By Administrator_India Capital Sands India’s GDP may turn positive at 1.3 percent in the third quarter of 2020-21, having witnessed contraction in the previous two quarters due to the coronavirus pandemic, as the number of cases is falling and public spending has started rising, according to a report. The government will release the GDP numbers […]
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 […]
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 […]
By Administrator_India Capital Sands The IMF welcomed India’s Union Budget for focussing on growth and said fiscal policy can and should play an important role in facilitating a strong and inclusive economic recovery. Gerry Rice, Director of Communications at the International Monetary Fund (IMF), at a press conference here said the Union Budget rightly focuses on health, education, public infrastructure […]
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. […]
By Administrator_India Capital Sands India is set to swing from being a cautious spender in 2020 to opening the fiscal floodgates as Prime Minister Narendra Modi seeks to pull Asia’s third-biggest economy bank from the worst of the pandemic. Curbs imposed by the finance ministry on more than 80 government departments and ministries earlier in […]
By Administrator_ India Capital Sands SBI Life Insurance’s net profit more than doubled to nearly Rs 299 crore in the first quarter of this financial year, from Rs 129.84 crore in the year-ago period, on the back of higher net premiums and investment income. In the first half of the financial year (FY21), net profit […]
By Administrator_ India Capital Sands United States President Donald Trump on October 6 stopped talks with the Democrats on another coronavirus-related stimulus package, accusing House Speaker Nancy Pelosi of not holding negotiations in good faith. In a series of tweets, Trump said he had instructed his representatives to stop negotiating “until after the election when, immediately after […]
By Administrator_India Capital Sands China’s economy returned to growth in the second-quarter after a deep slump at the start of the year, but domestic consumption and investment remained weak as the shock from the coronavirus crisis underscored the need for more policy support to bolster the recovery. The GDP data, as well as key June […]
By Administrator_India Capital Sands The scheme is known as ‘SBI Wecare Deposit’, this will help senior citizens get higher interest rate on their money and to safeguard the interests of senior citizens in the current falling rate regime. Known as SBI Wecare Deposit,SBI has launched a special FD scheme for senior citizens in India. Under […]