By Administrator_India, Capital Sands India will consider extending deadlines for completing solar energy projects to shield developers from stiff penalties after the coronavirus outbreak hit component supplies from China, a top government official said on Tuesday. Ratings agency Standard and Poor’s Indian unit, Crisil, warned on Monday that nearly three gigawatts of solar power projects […]
Political News
India’s use of facial recognition tech during protests causes stir
By Administrator_India, Capital Sands When artist Rachita Taneja heads out to protest in New Delhi, she covers her face with a pollution mask, a hoodie or a scarf to reduce the risk of being identified by police facial recognition software. Police in the Indian capital and the northern state of Uttar Pradesh – both hotbeds […]
Asian shares hover around three-week highs on Chinese support measures
By Administrator_India, Capital Sands Asian shares reversed earlier losses on Monday and moved back toward a three-week top as Chinese efforts to cushion the blow from a coronavirus outbreak cheered investors, although Japanese stocks faltered amid growing recession risks. Trading is expected to be light as U.S. stocks and bond markets will be shut on […]
Economists eye silver lining in India’s rising rural inflation numbers
By Administrator_India, Capital Sands India’s rural inflation rate surged faster than urban inflation for the first time in 19 months in January, and economists are optimistic that signals something the country desperately needs – a revival in demand in the rural economy. Around two-thirds of India’s population depends on the rural sector with agriculture accounting […]
India to woo businesses to Kashmir in planned investment summit
By Ritu, Capital Sands India plans to offer around 6,000 acres of land in Kashmir as part of a business summit planned for April or May to help the Himalayan region after withdrawing its special rights and making sweeping administrative changes. Jammu and Kashmir was India’s only Muslim-majority state until August, when the federal government […]
India readying $2.6 billion U.S. naval helicopter deal ahead of Trump trip
By Administrator_India, Capital Sands India is set to give final approval to a $2.6 billion deal for military helicopters from U.S. defence firm Lockheed Martin ahead of a proposed visit by U.S. President Donald Trump this month. Prime Minister Narendra Modi’s government is trying to pull out all the stops for Trump’s trip in a […]
U.S. jobs data and global coronavirus worries hold dollar firm
By Administrator_India, Capital Sands The dollar held gains on Monday after job market data provided the latest sign of U.S. economic strength, while worries about the coronavirus epidemic kept other trade-exposed currencies subdued. Data on Friday showed U.S. job growth accelerated last month, blowing past estimates, with particular strength in construction – indicating the economy […]
Oil Heads for Fifth Weekly Loss as Demand Concerns Dominate
By Administrator_India, Capital Sands Oil headed for a fifth weekly loss as demand concerns grow in Asia and Europe, while OPEC+ awaited Russia’s response to its proposal to cut output further. Chinese refiners are processing 15% less crude than before the coronavirus outbreak, said people with knowledge of operations at the nation’s largest complexes. In […]
RBI policy: CPI-based inflation to GDP growth, key numbers at a glance
By Administrator_India, Capital Sands The Reserve Bank on Thursday expectedly left interest rates unchanged amid uncertain inflation outlook but left the door open for more easing in future even as it took steps to spur credit growth in an economy facing its worst slowdown in more than a decade. Here are the key numbers: • CPI projection […]
India aims to double defence exports in five years amid resource crunch
By Administrator_India, Capital Sands India wants to double defence exports over the next five years, Prime Minister Narendra Modi said on Wednesday, as the country seeks to cut its import bill amid a funding crunch that has forced successive governments to go slow on new orders. “For several years India has been a net importer […]