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, […]

Economy

Germany extends 10 billion euro relief to preserve workforce

By Administrator_India Capital Sands German coalition parties agreed on Tuesday to extend measures to cushion the effects of the coronavirus crisis on Europe’s biggest economy at a cost of up to 10 billion euros, including prolonging a short-time work scheme and freezing insolvency rules. The German economy contracted at its steepest rate on record in the second quarter and the government is […]

Economy

U.S. job growth forecast to slow sharply in July as COVID-19 cases soar

By Administrator_India Capital Sands U.S. employment growth likely slowed significantly in July amid a resurgence in new COVID-19 infections, which would provide the clearest evidence yet that the economy’s recovery from the recession caused by the pandemic was faltering. The Labor Department’s closely watched employment report on Friday could pile pressure on the White House […]