Following the withdrawal of Western certifiers due to international sanctions against Moscow, India is now providing safety certification for dozens of ships managed by a subsidiary of the leading Russian shipping company Sovcomflot, according to official data. This has enabled oil exports to India and other countries. After insurance, certification from one of the top […]
Jet fuel prices on Wednesday soared to record high levels across the country after rates were increased by 5.2 per cent in line with a rise in international oil prices. This is the fourth hike in jet fuel or Aviation Turbine Fuel (ATF) prices in less than two months following a spike in global oil prices but petrol […]
India’s gross domestic product (GDP) is projected to grow at 9.2 per cent to Rs 147.5 lakh crore in 2021-22, Minister of State for Finance Pankaj Chaudhary said on Monday. In a written reply to a query in the Lok Sabha, Chaudhary said the government has implemented several major reforms in recent years to boost […]
India’s exports to China have increased by 24 per cent to USD 21.54 billion during January-November 2021, while imports jumped to USD 78.88 billion in the same period as against USD 52.16 billion in the corresponding period of 2020, Parliament was informed on Wednesday. The major items of import from China include telecom instruments, computer […]
By Administrator_India Capital Sands RBI’s recent surveys show for the year ahead, consumers are buoyed by sentiments on income and employment The Indian economy “continues to forge ahead, emerging out of shackles of pandemic,” but the rise of the Omicron variant has emerged as the biggest risk factor, said the state of the economy report released with […]
By Administrator_India Capital Sands Petrol and diesel prices across the country soared to fresh all-time high levels on October 9 as rates were hiked for the fourth consecutive day, in line with the spurt in international oil prices. Petrol price was increased by 30 paise per litre and diesel by 35 paise a litre, according […]
By Administrator_India Capital Sands In what is yet another positive sign of the recovery of the economy and the country coming out of the grip of the second Covid-19 wave, the usage of Aadhaar by people to claim a number of benefits has risen to a record level last month. A total of 146 crore […]
By Administrator_India Capital Sands Union Finance Minister Nirmala Sitharaman will be visiting the financial capital for two days starting on August 24 to meet key stakeholders. She will begin the day with a meeting with officials from the Income Tax department in the Bandra Kurla Complex business district and follow it up with deliberations on […]
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 […]
By Administrator_India Capital Sands After a week of anxious waiting, markets got the high U.S. inflation number they dreaded, shrugged it off and moved on – leaving the U.S. dollar under pressure and most majors stuck in ranges. Early in the Asia session the greenback nursed small losses, as traders figured there were enough one-offs […]