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| IMC Digital Processes have changed with online features, to experience the new processes visit us at https://www.imcnet.org
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15
Aug
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Gem City Ratnapura 2025 - International Gem and Jewellery Exhibition- 15th - 17th August 2025
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18
Sep
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Industry Expo 2025, Colombo, Sri Lanka- 18th to 21st September 2025
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15
Oct
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40th Trade Expo Indonesia Exhibition | Seminar | Business Matching | Trade Mission- 15th to 19th October 2025
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INCOME TAX
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11
Jul
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Notification No. 73/2025
(Delhi)
S.O. 3060(E).— In exercise of the powers conferred by clause (ba) of Explanation to section 54EC of the Income-tax Act, 1961
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9
Jul
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Notification No. 72/2025
(Delhi)
S.O. 3020(E).—In exercise of the powers conferred by sub-clause (b) of clause (46A) of section 10 of the Income-tax Act, 1961
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RBI
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11
Jul
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RBI/2025-26/65
(Delhi)
Basel III Capital Regulations – External Credit Assessment Institutions (ECAIs) – CareEdge Global IFSC Limited
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LIVE MARKET
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EURO
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SILVER
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INDIAN ECONOMY
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Switzerland has completed the ratification process of the trade agreement signed between India and four-nation European Free Trade Association (EFTA) in March last year. The ratification clears the way for implementation of the Trade and Economic Partnership Agreement (TEPA) between India and EFTA, which incl...
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India will have to increase its exports to become the world’s third-largest economic power, and the shipping and waterways sector will play a vital role in enhancing exports, Minister of State for Ports, Shipping and Waterways Shantanu Thakur said on Thursday.
Addressing an event organised by industry body...
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The US is working toward an interim trade deal with India that may reduce its proposed tariffs to below 20%, people familiar with the matter said, putting the South Asian nation in a favorable position against its peers in the region.
India doesn’t expect to receive a tariff demand letter — unlike many oth...
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India is looking forward to fast-tracking discussions on the review of the Asean-India Trade In Goods Agreement (AITIGA) to ensure fair trade and balanced growth, commerce and industry minister Piyush Goyal said on Thursday.
In a post on X, the minister said that he had held a meeting with Malaysian minist...
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A proposed US bill that includes a 500% tariff on countries importing oil from Russia could significantly disrupt Indian supplies, and also raise its oil import bill, industry experts warn. US Preesident Donald Trump is considering the Sanctioning Russia Act of 2025, which aims to pressure Russia over the Ukr...
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India’s net direct tax collection declined by 1.34% year-on-year to Rs 5.63 lakh crore as of July 10, the Income Tax Department said on Friday. The drop is primarily attributed to a sharp surge in tax refunds issued during the period.
According to the latest data, net collections stood at Rs 5,62,827 crore...
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MARKET & FINANCE
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After seeing positive inflows, India-focused equity funds have posted their second weekly outflow, turning slightly negative, even as broader emerging market (EM) funds continued to attract foreign money for a seventh straight week.
India-dedicated funds saw net redemptions of $18 million during the week ...
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India's forex reserves fell $3.04 billion to $699.74 billion for the week ending July 4, data by the Reserve Bank of India showed on Friday.
The country’s foreign exchange reserves stood at $702.78 billion as of June 27, up by $4.8 billion from the previous week.
The forex reserves had touched an all-ti...
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GLOBAL CORPORATE
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Tariffs are expected to drive significant long-term shifts in global supply chains, particularly in strategic sectors such as electric vehicles, semiconductors, and critical minerals, said Rohit Sarin, Co-Founder of Client Associates, in an interview with Moneycontrol.
Commenting on the proposed 50% tariff...
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President Donald Trump's threat to boost import taxes by 50 per cent on Brazilian goods could drive up the cost of breakfast in the United States. The prices of coffee and orange juice — two staples of the American morning diet — could be severely impacted if there's no agreement by August 1.
Brazilian bee...
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Kraft Heinz is studying a potential spin off of a large chunk of its grocery business, including many Kraft products, into a new entity that could be valued at as much as $20 billion on its own, a source familiar with the matter said on Friday.
However, the structure of the deal could change and there is n...
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U.S. President Donald Trump's threat of a 50% tariff on copper imports is raising alarm in the U.S. auto sector, as it could make it even harder for carmakers and suppliers to absorb border taxes and rising costs, executives and industry experts say.
The duties on their own may be manageable, but prices of...
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U.S. seaport operators are asking for extra time to implement pending tariffs on towering ship-to-shore cranes as they expect President Donald Trump's administration to follow through on a promise to essentially ban that vital cargo-handling equipment.
The United States Trade Representative (USTR) earlier ...
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Elon Musk's xAI is preparing to raise more money from investors in a deal that could value the artificial-intelligence company between $170 billion and $200 billion, the Financial Times reported on Friday, citing people close to the discussions.
Saudi Arabia's PIF sovereign wealth fund is expected to play ...
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The European Commission proposed on Friday a floating price cap on Russian oil of 15% below the average market price of crude in the previous three months, EU diplomats said.
