February 04, 2026

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IMC EVENTS

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Notifications

 
CUSTOMS

3
Feb

Circular No. 01 /2026-Customs (Delhi)
Extending export benefits for exports made through Postal mode- Amendment to Circular No. 25/2022-Customs dated 09.12.2022

3
Feb

Circular No. 02 /2026-Customs (Delhi)
Clarification on the term RPA (Remote Pilot Aircraft) for military use

3
Feb

Circular No. 03 /2026-Customs (Delhi)
Extension of time period under Deferred Payment of Import Duty Rules, 2016 and addition of eligible manufacture importer in class of eligible importers to avail the facility

3
Feb

Circular No. 04 /2026-Customs (Delhi)
Guidelines for uniform implementation of Baggage Rules, 2026.

3
Feb

Circular No. 05 /2026-Customs (Delhi)
Onboarding of CDSCO, WCCB, Textile Committee and MeitY on SWIFT 2.0 as Single Touch Point for Trade.

3
Feb

Circular No. 06 /2026-Customs (Delhi)
Automation of Customs processes in import and export

3
Feb

Circular No. 07 /2026-Customs (Delhi)
Introduction of system-based e-Scheduling for examination of cargo and mandatory use of Body Worn Cameras (BWC) during examination of import cargo.

2
Feb

Notification No. 11 /2026 - CUSTOMS (Delhi)
S.O. … (E).– In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962

2
Feb

Notification No. 12 /2026 - CUSTOMS (Delhi)
G.S.R.... (E). In exercise of the powers conferred by the proviso to sub-section (1) of section 47 of the Customs Act, 1962 (52 of 1962)

2
Feb

Notification No. 13 /2026 - CUSTOMS (Delhi)
G.S.R....(E). In exercise of the powers conferred by the proviso to sub-section (1) of section 47 and section 156 of the Customs Act, 1962

2
Feb

Notification No. 14 /2026 - CUSTOMS (Delhi)
G.S.R.... (E). - In exercise of the powers conferred by section 79 of the Customs Act, 1962 (52 of 1962)

2
Feb

Notification No. 15 /2026 - CUSTOMS (Delhi)
S.O....- In exercise of the powers conferred by section 81 of the Customs Act, 1962

30
Jan

Notification No. 10 /2026 - CUSTOMS (Delhi)
S.O. … (E).– In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962

INCOME TAX

2
Feb

Notification No. 16/2026 (Delhi)
S.O. 433(E).— In exercise of the powers conferred by clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961

30
Jan

Notification No. 14/2026 (Delhi)
S.O. 386(E).— In exercise of the powers conferred by clause (ii) of sub-section (1) of section 35 of the Incometax Act, 1961

30
Jan

Notification No. 15/2026 (Delhi)
S.O. 399(E).— In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961 (43 of 1961)

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INDIAN ECONOMY

Budget 2026: Infra boost may create $175 billion investment opportunity over 7 years

For long-term infrastructure investors - infrastructure funds, sovereign wealth funds, pension funds and insurers - the budget signals intent through continuity: stable macro, public capex up, risk-sharing improved and focus on bond markets. This predictability, not one-off measures, is what institutional cap...

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India gains edge over regional export competitors after tariffs drop to 18%, beats China, Bangladesh

India-US trade deal: Following the announcement of the India-US trade deal on Monday, in which Washington reduced tariffs on India to 18 per cent, New Delhi now faces lower tariffs than its regional export competitors in South and Southeast Asia. With the new tariff structure, India now has a clear advanta...

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China market access slow; Make in India, import balancing key to cutting trade deficit: Sitharaman

India’s efforts to secure better market access for its goods in China continue to move slowly, Finance Minister Nirmala Sitharaman said, underlining that boosting domestic manufacturing while carefully managing imports remains central to narrowing the widening trade deficit with its largest trading partner. ...

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India-US trade deal unlocks unprecedented opportunities for farmers, MSMEs, entrepreneurs, and skilled workers: Piyush Goyal

India-US trade deal: Commerce and Industry Minister Piyush Goyal has said that the India-US trade deal unlocks the power of two large democracies working together for the shared prosperity of their people, and the bilateral partnership will co-create technologies and co-develop solutions. He said the trade...

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EAM Jaishankar welcomes India-US trade deal, says "will strengthen 'Make in India' endeavors"

India-US trade deal: External Affairs Minister S Jaishankar on Tuesday welcomed the India-US trade deal, where Washington reduced the tariffs on India to 18 per cent, saying that the agreement will boost job creation, spur economic growth, promote innovation, and strengthen India's flagship 'Make in India' in...

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Food subsidy may exceed FY27 BE by Rs 25,000 crore

The government may have to hike food subsidy allocation by Rs 25,000 crore in the next fiscal year from the budget estimate of Rs 2.27 lakh crore, if the Food Corporation of India (FCI) continues to hold surplus grains stock far exceeding the buffer, officials said. The FCI’s economic cost (including MSP, ...

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US clears trade deal with India, to cut tariff to 18%

The US has agreed to reduce reciprocal tariffs on Indian goods to 18% from 25% as part of the larger trade deal which will see India buy $500 billion worth of American goods. The deal was announced by US President Donald Trump in a post on “Truth Social”. “Out of friendship and respect for Prime Minist...

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Public float in state-run firms to rise, boost govt receipts: FM

Faced with weaker tax buoyancy that has constrained revenue growth, the government is preparing to rely more heavily on disinvestment and asset monetisation to support its fiscal consolidation path over the next two years. Finance Minister Nirmala Sitharaman on Monday indicated that proceeds from stake sal...

