April 10, 2026

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IMC ERTF Blogs

Notifications

 
CUSTOMS

7
Apr

Notification No. 35/2026 (Delhi)
S.O. … (E).– In exercise of the powers conferred by sub-section (2) of section 14 of the Customs Act, 1962

INCOME TAX

7
Apr

Notification No. 40/2026 (Delhi)
S.O. 1657(E).— In exercise of the powers conferred by clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961

7
Apr

Notification No. 43/2026 (Delhi)
S.O. 1659(E).— In exercise of the powers conferred by clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961

7
Apr

Notification No. 41/2026 (Delhi)
S.O. 1653(E).—In exercise of the powers conferred by sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, 1961

7
Apr

Notification No. 44/2026 (Delhi)
S.O. 1656(E).— In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961

7
Apr

Notification No. 42/2026 (Delhi)
S.O. 1658(E).— In exercise of the powers conferred by clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961

7
Apr

Notification No. 45/2026 (Delhi)
G.S.R. 226(E).— In exercise of the powers conferred by section 139 read with section 295 of the Income-tax Act, 1961

7
Apr

Notification No. 46/2026 (Delhi)
G.S.R. 227(E).— In exercise of the powers conferred by section 139 read with section 295 of the Income-tax Act, 1961

7
Apr

Notification No. 47/2026 (Delhi)
G.S.R. 228(E).—In exercise of the powers conferred by section 139 read with section 295 of the Income-tax Act, 1961

7
Apr

Notification No. 39/2026 (Delhi)
S.O. 1647(E).—Whereas, the Protocol, amending the Convention and the Protocol between the Government of the Republic of India and the Government of the Federative Republic of Brazil for the avoidance

RBI

7
Apr

RBI/2026-27/01 (Delhi)
Implementation of Section 51A of UAPA, 1967: Updates to UNSC’s 1267/ 1989 ISIL (Da'esh) & Al-Qaida Sanctions List: Listing of 01 Entry

7
Apr

RBI/2026-27/02 (Delhi)
Reporting under Foreign Exchange Management Act, 1999 – Returns pertaining to Foreign Exchange Management (Guarantees) Regulations, 2026

7
Apr

RBI/2026-27/06 (Delhi)
Floating Rate Savings Bonds, 2020 (Taxable) - FRSB 2020 (T) - Operational Guidelines

7
Apr

RBI/2026-27/03 (Delhi)
Overseas Investment – Submission of References to the Reserve Bank

7
Apr

RBI/2026-27/04 (Delhi)
Risk Management and Inter-Bank Dealings (Revised)

7
Apr

RBI/2026-27/05 (Delhi)
Memorandum of Instructions governing money changing activities – Location of Forex Counters in International Airports in India

7
Apr

RBI/2026-27/07 (Delhi)
Limits for investment in debt and sale of Credit Default Swaps by Foreign Portfolio Investors (FPIs)

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INDIAN ECONOMY

SEZs seek duty relief for three years, higher domestic sales limit

Special economic zone (SEZ) developers and units have urged the government to allow them to sell goods in the domestic market at lower customs duty for three years instead of one year, and sought a higher cap of 50% on domestic sales against 30%. Last week, the government announced a one-time relief measure ...

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Women’s share in India’s credit system rises to 26%, portfolio hits Rs 76 lakh crore

India is witnessing a significant shift in women’s participation in the formal credit system, with their total credit portfolio rising to Rs 76 lakh crore—about 26% of the country’s overall credit, according to a new report released on Wednesday. The study, prepared by NITI Aayog under its Women Entreprene...

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India to lead South Asia growth at 7.6% in FY26, says World Bank

World Bank expects India to remain the primary engine of growth in South Asia, projecting the economy to expand 7.6% in FY26, before moderating to 6.6% in FY27, according to its latest South Asia Economic Update released on Wednesday. Additionally, the bank said the region’s overall growth is likely to slo...

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Non-urea fertiliser subsidy hiked 11% for next kharif season

To insulate farmers from the volatility in global prices of soil nutrients, the Cabinet on Wednesday approved a subsidy of Rs 41,533 crore for phosphatic and potassic (P&K) fertilisers for the kharif 2026-27 season (April-September) under the nutrient-based subsidy (NBS) mechanism. The allocation for NBS f...

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World Bank raises India growth forecast by 30 bps to 6.6% for FY27

The World Bank on Wednesday raised India’s growth estimate for FY27 to 6.6%, up 30 basis points from its earlier estimate, partly aided by free trade agreements (FTA) amidst headwinds from the West Asia crisis. In India, growth is estimated to have accelerated from 7.1% in FY25 to 7.6% in FY26, owing to st...

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India adds record 55.29 GW non-fossil capacity in FY26

India added a record 55.29 GW of non-fossil fuel-based power capacity in 2025-26, taking the total installed non-fossil capacity to 283.46 GW, as the country expanded renewable energy deployment and moved to third position globally. “Non-Fossil capacity addition in 2025-26 is 55.29 GW and this is the highe...

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GLOBAL CORPORATE

Russia offers sanctioned LNG to energy-hungry Asia at 40% discount

Russia is seeking to leverage a global natural gas supply crunch to lure energy-starved South Asia into purchasing shipments from its US-sanctioned facilities, according to people familiar with the matter. The shipments were being offered at a 40% discount to spot prices last week via little-known intermed...

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Meta releases first-ever Al model from one of its highest-paid teams, after spending billions; calls it first step on path to personal...

Mark Zuckerberg's Meta has released Muse Spark, the company's first-ever artificial model from one of its highest-paid teams, Meta Superintelligence Labs (MSL). Mark Zuckerberg assembled its Superintelligence Labs team last year under Chief Al Officer Alexandr Wang. In June 2025, Facebook founder Zuckerberg h...

