Weekly Financial & Economic Recap: 21st – 27th July 2025 + Next Week Outlook

Welcome to cmaknowledge.in‘s weekly economic and financial review for the week ending 27th July 2025. This in-depth update covers major developments from Income Tax, GST, RBI, SEBI, MCA, ICMAI, and global markets. Also included is a forward-looking outlook for the week starting 28th July 2025.

1. Income Tax Department Highlights

• Final ITR Filing Push: With the 31st July deadline approaching, the Income Tax Department urged taxpayers to file their ITRs promptly. A total of 4.1 crore returns were filed till 26th July 2025.
• New e-verification Norms: Taxpayers filing belated or revised ITRs now have to complete e-verification within 15 days, down from 30 days earlier.
• Form 26AS Update: AIS and TIS reporting are now more synchronized, aiding in faster prefilled ITRs and better compliance.

2. GST Developments

• GST 2.0 Rollout from August: As per the GSTN update, a pilot of E-invoicing Version 2.0 has begun in 7 states. It will be mandatory for businesses with turnover above ₹5 Cr from September 2025.
• CBIC Advisory: Clarifications were issued on GST applicability for co-working spaces and EV battery swapping.
• Monthly Return Reminder: GSTR-3B and GSTR-1 filers have a strict deadline on 30th and 31st July respectively. Late fee waiver applies only till 31st July.

3. RBI Updates

• RBI’s Digital Rupee Expansion: More banks have joined the pilot for CBDC retail transactions. RBI announced an extended pilot in 15 additional Tier-II cities.
• Inflation Control Strategy: Governor Shaktikanta Das reiterated RBI’s commitment to the 4% inflation target. Repo rate remains unchanged at 6.50%.
• MSME Loan Restructuring: A new RBI circular allows lenders to restructure stressed MSME loans without downgrading classification till March 2026.

4. SEBI Regulatory Moves

• Algo Trading Guidelines: SEBI released a draft framework to regulate algorithmic trading for retail investors.
• Mutual Fund Compliance: AMCs directed to disclose benchmarking methodology in a uniform format.
• Investor Charter Updates: SEBI made disclosures mandatory on platforms regarding investor rights and grievance timelines.

5. Ministry of Corporate Affairs (MCA)

• AGM Season: Listed companies rushing to issue AGM notices as per Section 96 of Companies Act before 30th September.
• V3 Portal Migration: MCA completed phase 2 of its V3 platform update, improving DIN application and INC-22A filings.
• Company Law Committee 2025: New recommendations on producer companies and startup ESOPs expected next month.

6. ICMAI & Education Sector

• ICMAI June 2025 Results: CMA Foundation results declared on 25th July. Pass percentage increased to 29.3%.
• Online Verification: ICMAI introduced instant online marksheet verification portal for employers.
• Upcoming Webinar: ICMAI announced a national webinar on “Strategic Cost Management in MSMEs” on 30th July.

7. Stock Market Recap

• IPO Buzz: Four SME IPOs launched; oversubscribed 20x on average. Navi Finserv’s IPO likely next week.
• FII Trends: Foreign investors turned net buyers with ₹4,600 crore inflows this week.

8. Global Market and Economic Updates

• US Fed Decision Awaited: Market eyes the Fed’s interest rate signal on 31st July.
• Oil Prices: Brent crude hovers at $84.6/barrel due to rising Middle East tensions.
• China GDP Woes: Growth dropped to 4.9% YoY. Policy rate cuts anticipated.

9. Key Events for Next Week (28 July – 3 August 2025)

• July 28: RBI’s Financial Stability Report (FSR) Release
• July 29: SEBI to publish Annual Report
• July 30: GSTR-3B due date
• July 31: Last date for ITR filing for AY 2025-26
• August 1: Auto sales numbers for July
• August 2: US Fed Policy Announcement
• August 3: Expected MPC meeting schedule announcement

10. Final Thoughts

This week was dominated by compliance deadlines, regulatory shifts, and signals from financial institutions. As the month ends, all eyes turn toward tax and GST filing closures, upcoming RBI announcements, and global central bank cues.

References and Official Sources

• Income Tax Department
• GST Portal (CBIC)
• Reserve Bank of India
• Securities and Exchange Board of India
• Ministry of Corporate Affairs
• ICMAI Official Portal

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