain and parts thereof covered under Chapter 73 of ITC (HS), 2022, Schedule -I (Import Policy)-regarding.

RBI

23
Mar

RBI/2025-26/243 (Delhi)
Reserve Bank of India (Commercial Banks – Financial Statements: Presentation and Disclosures) – Fifth Amendment Directions, 2026

23
Mar

RBI/2025-26/246 (Delhi)
Reserve Bank of India (Local Area Banks – Financial Statements: Presentation and Disclosures) Second Amendment Directions, 2026

23
Mar

RBI/2025-26/247 (Delhi)
Reserve Bank of India (Regional Rural Banks – Financial Statements: Presentation and Disclosures) – Second Amendment Directions, 2026

23
Mar

RBI/2025-26/244 (Delhi)
Reserve Bank of India (Small Finance Banks – Financial Statements: Presentation and Disclosures) – Third Amendment Directions, 2026

23
Mar

RBI/2025-26/245 (Delhi)
Reserve Bank of India (Payments Banks – Financial Statements: Presentation and Disclosures) Amendment Directions, 2026

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INDIAN ECONOMY

India among worst hit if Middle East conflict drags, GDP could take up to 4% hit: Moody’s Analytics

India could face one of the steepest economic setbacks in the Asia-Pacific region if the ongoing Middle East conflict persists, with output potentially falling by nearly 4 percent from its baseline trajectory, according to Moody’s Analytics. The assessment places India among the most exposed major economie...

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How the War in West Asia is affecting the Indian economy

Just as countries across the world were beginning to heave a sigh of relief after the US Supreme Court struck down the reciprocal tariffs imposed by US President Donald Trump, a new crisis opened up. On February 28, the US and Israel began coordinated attacks on Iran, killing Iran’s Supreme Leader Ayatolla...

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India’s limited oil buffers, reliance on subsidies heighten risks from Middle East conflict, Moody’s warns

India’s heavy reliance on oil imports from the Gulf, coupled with relatively limited strategic reserves, leaves it vulnerable to rising energy prices and potential supply disruptions amid escalating Middle East tensions, Moody’s raised caution on Monday. The agency flagged that while some Asia-Pacific econ...

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Capex rebounds, revenue growth slows for states

Capital expenditure by state governments during April–February points to a mixed but gradually improving investment cycle, with a handful of large states sustaining infrastructure spending even as others lag under fiscal pressure. Aggregate capital outlay by 18 major states rose 9.5% year-on-year to Rs 4.7...

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Hormuz crisis fuels Russia oil surge into India

India’s crude imports from Russia are surging back towards peak levels last seen during the 2022–23 supply realignment, with March volumes rebounding sharply as refiners pivot away from disrupted Middle East flows. Shipments from Russia have already reached 39.9 million barrels in the first 20 days of Marc...

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$9.2 billion oil import bill at $69; $156 spike may cost $60 billion

India’s oil import bill, which stood at $9.2 billion in February 2026 when the Indian crude basket averaged $69.01 per barrel, now faces the risk of a steep rise after crude prices surged to $156.29 per barrel on March 19, more than doubling input costs in less than a month. The February data reflected a rela...

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MARKET & FINANCE

Charting the global economy: Interest-rate hikes may be coming

Monetary policymakers from the US to Europe to Japan all held the line on interest rates this week as they assess the economic fallout from a war-driven spike in energy costs. But that could soon change. Money markets are betting on rate hikes by the European Central Bank this year, with the first as soon ...

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Bonds under fire as oil, US yields compound supply woes

Indian government bonds plummeted on Monday, as surging oil prices and rising U.S. Treasury yields weighed on sentiment. The benchmark 6.48% 2035 bond yield was at 6.8261% as of 10:30 a.m. IST, up 9 basis points, and after closing at 6.7369% on Friday. Bond yields move inversely to prices. The market is al...

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Global Markets | Japan's Nikkei, bonds hit multi-month lows on war-driven inflation fears

Japan's stocks and bonds sank to multi-month lows on Monday as an escalation in the Middle East war stoked inflation fears and concerns over an economic slowdown. The Nikkei slumped as much as 5% earlier in the session, wiping out the gains it made this year. The index ended 3.48% lower at 51,515.04. The broa...

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Rupee hits all-time low of 93.95 vs US dollar as Middle East tensions escalate

The Indian rupee fell to a record low on Monday, as an escalating Middle East conflict stoked worries over sustained disruption of energy supplies, threatening the outlook for Asia's third-largest economy. The rupee fell to 93.95 against the U.S. dollar, eclipsing its previous low of 93.7350 hit on Friday....

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GLOBAL CORPORATE

Iron Ore Miners Could Face Billions More in Fuel Costs Due to Iran War, Fortescue Says

Iron ore miners are at risk of incurring billions of dollars more in fuel costs if diesel prices continue to rise, a senior executive at Australia's Fortescue said on Monday. The U.S.-Israeli war on Iran has all but stopped shipments through the Strait of Hormuz, sending oil and gas prices higher and tight...

