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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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Prime Minister Narendra Modi's recent five-nation visit has helped India secure an investment pipeline worth nearly $40 billion, with several multinational firms committing fresh investments and expansion plans across key sectors.
PM Modi held meetings with chief executives and senior representatives of over...
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India's manufacturing growth is constrained by low spending on research and development (R&D) at just 0.6 per cent of GDP, and it should increase its expenditure to 2 per cent by 2035, according to a report released on Wednesday. ...
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India is closely tracking external sector trends and evaluating a range of measures to prevent any sharp deterioration in the current account deficit (CAD), Commerce and Industry Minister Piyush Goyal said on Thursday, amid continued pressure on the rupee and an uncertain global trade environment.
Goyal sa...
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India's private sector growth eased in May as a manufacturing slowdown driven by the Middle East war and cooling international demand offset a marginal pick-up in the service economy, a survey showed.
* The HSBC flash Composite Purchasing Managers' Index (PMI), compiled by S&P Global, dipped to 58.1 this m...
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The Trump administration wants to boost energy exports to India, the US ambassador in New Delhi said on Wednesday, ahead of a multi-day visit by Secretary of State Marco Rubio to the world’s most populous country.
“India has been receptive to diversification, and what that means is buying more American ene...
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When Narendra Modi handed a packet of Parle’s Melody toffee to Italian Prime Minister Giorgia Meloni in Rome on May 20, the moment looked like a playful internet joke that had suddenly broken the boundaries of social media and entered diplomacy. Why is Parle Melody so chocolaty That’s a question the brand had...
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India’s refiners are sharply increasing purchases of Russian crude oil as premiums have nearly halved to $5-6 per barrel from a high of $10-12 immediately after the start of the West Asia war.
This provides critical cost relief to them at a time when West Asia crude premiums, freight charges and war-risk ...
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Growth in the infrastructure sectors’ output inched up to 1.7% year-on-year in April, from 1.2% in March, due to positive growth in the cement, electricity and steel sectors, according to data released by the Ministry of Commerce and Industry on Wednesday. The March print was revised from -0.4% reported earli...
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India’s private sector growth moderated slightly in May as softer demand conditions and slowing export orders weighed on manufacturing activity, according to the HSBC Flash India PMI data.
The HSBC Flash India Composite PMI Output Index stood at 58.1 in May, marginally lower than April’s final reading of 5...
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MARKET & FINANCE
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Markets regulator Sebi on Wednesday proposed allowing third-party payments in mutual funds in certain scenarios, such as investment by an employer on behalf of its employees and payment of commissions by AMCs, provided adequate safeguards are in place.
The current regulatory framework mandates that all pay...
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Indian government bonds erased early advances on Thursday, as a report stating that the central bank is mulling a rate hike to control the rupee's decline overshadowed positive global cues.
The benchmark 6.48% 2035 bond yield was at 7.1225%, as of 10:15 a.m. IST, rocketing back up from a low of 7.0194% hit...
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BHIM Payments App, developed by NPCI BHIM Services Ltd (NBSL), recorded a 300% growth in FY26, with monthly transaction volume on the app rising to 21.6 crore in March 2026 from 5.93 crore in April 2025.
The app started offering cash backs from early last year which is considered to be one of the drivers ...
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The Reserve Bank of India (RBI) on Wednesday announced a $5-billion dollar-rupee buy/sell swap auction with a three-year tenor to inject durable liquidity into the banking system, as it grapples with tightening domestic liquidity conditions and mounting pressure on the rupee amid elevated crude oil prices.
...
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GLOBAL CORPORATE
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The U.S. Trade Representative's office on Wednesday welcomed the European Union's provisional agreement on legislation to remove import duties on U.S. goods, but said Brussels also needed to address non-tariff barriers and regulatory matters identified in a trade deal struck between the two trading blocs last...
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Nvidia CEO Jensen Huang on Wednesday aimed to assure investors that the world's most valuable company can keep up its blockbuster growth with the help of a broad base of customers and that new products will help it beat the $1 trillion in sales it has forecast for its flagship AI chips.
Shares fell 1.6% in...
