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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
Oct
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40th Trade Expo Indonesia Exhibition | Seminar | Business Matching | Trade Mission- 15th to 19th October 2025
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19
Nov
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Match4industry Business Matchmaking Event- 19th-20th November 2025
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CUSTOMS
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24
Sep
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Circular No. 23/2025
(Delhi)
Communication to taxpayers through eOffice - requirement of document Identification Number (DIN) - reg.
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INCOME TAX
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24
Sep
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Notification No. 148/2025
(Delhi)
S.O. 4251(E).—In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961
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24
Sep
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Notification No. 149/2025
(Delhi)
S.O. 4252(E).—In exercise of the powers conferred by clause (46) of section 10 of the Income-tax Act, 1961
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23
Sep
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Circular No. 13/2025
(Delhi)
Order under section 119 of tbe Income-tax Act, 1961 for waiver of interest payable under section 220(2) due to late payment of demand, in certain cases - reg.
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RBI
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23
Sep
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RBI/2025-26/78
(Delhi)
Participation of Standalone Primary Dealers in Non-deliverable Rupee Derivative Markets
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INDIAN ECONOMY
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Households across India will experience a relief of 27 to 30% in taxes due to GST 2.0, according to a joint report by The Federation of Indian Chambers of Commerce and Industry’s Committee Against Smuggling and Counterfeiting Activities Destroying the Economy (FICCI CASCADE) and the Thought Arbitrage Research...
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Indian officials have again told the Trump administration that a significant reduction in Russian oil imports by the South Asian nation’s refiners would require Washington to instead allow crude purchases from sanctioned suppliers Iran and Venezuela.
A delegation visiting the US this week reiterated the re...
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PM Modi laid the foundation stones of a number of development projects in Rajasthan's Banswara on September 25, with a collective worth of over Rs 1,22,100 crore.
The projects cover several key areas such as energy, water, infrastructure, health and urban development....
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Consumer behaviour this season reflects a bullish sentiment, fuelled by GST-enabled price reductions that have lowered costs in high-ticket categories such as electronics and pushed festive demand up 23-25 per cent across metropolitan and emerging markets.
The GST reforms, effective from September 22 -- th...
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Several favourable factors, including strong macroeconomic fundamentals, a young demographic, and greater reliance on domestic demand, provide core strength to the Indian economy to withstand global spillovers and grow at a higher aspirational trajectory, finance minister Nirmala Sitharaman said on Thursday.
...
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Prime Minister Narendra Modi on Thursday said tax burden on people will ease further as India’s economy gains more strength and asserted that reforms in GST are an ongoing process.
Addressing the gathering after inaugurating the UP International Trade Show (UPITS) here, Modi said that recent structural ref...
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India’s logistics costs have been estimated at 7.97% of the economic output by the Department for Promotion of Industry and Internal Trade (DPIIT), which compares favourably to the more advanced economies like US, Japan, Korea and Europe.
The 7.97% logistics costs for 2023-24 is the first official estimate...
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MARKET & FINANCE
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Unclaimed money in mutual funds has touched worrying levels. According to the Sebi annual report, dividends and redemption proceeds lying unclaimed with mutual fund houses shot up to Rs 3,452 crore in 2024-25, up 20% from Rs 2,862 crore in the previous year.
The unclaimed redemption amount increased 10% from...
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Japanese government bonds traded in a narrow range on Friday, as investors adjusted positions ahead of the weekend, with attention on the potential timing of Bank of Japan policy tightening and the race to select the next prime minister.
Short- and medium-dated JGB yields, which move inversely to prices, w...
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GLOBAL CORPORATE
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Global shipping companies are moving full steam ahead with commercial vessel orders from Chinese shipyards, despite the U.S. targeting those ships with port fees aimed at countering China's maritime dominance, a new report from the Center for Strategic and International Studies showed.
Chinese shipyards ca...
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The U.S. is planning to ask chipmakers to manufacture at home as many semiconductors as their customers import, aiming to curb reliance on overseas supply, the Wall Street Journal reported on Friday.
The Trump administration would levy tariffs on firms that do not sustain a 1:1 ratio over time, the report ...
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Turkish Airlines said on Friday it would order 75 Boeing 787 aircraft and had completed negotiations to buy 150 737 MAX planes, subject to engine talks, unveiling a long-awaited deal after a meeting between the two countries' leaders.
President Tayyip Erdogan on Thursday met U.S. President Donald Trump, wh...
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Norwegian Air Shuttle said on Friday it had exercised an option to buy an additional 30 Boeing 737 MAX 8, bringing its total firm order to 80 aircraft.
"This milestone aircraft order is on attractive terms and secures our fleet growth in a way that supports our planned growth and sustainability targets," C...
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The US decision to impose a USD 100,000 fee on new H1-B visas for foreign workers will snip just 10-20 basis points from the operating margins of Indian information technology (IT) services companies next fiscal, with the pass-through estimated at 30-70 per cent, as per a Crisil Intelligence press release.
...
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President Donald Trump signed an executive order on Thursday that opens the door for a $14 billion TikTok deal. The agreement could shift majority ownership of the app into American hands.