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Trump confirms trade deal with India, tariffs slashed to 18%; Modi thanks him for ‘wonderful announcement’

US President Donald Trump announced a reduced reciprocal tariff on India from 25% to 18% after holding a conversation with Prime Minister Narendra Modi on Monday. According to Trump’s Truth Social post, India’s trade deal with the US is “effective immediately”. Trump detailed his conversation with PM Modi...

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MARKET & FINANCE

FPIs withdraw Rs 36,000 cr in Jan amid global uncertainties

Foreign Portfolio Investors (FPIs) remained in a selling mode in January, withdrawing nearly Rs 36,000 crore (about $3.97 billion) as global uncertainties persisted. Meanwhile, a higher securities transaction tax (STT) proposed in the Union Budget may weigh on overseas investor participation in the near fu...

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India bonds jump on US deal boost; profit-taking caps rise before RBI meet

Indian government bonds rallied in early trade on Tuesday, as a U.S.-India trade deal sparked fresh buying on hopes that a firmer rupee could draw in more foreign inflows across local markets. Profit taking, however, capped major moves across bonds, with investors focussed on demand-supply dynamics and the...

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DIIs go on Rs 1 lakh crore shopping spree: 2 under-the-radar stocks they are buying now

During the October-December quarter of FY26, Domestic Institutional Investors (DIIs), including Mutual Fund Houses, poured a whopping Rs 1,03,123 crore into the domestic equities. (Source: SEBI) While the domestic markets remained volatile, with tariff and other geopolitical issues, the faith that DIIs hav...

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New Baggage Rules 2026: Duty-Free baggage limit raised to Rs 75,000 for Indian travellers – Key changes here

The Central Government has notified the Baggage Rules, 2026, along with the New Customs Baggage (Declaration and Processing) Regulations, 2026, and a Master Circular, aimed at streamlining customs procedures for international travelers. According to the government, these measures are designed “to simplify pro...

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GLOBAL CORPORATE

Italy New Car Sales up by 6.2% Year-On-Year in January

The market for new cars in Italy began on a positive note in 2026, with January sales up 6.18% year-on-year to around 142,000 vehicles, transport ministry data showed on Monday. Over the whole of 2025, full-year sales fell 2.1% to around 1.56 million units. Italian market leader Stellantis, whose brands...

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Japan's Food Exports Hit Record in 2025 on Strong US Demand

Japan's exports of agricultural, forestry and fishery products rose 12.8% to an all-time high in 2025, lifted by stronger shipments to the United States despite new tariffs, and by a rebound in exports to China from the previous year's slump. Exports totalled 1.701 trillion yen ($10.9 billion) last year, u...

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US container growth vanishes with world trade flows ‘moving on’

US container imports ended 2025 in a four-month skid that’s likely to lengthen this year as trade shifts to other economies to avoid President Donald Trump’s tariffs, according to a shipping industry analyst’s tally of the country’s top 10 ports. Inbound volumes in December dropped 6.4% from a year earlier...

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Trump launches $12 billion minerals stockpile to counter China

U.S. President Donald Trump announced plans on Monday to launch a strategic stockpile of critical minerals backed by $10 billion in seed funding from the U.S. Export-Import Bank. "For years, American businesses have risked running out of critical minerals during market disruptions," Trump said during an Ov...

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‘To the stars!’: Elon Musk’s SpaceX acquires xAI in record breaking $1.25 trillion deal

Billionaire Elon Musk said on Monday that his rocket company SpaceX has acquired his artificial intelligence startup xAI in what is being described as a record-breaking deal. The deal was announced through an internal memo. “To the stars! @SpaceX & @xAI are now one company,” Musk said in a post shared on ...

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INCOME TAX

Customs rules customised for accredited economic operators: Shrivastava

The Union Budget FY27 proposals are designed to translate the vision of a taxpayer-friendly system into practical and operational measures that empower businesses to manage their tax affairs independently and transparently, Revenue Secretary Arvind Shrivastava said on Monday. Addressing the post-Budget ses...

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No tax on compensation received from govt on acquisition of land

Is govt eyeing your land? Worried about paying tax on compensation you'll receive? Not anymore. The Budget 2026 has brought an important amendment exempting compensation received on compulsory acquisition of land under Right to Fair Compensation and Transparency in Land Acquisition, Rehabilitation and Resettl...

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GLOBAL ECONOMY

South Korea Consumer Inflation Eases to Five-Month Low

South Korea's consumer inflation eased to a five-month low in January, largely in line with market expectations, government data showed on Tuesday. The consumer price index (CPI) rose 2.0% from a year earlier, compared with gai...

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Canada Manufacturing PMI Expands for the First Time in a Year

Canada's manufacturing sector grew in January, its first such expansion in a year, data showed on Monday, as sentiment improved to a three-month high amid expectations of economic growth this year. However, new orders continued...

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Australia Central Bank Sees Higher Inflation, Even With Two Rates Hikes in 2026

Australia's central bank on Tuesday raised its forecasts for economic growth and inflation, warning that activity was hitting speed limits and a couple of increases in interest rates would be needed to bring it back into balance. ...

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INDIAN CORPORATE

HAL's civil aviation plans take off, company eyes commercial market

State-owned Hindustan Aeronautics Limited (HAL) which has till now been a major supplier to the armed forces is aiming to pivot to the commercial market. Chairman and managing director DK Sunil said that commercial business will c...

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Hyundai Q3FY26 profit rises 6% YoY; misses estimate

Hyundai Motor India reported a 6% year-on-year (YoY) rise in net profit to Rs 1,234 crore in Q3FY26, up from Rs 1,160 crore in Q3FY25, but fell short of Bloomberg estimates of Rs 1,411 crore. The company’s revenue for the quart...

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