By Administrator_ India Capital Sands The Asian Development Bank has downgraded India’s economic growth forecast for the current financial year to 10 percent on Tuesday, from 11 percent projected in April, on account of the adverse impact of the coronavirus pandemic. India’s GDP growth recovered to 1.6 percent in the […]
Economic News
RBI offers hassle-free trading in govt bonds for retail investors
By Administrator_ India Capital Sands The Reserve Bank of India on Monday said retail investors can open an account with the central bank in few easy steps online to start trading in government bonds. The online portal for retail investors will give access to the bond trading platform available for institutional investors as […]
Delhi govt. collects Rs. 5,281 crore GST in first quarter
By Administrator_ India Capital Sands In a sign of revival in the city economy hit by the COVID-19 pandemic and the subsequent lockdown, the Delhi government collected Rs 5,281 crore GST in the first quarter of the current financial year, officials said. Delhi was under complete lockdown due to a […]
Petrol, diesel prices today on June 14: check rates in your city
By Administrator_ India Capital Sands After a day of pause, petrol and diesel prices were hiked again by 29 to 31 paise on June 14, taking fuel prices across the country to a historic high. Petrol hit an all-time high of Rs 102.58 a litre in Mumbai, with an increase […]
Dollar near 2-month high vs yen, Chinese yuan scales 3-year high
By Administrator_ India Capital Sands The dollar held near a two-month high against the yen on Monday after a key measure of U.S. inflation showed stronger price gains than expected, keeping alive expectations of an eventual tapering in the Federal Reserve’s asset buying. The Chinese yuan, which has been supported […]
Dollar stuck near 3-month lows, bitcoin struggles
By Administrator_ India Capital Sands The dollar was pinned near three-month lows against a basket of major currencies on Monday, as bets on a robust global economic recovery continued to support currencies seen as riskier. The dollar index hovered around the 90 marks, down 0.2% on the day and close to […]
Factory orders, production rise at slowest rates in 8 months in April
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 […]
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 […]