By Administrator_India Capital Sands Reserve Bank of India Governor Shaktikanta Das will make an unscheduled speech at 10 am today, Wednesday, as a new coronavirus wave threatens a nascent economic recovery. The address will be broadcast at 10am local time, the RBI…
By Administrator_India Capital Sands The Organization for Economic Co-operation and Development (OECD) has raised the projection for India’s economic growth rate by 4.7 per centage points at 12.6 per cent for 2021-22. That would enable India to retain its earlier tag of…
By Administrator_India Capital Sands The pandemic will pull down India’s gross domestic product by 7.7 per cent in 2020-21, the first advance estimate of GDP released by the National Statistical Office (NSO) on Thursday showed. This will be the biggest annual contraction…
By Administrator_India Capital Sands The Indian economy contracted 7.50 percent in the second quarter of this financial year against a decline of 23.90 percent in the first quarter. Technically, the country is in a recession following two straight quarters of…
By Administrator_India Capital Sands Finance Minister Nirmala Sitharaman is likely to announce a mega pre-diwali stimulus package on November 12 afternoon. These could include measures aimed at sectors worst hit by the COVID-19 pandemic, as well as listing out of…
By Administrator_India Capital Sands It has been a year since the Rs 25 crore scam of Goodwin Jewellers happened. As many as 1,573 individuals were duped into buying a gold savings scheme that had promised to offer gold jewellery of up to…
By Administrator_India Capital Sands On the fourth anniversary of note ban, Prime Minister Narendra Modi on Sunday said it helped reduce black money, increase tax compliance and formalisation, and gave a boost to transparency. On November 8, 2016, Modi announced…
By Administrator_India Capital Sands The Indian rupee depreciated sharply on Monday as Europe got under a renewed grip of the coronavirus pandemic and risk aversion pushed the dollar index higher. The rupee fell about 24 paise on Monday to close at 73.85…
By Administrator_India Capital Sands New Delhi: Petrol and diesel prices remained unchanged on Thursday, as state-run oil marketing companies held the fuel prices steady. Rates differ from state to state depending on the incidence of VAT. Taxes make up for…
By Administrator_India Capital Sands India’s robust double-digit exports growth to China, coupled with sharp contraction in imports, nearly halved the trade gap between the two trading partners in the first five months of the current fiscal year (2020-21, or FY21)…
