In keeping with a jump in global energy costs, jet fuel prices were boosted by a whopping 5.3 percent on Monday, marking the ninth consecutive increase this year. According to a price announcement issued by state-owned fuel dealers, the price of aviation turbine fuel (ATF), which lets planes fly, has increased by Rs 6,188.25 per …
Officials stated on Thursday that Delhi had a record GST collection of Rs 2,898 crore in the first month of the fiscal year 2022-23. According to them, this is the city’s highest-ever April GST collection. According to them, the record GST collection is also a sign that the national capital’s economy is quickly rebounding after …
India’s central bank may have to pay a bigger price for ignoring inflation by tightening interest rates much more aggressively later, as the Federal Reserve is doing now, according to the nation’s largest asset manager. “If you don’t normalize gradually and preemptively, you may be in a situation down the line where you have to slam …
Oil pulled back in London, after earlier nearing $120 a barrel, on speculation high-stakes talks to revive a nuclear deal with Iran may soon conclude. Benchmark Brent crude swung in a range of almost $10 on Thursday, at first pushed higher as buyers continued to shun Russian crude, then dragged lower as a tweet by journalist …
India and Nepal on Thursday agreed to form a joint task force on a proposal to construct a hydropower project from investments of the two neighboring countries. The task force will have a maximum of three members from both countries. The agreement was reached at the 9th meeting of the Nepal-India Energy Secretary-Level Joint Steering Committee in …
India and the United Arab Emirates (UAE) will on Friday sign a Comprehensive Economic Partnership Agreement (CEPA), with an aim to more than double the bilateral trade in goods to $100 billion within five years. The first round negotiation was launched five months ago. Under the trade deal, both countries are expected to give duty-free …
The government is committed to reduce imports and promote self-reliance in the defence sector, Finance Minister Nirmala Sitharaman said on Tuesday. She said that 68 per cent of capital for the defence sector would be earmarked for the local industry. Sitharaman also said that 5 per cent of Universal Service Obligation (USO) Fund would be provided for …
By Administrator_India Capital Sands RBI’s recent surveys show for the year ahead, consumers are buoyed by sentiments on income and employment The Indian economy “continues to forge ahead, emerging out of shackles of pandemic,” but the rise of the Omicron variant has emerged as the biggest risk factor, said the state of the economy report released with …
By Administrator_India Capital Sands Petrol and diesel prices across the country soared to fresh all-time high levels on October 9 as rates were hiked for the fourth consecutive day, in line with the spurt in international oil prices. Petrol price was increased by 30 paise per litre and diesel by 35 paise a litre, according …
By Administrator_India Capital Sands In what is yet another positive sign of the recovery of the economy and the country coming out of the grip of the second Covid-19 wave, the usage of Aadhaar by people to claim a number of benefits has risen to a record level last month. A total of 146 crore …
