India’s exports grew at a slower pace in January, after recording the highest-ever monthly outbound shipments of goods in December, showed data released by the commerce and industry ministry on Tuesday. However, exports remained above the $30 billion-mark for the eleventh consecutive month amid…
The government is committed to reduce imports and promote self-reliance in the defence sector, Finance Minister Nirmala Sitharaman said on Tuesday. She said that 68 per cent of capital for the defence sector would be earmarked for the local industry. Sitharaman also…
By Administrator_India Capital Sands Indranil Pan, Chief Economist at YES Bank Inflation has been running red hot in many economies of the world. However, Covid-19 was expected to have slowed consumption and built up precautionary savings. The messaging from the…
By Administrator_India Capital Sands India’s headline rate of inflation eased in August as food prices cooled, boosting the case for the central bank to keep interest rates lower for longer to support economic growth. Consumer prices rose 5.3% last month from a year earlier,…
By Administrator_India Capital Sands While the government has made the first move to nullify all retrospective taxes, till recently it had demanded upwards of Rs 50,000 crore from British telecom major Vodafone and energy giant Cairn. Introducing the Taxation laws…
By Administrator_India Capital Sands The tapering of the second Covid-19 wave, coupled with an aggressive vaccination push, has brightened the near-term prospects for the Indian economy, and real gross domestic product (GDP) growth is estimated at 22.1 per cent in…
By Administrator_India Capital Sands The dollar took a breather on Monday, after recent gains ran into a speed bump when details of last week’s U.S. jobs report soothed jitters about the timing of U.S. interest rate hikes. While the headline…
By Administrator_India Capital Sands Job vacancies in Australia hit record highs in the May quarter to be 57% above pre-pandemic levels, while businesses in all sectors reported difficulties in finding workers in a rapidly growing economy. In a major boost…
By Administrator_India Capital Sands Asian equities fell to a three-week low on Thursday after the U.S. Federal Reserve stunned investors by signalling it might raise interest rates at a much faster pace than assumed, sending bond yields and the dollar…
By Administrator_India Capital Sands Asian stocks dipped and cryptocurrencies extended losses on Wednesday as uncertainties over inflation prompted investors to reduce exposure to riskier assets for now. Also weighing on digital coins was a new Chinese ban on financial institutions…
