Economy

financial news

Non-Taxable Income! Charge isn’t relevant to these 5 income

July 11, 2023

The Annual Duty Division in India charges no assessment on pay acquired through specific means. Notwithstanding, it relies upon different circumstances and cutoff points. Since an opportunity to record personal assessment form is approaching, you really should know this.   Non-available pay: Each annual citizen generally searches for ways of saving personal duty. For this, […]

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jerome Powell

jerome Powell to Set Stage For Slowing Fed ate Hikes Amid Hawkish Tone

November 30, 2022

Jerome Powell is scheduled to deliver a speech, nominally focused on the labor market, at an event on Wednesday hosted by the Brookings Institution in Washington. It will be one of the last from policymakers before the start of a quiet period ahead of their Dec. 13-14 gathering. Chair Jerome Powell is expected to this […]

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Russian oil tankers

Russian oil tankers receive India’s insurance through a company in Dubai

June 23, 2022

Following the withdrawal of Western certifiers due to international sanctions against Moscow, India is now providing safety certification for dozens of ships managed by a subsidiary of the leading Russian shipping company Sovcomflot, according to official data. This has enabled oil exports to India and other countries. After insurance, certification from one of the top […]

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Fuel shortages

As a result of the oil shock, poorer nations are wracked by shortages and demonstrations.

June 7, 2022

The oil shock this year has had the greatest impact on developing countries. Many are reliant on imported petroleum, which is being suffocated by a combination of high international costs, weak currencies, and competition from wealthy nations recovering from the pandemic. In nations where food costs are already rising, higher gasoline bills are worsening inflation. […]

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fuel prices

Aviation turbine fuel prices climb to record high after 5.2% hike

February 17, 2022

Jet fuel prices on Wednesday soared to record high levels across the country after rates were increased by 5.2 per cent in line with a rise in international oil prices. This is the fourth hike in jet fuel or Aviation Turbine Fuel (ATF) prices in less than two months following a spike in global oil prices but petrol […]

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Non-power coal users claim supply shortage; government denies it

Non-power coal users claim supply shortage; government denies it

February 16, 2022

India’s aluminium smelters, textile mills, sponge iron and fertiliser-makers say they face a coal shortage as power generators take the bulk of supplies. India’s top miner Coal India Ltd, which accounts for more than 80% of India’s production of the fuel, and the federal coal ministry, deny there is a problem. In a letter to […]

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new framework for cross-border

Govt gives nod to new framework for cross-border insolvency cases

February 1, 2022

In a key move aimed at revamping the current IBC ( insolvency and bankruptcy code), Finance Minister Nirmala Sitharaman said the existing regime would be tweaked to improve the overall efficiency of the resolution process as well as address the subject of cross-border insolvency resolution. To be sure, cross–border insolvency refers to circumstance in which an insolvent […]

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Rupee at 74.98 against USD, bond mkt shrugs off Moody's outlook upgrade

Rupee at 74.98 against USD, bond mkt shrugs off Moody’s outlook upgrade

October 7, 2021

By Administrator_India Capital Sands The rupee tumbled to the almost 75 a dollar level and the 10-year bond yields remained elevated on Wednesday, shrugging off India’s outlook revision by Moody’s, as international crude oil prices rose to a seven-year high, fuelling concerns about a wider fiscal deficit and rising inflation. The rupee closed at 74.98 a dollar, briefly touching […]

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FPIs continue to be net buyers, pump in Rs 7,605 crore in Sep so far

FPIs continue to be net buyers, pump in Rs 7,605 crore in Sep so far

September 13, 2021

By Administrator_India Capital Sands Continuing the buying in Indian markets, foreign portfolio investors (FPIs) pumped in a net sum of Rs 7,605 crore in September so far. According to data from depositories, overseas investors invested Rs 4,385 crore into equities and Rs 3,220 crore in the debt segment during September 1-9. FPI funding in September comes after buying to […]

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India's GDP likely to grow at 18.5% in Q1FY22: SBI report

India’s GDP likely to grow at 18.5% in Q1FY22: SBI report

August 25, 2021

By Administrator_India Capital Sands The country’s gross domestic product (GDP) is expected to grow at around 18.5 per cent with an upward bias in the first quarter of the current financial year, according to SBI research report Ecowrap. This estimate is lower than the Reserve Bank of India’s GDP growth projection of 21.4 per cent for the April-June quarter. […]

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