By Administrator_India Capital Sands The Centre on Monday transferred Rs 2,104 crore in the 19th installment of goods and services tax (GST) compensation shortfall to states and Union Territories (UTs), which is about 96 per cent of the estimates. The total amount released so far stands at Rs 1.06 trillion of the Rs 1.1-trillion shortfall […]
By Administrator_India Capital Sands India With the domestic retail sector largely being successful in navigating the Covid crisis by accelerating digital adoption, it can add more than 25 million new jobs by FY30, of which the hybrid model of online and offline model will account for 50 per cent of these new roles, says a report. […]
By Administrator_India Capital Sands The government has proposed to significantly increase the authorised capital of Life Insurance Corporation of India (LIC) to Rs 25,000 crore to facilitate its listing slated for the next fiscal. Currently, the paid-up capital of the life insurance company with over 29 crore policies is Rs 100 crore. Starting with an initial capital […]
By Administrator_ India Capital Sands The RBI remained net buyer of the US dollar in December after it purchased $3.991 billion from the spot market, data showed. During the reporting month, the central bank bought $10.014 billion and sold $6.023 billion in the spot market, the RBI said in its monthly bulletin for February 2021. […]
By Administrator_India Capital Sands The dollar stood firm against its low-yielding peers on Tuesday on bets of a faster economic recovery and greater tolerance of higher U.S. bond yields, while the Australian dollar looked to guidance from the country’s central bank. The dollar index last stood at 91.014, having hit a three-week high of 91.139 overnight, with […]
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By Administrator_India Capital Sands The dollar was up on Thursday morning in Asia, but stayed near three-year lows, as the U.S. Federal Reserve continued a dovish stance that stoked reflation fears. The U.S. Dollar Index that tracks the greenback against a basket of other currencies inched down 0.07% to 90.095 by 9:24 PM ET. The U.S. […]
By Administrator_India Capital Sands A total of 1,19,07,392 beneficiaries have so far been vaccinated for COVID-19 through 2,53,434 sessions held till the evening of February 23, the 39th day of the immunisation drive, according to a provisional report of the Union Health Ministry. On February 23, 1,61,840 beneficiaries were vaccinated till 6 pm through 8,557 sessions, […]
By Administrator_India Capital Sands Oil prices rose on Monday as the slow return of U.S. crude output that was cut by frigid conditions raised concerns about supply just as demand is coming back from the depths of the coronavirus pandemic. Brent crude was up 76 cents, or 1.2%, at $61.67 a barrel by 0104 GMT, after gaining nearly […]
By Administrator_India Capital Sands Domestic stock indices nursed losses for the third consecutive session on Thursday as a lacklustre trend in global equities and concerns over stretched valuations sparked a retreat from risky assets. Banking and finance stocks bore the brunt of heavy selling, with HDFC twins being the top drags on the Sensex for […]