While the broad terms are in place, legal and financial details still need to be finalised before the deal officially ...
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Banking
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Credit card issuances surged to a seven-month high in August, as lenders led by HDFC Bank ramped up distribution in anticipation of the festive demand, regulatory data showed.
In total, nearly 700,000 cards were added during the month, taking the total number of active credit cards to 112.3 million.
HDF...
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GLOBAL ECONOMY
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| Trade Report |
| Country |
Month |
Link |
| Switzerland |
July 2019 |
Click |
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Russia's debt-servicing costs will rise by 22.5% in 2026 from this year, reaching 8.8% of the total budget expenses, due to an increase in borrowing and high interest rates, Finance Ministry documents showed on Thursday.
The g...
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The Bank of Mexico cut its benchmark interest rate to its lowest level since May 2022 on Thursday and indicated it would consider further easing at future meetings, amid ongoing concerns about global trade tensions and sluggish ec...
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Consumer confidence in New Zealand rose in September, ANZ-Roy Morgan data showed on Friday, as easing monetary policy starts to feed through.
The consumer confidence index rose to 94.6 in September from 92.0 in August. A readin...
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South Korea's president vowed to open its currency market for around-the-clock trading, giving easier access to foreign investors as the country seeks to boost the domestic stock market and as stalled U.S. trade talks weigh on the...
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Japan's finance ministry said on Friday that it will set up an investment facility at a state-owned development bank to support a $550 billion investment package agreed in Tokyo's tariff deal with Washington.
Japan and the Unit...
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Thailand will deepen cooperation with China, including in areas like semiconductors and battery production, Thai prime minister Anutin Charnvirakul said on Friday, as his new government lined up measures to fire up a sluggish econ...
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Southeast Asia is experiencing a clear shift in power. China is expanding its influence at an unprecedented pace, while the United States, long seen as the region’s anchor for trade, security, and diplomacy, appears increasingly p...
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France's public debt has ballooned to a record 3.4 trillion euros ($4 trillion), official data showed Thursday, piling pressure on new Prime Minister Sebastien Lecornu as he confronts protests and political turmoil.
Lecornu was...
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The number of Americans filing new applications for unemployment benefits fell last week, but the labor market has lost its luster amid an anemic pace of hiring.
Initial claims for state unemployment benefits dropped 14,000 to ...
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Global debt hit a record high of $337.7 trillion at the end of the second quarter, driven by easing global financial conditions, a softer U.S. dollar and a more accommodative stance from major central banks, a quarterly report sho...
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US economy grew faster than first reported in the second quarter of the year. It grew at a 3.8% annual rate, up from the original estimate of 3.3%.
This faster growth happened due to fewer imports and more consumer spending. Bu...
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INDIAN CORPORATE
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The 2,800 MW Mahi Banswara Rajasthan Atomic Power Project, developed by a NPCIL-NTPC joint venture at an investment of around Rs 42,000 crore in Rajasthan, will be one of the largest nuclear plants in the country, supplying reliab...
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Three Coca-Cola bottlers in India will jointly invest Rs 25,760 crore (USD 2.96 billion) to expand the country's food processing infrastructure and have signed memoranda of understanding with the Ministry of Food Processing Indust...
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Hailing Sebi‘s “resounding and unequivocal” dismissal of Hindenburg allegations against his conglomerate, Adani Group chairman Gautam Adani told shareholders on Wednesday that they will now focus on strengthening governance, accel...
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The Ministry of Defence signed a Rs 62,370 crore deal with Hindustan Aeronautics Ltd (HAL) for the procurement of 97 Light Combat Aircraft on Thursday.
In a statement, the Defence Ministry said that the delivery of these aircr...
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Reliance Consumer Products Ltd (RCPL) on Thursday signed a Rs 40,000-crore agreement with the Food Processing Industries Ministry to establish integrated food manufacturing facilities across the country, according to sources.
T...
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Maruti Suzuki India has recorded retail sales of over 75,000 units since the start of Navratra, which also coincides with the rollout of the GST 2.0 regime.
GST 2.0 & festive cheer drive record traction
Partho Banerjee, senio...
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If there’s one word to describe Reliance’s playbook, it has to be disruption. Now that the conglomerate has entered the bottled water market with Campa Sure and Independence, industry analysts expect to see the kind of disruption ...
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The Supreme Court of India said in a judgment on Friday that JSW Steel‘s $2.3 billion takeover of Bhushan Power and Steel (BPSL) could go ahead, Reuters reported. In the judgment, the apex court reversed its own earlier decision t...
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GST
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As per the Finance Act,2023 (8 of 2023), dt. 31-03-2023, implemented w.e.f 01-10-2023 vide Notification No. 28/2023 – Central Tax dated 31th July, 2023, the taxpayers shall not be allowed file their GST returns after the expiry of a period of three years from the due date of furnishing the said return under S...
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Insolvency
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To speed up the resolution process of insolvent companies, the government has proposed a rule-based system for resolution professionals (RPs) to determine the value of claims submitted by various creditors of an insolvent company....
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