The European Union and Britain have been pushing the Group of Seven nations to lower the cap for the last two months after a fall in...
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Brussels will propose a new tax on companies with a net turnover exceeding 50 million euros ($58.44 million) as part of an effort to generate new financing streams for the European Union’s common budget, the Financial Times report on Friday.
The proposal would need the backing of all 27 member states to en...
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Google has agreed to pay about $2.4 billion in a deal to license the technology of artificial intelligence-assisted coding tool Windsurf, The Wall Street Journal reported on Friday, citing people familiar with the matter.
Reuters could not immediately confirm the report.
Earlier on Friday, a Google spok...
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Banking
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The Reserve Bank of India (RBI) on July 11 released the draft norms for Closure of Shipping Bills in the Export Data Processing and Monitoring System (EDPMS) to address the issues related to regulatory compliance involving reconciliation of small-value exports in the EDPMS.
The central bank has invited fee...
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Finance Ministry officials and the Reserve Bank of India (RBI) are in early discussions on several proposals aimed at building larger and more powerful banks to support the country’s rapid economic growth over the coming decades, according to Bloomberg.
These proposals include allowing large companies to a...
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The loan growth continued to remain subdued at 9.5% year-on year for the fortnight ended June 27 while the rise in bank deposits at 10.1% outpaced the credit advancement, data released by the Reserve Bank of India on Friday showed.
Analysts at HSBC believe that weak corporate credit demand and low deposit ...
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GLOBAL ECONOMY
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| Trade Report |
| Country |
Month |
Link |
| Switzerland |
July 2019 |
Click |
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The new trade deadline set by the United States is likely to intensify pressure on Asia-Pacific (APAC) economies to conclude trade deals, global credit rating agency Moody’s Ratings said on July 11. The warning comes amid data sho...
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Brazil's finance ministry raised its forecast for economic growth this year, while projecting a slight slowdown in 2026 in face of the central bank's tight monetary policy, a report showed on Friday.
The ministry's economic pol...
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Canada's unemployment rate fell slightly to 6.9% in June as the wholesale and retail trade sectors as well as manufacturing, healthcare and social assistance all saw surprise job growth, data showed on Friday.
The economy added...
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U.S. customs duty collections surged again in June as President Donald Trump's tariffs gained steam, topping $100 billion for the first time during a fiscal year and helping to produce a surprise $27 billion budget surplus for the...
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Argentina's monthly inflation likely ticked up to 1.9% in June, according to the median forecast of a Reuters poll, after May's rise marked the lowest monthly increase since 2020.
The month of May had marked the smallest monthl...
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Venezuelan state-run PDVSA's oil sales abroad in 2024 stood at $17.52 billion, according to a results document seen by Reuters on Friday, as exports jumped due to U.S. licenses allowing foreign partners to operate in the sanctione...
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Peru's economy is projected to have expanded just under 3% in the second quarter of 2025, central bank chief economist Adrian Armas said on Friday, adding that this remained in line with the bank's forecasts of 3.1% growth by the ...
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Try as it might to appease President Donald Trump, Canada remains a prized target in his trade wars and subject to the whiplash of his changes of heart.
The giant North American neighbors are rushing to conclude a new trade acc...
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JPMorgan boss Jamie Dimon did not hold back in Dublin. Standing before European leaders and Irish officials at the Foreign Ministry event, he warned bluntly: "Europe has gone from 90 per cent US GDP to 65 per cent over 10 or 15 ye...
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INDIAN CORPORATE
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Adani Green Energy Ltd on Friday said its operational renewable energy generation capacity rose 45 per cent to 15,816 MW during June quarter as compared to the year-ago period.
It had an operational RE capacity of 10,934 MW in ...
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The government is monitoring production targets at Foxconn and believes that Apple has alternatives to handle issues related to the return of Chinese professionals from Taiwanese electronics manufacturer's plant in India, sources ...
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Anil Ambani-led Reliance Infrastructure has received three-notch rating ‘IND B/Stable’ from India Ratings and Research upgrading. The three-notch upgrade reflects a significant improvement in the company’s financial health followi...
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Tata Consultancy Services (TCS) is expected to see a slow-paced recovery over the next few quarters, as deal conversions remain sluggish and clients continue to hold back discretionary tech spending, analysts said.
While the co...
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Avenue Supermarts, which runs the DMart chain of stores, posted a flat net profit for the June quarter of FY26 (Q1FY26), as rising competition and margin pressures offset revenue growth. Profit for the June quarter came in at Rs 7...
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GST
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Following reports of notices issued to small traders by the Commercial Tax Department, the state government clarified on Friday that the action was based on data collected from Unified Payments Interface (UPI) service providers to ensure compliance with Goods and Services Tax (GST) laws.
Under the GST Act,...
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The GST Council, which will meet shortly, is expected to comprehensively review the eight-year-old regime focused on reducing tax on several consumer-focused items in the 12% bracket as well as lowering the burden on items such as air conditioners, which are in the top bracket.
Besides, with the compensati...
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