By Administrator_ India Capital Sands India’s manufacturing sector activity was largely flat in April, as rates of growth for new orders and output eased to eight-month lows amid the intensification of the COVID-19 crisis, a monthly survey said on Monday. The seasonally adjusted IHS Markit India Manufacturing Purchasing Managers’ Index […]
Economic News
UK inflation rises to 0.7% in March as clothing and fuel prices grow
By Administrator_ India Capital Sands British consumer price inflation rose to 0.7% in March from 0.4% in February, reflecting higher fuel and clothing prices, official figures showed on Wednesday, slightly below the average forecast of 0.8%. Food prices were lower than a year earlier. British inflation is forecast to rise […]
Manufacturing PMI falls to 7-month low in March as Covid cases rise
By Administrator_ India Capital Sands Growth in manufacturing slowed to the lowest rate in seven months, as increasing Covid-19 cases hit demand, said IHS Markit’s purchasing managers’ index (PMI) on Monday. PMI fell from 57.5 in February to a seven-month low of 55.4 in March. In the PMI lexicon, a […]
Petrol price hits the Rs 99 a litre mark in Rajasthan, diesel at Rs 91
By Administrator_ India Capital Sands Petrol price crossed the Rs 99 a litre mark in Rajasthan on Sunday while diesel topped Rs 91 after rates were increased for the sixth day in a row. Petrol price was increased by 29 paise per litre and diesel by 32 paise, according to a price […]
Vehicle scrappage policy to have mix of penalties, financial incentives | Budget 2021
By Administrator_ India Capital Sands The Centre’s proposed scrapping policy is set to be a mix of penalties and financial incentives. Among the considerations include waiving off registration charge on a new vehicle to incentivize scrapping, the sources said. “The Centre is likely to ask states to give a rebate […]
FM Nirmala Sitharamana arrives at Parliament; to present Budget today at 11 am
By Administrator_ India Capital Sands Finance Minister Nirmala Sitharaman will present the Budget on Monday in Parliament. The budget comes at a time when India is battling the coronavirus pandemic and the economy is reeling under the aftereffects of the lockdown. At the start of the joint session of Parliament on Friday, PM Narendra Modi […]
Fitch now expects lower GDP contraction in India at 9.4% for FY21
By Administrator_ India Capital Sands A sharper-than-expected rebound by India’s economy in the second quarter has prompted Fitch Ratings to lower its projections for GDP contraction to 9.4 per cent in the current financial year from 10.5 per cent forecast earlier. However, the agency warned against weak investment demand with Covid-19 affecting […]
India’s November diesel sales decline 7% after rising in October
By Administrator _India Capital Sands India’s diesel sales fell 7% in November from a year earlier, after rising in the previous month, according to preliminary data on state refiners’ fuel sales, signaling industrial activity is still slow to pick up after a national lockdown was eased. Diesel sales in India, […]
Delhi ranks 27th, Mumbai 33rd among fastest-growing prime residential markets globally
By Administrator_ India Capital Sands Delhi has performed better than Mumbai and Bengaluru and is ranked 27th on Knight Frank’s global index that measures annual price appreciation of luxury residential properties. Mumbai and Bengaluru were placed at the 33rd and 34th positions, respectively. The capital’s prime residential market performed better than Mumbai […]
Diesel, Petrol prices remain unchanged for 41st straight day
By Administrator _India Capital Sands Petrol and diesel prices remained unchanged on Thursday, as state-run oil marketing companies held the fuel prices steady. Rates differ from state to state depending on the incidence of VAT. Taxes make up for nearly two-third of the retail selling price. Here is looking at […]