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Petrol

By Administrator_India Capital Sands Continuing its upward trend petrol and diesel touch new highs across the country on February 18. The petrol price in Delhi was hiked by 34 paise reaching Rs. 89.88 per litre as compared to Rs 89.54 per litre on February 17, according to state-owned fuel retailers. Diesel price in the national capital also …

Economy

India’s January trade deficit narrows to $14.54 bn, exports rise 6.16%

By Administrator_India Capital Sands India’s exports expanded for the second consecutive month in January and the third time this fiscal year, led by robust growth in the non-oil and non-jewellery segments, indicating manufacturing activity revival. Imports also grew for the second straight month, signifying recovery in domestic demand, but led to widening of trade deficit compared to …

IMF welcomes India's focus on growth in Union Budget
IMF

IMF welcomes India’s focus on growth in Union Budget

By Administrator_India Capital Sands The IMF welcomed India’s Union Budget for focussing on growth and said fiscal policy can and should play an important role in facilitating a strong and inclusive economic recovery. Gerry Rice, Director of Communications at the International Monetary Fund (IMF), at a press conference here said the Union Budget rightly focuses on health, education, public infrastructure …