By Administrator_India, Capital Sands Britain’s government borrowed less than expected in December but there were signs the economy’s weakness was hurting corporate tax receipts, while a pay rise for health workers pushed up spending. Borrowing excluding public sector-owned banks in December alone fell slightly compared with a year earlier to 4.765 billion pounds, the Office […]
By Administrator_India Capital Sands The Department of Telecommunications (DoT) will begin issuing notices to telecom companies after the January 24 deadline for payment of AGR (adjusted gross revenue) dues, set by the Supreme Court, lapses, a senior official said. This comes even as the apex court on Tuesday agreed to list the “modification petition” filed by Bharti Airtel, Vodafone […]
By Administrator_India, Capital Sands With just days to go before the Union Budget 2020-21 is presented, all eyes are on tax receipts for the current fiscal year (April 2019-March 2020, or FY20), which would be revised in the Budget. The numbers become all the more important because actual tax collections fell short by Rs 1.91 […]
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By Ritu, Capital Sands India’s Hindu nationalist ruling party on Monday elevated a veteran lawmaker and long-time associate of Prime Minister Narendra Modi to become its president ahead of a string of state elections. Jagat Prakash Nadda, who rose through the ranks after cutting his teeth as a student leader in the 1970s, will become […]
By Ritu, Capital Sands Iran said on Monday that it had not closed the “door to negotiations” in efforts to resolve a dispute over its nuclear agreement with world powers that has escalated steadily since the United States withdrew from the deal in 2018. Foreign Ministry spokesman Abbas Mousavi said any further move by Tehran […]
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By Ritu, Capital Sands The dollar began the week on a firm note on Monday as economic data pointed to strength right across the U.S. economy, reducing the likelihood of interest rate cuts. The greenback held steady near a one-week high against the euro, at $1.1096, and just below an eight-month peak on the Japanese […]
By Ritu, Capital Sands Crude oil futures are steady at Rs 4,165 per barrel on January 17 as participants increased their long position as seen by the open interest. The prices were holding steady after China economy grew at its slowest pace in 30 years at 6 percent after Washington and Beijing inked “Phase One” […]
By Ritu, Capital Sands The dollar and the Chinese yuan remained steady a day after China and the U.S. signed a phase one trade deal aimed at easing tensions between the two largest economies in the world. The signing of the deal on Wednesday, Jan. 15, in the U.S. helped equities markets and lent some stability to […]
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By Ritu, Capital Sands European stock markets traded up after the open Thursday, taking their lead from the positive close on Wall Street overnight after the signing of the trade deal between the U.S. and China. At 04:15 ET (0910 GMT), the DAX traded 43 points, or 0.3% higher. France’s CAC 40 was up 18 points, or 0.3%. The […]
By Ritu, Capital Sands The government is planning a new law to safeguard foreign investment by speeding up dispute resolution, aiming to attract more capital from overseas to boost stuttering domestic growth, two officials with direct knowledge of the matter told Reuters. In a 40-page initial draft, finance ministry has proposed appointing a mediator and setting up […]
