By Administrator_India Capital Sands India, which appears to have been pushed back to being the world’s sixth biggest economy in 2020, will again overtake the UK to become the fifth largest in 2025 and race to the third spot by 2030, a think tank said on Saturday. India had overtaken the UK in 2019 to […]
By Administrator_India Capital Sands The benchmark indices rebounded on Tuesday, a day after posting the biggest fall in seven months amid concerns about a new strain of coronavirus detected in the UK. Both indices managed to recover close to a third of their losses on Monday. The indices were seesawing between gains and losses for […]
By Administrator_India Capital Sands India’s retail inflation eased to a three-month low in November on the back of stable vegetable prices, even as it remained above the central bank’s upper tolerance limit of 6 per cent for the eighth straight month, the official data showed on Monday. Inflation based on the Consumer Price Index (CPI) moderated to […]
By Administrator_India Capital Sands Indian banks may restructure loans worth Rs 8.4 trillion–about 7.7 per cent of total credit in March 2020–to manage financial stress caused by the corona-virus pandemic. The loans cover corporate and non-corporate accounts that banks may recast under the Reserve Bank of India’s recent norms, according to India Ratings. Almost 60 per cent of Rs […]
By Administrator_India Capital Sands The coronavirus crisis has exposed the limitations of the existing international system and highlighted the need for a new template of globalization based on fairness, equality and humanity, Prime Minister Narendra Modi said on Monday. He was speaking at an online summit of the Non Aligned Movement (NAM), a forum of […]
By Administrator_India Capital Sands Indian Prime Minister Narendra Modi’s government has extended a nationwide coronavirus lockdown until May 17 but has allowed some relaxations, which will take effect on Monday. The following lists what remains banned and what is permitted: NATIONWIDE: Travel by air, rail, and metro and inter-state movement of people by road remains […]
