Economy

India’s economy likely returned to growth last quarter, says poll

By Administrator_India Capital Sands India’s economy is likely to have returned to growth in the December quarter due to the easing of restrictions on movement after the first wave of the coronavirus epidemic peaked, a Reuters poll predicted. The median forecast from a survey of 58 economists, conducted between Feb. 18-24, put year-on-year growth at […]

Economy

West Bengal to cut taxes on petrol, diesel price by Re 1 per litre

By Administrator_India Capital Sands The West Bengal government has decided to cut taxes on petrol and diesel price by one rupee a litre effective Monday midnight. West Bengal finance minister, Amit Mitra, said that despite Amphan, Covid-related stress and dues from the Centre running into Rs 77,000 crore, the state government has decided to cut petrol and diesel prices by one rupee a litre. This will […]

Economy

India’s January trade deficit narrows to $14.54 bn, exports rise 6.16%

By Administrator_India Capital Sands India’s exports expanded for the second consecutive month in January and the third time this fiscal year, led by robust growth in the non-oil and non-jewellery segments, indicating manufacturing activity revival. Imports also grew for the second straight month, signifying recovery in domestic demand, but led to widening of trade deficit compared to […]

Economy

Govt eases curbs on steel for highway construction to reduce cost

By Administrator_India Capital Sands Doing away with restrictive conditions for use of steel in highways construction, the government on Sunday announced that all kinds of steel will be allowed for highways provided these meet the quality parameters. Earlier, the contract provisions required use of steel produced by primary/integrated steel producers only. The move is aimed […]

Income tax returns filing: No further extension of date beyond February 15, Centre rejects demand
Economy

Income tax returns filing: No further extension of date beyond February 15, Centre rejects demand

By Administrator_India Capital Sands The finance ministry has rejected the demand for further extension of the last date for income tax return (ITR) filing beyond February 15 for the ones where audit is required. In December 2020, the government extended the ITR filing deadline for individuals till January 10 and till February 15 for companies. […]

HDFC Bank may appoint new chairman in Jan as Gopinath's tenure set to end
Economy

HDFC Bank may appoint new chairman in Jan as Gopinath’s tenure set to end

By Administrator_India Capital Sands After change of guard at the chief executive position in October 2020, there is a possibility that the country’s largest private lender, HDFC Bank, may have a new chairman in January next year. The tenure of current part-time Chairman Shyamala Gopinath will end on January 1. Gopinath, former deputy governor of […]

Centre says it's open to suggestions on farm Acts, but won't repeal them
Economy

Centre says it’s open to suggestions on farm Acts, but won’t repeal them

By Administrator_India Capital Sands The central government is open to considering some suggestions from farmers on ways to improve the three agricultural Acts but will not repeal them as they have been passed by Parliament, sources said. The bigger question of incorporating any provision that could give a legal standing to the minimum support price (MSP) is […]

Economy

European Central Bank keeps policy unchanged, to take aim at strong euro

By Administrator_India Capital Sands The European Central Bank left policy unchanged on Thursday but with the economic recovery losing momentum and a strong euro dampening inflation expectations, ECB President Christine Lagarde is expected to set the stage for more stimulus later. Having pulled out the stops this spring to halt a historic economic decline across the 19-country currency bloc, […]