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 […]
Tag: India
Global coronavirus cases top 9 million as outbreak surges in Brazil, India
By Administrator_India Capital Sands Global cases of the novel coronavirus surpassed 9 million on Monday, as Brazil and India grappled with a surge in infections, and the United States, China and other hard-hit countries reported new outbreaks. The first case was reported in China in early January and it took until mid-May to reach 4.5 […]
Fitch cuts India’s outlook to ‘negative’
By Administrator_India Capital Sands Ratings agency Fitch cut its outlook for India to “negative” from “stable” on Thursday, saying that the coronavirus outbreak had an unfavourable impact on the economy. “The coronavirus pandemic has significantly weakened India’s growth outlook for this year and exposed the challenges associated with a high public-debt burden,” Fitch said in […]
India, China troops clash at Himalayan border, ‘casualties on both sides’
By Administrator_India Capital Sands India’s army said on Tuesday 20 of its soldiers had been killed in clashes with Chinese troops at a disputed border site, in a major escalation of a weeks-long standoff between the two Asian giants in the western Himalayas. India’s army said on Tuesday 20 of its soldiers had been killed […]
India to let farmers sell produce directly to traders, retailers
By Administrator_India Capital Sands India is to allow farmers to sell produce directly to bulk buyers such as trading companies, food processors and large retailers, the farm minister said on Wednesday. This would obviate the need for farmers to bring their produce to India’s more than 7,000 regulated wholesale markets and let buyers buy from […]
India launches $6.7 billion plan to boost electronics manufacturing
By Administrator_India Capital Sands India launched a $6.65 billion plan on Tuesday to boost electronics manufacturing, saying it would start by offering five global smartphone makers incentives to establish or expand domestic production. The government is offering a production-linked incentive (PLI) involving cash worth 4% to 6% of additional sales of goods made locally over […]
India domestic flights to resume, but coronavirus cases rise
By Administrator_India Capital Sands Domestic flights will resume across India on Monday after a day of “hard negotiations”, the civil aviation minister said on Sunday, after some states sought to limit the number of flights. Flights will restart under an easing of restrictions imposed over the coronavirus, though the number of new cases rose by […]
India domestic flights to resume, but coronavirus cases rise
By Administrator_India Capital Sands Domestic flights will resume across India on Monday after a day of “hard negotiations”, the civil aviation minister said on Sunday, after some states sought to limit the number of flights. Flights will restart under an easing of restrictions imposed over the coronavirus, though the number of new cases rose by […]
India’s capital reopens public transport as nearby Chinese-owned factory is hit by outbreak
By Administrator_India Capital Sands India’s capital New Delhi and some other state governments ordered the re-opening of public transport on Monday in a further easing of a nearly two-month coronavirus shutdown. Under the new rules, buses, taxis and three-wheelers will return to the streets but with restrictions. Buses will not carry more than 20 passengers, […]
India to provide $266 billion to boost pandemic-hit economy
By Administrator_India Capital Sands Prime Minister Narendra Modi said on Tuesday that India would provide 20 trillion rupees ($266 billion) in fiscal and monetary measures to support an economy battered by a sweeping weeks-long lockdown to fight the novel coronavirus. India has more than 70,000 cases among its 1.3 billion population and is set to […]