By Administrator_India Capital Sands The finance ministry has rejected the demand for further extension of the last date for income tax return (ITR) filing beyond February 15 for the ones where audit is required. In December 2020, the government extended the ITR filing deadline for individuals till January 10 and till February 15 for companies. …
By Administrator_India Capital Sands After change of guard at the chief executive position in October 2020, there is a possibility that the country’s largest private lender, HDFC Bank, may have a new chairman in January next year. The tenure of current part-time Chairman Shyamala Gopinath will end on January 1. Gopinath, former deputy governor of …
By Administrator_India Capital Sands Even as India was put on the monitoring list with nine others, the US Treasury had largely praises reserved for the country for being transparent on its foreign exchange intervention. The reason why India was put on the half yearly list report was that it met two of the three criteria …
By Administrator_India Capital Sands Finance Minister Nirmala Sitharaman on Friday contested the observation in certain quarters that the recent economic recovery was due to the pent-up and festival demand and would soon wither away, saying every sector had showed that the revival would sustain. She also did not agree with the view that proper recovery would have …
By Administrator_India Capital Sands The central government is open to considering some suggestions from farmers on ways to improve the three agricultural Acts but will not repeal them as they have been passed by Parliament, sources said. The bigger question of incorporating any provision that could give a legal standing to the minimum support price (MSP) is …
By Administrator_India Capital Sands The European Central Bank left policy unchanged on Thursday but with the economic recovery losing momentum and a strong euro dampening inflation expectations, ECB President Christine Lagarde is expected to set the stage for more stimulus later. Having pulled out the stops this spring to halt a historic economic decline across the 19-country currency bloc, …
By Administrator_India Capital Sands The US dollar index that tracks the greenback against a basket of currencies was flat at 92.47 by 10:23 PM ET. Data on non-farm payrolls out on Friday in the U.S. could shed some light on the strength of the economic recovery there. On Thursday, the U.S. Department of Labor reported …
By Administrator_India Capital Sands German coalition parties agreed on Tuesday to extend measures to cushion the effects of the coronavirus crisis on Europe’s biggest economy at a cost of up to 10 billion euros, including prolonging a short-time work scheme and freezing insolvency rules. The German economy contracted at its steepest rate on record in the second quarter and the government is …
By Administrator_India Capital Sands Indian Oil Corp, the country’s top refiner, is close to winning its first contract to export up to 720,000 tonnes of clean products to Mauritius under an annual deal from November, two sources familiar with the matter said. IOC mostly stays away from participating in term tenders for fuel exports as …
By Administrator_India Capital Sands Mexico received at least 13 million foreign visitors during the first six months of 2020, a drop of 41.2% from the same period last year, Tourism Minister Miguel Torruco said late Tuesday, as the coronavirus pandemic hammered the tourism industry. Torruco said in a statement that the decline in tourists had …