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Glencore, Taiwan Refiner Book Tankers to Load Middle East Oil After Ceasefire

Commodities trader Glencore and Taiwan's state refiner CPC have chartered a tanker each to load Middle Eastern crude for Asia, while vessels in the Gulf are preparing to exit via the Strait of Hormuz, a day after the ceasefire in the U.S.-Iran war. The two-week truce hinges on letting ships pass through th...

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Foreign Secretary Vikram Misri launches India-US trade Facilitation Portal

Foreign Secretary Vikram Misri on Wednesday launched the India-US Trade Facilitation Portal here as the two countries eye the $500 billion bilateral trade target. Misri, who is on a three-day visit to the US, launched the portal at a virtual event that was attended by India's Ambassador to the US Vinay Moh...

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China's teapots seek Iranian oil after prices fall, sources say

Some Chinese independent refiners, armed with fresh import quotas from Beijing, have begun seeking prompt cargoes of Iranian crude after oil prices slumped on Wednesday, three trade sources said. Brent crude futures dropped below $100 per barrel on Wednesday to the lowest since March 11, after U.S. Preside...

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INCOME TAX

New Form 39 to help you claim income tax exemption on past salary, gratuity in FY27: Key details

Section 157 (1) of the Income-tax Act, 2025 provides for neutralising the higher tax burden that may arise due to clubbing of additional salary and other specified receipts in the total income of the current year. The tax relief under this section can be availed by filing Form 39. Ever wondered what happen...

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Income Tax Act 2025: What is Form 121 and why should it be submitted to the bank for Tax Year 2026-27?

The Income Tax Act, 2025, has come into force from 1 April 2026. One of the objectives of the new Act is to provide a streamlined, simplified tax code with reduced compliance and consolidated provisions. Several sections, scheduled, rules, and forms have been consolidated and reduced. The number of forms has ...

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RBI

RBI hints at long-term repo rate pause

The Reserve Bank-led monetary policy panel believes that the economy is in a good shape and that the interest rate can remain low for long if the ceasefire holds or the war ends conclusively. Earlier in the day, governor Sanjay Malhotra said the MPC, which got its third five-year flexible inflation targeti...

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RBI to simplify onboarding process for MSMEs on TReDS

The Reserve Bank on Wednesday proposed to drop the due diligence requirement for MSMEs to onboard TReDS platforms to promote ease of doing business for micro, small and medium enterprises. Trade Receivables Discounting System (TReDS) refers to a system for facilitating financing of trade receivables. It is...

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Bank NPAs decline to 2%, no systemic hit due to Middle East conflict: RBI

Indian scheduled commercial banks' gross non-performing assets (NPAs) ratio declined further to 2 per cent in December 2025, the Reserve Bank said on Wednesday. Gross NPAs -- which represents the proportion of loans unpaid for over 90 days -- for the banking system had stood at 2.5 per cent in the year-ago...

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‘Forex position curbs will not remain forever’: RBI Governor

In the post-policy press conference, RBI Governor Sanjay Malhotra and deputy governors spoke on the impact of the West Asia war and the rationale behind measures taken to arrest the rupee depreciation during the post-policy press conference. Excerpts: You started providing forecasts for core inflation. Wha...

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Banking

Banks set to get capital boost

In a move aimed at supporting the capital adequacy of commercial banks, the Reserve Bank of India (RBI) on Wednesday proposed to ease norms for including quarterly profits in the computation of the Capital to Risk-Weighted Assets Ratio (CRAR) and to withdraw the requirement of maintaining an Investment Fluctu...

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GLOBAL ECONOMY

New Zealand Central Bank Governor Still Expects Economic Growth in 2026

New Zealand Reserve Bank Governor Anna Breman said on Thursday that she still expected to see the country’s economy grow in 2026, particularly if the ceasefire in the Middle East holds. Breman told radio station Newstalk ZB tha...

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Singapore Expected to Tighten Monetary Policy as Energy Crisis Fans Inflation

Singapore is poised to tighten monetary policy at a review next week, with the Middle East war driving up energy prices, stoking inflation and darkening the growth outlook at home and abroad. Out of 13 analysts polled by Reuters, ...

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INDIAN CORPORATE

Daikin Industries to invest Rs 1,000 crore in India for global R&D centre

Kolkata: Daikin Industries plans to invest 1,000 crore in India for setting up a global research and development (R&D) centre, the first outside its home base of Japan, reflecting the former's growing role in its global strategy. ...

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LIC Board to consider first bonus share issue

Life Insurance Corporation of India (LIC’s) board will meet on Monday (April 13) to consider and recommend a proposal to issue bonus shares to shareholders. If approved, it would be the first bonus issue from the life insurance gi...

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GST

GST Council meeting may take place after state polls

The Goods and Services Tax (GST) Council is likely to meet in late June or July after the current round of state elections is completed, and new governments are sworn in. Sources familiar with the development said that as of now, there are no meetings of the GST Council scheduled. “The meeting of the GST ...

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SEBI

SEBI brings lock-in mechanism for pledged shares

The Securities and Exchange Board of India (Sebi) has introduced a mechanism to lock in pledged shares, particularly those of initial public offering (IPO)-bound companies. This effectively restricts the sale or transfer of shares...

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Insolvency

IBBI panel suggests project-wise insolvency resolution for real estate sector

A panel set up by the insolvency regulator has suggested that the bankruptcy proceeding be restricted to only stressed projects of a real estate developer instead of the current practice of extending it to the entire realty compan...

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