By Administrator-India Capital Sands Finance Minister Nirmala Sitharaman said the idea behind introducing second alternative tax slabs sans exemptions is to take the country towards “a simplified, exemption-free and reduced rate of tax regime.” However, there was no timeframe set by the government to remove all exemptions, she told reporters here after an interactive session […]
By Ritu, Capital Sands Euro zone economic growth slowed as expected in the last three months of 2019 as gross domestic product shrank in France and Italy against the previous quarter, but employment growth picked up more than expected, official estimates showed on Friday. The European Union’s statistics office Eurostat said GDP in the 19 […]
By Administrator_India Capital Sands Crypto analysts are split on whether bitcoin’s rise this year is driven by unique factors or is just its latest bout of volatility. But many agree on one factor: an upcoming cut to the supply of bitcoin. Bitcoin has soared by almost half this year, to more than $10,000, for the […]
By Ritu, Capital Sands The Supreme Court directed political parties to upload details candidates with criminal antecedents and the reason for their selection on their official websites, as per News18 alerts. In its order on February 13, the SC said that criminalisation of politics is a grave issue requiring its attention. The court has ordered […]
By Administrator_India Capital Sands Oil prices rose for a third day on expectations that major producers are likely to enact deeper output cuts to offset the slump in demand caused by the coronavirus outbreak in China, the world’s second-largest crude consumer. Brent crude rose 17 cents, or 0.3%, to $55.96 per barrel. U.S. West Texas […]
By Ritu, Capital Sands Indian firms are ramping up issuance of dollar-denominated bonds this year to exploit a rising global appetite for high-yielding debt and the relaxation of domestic rules on the use of funds raised, data from Refinitiv showed on Wednesday. Refinitiv data showed Indian firms have issued a record $5.6 billion worth of […]
By Administrator_India Capital Sands Asian markets were mixed on Tuesday morning as traders continued to weigh the ongoing coronavirus outbreak’s impact on global economies. The Shanghai Composite gained 0.3% , while the Shenzhen Component lost 0.2%. Worries about the virus remained as work at factories began to resume in China following the extended Lunar New Year holidays. […]
By Administrator_India Capital Sands The death toll in China due to the novel coronavirus epidemic rose to 908, Chinese health officials said on February 10. The total number of confirmed cases have risen to around 40,171 in China’s 31 provincial-level regions so far. China’s National Health Commission has also said that there were 97 deaths […]
By Administrator_India Capital Sands Russia supports a recommendation to deepen OPEC+ global oil supply curbs to compensate for a drop in demand caused by the coronavirus, Foreign Minister Sergei Lavrov said on Thursday. A technical panel that advises the Organization of Petroleum Exporting Countries (OPEC) and its allies led by Russia proposed a provisional cut […]
By Administrator_India, Capital Sands Indian market gained momentum after the MPC kept rates stable at 5.15 percent on expected lines on Thursday, but incentivizing credit flow to certain stressed sectors like Auto, housing and MSMEs, by exempting them from CRR on incremental credit to these sectors till July 2020 boosted sentiment. The S&P BSE Sensex […]