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Asia’s industrial revolution is switching off gas

Omer Ashraf isn’t losing any sleep over the impact of the Iran conflict on his fleet of energy-hungry cement plants. The Chief Financial Officer of Pakistan’s Fauji Cement Co. installed its first solar array in 2019 at Jhang Bhatar, about 50 kilometers (31 miles) west of the capital Islamabad. There are no...

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Saudi Aramco cuts oil supply to Asia for second month in April

Saudi Aramco, the world's top oil exporter, has cut crude supply to Asian buyers for a second month in April, two sources with knowledge of the matter said on Monday, after the U.S.-Israeli war with Iran disrupted trade via the Strait of Hormuz. The producer is supplying only Arab Light crude exported from...

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One battle after another: Iran war deals new blow to Europe's industrial heartland

In a spartan office adorned with plastic pots and detergent packaging at German chemical company Gechem, owner Martina Nighswonger feels she's running out of options. After years battling the fallout from the global pandemic, the spike in energy costs triggered by Russia's invasion of Ukraine and then puni...

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INCOME TAX

Only 54 Forms Ready For New I-T Act Rollout

The income-tax (I-T) department will roll out the new Income-Tax Act, 2025 from April 1 with only 54 of the 190 Forms, required under the new law, operational initially to ensure a smooth transition. The remaining forms will be introduced in phases during financial year 2026-2027 (FY27), according to th...

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Equity shares received by private trust for relatives' benefit are exempt from income tax, ITAT Chennai rules

On September 1, 2021, Mr Srinivasan had set up a private trust for his family. Throughout the year, the trust received shares worth Rs 15.78 crore as a contribution from Mr Srinivasan, and because of this, the trust treated this transaction as not taxable due to an exception in Section 56(2)(x) the Income Tax...

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Banking

Banks seek NRI deposit window, tax relief as liquidity tightens

India’s financial markets are turning up the heat on policymakers, seeking tax relief for foreign investors and a revival of NRI-focused deposit schemes to ease a tightening liquidity environment. But the Reserve Bank of India (RBI) appears unwilling to return to the crisis-era tools that helped stabilise the...

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GLOBAL ECONOMY

'Crisis worse than two 1970s oil shocks put together': IEA chief's big warning on Strait of Hormuz

The ongoing war in the Middle East has triggered an energy crisis for the world and "no country is immune" to its shockwaves, the International Energy Agency (IEA) warned on Monday. Addressing the National Press Club in Australia'...

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China Pledges More Balanced Trade and Further Opening of the Economy After Record Surplus

Chinese Premier Li Qiang pledged on Sunday to further open the country's economy to foreign firms and pursue more balanced trade with its global partners, after a year marked by trade friction and tariff wars with the United State...

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Exclusive-Japan Considers Cutting Inflation-Linked Bond Buybacks as Demand Rises, Sources Say

Japan is considering a reduction in buybacks of inflation-linked government bonds as investor demand swells amid rising inflation expectations, two sources familiar with the matter said on Monday. In late January, market-based ...

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Singapore Core Inflation at 1.4% Y/y in February, Slightly Higher Than Expected

Singapore's key consumer price gauge rose 1.4% in February from a year earlier, official data showed on Monday. The core inflation rate, which excludes private road transport and accommodation costs, was slightly higher than th...

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One Battle After Another: Iran War Deals New Blow to Europe's Industrial Heartland

In a spartan office adorned with plastic pots and detergent packaging at German chemical company Gechem, owner Martina Nighswonger feels she's running out of options. After years battling the fallout from the global pandemic, t...

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‘Outlook has grown more daunting’: Moody’s warns on Asia-Pacific growth, sees slowdown to 4% in 2026 amid heightened Middle East risks

Economies in the Asia-Pacific region are headed for a sharper-than-expected slowdown, with growth projected to ease to 4% in 2026 from 4.3% in 2025, as surging commodity prices due to the Middle East conflict and persistent U.S. t...

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INDIAN CORPORATE

Adani Green Energy commissions 510 MW capacity power projects in Gujarat

Adani Green Energy on Monday said it has operationalised 510 megawatt of power projects in Khavda, Gujarat. With the commissioning of the plants, its total operational renewable generation capacity has increased to 17,982.3 meg...

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Tata Steel partners with Hindustan Zinc for sustainable steel manufacturing

Tata Steel and Hindustan Zinc on Monday announced a partnership to integrate the low-carbon zinc solution EcoZen into sustainable steel manufacturing. HZL's EzoZen solution is produced using renewable energy and has a verified ...

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Vedanta challenges NCLT nod to Adani’s Rs 14,535 crore JAL bid

Anil Agarwal-led Vedanta Group has approached the National Company Law Appellate Tribunal (NCLAT), challenging the approval granted to Adani Enterprises Ltd for acquiring Jaiprakash Associates Ltd (JAL) through the insolvency proc...

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Most of L&T’s West Asia sites operating as usual

It’s almost as usual for engineering major Larsen & Toubro (L&T) with 95% of its sites in West Asia operational, Subramanian Sarma, deputy managing director & president of the company has confirmed. While the conflict has posed...

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