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Australia's Ionic Rare Earths said on Thursday it has agreed to work with U.S.-based critical mineral refining firm Nth Cycle to improve rare earths production outside China.
Here are some details:
• The deal aims to strengthen rare earth refining in the United States and other markets.
• Under the d...
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U.S. energy storage developers installed 9.7 gigawatt-hours of new capacity in the first quarter of 2026, marking a record high for the quarter, an industry report showed on Thursday.
Energy storage capacity grew 32% in the quarter from a year ago despite federal actions the industry says are slowing clean...
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Advanced Micro Devices said on Thursday it would invest more than $10 billion in Taiwan's AI sector to deepen strategic partnerships and boost its capacity to build and assemble advanced AI chips.
Analysts and investors see AMD as a leading challenger to Nvidia's dominance in the AI chip market.
Here ar...
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China continued to build its massive stockpile of crude oil in April, even though imports dropped to the lowest in nearly four years.
China's surplus crude amounted to about 430,000 barrels per day in April as the 20% drop in imports was outweighed by refinery processing sliding to the lowest since August ...
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Nvidia reported another blockbuster quarter on Wednesday, posting record revenue of $81.6 billion for the first quarter ended April 26, 2026, as demand for artificial intelligence infrastructure continued to surge across the world.
The figure marks a 20% jump from the previous quarter and an eye-popping 8...
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Breaking years of financial opacity around Elon Musk’s privately held rocket and satellite company, SpaceX has finally disclosed how its multifaceted businesses have performed in its historic IPO filing on Wednesday (US time).
The company, which operates satellite internet service Starlink and is linked t...
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Banking
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Standard Chartered will eliminate more than 7,000 jobs over the next four years as it seeks to replace "lower-value human capital" with technology, becoming one of the top names in finance to target headcount cuts using artificial intelligence.
Announcing the job cuts on Tuesday, the London-headquartered l...
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GLOBAL ECONOMY
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The International Monetary Fund mission concluded talks with Pakistani authorities on Wednesday, focusing on economic developments, fiscal plans for the next financial year, and progress on reforms under the country's IMF-supporte...
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Japanese exports rose 14.8% year-on-year in April, up for an eighth straight month, data from the Ministry of Finance showed on Thursday.
The result compared with a 9.3% increase expected by economists in a Reuters poll.
Imp...
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Japan's manufacturing activity slowed slightly in May, while service sector growth ground to a halt for the first time in over a year, as surging costs linked to the Middle East conflict weighed on confidence, a business survey sh...
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Australian employment unexpectedly fell in April while the jobless rate jumped to the highest level since late 2021, a possible sign the labour market might be loosening enough to stave off a near-term interest rate hike.
The u...
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The European Central Bank may raise interest rates to preserve credibility in the face of a war-driven rise in fuel costs but there is little to suggest yet that high inflation is taking root in the euro area, ECB policymaker Olli...
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INDIAN CORPORATE
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Billionaire Sajjan Jindal’s automotive business has secured about Rs 8,000 crore ($826 million) funding line from India’s largest lender, keeping its plans for a new energy vehicle venture on track.
The facility from State Bank...
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Grasim, an Aditya Birla Group company, has posted a standalone net loss of Rs 163.54 crore in Q4FY26. In the previous quarter the company had posted a net loss of Rs 174.44 crore in Q3FY26.
Grasim’s revenue from operations stoo...
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Ola Electric’s consolidated net loss narrowed to Rs 500 crore in the fourth quarter of FY26, from Rs 870 crore in the corresponding quarter of FY25, aided by a steep reduction in operating expenses. The net loss widened sequential...
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Adani group companies– Adani Ports and Special Economic Zone and Adani Power– have signed definitive agreements to acquire logistics and power assets of Jaiprakash Associates (JAL) under the NCLT-approved resolution plan.
While...
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GST
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As part of the ongoing efforts towards strengthening data quality, traceability, and operational efficiency in the E-Way Bill (EWB) system, certain functional enhancements are proposed to be introduced in the EWB portal.
The advisory covers the following proposed changes:
a)Mandatory capture of “Ship-...
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