Asian Stocks Down as Chinese Crackdown Impact Continues
Economy

Asian shares rise after consumer confidence boosts Nasdaq to record high

By Administrator_India Capital Sands Asian shares rose and a gauge of global equities hovered near record highs on Wednesday after rising consumer confidence in economic recovery boosted the Nasdaq index to its highest-ever closing level. MSCI’s global share index was set for a fifth straight month of gains on Wednesday. Its index tracking Asian shares […]

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 […]

Oil Down, Investors Still Await Outcome of OPEC+ Output Dispute
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 […]

Exports see nearly 50% jump to $33 bn in June; trade deficit at $9.37 bn
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. […]