By Administrator_India Capital Sands Oil prices fell on Thursday as a new round of coronavirus restrictions in Europe revived worries about demand, even as tug boats struggled to move a stranded container ship blocking crude oil carriers in the Suez Canal. Brent crude slid more than 2 per cent, to $61.64 a barrel at 7.57 pm (IST). US West …
EPF rule tweaked: Now, earn tax-free interest on contributions of up to Rs 5 lakh
By Administrator_India Capital Sands Salaried employees concerned about interest earned on their annual employees’ provident fund being taxed from April 1 can heave a sigh of relief. Rules amended Finance Minister Nirmala Sitharaman introduced an amendment to raise this threshold limit to Rs 5 lakh during the debate on Finance Bill 2021, which was passed by the …
Fuel prices may be slashed by Rs.2 in the coming days: Report
By Administrator_India Capital Sands Retail fuel prices may see a price cut by Rs.2 per litre in the coming days if the international fuel prices continue to go down and rupee-dollar exchange maintains the current trend. International crude oil prices have been falling after a steep rise till March 8 when it touched $70 per …
Gujarat records 1,640 new COVID-19 cases, highest rise so far
By Administrator_India Capital Sands Gujarat recorded its highest single-day spike of 1,640 coronavirus cases on Monday which took the caseload to 2,88,649, the state health department said. The previous record of daily increase in the state was of November 27 when 1,607 new cases had come to light. In February this year daily COVID-19 cases …
Household debt soars to 37.1% of GDP, savings plunge 10.4% in Q2: RBI report
By Administrator_India Capital Sands The year-long pandemic left households more indebted, which has sharply jumped to 37.1 per cent of GDP in Q2 of FY21, while their savings rate plunged to a low 10.4 per cent, according to latest data from the Reserve Bank. The household savings plunged as the pandemic has led to tens …
Lok Sabha passes Appropriation Bill, completing two-thirds of budget exercise
By Administrator_India Capital Sands The Lok Sabha on Wednesday passed the Appropriation Bill 2021-22, authorising the government to draw Rs 117.16 lakh crore from the Consolidated Fund of India for its working as well as implementation of its programmes and schemes. This completes two-thirds of the exercise for approval of the Budget for 2021-22. The …
Indian Railways will never be privatised: Piyush Goyal in Lok Sabha
By Administrator_India Capital Sands Railways Minister Piyush Goyal on Tuesday asserted that Indian Railways will never be privatised but said private investment should be encouraged for more efficient functioning. Replying to a discussion on Demands for Grants for Railways, Goyal said there has been no death of any passenger due to a rail accident in two years …
PM Narendra Modi to meet chief ministers virtually today amid spike in COVID-19 cases
By Administrator_India Capital sands Prime Minister Narendra Modi will interact with chief ministers about the COVID-19 situation and the nationwide vaccination drive on March 17, media reported. The virtual meeting comes amid rising novel coronavirus infections and the Centre looking to increase daily inoculations. The virtual interaction is expected to begin at 12.30 pm. According to news …
India’s Hero Cycles to set up new global hub in London
By Administrator_India Capital Sands India’s Hero Motors Company (HMC) Group on Tuesday announced plans to set up a new international headquarters, Hero International (HIT), in London as part of a push towards expanding Hero Cycles’ overseas business and strengthening its global presence. The company said HIT is aimed at bringing HMC’s European businesses under one …
US Treasury Secretary Janet Yellen speaks with FM Nirmala Sitharaman
By Administrator_India Capital Sands US Treasury Secretary Janet Yellen has spoken over phone with Finance Minister Nirmala Sitharaman during which she appreciated India’s role as a critical partner in fighting the COVID-19 pandemic and discussed the global economic outlook. This was Yellen’s first call with Sitharaman after she became the first female Treasury Secretary of …